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Candlestickpattern

The Three Black Crows PatternThe Three Black Crows or as otherwise known Three Soldiers are a formation of price continuation showing how the bears are taking control over the bulls to reverse the trend as we can see here. Price comes down buyers try to push it back up only to be reversed by sellers overpowering them so it falls back down the buyers try again but realise the bear is the almighty and with that last attempt they withdraw from the market causing a big sell off with a strong downward movement when just the bears remain key points: - last attempt of the bulls - price goes up and bears push price down every time - bears in control after a long uptrend shows prelude to sell
Education
by OfficialKieranTrewick
1
The Russell Riddle: which chart is 2008? ($IWM W) For the answer, scroll down to the comment section. Two charts of $IWM weekly TF. One chart is current (as of 2/4/2023). The other is 2008 ,up to 4 candles before the 50% drop. Which one crashed 50%? The conundrum: why do we assess current price action as bullish, when a similar pattern resulted in the GFC in 2008? There are many possible answers, none of them wrong. The one that interests me is the possibility that our bias is more extreme when we have experienced (traded) the price history. In this case it means experiencing the climb from the October 2022 lows. The alternative is basing our bias on the price history in a chart but *without* experiencing the returns themselves. For example IWM's similar price action in 2008. Any difference in sentiment would be consistent with studies showing that decisions made from experience often diverge from those based on description.
AMEX:IWM
by gb50k
10
My Anticipation on XAUUSDso with the volume the xauusd is pushing down with help of NFP, i think the trend is changing because the xauusd has already reacted of the monthly high that lead to the down trend in trendline that I showed in my analysis. so I think waiting for retracement and breaking of this present low structure on the daily time frame will confirm a down trend. with the it was shown in my analysis there will be major retracement of the weekly O.B before pushing down again to the monthly O.B. where there will be major push up before coming to take the monthly low.
OANDA:XAUUSDShort
by Jefftrills
2
GBPJPY 4 HR - Using Liquidity to Analyze & Plan for the week.Hey guys, This is my update for GJ for the next week or so. There are so many things that can happen from here, because as we know, the market is never straightforward. These are just a few of my projections and i will slowly eliminate options and adjust my analysis as the week goes by and we start to see changes in both market conditions and price action. I would need to see confirmations at my points of interests (not shown) for me to actually take a trade. But basically, we are still stuck in a consolidation, and we need to wait for price to remove liquidity at either the highs or lows so we can start seeing what price wants to do. Right now, we are sitting in a bullish Fib to go higher, but I am not sure if it is a reversal fib or a retracement fib to go lower. I will definitely need more confirmation. Basically - the way I see the market is that Liquidity, runs everything. Thats why there are so many manipulations and patterns etc. Price will remove buyers or sellers THEN continue in its desired direction. It needs to shake off all the people riding it before continuing and this is why I always say, 'If a setup looks too good to be true, it usually is.' For example - Think of a marathon - If i was a marathon runner why would I run a marathon with a weighted backpack on and ankle weights? I would TRY to run; realize they were weighing me down, then I would throw them off and then continue running. Thats basically how the market is with all the retail traders trying to ride it in all directions. If it wants to start trending bullish for example - It may consolidate for a bit, accumulating buyers and sellers, retrace bullish or even just wick to remove liquidity and all sellers to shake them off before continuing bearish, because the buyers will be removed eventually as price starts trending down. Thats how I see the market anyways and when I learnt to see the market like this and base all my projections/analysis around liquidity, I was able to become more aware of price manipulations and fake outs so i was able to avoid them. Thinking like the banks and 'market makers' is the best way to become consistently profitable, because you will understand how and why price action moves and behaves in order to make money and you find yourself no longer getting stuck in liquidity traps and raids with the other retail traders. You need to see where all the liquidity is on the chart and THEN do your analysis and projections. Ask yourself - - In order to make as much money as possible, what does the bank need to do? - Which way is the most cost-effective way for the bank to move price? Because after all - The market is run like a business. - When you have all of this THEN you can start to do your technical analysis. - Does this look too good to be true? - What are other retail traders looking at doing here? - What does the market WANT them to do ? When I began to ask myself these questions i really started seeing a huge difference in my trading and my consistency and i wish someone had told me this sooner in my journey! :)
by Pmilanoxx_
4
Weekly Engulfing Candle on Crude Oil [ Bearish ] Weekly Engulfing candle on Crude oil is a display of control at our Critical Zone 81-81.40. We have Daily Candles closing Bearish. Some closed bullish but with large top wick rejections of our zone. Which was heavily anticpated this past week with great sell opportunities throughout the week, and lastly to end the week. A $3+ Move to end the week rejecting our zone. patience and the market will offer a chance to jump on the train. Or we may be wrong but we are seeing more evidence for bears. These are the prices and zones I like to trade off. From HTF's all the way down to execution on the Smaller TF's . Always maintaining a 3:1 RR . Safe and defensive but aggressive at times when your planned analyiss plays out. Cheers. Safe Trading
TVC:USOILShort
by ShrewdCatfx
TSLA: This is Important.• TSLA broke our key resistance at $182.50, which we mentioned yesterday, and this is very important, as indicates that the trend might persist (the link to my previous analysis is below this post, as usual); • Now, TSLA is in a clear bull trend, and there’s no top sign indicating a possible correction; • In fact, this Monday TSLA did a Dark Cloud Cover candlestick pattern. That could be a top sign, but TSLA rejected completely this pattern yesterday; • Now that TSLA is breaking our key point at $182.50, it is heading to our next target at $200; • Even if TSLA corrects, any pullback would be an opportunity to buy, because the bias is clearly bullish in the short/mid-term; • I’ll keep you updated on this, as usual. Remember to follow me to keep in touch with my daily analyses!
