Looks like GLOW may be signaling a bottom. With a green hammer forming on the daily chart this could be a change in the trend. GLOW has been flirting with sub $.19 but held up well. GLOW has a p/e of nearly 1.28 and total assets of 15.42 mil. Could be a short squeeze coming.
With the aggressive selling after a major breakdown in the FB, we now see an incredible reversal candle (+high volume) on Facebook's most recent trading day. This sets us up for a good chance to make a short-mid term long trade.
The Inverted Hammer is comprised of one candle. It is easily identified by the small body with a shadow at least two times greater than the body. Found at the bottom of a downtrend, this shows evidence that the bulls are stepping in, but the selling is still going on. The color of the small body is not important but the white body has more bullish indications than...
BTCUSD continue to be in bearish market. Market price is down to $8000 and there is probably to test resisitance level at $6000 that is tail of price action hammer a few weeks ago. Even that the resistance level at $8000 seems to be strong but there is investors that are expect to speculate to take profit and they have plan to buy bitcoin at lower price. So it...
The bearish trend on USD/JPY chart is weakening. You can see a hammer candlestick on the 105 area, testifying that it is an important level of support. The options are two now: 1) a momentaneus market range in which the 107.850 level will be the resistance. 2) the breakout of the resistance above caused by strong bulls (such as positive NFP datas) with a...
The bullish hammers of the last few days indicate a trend reversal in TSXV:EMC. Stochastic has been slowly climbing out of the oversold zone and it may just be the right time to buy in. I am hoping to buy in around 1.44-1.45, and I will place a stop one ATR below at 1.31-1.32 which is below their 52week low (hopefully it holds).
Great sign as the last 4hr candle closed as a bullish reversal candle...giving us back to back bullish reversal momentum after the candle before it had closed as a red bullish reversal hammer...with that you can see the current 4 hr candle heading back up to test the green channel trendline again. 3 hours until the 1day candle closes but as of now if it closes it...
1. Bullish hammer at the lower bollinger band followed by lower lows. 2. Stochastic is turning from an oversold position This could turn out to be a big reversal for CS, I can see a move as big 20%. If not that big, CS will be gaining a bit in the next few days at least.
1. Bullish hammer at lower bollinger band on 02/02/2018 2. Higher lows the following days. 3. Price closed strongly on 04/02/2018 4. Stochastic turning upwards from a near oversold zone I identify this as a reversal point for RTI. I expect it to at least reach $1.7 in the next few days possibly climb up to $1.85-2 level by next week.
Hello Traders, Potential short term target for ETC found from technical analysis. Price breakout from a flag pattern with volume confirmation, potential target are highlighted in gold box. MACD and DI+ has also made crossing after the price action bounce off from trend-line and EMA50. This bounce is a confirmation of trend line indicate this trend line is...
These are the "GO" reversal continuation candle patterns I use when I am using the Break-Hook-Go pattern.
Engulfing bullish pattern in FIZZ (and a hammer the day before!). Looks very bullish.
On Friday at 13:40 EST UKOIL bounced off of $61.80 and worked itself up a bit. At 13:40 EST USDCAD reversed as well. A bearish hammer was formed at the upper bollinger band. Short if and only if: 1. UKOIL opens higher 2. Slow stochastic turns down from the overbought zone Short position will be strictly short-term and dependent on the performance of UKOIL.
BTC has had a massive dump recently, as we all know. I myself have been burnt by this, getting too emotional and focusing too much on alt-coins. Mea culpa, mea culpa, mea maxima culpa. All that being said, the best time to buy is when there's blood in the streets, and there's absolutely blood in the streets right now. Looking at a daily chart of BTC we see a...
Quick TA of the falling wedge Red boxes: failed breakouts, as indicated by shooting stars on the candlesticks. Red lines: resistance lines formed by finding the failed breakouts.
Hopefully this shows up correctly on the chart , I tried to connect with a green trendline the bullish volume swell we got today to the biggest one we got in 2017 back on september 15th(which eventually took us to the ATH) . It is currently the same exact volume as it was back then and todays candle is about to close out as a massive bullish hammer. This is the...
Still waiting for a volume boost for confirmation of a valid trend reversal. We didn't get one today but instead we appear to have gotten yet another bullish reversal hammer (in the magenta circle) a good sign even without volume yet that a bull reversal could be likely. the 200 day exponential moving average is still acting as great resistance. Yesterday that...
The Hammer is a classic bullish trend reversal pattern so it's a welcome site on the day chart to us hodlers. However, On the journey from the all time high to where we find ourselves today there's been many a bulltrap and fake breakout along the way. Proceed with caution and wait for a followup candle to close above the top of the hammer for the following day's...