Hi Traders! SPX looks to have fallen short of the record high, and there could potentially be a big pullback that is about to occur. Here are the details: There is an evening star candle pattern currently on the 1W chart, and this is the first week the market's weekly open price has opened substantially lower than the previous week's closing price in about 8...
EURGBP exhibits a valid bearish market structure in the 1-hour timeframe, as illustrated in the chart. This structure begins after the price tested an important daily resistance and was subsequently rejected. With this ongoing bearish move, we are inclined to take sell positions in this pair as long as the current structure persists. Upon closer examination, the...
"Evening stars" are not as reliable as they used to be. They occur after heavy speculation and a steep angle of ascent. A few days ahead of earnings, NASDAQ:MSTR could not break through the resistance above. The Gap up was HFT driven. This stock has a lot of retail interest at the moment, with every eye on AI. But the selloff from last quarter's reporting...
After a 1 hour variation of an evening star during the London session this morning, I was alert during the New York session to see if price would be strong enough to push beyond its latest high; especially after a bullish engulfing. Price merely closed off with some buy exhaustion only to followed by a doji. This set-up looks like a false break of a major...
AUDUSD provided a daily shooting star on Monday which signaled that intraday it may become bearish. This re-test is after a Bearish Engulfing was confirmed on the prior touch. The 4H failed to break beyond a monthly resistance. I took a 1H evening star short beneath resistance.
In this Knowledge Nugget, I have explained logic behind my own trade in "IZMO" which rallied 50% + from its swing low in just days. I am found of entering such stocks for one round of buying at support level with my own set up logic. This is for educational purpose & please do not copy this trade without understanding risk & position sizing.
It's a great thing we're no longer fooled by big big candles being a big move. Proce closed pretty Bullish on Sunday only adding to the combination of randomness . Anytime price created a lower low, I project and expect it tush lower after a retest. This is exactly what price is doing, a reversal candlestick at a key area suggests its almost time to short. If...
Hello Guys. Hope you have good times and great trades too! Today i'm going to explain why GOLD will fall to at least 1930 in coming days. First of all as you can see in my chart we see a strong Bearish Divergence Between RSI and price in Daily TF , that i show them with white lines. Next , We can see a Evening Star Pattern in this strong Resistance level(2050...
Weekly momentum may suggests that intraday momentum is bullish. Last week closed out a very strong bullish engulfing from the low of a weekly range. However The Daily is currently at a key reversal area despite its attempt to create a higher high. The 4 hour has been uptrending with high highs and higher lows despite many weak bullish candles. I believe price is...
A few months ago, SquishTrade wrote a bearish technical analysis on TSLA that forecasted a drop to a series of targets that were all reached. TSLA's downward move was more violent and rapid than anyone may have expected. Indeed, TSLA broke down from a huge head-and-shoulders pattern. Supplementary Chart A is the head and shoulders pattern that broke through its...
PFE evening star reversal countertrend wave 2 of uptrend
BAC daily evening star reversal be quick it's a chop city.
SBUX daily evening star reversal in between weekly moving averages
Manage your levels accordingly.Always use stop loss.In Bearish trend its looking a good entry.
A barish pattern formed in Chola fin daily chart. After a uptrend and at major resistance the stock may reverse. For educational purposes only.
Order SELL XLK ARCA Stop 124.64 LMT 124.64 will be automatically canceled at 20230401 01:00:00 EST XLK daily evening star reversal at .38 fibonacci retracement wave 3 of wave C correction.
Order SELL ABNB NASDAQ.NMS Stop 114.63 LMT 114.63 will be automatically canceled at 20230401 01:00:00 EST ABNB daily evening star reversal if break below should go wave C of correction to at least100% fibonacci extension of wave A or 168% of wave B.
Sell Stop 127.27 LMT 127.27 GTC Buy Limit 115.27 GTC Buy Stop 137.06 GTC BA daily evening star reversal with RSI divergence wave 5 of downtrend