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Reversalcandle

SLB is breaking out of a head and shoulders patternIn this chart I point to main chart pattern in the SLB prices at this moment, that is the head and shoulders. Not only that, but the prices are doing a breakout of this pattern, that I indicate step-by-step at the purple text in the chart. I am also trying to take some advantage of this movement, and so I bought a very short term put option to try catch some profit from an eventual falling in prices. The put information is in the gray text in the chart.
NYSE:SLBShort
by thessia_
2
3 HOUR REVERSAL CANDLE IN CONFLUENCE WITH OVERBOUGHT CONDITIONS Hello traders, 3 hour chart here. Everyone is calling for a full blown reversal after just one bullish daily candle.....this is how traders get sucked into buying higher during bear markets while big money is getting there shorts filled by you. Overbought conditions, and a reversal candle with a massive doji. 25x long liquidations around $30,888 - $31,111. Stay safe, and never chase green candles. Same goes for red candles. Why? Liquidations/stop hunts will always come before the next major move, it's just how these markets we're designed to move and flow.
BITFINEX:BTCUSDShort
by YurloTrades
11
Sell On Rally (Short Setup)After A Huge Volume And Bullish Direction Now At 1H Chart And 4H Chart Market Going To Reverse Direction To Test A Minor Support -Reversal Candle Has Been Formed (4H Chart) -Middle Of September This Resistant Has Been Tested But Couldn't Break It -If Market Started With A Gap Trade Position Will Be Postponed Until Other Reversal Candle *Goodluck All And If You Have Comment Or Criticism/Suggestion I Would Like To Share Them With Me Below My Post Thanks For Your Time OANDA:EURJPY
Short
by R31NCARNATION
2
AUDJPY Timeframe agreement & Price Action for shortsTrade idea based solely on timeframe agreement and price action. Summary: * daily chart has shown a reversal candle interact which has interacted with a reasonably strong area of resistance * 4hr chart shows same resistance, but with more contact points * 1hr chart has broken previous upward price structure and started to show signs of lower lows and lower highs. This helps corroborate that the price could move lower. * stoploss above yesterday's high * take profits of around 1:1 to 2:1, reward-to-risk
Short
by NextForexTrade
4
Bitcoin Daily Update (day 278)I believe that it is possible to beat the market through a consistent and unemotional approach. This is primarily achieved through preparing instead of reacting. Click here to learn more about how I use the indicators below and Click here to get my complete trading strategy! Please be advised that I swing trade and will often hold onto a position for > 1 month. What you do with your $ is your business, what I do with my $ is my business. For a variety of reasons I no longer believe that $2,718 will be the bottom of the 2018 Bitcoin’ bear market. I am now very confident that we will return to $1,000 before finding a bottom. That is due to Tyler Jenks’ hyperwave theory and the Point of Control on the Visible Range Volume Profile with > 2 year look back | Calling for $35 ETH before the end of 2018, however I do not believe that will be the bottom. Strongly expect ETH to return to single digits before the end of 2019. Previous analysis: Was very surprised how even it was. Made a bullish and a bearish case Position: Short ETH:BTC 0.03109 | Short EOS:BTC from 0.0008057 | Short ADA:BTC from 954 sats | Short LTC:BTC from 0.00778 Patterns: Hyperwave | Parabolic curve (4h) Horizontal support and resistance: S: $3,200 - $3,311 | R: $3,464 - $3,552 BTCUSDSHORTS: New all time high Funding Rates: Longs receive 0.1344% Short term trend (4 day MA): Close below Medium term trend (9 day MA): Bearish cross and trending down Long term trend ( 33 day MA): Bearish as it gets Overall trend: Still bearish as it gets Volume: Big, next 24 hours are very important. It will either bounce off that volume indicating that it was oversold. Or it will turn the bottom of the body into strong resistance Candlestick analysis: High volume doji that has confirmed Ichimoku Cloud: Useless TD’ Sequential: Daily r7 and weekly r4 indicate more room to the downside Visible Range: Didn’t quite fill the gap Price action: 24h: +3.48% Bollinger Bands: Didn’t quite touch the bottom band Trendline: Turnt into a parabola Daily Trend (Using 1h 33 MA to identify daily trend): Parabolic SAR: $4,314 RSI: Looks like it is throwing back to the neckline of the h&s while in a bull div’ Stochastic: Posturing for a buy Last Day Rule: For bulls the setup day is $3,206 | For bears it is $4,397 Summary: Two days in a row where I am as neutral as can be. There are a number of indicators that can be interpreted a couple of different ways and none of them of giving me any confidence about where we are heading next, outside of the most important. Bearish Case Consensio is fully bearish. The more I learn about Consensio the more I am learning not to bet against it. If I would have listened to the rules then I would still be in my short from ~ $6,300. Instead I closed out around $4,000 and even tried opening a long. I am going to be completely revamping the daily update coming soon due to how much this experience has taught me about recognizing trends and then following them above all else. The daily and weekly TD' Sequential also show more room to the downside. I was also viewing this parabolic pattern as very bearish and a potential indication of upcoming capitulation until I posted it in Tyler Jenks hyperwave Telegram and was quickly corrected by a trader that I have a lot of respect for. Bullish Case “Parabolic moves are characterized by unsustainability. They are quite fragile and tend to break in the opposite direction.” -David Puell a/k/a @kenoshaking At first I saw the price turning prior support into resistance and posturing for a big move. Now I am inclined to agree with David. Furthermore we are looking at high volume reversal candles on a number of large cap coins. BTC’, ETH’, LTC’, EOS’. That really, really made me want to close the rest of my shorts and open another long. However, I am making improvements to my stop loss strategy and sticking to a new rule, which is never betting against the short term trend. EOS’ is a great example of my new approach to stop losses. I was deep into the profit on a perfected daily 9 and really wanted to close out. Instead I trailed my stop to 50% of the prior days marubozu (ex: if extended range candle / marbozu then draw fib on the individual candle and place stop at 50% point. This should be slightly above the 4 day MA. If it isn't then make sure to adjust the stop). In regards to betting against the trend: if I want to go long (like I do off the confirmed high volume reversal candle) then I must wait for a daily close above the 4 MA.
BITSTAMP:BTCUSD
by Sawcruhteez
4
EA finding resistance at 2007 highEA has been in a good uptrend since 2012 and I have often looked at it during this time. However, it is susceptible to deep pullbacks so has never been worth serious consideration. More recently (since the October 2014 low) a more reliable trend has begun to develop. The daily 50sma is now working well as support. Gaps up also have been corresponding with earnings announcements. Unfortunately there is resistance ahead. Yesterday's gap up was a bearish reversal bar (a shooting star) which closed below the 2007 high ($61.62). The next major resistance beyond this is the 2005 high of $71.16. If it were not for these two price obstacles I would consider a small risk buy - but far safer is to wait for the break above $71.16. By then a clearer trend structure should be visible - either as confirmation of a good trend or not. So EA is a stock to reconsider if price breaks the 2005 high.
NASDAQ:EALong
by iAnneTrader
Is MDVN uptrend becoming established?MDVN was a possible long for me back in November 2014. Price had broken above the $100 figure and retested it with a bull flag formation and I felt this was enough to propel price higher (which it did, marginally, a few weeks later). However, the move could not be sustained and price came back down to retest the $100 figure on several occasions - most notably to form a slightly skewed double bottom which just breached support. Last week this consolidation/pullback zone was broken with a gap up (on higher volume). Price now seems to be trending again and, with no resistance ahead, this could be a good (but early) opportunity to buy this stock. Longer-term traders may want to wait a little longer to see the trend become more established.
MLong
by iAnneTrader
1