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Candlestickpattern

Spot A Reliable Bottom Pattern 👀Hi Traders, Investors and Speculators 📉📈 Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. Daytime job - Math Teacher. 👩‍🏫 Are we there yet? Are we THERE YET? Now? How about NOW ?? We can't help it - towards the end of a bearish cycle, we're all wondering - when are we bottoming? In today's chart, I've pulled up a few of my favorite candlestick patterns and chart patters. I find these especially useful in higher timeframes. And yes, there are MANY MORE. These are just some of my favorites. These patterns are what I will be looking for in this part of the cycle (accumulation phase). During this part, there can be lot's of foul play, noise, shakeouts etc. I personally won't be convinced of a reversal until a clear pattern can be observed. While you're here 🖐 Want to know a little more on how to do distributed entry's / dollar-cost-average? See HERE: _________________ 👀 Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎 👍Hit like & Follow 🔔 We thank you for your support ! CryptoCheck
Long
by CryptoCheck-
28
Bitcoin Weekly Green CandlesOver the last 2373 Days, bitcoin has experienced volatility between $1830 and $69,000. During this period, bitcoin closed with a green candle 4 times for 7 consecutive weeks. This week, it will repeats the record by closing green candle for the 5th time in 7 consecutive weeks. In the cycle I mentioned, the green candle could not close for 8 weeks. After the 7th week, it entered the accumulation process between 2 and 12 weeks. During this period, there were decreases of up to 25%. Afterwards, bitcoin came back stronger. I wonder so much. Will we see the 8th green candle next week? When I saw this I wanted to share it.
BITSTAMP:BTCUSD
by falconlinefutures
1
Bearish Bat Confirmed, Shorting Opportunites AheadUSDJPY's Weekly chart confirms the presence of a Bearish Fib-3 Bat Pattern, signaling a potential trading opportunity. One approach to engage this trade involves patience, waiting for a break and close below 146.66 on the 1-hourly chart. Upon confirmation, I plan to enter the trade, anticipating a significant pullback or a setup aligning with the bearish pattern. What are your thoughts or trade plans for USDJPY? Share your insights or strategies below!
Short
by RaynLim
Balancing Bullish Signals And Counter-Trend StrategiesDespite GBPUSD showcasing a bullish trend, I'm eyeing a shorting opportunity on this pair. The daily chart signals the completion of a Bearish Bat Pattern, yet a direct engagement at this level poses considerable risk. To mitigate this, my strategy involves patience, awaiting a market retest on the 1-hourly chart. Coincidentally, this timeframe also displays a Bearish Bat Pattern, offering a more favourable risk-reward ratio with reduced exposure. Share your thoughts or strategies on GBPUSD below!
Short
by RaynLim
Retesting Supports And Resistances - Key Zones RevealedEURUSD offers a spectrum of opportunities catering to both buyers and sellers. For those eyeing a buying opportunity, consider confirmation at the current price for a structured trade on the 4-hourly chart. Alternatively, trend traders might await a retest around 1.0688, targeting a bullish shark pattern setup. On the flip side, if shorting is your preference, keep an eye on a potential retest of support at 1.0896, presenting an opportunity for a bearish trade. Share your trade plan or thoughts on EURUSD's potential below!
Short
by RaynLim
MSFT Making a Typical Bearish DivergenceMicrosoft ( NASDAQ:MSFT ) has been on a bull run since the AI hype started. Despite a correction that pulled it down all the way to $310, it has recovered well and continues to stay strong. However, after analysing its most recent bull run and using the RSI indicator, I have concluded that it has exhausted its bull run and is ready to take another correction. As can be seen in the above image, the share price made a new Higher High on 28th November. A previous high of $376 was achieved on 16th November. During this time, the RSI indicator made a lower high as can be seen in the above image. What does this mean? In the above case, the RSI does not make a new high when the stock price makes a new high. This shows that the momentum is weakening and trend riders may want to book their profits. As a consequence, the share price stalls and with fewer buyers and more profit takers, the likely path for the share price is downwards . Dark Cloud Cover Moreover, the candlestick pattern formation shown in the figure below also shows bearish sentiments. The closing candle on 29th November confirmed the formation of 'dark cloud cover'. Dark cloud cover shows a shift in momentum to the downside. Together with the RSI divergence, it seems NASDAQ:MSFT is headed south. What do you guys think about this?
NASDAQ:MSFT
by jabranstwocents
#AUDJPY potential turnaroundHello dear traders and friends. Let's take a look at the AUDJPY chart and explore the potential bullish move that could happen from around here. As observed in the 4-hour timeframe chart, the overall direction of the price is bullish , characterized by higher highs (HH) and higher lows (HL). The price respects a bullish trendline acting as support, with clear bullish bounces occurring each time the price reaches or gets close to this line. Simultaneously, in the 1-hour timeframe chart, the price is forming a double bottom , corresponding with a bullish divergence between price and the momentum (Stoch) oscillator. The crucial aspect of these two confluences is that they are occurring in an important supportive area, namely the static support area and the bullish trendline, which adds to the possibility of the divergence working out. From a candlestick perspective, we also observe the formation of a bullish engulfing candle in the 1-hour timeframe, which can be interpreted as a morning star if combined with two previous candles. If you've found this analysis helpful, please take a moment to like, comment, or share your thoughts with me.
