Get started

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
NASDAQ:BYNDLong
by FourC
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*
Short
by Trader856
4
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!!!
NASDAQ:PLUGLong
by NetWorthFocused
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.
NASDAQ:AAPL
by ncontelmo
1
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.
Long
by TeePeeFX
#US500 #SNP500 #SPX Bearish Hammer Candle Trader, there is a Bearish Hammer Candle #US500 #SNP500 #SPX. ____________________________________________________ Traders! if you like my ideas or have your own ideas to share on this market, comment below so that we can discuss. Disclaimer: The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only. Not a financial advice or signal. Please make your own independent investment decisions. ____________________________________________________
OANDA:SPX500USDShort
by vikinsa
6