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Hanging Man

SOL weakness after the breakoutSOL broke $119 resistance in relatively high volume, but price raised only 1.67%. In conjunction with the last 3 days price action that’s a bit worrying, it’s a short-term bearish sign. Before the correction SOL may reach $150 – 145. A nice entry point to go long is below $106.5 or after the $150 resistance breakout. Investing is a probability game. Try for consistency, there is no perfection in this. Not financial advice. Always do your own research.
KRAKEN:SOLUSDLong
by Rhaonnor
Quantafuel : Hanging man posted at previous failure levelQuantafuel - Intraday - We look to Sell at 32.10 (stop at 34.50) The hanging man candle on the daily chart is negative for sentiment. Price action has continued to trend strongly higher and has stalled at the previous resistance near 33.04. The overnight rally has been sold into and there is scope for further bearish pressure going into this morning. We look for a temporary move lower. The upward trending support line should provide the ideal target and fade level as medium term bulls build positions into the current weakness. Our profit targets will be 24.90 and 22.85 Resistance: 33.04 / 34.32 / 36.40 Support: 26.50 / 24.90 / 22.85 Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis , as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features. Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
QShort
by Saxo
Is the Macro-trend on Ford ending or is this a healthy pullback?NYSE:F Most DD is posted as text on my chart. Please refer to the chart for a detailed breakdown. This post is meant to purely intrigue those who may be on the fence with Ford. Todays daily candle closed as what I consider to be a Hanging Man. This is a Bearish reversal candlestick pattern that is yet to be confirmed. This reversal may be apart of the Marco or Mirco trend, only time will tell. If the reversion is part of the Micro trend, we may see a pullback to the high $15's again before another leg up. Again, only time will confirm this. I have visualized my thoughts in order to share my way of processing TA and information. Please feel free to open a discuss on the topic with me if you would like.
NYSE:FLong
by OccamsPhazer
BTC - Let's see how this daily candle endsBTC has had a successful breakout and retest off its sideways channel resistance as support but its still best to wait to see where this daily candle closes and how. Note that we may have a potential Hanging Man Candle pattern on this daily chart so its best to keep an eye on how this daily candle ends and also how tomorrows candle begins and ends for confirmation of any bearish reversal. BTC is above its daily 50EMA as well as still safely above its Weekly 50EMA. BTC is still above the Bollinger Bands Middle Band Basis 20 Period SMA. Note that BTC is back under the Upper Band. Note the expansion on the Upper and Lower Bands. BTC is still above its Volume Profile Visible Range (VPVR) Point of Control (POC) for this charts visible range. BTC is still above its Volume Profile Fixed Range (VPFR) Point of Control (POC) for this charts fixed range i have selected. Note that yesterday’s Volume Bar ended above its Volume 20 Period Moving Average. Note that BTC is still above its Pitchfork Median Line. The Moving Average Convergence Divergence (MACD) is showing strong upwards momentum. Note that todays histogram has lightened and decreased in size which is to be expected. Note that the MACD Line (Blue Line) is still safely above the Signal Line (Orange Line). The Average Directional Index (ADX DI) is indicating a strong trend with the ADX (Yellow Line) at 31.97 and still above its 9 Period EMA (White Line) which is at 28.22. The +DI (Green Line) is at 33.56 and showing that positive momentum is sideways within a range. The -DI (Red Line) has dropped to 10.22 indicating a weakening of negative momentum for this 1D timeframe. The Chaikin Money Flow (CMF) is showing strong accumulation with a rise from 0.17 to 0.23 with a drop to 0.22. Note that the CMF (Green Line) is still way above its Least Squares Moving Average (LSMA) which is at 0.12. The Relative Strength Index (RSI) is in the Overbought zone for this 1D timeframe. Note that because the RSI (Purple Line) is in the Overbought Zone that doesn’t necessarily mean that the RSI will drop downwards as the RSI can range sideways in the Overbought Zone. We have to keep an eye on how this Daily Candle ends because at the moment this daily candle could possibly turn out to be a Hanging Man Candle Pattern which is a potential bearish reversal pattern. This might become a possibility especially because the RSI in the Overbought Zone and the Bollinger Bands have had quite a big expansion so there is plenty of room for some significant retraction. So if you are Long, its best to wait for confirmation of a bearish reversal or continued upwards or sideways momentum. I hope this is helpful with your trading and hodl-ing.
BITSTAMP:BTCUSD
by TradingThroughTheLens
1
7.28.21 Candle Will Be Telling!What we have is a possible Hanging man. We have two of the three ingredients for a 87% chance of downward trend over next week or two if next candle is red. Given this weeks events, its looking bearish short term at the very least. Will be interesting to see how things shake out! Let me know your thoughts of if this was helpful! Not advice or a recommendation to initiate any kind of transaction. All investments have risks associated with them. Trade with care.