NASDAQ:TSLA
by Nathan_The_Finance_Hydra
5
Emerged of Buying Interest!The candlestick indicates a significant price movement where the price closed above the MA line backed by high volumes due to fresh buying interest on the stock. The MACD indicates a divergence signal, hence, confirming the price movement to the next price resistance. The RSI is in positive momentum due to emerged of buying interest on the stock. Let's save XINHWA in the WL and watch out for significant price movement backed with volume toward the next price resistance. R 0.275, 0.300 S 0.240
MYX:XINHWALong
by eskopitehmilo
TSLA: Fantastic Reaction. 👍• TSLA is doing an important reaction, as it is trying to reject the Dark Cloud Cover candlestick pattern, our top sign from Monday; • This top sign wasn’t completely rejected yet, but even if TSLA resumes the drop, there are many support levels to hold the price; • The first support is the $154, then the gap area around $146. What’s more, there is the 21 ema, which is ascending right now; • A pullback to any of these support levels could be an opportunity to buy at a cheaper price; • The key resistance is the $182.50. If TSLA breaks the $182.50, then our next resistance level is the $200; • I’ll keep you updated on this, as usual. Remember to follow me to keep in touch with my daily analyses!
NASDAQ:TSLA
by Nathan_The_Finance_Hydra
5
SPX: This Could Change Everything. 👀• The SPX successfully rejected the Below the Stomach candlestick pattern from yesterday, and it failed in breaking the support at 4,015; • This is a sign of strength, and makes a correction to the 21 ema less likely; • The trend is still bullish, as it is still doing higher highs/lows, above the 21 ema (D), and there’s no clear reversal sign on it yet; • Although the SPX rejected the Below the Stomach from yesterday, it has yet to break the resistance at 4,100; • The 4,100 is a bullish pivot point, as seen in the weekly chart, and would be the first one since the bear market started in January 2022 - this could change everything and put an end on this bear market. The index already did an upwards breakout from the Descending Channel seen in the W chart; • For now, the key points are 4,100 and 4,015. I’ll keep you updated on this. Remember to follow me to keep in touch with my daily analyses!
SP:SPX
by Nathan_The_Finance_Hydra
3
EURUSD before FEDToday we await the announcement of interest rates by the FED. This is the most important news right now and is sure to cause movement. Bear in mind that there will be press conferences 30 minutes after the announcement. Yesterday we discussed the buying zone which is already reached and we have a rise. It’s important to see confirmation of this movement after the news. Only then we can enter into new trades. If we see new rise, the first target will be 1,1000. In case of a clear movement we will be looking for further targets.
by ForexTrendline
6
SPX: Bearish Pattern Below a Resistance! 🤔• The SPX did a top sign, as it lost our 21 ema (1h) yesterday, and it did a quite powerful bearish candlestick pattern in the daily chart: A Below the Stomach pattern; • This reinforces our thesis that the index wants to correct, and the 21 ema in the daily chart becomes a technical target in this scenario; • The problem is that yesterday the index failed in breaking the 4,015 (red line), and if it does a clear reaction around this area then our thesis might get frustrated; • It seems the index is trying to react this morning, but it has yet to reject this Below the Stomach pattern seen in the daily chart; • I’ll keep you updated on this, as usual. Remember to follow me to keep in touch with my daily analyses!
SP:SPX
by Nathan_The_Finance_Hydra
4
TSLA: A Dangerous Situation.• Yesterday, TSLA did a classic bearish candlestick pattern: a Dark Cloud Cover; • This is a top sign, and this could bring more correction ahead. The next technical support is at $154, while there’s an open gap at $146.41; • TSLA failed to hit the technical resistance at $182.50, and this is a sign of weakness, and reinforces the idea of a correction, at least in the short/mid-term; • For now, there’s no technical reaction that could frustrate the DCC pattern, but I’ll keep you updated every day on this. Remember to follow me to keep in touch with my daily analyses!
NASDAQ:TSLA
by Nathan_The_Finance_Hydra
1