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INDIGO - Bullish Consolidation with VolumesNSE: INDIGO is closing with a strong bullish consolidation candle supported with volumes Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days. The stock has been consolidating for the past few days which is indicating demand. One can look for a 8% to 11% gain on deployed capital in this swing trade. The view is to be discarded in the event of the stock breaking previous swing low. #NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade Disclaimer: This is for educational purposes only.
NSE:INDIGOLong
by BrahmaBull31
1
S&P 500: Shooting star + bearish divergence RSIThe trading session on December 13 was full of important technical signals for the S&P 500 index ( US500 ). After the release of a lower-than-expected US CPI in November (7.1% vs. 7.3% expected and down from 7.7% in October), the SPX surged to 4,137 points; however, the price action reversed sharply following sellers' profit-taking on the good news and in anticipation of the significant risk posed by tomorrow's FOMC meeting. The Fed might save hawkish surprises that are not currently priced in by the market, which has factored in a terminal rate of 4.8% in May 2023 and more than 50 basis points of cuts in the second quarter of the year. Technically speaking, we are seeing key signs that can indicate that the bear market rebound has peaked here and lacks the conviction to continue further gains. A shooting-star candlestick has formed on the daily chart, which might imply that the short-term trend is about to reverse. A bearish divergence RSI signal, further supports the November bull trend reversal theory, as the oscillator failed to update new highs when prices did.  Additionally, the S&P 500's positive price action was unable to surpass the critical 50% Fibonacci retracement of the 2022 low to high, indicating that the major bearish trend is still in place. Hawkish shocks from tomorrow's FOMC meeting might cause the SPX to retest support at 3,900 points, with the 50-day moving average (3,860) functioning as the next target.
CAPITALCOM:US500
by Capitalcom
US 10-Year Treasury Yield Bullish Engulfing in Focus Before FedThe US 10-year Treasury yield left behind a Bullish Engulfing candlestick pattern on the daily chart this Friday. This is as the bond tested a rising range of support from August. A turn higher from here could open the door to revisiting the October high of 4.33. Otherwise, breaking lower exposes the 50-day Simple Moving Average, which could reinstate the upside focus. All eyes next week turn to the Fed, which is expected to deliver a 75-basis point rate hike. The focus will rather be on their language going forward as markets increasingly expect moderation. TVC:US10Y
TVC:US10Y
by QM_Dubrovsky
Intermarket Signals for the S&P 500As most people probably realize, the S&P 500 had a dramatic reversal on Thursday. (The 5.6 percent range from low to high was the biggest since March 2020, according to TradeStation data.) Today we’ll consider some intermarket patterns on other charts. First is the U.S. dollar index. The greenback’s relentless advance has plagued the bulls for most of 2022, especially in recent weeks as the EURUSD pair broke parity. But something interesting could have begun on September 28. That’s when DXY was unable hold a new multiyear high and then broke the previous session’s low – a bearish outside day. A similar candlestick appeared on October 13. Both are potential reversal patterns. Also consider this month’s lower high. Has the U.S. currency peaked for now? Second, the 10-year Treasury Yield remained below long-term resistance around 4 percent despite last week’s inflation reports exceeding forecasts. Has TNX reached an intermediate-term high? That could be another potential positive for equities. Third, “Dow Theory.” The Dow Jones Transportation Average made a higher low this month despite the broader index making a lower low. That’s a potentially bullish “non-confirmation” of the new low: Intermarket signals like these matter less than price action on the primary SPX chart. They can take time to play out but could be positive. Traders may want to review them, especially with the calendar of events shifting away from inflation and toward company news. TradeStation has, for decades, advanced the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more. Important Information TradeStation Securities, Inc., TradeStation Crypto, Inc., and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., all operating, and providing products and services, under the TradeStation brand and trademark. You Can Trade, Inc. is also a wholly owned subsidiary of TradeStation Group, Inc., operating under its own brand and trademarks. TradeStation Crypto, Inc. offers to self-directed investors and traders cryptocurrency brokerage services. It is neither licensed with the SEC or the CFTC nor is it a Member of NFA. When applying for, or purchasing, accounts, subscriptions, products, and services, it is important that you know which company you will be dealing with. Please click here for further important information explaining what this means. This content is for informational and educational purposes only. This is not a recommendation regarding any investment or investment strategy. Any opinions expressed herein are those of the author and do not represent the views or opinions of TradeStation or any of its affiliates. Investing in cryptocurrencies involves significant risks. Please click here for TradeStation Crypto’s risk disclosures on investing and trading in cryptocurrencies. Investing involves risks. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options, futures, or digital assets); therefore, you should not invest or risk money that you cannot afford to lose. Before trading any asset class, first read the relevant risk disclosure statements on the Important Documents page, found here: www.tradestation.com .
