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Harami

SPY/QQQ Plan Your Trade For 8-8 : Harami Means IndecisionThis update to my morning video was created to help you understand why a Harami pattern will likely prompt fairly large price rotation today. The Harami pattern is an indecision type of pattern. It suggests price is struggling to find direction and may attempt to test upper and lower boundaries. The purpose of the Harami pattern is to flush out weaker trading positions while, essentially, completing a minor Flag formation. The Harami pattern is an Inside Bar. By structure, this Inside Bar is a Flag setup (very short-term). The end of a Flag Formation means price will attempt to move into a new trending mode - or move back into a new Flag formation. Pay attention to how price constructs this Harami/Flag pattern today. Get some. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
AMEX:SPYLong
by BradMatheny
AUDJPY Short Trade Setup A #short trade opportunity recently presented itself on the #aussieyen (#AUDJPY) #trading chart 📉. This is indicated by the #bearish harami candlestick 🕯️ pattern just below the 100.972 horizontal resistance level. This indicates a rejection of the same level, with potential price move in the downward ⬇️ direction (#sell). Sufficient downward momentum should see price dumping towards the 98.500 psychological level and possibly testing the strength of the 98.056 horizontal support level. As always, please apply appropriate risk management. Happy trading! #crosspair
Short
by charles-okoukoni
1
AUDJPY LONG PROJECTION UPDATEAdjusted trendline on H4 as a bullish harami pattern formed which respected the new trendline. Sellers were pushing the market lower until price started to climb again after the formation of the bullish harami and the trendline being respected indicating that sellers are loosing power. Temporary move to the downside doesn't necessarily mean a change in direction of the momentum but we have to look if the market is either retracing or pulling back; in our case it was a pullback since the downside movement wasn't that hectic or require Fibonacci retracement. Using a lower timeframe can make you fall victim to retracements and pullbacks thinking that the trend bias has changed whereas if you focus on higher timeframes from H4-Weekly you'll be able to see the bigger picture instead of a temporary move.
Long
by Fxi_Fe
BTCUSDT Correction development scenario of bear market terminusBTC just made a pullback to neckline of the major Head and Shoulders formation on macro. Now, the price action is abandoning the distributive structure with weak volume, due to a micro H&S. Points of interest We can see on this chart levels to be watch in a potential swing downward. BTC has been trading in a choppy structure, consolidating within a ending diagonal. The potential drawdown till FEB close tends to be form a monthly bearish Harami candlestick pattern, which is highly reliable on higher timeframes. This pattern can be consider highly reliable. A Harami bearish just play out on the last weekly close (1W) and tends to be form on 1M, in which is a rare case. In bear markets, this pattern is an important reversal signal after a rally of relief, indicating an intermediary point for an 2nd and final swing leg-down. On this chart, you can see that the potential throw-over of actual consolidation (choppy structure / breakout of Harami) is in confluence w/ a expected final swing leg-down of an expanding ending diagonal.
