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Candlestick Analysis

Nifty Weekly Wrap – 3rd Week of April ’25📉📈 Nifty Weekly Wrap – 3rd Week of April ’25 🔍 Bulls Charge Ahead – A 1,000+ Point Weekly Rally! 📌 Market Recap What a week! Nifty 50 delivered a massive +1023 point gain – up 4.4% on a weekly closing basis – breaching the crucial 23,800 level and closing strong. The rally was powered by a duo of positive triggers: ✅ Tariff relief ✅ Cooling inflation This combination boosted sentiment and attracted strong institutional buying across the board. 📊 Technical Overview Weekly & Monthly Candles: Bullish ✅ PCR Ratio: At 1.15, signaling a bullish tilt RSI: Holding steady at 54 – trend and momentum both aligned 200 SMA on Daily Chart: At 24,050 – a crucial level to watch. 🔼 A breakout and close above this may trigger fresh buying and a possible shift in long-term sentiment. 📌 Bank Nifty Leadership Bank Nifty almost hit its all-time high, clearly outperforming Nifty this week. The rally wasn’t limited to just PSU or private players – both segments showed strong participation, giving more legs to this uptrend. 📍 Key Bank Nifty Level: ➡️ As long as 52,000 holds, the uptrend structure remains intact. 📉 Volatility Update – India VIX India VIX cooled off by a sharp 24%, settling near 15 – further reinforcing the low fear + high confidence mood in the market. 📌 Market Sentiment Snapshot Everything is aligning for the bulls: ✅ Sectoral rotation ✅ Robust earnings ✅ Institutional buying ✅ Easing macro concerns 🎯 Momentum is real, and as long as levels hold, dips might continue to be bought. 📌 Key Levels to Watch (Nifty) 🔼 Resistance Zones ▶️ 24,050 (200 SMA – critical level) ▶️ 24,190 ~ 24,225 ▶️ 24,450 🔽 Support Zones ▶️ 23,820 ▶️ 23,660 ~ 23,710 ▶️ 23,400 ▶️ 23,200 📋 Strategy Heading into Next Week 🧘 Stay with the trend, but don’t get complacent. 📌 Watch for a clean breakout above 24,050 with volume – it could set the tone for a fresh leg higher. 📌 On the downside, 23,660–23,820 is a key demand zone to track. Let the structure develop – no need to predict every move. Follow price, stay flexible.
NSE:NIFTY
by kzatakia
Short trade 📉 Sell-side Trade – BTC/USD 📅 Date: Sunday, April 20, 2025 ⏰ Time: 4:00 AM (NY Time) – London Session AM 📊 Timeframes: Structure: 4Hr Entry: 15min Trade Parameters: Entry: 84700.0 Take Profit (TP): 84423.5 (–0.33%) Stop Loss (SL): 84756.5 (+0.07%) Risk-Reward Ratio (RR): 4.89 Reason: RSI divergence on the 5min TF and after confirmation of lower high rejection within a 4Hr bearish structure seemed indicative of a sell-side trade. Bearish FVG on the 4Hr TF or imbalance to fill is my assumption for target.
Short
by davidjulien369
Johnson & Johnson Wave Analysis – 18 April 2025 - Johnson & Johnson rising inside weekly price range - Likely to test resistance level 165.60 Johnson & Johnson continues to rise in the primary upward impulse wave 3, which started earlier from the major support level 145.00 (lower border of the weekly sideways price range from 2023). The upward reversal from the support level 145.00 previously formed the weekly Japanese candlesticks reversal pattern Hammer Doaji – which reflected the strength of this price level. Johnson & Johnson can be expected to rise to the next resistance level 165.60, the upper border of the active sideways price range.
