After a long downtrend, a beautiful hammer was formed,the trend reversal was confirmed by bullish candles.
Doubled fake break out at trend/channel line + hammer candlestick pattern as confirmation.
-USOIL SHORT term opportunity (Bearish chanel) -Fibonnacci 61,80% rejection -Bearish Hammer pattern H2
The EUR/USD pair has formed a bearish cypher pattern in the 4-hour pattern. As per the pattern,the pair is expected to make a downside move till the point. An inverted hammer has also formed which suggest the pair is facing resistance. As per our analysis,we expect a short bearish move in the counter.
AUD/USD:- After a choppy week of price action last week, Friday's candlestick closure confirmed a strong bullish hammer , after rejecting major support levels, and broke back above the 0.7400 level. This was critical for the pair as this now provide us with a valid trend direction and trade set up. With multiple confluences aligning, I still favour a run back...
The banks showed significant relative weakness against the market since 2018. While, with regard to the rate hike cycle, put some banks in the portfolio is still one of the major investing ideas. Therefore, this daily bullish butterfly pattern and the daily hammer combination may be a short-term set-up to long C! Without abundant EMA correction rooms, I won't...
In terms of chart, it's a quite fine trade to have a harmonic pattern and reversal sign combination! While, it becomes less attractive when EOSUSD just showed terrible relative weakness among other peers. Therefore, I will only record this trade in TradingView but not very willing to take the trade. Let's see how it goes!
Stock: 3255 Heineken Chart: Daily Period: June - July 2018 Hanging Man appears on June 7, indicating an end to the bullish trend. This is further confirmed with the next day red candlestick close which is lower than the Hanging Man close. Trend then changed to bearish until June 26, which a hammer appeared. This indicates an end to the bearish trend. The...
Basic S/R and candle sticks , Esy to set a stop. Nice targets. As always DYOR , Don't trade if you cant afford to lose , never trade more that 1.5% of your pot
Follow up on my previous idea; To further strengthen the bullish case for BTC on top of a confirmed bullish divergence I covered in my previous post it looks like BTC is forming an Inverse H&S with the right should sitting right on top of an ancient support trendline which started forming all the way back when BTC formed a local bottom Nov 11 (the bcash...
we are yet to see a reversal signal on the daily renko, a decent hammer on this daily would signal bitcoin is back. patience is key
It's a new try to apply harmonic patterns to treasure bond ETF. While recently people are discussing the yields, which is wildly convinced that it led to the Gold's slump yesterday. With this harmonic patterns combination in TLT, and it gave a daily hammer yesterday, it's quite a nice long trade with patterns and reversal sign combination. It worth noticing, not...
In this video I cover a few of the price action patterns that formed last week which became quality trade setups themselves. I also take a look at the most current price action and what it is telling me about where the market may be heading this coming week. I only cover a handful of the patterns as there are many other patterns at play such as rising triangles...
Price continues to consolidate on the daily chart so I take a look at any price action in the hourly charts. I see a potentially bullish hammer setup on the hourly chart off of a key price level. If the candle closes as a hammer and breaks above we may see that next strong bullish move up.
After a strong bull run in the SPY price has been stuck in a period of tight consolidation. We are looking for bullish price action setups so we can get long with the overall trend. While price continued to consolidate today there was a bullish hammer that formed off of a key support level showing buying interest. If price can break above the hammer we could...
I am selling a hammer pattern that indicates a reversal of the price to a down trend. The stop loss will be at the top of the hammer and the gain at the 100% fibo expansion of the pivot.
Weekly: swing started on 22/01/2018 loosing steam. Higher low formed. Last week got rejected forming a bullish hammer off important level that acted as support tested multiple times. Daily: last 3 days of last week were bullish, going all the way to fib cluster formed of the 50% level from last high and 23.6% from 22/01 swing. That's good momentum but needs to...
1. Multiple bullish hammers indicating that bulls are winning at the end of the day. Today, bulls really took over with a big move up. 2. The bullish candles are at PAT's lower bollinger band as well. 3. A slow stochastic is turning up from its oversold zone and there is also a MACD crossover Trade aiming for 1.75 in the next few days.