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Rare Engulfing Pattern To Dictate Future Movement For S&P500March 4, 2019 saw an engulfing pattern in the candlestick chart for the S&P 500 . Engulfing patterns are not rare, but one that engulfs the the price range for the prior 6 trading sessions is something to understand. I went back and found this same event (engulfing a minimum of 6 prior trading sessions) has occurred in the market only 15 times in the last 40 years. There are roughly 252 trading days in a year. Multiply that by 40 years and there have been roughly 10,080 trading days in the last 40 years. The event has occurred 0.149% over the studied time frame. This would qualify as very rare as defined by the i-base.info website. Okay so this particular pattern is very rare, but why does it matter? Below are the charts for the most 10 most recent occurrences of this pattern. The critical information in these 10 prior instances are: 1. The index's direction prior to the pattern 2. The direction of the first break from the pattern's range The full-analysis is available at my website. The next few days will dictate the accuracy of my analysis July 2017 December 2013 and January 2014 April 2011 January 2005 - January 2007 January 2001 May 1997 - May 1993 -
SP:SPXShort
by StockSignaler
1
Crude Oil - Bullish Harami?Not a candlestick pattern specialist but looks like a text book Bullish Harami on weekly; the green candle body formed last week is completely engulfed by the red candle from the week before. "The Bullish Harami is a sign of disparity in the market’s health. The market is characterized by a downtrend and a bearish mood, and there is heavy selling reflected by a red body, which further supports the bearishness. However, the next day prices open higher or at the close of the preceding day and the short traders are alarmed. This leads to the covering of many short positions, causing the price to rise further. The latecomers short the trend they missed the first time, and slow down the rise. Thus, a smaller green body is formed. This may signal a trend reversal since the second day’s small real body shows that the bearish power is diminishing."
TVC:USOIL
by Joseph_King
XBT/USD Moving Average Breakthrough for Reverse Candlestick Moving Average is White Bar Hello, if we go back to 2017/11/13 and see the moving average, we can see that it is the first time since bullish breakthrough, since maximum record we see the candle stick are moving in a reverse position. Since 2018/01/15 we see prices going below moving average. I think this is the first major signal of bearish market and prices falling to the Supports at 8000 and 5800. The 10k Support i think is a fake support as i saw order books and just seemed to be triggered by scalpers or orders placed beforehand. If the BTC Price go below 10k i want you guys to check for 8000 S1, and 6000 as S2, should it continue moving downwards i want you to check the 3700 S3 area. However this escenario can only happen in the most extreme of circunstances... Scenario 1: Price does not go below 10k, and BTC price recovers up, if this is the case, 12.8k R1 would be a nice indication of bullish pressure being too great. ... Somewhat Likely Scenario 2: Price goes below 10k, next support level is 8k. This is an excellent time to buy.... Very Likely Scenario 3: Price goes all the way up to 6k, this i think is an extremely strong support, anything below this could indicate a huge market correction.... Somewhat Unlikely Scenario 4: Price stays all the way to 3700 area. Extremely Unlikely Scenario 5: Below 3700, Start panicking (lol) or wait to buy in the 1200 area... Extremely Unlikely P.D. This would be a short strategy, i label it neutral, because shorting on BTC is a bit suicidal... Disclaimer: I am not a professional trader, i am not responsible for any losses you may incur, only invest money you are willing to lose. If you like my ideas, follow me here or on my youtube channel. www.youtube.com You can also see this idea on video here... www.youtube.com If you want to start trading at a good crypto exchange and support me in the process Visit bit.ly
BITMEX:BTCUSD.P
by Swimcito
Candlestick Reversals vs. IndicatorsA simple question to think about. Do indicators make charts too confusing, have mixed success, and ultimately fall victim to whipsaw with an occasional big winner? Would it be better to use an indicator free daily chart and just observe the buyer and seller psychology that candlesticks offer? Candlestick patterns are powerful. Especially when you observe them around areas of price congestion, support or resistance. I would love to hear some opinions on these questions. For and against my thoughts.
