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Morning Star

NVDA - Why I'm buying this dipLike many stocks forming a base right now, NVDA is also a victim of false breakups and wild gyrations recently. One may wait to test the next breakup (again) or alternatively, "buy the dips". However we before we buy a dip, we want to check that the bullish bias for the stock is still intact, which is the case for NVDA right now: 1. pullback was within 38.2% fib retracement from its AB upswing since hitting bottom in early October (ie still within acceptable range of a "normal pullback") 2. higher hi's and higher lo's still intact 3. bullish divergence between price and RSI acting out (although I have to emphasize that bullish divergence is only predictive of short term price movement, usually next 2-3 candles) 4. lastly, a bullish morning star formation. Go long at the next candle as soon as we have price trading just above the close of yesterday's candle with initial stop placed just slightly below the low of the morning star pattern (~ 158). The trick to trading is not about being right most of the time but wining bigger when right and losing smaller when wrong. Hence money management (ie stop loss, position sizing etc) are also parts of equation. 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!
NASDAQ:NVDALong
by Juliac
10
DOCU - test longDOCU is looking attractive for a short term trade with near term target @67-68 (18% upside from current price). There is potential for a longer term ride should the stock be able to trade and stay above it's 200 day moving average going forward. Reasons for going Long: 1. On the monthly chart, we can see that DOCU could have formed a double bottom @ 35 2. downward trend has been slowly shifting to neutral with slight upward bias at the moment 3. some accumulation has been taking place in the past 2 weeks+ as with the marked increased in average daily volume 4. recent pullback to 50% fib retracement (acceptable range) 5. bullish morning star formation (trigger for Long entry) Initial stop loss just below the morning star pattern (around 51.50) with near term target at 67-68 (horizontal resistence and 200 day moving average). Potential for a longer term ride with trailing stops. Go long at the next candle as soon as we have price trading just above the close of yesterday's candle with initial stop placed just slightly below the low of the morning star pattern (~ 158). 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!
NASDAQ:DOCULong
by Juliac
The SNB could surprise (again) with a larger than expected hikeThe SNB (Swiss National Bank) are expected to hike interest rates tomorrow, which would send their rate above zero for the first time since 2011. The central bank entered ZIRP (zero interest rate policy) between 2011 – 2015 before switching to NIRP (negative interest rate policy) with a rate of -0.75%, where it remained until June this year. And with seemingly few paying attention, they not only hiked rates but came out swinging with a 50bp hike and sent shockwaves across currency markets. This quickly saw the yen strengthen as traders assumed the BOJ would be next to follow, but we’re still waiting and will likely be for some time. But the main point I am making is that the SNB are likely to hike again tomorrow, and it would be wise to at least be prepared for a larger hike than some expect. A 50, 75 or even 100bp hike could be on the table for the SNB A recent poll saw economists up their 50bp hike for the SNB to 75bp. But in light of Sweden’s Riksbank hiking by 100bp, wholesale prices in Germany exploding higher and the potential for the Fed to hike by 100bp, I’m not discounting the potential for the SNB to join to 100bp club. Besides, they hiked by 50bp when the consensus was for no change at all and have a track record with an element of surprise. Furthermore, the Swiss government upgraded 2022 CPI from 2.5% to 3%, and for 2023 from 1.4% to 2.3% - so perhaps they know something we don’t. CHF/JPY daily chart: There are fewer finer examples of a strong bullish trend on a currency chart, than CHF/JPY right now. Momentum has been increasing during each impulse move higher, the moving averages are in ‘bullish sequence’ and fanning out, and prices are respecting the closest average as support. Prices have been coiling up within a falling wedge pattern (bullish in an uptrend) and potentially printed its swing low this week at the 10-day EMA. Furthermore, a 3-day bullish reversal pattern called a morning star has formed, so the bias remains bullish above this week’s low and for a move to the 150.71 high. A break above which brings 154 into focus. However, even if prices break low we would still keep an eye out for a potential swing low, given the diverging policies between the SNB and BOJ.
Long
by CityIndex
hdfclife on reactangle support 1st target 560 final target 586 stop loss 510 >hdfclife formed a power candle with surge in volume exactly on an important support level. >also there is a formation of type of a morning star. >hdfclife is in a rectangle pattern which makes it a simple trading stock. >also it is a part of nifty 50 >nifty 50 formed a bearish candle whereas hdfclife formed a bull power candle (marubozu candle), this is a sign that in a bear market, bulls are their in hdfclife stock.