SP:SPX
by TradeStation
LINKUSDT Monthly Inside Bar ZoneLINKUSDT price action is now returning to the Monthly Inside Bar Zone after rejection from neckline of the Head and Shoulders Top. I'm expecting a swing downward to fill the gap below the weekly volume POC by least at Monthly Inside Bar open level. This level seems to be a psychologic key level for traders that waiting for long positions opportunities. I'm considering, if price reaches this zone at the time of the US Market open, a strong pullback can occurs. Then a 2nd touch to superior trendline will be expected. Due to the bearish tendence of US market, specially after S&P500 made a lower low invalidating a possible double bottom, more lows can be expected. LINKUSDT will remains bearish below weekly volume POC @ USDT 7.00 zone when entering in a daily bearish momentum with a weekly candlestick bearish close. 2 weekly candles downward can be form a right shoulder on 1W chart due to a Butterfly as showed on comments below. Then a potential breakout from this monthly Inside Bar will be the frontier for bears to project new bearish impulsive wave. Oscillator: Fisher Transform H4 and 1D timeframes
Short
by firmestudio
💵Euro/U.S.Dollar💵Analyze (10/03/2022)!!!Euro /U.S.Dollar moved as I expected ✅👇 Now, Euro /U.S.Dollar is running near the middle line of descending channel; at the same time, it was able to make an Evening Star Candlestick Pattern (reversal pattern). I expect Euro /U.S.Dollar will touch the lower line of descending channel at least. 🔅Euro/U.S.Dollar Analyze ( EURUSD ) Timeframe 4H⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
2
ADAUSDT Now BEARISH🐻Future PARABOLIC🚀Hi Traders, Investors and Speculators Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. Daytime job - Math Teacher. 👩🏫 A detailed video update on Cardano / ADAUSDT with 4 confirmations why I am leaning towards the bears SHORT-TERM : 🐻 Technical Indicator Phoenix Ascending which contains the LSMA , EMA and RSI , 🐻 The Candlestick Analysis , 🐻 Support zone and Resistance zone analysis, 🐻 The Bollinger Bands. Considering that these four methods of speculating short term price action are all pointing bearish, we also take a look at the next possible bounce/ support zone for ADA. NOTE that even though I am bearish short term, I do still believe that this makes for an excellent accumulation phase price . From these levels, the price can likely go PARABOLIC after after finding a bottom as it has previously after reaching lows. Some altcoins do rally untimely during a bearish market, but it is usually the smaller market cap coins / micro caps that have mini rallies whilst BTC trades lower. Here are a few that I'm watching : _______________________ 📢Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎Hit like & Follow 👍 We thank you for your support ! CryptoCheck
Short
by Crypto-Check-
27
US Dollar Reversal Signals Brew, But Will the Key Uptrend Hold?The DXY Dollar Index confirmed a breakout under a near-term rising trendline from August as prices confirmed a Bearish Engulfing candlestick pattern. This might open the door to some weakness in the near-term. But, will the dominant uptrend hold? Keep a close eye on the 50- and 100-day Simple Moving Averages (SMAs). These could reinstate the dominant upside focus. Resuming the uptrend entails clearing the 78.6% Fibonacci extension at 110.9316. That exposes the 100% level at 112.643. TVC:DXY
TVC:DXY
by QM_Dubrovsky
💵Australian Dollar/Japanese Yen 💵Analyze !!!Australian Dollar/Japanese Yen was reversed from the top of the ascending channel by a Shooting 💫Star💫 Candlestick Pattern. I expect that the Australian Dollar/Japanese Yen will go down to the lower line of ascending channel. 🔅Australian Dollar/Japanese Yen Analyze ( AUDJPY ) Timeframe 1H⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
6
CANDLESTICK PATTERNS BASICS | Engulfing Candle 📚Hey traders, In this educational post, I want to discuss with you one of the most accurate REVERSAL candlestick patterns - the engulfing candle. On ETHUSD chart, I spotted for you bullish & bearish examples of this pattern. The logic behind this pattern is quite simple: ⭐️In a bullish trend, after a strong directional movement, the price reaches some important structure level. Growing steadily and forming a sequence of green bullish candles the price suddenly forms a strong bearish candle. What is particular about that candle is the fact that its total range (distance from the wick high to wick low) & body range (distance from body open to body close) exceed the ranges of a previous bullish candle. 🔻Such a candle we will call a bearish engulfing candle. Most of the time it signifies a strong spike in selling volumes and willingness of sellers to push. With a high probability, such a formation leads to a pullback or even a trend reversal.
