trade based on shooting star candle and pattern formation along with downtrend formation.
Price is moving in a triangle and has pulled back from resistance, forming a shooting star candle. The targets are the previous support levels: 143.8; 142.2; 141.4 D1: Good trading! If you find it useful, like, follow, share!
We have a nice intra-week setup on the USDJPY here that could lead to a continuation of the downward trend in the form of a Bearish Shooting Star with Bearish Divergence at the PCZ of a Bearish Shark on the Hourly Timeframe
#16 hello after passing a week this candle shows the price couldn't move up so lets see what gonna happen next weak ! - Always be in profit !
Summary: Main bearish trend (dotted teal downtrend line) Reversal attempt in progress (purple uptrend line) 200-SMA breakout in jan-2023 Failure to continue the breakout (failed bull flag - orange lines) Arrow #3 as a good entry option for a bear trade. Possible beginning of a new bearish leg, aligned with the main trend Possibility to...
Weekly zone reaction in 4H SS so as I saw the closing shooting star in 4H, on a weekly zone, nice looking in 1H algo giving a candle pattern that comfirm entry
• The SPX hit its resistance at 4,060, and now it seems it is losing strength; • In the daily chart, we see a Shooting Star candlestick pattern, that if triggered, could take the index to lower levels; • In the 1h chart, the SPX is correcting, and the next support is the 21 ema, which is ascending; • The 21 ema in the 1h chart is almost at the same price the 21...
OANDA:GBPJPY We can see Bearish Trend start in 1 Hr TF. Shooting Star Showing good sign for rejection
OANDA:AUDCHF Bearish Trend 1 HR TF . You can see that Bearish trends continue in this pair. I'm Expecting AUDCHF create new L.L. Shooting Star Create in 1 Hr TF
EIGHTCAP:USDCHF Last Friday's daily bar closed as a shooting star, indicated bearish sentiment. On top of that, it also finished as a SFP (Swing Failure Pattern) from a previous swing high, another bearish confluence. I'm expecting a run down to the previous swing low which is where I'll be taking profit. Entry is at an imbalance and stop is set above the most...
Bitcoin just printed a shooting star like 6 months ago, which is a reversal candlestick. Also, we got a bearish divergence on RSI, this could finally lead to a retracement down to 100EMA. ⚡️⚡️ #BTC/USDT ⚡️⚡️ Exchanges: Binance Futures, ByBit USDT Signal Type: Regular (Short) Leverage: Isolated (7.0X) Amount: 6.8% Current Price: 23776.0 Entry Zone: 23809.5 -...
• The SPX reversed the short-term bull trend, as it lost our 21 ema in the 1h chart, failing in breaking the previous top (it did a Double Top chart pattern around the 4k); • In addition, it lost the support we mentioned yesterday, at 3,950, indicating a sharp correction – maybe even an overreaction; • Either way, the 3,950 is a new resistance on SPX, according to...
• The SPX is in a short-term bull trend, as seen in the 1h chart, and only if it loses the 21 ema we would see a correction ahead; • In theory, it wants to hit the next resistance level, at 4,053, and as long as it stays above the 21 ema, this is the most likely scenario; • This reinforces our previous reading on this, as mentioned in our previous study from...
• Despite the Shooting Star from yesterday, it seems the SPX found a strong support level at the 21 ema; • As stated yesterday, on my previous public analysis on SPX (link below), this movement could be just a pullback to the 21 ema, just to resume the bull trend again; • Therefore, the 21 ema is our key support level, and only if the index loses it, we would see...
• Yesterday, the SPX broke the resistance at 3,911 for a brief moment, but by the end of the day, it lost momentum, couldn’t close above it, and it did a Shooting Star candlestick pattern; • This could be just a pullback to the 21 EMA, but the fact it found a resistance at 3,911 again it is not good for the bulls; • We warned about this on my previous SPX analysis...
Bearish Indications 1. Lower Highs and Lows 2. CXY is bearish & SXY is bullish in 2H TF 3. No Divergence 4. Shooting Star at LH 5. Trend line not broken Bearish Indications 1. Trend is Mature Enough 2. On Larger TF it almost completes Bullish ABCD Pattern Indices on 2H TF DXY => Bearish JXY => Bullish ZXY => Bullish AXY => Bullish EXY => Bullish CXY =>...
Bullish Indications 1. Higher Highs and Lows 2. 8 out of 12 years December remains bullish 3. Trend is bullish on 1D TF Bearish Indications 1. Shooting Start at Higher High 2. Broken Trendline 3. Bearish Divergence on 4H and 1D 4. Price is exactly bounced back from the previous rally LH 5. Trend is mature enough Seasonal Data Dec 10 => Green Dec 11 => Red Dec 12...
• The index hit our target at 4,083, as it behaved exactly as we expected yesterday, but it seems it is losing strength now. The link to my previous analysis is below this post, as usual. • So far, it is doing a Shooting Star candlestick pattern. Considering it is just under a key resistance, this might be a top sign. • The trend is still clearly bullish, and...