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Candlestick Analysis

$COIN Spinning Stop Candle in Downtrend; ReversalWe have 7 days of straight beating, assault, slaughter and murder. Do I think this thing reverses 10 fold? No but do I expect a bounce into the mid 220’s? Yes. RSI is relatively low (sold) for its name, it fundamentally smashed earnings and the candle here that closed on the daily is known as a spinning stop with a green closure. Expect a volatile move soon - tomorrow or and into Friday. NASDAQ:MSTR held up well today. This is always a craps shoot, no matter the trade, no matter the look of the chart and all the indicators we use. It just creates an edge. Good luck. I’m going to look at calls here for a bounce. Wall Street Loser.
NASDAQ:COINLong
by wallstreetloser001
4
WTI Crude: Uptrend on the Brink—Break or Bounce Ahead?WTI crude oil is testing key uptrend support, offering fresh trading setups depending on how the price action evolves. With Tuesday’s bearish key reversal candle, RSI (14) trending lower and MACD confirming the bearish momentum signal, a downside bias is favoured. However, with crude already down sharply—and past rebounds from the trendline often proving violent—patience is key. A clean break below the uptrend could open the door for shorts, with a stop above for protection. Buyers have stepped in around $67–$66.33, making that a key zone to watch. A break lower would put the September 2024 swing low in play. If support holds, the setup could be flipped. Longs could be established above with a stop beneath for protection. Former channel support sits near $69.60 today—making it an initial upside target—with Tuesday’s high around $71.30 next on the radar. Good luck! DS
NYMEX:CL1!
by FOREXcom
Incoming $1trillion dollar correction for crypto people... ** weeks ahead ** Is the market top in? This next move in the market will certainly convince the crypto folks that it is. According to social media, Youtube influencers etc.. the bull run is just beginning. That is in despite of a swathe of News article headlines “Bitcoin reaches new all time high $100k” and the janitor I have not spoken to in 10 years asking me if I'm buying Bitcoin. The signs are there. On the above 6 day chart, the TOTAL crypto market capitalisation, currently 3.57 trillion dollars price action has risen 46% since the November breakout. A number of reasons now exist for a bearish outlook: 1) Price action and RSI support breakdowns. Indeed the November breakouts requires confirmation of support on past resistance to allow for continuation. That's a long way down. 2) Support is exactly $1 trillion below at $2.57 trillion. 3) Price action is at a significant Fibonacci extension, look left. 4) This signal is found across the entire crypto market on both 6 day and weekly charts, in other words there is confluence across timeframes. That is important. Is it possible speculators keep throwing good money after bad in the hope price go up? Sure. Is it probable? No. Ww Bulls make money. Bears make money. Pigs get slaughtered. TOTAL3 - Hanging man OTHERS total - Hanging man
CRYPTOCAP:TOTALShort
by without_worries
67
Mastering Candlestick Patterns for better trades!Candlestick patterns are a powerful tool for identifying market sentiment and potential reversals. Let's break down some key single and double candlestick formations seen in this chart: 🕯️Single Candlestick Patterns: - Doji – Represents indecision in the market, signaling a potential reversal. - Inverted Hammer – A bullish reversal pattern after a downtrend, indicating buyers are stepping in. - Long-Legged Doji – Suggests market uncertainty; watch for confirmation before taking a position. - Bearish Closing Marubozu – A strong bearish signal showing sellers' dominance, with no upper wick. - Bullish Opening Marubozu – A strong bullish candle with no lower wick, signaling a potential uptrend. 🕯️Double Candlestick Patterns: - Bullish Engulfing – A strong bullish reversal pattern where the green candle fully engulfs the previous red candle, signaling buying pressure. - Bullish Harami – A potential trend reversal where a small green candle is "inside" the previous large red candle, indicating a slowdown in selling. - Cross Doji – Suggests hesitation between buyers and sellers, often appearing before a reversal. How to Use Them in Trading? ✔️ Combine candlestick patterns with indicators like RSI, MACD, or Moving Averages for stronger confirmations. ✔️ Look for patterns near key support and resistance levels to increase reliability. ✔️ Always wait for confirmation before entering a trade!
