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Engulfing Candle

XAU(GOLD) Longterm PredictionHi everyone hope you have good moments i have an longterm idea on GOLD according to price action levels and Elliot Wave Analyze. first lets look at Wave analysis. we can see above an impulsive wave that seems to be ending. and after that we expect a deep ABC correction for this compelete cycle. i show this ABC in my chart. there are another possible shapes for this ABC but i illustrate one of them above. after that lets go to keep an eye on price action. GOLD bounces from 1680 support strong with 2 candlestick patterns: 1)bullish engulfing 2)bullish harami so we expect to grow approch 1790 resistance first. probably after that we will see a correction again (WAVE B) and then break this level toward 1860 resistance. this level is the end of wave 4 from prior impulsive wave and the level 50% retracement of impulsive 5 wave too. with a deep look we see 200 day Moving Average around this level. so if something unnormal dont happen , we see this level soon. notice that interest rate set to 0.75 upper to 2.5 and the market price this rate before. and seems inflation peaks and will be go down in front months. dont forget to manage your risks. our first duty is protect our capital after that we think about profits. thank you all for reading my opinion. tell me your criticism in comments and i will be happy.
TVC:GOLDLong
by TraderAmin-KZ
Gold Bullish crab + bullish engulfing - Rocket to 1880Hey everyone, today we have a nice bullish setup on gold based on a bullish Crab (harmonic pattern) which is a pattern with a very high winning rate of 90%, so this trade should go well. Also there is the bullish engulfing which is a trend reversal candlestick where the buyers engulfed the whole bearish candle, meaning that bulls took all the strenght from the market and are now preparing for an impulsion. and also price is above moving average indicator so it is the perfect moment to buy. This trade have a nice Risk to Reward ratio of 1:6. Don't forget to like and subscribe if you want more content See you
OANDA:XAUUSDLong
by UnknownUnicorn41061907
#bitcoin $BTC printind the end of this bear market?BTC has been trending downwards for more than 200 days, and is currently printing a bullish engulfing candle on the weekly timeframe! if we close this candle above the previous candle's open price, which is about $21038 , we can expect an uptrend to start, which is what happened last time we had a bullish engulfing candle at the end of a downtrend: last year, in July let's hope we close above 21k tonight!! could this be the end of the bear market? I think it might be, but we of course need some more confirmation to be sure it really is let me know what you think about this idea! personally opened a BTC long :)
Long
by opop777
4
Buy the support - Range Strategy (+ 3000 points)Hey everyone, I'm very happy to share with you my first chart posted on TradingView. This is a bullish setup on USOIL based on several elements that i've found through technical analysis. Usually the winning rate of this type of trade is around 70%, so if having a correct management of risk its a very profitable idea. Buy Setup USOIL : - price ranging between 90 and 120 bounce on important support - Ema bounce - bullish engulfing aiming for 124 lvl
TVC:USOILLong
by UnknownUnicorn41061907
4
DLF is ready for uptrend hey guys , DLF stock is ready for uptrend as you can see that , this stock was moving in pattern called DESCENDING TRIANGLE and now you can see that , this stock is at its LOWEST SUPPORT POINT , and this stock is also at the , VERY STRONG SUPPORT LINE. One more point to buy this stock is that, this stock is a BULLISH ENGULFING CANDLE , these 3 reasons are giving us confidence to buy this stock and earn HIGH RETURNS BUT FIRST CONSIDER THE GLOBAL SITUATION, I.E INFLATION WAR BETWEEN UKRAINE AND RUSSIA , RISING BANK RATES , AND RISING EXPORT DUTIES ON OIL AND GAS after considering these situations you can BUY this stock AND pls guys , if u liked my analysis comment, like and follow my account 😀😀
NSE:DLFLong
by TRADERS_AREA
XCHUSDT - 10x opportunityOn the weekly chart above: 1) RSI has been heavily oversold for quite some time. 2) Bullish divergence as drawn, RSI forming descending wedge. 3) Price has declined over 90% from ATH. Also the 3D BTC pair below breaks out of resistance quite decisively and prints a bullish engulfing candle (Also BE candle printed on 1W BTC pair. Wow!) Initial targets 41-54 USDT (1.5-1.95x) as marked by fib retracement Timeframe: Weeks Leverage: 3x at most for me (although with these signals printing the probability of more downside is very slim) Hasta luego
Long
by unknownpower
QCOM-Has Two Bullish Patterns!Patterns Identified -Falling Wedge & Bullish Engulfing patterns weekly chart! QCOM filled a gap from November 4, 2021. I can clearly see that QCOM is going through price correction (ranging). If you take a closer look it has popped out of the upper trend line slightly. Take a look at the yellow box to verify. I've identified a bullish engulfing that leads me to believe that the stock has potential to break the channel and move to the upside. However, if it breaks the bottom of our channel, then we should expect to see price go down. However, a falling wedge pattern was identified with confluences (rising volume and momentum). Therefore, I am bullish on QCOM. My entry will be based on these findings to include the patterns identified. A break of the recent candle and channel will be my signal to enter a swing position. *This is not financial advice. Freedom & peace is prosperity, MrALtrades00 Gap up from November 4,2021 Falling Wedge Bullish Engulfing inside Falling Wedge pattern!
NASDAQ:QCOMLong
by MrALtrades00
4