Get started

Spinning Top

GICRE - Bullish Consolidation with VolumesNSE: GICRE is closing with a bullish consolidation candle supported with volumes. Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days. The stock has been moving along the horizontal support for the past few days which is indicating demand. One can look for a 8% to 12% gain on deployed capital in this swing trade. The view is to be discarded in the event of the stock breaking previous swing low. #NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
NSE:GICRELong
by BrahmaBull31
1W BTC Candlestick and Wave AnalysisI continue to be bearish and, by all my logic and knowledge, think that this market has been heavily manipulated since the Genesis bankruptcy. Just think about it. The moment when the biggest crypto lender needs to liquidate their assets, the price goes up. Also, if you follow the social metric, you know that creators of the crypto content are struggling to get new views. And then, we have Elon changing the Twitter logo and pumping the DOGE, and the last time he did it, he pumped and dumped it for a BTC, which no one seems to remember or even realize. But let's bring some chart analysis into it. We first need to consider a gap in the VPVR on the right. This is the chart of almost a year's worth of weekly candles, and that gap means that the price shot up without significant volume to create support anywhere above 25k. Next, we have three weeks of consolidation, shown by long-legged Doji and two spinning top candle patterns. The last week was bullish. It retested the upper Bollinger band, and as we can see, this one is bearish, which means it got rejected, but keep in mind this one has yet to close. Last but not least, we can see a ribbon closing to a reversal on the ribbon in the waves indicator. If you reduce the timeframe to 5D, it has already painted the local top. Supported by the fact that the grey wave, which indicates the aggression or the speed of trading if you like, is approaching the zero line, which means the trend is reversed from bullish to bearish, excluding the fact that everything in me screams: "BUY," I will not do it. I cannot predict the manipulation though I can see it and react to it thanks to my indicator, so my conclusion is: "Do your homework. This one is mine."
Short
by RockinHood
4
TATACOMM - Spinning Top with Volume SpikeNSE: TATACOMM is closing with a spinning top candle supported with high volumes Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days. The stock has been consolidating for the past few days which is indicating demand. One can look for a 8% to 11% gain on deployed capital in this swing trade. The view is to be discarded in the event of the stock breaking previous swing low. #NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
NSE:TATACOMMLong
by BrahmaBull31
TSLA: Bullseye (again)! Next Key Points to watch [UPDATED].• In our previous post, when TSLA was around $195 I set a target around $179 - $177, if a top sign appears. It happens that TSLA did a Spinning Top, and it dropped sharply afterwards. Now it is below our original target – the link to my previous public analysis is below this post, as usual; • Now, TSLA is just bearish, and so far there’s not a single bullish sign indicating a bottom; • If TSLA reacts and closes above the $177 today, it might bounce to higher levels, like the 21 ema, or even to the $198 again; • In the lack of bullish reaction, we can assume that it’ll seek the gap at $170; • TSLA has been a very easy stock to trade, as its movements are all technical and precise. For now, let’s pay attention to these key points. I’ll keep you updated on this, as usual. Remember to follow me to keep in touch with my daily analyses!
NASDAQ:TSLA
by Nathan_The_Finance_Hydra
3
SPX: Be aware of this KEY POINT! Is this a bottom?• The index did exactly what we described yesterday, as we nailed another support level on the index, at 4,028 (it hit 4,026, but we aren’t that perfectionists). The link to my previous analysis is below this post, as usual; • Now the index is trying to react, and the 4,028 is just where the 21 ema is (1h chart); • It is losing strength, but if it closes above the 38.2% retracement, it might bounce a little bit more; • However, if it loses our dual support level made by the 4,028 + 21 ema, then it’ll probably seek the next retracements; • The 61.8% is the last one, and only if the index loses it we might see a sharper correction in the daily chart, to its 21 ema; • Speaking of daily chart, it seems it triggered a Spinning Top candlestick pattern, which might bring more correction ahead; • For now, let’s pay attention to the dual-support level in the 1h chart, as it all depends on how it’ll react around this area today. I’ll keep you updated on this. Remember to follow me to keep in touch with my daily analyses!
