Most of us will spend about 90% of our time thinking of what to buy and at what price we should get in. In fact, that is only 10% of work done.
Focus on this scenario instead - “After getting into a position, how are we going to manage it with either a calculated loss when market go against us or how should we take profits when market perform better than our...
Stay-tune for the video version shortly, we will do more in-depth study.
Micro E-Mini Nasdaq Futures
Minimum fluctuation
0.25 point = $0.5
1 point = $2
10 points = $20
100 points = $200
Disclaimer:
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Hanging Man
and...
Inverted Hammer
Beside each other...
Choose your side wisely! (I set this trade idea as "Long" if we hold this break in market structure @ 1270 area).
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...
Here we can see the formation of an inverted hammer which is usually called as a shooting star. This generally appears in a bullish run and indicates a reversal in the trend. The very next candle is a conformation of the shooting star. If someone had taken an appropriate put trade they could have easily gained 454 points.
We had a good bullish run lasting almost 2 month before ending in a rather brutal sell off last Friday. The weekly bearish inverted hammer candlestick suggests we could have potentially more downside in the coming days/week (unless negated by a rebound that took out last week's high, though the odds look slim at the moment).
However, whether we have turned...
The market has been moving higher nicely over the past few days, particularly in growth and tech stocks, however, throughout today's session we saw that momentum reverse with a large number of outside reversals and stocks trading from green to red.
Most short and medium-term trends remain in tact higher.
BTC is about to begin a bullish rally and here's why:
Looking at the graph, we can see a candle with an extremely big wick pointing upwards has formed (A.K.A. Inverted Hammer). There are also other reasons why it's about to happen. They include:
- Price hitting the 200 EMA and not crossing
- Price hitting the 61.8% fib line
- The downtrend is losing its...
- CAD/CHF is trending towards the upside on multiple time frames following moving averages.
- We are seeing a bullish engulfing candlestick closure on the 4-hour chart, and an inverted hammer pattern on the 1-hour time frame, indicating buying pressure.
- The overall trade setup, has the potential to reach around 100 pips because of a potential monthly resistance re-test.
WEEKLY (W1) $
Last week price action triggered an INVERTED HAMMER PATTERN, which usually should be seen as a bullish warning signal; nevertheless, in this case, I would remain very cautious before to conclure that the downside pressure is over and we can see a STRATEGIC TREND REVERSAL ; the weekly closing level @ 38'438 was below the TENKAN-SEN !
Indeed, the...
Looking briefly at the WEEKLY picture, a potential INVERTED HAMMER is in progress which usually is considered as a REVERSAL PATTERN (Wait weekly closing for confirmation of this pattern)
In addition watch carefully the bottom of the weekly clouds support area @ 37'516, already tested once this week; a failure to hold above that level on a weekly closing too would...
Hi traders,
THE STATEMENT
Here you have a quick scalp idea on FX:EURNZD , using H1 for directional bias and M10 for execution.
THE PLAY
On H1 time frame, there is a bearish RSI Divergence forming since 14th of January 2022. However despite the RSI Divergence, there is no other confluences indicating a reversal (no Break of Market Structure or ...
STORJ has now recovered with bullish candles from a downtrend after a bullish divergence appearing on 12hr and 4hr timeframes.
Storj is currently holding on to EMA50 and aiming to take EMA200.
Ichi span has exited out of a downtrend channel but still aiming downwards meaning it's too soon to enter this trade.
The recent buy-volume has secured Storj a double...
