GAXY - is producing great looking support on the uptrend. After a successful test of 0.035 resistance/support we see a bullish reversal hammer forming. Great opening for the run up to re test 0.050 and beyond.
Watch the structure, it's simple. Netflix prepares next impulse.
- 61.8% fibonacci level
- Hammer and engulfing candle confirmation
Target: Next resistance. Historical maximum
Stop: A few pips under last minimum
Analysis: PLUG never ceases to amaze me. Technically, I think this has more to go. It's set up nicely near the apex of an ascending triangle that has been forming for two weeks. Today's candle showed a hammer formation with buyers stepping up end of day to take back control. However, volume has been tapering lately which is a concern. Either side could step up...
in recent days DCRBTC has increased about 30%, one of the main reasons was definitely the hammer candle at the bottom of the downward trend. as you can see three white soldiers pattern has been shaped. this means we might see 10-25% increase in short period.
Labor days future action seems pretty bullish with world markets very green. AAPL had a hammer candle followed by an engulfing green candle (bullish), followed by a 3 bar play with a continuation green candle (bullish). We did however hit some resistance. If this trend continues, we should very quickly test $130 with a short squeeze, and possibly back to ATH. On...
Nice hammer candle on NI. Will wait for a close above the hammer's upper wick before entering trade. Opting for a more conservative stop loss given historical lower wicks that tagged recent support line.
IBB is forming an ascending triangle, which is a continuation pattern after the breakout.
Important to note the 20sma, which has been very supportive in the trend. The is also some support we can see many candlesticks with bottom wicks, meaning the shorts were met with buyers very quickly.
Trader, there is a Bearish Hammer Candle #US500 #SNP500 #SPX.
Traders! if you like my ideas or have your own ideas to share on this market, comment below so that we can discuss.
The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of...
Although, GA is currently strong downtrend overall, it has presented a current buy opportunity.
The weekly time frame, there was a hugh sell of last week. And after a big push to the downside, this week candlestick is ending in a doji. It has respected and found support at th 38.25 fib level. It appears that it is...