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Spinning Top

ICX making iconic cup and handleICX on the 1D has found strong price support from the Kijun Sen. The Kumo is wide and belly up acting as strong support as well however the support is volatile. Stochastic RSI - Has been scraping bottom and we can see the beginning of a bullish crossover. ADX + DI - Trend down is weakening and the our DIs have started a bullish divergence TRIX - TRIX has crossed over the median line signaling a buy and increase in momentum. Cup and Handle - Price looks as if its found bottom on its handle. As this is a continuation pattern and there are many other bullish signals on the indicators we should see a continuation in the uptrend experienced over the past few weeks. Trade Safe!
Long
by SpektreSignal
1
CRM Salesforce - Time for a PullbackSpinning Top candlestick forming on the weekly. xSilas' Godmode and Stoch RSI both throwing up cautionary signs on almost every timeframe. Hanging out at the top of the Bollinger Bands and looking for a reversion. Entry at $125. Stop set at $132 in case this thing defies all. Take profit at $109-$110, but may very well just hit Bollinger's mean and keep climbing up. Short in the short run, Long other wise. Good upcoming opportunity to "buy the dip", as they say. Squiggly lines for fun.
NYSE:CRMShort
by Tandes88
USDCHF LONG. Still in profit, looking to add a few lots.My USDCHF LONG from 02.26.18 is panning out well as I'm sitting on +90 pips at the time of this writing. Ended last week with a Spinning Top on Friday, March 9, after breaking through the previous supply zone. That zone is now being retested and if if holds will become demand. Price is currently stalling around the 0.947 mark, which was also the HIGH for February. I'm currently ~60 or so pips from my take profit zone (Green Fib Ext Rectangle). If price breaks above last weeks high I'm looking to add an additional lot or two, bank profit on the current LONG and set my stops to break even. One technical thing to keep in mind is that price could easily retrace to the bottom of the channel, which would also correspond to the Retracement Zone from the February low to the high last Friday. If that occurs, as per my custom I'll draw in a trendline in anticipation of a break above it. All of this depends, however, on how the Dollar performs against the majors. As I mentioned in my posts on the Dollar Index from last week, we've yet to have a trend change so all USD longs are are susceptible at the moment.
Long
by jrashaadtrades
Bitcoin's Spinning Top Candlestick PatternBitcoin's 1 wk time frame candlestick pattern is telling us that there is an indecision in market. Probably, we may have a sideways type of market then continue it's uptrend after the bulls win. Usually, traders use spinning tops as a sign to close out long positions and they look for opportunities and potential coin for short positions. MACD isn't crossing in the 1 wk time frame yet that's why I can see that Bitcoin is still in a correction. We may not know how long will it take before the beginning of a new market cycle and perform higher highs but I believe that we have to eliminate the weak hands first before volume spikes. RSI is in the middle and it shows that we will be in a consolidation phase or sideways market. Key is to Patiently HOLD.. because after all these correction, there will be a rise. LONG LIVE BITCOIN!
B
by jcjosue2627
Bullish spinning top doji signal ling a trend reversal?We ended the last 4 hour candle with a green bullish spinning top doji, which is typically indicative of a bullish reversal...so far the follow up candle has been acting bullish..it will need a little volume swell to really validate the spinning top but being that it occurred after a long downtrend close to where we are already anticipating the bottom of the inverted head and shoulders 2nd shoulder, has drifted far enough from the tline that its due to start drifting towards it, and is currently being followed up by a green candle and increased bull momentum, I think its most probable that we will see some temporary upside on at least this next candle. currently the 50 and 200 EMA have yet to cross so that is a good thing...there's a chance they may not even touch but they are currently as close as you can get without touching.
