Dip Into 50% Order Block / Engulfing Trigger
In my analysis of the S & P 500 Index, a bullish engulfing reversal candle is on the 1 hour chart continuing the uptrend. I forecast that price will continue moving to the price of $4381.16. This is the 1.618 level of the fibonacci. I utilitzed my the fibonacci in my analysis. CURRENCYCOM:US500
Bearish engulfing candle confirmed on the 4 hour close and before hand rejected the 200 day moving average 👍
Before I proceed, check my previous Daily Post on Bitcoin to have an Overview of what we are working ON. on 4H we have seen a valid Trend-Line with Break-Out, I am a FAN of Consolidation Break-Out at Resistance and Support Zones. This Break-Out are important part of my STRATEGY. Okay, back to the chart, we have seen a break-out of the Downtrend and a retest of...
Hello traders and investors! As you asked, I’ll look at PLTR again this week! Some people are getting nervous about it, so, let’s talk about it. We'll do a complete Multi Time Frame Analysis (MTFA) today. First, as some of you pointed out, yes, we have a H&S pattern in the 1h chart, which was triggered, and it already hit its technical target, at $ 24.52...
What you should know about PLTR! 👀 Today PLTR stressed our support levels we talked about yesterday, but it didn’t break them. These supports are holding the stock pretty well, and the more it accumulates above these levels, more interesting will be PLTR’s next movement. I think this is a good movement on PLTR. The BBs are getting tight again, and the RSI is...
The situation is quite simple on PLTR today! We are dropping, just as we expected, because it lost the 27.01 that we talked about yesterday, and now PLTR is looking for support areas to hold itself. No, it won’t drop forever, and it’ll recover at some point, the question is, which point? We have a pivot at 26.45, if triggered, I don’t think the 26.26 will hold...
Hello traders and investors! Yes, PLTR hit the $ 27.45 as we said it would in our last study (the link to my previous idea is below this post), but what to do now? The $ 27.45 is a secondary target in my view, but it is working very well as a resistance. Now we can expect some struggle around this area, and the fact that PLTR dropped below its 21 ema in the 1h...
Hello traders and investors! Let’s update our thoughts on PLTR today! First, it defeated the $ 25.23 area we talked about last week, but only after it retested the purple trendline one more time. Now PLTR is defeating its resistances, a nd there’re no pullback/reversal signs around. The 21 ema is pointing up, and it is another support level that could hold...
Based on the chart, price have reached a major support area and a false breakout have happened. Also based on this false breakout we can conclude that there is strong demand at this area which can be good sign of buyers strength. Even more based on candlesticks, we can notice a good bullish Engulfing formed here 3 days ago while we can see no sign of sellers...
Here's a short term low risk trade on EURJPY, Price created a nice selling action signal on local volume cluster at 132.145 Now i expect that it will drop to a 131.800 to pick up volume on that price. Nothing extremely big but small trades has a best win/lose ratio. I also expect action on POC at 132.795 if the price will cahse it. Wish you lot of succsess!
Based on the chart, price dropped on a major support area and a good rejection completed (We can see a very good bullish engulfing candle on the chart!). The rejection was so strong and it can be a good sign of buyers power at this area. Also we have to consider that we are in a uptrend situation. So based on these scenarios opened a buy position with a good risk...
USDJPY pin H4 pullback from fibo confirmed with engulfing. I'm testing my strategy for some years which uses pin bars. It's about to find rotations when pins are on the high or low of the swings. In common retail traders using them as the good signal for trade, im using the opposite function of it, im finding liquidity and rotation back to the trend.
Hi everyone! Today’s trading idea is on Nike (NKE)! It is a long trade for 3 reasons. First, the pivot at 131.83 was broken today, and this might be the beginning of a good movement next. Second, the RSI shows an advanced breakout, and this is another confirmation we have here. Third, we are near support level in the 4h chart (130.48), and NKE is doing some...
First of all please get this technical analysis to 30+ likes to unlock tomorrow's alpha post 👍 Good afternoon traders, we have a possible bearish engulfing candle on the 4 hour and will confirm if we close below $36,200 (ish) so watch out for the next hours to come as we head into the daily close and weekend. Could be a messy weekend if my bias towards the...
i am looking for a brek and retest of this weekly shooting star to go short into the low of a weekly engulfing candle
On the 1 day chart, Bitcoin is now below the 200 and the 233 EMA . (yellow and orange) The 20 SMA (pink) has met the consolidation triangle at the top of the current candle. Usually the price of bitcoin follows the 20 SMA closely if you look at the past price action. Yesterday we had a bearish engulfing candle. With the combination of these things, I would...