Black Friday saleUp to 70% OFF

Candlestick Analysis

NQ Could Potentially Purge Tuesdays's Lows? Price looks like it's heading towards Tuesday's Low. We don't have any major news today so I'm not expecting huge movement but, from what price has shown me, it looks like the next draw on liquidity is Tuesday's low. After price entered and respected the Weekly Imbalance, it displaced lower with energy and retraced back to the 4-hour order block that was responsible for that displacement leg. The first 4-hour order block was respected and price, again, pushed lower creating another 4-hour order block. Now, it looks like price is drawing towards that second 4-hour order block and if it respects that level, then I would like to see price run lower and take out Tuesday's Low. I am not a financial advisor. Trade at your own risk. I am only sharing my ideas and predictions of what price could do and I could be 100% wrong. Stay safe!
CME_MINI:NQZ2024Short
by INVYZNN
Nasdaq (NQZ2024) - Conditions You Want To AvoidFor the swing traders out there with patience to wait before entering, i salute you! Market conditions are torturous at the moment making it challenging to dictate where the next daily draw on liquidity will be. Only those who scalp and utilise the 15,5,1 min timeframes will be able to get a better understanding for what the market is doing and what signatures are being left. With the dollar index printing risk off conditions, is it normal for Nasdaq to still be trading at a premium? Is there a lag? For how long? What will break first: NQ, ES or YM? These are some of the questions I ask myself when faced with conditions like this. I want to see short term, relative equal lows swept @ $19,818
CME_MINI:NQZ2024Short
by LegendSince
Dollar Index - Finally, A Take-Off!If you have watched my previous analysis on the Dollar Index, you will know that the area of 101.994 was a target for weeks but we kept on seeing relative equal highs created. This incentivised smart money to hold proce below in a discount in order to pile in more sell stops as classic retail minded traders would think that because LL and LH's are being formed, their stop will be safe at the next recent highs as the 'trend is your friend' I capitalise of this mantra What we saw was a low resistance liquidity run above daily buy stops, trading back into a macro premium. The question is, will price hold in a premium above 101.994? Price bullish above 101.994 = risk off conditions which equals a higher probability for traders to capitalise on a short-term/medium-term/long-term bearish trend in FX, stock index, precious metals, crypto etc.. Price bearish below 101.994 = risk on scenarios which equals to a higher probability for traders to capitalise on a short-term/medium-term/long-term bullish trend FX, stock index, precious metals and crypto.
TVC:DXYLong
by LegendSince
Technical Analysis of Nike (NKE)Looking at Nike ’s stock on a monthly timeframe, we can clearly observe that it has been in a downtrend since November 2021, following the formation of a Double Top pattern, confirmed by the development of a Shooting Star candlestick. The downward movement has currently paused at a support level (SUP) in the $70 area, where the stock has shown a reaction. At the moment, the stock is trading near a crucial volume level, the Point of Control (POC). Above this level, up to $110, there are significant volumes that could make upward movement more challenging. Bullish Scenario For a bullish scenario, the stock needs to break above the current POC level and the descending trendline. The first target could be the resistance (RES 1) around $110. If it successfully breaks through this resistance with strength, the second target could be the $130 area (RES 2), which has acted as both support and resistance in the past. Bearish Scenario However, if the stock lacks the momentum to break through the POC and the entire high-volume area up to RES 1, the downtrend could continue, with the next support (SUP1) located around the $50 area. This analysis outlines both bullish and bearish scenarios for Nike's stock, offering a clear view of the key price levels to watch.
NYSE:NKE
by Giovanni_Bandini
Nifty again finds itself at make or break level. Mother father supports drawn on hourly candle are gone. Mid channel support is just breached. Shadow of the candle is negative. RSI finds itself at critical level in a pennant. Nifty is still oversold territory in the hourly chart. When everything seems lost we wait for the confirmation that Nifty can give about it's temporary bottom. The support for nifty as of now seem at 24667 Bollinger band bottom support, 24470, 24216 and finally 23942 level. Resistances for Nifty are at 24935, 25147, 25574 and finally 25740. The recovery might be around the corner we can expect a turnaround but probably towards mid-week, weekend or next week.