NYSE:JNJLong
by FxProGlobal
NIFTY trading at RESISTANCE!! But!! As we can see NIFTY trading at final resistance after a strong breakout of 23400 level and now is trading around 23800 levels which has acted as a strong supply zone previously hence we can expect signs of REJECTION around here but if any case it sustains above the given level then we can also see a possible formation of inverted head and shoulders pattern in bigger time frame hence any closing above 24000 levels could show another strong unidirectional rally which can also lead to new ATH so plan your trades accordingly and keep watching everyone.
NSE:NIFTY
by Wealthcam
We are not early… we are right on time.📊 Overview: The chart above shows what I believe is a nearly textbook Wyckoff Accumulation pattern, and we are currently transitioning out of the Spring and Test phase. The price action is aligning closely with the Wyckoff schematic overlayed in the lower quadrant of the chart — a clear signal that XRP is preparing for a major markup. This is not hopium. This is structure. Let’s break it down. ⸻ 📈 Wyckoff Phase Breakdown (Annotated on Chart): PSY (Preliminary Support): Initial signs of strong demand entering the market — visible in late 2024. AR (Automatic Rally): Rapid reaction after the first significant selloff. BC (Buying Climax): High volatility and volume with a strong peak around $3.40, setting the upper resistance. ST (Secondary Test): Fails to break new highs, confirming resistance. UT Phase B (Upper Testing): Price starts creating lower highs within a descending wedge, shaking out weak hands — this is the grind through the Creek. Spring: The bear trap. Price dips below support briefly, likely scaring off retail before a quick recovery. Test: Re-entry above support with low volume, confirming the Spring and setting up the markup phase. This structure is almost 1:1 with Wyckoff’s schematic, even down to the slope of the Creek and the timing of the Test. You literally couldn’t script this better unless it was done on purpose. ⸻ 🔮 Price Projections (Based on Structure): Here’s what I see unfolding — and yes, I’m going on the record: 1. Support is confirmed: The $2.03–$2.07 zone is a bedrock. A breakdown from here would likely require a black swan event. 2. Near-term Upside: • Within 12 days, XRP is poised to break above the resistance of the descending wedge, launching to $2.75 (+/- 0.1–0.04). • A slight pullback to $2.58 follows, forming a Last Point of Support (LPS). 3. Mid-May Target: • By May 12th, XRP is targeting $3.35, nearing the previous BC level. • Expect consolidation/crabbing between $2.96–$3.29 for roughly two weeks as institutions finish their accumulation. 4. Final Breakout: • Compression leads to an explosive move above $3.40, launching the official 2025 bull run. • Potential jump across the creek aligns with May 27th, a date worth watching. ⸻ 🧠 Final Thoughts: If you’ve studied Wyckoff and ignored all the noise, this setup should be lighting up your radar. XRP’s price is showing us everything we need to see — structure, confirmation, accumulation, and now strength. If you’re still unsure, go back and look at historic Wyckoff plays — Bitcoin 2020, Ethereum’s 2017 run — and compare. The blueprint doesn’t lie. This is how whales operate. If you’re reading this, you’re on the right side of the game. ⸻ 📌 Let me know your thoughts in the comments — agree, disagree, or calling me delusional, it’s all welcome. #Wyckoff #XRP #CryptoTA #AltcoinSeason #BullRun2025 #SmartMoney #TechnicalAnalysis #Accumulation
COINBASE:XRPUSDLong
by Prophecy_Trading
6
Monitoring to Entry – AN/PAGThis pair was added to our Awaiting Confirmation list on April 16 , after showing a potential setup for a long position based on price deviation. As of April 17 , the setup evolved further: The pair Started below the lower Bollinger Band , suggesting continued price dislocation. Stochastic %K and %D were both under 20 , indicating an Oversold condition. ADX = 12.0 – signaling a sideways market, favorable for mean reversion. DI-/DI+ ratio = 1.86 – still shows dominance of sellers, but that value improved (decreased) from the previous day. A strong bullish candle appeared, reinforcing the shift in momentum. Conclusion: Although not all indicators were aligned perfectly, the price structure and early momentum reversal were enough for me to trigger a long entry as of April 17. Now, I am monitoring this position with close attention to DI dynamics and further stochastic confirmation.
