Asian Paints , one of India's largest paint companies, is showing promising technical signals for a potential swing trade. Reasons are listed below: 3000 Zone as Previous Resistance : The 3000 level was a significant resistance zone that the price has now broken and retested, indicating a strong bullish sentiment. Dragonfly Doji on Daily Timeframe : The...
This is not a common occurrence, has to confirm, anyway if you are here, watch it carefully and happy EOY.
PYPL is currently on a downtrend, but there are multiple signs that the current trend might reverse. Price is falling while the Commodity Channel Index is rising - this is a very obvious divergence ... and an indication of a potential trend reversal. Taking a closer look at CCI and Price, we also see hidden divergence a couple of days ago (lower lows vs higher...
UPS looks prime to rip higher with a strong bullish close and break of mid day pennant upwards
IEA LONG - rounded bottom, LT uptrend in place has touched overhead resistance area multiple times already and I expect it to break through today or tomorrow, 1st target $13 level HHs and HLs Fundamental: Earnings surprise, positive
A little bit of foresight here but looking bullish on the weekly to test the top line of resistance which would create the Dragonfly Doji. We will look to make considerable BTC gains. Waiting till the monthly close before we get too excited!
Does bitcoin look to be moving upwards on a longer term trajectory? Looking from a daily view (1 day bars), the short term SMA moved above the longer term EMA near the beginning of April (08 Apr 20), and seems to have established itself there for the past approx. 4 weeks. Additionally, drawing trends on the highs and lows from the lead up to the move of the SMA...
Hi Traders! The market was in a downtrend in the last weeks. It was moving in a parallel channel with some fake breakouts. Furthermore, the price was under the 50 period moving average until now. The market broke out of the parallel channel and retested it 7 bars later. Our retest-candle is a dragonfly-doji which means bullish strength. Now it could possibly move...
In the current downtrend, a dragonfly doji may signal a price rise is on its way. 'The long lower shadow suggests that there was aggressive selling during the period of the candle, but since the price closed near the open it shows that buyers were able to absorb the selling and push the price back up'
aud/nzd need to go back to his resistance around 1.1000 We see an out side bar monthly(orange bar, that means it goes higher to his colour green) In a 4 hour chart I see a dragon fly, so it's definetly a buy oppurtunity.
This idea is based on some historical analysis of previous top patterns in addition to some Elliott Wave analysis. One of the things to note is that every major high and subsequent deep correction that has occurred since the 2017 high has exhibited 1) a high, 2) a rapid drop or dragonfly candle that quickly gets bought up, and 3) a subsequent lower high. Only on...
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AMEX:SPY From a technical analysis perspective this bounce is over. I explain why via video. Simple TA.
Just check it your self www.investopedia.com www.investopedia.com
Description: FXAndalanBangsa found a Bullish Max Dragonfly Harmonic Pattern formation on H4 Chart Time frame. BUY GBPUSD @ 1.2826 SL @ 1.2791 (35 Pips) TP @ 1.2886 (60 Pips) Enjoy our limited Content and Setups, leave us a like and Comment!!
Dear all, it should be evident from IWMs recent price action that this level and pressure of selling is not consistent at all. She is way oversold and ripe for an upward bounce please see verbiage in the chart to see exactly why. While I would not be surprised to see sideways consolidation or potentially even a new bottom (not likely) it should be clear the path...
GBP/AUD could see a bearish reversal as price seems to have rejected the daily resistance level of 1.8185 and as a result forming a dragonfly doji on the H4. Along with the early hours of today where price failed to break this key area of resistance yet again. There is bearish RSI divergence occurring on the H4 which suggests the strong bullish momentum could be...
On a 4 hour chart we can see Bulls losing steem. First a dragonfly doji candlestick formed which represents big amount of bearishness. Few hours later a Tweezer tops formation can be seen. If BTC closes like that, we could see another fall to the new lower lows (5400-5700) as third Elliot downtrend wave will start forming (usually the nastiest one). Other...