DIA bullish hammer on daily at support, have to be quick. Stop loss below support, take profit at wave 1 of wave 3 downtrend.
this setup is for the future as deepak nitrite forms a wick rejection from its support and ended up forming a hammer candlestick which might indicate a possible upside reversal or else the support will break. But regardless its a decent setup personally and we might see what happens on monday itself. Happy Trading !!!
We are at all time highs with XLU, should've entered at long day bearish candle pull back, but clearing this bearish hammer and locking all this buyers is good enough with me. Not much in our way till MA 100.
Hello everyone, Nasdaq has been trading down this year, but it has made a new swing high and a higher low on daily timeframe after reaching a key zone (explained in the video). RSI is showing bullish signals on daily and H1 timeframes. Buy on the m30, after candlestick signals on Fib levels, and catch your profits! Goodluck, Joe.
UAL three bearish hammers in a row on monthly ))) I mean this beast just want to sink lower into wave 5 of downtrend
One of the ways to determine U.S. stocks and indices’ direction in the long-term is to also know where the U.S. bonds markets are heading. Why? This is because the US bonds, its market capitalization can be as large as all the U.S. stocks market combined; therefore, it is also as important to also track its direction. In the macro trend over generations, the...
- It is a common thing to test the previous all time high (in this case from 2018) on the weekly chart. - Last weekly candle has a huge wick, which is definitely a good sign for all bulls! - 200 moving average is a strong support and the price is currently sitting on this level, which provides us with a good buying opportunity. - 0.382 FIB retracement is also a...
MANAPURAM FINANCE stock is testing the trendline in weekly timeframe. We can go LONG (buy). for confirmation hammer candle is also formed. Do your research! and take position.
On 21 June 2022, Tuesday The NIFTY METAL Index is making a bullish hammer on the charts Suggesting a strong Reversal of 33% from where it is standing right now, If at the weekly closing the hammer sustains. Keep an eye on the hammer, as this can provide a buying opportunity in a strong sell-on-rise market.
Our weekly hammer, as of the morning of June 3, is only 1/4 of the way down between Bollingers. Daily has an engulfed candle. I think it's bearish.
Discussion: 1. 2 rules to draw an uptrend line 2. Primary uptrend line 3. Secondary uptrend line 4. Time for buy Gold? Disclaimer: • What presented here is not a recommendation, please consult your licensed broker. • Our mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and...
Hello traders and investors! Let’s see how the index is doing today! First, it is back to our “neutral zone”, but the reaction since the last bottom was quite strong, and we broke the 21 ema as well. Now, it seems it has only to break the resistance at the 3,979 area in order to fully reverse and enter bull territory. If it drops again, that’s expected, but if...
hi this is my trade on xauusd i seen a bearish channel and price on midline ,also in 15 min chart i seen a reverse hammer so i think price can reach bottom of channel risk to reward +6 dont forget to like and comment below
Hello traders and investors! Despite the volatility, the index did exactly as we described in our last analysis. It hit our target, and it is crashing. Let’s see what’s going on. Yesterday I mentioned the 4,200 as the key point that would bring the index to the 4,299 (purple line). The index hit our target with an incredible precision, just to drop again. The...
Hello traders and investors! Let’s see how the SPX is doing today! First, it is doing exactly what we expected it would, as it corrected in the 1h chart. It just hit its 38.2% Fibonacci’s retracement, and it is reacting now. We talked about this yesterday, in my previous analysis, and the link to it is below this post. This reinforces the reversal patterns it...
Hello traders and investors! The SPX dropped sharply after it lost our support at 4,456, so we have a lot to update. First, as we already discussed in my last analysis, the 4,456 was the key point, and only by losing it, we would see a bearish reversal. I’ll leave the link to my previous analysis below this post. Now the index lost all of its support levels, and...
Bajaj Finance looks good on chart forming hammer on daily chart if by end of the day you see hammer pattern on daily candle then carry your position else exit
A hammer candle has formed on JSE:MNP at a strong support level that goes all the way back to 2015/2016. I think it's possible for a bounce off of this level and a nice upward move from here.