SURF - Bullish Morning Star Pattern!After a downward streak for the past 2.5 weeks, SURF finally presented a bullish "Morning Star" candlestick pattern. If you are not sure what this pattern entail, just google it and you will find plenty of info.
Go Long as soon as price makes a new high from today's candle (7.39) with an initial stop several ticks below the pattern's low @ 6.84. I will be attempting to ride it to an intial target of 9.50 (trail protective stops upwards) where we could have some serious resistence there. Risk:Reward of 1:3 for this trade.
Disclaimer: TA is about improving our odds of a successful trade (not a guarantee). This is just my own analysis and opinion for discussion and is 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! Thank you. Do give me a thumbs up if you agree. Feel free to let me know what you think! :)
Morning Star
TSLA : Possible Breakout Or Another False Break?Hello Everyone!
NASDAQ:TSLA has been struggling to break above 21 day EMA since it became bearish (in short term) in March when the 21 day EMA fell below the 50 day EMA. One exception happened in April due to sales reports, analyst price targets and earning expectation (?) when it succeeded to go above the 21 day EMA but that move did not sustain as we can see. In May it even went below the 200 day EMA to retest the strong support around $546.
Since then it has formed a wedge structure testing the 21 day EMA multiple times. It is expected that at some point NASDAQ:TSLA will break out of that structure. Price actions in last 3 days have formed a "variation" of the Morning Star pattern which is signaling towards a bullish move tomorrow or early next week (Friday, June 18 onwards). Whether this move will follow through and the wedge structure will be broken in the upward direction can only be verified by the price actions in coming days. Which will also depend on the economic news and overall performance of NASDAQ:NDX given the index has hit all time high today.
Assuming that NASDAQ:TSLA will sustain above 21 day EMA with this move, we can expect it to test recent highs such as price level $635, the $10 Gap fall between price levels $723 & $733 and price level $780.
If in case the upward movement doesn't sustain and the wedge is broken in bearish direction, NASDAQ:TSLA will again test the support level $546. For now I am leaning towards the bullish position more but the possibility of a false break cannot be overruled given the stock's recent performance.
Hope you will find this analysis useful. Please feel free to post your opinion and support my posts if you find them useful.
Thanks!
ADA Back on TrackADA 4H chart recently presented a Morning Star pattern, which indicates a reverse on this short Bearish Cycle we've been experiencing. The most certain thing is that the Bull market is back on track and the price is going up from now on.
AJ Bullish Intraday SwingAj appears to have broken trend and formed a Morning Star? Does this mean that the bullish trend continues? Lets see if theres any meaning to this Morning Star Pattern !
BATAINDIA - Weekly - Swing TradeThe above analysis is done purely based on Price action and Popular chart analysis.
The analysis is done on weekly time frame and hence it may take price a couple of weeks to few months to reach the target.
Analysis and trade setup has been shared in the image itself. The analysis of BATA has been done couple of weeks ago as well. One can check that out in the "linked ideas".
BATA being the leader in its sector, one can also use this analysis for short to medium term investment.
Don't run after the price, and always trade based on your study.
Maintain proper risk management.
Also check out my other ideas based on morning star pattern linked below.
Feel free to comment or message me for any kind of queries.
WHIRLPOOL - Weekly - Retest & Reversal (Morning Star) - SwingThe above analysis is done purely based on Price action and Popular chart analysis.
The analysis is done on weekly time frame and hence it may take price a couple of weeks to few months to reach the target.
Analysis and trade setup has been shared in the image itself.
Don't run after the price, and always trade based on your study.
Maintain proper risk management.
Also check out my other ideas based on morning star pattern linked below.
Feel free to comment or message me for any kind of queries.
BATA - Weekly - Morning star formation at support level - SwingThe above analysis is done purely based on Price action and Popular chart analysis.
The analysis is done on weekly time frame and hence it may take price a couple of weeks to few months to reach the target.
Analysis and trade setup has been shared in the image itself.
BATA being the leader in its sector, one can also use this analysis for short to medium term investment.
Don't run after the price, and always trade based on your study.
Maintain proper risk management.
Also check out my other ideas based on morning star pattern linked below.
Feel free to comment or message me for any kind of queries.
ABNB - Bullish Mornng StarSince peaking on 11 Feb this year, ABNB has been establishing a support zone between 162-170. Today it formed a mornng star pattern right in this support zone.
Expect an upswing next. Should trade goes our way, I would consider to scale out partially between 192-195 and ride the rest with trailing stops.
Disclaimer: This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance. Thank you. Feel free to give me your thoughts ! :)
TSLA People's Champ - Part 2I like what I'm seeing here. Great candle printed today. Starter position order filled at 700, though seems to be battleground level. Tomorrow's candle should confirm the morning star pattern. Local highs and lows all higher. Major trendline validated confirming overall bullish bias. And... it's no secret the upgrades!! :)
Pitfalls:
-Recent news piece not good.
-Bitcoin exposure (sorry, I'm short term bearish on Bitcoin. But long term bullish).
-Of course, inflation.
-800 level looks like a tough cookie to crack.
LNT - Bullish Morning star + Three Soldiers candle formationLNT - Bullish Morning star + Three Soldiers candle formation
AAPL: Several candlesticks/chart patterns to remember!Hello traders and investors! Let’s see how AAPL is doing today!
First, it is inside a boring and annoying congestion , moving erratically without clear direction. But we have the $ 119.05 area to use as a guide, because it seems this is a nice support level for the short/mid-term.
Recently, AAPL did an Island Reversal chart pattern near this support level, and it just hit the next target at $ 124 (previous top). The Island Reversal is a nice pattern, and it seems it is working, as AAPL is trying to engage a bull trend, by doing higher highs/lows.
Now, let’s see the daily chart:
What we must keep in mind that we have a Morning Star in a support level here as well. Every Island Reversal is either a Morning Star, or an Evening Star in bigger time frames, and this is why both patterns are quite powerful – because of this natural dual-confirmation the pattern offers.
But since AAPL just hit a resistance level, we can expect some pullback now. Yesterday’s volume was nice, but AAPL will need a stronger bullish structure in the 1h chart to reverse the trend in the daily chart. On the bright side, it seems we have a Triangle chart pattern here, and if triggered, it'll be a great sign for AAPL!
Now, let’s finish this Multi Time Frame Analysis ( MTFA ) by looking at the weekly chart:
The stock is already near a support level, and this favors the bulls in the mid/long-term. But if AAPL loses the $ 116 it’ll kill the bull trend and it’ll seek the $ 106 area again.
Let’s keep our eyes open here, as AAPL is at a decisive point! And remember to follow me to keep in touch with my daily updates, and please, support this idea if you liked it!
Thank you very much.
Have a great weekend!
AUDUSDAUDUSD - LONG SETUP
Price is on an uptrend , since it made a higher high breaking the previous resistance , waiting for the formation of the higher low for our Buy setup.
50% on our Fibonnacci retracement ,
We see price touching the trendline three times, anticipating price to move higher
H2 Morning star candlestick formation shows Bullish momentum
AQUA good sign of reversalAfter a rough week, the market slowly recover we might see a reversal
# Morning star
# 200 EMA support
# MACD crossover
first target = 27
second target = 30
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.
Can UAVS Fly Again? I am long from $8.95. This a great set up where we have completed 5 obvious waves up with a ABC correction into the 0.618 fib level, structure area and the bottom of wave 4. Also, we have formed a morning star with todays gap up. Also, not pictured I have counted the waves down into Wave C, which finished at the projected level. Stocks should also rebound at least in the short term. Target is open.
