Compare/contrast to 11/12 June top and throwover. Bearish engulfing candle. Shooting stars. On intraday we saw hanging man twice, and shooting star in SPX 8/.21. Expect imminent throwover to entry on wave C of ABC ZigZag correction pattern within days, after reaching all-time high on SPX 8/21, US 30 25888 at Fibo 0.786 from Jan 26 high. Target 23531. Possibly...
Looks like a bearish pattern emerging and we have divergence with Nas off -20 and Sand P flat now. Look to see if we get orphan harami for the day might lead to Wave 2 down on Monday for a buy opportunity. Markets hate an unfilled gap. Look for Dow to retrace significant part of Thursday green candle before resuming upwards march. Not investment advice just...
EURCHF The currency pair is in a downtrend according to the strong bearish setup of the moving averages. In the video of this morning, we were already considering a short position on it, but now we have a clear candlestick pattern, a bearish engulfing. Stop loss and take profit may be selected to have a RR that is at least 1:2.
AUDJPY There are several reasons to consider a short position on this currency pair: 1. Bearish setup with the moving averages; 2. Double top formation; 3. Green moving average working as a dynamic resistance; 4. Bearish engulfing pattern; 5. Price in a main downtrend. The risk to reward ratio is 1:2, so definitely a trade to try.
Sand P has been more resilient than Dow and declines less, advances more. Still a short opportunity appearing now in final down leg of corrective wave. I wouldn't hold puts or shorts below 2800- look for a strong bullish reversal into a combo (5)(V)(v) wave to new All-Time High after this correction- starting real soon. See my Dow post too, same idea, but...
This is a 3-3-3 corrective wave pattern forming. Looks like we had 3 strong down waves in 'W'; 3 smaller up waves today for an 'X'; The 'Y' should start very soon, will likely open with a gap down and should carry index to near same decline as 'W' or ~520 points to 24818. I do not see an ABC pattern here, as there are no 5 wave impulses in the W or X waves. As...
Going down further; Not advice; just an observation. Good luck!
bullish engulfing candle on the daily chart. go long
In this video I analyze a live trade that I have been in for a few days now. I discuss how I was able to use price action to point out "red-flags" where it looked like price might turn against me. By acting on the price action I was able to get out just before a large drop and then get back in, almost where my trade originally started, but with a better cost...
The slip-slide has begun. Could surprise us with a last-ditch retest from here, but futures are grim and price action = bearish. After an exhaustion gap - up we had a shooting star doji on the 2-hours 8/7 and an engulfing bear candle 8/8 end of day. High probability given these signals the Dow is in throwover. A sharp decline might ensue following rejection from...
AUD/USD is currently stuck in sideways channel movement, having today had a surging bullish push to retest the previous resistance zone of 74400. We now see a candlestick formation, giving a grate short trading opportunity on this pair. Lets see how this pans out!
Analysis EURUSD has reached a support level. Trigger A bullish engulfing candle (essentially a pin bar on higher time frames) near support zone signals bullish price action in the coming days. Trade Look for entries a few pips above the bullish engulfing candle and stops below the swing low. 2 to 1 reward to risk ratio.
Let's start the analysis for BTC/USD chart. If you are busy, you can just read below briefly '1. Briefing ' '5. Summary and Strategy' before read, click '+Thumb up, +Follow' :-) 1. Briefing # Bearish Engulfing Candle on Weekly Chart # Candle under 20EMA on Weekly Chart # Supported by up-trend line(short term) on BITFLYER 2. Weekly Chart 1)...
This video discusses how the market has been setup for a high probability of a melt-up. In a melt-up the market can jump 15-30% in the matter of weeks. Weeks ago I began positioning my trades for a melt-up scenario which pays off in days like today, but I think this thing could explode much higher. Today's price action sets us up for an opportunity to get long...
DBD + bearish engulfing area + 50% retracement TAYOR
Potential long at QM level supply zone + bullish engulfing
-CADJPY LONG term (retest of the new support) -Resistance become support -Fibonnacci 50.00% rejection -Bullish Engulfing
If someone used harmonic pattern in previous briefing, now, may take 3~4% profit. if you want to read only for 'repeated pattern', go '4.Etc.'. Let's start the analysis for BTC/USD chart. If you are busy, you can just read below briefly '1. Briefing ' '5. Summary and Strategy' and '4. Etc.' either in this briefing. before read, click '+Thumb up, +Follow'...