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Candlestick Analysis

ASX 200 Bulls Take the Reins as Trade Hopes BuildThe signal from last week’s bullish engulfing candle on ASX 200 SPI futures has proven reliable so far, with the price rocketing above 7900 on Monday, providing a platform to establish long positions around. With optimism building over trade deals between the United States and major partners, including China, bulls may look to enter above 7900 with a stop beneath for protection. The 50-week moving average screens as a potential target, with futures bouncing strongly from it the last three times it’s been tested. If the price reverses and closes below 7900, the bullish bias would need to be reassessed. Momentum indicators remain net-bearish, though RSI (14) is lifting toward neutral. Given the headline-driven nature of the market, these signals may be less reliable than usual. Good luck. DS
ASX24:AP1!Long
by FOREXcom
USDJPY / 6J1! - Compelling reversal pointThe Yen futures (inverted from USD.JPY) are entering a multi-year resistance level. Considering the yen has arrived at this zone on one-sided trading with high momentum, a reversal trade is compelling from a market psychology perspective. As an additional non-technical confluence, there are also news rumours circulating on social media streams regarding an imminent new trade agreement between the two countries. If prices remain static for the next hour, the daily close will print a shooting star reversal candlestick pattern. Using a retracement entry at today's developing POC, which roughly aligns to the 0.382 intraday fib level, with a stop above the intraday (H1) swing high. A RR at opening of approximately 1:10 is available. Ideally, risk would be managed on H1 time frame for this type of trade. Note USD.JPY Forex charting will be inverted from the futures.
CME:6J1!Short
by TradeSift
Educational Video: How Technical Analysis worksThe chart is explained in the video and we can see how you can get an Alpha over the market by knowing when to invest in a stock. Selecting fundamentally strong company is very important but why investing in a Fundamentally strong company when it has a technical breakout can give you a better yield on your investment is explained in the video. Disclaimer: This is not a recommendation to buy Tata Consumer Product stock but we are using it as an illustration to understand what Technical analysis is and how it works. The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock or index. The Techno-Funda analysis is based on data that is more than 3 months old. Supports and Resistances are determined by historic past peaks and Valley in the chart. Many other indicators and patterns like EMA, RSI, MACD, Volumes, Fibonacci, parallel channel etc. use historic data which is 3 months or older cyclical points. There is no guarantee they will work in future as markets are highly volatile and swings in prices are also due to macro and micro factors based on actions taken by the company as well as region and global events. Equity investment is subject to risks. I or my clients or family members might have positions in the stocks that we mention in our educational posts. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message. Do consult your investment advisor before taking any financial decisions. Stop losses should be an important part of any investment in equity.
NSE:TATACONSUM
by Happy_Candles_Investment
Long trade Trade Overview: SOLUSDT Long Position (Buy-Side Trade 2) Entry Price: 139.079 Profit Target: 143.259 (+3.01%) Stop Loss: 138.864 (–0.15%) Risk-Reward Ratio: 19.44 🕑 Entry Time: 2:45 AM 📅 Date: Tuesday, 22nd April 2025 🌏 Session: Tokyo AM ⏱ Observed Timeframe: 5-Minute TF Reason: Observing recent failed trade, decided to take another go...? Profit target set at 143.259, a clear liquidity pool above recent highs, making it a logical magnet for price and a clean take-profit level before resistance or exhaustion.
Long
by davidjulien369
Nifty Analysis EOD - 22nd April 2025🟢 Nifty Analysis EOD - 22nd April 2025 🔴 🧠 Market Background: As highlighted in the previous session analysis, we were expecting a range-bound or narrow-range trading day — and that’s exactly what played out. Nifty opened at 24,185, right below the resistance zone where yesterday’s session had consolidated heavily. Early in the session, price fell below the Previous Day Close (PDC) and took support exactly at the Central Pivot Range (CPR) before staging a sharp move up — breaking both Current Day High (CDH) and Previous Day High (PDH). However, the 24,225 resistance zone acted as a speed breaker, pushing prices back down toward VWAP, which then provided a solid support base. Until around 2:45 PM, Nifty kept forming higher lows, giving hopes for continuation — but then broke the previous swing low, forming a new lower low into the close. 📊 Price Action Insight: Day closed above the CPR zone, which still favors the bullish structure However, on the daily timeframe, a near-perfect Doji candle has formed, with just a 9-point body, indicating indecision or a pause in the trend The intraday range was 170 points, noticeably lower than Nifty’s average range, hinting at contraction In such a case, trading the Doji becomes simple — wait for either high or low to break, but also consider nearby support/resistance confluence for better edge 🎯 Strategic Outlook: A retracement towards 23,660–23,710 or even 23,200 can’t be ruled out — although it's early to confirm Broader sentiment stays bullish, but this Doji suggests a pause or potential reversal — so caution near upper zones is advised Keep tracking key global cues and sector rotation — especially with Midcaps and Smallcaps showing strong resilience 📌 Gladiator Strategy Update ATR: 362.5 IB Range: 129.65 (Medium IB) Market Structure: Balanced Long Trade Triggered at 10:30 AM — ✅ 1:1.5 Target Achieved Second Long Entry at 11:40 AM — ❌ SL Hit 📈 Index Performance Nifty: +42 Points (+0.17%) Bank Nifty: 🔼 New All-Time High at 55,961, closing at 55,647 (+342 pts / +0.6%) Nifty 500: +79 Points (+0.36%) Midcap: +422 Points (+0.78%) Smallcap: +122 Points (+0.73%) 📌 Key Levels to Watch 🔺 Resistance Zones • 24,190 ~ 24,225 • 24,330 ~ 24,360 • 24,480 ~ 24,540 🔻 Support Zones • 23,950 ~ 24,000 (Immediate support) • 23,820 • 23,660 ~ 23,710 • 23,500 • 23,400 ~ 23,430 • 23,200 ~ 23,190 🧘‍♂️ Final Thoughts "Structure is key. When levels work, respect them. When they break, adapt." Stay level-headed, stay prepared. Let the market show you the way. ✏️ Disclaimer ✏️ This is just my personal viewpoint. Always consult your financial advisor before taking any action.
