On the 1-hour timeframe, we see the bearish divergence formation. On the 2-hour timeframe, we see a confirmed reversal pattern represented by a shooting star candle "A" with a bearish engulfing candle "B" confirmation. 4-hour timeframe, also represented by shooting star. We can expect a downward movement with a take-profit target near the "B" support area of $120,...
Hello traders and investors! Let’s see how the SPX is doing today! The index is going up nicely, but the candlestick in the daily chart looks enigmatic, as it is almost a Doji. The long shadow above the daily candlestick is annoying for sure, and kind of ruins the bullish momentum. Since October 13, it seems the index deserves a pullback to the 21 ema again, at...
Today we are going to look at different times frame from the medium to the short term (W1 - D1 - H4 - H1) W1 : Last weekly price action, triggered on a closing basis a "shooting star" which means a warning signal for a potential trend reversal Indeed, such kind of pattern should be considered as a negative point as this type of candlestick is formed when a...
Today we are going to look at the weekly picture ! My expected upside target (68'000) has unfortunately not been reached, the highest level seen so far was 66'894. Potential double top formation in progress. In addition, the ongoing weekly closing and the shape of its candle will be very important for the future !!! Indeed, currently, the current price action is...
Hello traders and investors! Let’s see how the SPX is doing today! The index is doing amazingly well, and we see a clear continuation of the bull trend, as it can’t do any bearish structure. It didn’t trigger any pullback sign, and we are heading to the ATH. Now that we are close to the resistance at the ATH, we could see a pullback, but again, we don’t see any...
Hello traders and investors! Let's see how NIO is doing today! It did exactly what we expected in our previous analysis, last week, and it hit our target. I explained the technical reasons that made me believe we would seek the gap at $ 40.59 in my previous analysis; the link to it is below, as usual. Now that we hit our target, NIO did what seems to be a...
Today, we are going to look carefully at the price action seen on the hourly chart which is showing that the BTCUSD has briefly reached the important psychological resistance level of 60'000. More important is to analyse the recent and current price action !!! Indeed, the top of the ongoing uptrend channel has once again been briefly broken on the upside,...
If the daily closes like this that will be a confirmed Shooting Star Candlestick Reversal Pattern visible on the daily and that will be a signal for future downside. Of course the market hasn't closed yet and this is simply and aggressive early entry into this potential future position. I think we will make about an 80 percent retrace or test the 200 day moving...
- Two Shooting Star candlestick patterns appear on Sep 13 and Sep 15. A shooting star denotes price drop is on the way, but need a confirmation that appeared on Sep 17 in this case. When Shooting Star emerge on top of the wave meaning possible price reversal, but if in the mid of the wave the fall is likely to continue but rather stop sooner. - The Upper Cross...
Been a long while since i seen a shooting star pattern like this on a weekly chart but here we are the next few weeks are bound to be interesting if the weekly closes like this tonight.
Natural gas short Sell at CMP- 362.4 SL- 371.5 Target- 354.3, 349.5 Disclaimer- We are not SEBI registered advisor. Charts and views are only for educational purpose.
Hello traders, Daily timeframe analysis: bearish confluence ✓ 1) shooting star reversal candle. 2) bearish engulfing candle on the following candle which confirms the initial reversal candle. 3) top of the rising wedge. September is probably going to be red, as it aligns with the rising wedge and recent price action with the candle stick patterns. Stay safe,...
TATACONSUM is in a narrow ttm squeeze and has a increasing momentum. It indicates that we could see a big move sometime soon. There could be two possible plays. A) it will breakout from the current level B) it will respect the resistance level and price will get rejected from here and will go back to 750 level support. If it gets rejected from the support level,...
LTCUSD now might performing ending diagonal. Possibly start correction from now. I strongly believe that LTC has a future, If I correct we can buy @ 128$-130$ area (38.2% retracement) H1 also has signal shown lack of buyer, which is shooting star in candlestick price action. For sure wait day candlestick close an consider to open short position. Good luck everyone!!!
The best case for a high-priced pump is to rest or just put the price in a range that can be seen in the chart and has a resistance above $ 40, which I think is a cp move, and I expect the uptrend to continue, as well as if the pattern continues. We are a flag whose target is the size of a flagpole, and it is possible that this movement will continue until the end...
hi everyone, could you take profits these days from the market? I hope that your answers === yes✅ I tried to explain all information about Bitcoin's way in my Previous post, Please read this post 👉 Bitcoin Analyze (BTCUSDT) Timeframe 30min ⏰ We saw Fake Break (31620$ until 30960$ (Support + Cluster of Fibs+ the lower line of Descending Triangle ) == Heavy &...
Hello traders and investors! Let’s see how PLTR is doing today! First, it lost the ascending channel’s low that we mentioned last week, and this tells us that the bullish momentum is getting weaker. Doesn’t mean a reversal, neither that we are seeing a pullback, but that PLTR is resting. In this case, we are having a Time Correction (when the price keeps...
2 Weeks ago DPZ tried to conquer the level of 432 and failed then tried again this week and confirmed it's failure. We now have Hidden Bearish Divergence on the MFI and we have Weekly Momentum Pointing downwards on the Momentum Indicator. I will be looking for around an 80 percent pullback towards the $330 area from here.