by Mr_HaMza_
Daily Candle Analysis: Shooting StarThe Bitcoin daily candle, 2 hours prior to close, is a Shooting Star - a bearish candle with a small real body and long upper wick (Nison, S. Japanese Candlestick Charting Techniques, p.74) . One may also view this as an " Abandoned Baby Top " due to the gap up from the previous daily candle - a Bullish Engulfing pattern revealed to be a trap. We also have a hidden bearish RSI divergence on the daily, which provided me with the confidence to stay short through the past day of volatility. One may also view this bearish setup as a Rising Wedge breakdown . As always, I accept the possibility that this idea is wrong and may offer me a lesson instead of profit. ------ August is the month of the Persied meteor shower in North America - one of the best times of the year to get outside and watch shooting stars fall from the sky. Shooting stars are mere specs of dust, pebbles, or debris that fall towards Earth and are burnt in the atmosphere, leaving a bright streak across the sky. With reverence to the almighty, I look to the sun, moon, and stars and pray for a favorable outcome.
BITSTAMP:BTCUSDShort
by bluedog360
2
Will the Bears Remember Micron?Micron Technology hit a new 52-week low in early July, followed by a tepid rebound. The first pattern on today’s chart is the 50-day simple moving average (SMA). MU is only now returning to this line -- despite broader market being above the 50-day SMA for two weeks. That’s a sign of relative weakness. Could it also make trend followers expect a continuation of this year’s slide? Second, price action in the last three weeks resembles a bearish flag. Third, MU tried to make a higher high on Monday versus July 21. But it failed and a shooting-star candlestick was the result. That may suggest the flag is nearing completion and could soon give way to bearish continuation. Finally, the memory-chip maker had a double-bottom at $66 in May. The recent bounce never even reached that level, which could indicate sellers remain in control of this chart. TradeStation has, for decades, advanced the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more. Important Information TradeStation Securities, Inc., TradeStation Crypto, Inc., and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., all operating, and providing products and services, under the TradeStation brand and trademark. You Can Trade, Inc. is also a wholly owned subsidiary of TradeStation Group, Inc., operating under its own brand and trademarks. TradeStation Crypto, Inc. offers to self-directed investors and traders cryptocurrency brokerage services. It is neither licensed with the SEC or the CFTC nor is it a Member of NFA. When applying for, or purchasing, accounts, subscriptions, products, and services, it is important that you know which company you will be dealing with. Please click here for further important information explaining what this means. This content is for informational and educational purposes only. This is not a recommendation regarding any investment or investment strategy. Any opinions expressed herein are those of the author and do not represent the views or opinions of TradeStation or any of its affiliates. Investing involves risks. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options, futures, or digital assets); therefore, you should not invest or risk money that you cannot afford to lose. Before trading any asset class, first read the relevant risk disclosure statements on the Important Documents page, found here: www.tradestation.com .
NASDAQ:MU
by TradeStation
Did Ethereum Just Confirm - BOTTOM's IN?Hi Traders, Investors and Speculators📈📉 Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. W-Bottom patterns and double bottoms on a Candlestick Analysis is what we look for towards the end of a bearish cycle. Here, in ETHUSDT, we can clearly spot both. Is this the sign of a healthy reversal and the next bullish cycle? There is ONE RULE that still needs to be fulfilled in order for this pattern to be true - watch to find out what we still need to see on ETHUSD chart. If you're interested in the altcoin MATICUSDT , this 4min video is for you: Here's another altcoin with massive upside potential: _________________ 👀Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 📉 Hit like & Follow 🔔 We thank you for your support ! CryptoCheck
Long
by Crypto-Check-
36
💵New Zealand Dollar/U.S.Dollar💵(Short term/Timeframe 8H)!New Zealand Dollar made a Bullish Engulfing Pattern ( Candlestick Pattern ) near the Heavy Support Zone , and I expect that it will go UP at least to the Important Resistance Line . Also, we can see Regular Divergence ( RD+ ) between the Price and MACD indicator. 🔅 New Zealand Dollar/U.S.Dollar Analyze ( NZDUSD ) Timeframe 8H ⏰ 🟢 Heavy Support Zone 🟢: 0.614$ until 0.59$ Do not forget to put Stop loss for your positions (For every position that you want to open). Please follow your strategy , this is just my idea, and I will be glad to see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Long
by pejman_zwin
2