$AAPL tends to stall when it makes a piercing or bearish engulfing candle at the high. I am bullish the stock market, however I don't mind a period of healthy pullback and consolidation.
If today closes to make a piercing pattern on $TSLA it might signify a short-term pullback. The stock has had history of breaking to a high and make this pattern then reverse. Long term outlook is still bullish: I believe $TSLA is forming a long base before breaking higher again.
the bulls next? 1) head and shoulders 2) ascending triangle 3) piercing line BUY in bold red line
Candle Pattern: Piercing Pattern Trend: Up Trend Entry: Against TP/SL Ratio Target: 1 to 1 Target TP PIPs: 15 SL PIPS: 15 Fib Entry: .236 Fib TP: .50 Stochastic: overbought Inside EMA/SMA zone: no BB: top Pivot Point: Pivot Notes: Piercing pattern showing up just shy of the R1 pivot point stochastic showing overbought with crossover and dip below 80...
Candle Pattern: Piercing Pattern Trend: Down Trend Entry: With Trend TP/SL Ratio Target: 1 to 1 Estimated PIPs: 15 Fib Entry: 61.8% Fib TP: 76.4% Stochastic: Overbought Notes: Entering within EMA/SMA zone potential 1.3 or 1.6 fib extension to the downside with trend
I strongly believe that the dip is not finish yet and we will see some bounce back from the trendline, but with BTC everything is possible.
So, a strong piercing line candlestick pattern has emerged on the daily chart, a few days earlier, and I wanted to go long, but the technical analysis was still a bit too much on the sellers side, so I entered the 1H chart, and waited for the resistance line breakthrough, before going long. So I went long here at 3936.27 Stoploss: 3200.00 (2 % risk of...
ENTER 47.59 STOP 46.39 TARGET 55.85
This charting shows the bullish breakout idea as I currently can see on the GBPJPY pair. Only IF we get the confirmed breakouts, tests and bull moves this will be in tact. Patterns & Confirmation Free Video Tutorial: www.youtube.com www.youtube.com
The price hit 1137. It's 61,80% fibonacci retracement level. In theory that should point out to the end of correction. Moreover there is Price Action formation called, Bullish Piercing. It's a trend reversal signal. On the 1h chart, there is RSI bullish divergence. My main TP target is 1182
Bullish Piercing Candle at support on above average volume at channel support with momentum divergence. We had a higher low recorded on the MACD histogram as well. I am looking for HAL to retest its next resistance level at $70. With stop losses below the low of Friday the trade gives you a 1.5R.