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Inside Bar

EL - Strong Price ActionEL formed a bullish divergence on the monthly chart after capitulating on 3 Nov. It then began a "recovery" where there were several attempts to break a resistence zone (228 - 231.5), and finally breaking above on 18 Nov. Alas this proved to be a fake break as it went back below the neckline, eventually finding support only at the 61.8% fibonacci retracement of it's recent AB swing. The last 3 candles then showed a decisively bullish momentum in it's "recovery" : a huge bullish candle (30 Nov) on high volume that propelled it above the neckline again followed by small inside day near the previous candle high, and then another strong candle (last Friday) that did a quick retest and strong rebound from the neckline. Clearly it's momentum is bullish now although it could hit into short term resistence when reaches the 200 day moving average in the coming days. Trail stops up according to your trading pesonality (20 or 50day MA, last pivot low, fib retracement levels, trendline support etc). Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
NYSE:ELLong
by Juliac
USDCAD LONGSOff the daily, its not a rejecting pb. Its in the middle and hence a reaching pb. The daily candle is bullish after London session. Makes sense to look for longs on ltf. On h4 , look left and a previous swing low was taken out. This shows a strong origin. On m15, a good number of previous lows have been taken out(More than 2). This indicates a strong origin. We notice bullish momentum to a point that has been touched previously taking out the pre existing orders as the market ranged around that area and we expect a RTO. The Buy order is executed with tp at 50% of the origin and sl at the previous lowest low of the current m15 market. An extra order is added on m1 time frame off an order block and the trade is pyramided for maximal returns. Now we wait to see the trades results. Our work is done as as retail trade analysts. Now we wait. See you on the next trade ideas ladies and gents. Share & follow if this was of value.
Long
by Abraham_Tradez
2
Can $ADM hold support and move higher from here?Notes: * Very strong up trend on all time frames * Good earnings in the recent quarters * Basing for the past ~6 months * Coming up on the right side of its base * Recently broke back above a key level around ~$87.2 and has been holding this level as support with higher than average volume * Printed an inside day with higher than average volume * Bouncing off of its 20EMA Technicals: Sector: Consumer Defensive - Farm Products Relative Strength vs. Sector: 2.78 Relative Strength vs. SP500: 1.55 U/D Ratio: 1.81 Base Depth: 37.27% Distance from breakout buy point: -10.61% Volume 22.31% above its 15 day avg. Trade Idea: * You can enter now as the price is bouncing off of its 20EMA and a key support level around $87.2 * If you want a better entry you can look to enter around $87.2 or if it pulls back closer to the 20EMA * This stock usually has local tops when the price closes around 12.92% above its 50 EMA * Consider selling into strength if the price closes 12.72% to 13.12% (or higher) above its 50 EMA * The last closing price is 4.89% away from its 50 EMA
NYSE:ADMLong
by HaseebKhan_90
Coal India In A Weekly Timeframe Coal India is looking bullish on chart for short term positional trade. The Mother Candle along with Inside Candle Concept is widely used by trader universally. This pattern is considered to be a high probable trade setup and is also one of my favorite trading setups for intraday / swing / positional. One can look for entry between 228-230 provided a daily candle closing above the mother candle. (candle closing above mother candle is a must) Will suggest a tight stop loss of 210 incase the setup fails. (Note: No setup is 100% probable, so managing risk & position sizing is a must) Disclaimer: Not an investment advice. Do your own analysis, research and manage position sizing according to your risk taking appetite.
NSE:COALINDIALong
by mrphil001
DXY - DAILY - Bullish Breakout Using Inside bars Something on the radar for us today was a potential bullish breakout on the US Dollar Index. We have a while to go, but currently the Tuesday daily candle is forming an inside bar (a bar that trades completely within the range of the previous days bar). Inside bars are a sign of consolidation & consolidation/contraction typically lead to expansion (imagine squeezing a spring together with your fingers, eventually that energy has to get released). Targets have us looking at a previous level of structure from the weekly (look left structure leaves clues) and a 127 Fibonacci extension taken from the most recent swing low to swing high. Stops noted on the chart are options based off being below the lows of the potential inside bar & the lows of the mother candle. Hope this idea is helpful & as always if you have any questions or comments please leave them below as I do go through and read each on. Lastly, i do Livestream here on tradingview each Tues, Wed & Thurs at 7:30 am New York time. Feel free to join the walkthrough & discussion of my Top Trading Idea of the Day. Akil
TVC:DXYLong
by Akil_Stokes
1
Alico Inc. $ALCO, inside bar signalAlico Inc NASDAQ:ALCO produces citrus fruit, while engaged in catle ranching and conservation. So is in the Agricultural Operations Industru Group and is Ranked #1 in Profit Margins. Although, for the six months ended 31 March 2022, Alico, Inc. revenues decreased 7%. The thing is that the technicals are showing strength. With a IBD RS rating of 94, ths stock price is n a confirmed uptrend. Today's price range is inside the previous bar. A breakout above yesterday's range is a pretty good buy signal for me. PS: IBD is signaling a confirmed uptrend in the CME_MINI:ESM2022 .
NASDAQ:ALCOLong
by dpuleo19