NYSE:ANLong
by YoavShachak
Mastering Candlestick Patterns - How to use them in trading!Introduction Candlesticks are one of the most popular and widely used tools in technical analysis. They offer a visual representation of price movements within a specific time period, providing valuable insights into market trends, sentiment, and potential future price movements. Understanding candlestick patterns is crucial for traders, as these formations can indicate whether a market is bullish or bearish, and can even signal potential reversals or continuations in price. While candlesticks can be powerful on their own, trading purely based on candlestick patterns can be challenging and risky. ----------------------------------------------------------------------------------------------- What are we going to discuss: 1. What are candlesticks? 2. What are bullish candlestick patterns? 3. What are bearish candlestick patterns? 4. How to use candlestick patterns in trading? ----------------------------------------------------------------------------------------------- 1. What are candlesticks? A candlestick in trading is a visual representation of price movement in a specific time period on a chart. It is a fundamental element used in technical analysis to study market trends, determine price levels, and predict potential future price movements. A single candlestick consists of four main components: the open, close, high, and low prices for that time period. Here’s how a candlestick works: - The Body: The rectangular area between the open and close prices. If the close is higher than the open, the body is green, indicating a bullish (upward) movement. If the close is lower than the open, the body is red, signaling a bearish (downward) movement. - The Wick (high and low of the candle): The thin lines extending above and below the body. These represent the highest and lowest prices reached during the period. The upper wick shows the highest price, while the lower wick shows the lowest price. - The Open Price: The price at which the asset began trading in that time period (for example, the start of a day, hour, or minute depending on the chart timeframe). - The Close Price: The price at which the asset finished trading at the end of the period. ----------------------------------------------------------------------------------------------- 2. What are bullish candlestick patterns? What is a Hammer Candlestick Pattern?
 A hammer candlestick pattern has a small body near the top of the candle and a long lower wick, typically two to three times the length of the body. There is little to no upper wick. This formation shows that during the trading session, sellers managed to push the price significantly lower, continuing the downward momentum. However, buyers eventually stepped in with strong demand and drove the price back up near the opening level by the close. What is an Inverted Hammer? An inverted hammer has a small body near the bottom of the candle with a long upper wick, usually at least two to three times the size of the body, and little to no lower wick. This unique shape resembles an upside-down hammer, hence the name. What is a Dragonfly Doji?
 A dragonfly doji has a unique shape where the open, close, and high prices are all at or very close to the same level, forming a flat top with a long lower wick and little to no upper wick. This gives the candle the appearance of a "T," resembling a dragonfly. What is a Bullish Engulfing? A bullish engulfing candlestick consists of two candles. The first candle is bearish, indicating that sellers are still in control. The second candle is a large bullish candle that completely engulfs the body of the first one, meaning it opens below the previous close and closes above the previous open. This pattern reflects a clear shift in market sentiment. During the second candle, buyers step in with significant strength, overpowering the previous selling pressure and reversing the momentum. The fact that the bullish candle completely engulfs the previous bearish candle indicates that demand has taken over, signaling a potential trend reversal. What is a Morning Star?
 The morning star consists of three candles. The first is a long bearish candle, indicating that the downtrend is in full force, with strong selling pressure. The second candle is a small-bodied candle, which can be either bullish or bearish, representing indecision or a pause in the downtrend. Often, the second candle gaps down from the first, indicating that the selling pressure is subsiding but not yet fully reversed. The third candle is a long bullish candle that closes well above the midpoint of the first candle, confirming that buyers have taken control and signaling the potential start of an uptrend. ----------------------------------------------------------------------------------------------- 3. What are bearish candlestick patterns? What is a Shooting Star?
