Pin Bar
TTEK - prepare for the HOTSHOT!!!Hi traders,
I am here again with an analysis of the stock market . My favorite ticker for today is NASDAQ:TTEK .
There are many confirmations for my thought, that we "will" go higher. Notice the quotation marks - the market shows us what is really right.
Today´s video contains information about:
1) Insiders
2) High volume nodes
3) Low volume nodes
4) Fibo retracement
5) PinBars
6) Support levels
7) Inside-out trades
and more...
I believe that this trade is full of educational content and we are a small step to OPEN THAT TRADE.
Have a nice weekend,
Jakub
FINEIGHT
ETHBTC - Looking Ready For Take-OffETHBTC has formed an Inside-Bar / Pin Bar pattern which could see this ratio move much higher once the highs of the mother candle are taken out. These patterns generally signify bullish consolidation of price and often precede bullish breakouts.
This pattern is in harmony with the very bullish pattern that has formed in BTC. If the BTCUSD pattern breaks out and starts running we will likely see this pattern breakout and start running as well.
HSI futures - false breakout setup a high risk-reward tradeHSI future forms a wedge making me bias to bearish.
Today, it breakouts the previous swing high, EMA50, and a mid-term downward trendline, and immediately drops below, expecting to close as a pinbar.
A classic false breakout setting with 5 conflence factors (also considering the fib retracement, and the long-term resistance).
A 2.5 risk-reward trade will be enter around the close.
GARMIN upcoming RALLY? How to do ANALYSIS $$$Hi traders,
today we have Monday, the first trading day of a week. I went through almost 1000 markets over the weekend and picked one market, which is in my WATCHLIST for the upcoming week ( in total there are almost 100 markets ).
Why did I choose GARMIN ( NASDAQ:GRMN )?
The answer is simple - we have plenty of educational material there :
- Volume profile
- Gap analysis
- Low volume area
- Trend-line
- Finished business (Nobody wanted to TRADE LOWER prices)
Enjoy the video and prepare your WATCHLIST!
Good trading,
Jakub
FINEIGHT
Facebook STRONG SUPPORT level & How to see the structureHello traders,
very strong support level raises our chances for a profitable LONG trade in the FACEBOOK market. NASDAQ:FB
If you connect these points together, you will get the whole picture, what's happening in Facebook:
PINBAR
TRENDLINE
POINT OF CONTROL
ZONE
VALUE AREA
TRADING RANGE
During this rough time it is difficult to follow the trading plan. BUT this ability separates winners and losers . Remember that! :)
Good trading.
FINEIGHT team
Too many SUPPORT levels for AAPL - possible HOMERUN?Hello traders,
many support lvls in the NASDAQ:AAPL market raises confidence to enter LONG trades.
We analyze the graph using very sophisticated tools - Market profile, Volume profile and well-known and typical Price Action.
BUT! Even if we analyze everything beautifully, it does not mean that it will work out. Keep in mind that coronavirus causes panic and illogical behavior.
Good trading guys.
FINEIGHT team
EURAUD short - Supply Demand Setup h4, PinbarHello Traders !
Today we will have a look on EURAUD. Kind of a nice setup. We pushed down from a h4 Supply Zone and the price formed a new one. Now we got a pinbar which could lead to a nice correction in order to grab more liquidity.
Pinbars:
This kind of Candlestick is made by the banks because they took profit of their trades. Therefore most of the time price will reverse or will make a little correction before continuing the Trend.
Setup:
Now we could see a nice correction from here to the h4 Supply. There I would take short if we will get a Price Action Confirmation. The h4 Support Line will be my Take Profit Area.
That was my Idea and I hope you did like it. Please leave a LIKE if you like my Content that I share with you. In the comment section you can tell my your view and ask questions.
Thank you and we will see next time
- Darius.
GBPUSD LAST SELL before STRONG SUPPORT I’m sorry, for so late analysis. I was entered on: 1.1615, but didn’t have time to publish idea. Any way I suggest price to go down to the STRONG SUPPORT/TREND Line.
So, the reasons:
1. As I said, Price is going to the STRONG support/trend line.
2. Price made a little bit retracement, and made a 4 hours pinbar.
SL: 1.1700
TP: 1.1150
Let me know, what do you think?
ETHUSD - Worst Case ScenarioI believe this yearly chart shows the worst case scenario facing ETH holders, which involves price decisively breaking down from the bearish pinbar that formed on the yearly candle in 2019. If this pattern plays out then the next major support doesn't come into play until around $40-50. That is about 40-50% lower than the lowest price that was hit in the epic selloff last week, and about 65-70% lower than current prices. Hitting this low does not effectively change the long term perspective of Ethereum in my opinion, but would make for an absolutely brutal bear market for everyone.