GOLL4 hammer far from smaBMFBOVESPA:GOLL4 gives a opportunity doing a hammer today far from sma more importants.
Hammer
[Red Apple] "still not yet for Bullish Market"_BTC/USD_18.08.16There's breakout of trend line but shape of candle is not so good for Bullish Market.
Let's analysis BTC~
If you are busy, you can just read below briefly
'A. Briefing '
'D. Summary and Strategy'
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A. Briefing
. Breakout of trend line on daily chart.
. Hammer -> inverse Hammer
. Descending Broadening Wedges
B. Daily chart
a. Trend
breakout of trend line and then retrace
b. Candle
Inverse Hammer -> but less reliable candle at bottom.
c. EMA
still in reverse order
d. Sum.
it falls down from previous high level and retracing from trend line. however, inverse candle is showing the strength of Sell.
C. 4H Chart
a. EMA
trying to go under 20EMA again.
b. Candle
Shooting Star
c. Pattern
a) 'BAT'
b) 'Descending Broadening Wedge'
d. Elliott Wave
if it falls down under $5755, Elliott waves will be invalid.
e. Sum.
shooting star is quite reliable signal for Sell and patterns like 'BAT', 'Descending Broadening Wedge' are indicating additional drop.
D. Strategy and Summary
a. For aggressive traders
Buy when it is retracing to trend line on daily chart -> now
b. For conservative traders
Buy when the Wedge pattern is broken up-ward.
-> at the moment, there're conflicting explanations on Bullish and Bearish. Breakout of trend line is good signal but there're Inverse hammer, shooting star candles and Descending Broadening Wedge which is usually penetrated down-ward. In this situation, of course it depends on your style of trading but i just recommend trading conservatively.
Trade Safely~~
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Also, if found something special, i will comment in real time.
XEROX hammer pattern After a long downtrend, a beautiful hammer was formed,the trend reversal was confirmed by bullish candles.
USD/JPY - W1 - Trend/Channel line resistanceDoubled fake break out at trend/channel line + hammer candlestick pattern as confirmation.
USOIL SHORT term opportunity (Bearish chanel)-USOIL SHORT term opportunity (Bearish chanel)
-Fibonnacci 61,80% rejection
-Bearish Hammer pattern H2
EUR/USD Technical analysisThe EUR/USD pair has formed a bearish cypher pattern in the 4-hour pattern.
As per the pattern,the pair is expected to make a downside move till the point.
An inverted hammer has also formed which suggest the pair is facing resistance.
As per our analysis,we expect a short bearish move in the counter.
AUD/USD Breaks back above 0.7400AUD/USD:- After a choppy week of price action last week, Friday's candlestick closure confirmed a strong bullish hammer , after rejecting major support levels, and broke back above the 0.7400 level. This was critical for the pair as this now provide us with a valid trend direction and trade set up. With multiple confluences aligning, I still favour a run back to the resistance level of 0.7550 and beyond to the weekly level of resistance 0.75750.
Higher time frame analysis suggests there is a high demand region below the 0.7400 area , with multiple wick rejections showing weakness and a slow down in market momentum, it proves that there is a significant buying pressure building . If you were to combine the price action, with our moving averages crossing over, this is helping us filter out the overall market direction and therefore we should only be looking to trade in that particular alignment.
©Everythingfx
Citi (C) bullish butterfly pattern and daily hammer!The banks showed significant relative weakness against the market since 2018.
While, with regard to the rate hike cycle, put some banks in the portfolio is still one of the major investing ideas.
Therefore, this daily bullish butterfly pattern and the daily hammer combination may be a short-term set-up to long C!
Without abundant EMA correction rooms, I won't prefer trading the hammer with the breakout strategy;
on the other hand, the 50% or 0.618 pullback buy and put the out below 62.80 would be the trade for me!
Let's see how it goes!
EOSUSD bullish bat pattern and 4hr hammer combination In terms of chart, it's a quite fine trade to have a harmonic pattern and reversal sign combination!
While, it becomes less attractive when EOSUSD just showed terrible relative weakness among other peers.
Therefore, I will only record this trade in TradingView but not very willing to take the trade.
Let's see how it goes!
Candlestick analysis in Heineken chart
Stock: 3255 Heineken
Chart: Daily
Period: June - July 2018
Hanging Man appears on June 7, indicating an end to the bullish trend. This is further confirmed with the next day red candlestick close which is lower than the Hanging Man close. Trend then changed to bearish until June 26, which a hammer appeared. This indicates an end to the bearish trend. The bullish confirmation is given when the next day's green candlestick closed higher than the bullish hammer.
If you've long right after the hammer you would have profited handsomely.
AUD/JPY Ranging / Rejection / HammerBasic S/R and candle sticks , Esy to set a stop. Nice targets.