Long
by mohemati
9
Looking Ahead to the 4th Quarter for $DISNYSE:DIS has been working on a bottom for a long time. The stock has moved up recently due to heavy buying of Dow components for the DIA and other ETFs which require Dow components. Many Families are making Disney Resorts a holiday location this year. The stock now faces stronger bottom completion resistance from the 2nd quarterly report, which sent the stock moving down further until this October. The volume is very low recently, which is partly due to the holiday but also warns of weakening buyer activity at this price level. However, there was Dark Pool accumulation in the base of the bottom, along with some Pro Trader activity evident in the candlestick and technical indicator patterns. This range now provides moderate to strong support.
NYSE:DIS
by MarthaStokesCMT-TechniTrader
TSLA: The Most Important Chart Structures! (D & W charts).TSLA shares are up today, reacting above the 21 EMA seen on the daily chart, which, by the way, is still pointing upwards. What's more, it hasn't managed to lose support at $226, which we nailed in our last public study (the link to my previous TSLA analysis is below this post). Given the technical evidence described above, TSLA maintains bullish sentiment in the medium term, as it has failed to trigger a bearish reversal structure by losing its key support levels. However, it has not yet broken through the previous top of $246.70 so that it could make a higher high again, resuming the pattern of higher highs/higher lows that makes up an uptrend. As mentioned above, only if TSLA loses the $226 area would this trigger a bearish technical reversal pattern on the daily chart, as we would see it making a lower low after failing to break through the previous top of $246 - a classic bearish pivot point. For now, the situation seems to be under control. Now let's take a look at the weekly chart: Here we see why it is so important for TSLA to maintain the bullish sentiment. TSLA’s price is still inside a Descending Channel, which could be part of a huge Bullish Flag pattern, but it must confirm an upwards breakout so it can turn the long-term sentiment bullish again. TSLA is almost there and if it breaks this channel, it could easily look for the next resistance around $300 again. So far, there is no apparent bearish reaction suggesting a top or a correction to the support line of this channel – in fact, TSLA is finally above the 21 ema on the weekly chart again. I’ll keep you posted on this, so remember to follow me and support this idea, if you liked it! Best regards, Nathan.
NASDAQ:TSLA
by Nathan_The_Finance_Hydra
6
#USDCNY long term selling opportunityAs you can see in the chart massive bearish divergence between price and MACD indicator in weekly time frame which can cause a long term selling opportunity. Also price is testing bullish trend line acting as resistance since its connecting the tops and every time price test this trendline sellers jumped into market and drive price lower. Also as you can see we already had bearish divergence in the price before and caused prices to come lower in previous tops
Short
by mohemati
#DXY more downside outlook Hello, dear traders. I hope you're all having a great week. Last week, we were looking to buy the DXY in two areas, which turned out to be very successful, and you can review those details in the attached chart. However, on Friday, the price managed to break below our important daily low, shifting the market structure to the downside. Now, in the 4-hour timeframe, we are exploring potential areas for selling. As the price has been moving higher in the last two days in a corrective manner, it's approaching the first resistance area, which previously acted as support. This area also coincides with the 38% Fibonacci level. Nevertheless, we are more inclined to see the price rise further to test our second resistance area, as it offers a better Risk-to-Reward ratio and aligns perfectly with more bearish confluences. It's important to note that while the 4-hour timeframe has shifted to a bearish market structure, with expectations of further downward movement, the daily timeframe still displays a bullish trend, and this 4-hour move is essentially a corrective move within the daily timeframe. If you've found this analysis helpful, please take a moment to like, comment, or share your thoughts with me.
TVC:DXYShort
by mohemati
10
Breaking Out on 1 hour candle. #Marico Are you looking for a Breakout Stock? It's right here. What's your view on this? Please share. Hope this post adds valuable insights to your trading/investment journey. Don't forget to share with your friends. (Bcz as your friends join you will have someone like-minded with whom you can share and discuss and bring clarity to your learning and life.) *** Disclaimer: Please note that this is only for Study Purpose and not a recommendation. So please do your own research before investing in market.
NSE:MARICOLong
by Trendx2
Bitcoin / Hanging Man CandlestickWhat is a Hanging Man Candlestick? A hanging man candlestick occurs during an uptrend and warns that prices may start falling. The candle is composed of a small real body, a long lower shadow, and little or no upper shadow. The hanging man shows that selling interest is starting to increase. In order for the pattern to be valid, the candle following the hanging man must see the price of the asset decline. .................................................................................................................... We are not registered or licensed in any jurisdiction whatsoever to provide investing advice or anything of an advisory or consultancy nature. and are therefore are unqualified to give investment recommendations. Always do your own research and consult with a licensed investment professional before investing. This communication is never to be used as the basis of making investment decisions, and it is for entertainment purposes only.