BITFINEX:BTCUSDLong
by DrDovetail
ETHBTC Weekly Chart Analysis, TD Sequential and Spinning TopTaking a step back and looking at the Weekly ETHBTC Chart, we see that the TDSequential Indicator signaled a Buy Trade (Red 9) on the week of December 5th, 2016 around the level of .01 BTC. This level held steady until the breakout in February 2017. When the market finally reached exhaustion, we were signalled a Sell Trade (Green 9) on the week of June 19th. Smart traders could have anticipated the 9 and made the trade one candle earlier on the week of June 12th (Green 8) to lock in maximum profits. Since the Sell Trade signal, we have had a four-candle correction to the downside (two to four is typical) and are now watching a Bullish Spinning Top form on top of the .5 "Fibonacci" Retracement Line as the week of July 17th comes to an end. If the Doji completes and we do not break below the longterm Bullish Trendline and 20-Week EMA, we can expect a bounce upwards to try to break out of the Bearish Channel. It should be noted that when zoomed into the Daily Chart, we were already given two Buy Trade signals on June 27th and July 9th (both Red 9's) and as of today, July 23rd we've made a Red 4 count in yet a third Buy Trade sequence. For confirmation of the trade, we should look for the RSI to make a tick towards the upside on the next weekly candle, or at least to hold above 50. On our move upwards we can expect resistance (and place targets) near .1 BTC and .12 BTC, both of which correspond to Fibonacci Retracement Lines, and again near .14 BTC which corresponds with the TDST Line (Tom Demark Setup Trend) before re-testing All Time Highs near .15 BTC.
by TV_Indicators
D-Day Of Indecision: ETF Dojis And Spinning TopsOn April 24, 2017, four major ETFs based off major indices made suspicious movements. DIA and SPY achieved a doji symbol while IWM and QQQ achieved a spinning top. All of these symbolize indecision on the part of bear and bull traders. By the end of the day, there was little to no change between the Open and Close prices of the aforementioned ETFs.One of these symbols for an individual stock can show potential reversal or indecision, but it is more telling when similar symbols occur across similar stocks or funds. When a gap occurs, it is normally filled (the stock reverses) within the next 10-15 trading days. Even though SPY did not gap up, it still remains in its trend channel. The next 3-5 days will be most telling of these funds and their indices as a whole. SPY If SPY can continue to move up, it could break out of its trend and continue its bull run. If it stays within the channel, the fund will drop and could do so for a while. The fund is also approaching the apex of its trend channel/wedge. SPY will break out of this wedge, and on strong volume one way or the other will lead to continued movement in that direction. The RSI is relatively neutral but slightly trending up. This movement could continue. The TSI has been trending down but has the potential to level out and move up again. Both VI variables are below one and fighting for direction. This is the second indicator of indecision. Lastly, the stochastic oscillator is neutral but has been trending up. Because the closing price and doji SPY achieved on April 24 remain in its trend channel, downward movement is still anticipated for SPY. DIA DIA's gap up has now placed it above previous resistance and its 50 day moving average. There are two likely paths moving forward. DIA could use this old resistance line as new support moving it higher, or it could drop below this line and begin moving down. The RSI is relatively neutral but slightly trending up. This movement could continue. The TSI has been trending down but has the potential to level out and move up again. Both VI variables are below one and fighting for direction. This is the second indicator of indecision. Lastly, the stochastic oscillator is neutral but has begun trending up. The technicals do not necessarily support continued upward movement, but the next few days will confirm or deny if the upward movement is sustainable. IWM IWM's gap up is almost confirmation it has broken out of its recent trend channel. There is still a chance of it filing this gap and continuing down, but it is in the best position to move higher. If and when the gap fills, it will be crucial to see if the downward movement comes with above average volume. The RSI is relatively neutral but trending up. This movement could continue. The TSI has been trending down but has appeared to have leveled off and began moving up again. Both VI variables are flirting with 1.00 and fighting for direction. Lastly, the stochastic oscillator is approaching overbought levels, but has 3-5 trading days before arrival. Once both the K and D are above 80, the fund could begin to drop. The technicals support continued upward movement for IWM. QQQ QQQ's gap up could be short-lived as it nears its macro trend channel resistance line. Even though the gap up escaped its recent, albeit short 15 day trend, it will move down in the near-term. Right now the movement displayed by QQQ is cyclical and natural. It will be key to watch if the fund crosses below its recent support line which is currently between 131.20 and 131.50. A breach below this line could signal further downward movement, but a bounce at or near this level will continue the bull cycle for the fund. The RSI is trending up and nearing overbought. The TSI has been trending down. Both VI variables are flirting with 1.00 and fighting for direction. Lastly, the stochastic oscillator is approaching overbought levels. The technicals are not overwhelming at all.
