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Candlestickpattern

BTCUSDT Potential Harami bearish on 1MA Harami bearish, candlestick reversal pattern, is about to occur on 1M chart twice after the All-Time-High event. If this projected drawdown plays out. This indicate a strong bearish signal. Harami is highly reliable in bearmarkets, in which pattern is a signal of top price. A Harami bearish just played on 1W chart. This replication on monthly chart will signal potential lower low, i.e. the bottom 15k of moonbois is nothing but a dream. Greater timeframe, greater reliability. The micro price action is performing like a final phase (E) of distribution pattern of Wyckoff method. Now, on hourly chart, we can see a Head and Shoulders top formation targeting local demand. Also, an Alternate Bat harmonic pattern can occur, projecting price more drawdown, as we can see on chart. Abandoned Baby bearish candlestick pattern is also performing on H4. Oscillator Fisher Transform bearish. Elliot Wave Method ] Bitcoin seems to be ready to ride a route-off of this choppy bear market, as in a turn-point to made the 5th wave of an expanding ending diagonal, in which a bearish impulsive wave can occurs to throw-over this broadening wedge structure. This indicate potential lower low. According to my wave count, Bitcoin is about to accomplish this actuall supercycle, making a wave 4 of an expanding ending diagonal, in which one more supercycle may complete this potential pattern, which a new ATH can surpass 200k. The 5th wave of the ending diagonal, which will be the next bullrun supercycle to complete the wave I of the Grand Supercycle, don't needs to touch the upper trend-line. For the validation of this pattern, the bottom of this actuall bearmarket needs to be accomplished, completing wave 4. Then, the shape of the channel will be definetly drew. If this market respect Elliot Wave rules, a severe bearmarket will occurs to made the Wave II of Grand Supercycle. From a chart pattern perspective, this peak can be consider a pullback to Head and Shoulders neckline in confluence with the back-test to anchored VWAP from ATH. Indicating turn-point. Fibonacci Historically, In all corrections, BTC retraced either 88.6% of the same measured Fibonacci retracement, decreasing more than 80% in it's price from each new all-time-high. As we can see applied on this chart, a drawdown either 50% can be expected. Pivot levels Stablished pivot levels from the sum of HH+HL+Close:3 from the choppy sectors selected. in a fractal manner, the pivot level is a potential area of interest to re-entry. The price can shakeout in this range due to the anchored VWAP from candle of 13-Jun'22 reaction, thus I've pinpoint these levels to be watched. Harrmonic pattern prediction In prediction, a Partizan 2.4 harmonic pattern can be formed on this speculative bottom region, lead price above to 40k supply region.
Short
by firmestudio
SPX: Strong Bullish Reaction.• The SPX did a bullish reaction, just above our key support level at 4,100, which we’ve been monitoring for a few days; • This indicates bullish continuation, and despite the correction this morning, the index still looks bullish; • In the lack of bearish reversal structures, the gap at 4,218 is our next target. So far, there’s no bearish sign on the index; • Yesterday, it did a Bullish Engulfing pattern, and it is quite normal to see short-term corrections after the bullish candlestick – but it must not drop too much, otherwise, it might frustrate the pattern; • 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
1
Someone asked me my view on GoldI was waiting for time to visit my hairdresser while seeing a message left by my follower on my thoughts of Gold. I must highlight this is not any investment or trading advice, but my opinion on the next best price to look at for a buying opportunity, should I choose to long XAUUSD. I'm waiting to long XAUUSD at $1840.29 when the market stabilises and respects the Point D of this Bullish Shark Trading Pattern. One of the way is to wait for the 3-bar reversal as a confirmation signal.
FX_IDC:XAUUSDLong
by RaynLim
The Three Black Crows PatternThe Three Black Crows or as otherwise known Three Soldiers are a formation of price continuation showing how the bears are taking control over the bulls to reverse the trend as we can see here. Price comes down buyers try to push it back up only to be reversed by sellers overpowering them so it falls back down the buyers try again but realise the bear is the almighty and with that last attempt they withdraw from the market causing a big sell off with a strong downward movement when just the bears remain key points: - last attempt of the bulls - price goes up and bears push price down every time - bears in control after a long uptrend shows prelude to sell
Education
by OfficialKieranTrewick
1
The Russell Riddle: which chart is 2008? ($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