Silver has been in a downward pointing "shape" with a resistance on the top as a force pointing down, while being supported in a "cup" shaped support that can become resistance on the up if it is broken down. The levels in this project are potential support/resistance zones in the future, where potential pivot points can occur (marked examples in the past)....
1)The stock is in uptrend in Monthly and weekly time frames. 2)It is in strong consolidation for about 6 months, the stock looks poised for an up move within the zone. 3)The consolidation is happening at 5 year old resistance zone. 4) The upside possible is confirmed through price action, supportive RSI. Once the stock takes off 121 level, then one can look...
Zoom is showing a pre-earnings release run up out of its extreme low, ahead of its Q1 report today. The current run's pattern is indicative of professional traders swing trading with earnings strategies; they tend to take profits on the report since they bought at the low. While revenues are likely to come in below last quarter, earnings should improve over the...
Professional traders controlled this sideways pattern that held higher lows before the break to the upside and gap up above the W bottom completion resistance, which is now strong support. Short-term profit-taking at the resistance overhead is something to prepare for now.
Having conducted a thorough MTF analysis of EUR/USD, the following observations could be made: Weekly: as it can be inferred from the Weekly-timeframe chart, the price has been shooting wick candles and failing to break above the major resistance highlighted on the graph. The ongoing Weekly candle is looking massively bearish, and if we get to have a such...
Price retest 1.124400 area three times. this is the third time and a rising wedge is spotted around the resistance area, indicating the reversal of trend. Stop loss is 70pips, target is 340 pips Risk to Reward radio is 1:4.5
Morning & Evening Star gives magical results. Early identification in BNF long move was visible on daily TF, if we could have spotted it right! What a move later on!
MCX made bullish pin bar candle on daily charts & its trading above yesterday's close with good volumes. Could be bought with mentioned stoploss & target.
As shown on the charts by multi-timeframe analysis, from weekly down to daily and hourly, we can establish a clear bearish bias for EURJPY. Noteworthy observations: - the liquidity pool on weekly timeframe is very obvious and price will eventually go for it, so I keep that in mind. - untested hammer head on daily timeframe is also very obvious and it...
If we see a pullback with good developing price action in GOLD, that's when we make our move. We evaluate if the risk to reward ratio is good enough to justify entering a long trade and set our target accordingly. Entry could be a price action confirmation signal near the zone or a limit order, again depending on how price action develops. We don't just jump in...
• AAPL is reacting above a key support level; • In the weekly chart, we see a Hammer candlestick pattern, which was triggered this week. This points to a possible bounce on AAPL; • The technical target for a Hammer is the projection of the candlestick’s height in the direction of the breakout, this means, something around $138; • In the daily chart, there’s no...
• TSLA hit our target at $110, as we discussed in our previous analysis, last week (link below this post, as usual); • Today, it seems we have some reaction, which is expected. It is very rare to see TSLA dropping 7 days in a row (actual drops, not only bear candlesticks). To be honest, I don’t recall seeing 7 drops in a row on TSLA. If this ever occurred, must be...
Hello Traders. Anyone else watching the AUD.USD Daily chart? I'm waiting to see if the price will continue to the downside or break to the upside. This could be a good trade idea; however, we need to wait and see what price does. Let me know what you think, what do you think the price will do? Happy Trading Samantha
The candlestick pattern indicates a continuous price uptrend towards the MA20 line backed with high volume. Precaution because the last candlestick indicates a "shooting star" candle, hence, the probability of price correction between the trendline channel or potential resistance area around the price range of the candle. The MACD confirms the price uptrend...
Stocks that are reporting earnings in 3 to 4 weeks can be monitored for pre-earnings runs. ESPR had momentum runs recently, as marked by the candlestick patterns within the green rectangles in this chart. A shift of sentiment can be seen in the bottoming pattern with Accumulation/Distribution indicators (the area between the blue rectangles). Often, when...
The Inverted Hammer candlestick formation occurs mainly at the bottom of downtrends and can act as a warning of a potential trend reversal. After a long downtrend, the formation of an Inverted Hammer is bullish because prices hesitated to move downwards. Sellers pushed prices back to where they were at the open, but increasing prices shows that bulls are testing...
As you see in the chart, with the increase in the shadows of the candles in the bullish or bearish trend, along with one or two candles in the opposite direction of the movement of the chart, it's a trend change signal and a good setup to enter in the trading. P.S. I must say that; in the long-term time frame ( usually more than 1-H ), this method of Candlestick...
Relational Technical Analysis™ or “Relational Analysis” is my contribution to the continuing evolution of technical analysis. It helps me understand who is in control of the price action of stocks, indexes, ETFs and more. It can provide a leading analysis for trading or investing in any chartable trading instrument, even cryptocurrencies. Relational Technical...