Pin Bar rejected at major support level, trend line and its FIB 50% level. Looking for another bullish entry upon breakout of its Pin Bar formation
Predicting the market to be bullish Confirmed with the bullish engulfing in an oversold condition and a Stochastic crossover Like & Comment below your analysis. ___ K.
Bullish engulfing candle near major support level 1.2900 and FIB-retracement level 61.80% with a crossover of the Stochastic in oversold conditions on the Daily. Once engulfing candle is closed and fully formed, I'll be watching for a long entry at the 1 hour chart with an oversold Stochastic and confirmation of a candlestick pattern. TP1: 1.3300 TP2:...
4th consecutive day of rejection. Shooting Star and Doji fully formed. Confirmed resistance area at 370.0. Market overbought by looking at the Stochastic. Singapore30 should give us a potential short opportunity. K.
Perfect example of Support becomes Resistance. Price bounced of nicely from the FIB level 61.80% with a bearish engulfing candle. TP: Near 535.00 level SL: above 555.000
My idea is to shorten the bearish engulfing pattern after the market has made a new low.