Piercing
$TSLA possible piercing patternIf today closes to make a piercing pattern on $TSLA it might signify a short-term pullback. The stock has had history of breaking to a high and make this pattern then reverse. Long term outlook is still bullish: I believe $TSLA is forming a long base before breaking higher again.
EURUSD 15M Short | Piercing PatternCandle Pattern: Piercing Pattern
Trend: Up
Trend Entry: Against
TP/SL Ratio Target: 1 to 1
Target TP PIPs: 15
SL PIPS: 15
Fib Entry: .236
Fib TP: .50
Stochastic: overbought
Inside EMA/SMA zone: no
BB: top
Pivot Point: Pivot
Notes:
Piercing pattern showing up just shy of the R1 pivot point
stochastic showing overbought with crossover and dip below 80 point
trend might continue up, looking for small 15 pip pullback to the .50 fib level
USDJPY 15M Short | Piercing PatternCandle Pattern: Piercing Pattern
Trend: Down
Trend Entry: With Trend
TP/SL Ratio Target: 1 to 1
Estimated PIPs: 15
Fib Entry: 61.8%
Fib TP: 76.4%
Stochastic: Overbought
Notes:
Entering within EMA/SMA zone
potential 1.3 or 1.6 fib extension to the downside with trend
BTCUSD strong long trade setup (short term)So, a strong piercing line candlestick pattern has emerged on the daily chart, a few days earlier, and I wanted to go long, but the technical analysis was still a bit too much on the sellers side, so I entered the 1H chart, and waited for the resistance line breakthrough, before going long.
So I went long here at 3936.27
Stoploss: 3200.00 (2 % risk of capital)
Take Profit: around the 5000.00 price, depending on the future movement of the price.
As of right now, I think there will be a short term spike up to the 5000 level.
HAL Back to $70Bullish Piercing Candle at support on above average volume at channel support with momentum divergence. We had a higher low recorded on the MACD histogram as well. I am looking for HAL to retest its next resistance level at $70. With stop losses below the low of Friday the trade gives you a 1.5R.