 A shooting star has a smal body near the low of the candle and a long upper wick, usually at least twice the size of the body, with little to no lower wick. This shape shows that buyers initially pushed the price higher during the session, continuing the upward momentum. However, by the close, sellers stepped in and drove the price back down near the opening level. What is a Hanging Man?
 A hanging man has a distinct shape, with a small body positioned near the top of the candle and a long lower wick, usually at least twice the length of the body. There is little to no upper wick. The appearance of this candle suggests that although there was strong selling pressure during the session, buyers managed to bring the price back up near the opening level by the close. Despite the recovery, the long lower wick shows that sellers were able to push the price down significantly at one point. This introduces uncertainty into the uptrend and can indicate that bullish momentum is weakening. What is a Gravestone Doji?
 A gravestone doji has a distinctive shape where the open, low, and close prices are all at or near the same level, forming a flat base. The upper wick is long and stretches upward. This shape resembles a gravestone, which is where the pattern gets its name. What is a Bearish Engulfing?
 A bearish engulfing candlestick pattern is a two-candle reversal pattern that typically appears at the end of an uptrend and signals a potential shift from bullish to bearish sentiment. The first candle is a smaller bullish candle, reflecting continued upward momentum. The second candle is a larger bearish candle that completely engulfs the body of the first one, meaning it opens higher than the previous close and closes lower than the previous open. This indicates that bears have taken control, overpowering the buyers, and suggests a potential downside movement. What is an Evening Star?
 An evening star is a bearish candlestick pattern that typically signals a potential reversal at the top of an uptrend. It consists of three candles and reflects a shift in momentum from buyers to sellers. The pattern starts with a strong bullish candle, showing continued buying pressure and confidence in the upward move. This is followed by a smaller-bodied candle, which can be bullish or bearish, and represents indecision or a slowdown in the uptrend. The middle candle often gaps up from the first candle, showing that buyers are still trying to push higher, but the momentum is starting to weaken. The third candle is a strong bearish candle that closes well into the body of the first bullish candle. This candle confirms that sellers have taken control and that a trend reversal could be underway. The more this third candle erases the gains of the first, the stronger the reversal signal becomes. ----------------------------------------------------------------------------------------------- 4. How to use candlestick patterns in trading? Candlestick patterns are most useful when they appear at key levels, such as support, resistance, or significant trendlines. For instance, if a bullish reversal pattern like a hammer or bullish engulfing forms at a support level, it may indicate that the downtrend is losing momentum, and a reversal could be coming. Trading based on candlestick patterns alone can be risky. To improve your chances of success, always seek additional confirmation from other technical analysis tools. Here are some common ones: - Support and Resistance Levels: Look for candlestick patterns that form near key support or resistance levels. For instance, if the price reaches a support zone and a bullish reversal candlestick pattern forms, this may suggest a potential upward reversal. - Fibonacci Retracement: Use Fibonacci levels to identify potential reversal zones. If a candlestick pattern appears near a key Fibonacci level (such as the Golden Pocket), it adds confirmation to the idea that the price may reverse. - Liquidity Zones: These are areas where there is a high concentration of buy or sell orders. Candlestick patterns forming in high liquidity zones can indicate a stronger potential for a reversal or continuation. - Indicators and Oscillators: Incorporating indicators like the Relative Strength Index (RSI), Moving Averages, MACD, or Stochastic RSI can help confirm the momentum of the price. For example, if a candlestick pattern forms and the RSI shows an oversold condition (below 30), this could indicate a potential reversal to the upside. It’s crucial to wait for confirmation before entering a trade. After a candlestick pattern forms, it’s important to wait for the next candle or price action to confirm the signal. For example, if you spot a bullish reversal candlestick like a hammer at support, wait for the next candle to close above the hammer’s high to confirm that buyers are in control and a reversal is likely. ----------------------------------------------------------------------------------------------- Thanks for your support. - Make sure to follow me so you don't miss out on the next analysis! - Drop a like and leave a comment!
