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Candlestick analysis

GBPUSD - Weekly Market Analysis - Dec2020, Week3A bearish shark was spotted last week(link at the bottom), the only challenge that we had is that the market was against the support setup, but on our Wednesday Live session the view seems rather clear as the market has a Bearish Gartley Pattern setup on the 1-hourly chart, since that day it has made more than 300pips run. If you had missed the ride, don't chase it. The next level you can look for a shorting opportunity would be at the resistance line, 1.3300. A break and close above the resistance line are not preferred.
Short
by RaynLim
GU perspective on D1I try to explain everything on chart brexit is so important too But there is lots of tradable signals on lower time frame for sure! this is an overall look to price chart on daily time frame! I will share lower time frame signals when market opens. GU / GA / Gold . . . . FOLLOW me so you don't miss those opportunities! . . . . If you liked the idea click like and follow to see more upcoming updates. I'll be glad to know your opinion in the comments. This is just a bit of financial advice, do your own research too.
by peyfx
11
Price Movement Here is my Tesla price movement based on technical analysis. Based on this analysis, I can see the stock price nearing $600 a share or lower by Friday. First, based on the latest three 3hr candles you can see that the price has maxed out at $650. $650 may be the top for Tesla before it tumbles down. Also Bollinger bands are about to cross at the top of the chart initiating a sell signal. RSI is irrelevant in my opinion due to the nature of this stocks fluctuation, however I included it for those who are interested in that piece. MACD is key in this play, it looks as if it will start to trend down. Meaning that bullish strength is weakening. This is a bold claim to make about a very difficult stock to predict, however I am 2 for 3 on my bold claims. ( See AAPL, BABA, and ROKU publications ) Comment your bold prediction below. Love the support from everyone. Thank You!
NASDAQ:TSLAShort
by Myantman101
6
XAUUSDThis is the highest Gold has ever been! After price action reached $2075.28 it started to print LHs & LLs to close out last trading week at $1951.19. I am in bear's favor for now so let's build up confluence. Confluence (3 or more): 1. Strong rejection from Monthly perspective ending with long wick in bear's favor. 2. Order block formed at high end of the curve. 3. P.A. respected 1st test of order block. 4. Over-extended commodity In the event it goes against your initial plan, remain flexible. If the bull's were to reenter the market I would look for a clean B.A.R. of the $2075.28 level. However, even with a break it can still tank before heading higher up due to the zone that's being broken since it was derived from a H.T.F. so it wouldn't be the best decision to risk a lot on buy orders. THIS IS NOT TRADING ADVICE!!! If the bears happen to push price further down then I would utilize the P.P.Z. ($1746.43) as a take profit area along with entries for new orders since there's been significant reactions with price in that particular area dating back some years. I would look to see if the Weekly diagonal support along with the H.T.F. liquidity zone will be reached if it breaks below the P.P.Z. We shall see... Also, if my analysis help YOU in any way, shape or form then please consider donating to the cause. It's appreciated.
OANDA:XAUUSD
by ChrisJTradesFX
USDJPY-Weekly Market Analysis-Dec20,Wk2USDJPY has moved from symmetrical triangle(link at bottom) to sideway bounce setup. The two ends of it, resistance level at 104.69 and support level at 103.72 will be the area of my interest to engage trading opportunity within the box. The major restrain comes in at 104.20 which happen to be the midpoint of the 2 levels. The RSI overbought(shorting opportunity) and oversold(buying opportunity) will be an important filter for the trading opportunity.
by RaynLim
2
GBPUSD-Weekly Market Analysis-Dec20,Wk2Shark Patterns in the Harmonic Pattern setup is the most tricky setup. Last week, you have witnessed 1 of the potential setup of the bearish shark pattern(link at bottom) and we have all seen how the shark pattern was in place and created a strong resistance of the ascending triangle. This week the PRZ zone has moved up to the area and if this level is broken, there will be another level. Yeah, believe it. If the market falls from here, the support level would prevent it to create a free flow, we would expect more of a bounce then a free fall.
Short
by RaynLim
1
NIO: How to do a Multi Time Frame Analysis.Hello traders and investors! Let’s see how NIO is doing today! It hit our target at the 21 ema, as we discussed in my last analysis, and it almost hit the pink line as well. If you missed my previous analysis, the link to it is below, as usual. Now, it is doing a quick pullback, as it should, since it just reached a resistance zone , but there are some points to keep in mind. The red and purple lines are relevant supports for NIO, and the pink line was a support in the past, and it is supposed to work as a resistance now. And about the green line at $ 48.60? This green line is a pivot point . It is going to take some time for NIO to defeat today’s first candlestick, which was quite bearish, and just after it hit the 21 ema, but if it does, it’ll be a great sign. If NIO triggers this pivot point, I believe that the pink line won’t hold the price. Sometimes, a pivot point in the hourly chart can be at the same time a Gift candlestick pattern in the daily chart as well: And in this case, we have a Gift, which is just a small candlestick that appears after a huge one, which is just a correction in smaller time frames. And this is how you do a proper Multi Time Frame Analysis (MTFA), you use the patterns seen in different time frames and build one single story with them. Tomorrow we’ll see if this is a real Gift or not, but so far, NIO is looking good. The volume of yesterday’s bar was great, and it is trading above the 21 ema again, and so far, no reversal sign. And if you liked this analysis, remember to follow me to keep in touch with my daily updates. And please, support this idea if you liked it! Thank you very much.
NYSE:NIO
by Nathan_The_Finance_Hydra
11