CME_MINI:NQ1!
by SmartSignalss
HCA Advances as Tech StumblesHealthcare is the leading sector so far this year, and some traders may see opportunity in hospital operator HCA Healthcare. Today’s weekly chart considers the all-time high above $410 in October, followed by a substantial pullback. Prices stabilized early this year around $290 (near the low from last April) before bouncing. The stock also based around an earlier peak from June 2023. Both of those points suggest new support has been established at old resistance. Second, last week saw a bullish inside candle, which may suggest HCA has stabilized after the fourth quarter’s big slide. Third, holding current levels or moving upward through Friday would produce the highest weekly close since November. Finally, sector rotation may be an issue with investors mostly shunning large-cap growth in favor of non-cyclical safe havens. (Recent weeks also show outperformance in consumer staples and REITs, according to TradeStation Data.) TradeStation has, for decades, advanced the trading industry, providing access to stocks, options and futures. If you're born to trade, we could be for you. See our Overview for more. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options or futures); therefore, you should not invest or risk money that you cannot afford to lose. Online trading is not suitable for all investors. View the document titled Characteristics and Risks of Standardized Options at www.TradeStation.com . Before trading any asset class, customers must read the relevant risk disclosure statements on www.TradeStation.com . System access and trade placement and execution may be delayed or fail due to market volatility and volume, quote delays, system and software errors, Internet traffic, outages and other factors. Securities and futures trading is offered to self-directed customers by TradeStation Securities, Inc., a broker-dealer registered with the Securities and Exchange Commission and a futures commission merchant licensed with the Commodity Futures Trading Commission). TradeStation Securities is a member of the Financial Industry Regulatory Authority, the National Futures Association, and a number of exchanges. TradeStation Securities, Inc. and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., both operating, and providing products and services, under the TradeStation brand and trademark. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Visit www.TradeStation.com for further important information explaining what this means.
NYSE:HCA
by TradeStation
1
Go long crude oilDear Traders, Currently, crude oil continues its downward trend, though the pace of its decline has moderated, showing signs of bottoming out. Moreover, oil has now pulled back to the critical support zone around the 68 level. Should oil fail to decisively break below this support, a technical rebound could occur at any moment. Additionally, with oil’s relatively low valuation, it becomes increasingly attractive in the market. For short-term trades, I favor initiating long positions on crude oil, with an initial target of a rebound toward the 69.5-70.5 zone, which seems well within reach.Bros, profits are the ultimate goal in trading. Accumulating profits is what changes lives and destinies. Choosing wisely is far more important than just working hard. If you want to replicate trade signals and earn stable profits, or if you want to deeply learn the correct trading logic and techniques, you can consider joining the channel at the bottom of this article!
TVC:USOILLong
by Trader_Marvin
Learn How to Trade Cup and Handle Pattern on Forex & Gold If you are studying a price action, you should definitely know how to identify and trade Cup and Handle pattern formation. Being applied properly, it can generate big profits. In this educational article, I will teach you how to identify this pattern. We will discuss its psychology and I will share with you 2 trading strategies. 📏And let's start with the structure of the pattern. The pattern has 3 important elements: Cup - long-term correctional movement that tends to move steadily from a bearish trend to a bullish trend. Handle - short-term correctional movement with signs of bullish strength. Neckline - upper horizontal boundary of the pattern - a strong resistance that the price constantly respects. ⚠️Being formed, it warns you about a highly probable coming bullish movement. The trigger that confirms the initiation of a bullish wave is a breakout of the neckline of the pattern and a candle close above. Here is the example of a completed C&H with a confirmed neckline breakout, indicating a highly probably coming bullish movement. Depending on the preceding price action, Cup & Handle Pattern can either be a trend-following or reversal pattern. 📉If the pattern is formed after a bearish impulse. It is considered to be a reversal pattern. Here is the example of a reversal C&H that I spotted on EURUSD. 