NSE:HDFCLIFELong
by madhvan20llb058
ADBE - Bullish morning starADBE has strong support on a long term trendline (black line on monthly chart) and any test near there would be a lower risk buying opportunity (with stop loss several ticks below this trendline). The recent pullback brought it back near to the long term trendline support and with the formation of a bullish morning star pattern, one can consider to long now for a short term swing trade. The initial stop loss will be just below the bullish pin bar yesterday. And trailing stops up should trade goes our way. There is a trendline resistence (blue line on the monthly chart) that should it be able to break above eventually (probably not anytime soon though), wold mean a longer term uptrend is probably underway. 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!
NASDAQ:ADBELong
by Juliac
LINK PERSONAL ANALYSIS IN THE SHORT TERM (WOW, POTENTIAL!)The total evaluation for the LINK asset is bearish, however a sudden dump would almost always warrant a potential re-test of the said lost support. We have 2 confirmation candles on the daily signaling a potential reversal as well as the amazing volume profile range to indicate that we are currently sitting at a valuable support of 6.80-7.20$. We probably wouldn't see any extreme dumps for a while considering how the SP500 and the NASDAQ (despite their mega bearish scenario) will often retrace before a further dump. Please be mindful of your risk, go to sleep with a stop loss so you won't suffer any forms of insomnia or paranoia. --------------- You like the chart? That's great, use it! Bookmark it, save it -- its yours, for free. Don't forget to comment, share, and boost the post!
KRAKEN:LINKUSDLong
by Wamses
1
Ultimate Candlestick Cheat Sheet For CryptoHello, traders! Here is the cheat sheet for the candlestick patterns. They are divided into five groups: -Bullish Reversal -Bullish Trend Continuation -Bearish Reversal -Bearish Trend Continuation -Neutral All these common formations you can see on the chart but first of all you should understand what has happened on the market. When you are looking at the candle a lot of useful information can be received. For example if the candle have the long wick to the downside and short body ( hammer ), it means a huge bullish pressure and this is a reversal to the uptrend sign. When you have three stars in the South formation it is can be noticed that the wicks to the downside are long and bodies became shorter. It means the weakness of the downtrend and also the sign of the potential reverse. If the candle have a very small body ( doji ) this indicates that the market is in indefinite situation. Bulls and bears war did not lead to price changes and future price direction is unknown. Do you use the candlestick patterns? Please write your comment and give us a support with like if you like such cheat sheets! DISCLAMER: Information is provided only for educational purposes. Do your own study before taking any actions or decisions.
BITSTAMP:BTCUSD
by Mr_HaMza_
1
EURJPY CASE STUDY: FIBONACCI RETRACEMENT+SUPPORT/RESISTANCE ZONEThe scenario for EURJPY on H1 timeframe could be as following: 1- Retracing from a support after a morning star pattern (bullish pattern) and CCI / %R being oversold suggesting a return to the normal zone, with a buy order being put after the new candle making a wick down and breaking the high of the current one. Targets are set according to Fibonacci lvevls; 2- If the price respects the down trend, we should expect a break of the support after the retracement; 3- Now the perfect scenario would be to wait until a retest of the support to take our sell order, with targets beimg put at major levels. Put your stop losses according to your risk management plan. If you have any questions I will be more than happy to answer them in the comments...
