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Gravestone

DDOG of the DAQ?NASDAQ:DDOG is struggling to make new highs. It needs to hold this support. The doji that formed at the end of the day does not bode well for a breakout. Does this mean their dream to chase down NASDAQ:SPLK market share may have to wait? Bullish Case - This is a tough level but not impossible. If they can add more value to shareholders, it can attract more investor support. Earnings are due sometime in August or sooner, so this can provide what we need to break out. 91.80 is not a bearish level to watch but a discount for bulls to buy in. Bearish Case - Bulls are trying and failing all at once. How can there be a golden cross and yet no new high? That means we will retest the 50 and possibly the 200, which BOTH are below the bearish level that will become resistance when we break it. This gravestone doji will play true and destroy supports along the way as we blow past the 91.80 price. Conclusion - Consolidation after having a very bullish signal is a sign of accumulation, but the bears hold serve by dishing out a gravestone at the end of the day. This is why 91.80 is both a support and the potential curse if price breaks below. Can the bulls keep the accumulation going for 3 more weeks? Bullish above - 102.88 Bearish below - 91.80
NASDAQ:DDOGShort
by JDTheGreat
Reversal Signs Continue in Palm Oil MarketFCPO closed higher at 5539 after gap filled at 5612 by last Friday but posted weekly losses. What were the factors that caused crude palm oil prices struggling to maintain above 5800? 1. India reduce farm infrastructure tax on CPO to 5%, which will effective until Sept 30, with the objective to increase gap between CPO and refined palm oil to benefit the domestic refining industry. 2. Uncertainties over Ukraine crisis lead market to stay vigilant on possible rising tensions. 3. Better production forecast for 1st half of Feb limited the upside of palm oil prices 4. Soybean Oil continue to move higher as concerns over weather forecast and fire incident broke in US biodiesel plant at Claypool, Indiana. Furthermore, India acquire massive purchase on soybean oil as high soybean price for local crushers to reduce output. 5. Crude Oil prices extended losses as prospects of extra supply from Iran. Weaker crude make palm less attractive option for biodiesel feedstock. 6. Near month spread widen as traders foresee East Malaysia production remains weak for Feb. Technical View: Market reversal signs remains. Gravestone doji formed in Daily Chart after market tried to move higher but sell down by the market. Stochastic K% line is crossing down at overbought zone in both weekly and daily chart We expect market may have short term retracement with immediate support level at 5350. Suggestion Trade: Short if stay below 5550 Target Stop Loss (resistance level) 5625 Target Profit (support level) TP1 5425 TP2 5345 TP 5245
MYX:FCPO1!Short
by happytrading96
WOW NLST!! +360% since June 25th buuuut . . Look at THAT TOP!! The long legged Doji may as well be a Gravestone / Orphaned Baby. There's a gap just under the daily low and after a 360%+ run from the 25th of June, it's gotta pull back from a $9.98 resistance. I left the Fib overlay intact from yesterday as it snap fits like a glove. Also, just look at the ski tips on those MA's (50/200). I've been watching this since last Fall and got it at $0.65. Super salty now cuz I sold at just under $3 to pile into something else. Looks like the lawsuit with Google will print some new highs in time but for now, the last valuation I saw was $4 by the analysts. We do have a gap still, down around $2.50 so we'll see what comes of that. Not investment advice, DYOR and Good luck!
OTC:NLST
by FudBox
34
XRPUSD Bearish Gravestone and how it pays outHello again! At first: don't trust me - It's your money - Your decisions Let's have a look on the weekly timeframe: Overall i'm very bullish on XRP for the next couple of weeks, but there is a bearish gravestone on the weekly. We saw a nice bull run on the daily without clean retracements, so it's likely that the gravestone pays out and we see some pullback. Into the bargain we had LH's and LL's on the 4H / D timeframes. There are different targets on my chart between -20 and -40% and it is hard to say where we find weekly support if the bearish scenario pays out. The next weekly candle will verify a bearish or bullish trend. I'm out of my position atm. Bearish confirmation: > opening a short position when you saw a confirmation, and low of the Doji breaks down. | S/L .277 Bullish confirmation: > the weekly goes or closes higher then previous. | S/L .321 /! take care of fake breakouts /! maybe we see some faster pullback on the daily and still get a bullish confirmation at the weekly Stay safe :) Comments welcome
BITSTAMP:XRPUSD
by DagobertDuck93
E-mini gravestone!So, all last week the hype, and what was keeping the pumpers pumping, was good news on the trade war front. The news - talks would resume, and China would not immediately retaliate. But, there were 2 key words in there that the bulls didn't want to think about: "talks" and "immediately." Talks would resume - So what? They've never really stopped "talking." China would not "immediately" retaliate - So what? They didn't say the would never retaliate, they just said they wouldn't right now. The other key piece to all this, and what the pumpers were failing to mention, was that Trump's tariffs on $125 billion would still go into effect on September 1... and yep, they went into effect right on schedule. This trade war has NO end in sight. Face it! The volatility will continue. Technically speaking, the e-mini made a gravestone candlestick right at huge resistance on the daily chart. And, it actually looks as if another gravestone is forming today. But, the gravestone that formed during the last daily period, was on big volume. It was noticeably more than previous periods. Sure, the gravestone (therefor the volume) was green... BUT, think about what happened with it: The bulls shot the price up to resistance and couldn't hold, and the bears stepped in, taking control, and pushing price all the way back down. Don't forget, this key level of resistance sits right at the 61.8 Fibonacci level. I see two options for this week: 1) We simply move down to retest the bottom of the ascending triangle. Or, 2) we break through that and retest the bottom of the entire consolidation range. From there, either option 1 or 2, I am unsure at the moment. The way I trade is day by day. I do not worry about next week or the week after. If I have a trade open that I think I can ride further into the profits, I will. But I don't worry about that until the time comes. My moto with charting is SIMPLICITY!! No need for a chart to look like a laser show.
CME_MINI:ES1!Short
by Bankuur
1
GBPJPY - A Juicy Gravestone Doji formed [4HR] A very nice looking Gravestone Doji has formed on the 4-hour chart for GBP/JPY. A few points to note: A) Daily failed to close above 170.00 B) I expect an ABCD pattern to form. If correct, then the timing of this Gravestone Doji is perfect. The ABCD pattern may start its C/D leg at around the 167.00 level, of which is where the downtrend ended and a great buying opportunity may present itself again. CAUTION: When trading Doji’s, you should be extremely cautious. The market is telling us that something important has happened, however, what that is I’m not sure. Also, I’m assuming an ABCD pattern is forming, so this trade fits my plan and price may just continue to smash up to the 172.5 level. For this trade, I would place my stop at 170.00 Plucka.
Short
by AndrewFx2020
4