AMEX:SPYShort
by deadsquare214
5
Let's talk about Candlestick Chart PatternsThe candlestick chart patterns are used by traders to set up their trades, and predicting the future direction of the price movements. There are many candlestick chart patterns. I will be discussing a few of those. ✅ Morning Star is formed after a downtrend indicating a bullish reversal. Generally made of 3 candlesticks, first being a bearish candle, second a Doji, and third being a bullish candle. The first candle shows the continuation of the downtrend, the second being a Doji shows indecision in the market and the third bullish candle shows that bulls are back in action. ✅ Bullish Hammer is a single candlestick pattern, which is formed at the end of the downtrend and shows bullish reversal. The real body of this candle is small with a long lower wick which should be more than twice the real body. This candle is formed when the seller pushes the price downwards but at the same time buyers arrive and push the prices up. ✅ Bullish Engulfing is formed after a downtrend, indicating a bullish reversal. It is formed when a bearish candle is fully engulfed by a bullish candle which shows that the bulls are back in the market. ✅ Three White Soldiers is a multiple candlestick pattern that is formed after a downtrend indicating a bullish reversal. It is formed when three consecutive bullish candles appear one after the other. These three candles show a strong bullish trend. ✅ Hanging Man is generally formed at the end of an uptrend and signals bearish reversal. The real body of this candle is small and is located at the top with a lower shadow which should be more than twice the real body. This candlestick pattern has no or little upper shadow. ✅ Dark Cloud Cover is formed by two candles, the first candle being a bullish candle which indicates the continuation of the uptrend. The second candle is a bearish candle that opens the gap up but closes more than 50% of the real body of the previous candle which shows that the bears are back in the market and a bearish reversal is going to take place. ✅ Bearish Engulfing is formed by two candles, after an uptrend indicating a bearish reversal. It is formed by two candles, the second candlestick engulfing the first candlestick. The first candle being a bullish candle indicates the continuation of the uptrend. The second candlestick chart is a long bearish candle that completely engulfs the first candle and shows that the bears are back in the market. ✅ Evening Star is made of 3 candlesticks, first being a bullish candle, second a Doji, and third being a bearish candle. The first candle shows the continuation of the uptrend, the second candle being a doji indicates indecision in the market, and the third bearish candle shows that the bears are back in the market and reversal is going to take place. Thanks for reading and hope you like it. Please comment and let us know your thoughts on it. Happy Trading
Education
by Tuned_Official
EURAUD, daily tf, hanging man candle appearsPrice previously broken above the marked yellow resistance area and go up for 160 pips. In my opinion we haven't see any retest to this resistance as a support and we might see one soon. There is going to be RBA meeting soon and it might follow it neighborhood RBNZ stance which send NZD gone up. Notice also the previous daily candle close looks like hanging man candle indicating sellers could be in control soon. Sell EURAUD 1.5790 Stop loss 1.5840 Take profit 1.5665 (2.5R) Use only 1-2% risk Good luck
Short
by HayatoDragonFX
Hanging Man at the Top of the Channel? The S&P 500 just finished its third straight winning month. Now there could be signs of weakening as May begins. First, let’s revisit the price channel running along the index all year. SPX has been stuck at the top of that ascending range since the middle of April. Will prices retreat from the upper line? Second, last Thursday saw a new all-time high and a lower low versus Wednesday. That created an outside day and hanging man candlestick pattern on the chart – potential reversal patterns. Finally, MACD has turned negative. This fatigued price action occurred after several big events: the Fed, Big Tech earnings and GDP. Investors could now face the risk of all the good news being priced in – especially with a new month beginning. TradeStation is a pioneer in the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more.
TVC:SPX
by TradeStation
Shooting Star + Hanging Man & Hidden Bearish DivergenceCurrent $BTC price is over-extended and waiting for a correction/reversal really strongly. I'm showing this in 4 hour chart but you can find the same candle patterns(hanging man) in 6, 8 and 12 hour time frames as well. But at 4 hour chart we have 2 hanging man candles followed by a shooting star, now all you have to do is to check if the next candle is going to close below the body of this last one. I think it will because there're 10 hidden divergences formed right at this candle indicating that the price is not compatible with these 10 different indicators. If all of these play out I expect a retrace back to $52500 So check out this next candle(current one just opened) and take your position accordingly.