COMEX:HG1!
by andrewtreilly
Multiple Confluences, Should Think about This. Confluence is the combination of multiple strategies and ideas into one complete strategy. Confluence occurs when two or more separate ideas or strategies are used together to form a comprehensive investment strategy that is in line with an investor's risk profile and goals. Confluence 1- It Looks Double Bottom in Support Zone. Confluence 2- Candlestick Confirmation Tweezer Bottom-A tweezer is a technical analysis pattern, commonly involving two candlesticks, that can signify either a market top or bottom. Tweezer bottoms are considered to be short-term bullish reversal patterns, So stop is very less and Trade is looking Pretty good. which should be below 580 WCB. All the best. Gratify if you appreciate the practice then you can like it, share it and If you want me to investigate any chart for you then would cherish doing that for you. Thank you for your time and support. Stay safe.
NSE:HOMEFIRSTLong
by Anany_shringi
CAD/JPY (1h Chart): Why AM I SELLING!!! Reasons why I'm selling There's an initial breakout of the 1h upward trendline. Price closed below the trendline. When you look at the downward trendline drawn from the weekly timeframe it shows clear signs of a fakout taking place, price broke out for two candlesticks and is now forming a bearish candlestick hence I believe it's a fakout on the weekly confirming our sells on the 1h chart( Multitimeframe Analysis). Stop loss is set a little high to avoid being stopped out should price retest the previous support now potential resistance and the new downward trendline. Risk : 21.7 pips Reward : 118.7 pips Please share your comments on this idea and follow for more quality ideas!!!! Please like if you agree with the idea!!!
Short
by DrSwing_Forex
Monthly Analysis: Binance - This is the bottom.A buy signal cannot be more obvious than this. - Connect the Low to the High of the 22 month bullish wave. - The 20 month bearish wave just ended in the perfect convergence of Candlesticks and Western Technicals to give a buy signal. - A Hammer candlestick signal creates horizontal support at the low of the pattern at 0.00102. Not only did this occur on the low of the Bollinger Band, signaling that the asset is oversold, but it also occurred exactly at the 78.6% retracement of the up-wave. - Remarkably, there is a convergence of strong Western Technical sell signals. The high of the Bollinger Band lines up with the Tom DeMark TDST resistance line. - Assuming an uninterrupted DeMark bullish wave, I see this asset being bullish until approximately October/November of this year. Technical Analysis of Bitcoin appears to be quite the inverse of this. Whether or not you believe that Bitcoin will go higher or lower, confidence in the stability and security of the reputable Binance exchange makes buying the Binance token BNB an easy long.
Long
by zerocashcool
2
Chainlink - Will it reverse? Signs point to staying in channel.So far, on the 1W, 1D, and 4H charts, and we see the same patterns emerge. We see a bearish reversal candlestick pattern at current level now, which needs to be confirmed near area of value (this could be a fibonacci resistance level, or a current trendline). So we will pay attention to the candlesticks between $11.50 - $12.25, and if we see any pattern emerge that looks like a pivot point or a reversal pattern, it may be time to act. From what I can see, the long term channel is unlikely to reverse, so we should see it stay within the channel, but beware of any changes in the structure - accompanied by a reversal pattern, this would be a reason to be worried about a reversal. Another view from previous hours in the same trend channel.
COINBASE:LINKUSDLong
by Shwayze
1
Possible BNB drop [1D timeframe] [SHORT] ** See more below- Volumes are not enough to break the previous resistance, that's why in the past three days we have seen two strong resistances at 11.6$ which were not broken. - If you look at green candlestick (1D timeframe), you will see that always, after 4/5 candlesticks the price recorrects itself by dropping. We are now at 4th. - By looking at the green lines on the graphs, the uptrend follows a logic, which suggests a drop - The main trend-line is almost in the "blu zone" with Fibonacci. For these reasons I do not think it will go up now, but will drop and reach the heart point (about 10.5$), to recover after some day. Be carefull guys.
