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Candlestick Analysis

Bitcoin (BTCUSD) - $70,000 In The MakingsIt's evident that Bitcoin has not been performing with the same strong flames like Gold, S&P, and Nasdaq as these assets have recently booked all-time high prices whilst Bitcoin is still rangebound between the $50k - $71k mark. However, BTC is up 40%* from the lows, printed on Aug 5th 2024 with the chance of a continued run higher upto $70k - $71k especially if index futures market continues it's bull run. Note Nasdaq and BTC. Correlation is not strong but whenever one goes up, the other follows.
Long
by LegendSince
Dollar Index - Busy Week Ahead. Expect VolatilityFor over 2 weeks, dollar index has been bullish, rallying up to the weekly objective of 103.546 - 104.080 fair value gap whilst also pinging off the daily bearish order block. Bearishness this week down to the most local imbalance @ 103.444 - 103.345 (T1) and 102.993 - 103.031 (T2) would be considered a healthy retracement in the grand scheme of the bull run. Have you not noticed that as the FED and other central banks lower their interest rates (effectively making their money to borrow cheaper) lead to a low resistance liquidity run. Monday - 2 medium events Tuesday - 4 medium, 1 High event Wednesday - 3 Medium - 5 High event Thursday - 4 Medium, 9 High event Friday - 5 medium, 2 High events
TVC:DXYShort
by LegendSince
SoFi Not letting upHello All! SoFi!!! I have been loving SoFi's momentum! As long as you follow the trend here, this chart is pretty straightforward. We got a Low at $7.50, push to the upside to $10, retraced just a little bit with 2 candles (Just missing my alert at $9.50 lol), and it's setting up to make a new High. Targets: $11.50 & $12.00 *DISCLAIMER: I am not a financial advisor. The ideas and trades I take on my page are for educational and entertainment purposes only. I'm just showing you guys how I trade. Remember, trading of any kind involves risk. Your investments are solely your responsibility and not mine.*
NASDAQ:SOFILong
by thattradergirl
2
Selling can continue in INDHOTEL after closing below 678.5 Today selling intensity in INDHOTEL was very high so it can continue tomorrow, Its already trading at support zone, if we see followup selling tomorrow then next support is far away from the current price and can give good profit if price test next support level. Note: Its just an analysis, wait for the price to confirm. Disclaimer: Always follow risk to reward, this is the only key to success in market, no matter how much good a trade is looking we never know the future.
NSE:INDHOTELShort
by smrgrover2
GBP/USD Weekly Neutral/Bullish Outlook (21.10 - 25.10)Happy Monday traders :) On Monday, I observed that the Tokyo (Asian session) failed to take out previous day's high and failed to fill in a daily FVG on EU, leaving a lot of sell-side liquidity yet to be taken .. The buyside liquidity I marked was taken out during the American session. For the following week, I expect a continuation/doji on Tuesday, followed by a reversal on Wednesday, taking out the Draw on Liquidity (DOL) marked, for a liquidity grab, to continue higher. However, if buying pressure is not strong enough , we may continue lower. (This is expected fundamentally due to the conflicts happening, which strengthens the USD.) Ideally, I want to see price go for a grab as mentioned, then rally to my DOL mentioned at the start. From there I would want to look for shorts. However, once again, due to fundamentals, if buying pressure is not strong , we may continue lower.
by bobphamm
Mother Line Stopping moves to Nifty to go ahead.As you can see clearly from the chart with daily candles that mother line of 50 days EMA is stopping Nifty from progressing ahead. Nifty since October 7 is unable to close substantially above the mother line. This is the power of Mother line resistance. Trend lines are merging and Squeezing the Nifty with very less space left for it to maneuver. Nifty is at exact crossroads with possibility of Breakout or Breakdown at time later during this week. To know more about stop losses, trailing stop losses, Profit booking and investment, financial awareness in general, process of investment in Equity or Mother, Father and small child theory read my book The Happy Candles Way to wealth creation. Many People who have read it consider it as hand book and perfect guide to equity investment. You can read reviews of the book or purchase the same from Amazon. The book is available on Amazon in Kindle and paperback version. I am sure you are going to find it of massive use. Once you have read the book, I assure you that you will become a next level investor. The Happy Candles Way to Wealth Creation is a book currently rated highest in the category of financial analysis and strategy on Amazon. Supports For Nifty are at: 24685, 24565, 24065 and Father line support of 200 day's EMA at 23417. (Below 23417 in unlikely situation of some major global escalation Bears will take total control of the market). Resistances for Nifty: 24858, 25017 (Mother line Resistance of 50 day's EMA), 25321, 25469 and 25634. Above 25634 bulls can come back to action. Disclaimer: There is a chance of biases including confirmation bias, information bias, halo effect and anchoring bias in this write-up. Investment in stocks, derivatives and mutual funds is subject to market risk please consult your investment advisor before taking financial decisions. The data, chart or any other information provided above is for the purpose of analysis and is purely educational in nature. They are not recommendations of any kind. We will not be responsible for Profit or loss due to descision taken based on this article. The names of the stocks or index levels mentioned if any in the article are for the purpose of education and analysis only. Purpose of this article is educational. Please do not consider this as a recommendation of any sorts.
NSE:NIFTY
by Happy_Candles_Investment
S&P Bulls Hold Strong, But Is a Market Cooldown Coming?Last week wasn't particularly remarkable. Despite two bearish attacks (on Tuesday and Thursday), buyers still managed to push the market to a new historical high. It was somewhat concerning that they couldn’t sustain the high for even an hour after the open, but since the bearish movement didn’t gain momentum on Friday, the bulls still have the upper hand. We may see some consolidation in the upcoming weeks, as there are signs that the rally is approaching exhaustion (weakening of upthrust, weekly RSI entering the overbought zone, weakness in XLK). However, this market has repeatedly demonstrated its resilience and ability to exceed expectations. The long-term outlook remains bullish, but given these signals, it would be prudent for buyers to downsize their positions and refrain from selling PUTs. Mind TSLA report on Wednesday as it can cause some volatility and act as a trigger.
AMEX:SPY
by hermes_trisme