STOCK TAKING SUPPORT ON RISING TREND LINE MAKING HIGHER LOW WITH HAMMER CANDLESTICK PATTERN ON DAILY AND WEEKLY CHART DIVIDEND ANNOUNCEMENT DATE IS 24TH MARCH RSI 43 Entry and SL available on chart Risk Reward ratio is1:47 educational purpose only!
Hello, everyone. I hope you're all having a great start to the week. Let's analyze the GBPCAD chart and explore a potential selling opportunity in this pair. However, please keep in mind that since we've also posted another idea for EURCAD, it's advisable not to take both of these ideas simultaneously, as it could increase your risk and disrupt your money...
Standard bullish divergence between price and MACD indicator showing potential bullishness in the price, coinciding this divergence with price forming bullish hammer candlestick formation and also getting rejected from 4H timeframe Low, giving higher probability to this long opportunity setup.
Every time we have a consolidation this last year we end up breaking out on rumors, running up higher than necessary, then crashing back down on GOOD NEWS. Last time it was a settlement issuance but things are in a NDA. There is an insider selling on this one but its very low of % compared to what the individuals own. We have a great descending triangle with...
Following a downtrend, where the price action created a series of the lower lows and lower highs, the bulls are increasing their presence in the game and are signaling that there might be a change in the price direction. Thus, a hammer signals a potential change in the price direction, as the bears were unable to follow up on the new short-term low by allowing the...
As we can see stock is trading above 50ema and making hammer candles with good volume. from ATH and rsi divergence stock correct almost 5% And Doji candle on 8th Dec after a downtrend ends and the next candle formed is a hammer candlestick. which is indicating a bullish reversal, Singh. Bharti Airtel Ties Up with Meta, STC to Bring World's Longest Subsea Cable...
This will be my trade setup for 22-May-2023. In previous Session nifty took support at 18100 levels and formed like hammer like candle pattern on 1 D time frame. on 15 TF price is forming LL and HH and there is upward 1st hurdle at 18226 which was near PDC and forming Rising triangle pattern. For trading i will look for following reasons: 1.) If opens flat will...
*Everything is mentioned on the chart. I hope it is easy to understand. *Don't jump in to trade at the beginning of the market. let it get settle for 5 min 15MIN first and judge price action. *Avoid gap up or gap down chase. Wait and trade between level. Note: Trade with strict stoploss. It may or may not hit all the levels. So one can book profit / loss at...
OANDA:USDJPY USD JPY Bullish Trend Start. Bullish Candle Shows in Charts After confirmation and creating support of 133.766 Level.
BINANCE:UNIUSDT Bullish trend start in UNI USDT in 1 Hr TF. Bullish Hammer is showing in the chart UNi break the Previous Lower high and now move upword break the another Lower high.
What Is a Hammer Candlestick? A hammer is a price pattern in candlestick charting that occurs when a security trades significantly lower than its opening, but rallies within the period to close near the opening price. This pattern forms a hammer-shaped candlestick, in which the lower shadow is at least twice the size of the real body. The body of the...
Hi friends. I see about 4 hammers on a strength Trendline and i think price will go to the upper band i have shown on my chart. If the price surpass this 24000 resistance level after a pullback to this level , we will see a huge increase in BTC in coming days. Dont forget we are in a 4H time frame and this trendline is very important. In addition this hammers...
Divislab made classic HAMMER pattern on daily charts & trading strong with good volumes. As long as it stays above yesterday's low consider it as reversal. Could be bought with mentioned stoploss & target. Aggressive traders can add more above 3325 as it confirms 3 candle reversal pattern.
HindUnilvr stopped falling near its 50% fib retracement level of 2417 & made low of 1628 & bounced & making HAMMER pattern on daily charts. Could be bought with mentioned stoploss & target.
TSLA daily bearish hammer at local high pivot, stop loss above previous highs, take profit at retest of the double bottom bottle neck.
The Inverted Hammer candlestick formation occurs mainly at the bottom of downtrends and can act as a warning of a potential trend reversal. After a long downtrend, the formation of an Inverted Hammer is bullish because prices hesitated to move downwards. Sellers pushed prices back to where they were at the open, but increasing prices shows that bulls are testing...
The total evaluation for the LINK asset is bearish, however a sudden dump would almost always warrant a potential re-test of the said lost support. We have 2 confirmation candles on the daily signaling a potential reversal as well as the amazing volume profile range to indicate that we are currently sitting at a valuable support of 6.80-7.20$. We probably wouldn't...
Hammer above the 10, 20 EMA Love the lower wick below bull candles and small upper wick. Target into the weekly 100