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Hammer

Long Dabur with a strict SL of 438.9Buy Dabur between 442-446 for a target of 455, 459 with a S.L for 438.9 intraday. One needs to avoid taking the trade if the target is achieved at the opening itself. Disclaimer : All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs. Any opinions, news, research, analyses, prices, or other information offered is provided as general market commentary, and does not constitute investment advice. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
NSE:DABURLong
by thechama3
BTCUSD H4/D1 charts (2/1/2019)Good morning, traders. The battle between supply and demand rages on. Bitcoin's price dipped to near the bottom of the local TR at $3364 and has since rebounded back toward the top of it at around $3445 so far. The fact that much more demand is showing up at the bottom of the TR than supply at the top should have the bearish among us concerned. I'm still looking for price to target the blue box, but it begins looking even more interesting now as doing so all-but-guarantees to pull price through the orange wedge's resistance, setting up a target of the yellow resistance, depending on just how quickly price gets to that box. H4 RSI is now pushing through its own resistance as it sits at 49. D1 RSI is challenging its resistance as well. Both TF's RSIs have a lot of room for price to move upward which would likely catch retail traders off guard, if it were to do so, as they expect price to continue down from here. The weekly candle is currently printing as a bullish hammer. Traders should definitely be watching that candle. The higher price goes right now the more bullish the weekly TF becomes (i.e. much greater likelihood of a reversal from the current short down trend). The daily candle is looking pretty good at the moment, but with more than a third of the day left until it closes anything can still happen. The green resistance on the D1 chart, just above the orange, gives a secondary level that price needs to move through as well. Do we go up from here? Do we print a large IHS? Do we range for the next few months? Does price drop even further and stay down? Absolutely nobody knows for sure. Trading is speculation and, as such, it is inherently risky. The goal is to eliminate as much risk as possible by identifying multiple possible paths of price movement and then deciding what confirmations are needed to signal that price is likely headed in one of the directions you identified, as well as what confirmations are needed that you are the wrong way in a trade. Anybody that tells you anything else is lying to you. Period. Every day, we have a choice to act positively or negatively, so if you get a chance, do something decent for someone today which could be as simple as sharing a nice word with them. You just might change their day, or even their life. Remember, you can always click on the "share" button in the lower right hand of the screen, under the chart, and then click on "Make it mine" from the popup menu in order to get a live version of the chart that you can explore on your own.
BITSTAMP:BTCUSD
by Chris_Inks
QQQ - Bearish Rising Wedge - Ready to DropThe case for the bearish rising wedge strengthened today as a bearish hammer has now formed off of the upper channel of the rising wedge. This market has been very strong as of late but the overhead resistance, rising wedge, and now bearish hammer should not be discounted. I think risk is to the downside right now (higher probability) unless price as able to push above this rising wedge (lower probability). To learn more about my trading strategies check out www.tradingwithkrugman.com
NASDAQ:QQQShort
by krugman87
5
Weekly hammer on trackNext week will be decisive for AU to continue as the huge weekly hammer predicted three weeks ago. Because the same hammer also formed a double bottom we would tend to feel secure about our bullish choice. However, this was exactly what happened back in June and the same outcome could follow again, and back then we also had UJ seasonality to back up as well... What will it be? I predict upside because I can not let go the thought that every currency has to cycle, including the USD. Like what we all like to say 'What goes up must come down'. It's inevitable, but only when is the big question mark. Well all markets are in agreement another time. Will speculators be be more bearish on the USD this time? Unfortunately Commitments of Traders reports have not been updated since December 18 due to the shutdown of the United States government. Nevertheless, change of DXY long positions was reported to have declined almost 25% between December 11 and 18. Now one month later the number of Long positions could very well be 0 by now, and shorts increased. It remains guessing...
Long
by Deep-Peat-Shark
2
#forex #audusd Trend change? One of the signals we mostly use is the #japanese #candlesticks, it gives you a good perspective of the market's sentiment. Fundamentalists are saying that the USD will lose some valuation this year, and this is probably the best signal indicating that. This is a #hammer #candlestick signal, it indicates the end of a trend, reverse. This signal is too good to don't take advantage of it, we are going LONG with this pair. Stop loss @ 0.68 Take first set of profits after 100 pips, or more.
