ETHUSD broke down bearishly from its pennant pattern today. Towards the end of the close it attempted to retake the bottom of the pennant but the attempt failed. This can be seen in the chart with the bearish hammer forming off of the bottom of the pennant. I believe this significantly increases the chances of ETH falling to next support in the 180-200 region.
So I'm fairly certain the market will have its first pullback and likely a reversal. Key notes for the reversal - - - - - 1. Check out that Candle wick. It reached that Purple trendline and immediately retreated indicating that big players have taken their bullish positions. At the end of that candle close, it will show a very clear hammer candle. 2. Look at the...
Daily hammer formation, long bullish weekly trend to continue
After consolidating around $9300-$9500 we now have bullish candles on the Weekly, 3 Day, Daily (forming) and a beautiful hammer in the cradle on the 16h just closed. We also have the 10 EMA crossing upwards above the 20 EMA on the Weekly which counts for something. As for entering a position here, a decisive break above the weekly high of $9575 would give me...
Tuesdays close on the 1D chart gave us a bullish hammer. Depending on the outcome of Wednesdays daily close we may have a sign for a bullish reversal. RSI is sitting around 35 which may also give the indication the trend has tired out. Strategy: Wait for Wednesday close. If we close above 1.1025 (the hammers high) then I will be looking for a long...
For Bitcoin, currently, when we look at the BTCUSD price on a weekly chart, we can see that on the week of 16th December 2019 Bitcoin price action put in a Hammer on the weekly close. How to recognise a Hammer? A preceding downtrend, It looks like a square lollipop with a long stick, Has a tiny body, Has no or little upper shadow, The lower shadow is at...
Looks like a bottom with higher volume on a reversing hammer at support Also most volume on options contacts for friday are on the 22.50 Call last candle was also a #13 for the TD Sequential count on the daily chart also supporting a reversal www.barchart.com
Hi everybody. Although the price could still drop to 80-100$ zone I consider this time a good purchase opportunity to go LONG. We have a possible double bottom formation while bouncing on the AB trend (Point C) and also the daily RSI is in oversold zone. Everything is on the chart. Best reggards. Janpr99
Everything has been showed on the chart. Wish big profits for you.
EurAud as been on a longterm downtrend the whole week, Finally a critical support level as been found just at the 1.61114 level, Looking at the this level a bounce in price upwards should be expected as buyers step into the market opening their positions, next trading week looks really bullish for EURAUD !
The hammer candlestick can be noticed on the daily timeframe already at a critical support zone ! A bounce to the upside should be expected !
Hammer doji emerging on weekly chart after piercing bottom trendline simply showing bullish reversal signal.
Rst: 0.32 Spp: 0.295 Hammer rise from support level at 0.295, closed at upper BB with surging MACD & RSI indicate the stock may see continue trading interest in coming days.
Bias: Bullish. Trading interest in SERNKOU has been increasing since early Aug as seen by the volume , and SERNKOU reached ATH of 0.980 exactly a month ago, on 4th Nov 2019. The correction following that had been so far healthy; there was a small rally after the price touched the medium period MA line. Now, the candlestick interaction with the key fibonacci level...
Longs Triggered @ Short Target 3 of $6,550 at midnight the night of 11/24/2019. s3.amazonaws.com My initial short targets were based on the 50, 100, and 200 EMA's and although they have changed since my original call back in July; we have (locally) bottomed within $20 of my $6,550 final short target. (Link to previous Bitcoin Short Idea 14k -> 6.5k: ) ...
STRATEGY: S&R Trading Strategy (1247) Analysis 1D: Price still moving inside a well-defined range 1H: Looking at 1H TF, a Hammer was created and it was followed by Bullish Engulfing which act as our ETs See previous post for more details: Action Item(s) - Scale-in as necessary Note: This post is for my personal journal/personal opinion only. Please trade at...
On October 18th, 2019, the FDA approved Amzeeq, otherwise known as FMX101 for the Israel based pharmaceutical company, Foamix. Amzeeq happens to be the first and only topical monocyline treatment to be used on acne patients. In anticipation of approval for this new product, shares of FOMX rallied from $2.53 per share on 10/08/2019 all the way up to highs around...