NSE:NIFTY
by kzatakia
Long trade 15min TF overview Trade Overview: GC1! (Gold Futures) Long Position Entry Price: 3468.9 Profit Target: 3509.6 (+1.17%) Stop Loss: 3462.2 (–0.19%) Risk-Reward Ratio: 6.07 Target Liquidity High: 3509.8 🕔 Entry Time: 5:05 AM 📅 Date: Tuesday, 22nd April 2025 🌍 Session: London AM ⏱ Entry Timeframe: 5-Minute TF Trade Reasoning Intraday Market Structure: The 5-minute timeframe revealed a bullish internal break of structure, signalling a short-term reversal and favouring buy-side continuation. Price had formed a higher low, respecting bullish structure and suggesting accumulation.
COMEX:GC1!Long
by davidjulien369
Long trade Trade Overview: Silver (Micro Futures) Long Position Entry Price: 32.475 Profit Target: 32.825 (+1.08%) Stop Loss: 32.375 (–0.31%) Risk-Reward Ratio: 3.05 🕔 Entry Time: 5:00 AM 📅 Date: Tuesday, 22nd April 2025 🌍 Session: London AM ⏱ Entry Timeframe: 5-Minute TF Target Liquidity High: 32.825 Entry followed a liquidity sweep below a recent low, clearing out sell-side participants. Price then reacted strongly, with a bullish engulfing candle signalling a shift in control.
COMEX_MINI:SIL1!Long
by davidjulien369
USDCHF: One More Bearish Wave Ahead?! 🇺🇸🇨🇭 It looks like USDCHF has successfully completed a consolidation after quite an extended bearish rally. A breakout of a support line of an ascending triangle pattern on a 4H time frame provides a strong bearish confirmation. We can expect a movement down at least to 0.81 level. ❤️Please, support my work with like, thank you!❤️ I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Short
by VasilyTrader
1
NZDCAD: Break & Retest Setup 🇳🇿🇨🇦 NZDCAD broke and closed above a key daily/intraday horizontal resistance. We see a strong bullish reaction to that after its test and, from a current perspective, we see that it turned into support now. I expect a bullish continuation at least to 0.8327 ❤️Please, support my work with like, thank you!❤️ I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Long
by VasilyTrader
1
Long trade Trade Overview: DOGEUSDT Long Position Entry Price: 0.15701 Profit Target: 0.16355 (+2.95%) Stop Loss: 0.15520 (–1.16%) Risk-Reward Ratio: 2.54 🕒 Entry Time: 7:15 PM 📅 Date: Monday, 21st April 2025 🌏 Session: Tokyo PM The 5-minute timeframe showed a bullish internal structure shift, suggesting a short-term reversal. Additionally, the lower wick rejection indicated buy-stop liquidity being cleared, likely squeezing out early long positions before the true move began.
