Lone red candle with big gap and high volume on the weekly chart. Topping signs? Watch out for gap fill in the coming weeks. If the gap is filled, path of least resistance is back to previous Support/Resistance zone.
Price on the daily timeframe has completed or is very close to finishing a topping formation in USDCAD. As can be seen in the chart, the market structure has already shifted to the downside in both the 1H and 4H timeframes. Therefore, we could look for possible selling scenarios in any bullish corrective move. Let me know if you would like me to publish an...
Is this a top or just a sideways correction to pattern out excessive price gains that are above current fundamentals? This is the big question when studying stocks right now. NASDAQ:AAPL is definitely not a sideways trend right at the moment, but is it a downside run after a top? What is missing? There are 2 lower highs BUT just ONE lower low. To confirm...
At this point I'm willing to share with the public that I see a potential drop in BTCUSDT , and look to capitalize on the move to the 24K area. Once again the analysis is rather simplistic, utilizing structure, liquidity and ranges. As we already took buy side liquidity, we anticipate a move back towards the lower end of the range, where sell side liquidity...
Axis Banks seems to have topped out. The selling volumes seem to be picking up again similar to it's previous fall. The support levels are likely to be broken on another retest and the stock may be headed for 450 levels over the coming year. View stands invalidated on break of highs of 867
It appears that we have a lot of uncertainty ahead and now is a good time to plan ahead to be sure you aren't left holding the bag. Short Term: Up Longer Term: Down If you combine all the buying and selling across all the major indices you start to see the following: 1.) Sell off volume to the downside is higher than buying volume. 2.) Noya indicator showing...
XLNX had a sudden Inverted V Topping Formation during the summer of 2019, but has recently filled the gap down and is moving up to a bottom completion.
MCD continues to break to the downside, dropping easily through the top completion level and heading down to test a lower low.
CDNS is at risk of a topping formation, but has bounced on its top completion support level. If the stock breaks through this support, the next level of support is below $50.
VRSN has a bounce up at a support level that is technically within the topping formation completion level. The stock has recently consolidated above the prior low for this top.
After running up due to corporation Buybacks, MCD has failed to hold those new highs as heavier than normal Dark Pool Quiet Rotation™ to lower inventory of shares continues. The stock is now stepping down in a short-term topping formation.
After a long struggle bitcoin has validated its topping out formation. It formed a descending triangle pattern and has made a bearish breakout. Hence, we expect the pair to be bearish in the near-term.
AXP has broken through the topping candlestick pattern formation support levels. The stock ran down to a lower support level, then bounced up. Current support is weak to moderate.
AXP has had a slow downward rounding candlestick pattern as the stock slips down in price. The price has stabilized for the moment at a Topping Completion support level.
NTAP on the Weekly View chart shows a traditional Head & Shoulders Topping Formation. This type of top is far less common these days. This is due to changes in Dark Pool transaction activity off the public exchanges, new routing, and new order types. The gap down is above the traditional Head & Shoulders completion level. However, there is some technical evidence...
PayPal broke to the downside, then bounced up on a strong upside market day. However, the gain of the bounce is weaker in volume and price pattern than the previous downside black candlestick. It has weak support to the downside all the way to the red line.
Salesforce.com formed a Rounding Top that broke to the downside. However, it did not complete the Rounding Top Formation yet, as it bounced strongly off of previous monthly highs.
Microsoft gapped up on earnings in April. However, the pattern has weakened since then with gap down action. The stock is now at risk of losing a potential top candlestick pattern formation unless corporate buybacks are instigated to maintain the price level.