This is the bounce we are most waiting for. I see many bull divergence from some of time frames such as 30 min, 1hour and 4 hour. In addition, i see that we will break this falling wedge. The bull scenario: The thing is, we need to close above the red line 50-MA (recent support) around 8300 for daily candle today. If it happens, we will see a tweezer bottom, and ...
Everything adds up almost perfectly among the indicators right now. RVI is low and is nearing past levels of strong support. So volatility and downward momentum is decreasing which is bullish. Room to fall then bounce off support. This is mirrored on the stochastic as well as the TRIX. We should see the price bounce off the bottom of the ascending channel at ...
Visa following similar breakout pattern. Bulls appear to have control over the direction of the security, however like YUM and BA V has a tweezer top pattern cresting the macro resistance. Pattern Appears to be transforming from the ascending pennant to broadening wedge displaying increasing volatility. Holding going long.
Hi guys, another opportunity on this glorious sunday. AUDNZD has rejected a horizontal resistance zone with a double top. Price has decelerated and has formed 2 hightests, a tweezer top setup. Furthermore the overall weekly trend is bearish aswell. Target is the next support zone, the stop is above the weekly 0.618 fibonacci retracement level. Happy trading
Solid gains last week on the most recent minor bull run. Based on the weekly close...I cashed out. Start of a new week. Candles showing tweezer tops on the 1D TF. Short order(s) placed. Sitting in FIAT on the sidelines for now. It is what it is. All thoughts, comments and constructive criticism will be accepted. Go well. (-_-)
Candle Pattern: tweezer tops Trend: down Trend Entry: with TP/SL Ratio Target: 1 to 1 Target TP PIPs: 10 SL PIPS: 10 Fib Entry: .236 Fib TP: 1.618 Stochastic: short strength Inside EMA/SMA zone: no BB: middle band Notes: breaish engulfing around fib .236 and price respecting middle band in down trend stochastic showing strength to the down side.
JNUG may be in a weekly downtrend, but there is a promising bullish buying opportunity today. We saw the daily 100 EMA act as resistance in October, but in late December,JNUG breached both the 50 EMA and the 100 EMA without a significant pullback. It printed a bearish tweezer top last week, leading to a failed re-test of the 100 EMA in after hours trading last ...
Daily double top with daily tweezer rejection. First target being daily 49EMA and based on momentum two thing could happen: 1.Price could smash right through the daily EMA and continue with the overextended bearish momentum. 2. Weekly double bottom could play out and price could reject daily 49EMA forming HL giving potential long position.
May Soybeans rose out of a tweezer candlestick reversal today. May see another up day tomorrow. Seeing that beans are pressured by Brazil harvest, we consider this a retracement and fall into bullish Butterfly. Suggest 50% or 61.8% next target. However, open interest is still rising and we are still in an uptrend. If market continues up, possible double top.
New Zealand dollar has produced a tweezer top reversal pattern. Friday's rejection of higher prices suggests a lower price Monday. The USD has produced an evening star doji, which might produce one more push up to finalize that last shoulder of the H&D and then head down. NZD also produced a evening start reversal Tuesday indicating a reversal on Thursday.