Short
by firmestudio
3
GUIDE TO JAPANESE CANDLESHello everyone! Today we will discuss JAPANESE CANDLES! Let's try to understand what they mean and how to use this information in your trading. LET'S GO! Bullish and Bearish PIN BAR A bullish pin bar is a candle with a long shadow, the body of which is located at the top of the candle. Such a candle was formed under the pressure of sellers who were able to push the price down, after which buyers turned on, who pushed the price above the opening and were able to gain a foothold there. This strength of buyers signals to us that sellers are losing dominance in the market and a trend reversal is possible soon. A bearish pin bar has a mirror structure relative to a bullish pin bar. Buyers can't keep the price high, and sellers take up the trend. At these points, we can expect the early completion of the previous impulse and a possible trend change. Bullish and bearish harami Bullish harami consists of two candles: the first is a long full-bodied candle, the second is small with a small body. After a strong downward impulse (the first candle), a sharp reversal begins (the second candle). At the same time, the second candle often opens with a gep. The momentum of the first candle is the last spurt of the market, after which buyers take over the market. The gap in the opening of the second candle and the closing of the first confirms the strength of buyers. Bear harami has a similar structure, but a mirror movement. The last impulse of buyers, was replaced by the gep of sellers. This sign indicates a possible reversal. Bottom and top tweezers These Japanese candles are characterized by two long full-bodied candles. After the first strong impulse, there is a sharp reversal in the opposite direction. This reversal has a huge force, as it is able not only to turn the price against the main trend, but will immediately gain a foothold low. This figure is called tweezers, as the price pierces the level and abruptly returns back. A very strong signal for a reversal. Conclusion These patterns are very popular and useful. The ability to use them correctly in trading can bring significant profits. These patterns help to determine the price reversal, which contributes to a better entry into the position. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻
OANDA:XAUUSDEducation
by Lingrid
12
TSLA: About to CRASH again? Pay ATTENTION to these key points!• Yesterday, TSLA did a bullish candlestick pattern, a Harami, just above the support level at $110; • This is the second Harami we see. Usually, Haramis aren’t strong reversal patterns, and even when they get triggered, they are poor performers. Unlike the previous one, this time the pattern wasn’t even triggered; • This indicates that the trend is still bearish, and if TSLA loses the $110, the next technical support level is the $91 (blue line, weekly chart); • Only if TSLA confirms a very good bullish reaction above the $110, we might see it bouncing again to higher levels. So far, no bullish reaction; • The key point that could reverse the bearish sentiment, at least in the mid-term, is the $126 area. This would be the peak between the two valleys of this possible Double Bottom chart pattern in the daily chart; • These are the main key points to watch on TSLA for now. I’ll keep you updated on this. Remember to follow me to keep in touch with my daily analyses!
NASDAQ:TSLA
by Nathan_The_Finance_Hydra
2
The Big Turn?Good morning!!! Wow....just wow. What a day yesterday. Caught me way off guard, that's for sure. The CPI report really just lit the markets on fire bringing it back to that upward channel from the October 13th low. A few days ago I was already mentally preparing myself that this market could go touch 4000 or even 4100. I just wasn't expecting to get there so soon. I did say that I would CAUTIOUSLY buy into this market and follow it up to 4000ish. But with the gap up yesterday and strong momentum, I decided to just watch the action and wait for another entry. So in the near term, looks like it's leaning more bullish. We now have about 64% of stocks above their 50 day, we broke above resistance (3900) and it may have the strength to get to 4100. But then what? Is this the big turn we've all been waiting for? I don't know. Seems that way after what happened yesterday. But I'm still not convinced. You know, I've noticed that over the years, Goldman Sachs is pretty good at calling where we will end the year on the S&P. Earlier this year, they had originally forecasted that we would end the year at 4300. But then... around June or July? Somewhere around that time. They changed their outlook to 3600. Why? What are they seeing coming in 2023 that we don't? I don't know, I feel something bigger is to come in the coming weeks. Plan for today: Since we gapped up yesterday, I didn't buy into it and I really don't want to chase this rally until I get a couple more confirmations. Even though we are above the 50 day and broke out of the downward channel, I'll need a few days to see if I should enter any short positions or get bullish. If we end today with a Harami candle and Monday we have an up day... gotta get bullish. But if Monday we have a down day, then that could show signs that we could head lower. I still wanna see that VIX get to 40 or 50. Either way, be patient, stay disciplined and trade the market in front of you. Happy Trading!
SP:SPX
by MMOTA_
In-Coming Stock Market Rally?Things have gotten very over-sold for the major indexes and the stock market as a whole but there are things on the macro charts showing that there are incoming winds of potential change. 4th quarter is always a major time for retail and earnings so these are possible factors as well but if we keep simply to the charts on the weekly, we will see that price action is stalling in terms of its ability to continue to the downside. When this occurs a simple way to check for possible seller exhaustion is by peeking at the relative strength index and comparing it to the price action on the chart. And in this case, we see bears putting in a lower low in price, yet on the RSI the reaction has been a higher low on the indicator. To sum this up, this is a signal, that at least in the short to medium term, the strength has shifted over to the bulls. The area to watch is the 3556 level. As long as this level holds look for a rally to 4000 in the coming weeks and months. This will be very difficult level to sustain price action above if a rally was to take us to this level any time soon so use this as a possible trade opportunity until more positive macro factors start to come into the picture in the meantime.
