We have a Bullish 3 Line Strike as well as a Tweezer Top Visible on the Monthly Timeframe which would Currently put LTC on a path to take atleast a 3.7% Market Cap Dominance over the Total2 Crypto Market Cap which at TOTAL2's current USD value would put LTC at a Market Cap of atleast $19 Billion which is a little over 11 times more than it's current Market Cap;...
This analysis shows the main factors behind the Short Position opened on the EURO AUD. These include
1. The Formation of Double Tops on the Daily Chart.
2. The Formation of a Pennant Setup on the Daily Chart.
3. The expected move towards major Support within 3 Days.
4. The expected move towards the Pennant Support in 7 to 14 Days.
The market provided a...
TU | Thailand SET Index | Food Sector | Chart Pattern & Price Action Trading
Descending Triangle Breakout with Bearish Tweezer Top Candlestick pattern - Wait for Entry @ Pullback at retest position
Double Bottom & Top
RSI strong bullish signal
MACD about to cross the baseline 0
Trade with affordable risk ratio 3:1
Always respect your stop-loss
Since it's multiyear high in Feb, AUDCAD created lower lows and lower highs in April and has continued bearish ever since with a string of consecutive lower highs and lower lows.
We have 2 clearly defined and repeatedly respected trendlines headed lower, created a broadening descending channel.
Price has has multiple attempts to break through this resistance...
If you have watched my video analysis you would have known that there is a Bearish Shark on the 1-hourly chart as well.
I'm going to squeeze the stop-loss level as there is the tweezer top that allows me to do that.
Bearish patterns forming on ETHUSDT
Tweezer top formed on 4HR
Tweezer top forming on the weekly chart
Double top formed on 1HR Chart
Bearish Divergence on 1 Hr
All over extremely bearish
Open Shorts from 3298 till 3220
Target area 2714-2521 Long Term 2328-2053
A jittery day plus a possible "tweezer top" candlesticks forming today near the channel top. The day isn't over yet and unless we have a good rebound within the next 2 hours, then it looks like we could be heading into some correction over the next few days.
Go flat, reduce,hedge your longs... or even go temporarily short?
Disclaimer: This is just my own...
Sentiment: Neutral to Bearish
As we've observed in the past two weeks Gold has been in a significant uptrend due to its negative correlation with the $DXY (US. Dollar Index) as well as overall volatility in the markets. However as we all know the law of gravity states that all things that go up must eventually come down.
1. Rising Wedge Pattern and...
Contract - CME_MINI:NQU2020
- High - 11156.75
- Low - 11073.00
*Plus Tweezer Top on the daily chart
- Gap: N/A
- Session Open ATR: 229.06
- Long-term (Daily) Trend: Bullish
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance....
Traders often talk about several candlesticks and candle patterns but "Tweezer Tops" is rarely mentioned. You can look it up or just look at the weekly chart on EU instead. It is a pattern that could mean trend reversal or at least a short term change in direction.
A few qualifiers are:
- A clear preceding up trend must be present.
- The colour of candles does...
Gold just made a tweezer top.
The last two candlesticks on 2 H are on the top almost equal, that means there would be a SELL signal before and after the the major jobless claim news.
Have a nice trading day