SP:SPX
by Nathan_The_Finance_Hydra
1
SPX Gap Fill Play!SPX has 2 gaps on the daily chart. One gap occurred June 10, 2022 and the other on June 13, 2022. On June 15, 2022 SPX closed the day with a spinning top. My plan is to take SPX to the upside after it breaks 3838.51. However, should it break below 3722.08, I will take it to the downside. I have an alert set at 3838.51 with the expectation of a gap fill to approximately 3900. Please reference the screenshots of the SPX daily chart below. *This is not financial advice. Peace, MrALtrades00
SP:SPXLong
by MrALtrades00
SPY- Bearish- UpdateJust posting a quick update as the SPY is looking even more bearish after closing on Friday with a spinning top reversal pattern on the weekly timeframe- the markets have been overextended for quite some time, technicals are bearish on almost every timeframe- Some FIB levels and RSI-based supply and demand zones to keep an eye on- - Bearish Megaphone Formed - Bearish ABCD Harmonic Pattern Formed - Spinning Top Candlestick Pattern Formed on the Weekly Timeframe (Bearish Reversal Pattern, See Attached Chart Below) - Bearish Butterfly Harmonic Pattern Also Formed on the 4-Hour Timeframe (Not Pictured) - Buyer Volume Drying Up - Bearish Hidden divergence on the RSI - Also way in Overbought Territory Weekly Timeframe Previously Charted
AMEX:SPYShort
by jacobosiason7
1
SPY- Bearish Reversal - UpdateSPY looking very bearish here, frankly, the markets have been overextended for quite some time and all technicals are bearish on almost every timeframe- Some FIB levels and RSI-based supply and demand zones to keep an eye on- - Bearish ABCD Harmonic Pattern Formed - Spinning Top Candlestick Pattern (Reversal Pattern, Bearish in This Case) - Bearish Butterfly Harmonic Pattern Also Formed (See Attached Chart) - Buyer Volume Drying Up - RSI way in Overbought Territory - MACD Death Cross on the 4-Hour Previously Charted
AMEX:SPYShort
by jacobosiason7
2
SPX: When will it drop again?Hello traders and investors! Let’s see how the SPX is doing today! It seems we see a bearish sign on the SPX, indicating a possible top (spinning top?), but I wouldn’t be too excited about it. After all, the index already did a similar pattern last Tuesday (it even more bearish, as it was a shooting star), and it was just a bear trap, as we thought. What’s more, it is always important to analyze the hourly chart before any conclusion. In the 1h chart, we don’t see any bearish structure yet, and we only see a healthy bull trend. As long as the index keeps doing higher highs/lows, the trend won’t reverse. As stated by the 1st tenet of the Dow Theory: Trends persist until a clear reversal occurs . So far, I see no clear reversal. We have two support levels to keep our eyes on: The 21 ema, and the 4,567. If the index loses both supports, probably we’ll see some pullback in the daily chart. For now, let’s just follow it closely, and if you liked this analysis, remember to follow me to keep in touch with my daily updates on stocks and indices. Also, support this idea if it helped you! Have a good day.
SP:SPX
by Nathan_The_Finance_Hydra
6
US30 has been a steady uptrend, insight on scenarios to expect.This Indices has been on a steady uptrend, we have seen a clear break-out, retest and continuation. From the chart we have identified that the price is currently trading in a channel up, a successful to buy to the upper trend-line acting as a RESISTANCE if we can see a rejection with spinning top and or a Bearish Engulfing at this trend-line acting as RESISTANCE area, there is possibility of selling to the SUPPORT AREA @ 35769.7
OANDA:US30USD
by MII1502
SPX: Another RECORD HIGH! But, what if it starts dropping?Hello traders and investors! Let’s see how the SPX is doing today! The index is going up nicely, but the candlestick in the daily chart looks enigmatic, as it is almost a Doji. The long shadow above the daily candlestick is annoying for sure, and kind of ruins the bullish momentum. Since October 13, it seems the index deserves a pullback to the 21 ema again, at least, but we don’t see any meaningful weakness sign. Even if it closes doing a Doji, a Shooting Star, or a possible Spinning Top candlestick pattern, we be aware of the fact that the trend is clearly bullish in the 1h chart too: As long as we don’t see any bearish confirmation here, and a sequence of lower highs/lows, the index won’t reverse in the daily chart. The 21 ema is pointing up, and it is working as a nice support as well. This makes me wonder if a bearish candlestick pattern in the daily would be another bear trap – just a pullback to the 21 ema in the 1h chart. That’s why I prefer to use the 1h chart as a main guide for now. If it drops, ok, we have many support levels to work with, and probably the 21 ema in the daily chart will be our best indicator for now. As some of you have been pointing out, a pullback would be great, and many other stocks would probably give us buy signs. Now I think it is the time to just hold some positions, instead of buying like crazy, and wait for more signs on the index. If you liked this analysis, remember to follow me to keep in touch with my daily updates on stocks and indices. What’s more, support this idea if you liked it! Have a good day.
SP:SPX
by Nathan_The_Finance_Hydra
9