Short
by AlexisCrypto
2
A Response To DLavrov Crypto is an unregulated and manipulated market - This cannot be honestly disputed Based on my personal analysis of 1W BTCUSDT BITTREX , I think that the entire price movement from January 28th to present day can be precisely explained based on the Tom DeMark indicator . I don't want to be a person who vandalizes Top Authors' Trading Ideas by posting my own charts in the comments section as a way to advertise my ego, so I will describe in words the Tom DeMark algorithm and why price action was predictable. This will be a long post. First some back-story: The reason that we use candlesticks on charts is because of Steve Nison . He is the father of Candlestick Analysis. Steve Nison in his seminars teaches about "trend exhaustion" . What he teaches is the work of Tom DeMark. What I'm about to explain is information which is known to the richest institutional traders in the world. There are large organizations who specialize in and only trade based on Tom DeMark's work. I begin: Tom DeMark developed an algorithm, a specific set of rules which predictably identify points of TREND EXHAUSTION in charts of all time frames, across all markets. The algorithm and psychology is thus: How To Identify Trend Exhaustion: 1) Identify a SETUP where 9 ***consecutive*** candles close higher/lower than the open/close 4 periods earlier. [ MOMENTUM ] 1) (Expect a 1-4 candle correction in the opposite direction of the momentum.) [ CORRECTION ] 2) This MOMENTUM creates a COUNTDOWN (TREND). After the 9th candle, identify 13 additional candles (they do not need to be sequential) whose close is higher/lower than the open/close 2 periods earlier. [ TREND ] 2) (The TREND which was created by the MOMENTUM of the SETUP has exhausted itself. Expect a correction in the opposite direction of the trend.) [ EXHAUSTION ] TL;DR : This recent price action which we observed on the 1W chart was caused by a chain of events begun on May 14th 2018. Events: 1) Tom DeMark Sequential on May 14th 2018 identified a period beginning 9 consecutive days of bearish MOMENTUM. 2) This bearish MOMENTUM exhausted itself on July 09 2018 and culminated in a +34% price correction, ending 3 periods later on a Bearish Engulfing Pattern. 3) The Tom DeMark bearish COUNTDOWN began on August 06 2018 where for the first time price closed lower than the candle 2 periods earlier. 4) The Tom DeMark bearish COUNTDOWN culminated on the 13th close lower than the close 2 candles prior, on January 28th 2019 . This completed the Tom DeMark SETUP+COUNTDOWN and indicates an end to the bullish trend which began on May 14th 2018 . 5) What followed immediately thereafter was the +10% move which 3 periods later peaked at $4,200 . What should we expect now based on Tom Demark analysis? By my interpretation, I anticipate a period of 5 MONTHS of a bullish trend on 1W charts, completing a Tom DeMark 9-13-9, and expect a pullback at this point, April 01 2019. Summary: I believe that this price action occurred in an unregulated and highly manipulated market but that based on Technical Analysis using the Tom DeMark methodology, this price action was anticipated and acted upon by BIG MONEY INSTITUTIONS and traders who specialize in this indicator. In a field which encompasses everything from Ascending Triangles to Heikin Ashi Candles, Gann Boxes to Fibonacci Retracements, Short Positions, Long Positions, Leverage, Market Fundamentals, Elliott Waves, and flying Bitcoin rainbow unicorns, there is no one trader who is a master of everything. I WISH TO LEAVE ON THIS POINT: Some of you may have found my analysis informational and will use this knowledge to further your trading education to increase your profitability as a trader. To those of you, you're welcome. I share freely from the kindness of my heart and sharing knowledge lightens my soul and makes the world a better place. To those of you who have not found my analysis informational, I do not think that you will berate me and inundate me with insults as I have not offended you. I ask you to heed my words: Dmitriy Lavrov is a kind and beautiful person who for years has shared his hard and costly knowledge with the TradingView community for free . He posts Trading Ideas because he wishes to help people improve their lives . I have the great honor to work with Dmitriy on the personal community which he is building and I can tell you first hand that he is a rare and trustworthy, kind and humble, honest and beautiful man. I ask you to please stop being negative and using his TradingView comments section as an emotional garbage can . He is a human and like all of us he has feelings which he must live with every day. It is a finger in the eye and a punch in the stomach to do something kind for people for free and to be insulted and injured for it. I ask you to please reflect on your poor behaviour and stop. Thank you for your time. I encourage you all to study Steve Nison and Dmitriy Lavrov to become expert traders . Farewell. zerocashcool
BLong
by zerocashcool
9