Hammer candle Flowers Foods DailyHammer candle o spotted on Flowers Foods daily timeframe. Levels on chart
Hammercandle
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.
NI: Potential Bullish Trend Forthcoming?Nice hammer candle on NI. Will wait for a close above the hammer's upper wick before entering trade. Opting for a more conservative stop loss given historical lower wicks that tagged recent support line.
Short FTSE100 - Hammer forming?It looks like a hammer could be forming in the FTSE100 today. I am short here and adding until the 50dMA at 6165 area. Looking for a pull back to 6050. Good luck!
short position closed at BEThe bearish engulfer never managed to gain its full momentum. Stops were moved to BE, which we hit earlier today... the lower time frames are showing a very clear flag. I am not looking to trade this for 2 reasons... the first of which is: We have lower volumes through the correction of the flag itself, however the hammer down candle right in the middle shows higher volumes. So structure is looking bullish, but price action is casting some doubt over this for me for now. Secondly: This is a 15min view pattern... Given the fact that the US Session will be slowing and seeing decreased volumes, this is unlikely to carry any real momentum overnight simply as there will be minimal fuel in the tank throughout the asian session. I am unlikely to trade this tomorrow as its NFP.
USDJPYHammer candle at key support. It is also over sold on the RSI which could suggest a correction.
GBPCAD Trade Setupjust analysed some candlestick and found out that it can go higher if we have good daily close today overall above 1.70
if we have achieve this level than it is really easy for GBPCAD to move above
Big Biotechs Ascending TriangleIBB is forming an ascending triangle, which is a continuation pattern after the breakout.
Important to note the 20sma, which has been very supportive in the trend. The is also some support we can see many candlesticks with bottom wicks, meaning the shorts were met with buyers very quickly.