SP:SPXLong
by TradeVibez
NIO Cars Have Four Wheels & A Double Bottom?NIO Cars Have Four Wheels & A Double Bottom? I am confident that NIO vehicles have four wheels and a double bottom pattern on the daily chart. Expected move-From the neckline to the peak of the pattern is approximately 10 bars or 10.99 ticks. What confluences further influenced my position on NIO? -9 MA approaching the 21 MA for a crossover -Broke above the weekly timeframe resistance zone -Bullish Harami pattern spotted on 4H chart. *Special note- NIO gapped down January 24, 2022. The gap size is approximately 5.08% or 1.32. The reasons aforementioned is the explanation for my bullish stance on NIO. *This is not financial advice. Peace & Prosperity, MrALtrades00
NYSE:NIOLong
by MrALtrades00
ishares Trust iShares U.S. Transportation ETF (IYT)-Bullishishares Trust iShares U.S. Transportation ETF AMEX:IYT I am bullish on IYT because I've identified a Bullish Harami pattern on the daily chart. Furthermore, we have several confluences on the MacD, RSI and volume indicators. -The signal is crossing up like A.I. (Allen Iverson) on the MacD indicator - The RSI indicator is pointing up -The OBV indicator is displaying increasing volume Peace & Prosperity, Al *******This is not financial advice**************This is not financial advice**************This is not financial advice*******
CBOE:IYTLong
by MrALtrades00
Palm Oil Prices Back to the Range of 4700-5200 Again?Palm oil prices closed higher and back to the range of 4700-5200. Several Factors that make the palm oil prices back to the range of 4700-5200 as below: 1. Weakness in soybean oil after US raised proposal to scale back biofuel blending mandates 2. Shortage of Workers due to coronavirus pandemic & higher cost of recruitment as palm oil producers make changes in response to accusations of forced labour 3. Record high fertilizer prices 4. MPOB showed higher inventories offset by lower production and higher exports Technical view: 1. Doji formed after range trading between 4724-4949- signal market struggle for new direction 2. Harami indicates reversal signal 3. Stochastic level= remain bearish signs Suggestion Trade: Buying at support 4700; Stop Loss 4600; Target Profit 4950-5000 Selling at resistance 5000; Stop Loss 5200; Target Profit 4750-4800 Disclaimer: Trading Carries Risks. Happy Trading!! Cheers. ** DISCLAIMER: FOR INFO ONLY. TRADING CARRIES RISK **
MYX:FCPO1!
by happytrading96
PLTR: Just filled a gap! What's next?Hello traders and investors! Let’s see how PLTR is doing today! We had a Red Monday yesterday, and PLTR crashed along with the rest of the market. Now, what’s for us here? First, let’s keep in mind that PLTR just filled its gap at $ 23.19, and now we have the beginning of a bullish reaction. This candlestick pattern could be a Harami, which is not the best reversal pattern, I agree, but since it is near such a good support level, the odds of a reversal increases dramatically. In addition, PLTR has been dropping since Sep 24, but the volume was below the average. This is another sign that PLTR has been dropping just because it has been following the market. We still don’t see any meaningful bearish structure that could sustain this drop for too long. In fact, there’s a good chance that we just hit the bottom for now. What we must see is a clearer bullish structure in the 1h chart: If PLTR closes above the previous support level at $ 23.67, it’ll be a good sign, but what we really must see is a bullish structure. So far, PLTR has been doing lower highs/lows, and as Dow would say: Trends persist until a clear reversal occurs. This week is going to be decisive on PLTR, and if you liked this analysis, remember to follow me to keep in touch with my daily updates. Have a good day!
