On the daily chart there is a shooting star signalling a turning point, price managed to reach the 50% fibs. H4 shows rsi divergence and a break of the trend or recent swing low could see a retest of the recent neckline of the inverse head and shoulders.
Everything was looking dandy for bitcoin and litecoin...litecoin appeared to breaking out above a bull pennant and btc seemed well on it's way to the original head and shoulder pattern and then suddenly a whale or two must have decided to take a sizeable profit, enough to trigger an avalanche of auto sells creating FUD in the non auto sellers all culminating into...
Quick TA of the falling wedge Red boxes: failed breakouts, as indicated by shooting stars on the candlesticks. Red lines: resistance lines formed by finding the failed breakouts.
Strong bearish engulfing breakout of prices uptrend line, now retesting with what looks to be a potential shooting star rejection. Not looking to jump into this pair this week exactly since the market closes tomorrow, but will be looking for a break of support & retest for more confirmation
Good day Traders! After a month long of rally of the NZDUSD pair, will this commodity currency stretched upward a little further, consolidate or rather started rotating to the downside respecting this key level of resistance around 0.7431? Price started rejecting higher prices after touching the level which pretty much coincides with the report of the New Zealand...
Price now at daily resistance, rejecting with a shooting star candle. Will be watching for price to break its uptrend line & form a small flag pattern on the H1 Chart for shorts down to create a higher low
Gun to my head, this is the pattern I think we see at the close today! en.wikipedia.org(candlestick_pattern) $SPY
Bearish bat and 15min shooting star combination after new for new chairman, and there is also a 8/21 EMA correction trade, a worth-the-risk trade! Counter-trend, so a strict 1st kick and risk-reward stop execution is a MUST!! Let's see how it goes!
Despite the good volume, VSTM couldn't keep gains made during the day and has a bearish looking candlestick at close. Don't like the shooting star.
Here i see a rejection candle off the trendline, multiple touches on the trendline and its sitting at a zone. Long wick signs of rejection; also printed a shooting star. KEEPING IT SIMPLE.
All Trade Parameters shown on the chart.
All Trade Parameters shown on the chart. Similar scenario to EURUSD daily chart
In a time frame daily, if you can read Japanese candles. The last candle is called "shooting star" in which it comes from an upward trend and begins to form the body that came to the ATH and little by little begins to lose it. Bears win the battle and leave the sail almost completely disembodied (all shadow or wick) to change the trend in the next and become...
If you want to trade this setup wait for breakout first.
Here is a bearish butterfly formation on the H4 timeframe and a shooting star to confirm a possible reversal. Good luck
USDJPY > 10/15-20/17 Trade Analysis Timeframe: 1W Shooting Star candle signals roll-over @ week's beginning. Break and Hold below 112.00 signals to 108.00 level. Expecting these levels to be Buyers area. Break and Hold above 112.00 can signal further rise to 115.00 level. High volatily expected as I believe we are in the "wacky" season where up is down and...
COINBASE:BTCUSD When this breaks it will be swift and likely %50 from topping price, too early but watching for the chink in the armor!