TJX ended the day with a shooting star on the daily in confluence with a rising wedge pattern. Bias-short I plan to short TJX after a break below the head of the shooting star and the 1H trendline (for a safe entry). I will more than likely enter a small swing position to catch the move. Short float % is 0.95% as of 15 November 2022. Please be mindful that...
If 17k$ resistance is maintained then this analysis will play out
Can I just say WOW at the rejection at the 200MA ?!? Honestly this is playing out how I would like to see the market. I recognize a price action candle, the shooting star. The shooting star often occurs when the market is buying and begins to react at some level of resistance. I am identifying my level of resistance as the 200MA. I would like to see todays...
I am a fan of BNB longterm but the monthly/weekly charts on this pair look like they need to cooldown a bit after a huge run up, and the shooting star candle pattern indicates a potential bearish reversal. At lower levels I would definitely buy some BNB especially now that they have very little competition since the FTX situation.
After breaking a strong bullish rally, the bears have managed to pull the price of the said stock below 0.786 fib retracement level. Considering another strong bearish candlestick on an hourly chart, the prices are likely to fall below to the 0.618 level. A strong indication for short-selling.
• The SPX is still bullish, and although it is trying to stabilize today (which is perfectly normal after an euphoric day like yesterday), we have yet to see a top sign confirmed; • It is too soon to tell, but so far, today’s candlestick resembles a Doji pattern, and if this is true, we could do a pullback to the 3,911 area again, at least, if we lose today's low...
ICICI Bank in weekly Chart formed double top and shooting star. SL is 943.25 1:1 target is 851.05 MACD divergence are also negative.
• UBER is doing some interesting technical movements, even with the increased volatility after earnings; • UBER went up just to hit the previous resistance at $30.24, a previous support from Oct 06; • While I’m writing this, UBER is trying to do a Shooting Star candlestick pattern, a top sign; • If UBER confirms a top sign, just under a resistance area, then we...
Double Top + Shooting Star 919.95 SL 900.85 Second bearish candle low 1:1 target 881.75
• AMC is in a resistance área made by the 21 ema and the black line at $6.80 – which was a previous support level multiple times in the past, now it is working as a resistance, following the Principle of Polarity; • In addition, we see a top sign, as yesterday it did a Shooting Star candlestick pattern, and today it is doing another bearish candlestick; • If AMC...
• SPY is doing a Shooting Star candlestick pattern today; • If triggered, this could lead us down to the next support area around 3,760, near the 21 ema; • This pullback wouldn’t be enough to reverse the bull trend, as the index is still doing higher high/lows since Oct 13; • In this scenario, any bullish reaction above the support would be an excuse to...
Hello friends, today you can review the technical analysis on the Yearly chart for Bitcoin ( BTCUSD ). Many people all around us are predicting that the crypto market will rebound and though I want to be optimistic, I have to be realistic because too many people bought crypto at high prices unlike some of these people on YouTube that bought under $500 so for them...
Tesla, an absolute beast of a company, an investors dream stock to have been holding the last few years, and one that everyone wants in their portfolio. Tesla has actually help up surprisingly well in this Bear Market thus far. Tesla has outperformed many other beaten down tech stocks with soaring growth in deliveries, and revenue. Tesla has solid fundamentals,...
DXY is going to top, the parabola on the DXY is comparable with meme stocks, unbelievable, they really did something wrong with the dollar, good luck for the American middle class, Dollars of tomorrow will be like the euros of today, a hot potato... my playbook for the end of the year: Short DXY long SPX500
Here we can see the formation of an inverted hammer which is usually called as a shooting star. This generally appears in a bullish run and indicates a reversal in the trend. The very next candle is a conformation of the shooting star. If someone had taken an appropriate put trade they could have easily gained 454 points.
As you can see, a shooting star has appeared just above the 50 MA. After a solid run it failed to break the down trend also. This is a strong bear signal. I will be setting a short. Thank you all for reading. Good Luck
$SPX Monthly View Ok, so this is absolutely NOT intended for intraday or near term trading… this is a long view and it could play out immediately, or it could be days or even weeks…. There are a few of the notable MONTHLY bearish shooting star doji candles…. One right before the covid crash…., Nov. 2021, This month… And previously - July 2000, May 2001, July...
NASDAQ:AAPL Hey fam, The AAPL swing idea is pretty straight forward. There was a decent reversal off 176.15 We had the inside candle on thursday followed by the big red candle down on Friday. Looking at the weekly we have a very long wick on the shooter. I am looking for a break below and hold of 171.31 to grab a 170p for 8/26 or 165p for 9/2 or later. The...