P
by Nathan_The_Finance_Hydra
5
AMZN: An opportunity to BUY? Let's see.Hello traders and investors! Yes, AMZN did exactly what we expected, after it confirmed a top in my last analysis. Now, what to expect here? First, despite the drop, keep in mind that we just hit a Dual-Support level in the daily chart. The first one is the 38.2% Fibonacci’s Retracement , and the second one is the 21 ema . In our last analysis, we set a target at the 21 ema, if it loses the “Trap Zone” we were looking at by the time it was above the $ 3,500. Link to my previous analysis is below this post, as usual. Now, let’s see the 1h chart: In the 1h chart, it seems we have an Exhaustion Bar : A large bar, with high volume, near the previous support that appears after a restless bearish movement. This pattern wasn’t confirmed yet, but it makes perfect sense, given the D and 1h chart support levels. So far, we have a Harami candlestick, which might work as a reversal. If we see any bullish confirmation tomorrow, I’ll consider AMZN as a buy . If you liked this analysis, remember to follow me to keep in touch with my daily updates, and support this idea if you liked it! Have a good day!
NASDAQ:AMZN
by Nathan_The_Finance_Hydra
2
Candlestick Chart Part 2 : ReversalsHello everyone, as we all know the market action discounts everything :) _________________________________Make sure to Like and Follow if you like the idea_________________________________ Today's video will be about the Candlestick Chart : Reversal Patterns. So lets start by talking about the different types of Patterns : Bullish Reversal Patterns Bearish Reversal Patterns And they are divided into 3 groups : Weak Patterns Reliable Patterns Strong Patterns We Start with the Weak Reversals : 1) Dragonfly Pattern : A dragonfly doji candlestick is a candlestick pattern with the open, close, and high prices of an asset at the same level. A dragonfly doji pattern does not appear constantly. It is used as a technical indicator that signals a potential reversal of the asset’s price. 2) Hammer & Hanging Man Patterns : The Hammer is a bullish reversal pattern that forms during a downtrend. It is named because the market is hammering out a bottom. When the price is falling, hammers signal that the bottom is near and the price will start rising again. The long lower shadow indicates that sellers pushed prices lower, but buyers were able to overcome this selling pressure and closed near the open. The Hanging Man is a bearish reversal pattern that can also mark a top or strong resistance level. When the price is rising, the formation of a Hanging Man indicates that sellers are beginning to outnumber buyers. The long lower shadow shows that sellers pushed prices lower during the session. Buyers were able to push the price back up some but only near the open. 3) Inverted Hammer & Shooting Star Patterns : The Inverted Hammer occurs when the price has been falling suggests the possibility of a reversal. Its long upper shadow shows that buyers tried to bid the price higher. However, sellers saw what the buyers were doing, said "No!" and attempted to push the price back down. The Shooting Star is a bearish reversal pattern that looks identical to the inverted hammer but occurs when the price has been rising. Its shape indicates that the price opened at its low, rallied, but pulled back to the bottom. 4) Dark Cloud Pattern : A 2-candle pattern. The first candle is bullish and has a long body. The second candlestick should open significantly above the first one’s closing level and close below 50% of the first candlestick’s body. The sell signal is moderately strong. 5) Piercing Pattern : A 2-candle pattern. The first candlestick is long and bearish. The second candlestick opens with a gap down, below the closing level of the first one. It’s a big bullish candlestick, which closes above the 50% of the first candle’s body. Both bodies should be long enough. 6) Upside Gap Three Method : The upside gap three methods candlestick pattern is a bearish continuation pattern that only occurs during an uptrend. It consists of three candles. The first two candles are long and white in the direction of the prevailing trend. The second black candle creates an upside gap. The third candle fills the gap between the first and the second candle. 7) Downside Gap Three Method : The downside gap three methods candlestick pattern appears during a downtrend and consists of three candles. The first two candles have a gap down between them while the third candle covers the gap between the first two. The gap between the first two candles simply gets filled. 