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Engulfing Candle

TSLA: Road to the All Time High.Hello traders and investors! Let’s see how Tesla is doing today! Ok, so Tesla was added to the S&P 500, and this is giving fuel to the stock right now. In my previous analysis, we discussed Bullish Engulfing , which was our last entry point on Tesla. Now it is too late to buy, but we could see an opportunity here if Tesla does a pullback. And if you missed my previous analysis, the link is below, as usual. For now, since we are trading around $ 490, I see that a pullback to the $ 462 again would be good and would offer some interesting opportunities for the late buyers. But for now, it seems Tesla is going to hit the ATH! Now, let’s see the daily chart: We have a Breakaway Gap here, which could be the start of a new bullish run on Tesla, and this seems to be a recurring movement, as every time Tesla does an accumulation, it triggers a new bull trend after a Breakaway Gap. We saw this movement on Oct last year, then on 1st Jun, Jul 2 and Aug 12. Most of these movements are followed by an increase in volume , which is happening right now too. It is not the same volume seen a few months ago, but it is a start. We are very close to the ATH, and maybe it'll offer some resistnce in the short-term, but we can't count too much on that. Now let’s see the weekly chart: Tesla did a Pennant chart pattern here, and as crazy as it sounds, it is breaking out from it this week. The volume decreased during the movement on the Pennant, which is normal and expected, according to the Dow Theory (the volume must confirm the trend). Now it is too late to buy, as the entry point was the Bullish Engulfing in the hourly chart, but I would wait for a pullback here, ideally around the $ 460 zone. This way you’ll increase the R/R ratio of your trade. Either, this movement seems to be the start of a new upside movement, and Tesla will be very interesting from now on. And if you liked this analysis, please, support it ! And follow me to keep in touch with my daily updates. Thank you very much.
NASDAQ:TSLA
by Nathan_The_Finance_Hydra
19
TSLA: Low volume/low volatility... What to expect next?Hello traders and investors! Let’s see how Tesla is doing today. It’s been some time since my last analysis, so, let me give you guys some updates. And the link to my previous analysis is below, as usual. First, Tesla is trapped inside what I like to call a Trap Zone , trading above the support at $ 406, but under the resistance at the 21 ema, and the price could breakout to any direction from here. The support at $ 406 is strong, but Tesla is coming from a clear short-term bear trend. We had a Bullish Engulfing candlestick pattern on Friday, which was a good entry point, but the 21 ema is stronger than we expected. If Tesla loses the Engulfing’s low, there will be no clear support levels until it hits the $ 379 again. Let’s see the daily chart for more clues: Tesla is inside a congestion , and here you can see clearly why I said that if it loses the blue line, the next stop would be the $ 379 (previous bottom). T he volatility decreased a lot, and the volume is extremely low as well . In this circumstance, it is normal for a stock to do small candlesticks. The 21 ema is flat, meaning we have no clear trend, and the yellow area down there is a possible buy zone , which we can see better in the weekly chart: By looking at this chart, Tesla doesn’t look so bad, right? The long-term trend is clearly bullish, and it seems it is just retesting again the 21 ema in the weekly chart. The yellow area is a triple support level , made by the purple and pink lines, along with the 21 ema. The low volume is acceptable during pullbacks in a bull trend, according to the Dow Theory , and this doesn’t change the fact that the trend is still bullish. But Tesla must do a reaction with good volume to resume the bullish momentum, otherwise, it’ll just keep trading erratically for some time. If you liked this idea, please, support it ! And remember to follow me to keep in touch with my daily analyses! Have a great day.
NASDAQ:TSLA
by Nathan_The_Finance_Hydra
5
ONEUSDT Engulfing SignalHello, Dear Subscribers! Today our Automatic Engulfing Strategy revealed the potential local ONEUSDT price reverse. This assumption has a strong technical analysis confirmation. The violet line demonstrates the 5 bullish Elliot waves (1,3,5 - impulsive, 2,4 -correcting) and 3 bearish (A, B, C). This is the full Elliot cycle. This can be the evidence of the potential rebound almost to the A point price level. The confirmation of this forecast is the ADL line: it finished the decline and became growth, despite the price movement downtrend. We expect the 2.3% price growth from 0.00483 to 0.00494. The alert was automatically executed by SkyRock Signals trading bot.
Long
by Skyrexio
2
USDJPY-Weekly Market Analysis-Nov20,Wk1USDJPY has displayed a very bearish sentiment. On the 1-hourly setup, it has the perfect price for a shorting opportunity with a fantastic Reward is to Risk ratio. The level that you need to watch out is how the market reacts on the trendline, if market bounce at that level, at the minimum stops must be a shift to entry price to prevent a trend-reversal to take your position out. However, if a break and close below the trendline give the bearish setup additional strength.
Short
by RaynLim
#Lesson #3 Engulfing Price Action Candle -- Bullish / Buy Hello Trader's ♥ We Have Today Engulfing Price Action Candle -- Bullish / BUY --------------------------------------------------------------------------- It's Come After Down Wave And It's Make Cover For Last Candle After We See This Candle We Can BUY Direct ---- Best Frame : 4 Hour's - Daily - Weekly Best Pairs : All Markets And All Pairs Win Rate Arrive To 100% Some Times But Average Win Rate 70 - 85 % And You Can Add Free Script To Find Engulfing Candle Just Open Indicator Library And Choose Candles Price Action Patterns And Choose Engulfing Bullish ---- For Any Questions Ask Us On Comments And Wait For New Education Lessons
Education
by Fx_Vanguard
#Lesson #2 Engulfing Price Action Candle -- Bearish / Sell Hello Trader's ♥ We Have Today Engulfing Price Action Candle -- Bearish / Sell --------------------------------------------------------------------------- It's Come After Up Wave And It's Make Cover For Last Candle After We See This Candle We Can Sell Direct And Stop Lose Will Be Up Engulfing Candle Wick --- Best Frame : 4 Hour's - Daily - Weekly Best Pairs : All Markets And All Pairs Win Rate Arrive To 100% Some Times But Average Win Rate 70 - 85 % And You Can Add Free Script To Find Engulfing Candle Just Open Indicator Library And Choose Candles Price Action Patterns And Choose Engulfing Bearish ---- For Any Questions Ask Us On Comments And Wait For New Education Lessons
Education
by Fx_Vanguard
Daily Chart Bullish Engulfing BarPrice action on the daily chart of this pair has now formed a bullish engulfing bar at a longer term support level. If you zoom your daily chart out you will be able to see that this support level is a multi-year level going back into last year. If price can now break the high of the engulfing bar we could look for price to move back higher and into the resistance around 124.97. We could also then start watching for price to make a potential break of that level out higher.
Long
by TaherJalili
XRP/USD: SHORTGoodmorning traders! IF this candlestick engulfs and closes under the candlestick I've circled and also under 0.25000 i will enter a sell. Also every time price closed under the green structure price kept falling until it hit another key zone, eventually price will test the support line of the ascending channel. if price heads back up from here it was testing the psychological level 0.25000 and price will just go back to the consolidation zone and continue consolidating.
BITSTAMP:XRPUSDShort
by lobfxempire