NYSE:TWTR - Price closed with a hammer candle after a waterfall drop - Buyers look to be stepping in at this key demand zone - Will look to build a position from here to target a reversion towards the 200ma - R/R 1:2 SL & TP on chart - MANAGE YOUR RISK - Disclaimer: All ideas are my opinion and should not be taken as financial advice.
EURCHF third touch in the daily support potencial for the uptrend is huge in this market as it is oversold daily candle bullish hammer
BTCUSD is on the trend line rejecting with a hammer pattern that signs to a continue of the push to atleast $14.000. also there is an golden retracement of 61.8% on the weekly chart. feel free to like and give your opnions on my analysis.
FX:EURNZD Broke the support line and is making a Bearish Hammer
These Bears are hungry after the rally back to their front lines! The most text Weekly Candle confirms it: having gapped up past the previous weekly, bullish candle... looks like a The Hamme is about to correct the rally! Trade well, my friends!
FX:EURUSD If price exceeds inverted hammer, good point to buy!
The past 2 days have gave us some glimmer of hope with BTC flirting with 11000 after bouncing from its 9400 level. From my talks with other traders, most are bullish towards the upside range of 12000/13000 but expect some choppiness along the way. Since flirting with 11000, price action has pulled back a bit. On my previous Idea published, the bounce from 9400...
Possible short term trade on the CHFJPY Japanese Index has started to fall so some currencies are gaining in strength against the Yen Any questions are welcomed and will be answered Lets see how it plays out Ben #PipGainFX
Hello dear traders. How about simplifying our trading a little for today? we are currently at the correction of an uptrend which retraced itself down to 61.8% fibo level and surprisingly it concides with a great hammer.not to mention that another hammer is formed in H1 timeframe as well. you can enter into long position if the hammer will be confirmed.if so,you...
We might see a reversal thanks to the hammer candle... good time to long, we might (only might) break the resistances, this might be the only bulls chance xd... With a rising volume.. below 10057 will be bad for this. I'm not entering new positions yet.
Lovely hammer on 200 MA support 15 minute chart also Golden cross 50 MA over 200 MA
Looks like TSX:HMMJ is about to breakout of his descending channel but we still need more confirmation + daily close today looks really good (hammer). Also, something I'm not familiar with enough, could this be an inverse H&S formation ? Oh well, let's keep following this MARIJUANAAAAAA sector, a lot of promising stock at the moment.
2 consecutive daily hammers, and MACD positioned ready for strong breakout. ER Thursday. Watch for new candle to print above 1.47!
Looking back at my previous assumptions in regards to this Elliott Wave pattern and in combination with the Ichimoku indicator, I initially underestimated the depth of the correction and thought that we may have more support in the form of a Kijun bounce before making a move into the cloud and a potential edge to edge move once within the cloud. While still...
Technicals RSI(10) @62 reaching for higher highs - OBV confirming trend ADX (directional index) on a continuing positive trend We see a very bullish move, as a hammer candlestick is formed at the 61.8% retracement level. ----------- This is happening as the market as a whole is on a rally. I would wait to see if we can break $68 (heavy resistance) on...
The Price has rejected the resistance zone twice, one with a reflective candle and the other one with a hammer candle. The 2 scenarios rely on waiting for the Price to break the trend line or sell now given the ascending wedge. RSI and MACD shows change of trend
Goes Ex-div on 17th, w/ .9 divi Good probability of hitting 50-61.8% retrace off of daily hammer on support. Target profit of 6.37-7.5% w/in 2 weeks. Just raised divi from .8 to .9