BITFINEX:BTCUSDShort
by Kryptolinks
BTC - H4 - HANGING MAN VALIDATION !H4: Failure to recover, firstly, above the secondary downtrend line resistance and secondly, the body (black candle) of the last H4 period, are the first signs of the validation of the “Hanging Man” pattern, previously mentioned which should now trigger further downside, focusing on the Fibonacci retracements levels and Mid Bollinger Band, which are : S1 : 52658 S2 : 51577 S3 : MBB 51183 S3 : 50704 S4 : 49831 ONLY A SUSTAINABLE RECOVERY ABOVE THE FORMER HIGH @ 54405 AND ABOVE THE CLOUDS, WOULD INVALIDATE THIS EXPECTED BEARISH SCENARIO ! Watch H1 and M15 to get intermediate signal (s) Have a nice trading day All the best Take care Ironman8848
BITSTAMP:BTCUSD
by Ironman8848
2
USOIL - THE MAIN PROBLEM IS STILL INCREASING COVID !SHORT DESCRIPTION: - Nothing has changed! We are still inside DOWN TREND channel (long and short term)! - During Monday trading a huge "HANGING MAN" candlestick has formed, which is a BEARISH SIGNAL! - (Bloomberg) "Oil slipped with the rapid resurgence of COVID-19 in India and other countries casting a cloud around a return to normal consumption, even as OPEC+ projected a strong global demand recovery this year." - (Bloomberg) "Indian Oil Corp. is looking to sell gasoline into the spot market -- a potential indication of weak domestic demand. The country’s refiners are being forced to postpone planned shutdowns for maintenance at some plants as workers are either fleeing or falling ill." - Overall we are still VERY BEARISH! GLOBAL OUTLOOK (nothing has changed): - Record COVID cases in INDIA (the world’s third-largest oil importer) could threaten Global Oil Demand! - The biggest cities in INDIA are on lockdown again this month! - India’s combined demand for diesel, the most used fuel in the country, and for gasoline is set to plunge by as much as 20% (!) this month compared to March, officials from refiners and fuel retailers told Bloomberg. - Also rising COVID cases in JAPAN (the world’s fourth-largest oil importer)! - Japan has declared a state of emergency (shutdown) for Tokyo, Osaka, Kyoto and Hyogo from April 25 till 11th May to stop people from travelling and spreading the virus during Japan’s Golden Week holidays from late April through the first week of May! - And last but not least GERMANY (the world’s sixth-largest oil importer) faces lockdown (curfew) until June as curbs fail to push down cases! - And not to forget, on April 1, OPEC+ said it would gradually lift daily oil production by 350,000 barrels in May, 350,000 barrels in June, and 441,000 barrels in July and holding back around eight million barrels a day of output! - All in all, globally it don't look good for oil demand within the next months!
TVC:UKOILShort
by dresipent
USOIL - THE MAIN PROBLEM IS STILL INCREASING COVID !SHORT DESCRIPTION: - Nothing has changed! We are still inside DOWN TREND channel (long and short term)! - During Monday trading a huge "HANGING MAN" candlestick has formed, which is a BEARISH SIGNAL! - (Bloomberg) "Oil slipped with the rapid resurgence of COVID-19 in India and other countries casting a cloud around a return to normal consumption, even as OPEC+ projected a strong global demand recovery this year." - (Bloomberg) "Indian Oil Corp. is looking to sell gasoline into the spot market -- a potential indication of weak domestic demand. The country’s refiners are being forced to postpone planned shutdowns for maintenance at some plants as workers are either fleeing or falling ill." - Overall we are still VERY BEARISH! GLOBAL OUTLOOK (nothing has changed): - Record COVID cases in INDIA (the world’s third-largest oil importer) could threaten Global Oil Demand! - The biggest cities in INDIA are on lockdown again this month! - India’s combined demand for diesel, the most used fuel in the country, and for gasoline is set to plunge by as much as 20% (!) this month compared to March, officials from refiners and fuel retailers told Bloomberg. - Also rising COVID cases in JAPAN (the world’s fourth-largest oil importer)! - Japan has declared a state of emergency (shutdown) for Tokyo, Osaka, Kyoto and Hyogo from April 25 till 11th May to stop people from travelling and spreading the virus during Japan’s Golden Week holidays from late April through the first week of May! - And last but not least GERMANY (the world’s sixth-largest oil importer) faces lockdown (curfew) until June as curbs fail to push down cases! - And not to forget, on April 1, OPEC+ said it would gradually lift daily oil production by 350,000 barrels in May, 350,000 barrels in June, and 441,000 barrels in July and holding back around eight million barrels a day of output! - All in all, globally it don't look good for oil demand within the next months!
TVC:USOILShort
by dresipent