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Shooting Star

#Google - Uptrend might comes to an end but wait!! Google has been trading inside Huge longterm Uptrend channel however this is all based on monthly candles so WAIT FOR MONTHLY CANDLE CLOSE!! this is a long term analysis & smaller timeframe moves won't affect it, we have been in an uptrend since 2012 after breaking out of multiyear ascending triangle, now we are looking at a possible Double top on monthly chart also a Bearish Shooting star candle close Double Top :- If we does create a double top & have bearish candle close then I expect a deep correction at least to 0.618 Fib level mentioned on the chart (Orange box) we surely will have a bounce from there either to continue upside or reject down to much lower towards the Green Box. As I said in beginning this is a Multiyear trading idea so this should only concern to SWING TRADER & INVESTORS! Will keep updating timeline as we have more PA.
NASDAQ:GOOGL
by TradingV2
1
AUDUSD - Intraday Analysis - H1 - Possible Bearish ReversalAUDUSD - Intraday Analysis - H1 - Possible Bearish Reversal - SHORT We have a bullish Parallel Channel on the H4 & H1 chart, price made a new high and touch the upper trend line of the parallel channel. We have a shooting star on the H4 that shows us that the buyers are taking their profits, so we have a possible bearish reversal. Now we are waiting for a little pullback at a key zone 0.6655 to enter short. Our first target will be @ 0.6605 and second target the 0.236 Level0.6555 ■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■ Entry: 0.6655 | Stoploss: 0.6680 | Takeprofit1: 0.6605 | Takeprofit2: 0.6555 | ■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■ ■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■ If you like this idea please click the like button to support this channel, thanks. ■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■ Disclaimer: All information and ideas provided is for educational purposes only. It is not a recommendation to buy or sell. ■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■
Short
by Sami_Derti
GBPJPY - H1 - Double Top - SELLGBPJPY - H1 -Double Top - SELL We have a breaish trend on the H1 chart and price made a Double Top with a Pullback under the 200 MA, with long wicks candles: a Hammer and a shooting star this tell us that de Bears are taking the lead. We enter short @ 130.75. ■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■ Entry: 130.75 | Stoploss: 131.25 | Takeprofit1: 130.05 | ■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■ ■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■ If you like this idea please click the like button to support this channel, thanks. ■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■ Disclaimer: All information and ideas provided is for educational purposes only. It is not a recommendation to buy or sell. ■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■
Short
by Sami_Derti
1
Monthly Chart of USDINRMonthly Chart of USDINR: As seen from the Monthly Chart of USDINR, the currency is trading in the Rising Channel pattern since 2013 to till date. In the month of April-2020 the currency has hit the Upper part of Channel around the levels of 76.50-77.00 and retraced. The currency has formed a Shooting star Candlestick pattern around the resistance levels on Monthly chart. If this pattern is to hold then we may see appreciation in the Currency. 1st Support lies around the levels of 74.00-74.50 and if it is broken then 2nd support lies around the levels of 72.00-72.50. Resistance lies around the levels of 76.50-77.00 For educational purpose
Short
by OPTIONS-QUANT
1
The infamous Sell in May and Go Away.We are afraid of the famous “Sell in May and Go Away”, and that’s always good to put some senses in our heads. Let’s see what the chart can tell us. Today the bulls reacted, after a very nice and healthy pullback to the 21 ema. That’s very normal and is still a bull trend, although there’re some signs of danger here, and I’ll talk about them latter. Let’s see the hourly chart now: SPX did a Head & Shoulders pattern and now it seems it’s doing a pullback to the 21 ema, and that’s a decisive point. If the price loses the 2800 (black line), SPX can slip further down, and the bears will dominate for a while. And that’s a real possibility here, especially if we look the weekly chart: Last week it did very classic bearish patter called Shooting Star, just when it reached the 61.8% fib retracement and the 21 ema. To sum up, a very classical bearish sign in a resistance zone. That’s what scares the most the bulls here, and they should be very aware of this. Let’s see how the bulls are going to react now. Remember to follow me, I’m a trader who uses the classic technical analysis (barely any indicator, just the candles and the volume). Like this idea if it helped. Thank you very much. * LIKE this idea and FOLLOW me, because: - Here, you will see clean charts; - Trades with clear risk management; - The best of Dow Theory, Price Action and Candlestick psychology; - Chart patterns with statistics. * * My name is Nathan, I'm a trader and portfolio manager and I'm here to LEARN. Leave your COMMENT and FOLLOW me to keep in touch. *
TVC:SPX
by Nathan_The_Finance_Hydra
5
Multiple Time Frame AUDJPY SHORT Weekly Time Frame Price retested the former low on the weekly timeframe, and met resistance Price also respected the 61.8 fib level Price formend a shooting star/bearish hammer candlestick pattern Daily Time Frame -Thursday candle closed as an indecision candle (showing the possible rally was coming to an end. -Friday candlestick was a large bearish candle further confirming the end of the rally and retesting the double top - waiting for price to pull back and then i'll enter a short 4 Hour Time Frame -Price ended with an indecision candle after a strong move to the downside -I'm expecting a short lived rally to the 69.20-69.50 area, that's where I have a sell order placed. AUDJPY also has a strong positive correlation with SPXUSD and i'm also bearish on that (check my SPXUSD idea, posted yesterday)
Short
by NoCeilingsTrading
1
S&P500: bull trap?Technically speaking, yesterday S&P500 closed with a shooting star candlestick pattern on daily chart, which was a warning signal for bulls... ...today the market continues going higher and it might produce better price to short the equity market. The COVID-19 pandemic is still out there killing people and lot's of industries (e.g. airlines, hotels or cruise lines, etc.) are not working properly... ...companies cut dividends, while people loose their jobs (more than 6,6 million initial jobless claims in US came out last week). If you ask me, whether I think the price formed on 23rd of March this year (around 2200) is the bottom for the equity market, my answer would be: definitely not. What's happening now, seems to me more like "FOMO correction" move, rather than "V" shape economic recovery. Hopefully I am wrong, but in one thing I am pretty sure: "building - is not breaking"... ...so joining bears from around 2780-2800 price zone seems logical for me. Keep in mind, that it's important to follow predefined goal and rules when trading. // I would very much appreciate if you support my work by hitting like .) Feel free to share your opinion/position via comment and follow me to stay updated
OANDA:SPX500USDShort
by GIgor_021
14
MES1! could head down to 2800-2750 zonePeople wanna blame the Corona virus, I just trust the candles. Pink lines show weekly levels here on this 4 hour chart.Speaking of the weekly chart, take a gander and see that this weeks candle is a huge shooting star following the largest bearish weekly candle in years. The bulls can enjoy the bounce for a bit more but in the next coming weeks, I think we'll see 2800 tested. If not, price should head back up to 3200 zone then head down, but in my opinion, that's not likely. Anyway, be careful out there and happy trading everyone!
CME_MINI:MES1!Short
by Godismyfortune
EUR/USD - ShortI am looking to take this pair to the downside, however, we are still very bullish, today is the first bearish day we have seen. 4HR - We have seen a previous Doji candle and then coming down to touch the double bottom, bouncing off support. I would like to see this close below support, test as resistance to then take the short. Keeping in mind that we do also have the double top resistance area above that we could potentially touch first. No rush on this I will be watching closely for the right entry.
Short
by AaronSLuce