W1 : As shown on this chart, last week price action triggered a long white candle (bullish engulfing) which neutralized the former downside risk. In addition BTC closed above the Tenkan-Sen (Conversion line) which is also a positive sign. The pivot level on this W1 time frame is @ 52'700. Indeed, as seen in the past, this area coincided at the middle of long...
DASH bottomed out with a mini inverted Head & Shoulders before breaking above the neckline @ 136 with a strong bullish engulfing candle last Friday. More upside potential especially now with RSI clearing above 50. Ideally one should have entered yesterday at the open @ 138 or as soon as it started to go above Fri's high @ 141. Otherwise, accumulate on any near...
After hitting a mini high of 780 on 14 April, and just when the bulls are thinking it is going straight to the moon, Telsa went into a rather painful correction. Finally we had enough signals last Friday to be optimistic that this recent correction could be over: 1. retraced 61.8% of it's recent CD swing up and appeared to have found support here by bouncing off...
Most alt coins have had a unprecedented bull run over the last 8 months (as many assests have). So caution always needs to be applied but we can see that the 50 ema has not been violated by any bar closures and we can see strong bullish action on the chart. With a space between the entry and the next two targets
if price breaks the resistance 1777 and confirms above it then we would looking for long positions. but if resistance push price back down then we van expect bearish bearish move to support 1757.
The price is creating double bottom pattern . We can see the confirmation from the candlestick pattern. The candlestick created the inside bar , then it created the bullish engulfing . We can take partial profit from fib 1.272 and the last target price will be on fib 1.618 . We can put the stop loss below the swing low.
According to my analysis this going up to is resistance which is around 4.5$. Do like this post if you guys think same. Thankyou
Hello Traders! SRMUSDT is at the support area and is forming bullish engulfing pattern. You can buy from here to the next resistance. Don't forget to hit the like button and follow to stay connected.
Short USDCHF on Bearish Engulfing at resistance level. Invalidation level: 0.91500
BXP - Bearish engulfing on supply zone
Multiple observations for Bank Nifty Daily Chart: > Double Bottom Chart Pattern > Bullish RSI Divergence > Bullish Engulfing Candlestick Pattern > 38.2% Fibonacci Retracement done from September Low of 20404.9 A break above today's high could take it to next falling trendline close to 34500. (Not an investment advise)
VUZI tested and bounced off the last pivot low at 19.90 yesterday with a strong bullish divergence candle, establising a horizontal support here. A bullish divergence is now apparent between it's price and RSI, it is likely to continue the upward momentum in the coming week. Disclaimer: This is just my own analysis and opinion for discussion and is not a trade...
QCOM - Bullish Engulfing candle pattern on reverse zone
Hello traders! Wan has formed a bullish engulfing pattern near the support area it means it was the final checkpoint of the bears now Wan is ready to break multiple bearish resistance and will make new highs. The new high will touch the trending line of previous highs. This pattern is also called expanding triangle. Target at the top will give 70% gains of the...
NTAP - Engulfing with Insidebar at three days on resistance zone
PPL - Bearish Engulfing on supply zone
W1 : Last week price action triggered a BEARISH ENGULFING PATTERN ! Interesting to note that lowest seen was 51'541, close to the 38.2% Fib ret @ 51106. Of course, such kind of bearish candlesticks, should be, in this W1 time frame, confirmed on a closing basis at the end of this week ! Nevertheless, the fact that we get out of the uptrend channel is one of the...