COINBASE:BTCUSD
by CryptoTrend-Alerts
Navigating Bullish Trends Amidst Retracement SignalsUSDJPY is currently demonstrating a Bullish Trend . For traders preferring long positions, the Bullish Deep Gartley Pattern on the 4-hourly chart might serve as an attractive opportunity for going long. As part of the strategy, waiting for the market to retest the support level on the 1-hourly chart at 149.26 before entering could be a wise move. Each trader may have a different approach or perspective based on their analysis and risk appetite. Feel free to share your trade plan or insights on how you intend to approach USDJPY!
Long
by RaynLim
Navigating A Weaker Bull Trend For Strategic TradingIt appears EURUSD is currently within a Weaker Bull Trading setup. For trend traders, waiting for a counter-trend opportunity might be a potential strategy. Counter-Trend Traders, here are two considerations for your approach: As the market resides in the supply zone on the Daily Chart, waiting for a double top formation coupled with RSI Divergence could offer an entry point for your trade. Alternatively, keep an eye out for an ABCD Pattern as it unfolds, presenting another counter-trend trading setup. These strategies aim to navigate against the prevailing trend, so it's essential to apply rigorous risk management practices. Happy trading!
Short
by RaynLim
#AUDCAD Bearish structureHello dear friends and traders. Let's take a look at AUDCAD and explore the potential selling opportunity in this pair. As seen in the chart, we have a 4-hour bearish market structure where the price is creating lower highs and lower lows. Consequently, we are only interested in taking short positions for the moment. After the price formed a recent low, it started to develop a bullish corrective move that ended up testing our bearish trendline, coinciding with a static resistance area. Now, if you examine the 1-hour timeframe chart , you'll notice that the price attempted to go above our horizontal arrow line but failed to close above it. This suggests that the recent bullish move could be considered a liquidity-taking activity, and now that the price failed to close above, we may consider opening a sell position. If you've found this analysis helpful, please take a moment to like, comment, or share your thoughts with me.
Short
by mohemati
2
#EURGBP selling opportunityEURGBP exhibits a valid bearish market structure in the 1-hour timeframe, as illustrated in the chart. This structure begins after the price tested an important daily resistance and was subsequently rejected. With this ongoing bearish move, we are inclined to take sell positions in this pair as long as the current structure persists. Upon closer examination, the price tested the bearish trendline and formed a 1-hour engulfing candlestick pattern . When combined with the preceding candles, it resulted in an evening star candlestick pattern. The occurrence of this pattern within a resistance area enhances the likelihood of its significance. The formation of this pattern leaves us with a clean-break area, which serves as an important supply zone where traders may consider selling this pair. Additional bearish confluences include the price testing the 1-hour and 30-minute 200 EMA. For selling this pair, the optimal area to place your stop-loss would be above the previous high. If the price reaches that point, it indicates the end of the bearish trend, and we would then be dealing with a bullish trend. If you've found this analysis helpful, please take a moment to like, comment, or share your thoughts with me.
Short
by mohemati
2
#GBPCHF buying opportunityHello dear traders and friends, let's take a look at this chart and explore the potential buying opportunity. As observed in the chart, we have a clear bullish market structure. Therefore, as long as the price remains above our horizontal arrow, which marks the 1-hour timeframe low in the market, as well as the previous day's low, we are interested in taking long positions. In addition to the market structure, other confluences include the price being above the 1-hour and 4-hour timeframe EMAs, and above the 4-hour timeframe bullish trendline. This recent bearish move could also be viewed as a pullback to the bullish trendline, as indicated in the chart. With the market structure in our favor and supported by a cluster of bullish confluences, we have sufficient confidence to open a long position in this pair. I'll place my stop-loss just below the arrow line because if the price is able to go lower than that, it would signify a break in the structure to the downside. If you've found this analysis helpful, please take a moment to like, comment, or share your thoughts with me.
Long
by mohemati
2
#EURCAD selling possibilityHello, dear traders and friends. Let's take a closer look at the EURCAD chart and examine the potential selling opportunity in this pair together. Firstly, we can clearly observe a bearish trendline in the 1-hour timeframe, connecting lower highs. This trendline suggests the possibility of a bearish bias for this currency. Secondly, when you examine the Daily timeframe for this pair, you'll notice that the price broke above the bearish trendline last week but failed to follow through and has since consolidated around the bearish trendline. This appears to be a false breakout. Furthermore, the price's bullish moves seem to occur in a corrective manner, indicating a lack of clear intention for a bullish move, at least for now. For a more conservative trading approach, you can consider waiting for a bearish breakout of the short-term bullish trendline or simply waiting for a candlestick confirmation to validate a downward movement. It's also worth noting that there's a possibility that the price may test the previous top formed and extract liquidity from there before reversing to the downside. by the way If you've found this analysis helpful, please take a moment to like, comment, or share your thoughts with me.
by mohemati
5