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The last three candles indicate the formation of a morning star, a strong bull flag. A breakout at the pivot level (P) is required.
USOIL 2019 prediction
Price reacted nicely at Fibonacci 0.618 level
and formed a Morning Star (reversal sign)
it could potentially move towards at least 63.70 this year
or it might even break 2018 high
Suggest to look for buying opportunity
as long it doesn't break below 26.03
Nice opportunity to profit from EDGE.
Price has rejected the lower trendline boundary creating a nice morning star signal.
Now we are in a strong downtrend still so we do want to proceed with some caution. Therefore I recommend taking profits at the 38% fib retracement level as this could very well be a turning point. That's still a nice 17% profit! ...
Good morning all!
A stunning trade setup on Etherium if you get in quick. Price has very clearly found support at 178 and has created a pinbar/morning star signal. This is a very bullish chart price action.
Target : 249 (20%)
On the 1H timeframe on EURUSD you can see that there is a morning star formation, indicating there will be bullish movement coming soon. Place your stop losses 10 or 15 pips below the shadow of the the middle candle.
The price has failed to move above the previous high and has now moved back down, the price has managed to just about break the channel and move below the support level. A morning star has appeared just outside the channel, this may be a signal that the price is going to move back into the channel and this breakout will fade, if the price bounces at this point ...
Currently I'm in July $33 and August $32 calls just waiting patiently through the whipsaw. But technically speaking it looks like DBX needs to clear the 33.23 area in order to really gain some momentum to the upside.
The candle on July 11, 2018 could quite possibly be a morning star reversal if DBX can break out of its triangle. Line in the sand is obviously ...