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Candlestickpattern

NZDJPY - Bullish SharkTo those who trade based on currency correlation, this is one setup you have to look at. On the surface, the NZDJPY and NZDUSD both have a Bullish Shark Pattern on the 1-hourly chart, but if you look closely at the 4-hourly chart, you will be able to see the future of these two pairs differs from one another. On the NZDJPY, the Shark Pattern is more direct, in and out of the setup. However, on the NZDUSD setup, there is a potential trading combo setup. Check out the related ideas at the bottom of my tradingview post to learn more.
Long
by RaynLim
EURUSD-Weekly Market Analysis-Oct22,Wk1The EURUSD is on a Bearish Trend on both Daily & 4-hourly charts. The key resistance level on the Daily chart is at 0.9900, and on the 4-hourly chart, we have a Bearish Shark Pattern that completes within the sell zone(supply zone) at 0.9866. Last Friday, we did an aggressive short on the 1hourly chart based on a potential double top setup that has an RSI Divergence with it. Currently, the setup is a double top with a retracement pull-back. Normally, it is a perfect opportunity for traders to engage in the trade, I don't quite like the current candlestick pattern confirmation. I leave that to you. Related Ideas is at the bottom of the tradingview chart.
Short
by RaynLim
2
AUDJPY / BUY TRADE SETUP!!Ill be monitoring price around the highlighted zone (91.650) early next week to see how price reacts. We should see a bounce at the least which ill be taking long trades to give myself the opportunity to hopefully see price return to the resistance of 95.700. On the daily you can see we have already had one rejection from this support zone, so a nice morning star formation on the daily would be a good indication to take entry's! As always trade smart risk appropriately!!
Long
by jamison_fx
3
UBER: A bullish reversal pattern! Will it REVERSE?• UBER is reacting today, however, this reaction alone is not good enough to characterize a true bullish reversal; • Today it is doing a Piercing Line candlestick pattern just above the previous support at $27.10 (black line) – a bullish reversal structure; • Although this is a decent reaction, it seems it is too soon to tell if this reaction will last long enough. As far as I know, the trend is still bearish, and UBER is heading to fill the last gap at $24.62; • In addition, UBER did a Double Top chart pattern at $33.78, which indicates more sell-off in the mid-term; • Could UBER perform a better reversal sign? Yes, but it must not frustrate this Piercing Line candlestick pattern (meaning, it must not lose yesterday’s low at $26), and it must close above the $27.69 (dotted line); • Why above the $27.69? By doing this, it’ll frustrate the Double Top chart pattern I mentioned above. This point is the previous bottom seen on September/August and the trigger point of this Double Top; • Only if UBER does both things I’ll see a recover to the $33 again (mid-term). The volume must increase as well, as it has been quite low recently. I’ll keep you guys updated on this. Remember to follow me for more analysis like this! Keep in touch.
NYSE:UBER
by Nathan_The_Finance_Hydra
Rebound From Support Line!The price candlestick indicates the price rebound from the MA20 line with a significant price movement due to fresh buying interest on the TANCO. Without volume backed the price uptrend. MACD and OBV indicate a divergence signal hence confirming the price uptrend towards the next price resistance. The price Point of Control (PoC) is 0.295 where a significant volume of buying at that price. To place a bid, use VWAP as a guideline and place the bid below the VWAP line. Let's save TANCO in WL and watch out for significant price movement backed by high volume towards the next price resistance. R 0.310 S 0.275
MYX:TANCOLong
by eskopitehmilo
QQQ: A bullish reaction in a support! What's next?• QQQ is doing a Bullish Engulfing today, a reversal candlestick pattern; • This pattern appeared just above the support at $275 (June 30 low); • If QQQ loses this support, it’ll just resume the bear trend, and the next support is the $268; • However, if it confirms this Bullish Engulfing it’ll trigger a technical reversal, which might take it to the $290; • The $290 is a previous support (Sep 6), and it is supposed to work as a resistance in the future, according to the Principle of Polarity; • In addition, the $290 is where the 21 ema is right now. Yes, the 21 ema is a dynamic indicator and it’ll probably drop more in the next few days, but it is still very close to this area; • If it’ll trigger a mid-term reversal in the future, only time will tell. For now, lets focus on this support level. Remember to follow me for more analysis like this! Keep in touch.
NASDAQ:QQQ
by Nathan_The_Finance_Hydra
1
A Divergence Signal!At the previous price, the candlestick pattern indicates an accumulative phase without continuous buying pressure and significate volume on the previous trade. With the recent trade, the candlestick closed above the MA20 line without being backed by volume where it's below the MA20 line. The RSI indicators indicate a fresh buying interest backed by a price candlestick that is closed above the MA20 line. Interesting to see where MACD and OBV indicators indicate a divergence signal. Hence, align with the candlestick uptrend signal towards the next resistance. Let's save HEXIND in WL and watch out for significant price movement backed by volume towards price resistance. R 0.425 S 0.380
MYX:HEXINDLong
by eskopitehmilo
AMC: A bottom sign! What to expect next?• AMC is still in a bear trend, and there is no reversal sign yet. However, there is a bottom sign on it today, just above a support level (black line at $6.80); • Today’s candlestick pattern is a Bullish Harami, so far, and although it is not the most reliable bottom sign, it appeared in an important support level; • This could make AMC bounce back up to its 21 ema again, but remember, this is not a reversal sign yet, just a temporary bottom sign; • If AMC breaks its 21 ema or does a bullish reversal structure in the next few days, then we can talk about a reversal, but for now, let’s just ´pay attention to the Harami pattern; • In addition, if AMC frustrates this bottom sign, it’ll just seek its next support levels, like the red line at $6.34 - $5.96; • It all depends on how AMC will react from here. I’ll keep you guys updated on this. Remember to follow me for more analysis like this! Keep in touch.
NYSE:AMC
by Nathan_The_Finance_Hydra
2