Long
by davidjulien369
Nifty Analysis EOD – 21st April 2025 🟢 Nifty Analysis EOD – 21st April 2025 🔴 After the surprise expiry rally… comes the slowdown! 📌 Background After the stunning 414-point move on the weekly expiry day, Friday’s holiday break created the perfect breather. The key question heading into Monday was: “Will Nifty carry forward its momentum and breach 24,050? Or pause for breath?” Turns out, the market chose both – initial enthusiasm, followed by exhaustion and consolidation. 📌 Today’s Price Action Nifty opened at 23,949, right at the resistance zone of 23,950 ~ 24,000. ➤ The IB High was formed at 24,052, triggering a textbook IB Breakout just above the 200 SMA zone.➤ Price moved swiftly towards 24,188 – the Previous Highest Swing Close, and then... paused. From there, a 50-minute tight consolidation followed – one of the narrowest ranges seen in recent sessions, signaling a temporary equilibrium between buyers and sellers. Despite the bullish open and early breakout, Nifty closed at 24,133, just below the major resistance. 📊 Gladiator Strategy Parameters ATR: 383.83 IB Range: 134.20 IB Type: Medium IB IB Day: IB Breakout Market Structure: Imbalanced As per the Nifty Gladiator Strategy, the IB Breakout triggered around 10:45 AM, and the 1x IB target was achieved with clean follow-through. 📌 Technical Observations 📈 On the Daily Timeframe: RSI stands at 65.53, now forming a potential RSI divergence. Short RSI (3 of 3) is in the overbought zone. Momentum remains intact, but the range is cooling off, cautioning intraday traders of potential traps ahead. 👉 A narrow range session or a false IB breakout is likely in the coming session. 📈 Index Performance Nifty: +274 Points (+1.15%) Bank Nifty: New All-Time High at 55,461, closing at 55,295 (+1.87% / +1,014 points) Nifty 500: +324 Points (+1.5%) Midcap: +1,316 Points (+2.5%) Smallcap: +363 Points (+2.2%) Broader market sentiment remained strong and outperformed Nifty. 📌 Important Levels to Watch 🔼 Resistance Zones ➤ 24,190 ~ 24,225➤ 24,330 ~ 24,360➤ 24,480 ~ 24,540 🔽 Support Zones ➤ 23,950 ~ 24,000 (now immediate support)➤ 23,820➤ 23,660 ~ 23,710➤ 23,500➤ 23,400 ~ 23,430➤ 23,200 ~ 23,190 🧠 What’s the Trade Setup Now? Don’t be overly bullish at highs – wait for follow-through or failed breakout confirmation. If price holds above 24,190, then 24,330/24,480 becomes achievable. Failure to sustain above 24,050 could trap late bulls. Let Tuesday’s opening structure guide your bias. 🧘 Final Thought"Structure is key. When levels work, respect them. When they break, adapt." Stay alert as we approach higher resistance zones—momentum remains but risk of whipsaws rises. ✏️ DisclaimerThis is just my personal viewpoint. Always consult your financial advisor before taking any action 🙏
NSE:NIFTY
by kzatakia
Failed Breakout + Rising Wedge = Bearish Signal for Bitcoin!?Bitcoin ( BINANCE:BTCUSDT ) attacked the Resistance zone ($87,520-$85,840) and the important Resistance line as I expected in yesterday's idea , but it seems that it failed to break . Bitcoin is moving between two Support and Resistance zones . From a Classic Technical Analysis , Bitcoin appears to have formed a Rising Wedge Pattern . From an Elliott Wave theory , Bitcoin appears to have completed a main wave 5 on the 1-hour time frame . Also, we can see the Regular Divergence(RD-) between Consecutive Peaks . If we look at the Bitcoin chart in the 4-hour timeframe , a Shooting Star Candlestick Pattern with high volume is clearly visible near the Resistance zone ($87,520-$85,840 ), which could signal a reversal and decline in Bitcoin . I expect Bitcoin to start declining again after an upward correction and break the lower line of the rising wedge pattern , and reach the targets I have indicated on the chart. Cumulative Short Liquidation Leverage: $87,708-$86,487 Cumulative Long Liquidation Leverage: $84,520-$83,687 Do you think Bitcoin can finally break the important resistance line? I would like to hear your thoughts. Note: If Bitcoin breaks above the Resistance zone ($87,520-$85,840), we can expect a pump. Note: If Bitcoin falls below $81,000, we can expect further declines. Please respect each other's ideas and express them politely if you agree or disagree. Bitcoin Analyze (BTCUSDT), 1-hour time frame. Be sure to follow the updated ideas. Do not forget to put a Stop loss for your positions (For every position you want to open). Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
12
Aussie knocking on the door of major bullish breakAUD/USD sits at a key level, banging up against the dominant uptrend dating back to October 2022. You can see from past price interaction how pivotal this trendline has been — initially acting as support before flipping to resistance after being broken late last year. The bullish engulfing weekly candle from early April flagged what’s since played out, hinting this fresh attempt to break the trendline may have more legs than those seen in recent months. Momentum also leans bullish, with both RSI (14) and MACD trending higher. If AUD/USD can break and hold above the uptrend, it may draw in additional bulls from the sidelines, opening the door to a move towards .6550 — a zone the pair chopped around in during late 2024. If the price cannot hold above the trendline, the bullish bias would be invalidated, opening the door for potential short setups. Good luck! DS
Long
by FOREXcom