As always DYOR , Don't trade if you cant afford to lose , never trade more that 1.5% of your pot
BTC Inverse H&S + Divergence + Old support + Bullish HammerFollow up on my previous idea;
To further strengthen the bullish case for BTC on top of a confirmed bullish divergence I covered in my previous post it looks like BTC is forming an Inverse H&S with the right should sitting right on top of an ancient support trendline which started forming all the way back when BTC formed a local bottom Nov 11 (the bcash flippening attempt...) proving to be a solid support on all 3 drives down following ATH considering we never went below this support (dotted orange) as can be seen above (in linear chart only). Also spotted a Bullish Hammer that has just finished printing (green arrow). All signs seem to be pointing up, a break above $6640, which completes the inverse H&A pattern gives us a target of $7200 - $7300.
***Not financial advice. Always DYOR***
looking for bitcoin hammers and stars on the daily renkowe are yet to see a reversal signal on the daily renko, a decent hammer on this daily would signal bitcoin is back.
patience is key
TLT Bullish bat pattern combination with a daily hammerIt's a new try to apply harmonic patterns to treasure bond ETF.
While recently people are discussing the yields, which is wildly convinced that it led to the Gold's slump yesterday.
With this harmonic patterns combination in TLT, and it gave a daily hammer yesterday, it's quite a nice long trade with patterns and reversal sign combination.
It worth noticing, not necessarily worth trading, but short-term speaking, if this is where part of the the bearish emotions for non-USD currencies come from,
take some profit for the short is not a bad idea yo!
Let's see how it goes!
AUDUSD - Bulls continue to defend key levelsIn this video I cover a few of the price action patterns that formed last week which became quality trade setups themselves. I also take a look at the most current price action and what it is telling me about where the market may be heading this coming week. I only cover a handful of the patterns as there are many other patterns at play such as rising triangles and pennants
AUDUSD has thrown mostly bullish price action signals at the hourly level with only 1 or 2 bearish signals that ultimately failed going into Friday. With bullish price action patterns continuing to form and bearish pattern failing and being invalidated the bullish bias is still intact. The current flag pattern sets up the potential of the next leg higher as long as price can hold above the upper channel of the flag now that it has broken out. In the long term I am looking at a break above the high of the weekly pin bar to begin getting very bullish on this pair.
ES - Bullish price action in the hourly'sPrice continues to consolidate on the daily chart so I take a look at any price action in the hourly charts. I see a potentially bullish hammer setup on the hourly chart off of a key price level. If the candle closes as a hammer and breaks above we may see that next strong bullish move up.
SPY - Bullish breakout setupAfter a strong bull run in the SPY price has been stuck in a period of tight consolidation. We are looking for bullish price action setups so we can get long with the overall trend. While price continued to consolidate today there was a bullish hammer that formed off of a key support level showing buying interest. If price can break above the hammer we could see a continuation of the bullish trend. A potential trade would be to enter at the break of the hammer and to place a stop loss just below the bottom of the hammer. This would create a very attractive risk/reward trade that also gets you in the market with the trend.
EURUSD: Sell bellow hammerI am selling a hammer pattern that indicates a reversal of the price to a down trend.
The stop loss will be at the top of the hammer and the gain at the 100% fibo expansion of the pivot.
AUDJPY retrace then bullishWeekly: swing started on 22/01/2018 loosing steam. Higher low formed. Last week got rejected forming a bullish hammer off important level that acted as support tested multiple times.
Daily: last 3 days of last week were bullish, going all the way to fib cluster formed of the 50% level from last high and 23.6% from 22/01 swing. That's good momentum but needs to retrace to pick up its breath
4H: pierced through the 200 MA and currently sitting on top of it. Slight RSI divergence between 10/05 21h and 11/05 17h and the RSI is high, indicating it needs to retrace a bit if it's going to carry on.
I see it retracing to 82.2 level (fib level 38.2%) and go retest previous high (83.5/84.0, also 78.6% fib level), which would then form a potential inverted H&S to look at in the future
PAT Short-Term Reversal1. Multiple bullish hammers indicating that bulls are winning at the end of the day. Today, bulls really took over with a big move up.
2. The bullish candles are at PAT's lower bollinger band as well.
3. A slow stochastic is turning up from its oversold zone and there is also a MACD crossover
Trade aiming for 1.75 in the next few days.
GLOW Hammer Forming Looks like GLOW may be signaling a bottom. With a green hammer forming on the daily chart this could be a change in the trend. GLOW has been flirting with sub $.19 but held up well. GLOW has a p/e of nearly 1.28 and total assets of 15.42 mil. Could be a short squeeze coming.
Facebook's Incredible Reversal CandleWith the aggressive selling after a major breakdown in the FB, we now see an incredible reversal candle (+high volume) on Facebook's most recent trading day. This sets us up for a good chance to make a short-mid term long trade.
INVERTED HAMMERThe Inverted Hammer is comprised of one candle. It is easily identified by the small body with
a shadow at least two times greater than the body. Found at the bottom of a downtrend, this
shows evidence that the bulls are stepping in, but the selling is still going on. The color of the
small body is not important but the white body has more bullish indications than a black body.
A positive day is required the following day to confirm this signal.
*DISCLAIMER*:
I am not a financial advisor nor am I giving financial advice.
I am sharing my biased opinion based on speculation.
You should not take my opinion as financial advice.
You should always do your research before making any investment.
You should also understand the risks of investing. This is all speculative based investing.
