We have dragonfly dojis and a bearish engulfing on the daily with mass amounts of bearish divergence i will short this and target two levels for profit taking.
Hello traders and investors! The SPX did a new record high today, which is amazing. Let’s see what’s going on here. The index is still trapped inside the congestion we mentioned yesterday, between the green line at 3861 and the black line at 3827, and as long as we don’t see a real breakout from any of these points, the index will continue moving sideways ....
Last week Price Action (PA) had broken above its 4HR Trend Line to reach the highs of 1.08963 before pulling back/reversing - whichever it may be - with the Andrews Pitchfork (APF) placed on the previous Pull back. Price has now test the middle APF line and closed with a strong rejection bar (Dragonfly Doji). I'm expecting price to continue its's move up to...
Nasdaq maintains support previous 5day candle body and closes with Dragonfly Doji. One would think this run is getting long in the tooth. Charts are starting to look like they say otherwise with close back above 2018 trendline. Bottom trend line in chart is best take on trend from 2008. Daily Stochastic is still showing strong cross gaining buying momentum. ...
This Dragongfly Doji may predicts the next day at least 1 % BTCUD price
In the current downtrend, a dragonfly doji may signal a price rise is on its way. 'The long lower shadow suggests that there was aggressive selling during the period of the candle, but since the price closed near the open it shows that buyers were able to absorb the selling and push the price back up'
AMZN printed a Dragonfly Doji today, which is usually a good sign of a reversal when seen at the bottom of a downtrend. See attached image below. So, what do we do now? Well, here's my take. AMZN is a buy above the top wick of the dragonfly, so over 1770 tomorrow. However, the tilt in AMZN remains bearish until 1836 is broken and closed above with conviction....