After retracing 61.8% of the recent AB up swing (that lasted 2 months from 17 June to 16 Aug), the market finally seem to be finding support yesterday, forming a bullish pin bar and a potential bullish divergence between price and stochastics. However note that a bullish divergence usually signify a SHORT TERM trend reversal (lasting only several candles) and may...
Price is in structured downtrend and it formed breakout + retrace formation and expecting to reach 0.794
So previous idea on ETH went perfect! (Check it if you haven’t seen it yet) Following the analysis,we notice a pinbar candle on 4H ETH chart on demand zone which could lead to higher prices.but since the ascending wedge I told you about it the previous idea broke down,every upside is considered a pullback and an opportunity to sell or short.good luck all!
I've identified a high probability setup on Cisco Systems (CSCO). Confluences-The daily chart has a bullish pin bar on a support level and on the 20 EMA! *This is not financial advice. I really like this trade setup for this week! Loved and Blessed, MrALtrades00
Its about time. Potential Move to 0.60000 to complete cycle of Quarter Levels. Have posted this severally and was waiting for a confirmation. Current reversal level has seen price break the Monthly High Price and pull back. This could be a Fake move to induce Long position since the Monthly Bar just closed was a PIN BAR. A high chance that retail traders will...
Market is ranging quite long time and still it is part of uptrend move. Two days before market printed the Bullish Pinbar and expecting to go further high.
The basic idea is that some pin bars will retrace to around 50% of the tail, so we can look to enter there with a limit order. This provides a tight stop loss with our stop loss just above or below the pin bar high or low and a large potential risk reward on the trade as a result.
It is likey the low of 49.66 hit on 12 May is "the" low for now as we see a bullish pin bar has formed on the monthly chart on relatively high volume. Now appears to be forming the right shoulder of a Head and Shoulders pattern with neckline around 78. A breakup of this neckline (preferably on relatively good volume) will likely mean the stock has turned the...
- As per my Elliott Wave technical analysis - it looks like the massive impulse wave can be completed and we are now headed to a retracement. - On the weekly chart we have a shooting star - bearish candle with a long wick ( PIN BAR )! - If we take a look at the RSI indicator on this chart, we can see a bullish divergence , which is a pretty strong bearish...
Powerful Pin-bar Shooting Star. Price Below The Ichimoku Cloud - Tested Return To Cloud And Was Rejected. A Veritable Forest Of Long Upper Wicks. Bear. Drop Of Price Imminent.
GJ produces a lovely pinbar, Oil is rising and we can buy GJ and aim for considerable rises. Best of Luck.
We are at a supply orderblock which caused a break of structure below. Upon reaching the orderblock, we saw a pinbar + inside bar combination pattern. Not only that, we are reacting to the upper parallel line of the pitchfork. We can target the imbalance and equal lows liquidity below.
SPX appears to be finding support around 3800 with last Friday closed way off its intraday low, forming a pin bar of sorts. This is an intermediate support (which is the 38.2% fib retracement of the major AB (covid crash recovery swing) swing up. A short rebound from oversold position will not be unexpected. However there are a number of near term resistances...
Bulls Have Power & Charge Like SPWR Power! Bullish pin bar at support on SPWR! Safe Entry 16.60 Why? 16.60 is .15 cents above the head of the pin bar : ) Contract 17 C or 18 C and set my expiration date out 2 weeks from entry date. Stop loss 14.93 Expectation move Approx 20.86. ...
Hello everyone In the past couple of days we have seen a new face of the crypto market. Daily chart of BNBUSDT shows,a bear trend taking place and for today's bar so far we have a pinbar. Now you may think "It's a good time to buy", NO.After a bear trend this steep, with this much volatility and fear? Anyway,pinbar is a good signal but a really bad context.In...
BTCUSDT potential inverted Head and Shoulder in a expected swing upward on this bullish oversold momentum. Pinbar bottom daily formation.
Price has broken a major support area and below the 8 period moving average. Bearish Pinbars also showing on the daily timeframe. Selling this pair as a swing trade.
Possible weekly close pinbar target at 33k on this swing beartrend leg down based on Fibonacci ratio with AB=CD Gartley pattern.