Education
by Youriverse
86
BTC / Bitcoin / BTCUSDT Bullish OutlookDaily Time Frame Analysis: Bitcoin (BTC) has recently broken out of a descending trendline on the daily chart, signaling a potential shift in momentum. Following the breakout, BTC has entered a consolidation phase, lasting for the past 7–8 days. Short-Term Outlook: In the near term, BTC may either: Break out to the upside from the current consolidation zone, or Execute a fake-out to the downside before reversing sharply. Potential Upside Targets: Target 1: $87,000 Target 2: $88,000 Target 3: $90,000 Target 4: $92,000 Traders should monitor price action closely for confirmation before entering positions.
Long
by shroffakshar
2
Long trade 🚀 Trade Breakdown – Buyside (ETH/USD) 📅 Date: Thursday, April 17, 2025 ⏰ Time: 3:00 PM (NY Session PM) 🪙 Pair: ETH/USD 📊 Trade Direction: Buy (Long) Trade Parameters: Entry: 1582.90 Take Profit (TP): 1612.94 (+1.90%) Stop Loss (SL): 1577.04 (–0.34%) Risk-Reward Ratio (RR): 5.13 🧠 Trade Narrative: NY PM reversal-style trade: Playing off a refined demand zone on the lower timeframe, sweep of a prior low, and aiming for a local high for this buyside trade idea. Not the best entry, however, manage stop loss based on the narrative of supply and demand
Long
by davidjulien369
The Secret Behind Stop-Loss Sweeps & How to Escape the Psycholog“You’re not losing trades because you’re unlucky… You’re losing because someone out there is smarter — and they're hunting your stop.” It’s time you see the real game behind every wick, fakeout, and reversal. This isn’t guesswork. It’s called Liquidity Hunting — and it’s how institutions profit off retail emotions. 💥 What Is Liquidity Really? Everyone talks about liquidity, but let’s break it down clearly: Liquidity = Clusters of pending orders. Mostly stop-losses. Mostly from retail. Mostly sitting in the same obvious places. Where exactly? Right below clean support Right above clean resistance Just beyond that third trendline touch You’ve seen it. Price tags your SL by a few pips… then rockets in the direction you predicted. That’s not a mistake. It’s a setup. 🎯 What Do Smart Money Players Want? They don’t enter like you do. They can’t. They move millions, even billions — they need: A crowd of retail orders to fill theirs A trap that looks like a breakout An emotional wave of buyers/sellers to feed on So what do they do? They build the illusion. They wait for you to bite. And then they take your exit… To enter their position. ⚙️ The 4-Phase Blueprint of a Liquidity Hunt 1. Build the Trap Let price form something retail can trust: Triple tops Equal lows Picture-perfect support zones Trendlines with three or more touches Retail piles in. SLs stack up. Now the trap is ready. 2. Sweep the Zone One violent move. Break support Break resistance Wick everyone out Trigger fake breakouts Retail thinks it’s “the real move.” But it’s just smart money collecting liquidity. 3. Shift the Structure (BOS / MSS) Immediately after the sweep: Price reverses Recent structure breaks Momentum shifts This is your real signal. The Break of Structure confirms: The trap was sprung — and now it’s your turn to act. 4. Enter Like a Sniper (FVG / OB) Now price pulls back to: A Fair Value Gap (imbalance left from the sweep) A Bullish or Bearish Order Block (last candle before the move) This is your entry. It’s clean. It’s logical. And it’s completely opposite from the crowd. 🧠 A Real-World Example Gold is trading near $1,980. There’s clean resistance at $2,000. Everyone says: “If 2,000 breaks, I’m buying with a target at 2,010 and SL at 1,995.” Price spikes to $2,002. They enter. Then… crash to $1,987. All SLs gone. Then… it pumps to $2,020. Sound familiar? That’s the sweep. That’s the trap. That’s the game. ❌ Why Retail Keeps Losing They chase breakouts They place SLs where everyone else does They act on emotion They never wait for confirmation ✅ How to Flip the Script Here’s how to trade like smart money: Spot the Liquidity Zones Equal highs/lows. Obvious trendlines. Clean support/resistance. That’s where stop-losses live. Wait for the Sweep Don’t guess. Wait for the trap to be triggered. Watch for that fake move. Watch for Structure Shift When the market flips direction and breaks a key level — that’s your cue. Enter on the Pullback (OB or FVG) Let price come to you. Your SL is small. Your RR is massive. Your mindset is cold. 🔥 Final Mindset Shift “If I were a bank… where would I trap people?” That’s how institutions think. They don’t trade signals — they create them. They don’t follow trends — they reverse them. They don’t chase — they hunt. Now that you know the game... Trade the trap. Not the bait.
