Compare/contrast to 11/12 June top and throwover. Bearish engulfing candle. Shooting stars. On intraday we saw hanging man twice, and shooting star in SPX 8/.21. Expect imminent throwover to entry on wave C of ABC ZigZag correction pattern within days, after reaching all-time high on SPX 8/21, US 30 25888 at Fibo 0.786 from Jan 26 high. Target 23531. Possibly...
Stock: 3255 Heineken Chart: Daily Period: June - July 2018 Hanging Man appears on June 7, indicating an end to the bullish trend. This is further confirmed with the next day red candlestick close which is lower than the Hanging Man close. Trend then changed to bearish until June 26, which a hammer appeared. This indicates an end to the bearish trend. The...
No wild-eyed predictions here folks, just observations and ideas... maybe, just maybe, we got topping action and what looks bearishly like a head & shoulders triple top in Dow with textbook Hanging Man today and the appearance of another bearish Gartley forming, with left side completed. IF price action confirms this pattern, then the downleg to trendline will be...
On the 3-Day chart: looks like a hanging man candle to me. Would be a good sign for ZEC holders.
What's next? Rising volume with price declining is a bearish sign. We can expect the continuation of downtrend to next support zone, around 8800-9000. Another scenario is that BTCUSD is already bounced back at 9400 level. Please, note that this is Education material, not financial advice. Feel free to leave a comment!
According to candlestick charting criteria, we could determine a few signs of bearish implication (reversal patterns): 1. Hanging man candlestick (could be interpreted as dragonfly doji) 2. Shooting star 3. Double top as a strong reversal pattern (blue dotted line) And an additional bearish sign: 4. A decrease in price volume These are enough signs for pattern...
Simple PRICE ACTION here; On the 4hr is showing troubles breaking the CTL but instead respected it and printed a candlestick pattern known as "hanging man" + "pin bar" rejecting the resistance for a sell #PipKings JOIN US FOR FREE: t.me
$NEO has been on a Bullish streak and we can expect that to continue throughout 2018. However we have a potential Hanging Man on the 1D NEO/USD Chart, signifying a short term Trend Reversal. This minor correction will allow the NEP-5 tokens to bounce back, as NEO is their Primary Pair on Kucoin. If you are invested in $QLC, $DBC & $RPX, now may be a great time...
Bearish divergence. A hanging man candle. Overbought on the RSI and outside of the linear regression channel. Potential retrace to the solid support at the .50 fib and then a continuation to the median of the channel? Just putting my thoughts down on paper as I am new to analysis. I am not an expert. Just studying charts.
This week I have the Cad on my watchlist. This pair in particular is interesting as we have a 6 month bearish trend that has came to and end and began to consolidate. Within the consolidation we have a bearish Butterfly pattern. Price is overobught and also showing bearish divergence. I am taking a bearish entry as the Daily chart i expect will close with a...
-Double Top formed -Fibonacci Golden zone to be reached -RSI/pair divergence -Hanging man formed
Hanging Man candle has formed and a pretty big wick left on previous candle. Price is inside a range. Im thinking that it might drop to the 8.1K area but i doubt it If we see another red candle as confirmation, it might drop further!
- Fibonacci Level Retracement to 0,786 % - Hanging Man - RSI fail to pass over 60% - Double TOP
A hammer candle just formed on the 4Hr chart. Looking to go short with SL above previous swing high and TP around 61.8% retracement.
Last Friday we saw a nice Hanging Man in EURUSD, and it´s of the DXY that made an Inverted Hammer. Because it was Friday, end of the month and in this week we have payrolls and we didn´t had a nice volume (even thought is FOREX), I would like to see a pullback to 1.1280 (but I´m taking the first TP in 1.1270). Depending how it react to the support I would take out...
1. Candle Pattern Bearish Reversal Pattern Evening Star 2. Hanging Man Candle 3. Liquidity BITFINEX:ETHUSD POLONIEX:ETHUSDT KORBIT:ETHKRW
First published idea from an inexperienced trader. as the NZD/USD weekly approaches a close, a hanging man appears to be forming on top of a strong support line, NZD/USD is at it's lowest point for over 12 months. bearing in mind we have the NPF tomorrow so this can go either way and break the support. I am bullish on this pair, I suspect the bullish reversal...
Wait for trend line break and higher high confirmation.