Next week will be decisive for AU to continue as the huge weekly hammer predicted three weeks ago. Because the same hammer also formed a double bottom we would tend to feel secure about our bullish choice. However, this was exactly what happened back in June and the same outcome could follow again, and back then we also had UJ seasonality to back up as...
The case for the bearish rising wedge strengthened today as a bearish hammer has now formed off of the upper channel of the rising wedge. This market has been very strong as of late but the overhead resistance, rising wedge, and now bearish hammer should not be discounted. I think risk is to the downside right now (higher probability) unless price as able to...
What's coin on guys?
More and more indicators are showing the bounce is very possible here in this levels, just above 200 MA. You can find divergences on a lot of time frames, including weekly.
Not sure if bounce will happen, but with majority of people convinced we are going down, possibility is greater for me that BTC is about to squeze al short possitions opened.
We are currently got rejected by the mid bb on the Daily TF.
If no BUY volume enters soon the price will go down more.
rn ball is @ 15min chart IMO because bb bands trying to restrain PA within the range.
Last 15 min patterns haven't disappointed now keep following for bigger moves.
If you want to get more updates and...
Buy Dabur between 442-446 for a target of 455, 459 with a S.L for 438.9 intraday. One needs to avoid taking the trade if the target is achieved at the opening itself.
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee...
Good morning, traders. The battle between supply and demand rages on. Bitcoin's price dipped to near the bottom of the local TR at $3364 and has since rebounded back toward the top of it at around $3445 so far. The fact that much more demand is showing up at the bottom of the TR than supply at the top should have the bearish among us concerned. I'm still looking...
Here on the EUR/CAD we have the following reasons to go LONG:
- Bullish Trend
- Near Daily Support Level (higher low of the trend)
-Bullish Engulfing Candle/ Hammer Candle
One of the signals we mostly use is the #japanese #candlesticks, it gives you a good perspective of the market's sentiment.
Fundamentalists are saying that the USD will lose some valuation this year, and this is probably the best signal indicating that.
This is a #hammer #candlestick signal, it indicates the end of a trend, reverse.
This signal is too good to...
ADABTC made a small inverted H&S pattern, with the head around 11th Dec, then broke the neckline of a larger inverted H&S on 21st Dec, worth noting that the right shoulder of the larger H&S is a bit dodgy. I beleive it may be a little early to call for a full reversal as we need to see follow-through on the higher timeframes. The fibonacci fan and trendlines...
I believe that it is possible to beat the market through a consistent and unemotional approach. This is primarily achieved through preparing instead of reacting. Click here to learn more about how I use the indicators below and Click here to get my complete trading strategy! Please be advised that I swing trade and will often hold onto a position for > 1 month....
What Is a Hammer?
Considered a reversal formation and forms when price moves well below open, but then rallies to close near open if not higher. (inverted hammer is the mirror opposite)
Forms a candlestick with a long lower shadow (tail), and a small body with little or no wick–looks like a hammer, or mallet. (inverted hammer is the mirror opposite)
Now another 2 signals appear on the market, since the third peak of convergence appeared on MACD, and the indicators are resold. In this case, the stop loss is very close. + We are on the support line and see the hammer, analyzing the candles. First target 6366
There are still two days left before this inside month breakout ends.
Here we got this nice little pullback to previous 4hr demand zone,
Also, it has a nice hourly hammer as a confirmation entry!
Kinda a worth taking long!
Let's see how it goes!
A very very important set-up that I believe stock traders over the world are talking about how to deal with this daily hammer.
For me, quite simple that it's almost a perfect combination.
Whatever the result is, this set-up definitely worth some long trades!
Breakout, pullback, intraday momentum trades, and etc...
Also I'll take this perspective into individual...