AMEX:SPY
by StockSignaler
Bitcoin/gold Support & Resistance + High Volume Spinning Top(Note: I'm a beginner at technical analysis. Comments welcome.) This chart is Bitcoin priced in gold via USD. Circled high volume spinning top followed by long red candle. Means there was a lot of trading happening around 0.8281 therefore resistance now stronger. Current green candle looking normal on volume, somewhat long top wick, and balanced "indecisive" -- so maybe it won't even make it back up to resistance before falling below recent low at 0.7183. Support at 0.6525 is a guess.
BITSTAMP:BTCUSDShort
by extantproject
EUR/GBPThe 2 circles showing are the main lower lows of this bearish trend, you can see the reversal has happened as the pair had seemed overbought. I do believe that the trend will retrace in order to breakdown to a more lower point of the chart. You can see the downtrend has broken the higher lows of the bull market. I believe the next lower low will break beyond the higher low by a small margin. I will be starting at the point of 0.85273, which could be identified as head and shoulders spinning top, this will eventually break which I believe will carry on the downtrend. Opening point: 0.85273
Short
by Exogenous
1
Short Trade Crude Oil - 4hr Double Top and 61.8 Retracement. Market Conditions: Downtrending market. Long bearish move without any real pullbacks before now. Double top + daily spinning top at 61.8 retracement. Stops and Targets Stops at 44.99 above the 78.6 retracement. Target at 37.45 - just shy of the 1.27 extension. Let's see how this plays out - this is my first "public" idea here at Tradingview and yes, I know we have news this afternoon. Remember it is just my personal view.
FX:USOILShort
by UnknownUnicorn206897
AUDUSD Short on Symmetrical Triangle/Bearish SentimentSell FX:AUDUSD after break out blew Symmetrical Triangle Consolidation for last 7 days, which created a perfect symmetrical triangle. So, price could break out above the desceneding trendline or break below the ascending trendline. Because market sentiment if Bullish for USD; I will sell if price breaks below ascending trendline Daily Last Candle closed inside the previous Spinning Top; suggesting bear strength Base Range of the Symetrical triangle is 115 Pips So, target also 115 Pips; which is near 1.272 Fib Level STOP LOSS: 15 Pip above the last Candle Take Profit: 1.272 Fib Level Risk Reward: 1.52
by shomonrobie
JLL gaps up but remains below pivot highJLL yesterday gapped up on higher volume and a good earnings report. But it hasn't yet comfortably cleared the recent pivot high of 2nd April. I last looked at JLL 5 months ago in November 2014. The analysis suggested price would be heading higher - which it has done. But some of the pullbacks have been a little deeper than a trend trader would have liked - breaching the 50sma support on a couple of occasions. These pullbacks were within acceptable limits but a more linear trending chart would not have caused as much equity volatility. Yesterday's spinning top/doji - and the fact price failed to break above the recent pivot high in a meaningful way - means that momentum is not as strong to the upside as I would like. I would expect to see a continuation of the uptrend but we need to see a bit more conviction with a stronger, more bullish bar. A possibly buy opportunity in the near future.
NYSE:JLLLong
by iAnneTrader
FTNT gaps up on earningsFTNT only has data going back to 2009 and has been in consolidation for the majority of that time. However, it has a good volume of stock traded on a daily basis and is nicely priced at below $50 (making it cheaper to trade than more expensive stocks). Since breaking out above the 2012 pivot high ($28.82) in December 2014 price did retrace to retest this zone (and the 50sma) in January 2015. A good, linear trend is still to develop. The trend looks to be in the early stages - the 50sma is still being used for support and I would want to see price move away from this before considering a buy here. Yesterday's gap up was most likely due to the earnings announcement. I would not consider this a good near term opportunity as the bar was a doji/spinning top so neither bullish or bearish. A bullish bar may have persuaded me otherwise, but the likelihood of momentum remaining to the upside in the near term does not present a good enough probability for me. FTNT is one to look at, again, some time in the future.
NASDAQ:FTNTLong
by iAnneTrader