by tecnicoforex
ADA BTC Support and Resistance levelsADABTC made a small inverted H&S pattern, with the head around 11th Dec, then broke the neckline of a larger inverted H&S on 21st Dec, worth noting that the right shoulder of the larger H&S is a bit dodgy. I beleive it may be a little early to call for a full reversal as we need to see follow-through on the higher timeframes. The fibonacci fan and trendlines should give a good indication of support and resistance on a local level. Not intended to be financial advise, not an expert. Biffy
by Biffy
5
Bitcoin Daily Update (day 268)I believe that it is possible to beat the market through a consistent and unemotional approach. This is primarily achieved through preparing instead of reacting. Click here to learn more about how I use the indicators below and Click here to get my complete trading strategy! Please be advised that I swing trade and will often hold onto a position for > 1 month. What you do with your $ is your business, what I do with my $ is my business. My recent Bitcoin Bubble Comparison - 3 Day Chart led to the following calls: < $5,750 by 11/15/2018 & my prediction for the bottom is $2,718 by 1/20/19 | My Bitcoin Bubble Comparison - Monthly Chart closely mirrored my price and time targets | Calling for $35 ETH before the end of 2018. Previous analysis: "Until then I am looking to short alts vs BTC and I am preparing to buy back spot BTC (time horizon is > 2 years)." Position: Short ETH:BTC 0.03109 | Short LTCBTC from 0.00752 | Short EOS:BTC from 0.0008057 | Short XRPBTC from 0.00009434 Patterns: Symmetrical triangle inside a bear channel (4h) Horizontal support and resistance: S: $3,542 | R: $4,066 BTCUSDSHORTS: At trend resistance slightly below my alert. Very interesting to see if we get a short sqeeze here. Funding Rates: Longs receives 0.115% (10X the normal rate) Short term trend (4 day MA): Found resistance below on the close indicating that a long is unwarranted right now based on Consensio. Medium term trend (9 day MA): Right in line with the top of the bear channel Long term trend ( 34 day MA): Key area of resistance for me when we get a bounce (not saying it will be here, am saying that is dialed in to catch the top of bounces) Overall trend: Bear Volume: Largest volume was November 20th, watch for the bottom of that candle to be a key area of resistance on a bounce FIB’s: (Using top of Nov 12th and bottom of Nov 25th) 0.786 = $,4056 | 0.618 = $4,558 | 0.5 = $4,909 Candlestick analysis: Hammer. Very important how this candle responds. Opening and staying above the top of the body is bullish. Breaking down the bottom of the body is bearish. Ichimoku Cloud: 1h cloud was clean resistance and is thick from here to $3,960 TD’ Sequential: Current candle is price flipping Visible Range: Broke down the bottom of the high volume node (HVN) at $3,877. Refilling the gap below is to be expected. Next HVN = $3,077 Price action: 24h: +2% Bollinger Bands: Starting to come off the bottom band. Watch for a return to the MA. Trendline: Trendline from symmetrical triangle (blue) is right under the 34 MA (4h chart) at $3,900. The top of the bear channel = $4,120 Daily Trend: (Using 1h 33 MA to identify daily trend) Starting to flatten after trending down hard Parabolic SAR: $4,412 RSI: See a small bull div’ following the high volume selloff. Stochastic: Was finally trying to get up and now it looks like it wants to recross again Last Day Rule: Watching for close above $4,112 for setup day. Summary: If we can breakthrough the 4h bear trend and support a throwback then it would be a very good sign of an incoming bounce. The daily close below the 4 MA puts me in a no long zone until a candle closes above. There are a lot of indicators showing a short term bounce to $5,000 or above, however there are some very strong indicators that say it is too soon to buy. There is too much resistance and momentum for the 14 day trend that started on November 14th. This is a clear no trade zone for me and I will leave my small buy orders set at $2,700 - $3,000 (greater than 2 year time horizon). In the mean time I continue to expect alts to start falling like dominos. I have been holding my EOS:BTC short in the red for over a week. It feels great to finally see a red candle close below horizontal support. Entering a short on a retest for resistance looks like a good play to me.
BITMEX:BTCUSD.P
by Sawcruhteez
3
Education post 14/100 – How to trade hammer candlestick pattern?What Is a Hammer? Considered a reversal formation and forms when price moves well below open, but then rallies to close near open if not higher. (inverted hammer is the mirror opposite) Forms a candlestick with a long lower shadow (tail), and a small body with little or no wick–looks like a hammer, or mallet. (inverted hammer is the mirror opposite) Depending on the previous trend, a hammer may be referred to as a hanging man or shooting start, but the same concept applies. Bullish or bearish bias depends on previous price swing, or trend. A hammer after an uptrend is called a hanging man. An inverted hammer after an uptrend is called a shooting star. Why are Hammers important? May act as a leading indicator suggesting a shift in bullish/bearish momentum Completed hammers may help to either confirm, or negate, a potential significant high or low has occurred. –price drives higher or lower “hammering” out a top or bottom before closing back towards open Significance increases with length of shadow (ideally 2-3 times the size of the body) as well as timeframe Hammers may also help confirm, or strengthen, other reversal indicators (i.e. may occur as part of tweezer formation, or next to doji, etc.) A hammer “fails” when new high is achieved immediately after completion (candle), and a hammer bottom “fails” if next candle achieves new low. A hammer “fails” when new high is achieved immediately after completion (candle), and a hammer bottom “fails” if next candle achieves new low.
by GroundStoneHoldings
SPX500 daily 0.618 and hammer combination longA very very important set-up that I believe stock traders over the world are talking about how to deal with this daily hammer. For me, quite simple that it's almost a perfect combination. Whatever the result is, this set-up definitely worth some long trades! Breakout, pullback, intraday momentum trades, and etc... Also I'll take this perspective into individual stocks to look for buy-low opportunities! Let's see how it goes!
FX:SPX500Long
by Trader_Joe_Lee
6