Wick-to-wick, ETH broke out of a sideways pennant after an Evening Doji Star gave the trading range. Important notes: Evening Doji Star & Pennants Closest thing to probably get to an EDS on the 4hr timeframe. The close of the Doji is 5 cents below the close of the bullish candle (a strict definition would make this invalid however 5 cents is 0.03% of the...
The Bitcoin price is in the process of creating a daily evening star pattern, which consists of Bullish engulfing candlestick (March 19) Doji (March 20) Potential bearish engulfing candlestick The pattern would be completed with a daily close below $5400, which would take the price towards the range lows at $40xx. Please leave a LIKE if you enjoy the analysis.
After a parabolic advance that would make crypto traders envious, Tesla has created an Evening Star Reversal pattern which tend to mark the top of a price advance, or in this case, a potential blow-off top. Moves like this are rarely sustainable long-term so a pullback in the short-term is expected. Lower levels to watch for potential support stem from previous...
With an all technical perspective, the spy has formed three tops within the last 6 months with less bullish sentiment. On a weekly chart we can see spectacular RSI Divergence and a Doji Star. I think this is a very good risk/reward scenario for considering a short position in spy. The Entry Could be around the close of the doji and a stoploss if it breaks above...
This Evening Doji Star is a reversal candlestick pattern, The uptrend continues with a large green body. The next candle opens higher, trades in a small range and then closes at its opening (Doji). The last candle closes below the midpoint of the body of the first candle. We can see this pattern now on the 1W chart, although in the long term the price returns to...