On the weekly (left panel) Netflix completed the 3rd leg of an evening star reversal (bearish)
NIFTY, weekly chart printed an evening star candlestick pattern with this week's price action failing to make any big gains above the highs plotted at 8968.70. On the daily chart, after a fake trend line break in August, price rallied to make a new high before printing a doji and a bearish candlestick today. Short positions from 8000, could see price falling...
See the chart, break of trend support and we're off. News later today for USD, Retail
Hello everyone. Been a while since I traded again. I've been holding back since Brexit and trying to avoid trading with the US elections going on but started looking at charts again last week. Today I am entering short on WTI Crude Oil. I have entered at the current price of 46.94$ with a stop loss of 50$. Please use your own judgment if you trade in agreement for...
Nice "Evening star" pattern formed on the Monthly resistance, in line with FIB 61.8 made lower high. As the rule of the trend we're about to see new lower low which I'm expecting to be at 1.42250 (confluence with weekly support and -0.27 FIB). Entering on the bearish close below the CTL on 4H.
Classic evening star formation on the weekly chart for EURUSD. TP1 @ 38.2% retracement area. TP2 @ 61.8% retracement area. Given formation on longer time frame, Could take a few weeks to months to play out.
On the weekly time frame After making a failled pin bar buy signal at the major weekly resistance at 1.900 price has been moving down with the initial down trend. On the daily time frame A lot of interesting price action sell signals has been formed I have added my both positions and will add more in the coming days when price makes a new lower low and pull...
EURCAD shows signs that it's going to its downwards trend. With an evening star popping up right at the top of the trendline, we can expect the trend to continue lower. The next resistance identified is 1.45210. I expect prices to hit that point before EURCAD makes it's next move. For more daily signals and analysis, please follow me. As well don't be afraid to...
EUR/USD has formed a Bearish Gartley and Evening Star candlestick pattern on the 4-hr. chart. See chart for more info.
Evening Star candlestick pattern and MACD Divergence warn of a larger pullback. Note: Large multi-national stocks can be negatively impacted by a very strong dollar, because it may make their products too expensive in foreign markets
Short EUR/USD off of 1-hr. chart. Bearish Butterfly pattern completed between 1.272XA & 1.618XA levels. Evening Star candlestick pattern (with Shooting Star as the middle candle) completed on Friday afternoon. EUR/USD has been in a sustained downtrend for awhile now. The trend will reverse at some point of course but we have to trade these Bearish patterns...
Price bounced off the 0.236 fib several times forming a evening star and then several bearish pinbar candlestick patterns in a row. This is indicating selling pressure, we could see price advance to the downside soon. My preference is a rally up to the 0.5 fib in confluence with some structure but advancing up to that level is looking less likely. RBA meeting on...
USD/CAD had touched the H&S target (1.1639) which he formed between 2010 to 2012. Also in that area we have a channel line and 0.618% fib extension AND we can see very clear 5 waves move. Time for correction or reversal? I dont know. BUT we formed last week a evening star very beatiful but we need that confirmation which is a red candle this week at close. So lets...
The $SPX formed an Evening star pattern when it created its rising wedge pattern. The pattern was then confirmed with a move lower the following day. The large green candle that formed after the confirmation candle was then sold off again. This is usually a signal that future rallies will be sold off. A chart pattern and a candle pattern have aligned to possibly...