GBPCHF Sell Opportunity. H&S pattern formation. Spinning top on daily TF (top of right shoulder). Look for trendline breakout on 4hr TF to go short (confirmation of sell signal) Good luck.
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-EURCHF looking bullish after showing signs of reversal. Sellers pushed price down into support but buyers brought it back up above support before the daily candle close.
-The price action resulted in a spinning top setup AT SUPPORT which is a bullish sign.
-On the 1H time frame, price just broke a bearish trendline to the upside.
-There is also...
Following my candle stick spinning top strategy, I saw this formation coming together on the 4HR NZDCAD. My rules dictate to place the limit order after the completion of the candle stick pattern. i was called to a meeting that over ran and when I came back I saw the price shoot north. Heart pain, but one must stick to the rules of your strategies.
Price has two bearish bias candle patterns - Evening Star & Spinning Top
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-NZDCAD showing signs of slowing down after intraday rejection of higher price (long daily wick) by forming a reversal candle (Pinbar/Spinning top/Indecision) AT RESISTANCE
-NZDCAD has reached an appropriate target level after breaking out of the head and shoulders (4% range of pattern and 4% target for breakout)
-Breakout traders will likely take profit and...
Estimated weekly trading range between 945-1076.
Daily candle - Spinning Top
Chart Pattern - Ascending triangle - 5 trendline tests
Tenkan moving towards a support position
Kijun acting as flat resistance
MACD - Oversold. Approaching previous support
Stochastic RSI - Potential double bottom
-CADJPY daily candle closed as a spinning top or indecision candle at a solid resistance level.
-Price overall is near the top of a symmetrical triangle (daily pattern = strong)
-Stoch/CCI/RSI all near overbought area
Set pending sell stop on the break of the spinning top candle's lows.
Set stops above the highs of the spinning top...
ETHUSD update: Similar to the bottoming pattern in BTC, this market is now in a high probability area to retrace. What makes this market even more interesting is the fact that the current low is still no where near the 374 low. A rally here is not only a broader sign of strength, but offers greater potential compared to a counter trend retrace.
Earlier today on...
ETHUSD update: As BTC aggressively took out it's buy trigger earlier today, this market has not. 475.50 is the pin bar high that will signal bullish momentum is in effect. The lack of follow through is not that surprising given the general sentiment, but the probability of the location is still key.
Earlier today on S.C., we sent out a swing trade long idea to...
Weekly Bitstamp (main chart above)
Shown above on the main chart, we have the a converging Tenkan-sen (Conversion Line in orange) and Kijun-sen (Base Line in pink). If the weekly closes in 3 and a half days below the 50 Period Moving Average we will see the Tenkan/Kijun Cross cross, in reaction to the TK cross it will put a very bearish...
ICX on the 1D has found strong price support from the Kijun Sen.
The Kumo is wide and belly up acting as strong support as well however the support is volatile.
Stochastic RSI - Has been scraping bottom and we can see the beginning of a bullish crossover.
ADX + DI - Trend down is weakening and the our DIs have started a bullish divergence
TRIX - TRIX has...
Chikou above price - Bullish
Kijun Below price - Bearish
The current candle is a spinning top. If the volume stays bullish over the next few hours, and if the price breaks to the upside of the bullish pennant we could potentially see a three white soldiers rally.
Spinning Top candlestick forming on the weekly. xSilas' Godmode and Stoch RSI both throwing up cautionary signs on almost every timeframe. Hanging out at the top of the Bollinger Bands and looking for a reversion.
Entry at $125. Stop set at $132 in case this thing defies all. Take profit at $109-$110, but may very well just hit Bollinger's mean and keep climbing...
My USDCHF LONG from 02.26.18 is panning out well as I'm sitting on +90 pips at the time of this writing. Ended last week with a Spinning Top on Friday, March 9, after breaking through the previous supply zone. That zone is now being retested and if if holds will become demand. Price is currently stalling around the 0.947 mark, which was also the HIGH for...
Bitcoin's 1 wk time frame candlestick pattern is telling us that there is an indecision in market. Probably, we may have a sideways type of market then continue it's uptrend after the bulls win.
Usually, traders use spinning tops as a sign to close out long positions and they look for opportunities and potential coin for short positions.
MACD isn't crossing in...
We ended the last 4 hour candle with a green bullish spinning top doji, which is typically indicative of a bullish reversal...so far the follow up candle has been acting bullish..it will need a little volume swell to really validate the spinning top but being that it occurred after a long downtrend close to where we are already anticipating the bottom of the...