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Hammercandle

EOS Elliott Wave Theory (Revision)Looking back at my previous assumptions in regards to this Elliott Wave pattern and in combination with the Ichimoku indicator, I initially underestimated the depth of the correction and thought that we may have more support in the form of a Kijun bounce before making a move into the cloud and a potential edge to edge move once within the cloud. While still learning many aspects of Elliott wave theory, I believe that the ABC corrective move could now be complete. In an ABC pattern, Wave C can typically be 123% – 161% of wave AB which looks to fit into the current fibonacci measurements well. This week's candle is forming a bullish hammer reversal pattern. In the medium term, I think a move into the cloud and a subsequent edge to edge move within the cloud is still possible with a price target around $12.23. This price target is represented by the long, flat top of the kumo cloud which acts like a magnet. The longer the flatness of the Kumo, the more powerful it is as a support or resistance level and the more powerful this Kumo magnet becomes.
BITFINEX:EOSUSDLong
by JoelRBishop
2
HKEX:1571 potential profit 21%HKEX:1571 is going to break through a strong resistance level at 3.07, which will also formed a double bottom. As it can stand on the high volume close price with a hammer candle pattern. MACD will also help for this break through as both fast and slow line are above 0. The first target will be the target of the double bottom and also the top of the last downward wave. ADX is also have a positive indication of ADX > 20 and +DI > -DI Cut loss @2.78 Target @3.69 Buy in current price
HKEX:1571Long
by Smith_by_VPPBSS
TGT: Bullish Breakout on Seasonal Holiday EarningsTarget showed me all the ways to make money today. I took a small scale in a few days ago anticipating a good response to holiday earnings after they had a relatively lukewarm rebound from the late 2018 correction. Seeing the traffic at my own local Target, I was certain they would exceed expectations and they lived up to my hopes and more. After hours trading today was slightly down, but I expect this as some long term HODL'ers are finally realizing some profit, so there will be probably be more attention and buying for this household brand. I'll scale in and gradually ease my stops up to retain made profits at it rises. The profit taking found plenty of willing buyers, though, with the chart showing a black hammer doji that's a mild bullish signal with breakout confirmation needed in the coming days. For technicals, a MACD has been positive but flat for some time with the histogram only now breaking out bullish. ADX is low but pulling upward suggesting a coming upward price trend with DI+ above DI- for a few weeks and diverging strongly with DI- crossing below ADX as a potential buy signal. RSI is breaking above 60 but still below 75 so there's still time to hop on board if this only going to be a short lived price trend, but this shows signs of a contrarian pull back upward from the trough of the recent market wide corrections. This is likely to run up to 80 before really hitting it's first major resistance level and onward to 88 if it can sustain upward momentum long term. Expect a stair stepping pattern upward as well as watch close competitors like KSS and WMT and GPS and others to gauge sector and industry correlation.
NYSE:TGTLong
by chuckination
Medium Term Buy on FirstSource Solutions Ltd.FirstSource Solutions Ltd. is Buy with a target of Rs. 66 and Stop Loss placed at Rs. 42. On Technical Charts FSL has created double bottom at 46-47 levels with hammer and one white soldier pattern and follow up buying also confirmed its bullish reversal. So one can buy FSL at current levels with stop loss suggested for a period of 3-4 months of positional call. If anyone interested in more such fundamental and technical calls please visit our website wp.me
NSE:FSLLong
by VivekAggarwal
US 30 ZigZag Correction Near CompletionNearly there. Probably another rough day or two to get crushed down to support and complete the Zig-Zag correction (WXY). Elliott ABC wave near support. Expect a hammer Doji, a deep spike with reaction lift. Maybe Tues/Weds. Who knows, utterly unpredictable atm. Spy might get down to 253. Nas- who knows?! If index breaks and closes below the blue pivot support box, it's in big trouble and we should expect a bear market. Biting my nails to stubs. Monday wild price swings were astounding, it fooled a lot of us into thinking "This is it! Going up!" Expect consolidation at bottom first, not a giant bounce. As always, this isn't investment advice, trade at your own risk!
DJ:DJI
by DaddySawbucks
5