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Candlestickpattern

AMC: A top sign! What it takes for it to reverse?• AMC is in a resistance área made by the 21 ema and the black line at $6.80 – which was a previous support level multiple times in the past, now it is working as a resistance, following the Principle of Polarity; • In addition, we see a top sign, as yesterday it did a Shooting Star candlestick pattern, and today it is doing another bearish candlestick; • If AMC loses yesterday’s low it might drop again to the previous support at $5.47 (red line), resuming the bear trend; • By losing the $5.47, the next stop would be only at $5 area; • Could AMC avoid this scenario? Yes, if it reacts quickly and breaks the dual-resistance area made by the 21 ema/black line – preferably closing above it; • This could reverse the trend in the short-term to the $8.15, our next resistance; • Since we have earnings in 12 days, this could enhance the upside (or downside), depending on how the market reacts to the results. Remember to follow me to keep in touch with my analyses!
NYSE:AMC
by Nathan_The_Finance_Hydra
Important news for EURUSD Today we have ECB Interest Rates decision. We should see them going up by 0.75%. No matter what will be the bank's decision, we're going to see big moves on EURUSD. We could see more bullish pressure on EURUSD, but we have to keep in mind that FED is also coming out with their decision soon. That means, whatever upside move we see today, it could reverse pretty soon. That's why, we think the best decision today would be to wait for the news and look for entries after that. Also, price reaching higher levels will only give us a better sell opportunities.
by ForexTrendline
4
SPX: Doing a top sign! Could it correct? Let's see.• SPY is doing a Shooting Star candlestick pattern today; • If triggered, this could lead us down to the next support area around 3,760, near the 21 ema; • This pullback wouldn’t be enough to reverse the bull trend, as the index is still doing higher high/lows since Oct 13; • In this scenario, any bullish reaction above the support would be an excuse to buy; • What could frustrate this bull trend? If the index loses again the support, along with the 21 ema. In this cse it might seek the 3,645 again, or even lower support levels; • For now, let’s pay attention to this Shooting Star and to the support at 3,760 area. Remember to follow me for more analyses!
SP:SPX
by Nathan_The_Finance_Hydra
3
EURUSD continues to rise In the beginning of the week, we talked about price reaching its current levels of 0,9950 and then sell. However, yesterday we had an impulse move up and right now we won't be looking for short positions yet. After such a move, we are actually expecting a continuation higher. Tomorrow we have ECB Interest Rates which is expected to cause more big moves. In case of a continuation higher, we are looking at 1,0090 next! This will be the next level where we will look to sell!
by ForexTrendline
3
An Uptrend Pattern!The candlestick pattern indicates a continuous price uptrend towards the MA20 line backed with high volume. Precaution because the last candlestick indicates a "shooting star" candle, hence, the probability of price correction between the trendline channel or potential resistance area around the price range of the candle. The MACD confirms the price uptrend towards the next price resistance. The RSI indicates a fresh buying interest in the stock. Let's put KAB in WL and watch out for continuous price movement toward the next price resistance backed with volume. R 0.470 S 0.425
MYX:KAB
by eskopitehmilo
EURUSD - 5-0PatternWell, if you guys are aware, I do not usually post an analysis based on M15 timeframe, but this setup is worth watching. The distance between the red and blue line is 43pips, substantial profit between the 2 levels. On the red dotted line, come the completion of the Bearish Shark Pattern and the blue dotted line, Bullish 5-0 Pattern. Candlestick Pattern confirmation is required before one consider it as an trading ideas. p/s do your own analysis and never follow blindly
Long
by RaynLim
5