📈If the pattern is formed at the top of a bullish impulse , it is considered to be a trend following pattern. Here is the example of a trend following C&H that I spotted on GBPJPY. The thing is that while the price forms the C&H, buying volumes are accumulating. Even though, buyers are hesitant and reluctant initially, their confidence grows, and the accumulation leads to explosive neckline breakout. There are 2 strategies to trade this pattern. ✔️ Strategy 1. That approach is quite risky , but the reward can be quite substantial. You should monitor the price action when the price is creating a handle. Occasionally, the price starts trading in a falling channel: parallel or contracting one. Your trigger will be a bullish breakout of its resistance and a candle close above. Once the violation is confirmed, you can buy aggressively or set a buy limit order on a retest. Stop loss will lie below the lows of the channel. Target will be the closest key resistance. Here is the example of the handle being a falling channel. ✔️ Strategy 2. Wait for a breakout of a neckline of the pattern. Once a candle closes above that, it will confirm the violation. Buy the market aggressively or set a buy limit on a retest of a broken neckline then. Stop loss will lie below the lows of the handle. Target will be the closest key resistance. Here is the example of the trade based on a confirmed breakout of a neckline of C&P on NASDAQ Index. Applied properly, the strategies may reach up to 70% win rate. As always, the best pattern will be the one that forms on a key level. Try it, test it, and good luck in your trading journey. ❤️Please, support my work with like, thank you!❤️
FX:XAUUSDEducation
by VasilyTrader
1
Continue to short gold after the reboundGold's decline yesterday found support around the 2888 level before staging a rebound, and it has now recovered to the 2925 area. Although the bulls have begun their counterattack, their momentum appears significantly weaker compared to previous recoveries, indicating a growing lack of confidence among bullish participants. Yesterday’s downward breakout from a period of sideways consolidation pushed gold through multiple key support levels and decisively breached the 2900 mark. This demonstrated strengthening bearish momentum, driven by profit-taking from earlier positions and an influx of panic-driven selling. Despite the current rebound, it’s likely just a technical correction following the sharp drop, providing more opportunities to short gold. As gold’s price action shifts lower, the 2925-2935 zone now stands out as a prominent short-term resistance area. For short-term trades, we can use this zone as a key level to initiate fresh short positions. Gold is likely to retest the 2890 support area, and a decisive break below this level could open the path for further declines toward the 2870-2860 region. Bros, profits are the ultimate goal in trading. Accumulating profits is what changes lives and destinies. Choosing wisely is far more important than just working hard. If you want to replicate trade signals and earn stable profits, or if you want to deeply learn the correct trading logic and techniques, you can consider joining the channel at the bottom of this article!
OANDA:XAUUSDShort
by Trader_Marvin
Gold Bulls on Notice: Cracks Forming in the Rally’s FoundationTraders should be alert to the growing risk of a downside move in gold. Bullish momentum underpinning the rally has weakened over recent weeks, alongside shaky price action. RSI (14) has diverged from price, setting lower highs even as the latter briefly hit record levels. The bearish momentum signal has been confirmed by MACD, which has turned lower decisively. While bulls defended uptrend support on Tuesday, resulting in a decent bounce, that’s unlikely to perturb bears given the increasingly unconvincing technical picture, punctuated by the bearish engulfing candle delivered during the session. If we were to see a sustained break of the uptrend, keep a close eye on the price action around $2882.40—a level bullion tested either side on multiple occasions earlier this month. A break below could open the door to $2390. Good luck! DS
FOREXCOM:XAUUSDShort
by FOREXcom
2
Any rebound is an opportunity to short goldAs I mentioned in my previous article, after a period of sideways consolidation, gold chose to break downward—signaling greater downside potential. We perfectly captured the shorting opportunity around the 2935-2945 resistance zone. Gold not only successfully hit the 2910-2900 target area but even exceeded my expectations, with the price bottoming out around the 2888 region. This was an excellent short trade, and I personally gained over $10K in profits from this position. Currently, gold is hovering around the 2890-2888 region, and while the downtrend has momentarily slowed, the bulls have yet to mount any effective counterattack. This indicates weakening bullish sentiment, and with earlier profits being cashed out alongside follow-up and panic-driven selling, the bearish trend is likely far from over. Breaking below the 2890 support further opens the door for continued downward movement, increasing gold’s potential for deeper declines. For short-term trades, any rebound in gold’s price could present fresh opportunities for short positions. We should closely monitor the 2910-2920 area for potential entries to short gold once again.Bros, profits are the ultimate goal in trading. Accumulating profits is what changes lives and destinies. Choosing wisely is far more important than just working hard. If you want to replicate trade signals and earn stable profits, or if you want to deeply learn the correct trading logic and techniques, you can consider joining the channel at the bottom of this article!
OANDA:XAUUSDShort
by Trader_Marvin