Rigtt now the SPX is trading inside a Descending Boradening wedge at a Previous Zone of Weekly Congestion and has Bullishly Engulfed the Weekly lows and held above said lows.
So long as we can continue to hold these levels we should eventually see the top of the channel and previous Support/ Resistance level of $420-$425 and (if we are to aim for Full Measured...
AU trading above fresh demand area, bullish engulf and divergence give solid evidence of buyers started to coming in.
💡what is your thought of this setup? write in the comment and lets discuss.
hey guys ,
DLF stock is ready for uptrend
as you can see that , this stock was moving in pattern called DESCENDING TRIANGLE
and now you can see that ,
this stock is at its LOWEST SUPPORT POINT ,
and this stock is also at the ,
VERY STRONG SUPPORT LINE.
One more point to buy this stock is that,
this stock is a BULLISH ENGULFING CANDLE ,
these 3 reasons are...
Please leave your comment for improve my analysis.
ATTENTION THIS ANALYSIS FOR MY EDUCATION ONLY NO SIGNAL PROVIDE.
This is My analisis for pair EURJPY
FX:EURJPY
Hello, this is just a short analysis.
Bitcoin has started positive on the day and posted a Bullish engulfing yesterday, heading towards a positive week. I expect a correction to the upside to happen.
Target is at 20 EMA, currently at $24800.
Bitcoin has also found Fibonacci support at 0.786, 78,6% retracement at $17600 from $69000 to $3850.
Please leave your comment for improve my analysis.
ATTENTION THIS ANALYSIS FOR MY EDUCATION ONLY NO SIGNAL PROVIDE.
This is My analisis for pair EURJPY
FX:EURJPY
D1 - Price is bouncing higher from a key support zone.
Bullish divergence.
Engulfing candle pattern.
H1 - Bullish convergence.
No opposite signs.
Until the key support zone holds I expect short term bullish moves to happen here.
On the weekly chart above:
1) RSI has been heavily oversold for quite some time.
2) Bullish divergence as drawn, RSI forming descending wedge.
3) Price has declined over 90% from ATH.
Also the 3D BTC pair below breaks out of resistance quite decisively and prints a bullish engulfing candle (Also BE candle printed on 1W BTC pair. Wow!)
Initial targets 41-54...
OANDA:AUDUSD
AUDUSD broke out of the key level of support,made a retest at 38.2%, made a bearish engulfing candle These confluences give a good bearish setup
Patterns Identified -Falling Wedge & Bullish Engulfing patterns weekly chart!
QCOM filled a gap from November 4, 2021. I can clearly see that QCOM is going through price correction (ranging). If you take a closer look it has popped out of the upper trend line slightly. Take a look at the yellow box to verify. I've identified a bullish engulfing that leads me to...
