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Candlestick analysis

Audius AUDIOUSD - Head and Shoulders + Strong coin! NEW ATH- Audius - AUDIO Rank #221, Volume 24h $23,243,503. - The price is forming an head and shoudlers pattern on the daily chart! - Currently the price is above the 200 Moving average! - ALL TIME HIGH resistance is the first target, but i belieave we can do much more. - For expected duration of the trade, probability, stop loss, profit target, entry price and risk to reward ratio (RRR) - please check my signature below ↓ - If you want to see more of these ideas, hit "Like" & "Follow"!
Long
by UnknownUnicorn2537518
18
NVDA: Watch this key point closely for the short/mid-term.Hello traders and investors! Yes, NVDA is behaving amazingly well recently, and I have some updates for you. In our last analysis, we identified the $ 198.80 as the key point here. Indeed, once defeated, NVDA went up for a while, but now it is correcting again, only to meet the 198.80 another time. Now, this price is supposed to work as a support for NVDA, as it was previously a resistance. This is all about the Principle of Polarity , which we also discussed in my last analysis (link below). It seems NVDA will react near this support level, which is great, but it gets more interesting: We have another support, which is the 21 ema in the daily chart , and it is very close to the 198.80. This is a dual-support level, and it won’t be easy for NVDA to lose it. It won’t be easy, but not impossible . If it actually loses it, probably we’ll seek the $ 187.41 again. In the worst-case scenario, we would see NVDA at its Fibonacci’s Retracements. The reaction in the 1h chart is good, but I would be happier and more convinced of a bullish movement to the All-Time High (ATH) if we see a bullish candlestick in the daily chart too, for confirmation sake. Either way, NVDA will do its movement soon. If you liked this analysis, remember to follow me to keep in touch with my daily updates. Have a good day.
NASDAQ:NVDA
by Nathan_The_Finance_Hydra
4
UBER: Complete analysis (H, D and W charts).Hello traders and investors! Let’s see how UBER is doing today and do another complete Multiple Time Frame Analysis (MTFA)! The stock hit a top at $ 44.64, and now it is doing a pullback. We have two good support candidates in the 1h chart, which are the 38.2 and the 61.8% Fibonacci Retracements . The 38.2% is at the 21 ema too, and the 61.8% is at the $ 41.86, which we’ll talk about later. If UBER reacts near these support levels, it could trigger the pivot point at $ 44.64, reversing the trend for good in the short/mid-term. Today’s candlestick pattern is called Bullish Engulfing , a bullish reversal pattern, just above the support at $ 41.86 (no, it is not the time to talk about it yet). The volume is good, and if we defeat today’s high ( coincidently, the pivot point in the 1h chart ), the bullish pattern will be triggered. If we lose today’s low, then the bullish thesis will be invalid (or at least, delayed). Ok, do you remember the $ 41.86? This point was the pre-covid ATH , and a previous resistance on UBER, which now it is working as support in the weekly chart. What’s more, we have a Hammer candlestick pattern, which might reinforce our bullish reversal thesis. Surely, it is an interesting stock to keep in our radar. If you liked this analysis, remember to follow me to keep in touch with my daily updates. Thank you very much.
NYSE:UBER
by Nathan_The_Finance_Hydra
GBPUSD-Weekly Market Analysis-Aug21,Wk1An emerging bullish bat is about to form within the buy zone(blue box) is usually a great setup for a buying opportunity I will engage. However, this setup wasn't the Grade A setup and that is because Point C is a double-top, for such a setup it poses a threat of a break and closes beyond Point D completion. As a thinking trader, I will be waiting for a candle confirmation at Point D, before engaging the buy trade, and even better, if the market retraces back to 1.3950 before the Bat Pattern completion, I will head for the shorting opportunity.
Long
by RaynLim
1
Disney To Hit $180 This Week Disney is looking to hit and even pass $180 this week, even with earnings approaching. I will divide this analysis into 3 sections; Technical Analysis, Earnings, Fundamentals. Technical Analysis: -45min candle stick chart shows a green candle in the latest 45min segment. -Divergence+ Shows growing bullish divergence as indicated by green shadow between latest candles, based on this shadow there is indication that there is still room to fall as the cloud does not have an outline ( below 40 RSI ) and does not yet have a buy signal. -Elliot wave analysis shows that our second wave may have been broken and will be safe to make a decision about buying after 2 45min segments to make sure this is indeed a break. -MACD shows weakening bearish divergence & signals that bulls are taking control, something to watch Monday. -Guth 3x Confirm shows that price and volume are low in comparison to MA and is about to initiate a buy signal Earnings: Trading near and during earnings is extremely risky as investors could increase their position ahead of earnings or decrease their positions. Especially institutional investors trying to avoid volatility. However DIS has a track record of beating earnings. Fundamental analysis: Do you think the Delta Variant of covid will impact the market this week? Or will investors shrug this off? Would love to hear your thoughts in the comments.
NYSE:DISLong
by Myantman101
11
EURUSD-Weekly Market Analysis-Aug21,Wk1If you have missed the buying opportunity that I spoke about last week, you missed 127pips of potential profits, which is 1,270USD/lot traded. It is better to get a Coach, especially for this kind of thing in life. If you are looking for a buying opportunity, you can look at 1.1838 for a buying opportunity on an Emerging Harmonic Pattern, a Bullish Shark Pattern. If you are looking to short towards the shark pattern, make sure you know what you are doing and the area that makes that possible is between 1.1877-1.1894. Which side of the trade will you be taking?
Long
by RaynLim
1
USD JPY 27 - July - 2021 USD JPY SHORT Trade it based on what market will do next hours I used 100 MA and 3 MA to define the trend on daily chart. I used fibs from lowest point after trend changed to see the levels On daily/ weekly/ monthly chart I identify " Bearish Harami " that indicate me a possibility of trend change . Bearish scenario : I aim for the lowest price of the month If current 4 H candle will close under 110.000 I will go short using following entry price, stop and TP I will entry at 109.980 My SL is @110.230 that's 250 Pips lose My final TP is @ 109.083, that's a 897 Pips gain Overall I have 3.59 R/R After price hit at least 1-1 R/R, I move SL to entry point so I will limit any kind of loses.
Short
by Andrei_C
NIO: Could it reverse or not?Hello traders and investors! Let’s see how NIO is doing today! First, we had a powerful candlestick today, which could be seen as an Ignition Bar , but it wasn’t triggered and it seems it is losing strength. Either way, we have a pivot point at $ 44.87 , and if defeated, this could cause a mid-term reversal on NIO. For now, there’s nothing indicating that we’ll see something good around, but we have no bad news either. The $ 46.99 seems to be a strong resistance for us in the short-term, and a point to keep our eyes on. In the daily chart, NIO is just struggling around its Fibonacci’s Retracements , and unlike other Chinese stocks like BABA, JD and PDD, it is not crashing. Point for NIO. So far, the stock is quite resilient, and if it triggers the pivot point in the 1h chart, the odds are that it’ll trigger the Inverted Head and Shoulders chart patter n seen in the daily chart. The neckline is the $ 46.99 which we talked about in the 1h chart. On the other hand, if we lose today’s low and seek the 61.8% retracement, then the bullish thesis will be completely ruined. We have many key points to look at, and a long week ahead. If you liked this idea, remember to follow me to keep in touch with my daily updates, and please, support it if it helped you! Thank you very much!
NYSE:NIO
by Nathan_The_Finance_Hydra