Today we are going to look at the weekly picture ! My expected upside target (68'000) has unfortunately not been reached, the highest level seen so far was 66'894. Potential double top formation in progress. In addition, the ongoing weekly closing and the shape of its candle will be very important for the future !!! Indeed, currently, the current price action is...
SPY, doji candle formed on the daily chart. A doji candle signals a reversal in direction for the specific stock/etf. Also this could have formed what is known as a "double top" a double top is known as a bearish pattern in technical analysis. Also next week has a lot of earnings so expect some volatility in the market. SPY seeing $449 is a possibility. After that...
This is all hypothetical, im not tryna push a scare on yall. Just something o keep your eye on... #1. double top #2 doji on double top #3 bearish divergence on rsi and daily is it possible to back test to bottom trendline on wedge? ********* I need reputation, I just wanna chat in the cchats with yall lol. *******
Today, we are going to look carefully at the price action seen on the hourly chart which is showing that the BTCUSD has briefly reached the important psychological resistance level of 60'000. More important is to analyse the recent and current price action !!! Indeed, the top of the ongoing uptrend channel has once again been briefly broken on the upside,...
Having broken structure looking left, there may be cause to expect price to further rise. Daily Trend - Identified as Bullish 4hr - Previous structure highs broken, printing a doji currently however, end of trading will be affecting over the weekend. Entering next bar market if no engulfing candle is present, or large jumps. Stops placed an ATR below the...
Yesterday's price action triggered a "DOJI" pattern which is showing a "persisting uncertainty and indecision" about further direction. Indeed, such kind of pattern should be seen as a gentle warning reminder which could impact the recent ongoing uptrend price action... As long as the ETHUSD hold above the clouds area (support area) it is fine and this could be...
Haven't published on here in a while! Here's a simple set up on GBPAUD with lots of confluence pointing to a reversal. Here we see price rejecting both the 100 and 200 H4 averages at a significant area of support-resistance. The last H4 doji closure implies a bearish reversal, in which i expect price to fall to test the 1.86 psychological support level....
Today we are going to look at the 4 hours chart. Currently catch in a sideways broad 47'500-50'000 trading range. Indeed, after having filled the triangle technical target @ 49'421, the BTC pushed still a little bit higher towards an intraday high so far @ 49'811, being unable, so far to break the psychological 50'000 important resistance level. In addition,...
it is looking like sellers perhaps are in control now and looks like SPX might need to test out some zones. Your trend is your friend until the end.
As you can see on Daily chart, there is a Bearish Doji candle I put the last low shadow as my target I am new in this, always do your own research #NotFinancialAdvice Hope you all make some penny, goodluck!
Buy level reference based on failed bearish pinbar at daily timeframe.
Hello traders and investors! Let’s see how NVDA is doing today! After it defeated the pivot point at $ 214.56, NVDA reversed the trend nicely. It quickly filled the gap (yellow area), making it an Exhaustion Gap, and now it is trading slightly above the resistance at $ 224 , which is a good sign. There’s still a chance that it’ll do a pullback to the 21 ema...
- Two Shooting Star candlestick patterns appear on Sep 13 and Sep 15. A shooting star denotes price drop is on the way, but need a confirmation that appeared on Sep 17 in this case. When Shooting Star emerge on top of the wave meaning possible price reversal, but if in the mid of the wave the fall is likely to continue but rather stop sooner. - The Upper Cross...
BTC witnessed a volatile last week as it traded in a range of $44,000 to $49,000, it faced strong selling pressure at the higher levels which triggered the downside rally. However, it closed the weekly candle in the green territory and formed a Doji kind of a candlestick pattern. Crypto markets started this week with negative sentiments as the top crypto assets...
The zone i have highlighted on the chat is the range between the top and bottom of a high volume daily doji and we're overbought on the weekly showing bearish divergence on the RSI while on the daily RSI we are breaking down after being overbought; If we break below the zone i have highlighted then i expect to see a huge move down to the moving averages.
looks like a trend reversal soon. could be a consolidation period but at the price range I'm thinking more likely bulls coming. wait for candle confirmation and look to other indicators. I'm just looking in the window trying to see what's going on. comments and criticisms welcome.
JOBY is at a critical support area - it also is at support with the 100sma line. We also have a bullish Doji candle but be cautioned because this a very volatile stock.
USD/JPY has been in a downtrend on the 1 hour heikin ashi chart. However a recent doji has formed along with a green candle that closed above the heikin ashi doji. This shows strength in the market for the bulls, stochastic has also just been majorly oversold and is now turning back up. This could be a strong buy for USD/JPY.