D1 : Recent price action is showing a trend reversal in progress. Indeed, last Friday a "doji" (uncertainty and indecision) took place which has been followed yesterday by a bearish engulfing pattern ! Today's ongoing price action continue to move to the downside. Watch carefully the Tenkan-Sen or Conversion Line, currently @ 1.6140 as the first important support...
Hello traders and investors! Let’s talk about ZOM today! It’s been a while since my last analysis, so we have some points to update. And if you missed my last public analysis, the link to it is below, as usual. First, ZOM reversed the short-term bull trend that we discussed in our last study, shortly after a breakout of a key point at $ 2.34. Now the trend is...
I think CADCHF on the 4hr timeframe is going bearish for a while. And my confluences are: *Double tops reversal pattern (bearish signal) *Rested of the neckline(healthy chart pattern). *Normal divergence (change of trend signal); you can check out the divergence yourself. And the last confluence would be the entry reason; A bearish engulfing candle( bearish...
EURAUD has formed a strong bearish engulfing in the direction of the long term trend. The bearish engulfing pattern is confirmed by the strong bollinger band out-break and the long term downtrend. SL is placed at engulfing candle body high, TP1 is set at 2X the risk.
EURGBP has formed a strong bearish engulfing in the direction of the long term trend. The bearish engulfing pattern is confirmed by the strong bollinger band out-break and the long term downtrend. SL is placed at engulfing body high, TP1 is set at 2X the risk. Might hold this trade for a while if price closes below resistance.
D1 : After having reached the triangle formation target of 58058 and making an intraday high yesterday @ 58155 profit taking pushed down the BTC towards a low so far of 56632. Looking at the global picture in D1, we can see a potential double top formation in progress (58354 & 58155). Usually, the second top should be higher than the first one...
Chart looks pretty with bullish engulfing and MACD & Signal lines cross (almost).
Hello traders and investors! Let’s see how PLTR is doing today, and do a complete Multi Time Frame Analysis (MTFA) by looking at the hourly, daily and weekly charts! This stock dropped sharply in the past few weeks, but right now it is doing something interesting. For the first time, it is breaking the bearish bias seen since it started its fall around the...
$NNDM is having a R2G Morning and looks to be making a green engulfing candle. Earnings missed, but maybe the low was already in after all this selling. Looking to test 50MA, then we will see where it goes.
Setup pretty much speaks for itself but the trade idea is from a technical standing- price has come back into an area of value (Trendline Support) and we have an entry signal from today's daily close printing a bullish engulfing candle, for me this is a valid place to go long at the next session open. This setup provides us with a 3:1 risk reward ratio which...
H1 : Recent price action triggered a triple top formation coupled with bearish divergences !!! Bearish engulfing pattern, confirmed by another long black candle pushed BTC down, breaking on its way the former uptrend support line in moving down below Tenkan-Sen, Kijun-Sen and Mid Bollinger Band. Next short term support is now @ 52650 former...
H4 : After the strong triangle breakout and as expected BTC lost momentum and last candle triggered a bearish engulfing pattern. For the time being, the first support (Tenkan-Sen) hold; nevertheless, technical indicators are switching from the sideways to the downside which may be the first signal (s) of a short term trend reversal. A...
AITX is forming a bullish engulfing candle on the daily this could signify the reversal we've patiently been waiting for with a rally up to to test resistance at 0.16 and then onto 0.19.
Hello traders and investors! Let’s talk about MSFT today! The volatility increased a lot recently, so, let’s see the daily chart first, followed by the weekly chart. Yes, MSFT is doing a correction right now, which is fine, considering it performed very well a few weeks ago. In fact, MSFT did a Bearish Engulfing , just after it retested the 21 ema, and this made...
Hello, people! (XAU/USD Analysis). - 4HR/SSL is trending down red line is above green. - 15MIN/50EMA broken. - 15MIN/Bearish engulfing candle. This is not a trading signal, I just like to share my market thoughts with the community.
W1 : Global picture is showing a "mirror effect" in progress. Last week price action triggered a long black candle (bearish engulfing pattern) which filled the 23.6 % Fibonacci retracement @ 45491 (3850-58354) and reached an intra-week low of 43021 ! After this sharp downside, it was more than likely to see some recovery which took...
Not the greatest ratio but engulfing's of a key level are hard to ignore. Target would be around 1.3379 level