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SPX500 - Rally and CandlesticksHello Friends, I would like to stress the importance to check higher level TFs candles to get and idea if rally can continue after such a lengthy run. In this idea I want to demonstrate that monthly candlesticks analysis with a little hint from Elliott Waves can show that SPX rally will continue if 2815 is broken up. I personally believe that it is very high probability of this happening. The char shows that we had an inside bar on Nov, 2018 and the candlestick pattern got triggered by breaking low of "mother" candle Oct, 2018 low. BUT after initial drop price quickly found support and returned above October candle low. That showed strength and suggested that price will go to the opposite side of mother candle (Oct, 2018), which effectively means - REVISIT THE TOP. During the rally on Monthly chart we produced another BULLISH inside bar candle Jan, 2019 and currently we are about to knock on the top of it mother candle Dec 2018. Once we break Dec, 2018 top - bullish inside bar pattern triggers renewed rally which will fulfill the destiny to revisit the top and potentially break it. Having that in mind we can say that 2019 will be a bullish year for stocks and with that drop in Nov/Dec 2018 big money just made much better position for year 2019. Look at the volume! All the selling has been bought. Price moving above that sell off volume! Any comments/questions are welcome.
FX:SPX500Long
by pbartashevich
Power of Candlesticks (AUDCAD analysis)Hey guys, today i want to show you the power of candlestick combined with structure. Here is the 4H chart on AUDCAD, and the price is coming back to retest the 618 level of the bigger daily impulse; this level also lines up with a structure (that you can see if you scroll the chart). With this two level i was able to draw a box where i can search for shorting opportunities down on lower timeframes, and that is what happened. As soon as price reached this zone it stopped its upward move and gave us a strong selling pressure signal (pinbar) followed by an engulfing candle. In order to get the real power of candlestick you can sometimes combine 3-4 candles together and see what's coming out. In this case on the right i've drawn the result and it shows us very strong sellers. At this point, knowing the level it's so much important i want to short at the first retracment. Stops above highs, first target at 1,5:1 RR and second target to be determined. If you have questions or you want to share your view, feel free to comment below. Otherwise, see you in the next chart!
Short
by Roker1
1
MIDAS with Japanese CandlesticksOne of my favourite trading strategies is using MIDAS with Japanese Candlesticks and here is the checklist on how to do it. 1) Identify a trend. (Higher highs and higher lows or lower lows and lower highs). 2) Launch a MIDAS curve from the beginning of the trend. 3) As price pulls back to the MIDAS curve, draw a line to identify price structure. 4) If price fails to break the MIDAS curve and then penetrates the price structure = Enter Position. 5) The Stop Loss is set to be just above/below the MIDAS curve. 6) As the trend develops, add further MIDAS curves (R1, R2 etc) and more positions with this strategy until, 7) you see price break the most recent MIDAS curve and fails to close above/below market structure (see chart) as this would strongly suggest that the trend is dying and/or a different market sentiment is coming in to play. 8) This is where you close out all your positions. Let me know if you have any questions, I will be posting real trade setups with this strategy so make sure to follow ! :) PM me if you want to get a free copy of the MIDAS Technical Analysis System. MIDAS Trading Tools for MT4 is available to download @ MQL5.com
by Carl_G
Advanced Micro Gives a Class on CandlesticksAdvanced Micro Devices has done more recently than just plunge to its lowest level in over two years. It’s also given some interesting lessons on candlestick patterns. The heavily traded chip had a thick red bar on October 7 after preannouncing weak quarterly results. The next session saw prices inch lower but remain in a tight range. On October 11, AMD made a higher high and lower low: an outside day. The 12th was just the opposite, with a small inside candle. Then another outside day (bullish), a bearish inside day on Friday and a positive inside candle on Monday. Tuesday and Wednesday saw another pair of outside and inside moves. All those candles, on the heels of four weeks of solid downside, could potentially suggest prices are stabilizing. Is all the bad news priced in before CEO Lisa Hsu announces final numbers on November 1? Next, the patterns occurred around $59. That level held AMD in check February and July 2020 before excitement about 7nm Ryzen chips triggered a breakout. Could old resistance be turning into new support? 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 .
NASDAQ:AMD
by TradeStation
1
BTCUSD Short - Multiple pattern and candlestick analysisPatterns 1. Harmonic Pattern shows a Bearish Crab (Bear) 2. Leaving the ascending channel at the bottom (Bear) 3. Forming a symmetrical triangle pointing upwards slightly (Bear) 4. Elliot (correction) wave ABCDE is at play which could become double or triple top or a head an shoulders (Bear) 5. Declining volume shows there's no big price changes coming (So for now remains bearish) Candlesticks 1M: Evening Doji Star (Bear) 1W: Bearish Harami (Bear) 1D: Bearish Engulfing (Bear) 4H: Bearish Engulfing as well (Bear) 1H: 3 Bearish Soldiers (Bear) _____________________________________________________________________________________ I'm purely a beginner in technical analysis. Please hit like, follow or place a comment if you wish. Any of your feedback is my motivation to keep going and to learn more about Technical Analysis!
BITSTAMP:BTCUSDShort
by AlgoSurfer
GBPNZD A Candlestick analysisWe always pay attention to the story that candlesticks tell us. They indicate a short trade here. Like and comment if you find value in our analysis. Good luck NOTES: - All trades are executed with a valid signal of our own. As a trader you should develop and test your own entry protocol. - We never trade just because the price reaches the trading zone. This also means that not every idea is a valid trade. - Our analysis are trading ideas not trading signals for you. Therefore questions about the status of the trade, stop loss, take profit levels won't help your progress to be a better trader. - Instead of trying to take this trade and win small profits, focus on the analysis and how to create your own trading style. Best Regards.
Short
by FXTurkey
1