Hello traders and investors! Let’s see what’s new on SPX, and since it is Friday, let's do a complete MTFA by studing all our main time frames (H,D and W).
First, the hourly chart is inside a Descending Channel , and now it is struggling a lot to defeat its resistance at the upper purple line. Also, it has a clear pivot point at 3,466, and if triggered SPX...
After a long time I finally noticed this. Something made me BC before I spotted the pattern and then it just jumped out of the screen... Maybe I have spotted it and forgot about it lol idk. someone let me know in the comments below 😂
''Took you long enough'' they say! Hehe good one!!
Here we see a cypher pattern.. Hanging man / spinning top can be spotted at the...
There is no denying that LINK's first mover advantage in Oracle space, amplified by the DeFi gold rush, has resulted in its tremendous surge recently.
Another reason is that many of its competitors such as BAND, TELLOR, DOS and NEST can only be traded on Dex (decentralized exchange), centralized exchanges such as Polonix (who still use it?) and foreign exchanges...
Well , seems we have a classic spinning top candlestick on the Bitcoin 1 day chart . I recently did a chart showing the Gann Fan as well as the CME futures gap on Bitcoin near 118xx which already filled . But now we have what looks like a reversal candlestick . When a candlestick has a very small body evenly in the middle of two long wicks it's called a spinning...
For any professional trader the situation is obvious:
1) Rising (bearish) wedge
2) Spinning top candlestick
3) Overbought RSI on both, Daily and Weekly
4) Low volume compared to the previous bullish candle
5) Overinflated P/E
At this point, I can actually finish describing my call since it's more than enough to explain why "short" is the only way to go right...
Hello Traders! I've analyzed btcusd & found many Time-frame formations & Patterns. Here is Bitcoin zoomed in on a 15minute Time-frame. Notice to the left I've identified a possible Spinning Top Pattern & its Local Support. Price is currently battling areas inside of a Descending Channel. Once again, it tests Resistance. Possible breakout Area is...
The USD has alreadyy bottomed with a spinning top that means bears losing volume selling. It can go back to 1.39000 to retest and after to go lower.
set your stoploss under the longest spinning top to buy.
Have a nice trading week and enjoy this difficult analyse.
Share your thoughts and like
here is something for a few cents up to 50 EMA it might break but don't think it hold to form new support but these crazy time who knows volume looked descent today but ended in a tug of war Cross... worth a look in the am
based on the chart presented above:
ABBV closed on a nice spinning top candle stick, with divergence between oscillators and stock's lower lows.
If stock takes purple trend line (resistance) ill buy an small ITM position
We are here again, fifth time we hit the upper band of the paralell ascending trend channel, the prior 4 times it made a spinning top and bearish engulfing before heading down. That's pretty much what we can see again, spinning top followed by bearish engulfing.
GMAB, recently broke out of the big overhead resistance from the former triple top, which was...
- Price is at a major resistance level
- Bear flag has developed
- Closed wih an indecision candle (spinning top)
- For a less risky entry, wait for the close below the flag on the daily
- R:R is 1>2
- MANAGE YOUR RISK -
Disclaimer: All ideas are my opinion and should not be taken as financial advice.