8) Bearish Harami Pattern : A 2-candle pattern. The body of the second candle is completely contained within the body of the first one and has the opposite color. 9) Bullish Herami Pattern : A 2-candle pattern. The body of the second candle is completely contained within the body of the first one and has the opposite color. Now Lets Talk about the Reliable Reversals : 1) Bullish Engulfing Pattern : A 2-candle pattern appears at the end of the downtrend. The first candlestick is bearish. The second candle should open below the low of the first candlestick low and close above its high. 2) Bearish Engulfing Pattern : A 2-candle pattern. The first candlestick is bullish. The second candlestick is bearish and should open above the first candlestick’s high and close below its low. 3) Tower Top Pattern : The tower top is a reversal pattern that occurs at high price levels. Typically one or more long bullish candlesticks are followed by a few smaller real body candlesticks and then the pattern is completed with one or more large bearish candlesticks. 4) Tower Bottom Pattern : The tower bottom is a reversal pattern that occurs at low price levels. There is one or more long bearish candlesticks followed by a few smaller body candlesticks and then concluded with one or more large bullish candlesticks. 5) Bullish Abandoned Baby Pattern : The bullish abandoned baby is a pattern that appears at the end of a downtrend and signals reversal to an uptrend. Simply put, it signals an end of the selling pressure of the bears and return of the bulls in the market. This pattern consists of three candlesticks: the first candle has a black (or red) big body, the second is a small and bearish candle – or a Doji, and the third is white (or green) candle. 6) Bearish Abandoned Baby Pattern : The bearish abandoned baby is a reversal pattern that forms during an uptrend. It is characterized by three candles, where the first candle is long bodied and white/green. The second candle is a Doji that gaps above the close of the first bar in the series. The third candle opens below the close of the second bar and is long bodied and black/red. 7) Dumpling Top Pattern : A dumpling top occurs when small real body candlesticks slowly rise and then move in a neutral to downward direction. The dumpling top pattern is complete when there is a bearish candlestick that gaps down from the other candlesticks. 8) Fry Pan Bottom Pattern : The opposite of the dumpling top is the fry pan bottom pattern. The fry pan bottom occurs when small real body candlesticks slowly move downward and then move in a neutral to upward direction. The fry pan bottom pattern is complete when a bullish candlestick gaps up from the rest of the candlesticks. 9) Bullish Belt Hold Pattern : A bullish belt hold shows up in downtrends. The pattern can be recognized by one long, full-bodied candlestick that is bullish and opens at a new recent low. The bullish belt hold candle is expected to have a flat or nearly flat bottom. The top has a small shadow, relative to the length of the body. 10) Bearish Belt Hold Pattern : The bearish belt hold is the complete opposite and it comes up in uptrends. To detect it, look for a long full-bodied, bearish candlestick that stands out at the top of an uptrend because it will get to a new recent high and it should be noticeably longer than the other candles. 11) Tweezer Top Pattern : The Tweezer Top pattern is a bearish reversal candlestick pattern that is formed at the end of an uptrend. It consists of two candlesticks, the first one being bullish and the second one being bearish candlestick. Both the tweezer candlestick make almost or the same high. 12) Tweezers Bottom Pattern : The Tweezer Bottom candlestick pattern is a bullish reversal candlestick pattern that is formed at the end of the downtrend. It consists of two candlesticks, the first one being bearish and the second one being bullish candlestick. Both the candlesticks make almost or the same low. And Last but not least The Strong Reversal Patterns : 1) Three White Soldiers Pattern : A 3-candle pattern. There’s a series of 3 bullish candles with long bodies. Each candle should open within the previous body, better above its middle. Each candle closes at a new high, near its maximum. The reliability of this pattern is very high, but still, a confirmation in the form of a white candlestick with a higher close or a gap-up is suggested. 2) Three Black Crows Pattern : A 3-candlestick pattern. There’s a series of 3 bearish candles with long bodies. Each candle opens within the body of the previous one, better below its middle. Each candle closes at a new low, near its minimum. The reliability of this pattern is very high, but still, a confirmation in the form of a bearish candlestick with a lower close or a gap-down is suggested. 