Just now, while I was scanning the chart this afternoon, something caught my attention. It's the Nifty50 or India50 bullish pinbar on the H1 candle. I'm waiting for the close of the one hour chart confirming the formation of the bullish pin bar or hammer. If this market gearing for another new high? To know more about price action trading, kindly visit my blog...
Hello Traders! It's Wednesday today, the last day of the month for January. While I was scanning the charts this morning upon the list of the currency pairs that I'm trading, I saw a possible long trade entry in the GBPJPY pair. As you can see from the chart below, it's evidently clear that this market is in an obvious uptrend since September of 2016...
Looks like the LTC Pennant is about to break to the Upside again? Yes, possibly; it looks like a Bullish Hammer setup...Potential New Highs may be coming this week 12-8-2018 - 12-12-2018?! So far Chart patterns are looking good! ; )
Looks like LTC might finally "Break-Out," to the upside, forming a New, Higher Channel?! Its been nail-biting every since Christmas and New Years! This "Could," be the "Break-Out"!?! I know LTC will BLOW Everyone's Mind this year and Next! : ) Go Long, bought some more LTC today at the current price level $230.
The hammer is a very good bullish single candle stick and we are a few minutes away from this closing. signalling a reversal and a breakout of the wedge for the next 3 hours. good one to watch.
This same setup is occurring in most other cryptocurrencies, BTC', LTC' etc. This trade takes guts and why I call it the Fortitude setup. Go long a break above the high of the Hammer Candle.
If I had a hammer I'd hammer in the morning I'd hammer in the evening all over this land I'd hammer out danger, I'd hammer out a warning I'd hammer out love between my brothers and my sisters All over this land
If this candle was formed after a Friday close, I’d say $BTC would be heading down. Let’s see what the next 2 days bring.
Pretty nice opportunity on german equity market. Daimler's dalily chart shows growing bull's volume, a hammer and a triangle pattern. All togheter these three elements indicate that a bull trend is soon coming, even for the long term.
GBPUSD has a 0.618 retracement after the rally, and it gives a very significant hammer that shows huge buying pressure. Most of the time, I prefer to trade hammer with the breakout strategy. While in this case, the hammer is just too long to trade it directly, so I would more like to wait for the 0.618 retracement of the hammer itself.
BTC broke down below the uptrend support line, and dumped sharply down to the .786 fib retracement area, where buyers quickly stepped in. This buying pressure then formed a bullish hammer on the 4hr chart, which looks a good entry to go LONG toward a new ATH. Previous strong hammer buy signal was very successful on the 18th of October. Enter around 5520 Target 1...
IOTA made two hammers around the 0,786 fibonacci. It is time to buy IOTA. Target will be at least around the old high 1$.
ATVI has a daily gartley pattern after news about the downgrade on concern of Overwatch Esports. It gave a daily hammer while it's not quite close to the gartley entry, so I'd rather to wait a better reversal sign @ 59.50-60.50. 57.50 out could be good enough, let's see how it goes!
Price has reached a new historic high level with a hammer candle.
Almost the entire cryptocurrency complex rebounded today, following two days of heavy selling. The appearance of one of my favorite (and only) chart patterns I pay attention to gives me the confidence to write this note. I've been trading the markets since 1995, and in that time I've realized that there is vastly more "technical analysis" that DOESN'T work, than...
Almost the entire cryptocurrency complex rebounded today, following two days of heavy selling. The appearance of one of my favorite (and only) chart patterns I pay attention to gives me the confidence to write this note. I've been trading the markets since 1995, and in that time I've realized that there is vastly more "technical analysis" that DOESN'T work, than...
JD.COM rallied from 20 to 49 within a year, and after it failed to break 49 fig level in 8/8 in addition to the earnings report in 8/8, it plunged about 20%. JD is one of the most competitive competitor with BABA, as this BABA rocket keeps on surging to the sky, JD should also be attractive to those who are too scared to buy BABA above $165. Based on this bullish...