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Candlestick Analysis

GBPCHF SHORTM Bearish, price below Emma's bearish since June, previous M had a huge wick to the downside I expect to fill somewhat fifths position plays out. W Three consecutive weeks price has failed to close above 1.1180 area with this current week also rejecting this area. Price is below Ema's and very strong key area around 1.1170. D Price is currently sitting on Emma's however I expect with a further move down this will change Ema's have been sideways for sometime. Daily candle so far rejecting off key area highlighted in grey price did have a higher push earlier through this resistance only to return. Setup: 4HR bearish engulfing and breakout of trend line/channel awaiting retest on lower time frames as I want this short from a nice pull back sitiuation on possibly 15min but will await next 15 or 1hr close to see situation. Perfect entry would look something like last slide which aint guaranteed to happen :) ICMARKETS:GBPCHF
Short
by MarlyForex1
3
NIKE to "Just Do It" to 2023 Highs? Multi Timeframe AnalysisDISCLAIMER: This is not trading advice. This is for educational and entertainment purposes only to demonstrate how I view this market. Trading involves real risk. Do your own due diligence. Based on my multi-timeframe analysis strategy, I have been looking for setups to go long Nike. Seems like daunting proposition considering Nike's overall weakness this year. That being said, my strategy has rules and my job is to respect the rules. HTF (12 Month): 2023 candle close formed a "Swing Low", which gave me the bullish bias for Nike to trade up to 2023 highs. ITF (2 Week): We see the intermediate timeframe is in a bullish price delivery mode (highs of down close candles are getting closed above). We mark of discount arrays (in this case the fair value gap and 2 week orderblock), and wait for price to trade into that point of interest. ETF (12 Hour): We see price traded down into the 2 week fair value gap. As price is in the area of interest, I take any one of the following entry triggers: 12 Hour CISD (Triggered yesterday, stop below the low) 18 Period MA Entry (Not yet triggered. Stop 120% of 3 period ATR at time of entry) 10h8c MAC w/ Williams Acc/Dis (Not yet triggered. Stop either twice the width of the MAC or 120% of 3 period ATR, whichever is greater) Divergence (Not yet triggered. Stop 120% of 3 period ATR at time of entry). If you have questions about my multi-timeframe analysis approach, feel free to shoot me a message. Good Luck & Good Trading.
NYSE:NKELong
by Tradius_Trades
PLTR signals over boughtPLTR breaks above its upward trend signaling that it is over bought and poised for a possible reversal When stock is trending upwards steadily, seeing it break above its upward trend is a sign of price exhaustion when this occurs we usually a experience a reversal shortly after sometimes stocks going really far into overbought zones before finally turning around. We see the last 2 hours of trading, the stock started selling off when smart money was in control indicating that the stock was too expensive
NYSE:PLTRShort
by ratchet-mint
$JPM 0.618 Bullish Fibonacci, 65m AnalysisHey everyone, I took sometime to chart NYSE:JPM , JPMorgan Chase & Co., on the 65-minute timeframe. Every 6 candles = 1 day. I took a bullish Fibonacci on the low of Aug 5th ($190.90) and dragged it to Aug 30th's all-time high price of $225.48. On Sept 14, price dropped to the 0.618 Fibonacci @ $204.11 and price hovered around the area for the next few days. As of EOD yesterday, Sept 16, price is hitting minor resistance on the 0.5 Fibonacci @ 208.19. I am bullish on NYSE:JPM but not going to take any plays as of yet. External factors like the Fed's decision on interest rate and other economic news have huge influence this week.
NYSE:JPMLong
by Brandonthrives