Adjusted trendline on H4 as a bullish harami pattern formed which respected the new trendline. Sellers were pushing the market lower until price started to climb again after the formation of the bullish harami and the trendline being respected indicating that sellers are loosing power. Temporary move to the downside doesn't necessarily mean a change in direction...
BTC just made a pullback to neckline of the major Head and Shoulders formation on macro. Now, the price action is abandoning the distributive structure with weak volume, due to a micro H&S.
Points of interest
We can see on this chart levels to be watch in a potential swing downward. BTC has been trading in a choppy structure, consolidating within a ending...
• Yesterday, TSLA did a bullish candlestick pattern, a Harami, just above the support level at $110;
• This is the second Harami we see. Usually, Haramis aren’t strong reversal patterns, and even when they get triggered, they are poor performers. Unlike the previous one, this time the pattern wasn’t even triggered;
• This indicates that the trend is still bearish,...
Good morning!!! Wow....just wow. What a day yesterday. Caught me way off guard, that's for sure. The CPI report really just lit the markets on fire bringing it back to that upward channel from the October 13th low. A few days ago I was already mentally preparing myself that this market could go touch 4000 or even 4100. I just wasn't expecting to get there so soon....
Things have gotten very over-sold for the major indexes and the stock market as a whole but there are things on the macro charts showing that there are incoming winds of potential change.
4th quarter is always a major time for retail and earnings so these are possible factors as well but if we keep simply to the charts on the weekly, we will see that price action...
NIO Cars Have Four Wheels & A Double Bottom?
I am confident that NIO vehicles have four wheels and a double bottom pattern on the daily chart.
Expected move-From the neckline to the peak of the pattern is approximately 10 bars or 10.99 ticks.
What confluences further influenced my position on NIO?
-9 MA approaching the 21 MA for a crossover
-Broke above...
ishares Trust iShares U.S. Transportation ETF AMEX:IYT
I am bullish on IYT because I've identified a Bullish Harami pattern on the daily chart. Furthermore, we have several confluences on the MacD, RSI and volume indicators.
-The signal is crossing up like A.I. (Allen Iverson) on the MacD indicator
- The RSI indicator is pointing up
-The OBV indicator is...
There's a short trading opportunity for the CHFJPY currency pair as shown by the fakeout demonstrated by the bearish harami candlestick pattern slightly above the 134.650 horizontal resistance level. A reward-to-risk ratio of 5.51 is possible if you get into the trade early enough; stop loss is at 135.523 and take profit at 129.261.
Palm oil prices closed higher and back to the range of 4700-5200.
Several Factors that make the palm oil prices back to the range of 4700-5200 as below:
1. Weakness in soybean oil after US raised proposal to scale back biofuel blending mandates
2. Shortage of Workers due to coronavirus pandemic & higher cost of recruitment as palm oil producers make changes in...
Hi All, my main 3 take-outs from this analysis are the following:
1- Despite the huge volumes in the recent drop, I personally feel like this might be a bear trap
2- Inside candle pattern which might mean reversal anytime soon
3- Big descending wedge on the daily chart with take profit projection at all time high.
Not a financial advice, just personal opinion....
Hello traders and investors! Let’s see how PLTR is doing today! We had a Red Monday yesterday, and PLTR crashed along with the rest of the market. Now, what’s for us here?
First, let’s keep in mind that PLTR just filled its gap at $ 23.19, and now we have the beginning of a bullish reaction. This candlestick pattern could be a Harami, which is not the best...
Hello traders and investors! Yes, AMZN did exactly what we expected, after it confirmed a top in my last analysis. Now, what to expect here?
First, despite the drop, keep in mind that we just hit a Dual-Support level in the daily chart. The first one is the 38.2% Fibonacci’s Retracement , and the second one is the 21 ema . In our last analysis, we set a...
Hello traders and investors! Let’s see how NIO is doing today!
We have an important bullish structure in the 1h chart, and this could make the difference for the short/mid-term. NIO is triggering the bullish pivot point at $ 37.89 , and if we close above it, we’ll see something new, something NIO hasn't done since it started its fall from the $ 46 area.
We...
Hello traders and investors! Let’s see how NIO is doing today!
First, NIO defeated the purple trendline , breaking the bear trend seen in the 1h chart. But there is no bull trend yet , as we have no higher highs/lows. But we have a pivot point at $ 34.15, and if defeated, this will be the beginning of a new bull trend in the 1h chart, which could spread to...
Hello traders and investors! Let’s see how SNDL is doing today! Since our last analysis, it didn’t move much, but on the bright side we still have some good stuff going on here. Let’s talk about it.
First, it seems the support level around the $ 0.95 is working as a nice support level, indeed, as we already expected weeks ago. It did a good sign on April 8,...
