PALANTIR - Hammer candle in the weekly!What is very noticeable is that the price ran in a zone defined by me (back in April) and formed a hammer candle exactly at the level!
I justify it with the fact that the stock is very popular for retailers (in most cases they had their stops at this level). The hammer candle was accompanied by volume, which is also a positive signal.
A short-term close above 27.50 would be important. Then the stock has chances of up to 35 in the next move!
Should the price dip back below 19 and stay there, it would be considered as a negative signal for the chart. Prices below the hammer candle (17.05) activates targets around 13 (EMA 200 W) or even prices up to 8.92.
D1:
H4:
Hammercandle
Strong Euro buy signal after pullback in uptrend!Hey Traders so I was noticing on the charts that the Euro has been in a strong uptrend. Just saw a nice pullback buy signal on the daily chart and went long. These pinbars or hammers are great signals and when you see them in the current trend it is normally a great opportunity. The way you trade it is buy on the open of the next day candle so I went long around 1.2197. Then you just put your stop below the wick of the previous day candle at 1.2127. The you shoot for a target of 2:1 risk reward and target resistance for take profit. I think the dollar is going to continue to weaken until the FED says the word Taper!
I am a strong believer in the the old saying The Trend is you Friend!
What does the tradingview forex community think?
Where do you guys think the US Dollar is headed?
Enjoy!
Trade Well,
Clifford
HammerThe hammer is one of the most common candles in
trading. You will find it at the end of a bearish trend
and it tells us that the trend is going to an end.
Look at the graph!
Hammer candle Flowers Foods DailyHammer candle o spotted on Flowers Foods daily timeframe. Levels on chart
BYND - Bounce soon?BYND watching for a bounce from here.
Perfect touch of the weekly demand zone and hard bounce on 3/5, leaving a hammer candle to close Friday.
Also filled daily gap at same level.
Stoch oversold.
Also Held the important $135 level.
27 days down this reversal would be 'on time'
A Large long fib setup first traded in November 2020 with target at 232.74 and is still intact.
Formed weekly demand zone after double bottom and bounced.
BYND announced a partnership with Pepsi, massive gap up and then the sold it all the way
back down to the weekly supply zone, with earnings along the way.
Ideally looking for a gap up monday 3/8 to confirm
TESLA - SHORT TERM REVERSAL PLAYLooking for a short-term bounce on TSLA.
*Historically when TSLA gets this oversold we experience a bounce in the price action.*
*Hammer Doji on the daily is hinting at a possible reversal in price action in the coming week.*
Looking for a bounce to $750 this week.
Good luck traders.
POTENTIAL SELL ON GBPUSD - HEAD AND SHOULDER PATTERN Similar to my previous analysis on EURUSD which has nearly reached its profit target, this analysis too is based on multiple time frames. On the weekly chart there is a rejection off a strong yearly price area, and on the daily a hammer candle seems to be forming. On the 4 hour time frame there is a clear H&S pattern. The reason why the potential profit is very large compared to the risk, is because usually H&S patterns go the distance of the head of the pattern. If one was to enter this trade, I would recommend only entering after a retest and rejection of the H&S pattern to definitely confirm this is a valid H&S pattern. I have also shown how I think this trade could look.
*NOT FINANCIAL ADVISE, MERELY AN OPINION*
GAXY - Bullish Reversal Hammer On The Daily - Going Long!GAXY - is producing great looking support on the uptrend. After a successful test of 0.035 resistance/support we see a bullish reversal hammer forming. Great opening for the run up to re test 0.050 and beyond.
Netflix prepares next impulseWatch the structure, it's simple. Netflix prepares next impulse.
- Support
- 61.8% fibonacci level
- Hammer and engulfing candle confirmation
Target: Next resistance. Historical maximum
Stop: A few pips under last minimum
Possible Reversal Candle.On 1 hours chart Bitcoin printed a beautiful Hammer candle, which is bullish. Let's see if $34,970 holds during a possible retest.
Opened a position in $OPENOpened a 1/15/21 Call today on $OPEN set up is simple, looking for OPEN to stick to trading in its channel, sticking to target fib levels
PLUG Ascending TriangleAnalysis: PLUG never ceases to amaze me. Technically, I think this has more to go. It's set up nicely near the apex of an ascending triangle that has been forming for two weeks. Today's candle showed a hammer formation with buyers stepping up end of day to take back control. However, volume has been tapering lately which is a concern. Either side could step up and push this stock.
This has been flirting with the upper resistance level the entire triangle. I'm thinking a small pullback tomorrow to test the 8 EMA. If it breaks resistance at the $28.70 level, I want to see heavy volume lift it past resistance.
Strategy: I've been a PLUG holder for a while now. But I, personally, am going to pick up $30 calls with Friday expiry if this touches into the 8 EMA. There's a good amount of liquidity weighted to the call side. Whole numbers are the hot spot due to its psychological effect. Please note, I am not an advisor. This is my opinion. Leave a comment, though, and tell what me your thoughts!!!
$NIO looking bullish into 2021$NIO I see you...
Inside candles, Hammers, Three White Soldiers did you say?
- Break Resistance ~$49.00 .. could be a great start to 2021
*Pocketfeeder
DCRBTC strong buyin recent days DCRBTC has increased about 30%, one of the main reasons was definitely the hammer candle at the bottom of the downward trend. as you can see three white soldiers pattern has been shaped. this means we might see 10-25% increase in short period.
NOVA Long Trade Big Beautiful HammerThis thing is in an uptrend my target would be 2R but likely would pull the trade before earnings wherever its at. Buy stop order above the hammer. Look at the history this thing respects the hammers.
Pin Bar Candlestick - Trading PillsPin Bar candles show us aggressive rejection to certain price levels that may help us trade in the direction of the next movement.
AAPL to $130 or $110Labor days future action seems pretty bullish with world markets very green. AAPL had a hammer candle followed by an engulfing green candle (bullish), followed by a 3 bar play with a continuation green candle (bullish). We did however hit some resistance. If this trend continues, we should very quickly test $130 with a short squeeze, and possibly back to ATH. On the downside, if shorts come back into play, we will probably see $110. Hedge yourself on those calls.