NSE:NIFTY
by Happy_Candles_Investment
Weekly Forecast & GBPJPY SHORT Trade RecapBias Analysis: Daily is in premium on the minor swing and at equilibrium on the major swing but with the 4H structure still bullish (CT) there is upside potential on this pair. Long entries were within the 1H bullish range and after a correction into EPD at NY open, entry confirmation was received after trade parameters were met. Grade: High Quality Valid What I did well or could've done better - Used pair correlation to increase discretion during entry confirmation Stayed focus during my NY Killzone despite being on the road which avoided a missed position on GJ. DXY: Structure is bullish on DXY from the HTF down to the LTF's but with price in a 1D OB, we could see the reversal from this KI area. The development of price over the initial days of the week will signal how the weekly will distribute. Today, price is within a bullish 1H range with protraction lower at KZ open.
Long
by The_Modern_Day_Trader
DBCORP: Positive Trend with Buy Opportunity on DipsNSE:DBCORP : Positive Trend with Buy Opportunity on Dips NSE:DBCORP is exhibiting a positive trend, but careful attention is needed around key levels due to possible trapped trader zones. A buy-on-dip strategy near support may provide an optimal entry point. Support Zone: 335 – This is a strong area to consider buying on dips, with the last stop-loss set at 325 for risk management. Resistance Levels: 375 / 396 – Resistance here could lead to temporary pullbacks. Watch for a breakout above 396 to confirm strong bullish continuation. Price Action: The stock's behavior suggests some trapped traders, so it's essential to monitor price action closely for false breakouts. A buy-on-dip strategy near the 335 support could offer good risk-reward opportunities if the trend holds. Disclaimer: I am not a SEBI-registered Research Analyst. This analysis is for educational purposes only. Please perform your own research or consult a financial advisor before taking any trading decisions.
NSE:DBCORPLong
by Fight_Bulls_vs_Bear
Top 3 Must-Know Candlestick Patterns for BeginnersGet your cup of coffee or tea ready we are doing a crash course on Candlesticks today I’m walking you through three candlestick patterns every beginner trader should know—Doji, Engulfing Candles, and Hammers (including the Inverted Hammer). These patterns are super helpful when you’re trying to spot market reversals or continuations. I’ll show you how to easily recognize them and use them in your own trades. Let’s keep it simple and effective. Key Takeaways: Doji: Indicates indecision, potential reversals. Engulfing Candles: Bullish or bearish reversal signals. Hammer & Inverted Hammer: Bullish reversal after a downtrend. Trade what you see and let’s get started! Mindbloome Trader
Education
by Mindbloome-Trading
4
EURUSD Scalping-Day trading LONG1st Entry - 15min POI: I decided to open three trades using the OTE reversal strategy within the 0.705 to 0.79 zone, taking advantage of the range between the swing high and swing low. Entry timeframes: 1min Emotions: Calm and confident Risk/Reward Ratio: 3.58 Lot size: 0.5 2nd Entry: Entry Price: 1.0968 Risk/Reward Ratio: 4.53 Lot size: 0.8 Emotions: Calm and confident 3rd Entry: Entry Price: 1.0967 Risk/Reward Ratio: 3.45 Lot size: 0.3 Emotions: Calm, but I entered too quickly, as the price was nearly the same as my second entry. However, I'll close this trade earlier at the STR.
Long
by Jaytradermb
$BTC Ascending Channel - ATH Push Soon?Happy Sunday All, On a few different time frames we can see that a bullish ascending channel has been forming for BTC-- I suspect that if this weekend closes strong, we can see a retest of $64,000 USD for BTC sometime early next week! $66-68k is the real test, I've marked the top line of the now-6-month consolidation period with the 'bulls on parade' note. If we can get above *and sustain momentum above* that line, you are going to need to buckle in! The unemployment numbers came in shockingly low, as the US Jobs expectation was 108k higher than projected. This just might be enough wind in the sails to carry all markets higher. Higher Lows have been formed and currently the RSI levels are healthy, I'm getting bullish folks! What do you think? Bull trap? $250k next? Drop a comment
BITSTAMP:BTCUSDLong
by httpz