Candle
Long white and higher lowIf price doesn't skyrocket to the first relevant structure to the upside, I'm buying according with the notes on the chart.
SPY missing wick: more pain to comeBottom candles tend to have a lower wick. This represents the bears bringing down the price and the bulls overcoming the bears and bringing price back up. Hence the 'bottom'
Last week SPY decline lacks a wick. Suggests more Down to come.
Breakout Daily Level + Pullback and Long Entry posibility !We have a nice Breakout at Daily Level, pullback with Hammer at Support in H4 + bullish engulfing H1 + doble bottom M15!
Multi-Timeframe confirmation!
Very nice Long opportunity!
Identify Swing Top and Bottom (Conceptual)New Indicator posted, Utilizing Momentum based indicators for picking the top and bottom in a swing.
UCS_TOP & BOTTOM CANDLE -
Bearish Gartley pattern - Daily chart : USD/CADUSD/CAD completed a Bearish Gartley pattern recently around the AB=CD level of 1.1175. The USD/CAD had a recent high at 1.1222, but has since traded lower. Markets have been very volatile lately, so expect some erratic moves.
Initial profit target is at the 38.2% Fibonacci Retracement level of the run up from A to D on the Gartley Pattern. Stop is above point X. Manage your risk appropriately!
Happy Trading.
