Looking to enter a long position on SNA with a fairly wide stop. Price decreased after earnings but the long spinning top/long legged doji candle indicates weakness in selling and a possible reversal. Relatively low volume compared to previous earnings as shown on chart. You could set your stop a little tighter around the $149 resistance level to protect against...
I've had half a dozen people on social media tell me about this stock.
All of them keep saying it's going to "pop," but I don't see it.
Only thing good about it at the moment is they have major contracts with
big partners. Their earnings were down Q1 if I'm not mistaken. I pointed out on the chart
why I think it will continue to trade sideways or possibly drop...
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Beautiful spinning top formation in Key level 9000. Also 78.60% respected 2 times. To add another position wait for daily closure. The break below the counter trend line invalid this idea.
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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.
Risk Disclaimer. Trading FX/CFDs on margin carries a high level of risk, and may not be suitable for all investors
-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...