3) Morning Star Pattern : A 3-candle pattern. After a long bearish candle, there’s a bearish gap down. The bears are in control, but they don’t achieve much. The second candle is quite small and its color is not important, although it’s better if it’s bullish. The third bullish candle opens with a gap up and fills the previous bearish gap. This candle is often longer than the first one. 4) Evening Star Pattern : A 3-candle pattern. After a long bullish candlestick, there’s a bullish gap up. The bulls are in control, but they don’t achieve much. The second candlestick is quite small and its color is not important. The third bearish candle opens with a gap down and fills the previous bullish gap. This candle is often longer than the first one. 5) Bullish Three Line Strike Pattern : A bullish three-line strike is made up of four candles. Of these, the first three are bullish, while the last is bearish. It is made up of three strong bullish candles that progressively end higher followed by a final strike candle. The strike candlestick is bearish and begins at or higher than the third candle but closes at least lower than the open of the first candle. 6) Bearish Three Line Strike Pattern : A bearish three-line strike is a four candle continuation pattern that comes up in a bearish trend. The first three candles are bearish, while the last candle is positive and ends above the highest close of the previous three candles. I Do wanna mention General Reversal Patterns : Three Mountains is the same as Triple Top Pattern Three Rivers is the same as Inverted Triple Top Pattern Buddha Top is the same as Head and Shoulders Pattern Inverted Buddha is the Same as Inverted Head and Shoulders Pattern I hope that I was able to help you understand Reversal Patterns in Candlestick Charts better and if you have any more questions don't hesitate to ask. Hit that like if you found this helpful and check out my other video about the Moving Average, Stochastic oscillator, The Dow Jones Theory, How To Trade Breakouts, The RSI , The MACD , The Bollinger Bands , The Different Types Of Trading Strategies, Candlestick Charts Part 1 links will be bellow
BITSTAMP:BTCUSDEducation
by GabiDahduh
4
NIO: The start of a reversal?Hello traders and investors! Let’s see how NIO is doing today! We have an important bullish structure in the 1h chart, and this could make the difference for the short/mid-term. NIO is triggering the bullish pivot point at $ 37.89 , and if we close above it, we’ll see something new, something NIO hasn't done since it started its fall from the $ 46 area. We have 2 open gaps that are targets for us, and they might help NIO to reverse the trend. Now, we must keep above the 21 ema, and if this pivot point works, we might see a good reversal in the daily chart: In the daily chart, we have a bullish Harami , which doesn’t tell much, but the Harami’s high is the pivot point seen in the 1h chart, so we have at least one confirmation of a possible rally in the daily chart. I like the fact that the volume increased after we found a bottom, and any reaction here might lead NIO to the 21 ema in the daily chart again, around the $ 41 in the short-term. We lack other bullish signs that could confirm a reversal in the mid-term, but the signs we see today are a good start. Let’s follow NIO closely from now on. If you liked this analysis, remember to follow me to keep in touch with my daily updates. Have a good day.
NYSE:NIO
by Nathan_The_Finance_Hydra
8
NIO: This is the key point for it!Hello traders and investors! Let’s see how NIO is doing today! First, NIO defeated the purple trendline , breaking the bear trend seen in the 1h chart. But there is no bull trend yet , as we have no higher highs/lows. But we have a pivot point at $ 34.15, and if defeated, this will be the beginning of a new bull trend in the 1h chart, which could spread to the daily chart as well. Speaking of daily chart: Yep, NIO quickly retested the $ 32 area, and it went to the $ 30.71, but it was a false breakout from our green line. Friday, it did a Harami above a support level. Usually, Haramis have random chances of working as reversal patterns, but the odds increase when we are near important support levels. NIO must not lose this green line again, otherwise, it’ll seek lower levels, like the $ 25. If it triggers the pivot mentioned in the 1h chart, it can easily seek the $ 43 again. Let’s see how NIO will play next. If you liked this analysis, remember to follow me to keep in touch with our studies, and support this idea if it helped you! Thank you very much, have a good week!
NYSE:NIO
by Nathan_The_Finance_Hydra
8