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.
Bollinger Bands Price is in between the top and bottom bands. Mild Volatility. Wait for bands to tighten up. StochasticRSI StochasticRSI is around 63. Potential bullish move ADX ADX at ~30 indicating this downtrend still has some steam left. Price may continue its trajectory down before it breaks the wedge. MACD Possible bullish divergence on the MACD if...
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...
Almost all cryptocurrencies are giving us red numbers. Pure analytically; could we've seen this coming? Actually, the answer is yes. After the reverse head and shoulder (see previous post) and an ascending price line BTC has touched the descending trend resistance line again. This together with an overbought StochRSI (1 day time frame), a very nice hammer shaped...
SSl recently has been recovering from a market correction. However, even tho the coppock curve and the ADX are saying this could be a buy, I see a hammer candlestick forming. This shows that the prior trend could be changing. So, I put a short position below the 50 MA. Also, volume seems to be decreasing.
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.
See screenshot for better view (Note, this is just for grins; has no bearing on trends)
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.
Bulls are taking over. Indicated by the strong bullish hammer and stochastic turning from the oversold area. Added in MACD to further enforce the arising bullish trend. Shows signs of being a good growth stock but definitely worth swing trading over the next two weeks.
Price came down to its daily uptrend line to make a higher low, rejecting the 50% fib level & forming a hammer candle above a strong key support level, I believe price will make its way up to make a new higher high & continue its uptrend..
I'm looking at a Bearish Cypher Pattern on FOREXCOM:AUDCAD , which after weeks of watching and waiting has just completed today on the Daily Charts. This is a short term play so we can anticipate a week or more to targets if the pattern plays out as anticipated. Having been in consolidation since September, price action broke to the downside support of the...
10:1 RR risk 30% gain 300%? Williams Trader says enter, the volume is gaining rapidly as we break the hammer candle pattern level, plus the BO of the purple mid line of the fork looks like a great upside signal. TP at the top lvl (100%) SL if we close below purple lvl (50%); another way to trade this is wait for double up and sell half to get back initial cost....
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.
Hammer to 50 fib / support, Still in an uptrend on the weekly making higher highs & lows. I entered already & will add positions after the break of the counter trend line / resistance.
EURUSD > 10/15-20/17 Trade Analysis Timeframe: 1W Previous break of strong Hammer signals possible very strong bullish trend to continue up to 1.21000 level. Firm break and hold above 1.21000 expecting further rise to 1.25000 level where fall is expected to begin toward 1.167000 level. Current expected closing price @ end of month is now projected near 1.19000...
Price has reached a new historic high level with a hammer candle.
I expecting pair to meet 200 ema again. I think pair will be stopped by 200ema and this is the time I will be looking for short position. My TP is 1.2254. I almost certain like most traders here that his pair will reach 1.200 sooner or later but currently can't find good entry point.
Price made a false breakout once the market opened but came back into its channel. Price looks to be making a hammer candle rejecting supply zone. If price can manage to stay within its channel I will be looking to go long. Entry would be at the pink lines, and I have one set for both directions. We will see how the euro comes out this week & Aud news tomorrow....