OANDA:XAUUSD
by Lyngrid
10
Nifty Analysis EOD – 17th April 2025🟢 Nifty Analysis EOD – 17th April 2025 🔴 Weekly Expiry Surprise – A One-Sided Short Covering Rally! 📌 Market Background Before jumping into today’s rally, let’s briefly revisit yesterday’s analysis: “Tomorrow’s weekly expiry + a holiday on Friday = high chance of a rangebound expiry day. Even if we get a gap-up due to global cues or news, I’m not expecting a breach above 23,500.” This view was based on the recent expiry behavior and range contraction, especially with the past two days showing just a 170-point range and the last 10 expiries averaging a 192-point intraday range. But today, the market did what it does best – surprised everyone! 📌 Today’s Price Action Nifty gave a one-sided, mind-blowing short-covering rally on the weekly expiry day. IB High + PDH Breakout triggered a sharp move early in the session. Sustained price action above 23,550 in the morning session activated aggressive short covering. This momentum carried Nifty all the way to an intraday high of 23,872. Closing at 23,852, Nifty registered a new swing breakout, moving above its previous highest swing close. 📊 Intraday Movement Stats Total movement: 574 points 🔥 Nifty: +414 points (+1.77%) Bank Nifty: +1172 points (+2.21%) Nifty 500: +277 points (+1.3%) Midcap: +312 points (+0.60%) Smallcap: +61 points (+0.37%) 📌 Key Observations Bank Nifty is now just 177 points away from its All-Time High closing. Smallcap and Midcap underperformance suggests today’s rally was index-heavy – many portfolios might not reflect the same gains as Nifty. 📉 So, What’s Next at 23,850? Honestly… don’t know! Will it push to 24,050? Or take a pause and pull back for a retracement? With Friday being a holiday, we’ll have to wait until Monday for clarity. 📌 Important Levels to Watch 🔼 Resistance Zones 23,950 ~ 24,000 24,050 24,190 ~ 24,225 🔽 Support Zones 23,820 23,660 ~ 23,710 23,500 23,400 ~ 23,430 23,340 23,200 ~ 23,190 🧠 Strategy Insight Don’t chase. Watch price action around 23,820–23,950. Be flexible. Don’t marry a bias. Let Monday’s opening structure guide your next move.
NSE:NIFTY
by kzatakia
Long trade 📈 Trade Breakdown – Buyside (BTC/USD) 📅 Date: Thursday, April 17, 2025 ⏰ Time: 3:00 PM (NY Session PM) 🪙 Pair: BTC/USD 📊 Trade Direction: Buy (Long) Trade Parameters: Entry: 84,552.5 Take Profit (TP): 85,333.5 (+0.92%) Stop Loss (SL): 84,467.5 (–0.10%) Risk-Reward Ratio (RR): 9.19 🧠 Trade Narrative: Entry into the discount zone of a short-term range With the assumption of price expanding towards a local high or imbalance for a buyside trade idea.
Long
by davidjulien369