Long
by youhannaabboud
PETRONET has retested , and showing BULLISH movement hey guys , PETRONET stock has shown signs of bullish movement this stock was moving in a fixed downtrend , and first also , this stock has crossed it's resistance , but was not able to stand there for a long time , and it lead to BULL TRAP for traders , and after that , this stock has again crossed it's resistance, and now retested. There are several reasons to buy this stock ; 1. A LONG GREEN CANDLE IS MADE 2. THIS STOCK HAS RETESTED AND TAKEN SUPPORT ON IT'S RESISTANCE 3. MORNING STAR HAS BEEN MADE BY THIS STOCK due to these reasons , i suggest you to buy this stock and earn high returns , I have marked the TARGET and STOP LOSS for y'all, the RISKREWARD RATIO is 1:3 BUT PLS CONSIDER THE GLOBAL MARKET SITUATIONS; 1. INFLATION 2. WAR 3. RISING BANK RATES 4. INCREASED EXPORT DUTY ON CRUDE OIL AFTER CONSIDERING THESE SITUATIONS YOU CAN BUY THIS STOCK PETRONET 😀😀
NSE:PETRONETLong
by TRADERS_AREA
Silver CFD Analyzehello everyone i think we reach to 38.2% fibo level and also a trendline. we see two candlestick patterns too. one bullish engulfing pattern and one morning star pattern. so maybe we could grow to 200MA and then correct again. if you open a position dont forget too set your SL under this trendline and early bottom u see in chart. (!!!NOTE!!! my posts are just my own opinion and you must trade and invest in your own strategy. be careful and protect your capital first.) thank you all for your supports
TVC:SILVERLong
by TraderAmin-KZ
Long BTCUSDTThe whales are tempting you to short bitcoin so that they can push the prices up by doing this sideways movements. The shorts of liquidation map is piling up, guys you all should go long because they will rekt the shorters. It shows a strong bullish sign on daily candle on btc , it formed a support on daily and it will reverse from here and clean candle up to 31700. it is trapping elliott wave traders to short here, this will bottom here. Long btc . Sick of this sideway obvious manipulation by whales. A lot of people had lost money buying LUNC and investing in scam coins and wanted to recover their losses, Whales had been defending this 29k-30k level multiple times. Everytime, it hits this level, it will bounce back. Everytime, it drops below 29k , it will rebounce back, this shows a sign of strength where whales are accumulating. This might be your last chance to buy bitcoin at the dip before going to 100k. Bitcoin created a support with a green candle and it had formed a morning star daily candle closed with bullish candle with a clean candle to 31800 USD, this should push the price up to 31700 as clean candle. The whales will trap wave traders thinking it will go down but it will go up. Do not short this but long instead, the manipulation is too easy to be spotted. This is very bullish, long bitcoin and take profit at 100k. To the moon. This should be the macro bottom. Simple whales with their obvious manipulation. Hence, btc should moon from here and target 38k . First target should be 33k . This is not a signal and do not follow but a trade idea. Disclaimer - This analysis alone DOES NOT warrant a buy or sell trade immediately. Before you enter any trade in the financial market, it is very important that you have a proper trading plan and risk management approach
FTX:BTCUSDLong
by Future_Wei
1
USD/CNH May Resume Broader Uptrend as China Faces Growth WoesThe US Dollar may regain its footing against the Chinese Yuan amid favorable fundamental headwinds. China's zero-Covid policy has been weighing on local economic output. Meanwhile, rising fears of a recession in the US are slowly weakening global growth expectations. This leaves China in a tricky spot, even if conditions open up locally. A slowing global economy could sap the demand for Chinese goods. Diverging monetary policy is also favoring the US Dollar against the Chinese currency. On the daily chart, USD/CNH has left behind a bullish Morning Star candlestick pattern. Further upside follow-through could open the door to further gains. That would place the focus on the May high at 6.8376. Otherwise, clearing immediate support at 6.6480 exposes the Mat low at 6.6119 as the 50-day Simple Moving Average nears.
by QM_Dubrovsky
Morning Star is confirming a recovery trend on Terra Luna! The morning star formed a bullish engulfing candle set as expected. We have to confirm today's daily chart candle, of course. We exit the descending wege that`s left us with a higher degree of certainty for Luna's rebound at least to a 1 target at $97.00 Bitcoin appears to have hit bottom also. We could have a decisive bull week to resume BullRun. It is to be very attentive with the possibilities of this week in Kripto.
Long
by Chemintrader
Morning Starin daily Luna Grafic. 3 morning stars: the logic is to have 2 small-bodies candles isolated and a third engulfing candle, which is what I expect in this next daily candle. In this case they appeared at the Fibo 50% of the last leg up increasing the confidence of a reversal. Be careful because at the moment we are waiting for the engulfing sail. Note that this last volume candle is small and gives us the idea that sellers are losing their strength to push the price down. Targets upward in golden ratio in yellow.
Long
by Chemintrader
play $FEZ for a bounceFEZ bounced right off the volume shelf where the POC is as well. It looks like it's going to have another V-shaped recovery after selling off heavily. Its RSI is oversold, and MACD looks like it could be beginning to turn around. Overall the weekly chart looks good. It may be smart to wait for FEZ to crack $40.50 or $41 on high volume for extra confirmation. One could argue that there was a morning star reversal pattern if you look at the candles of the most recent potential V-shaped bottom.
AMEX:FEZLong
by EBITDAtiger