NSE: OIL is closing with a bullish swing reversal candle supported with volumes. Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days. The stock has been moving along the trendline support for the past few days which is indicating demand. One can look for a 8% to 12% gain on deployed...
I have identified my morning star pattern upon previous demand. This is an interday trade and as such I expect to have to monitor the position for a day to a few days for it to achieve its maturity.
Bullish Indications (BIASED LONG) 1. Morning Star Formation at the Point D 2. Bounced back from major support which was tested before 2 times 3. Bullish Divergence 4. Bullish AB=CD Pattern found 5. Price will go up for correction Bearish Indications 1. Lower Highs and Lows 2. Price will continue its bearish trend if it breaks the support level
Like many stocks forming a base right now, NVDA is also a victim of false breakups and wild gyrations recently. One may wait to test the next breakup (again) or alternatively, "buy the dips". However we before we buy a dip, we want to check that the bullish bias for the stock is still intact, which is the case for NVDA right now: 1. pullback was within 38.2%...
DOCU is looking attractive for a short term trade with near term target @67-68 (18% upside from current price). There is potential for a longer term ride should the stock be able to trade and stay above it's 200 day moving average going forward. Reasons for going Long: 1. On the monthly chart, we can see that DOCU could have formed a double bottom @ 35 2....
INTC daily wave 2 of uptrend probably I'm already in you can move your entry above next day candle if it closes above today's doji and completes morning star reversal.
The SNB (Swiss National Bank) are expected to hike interest rates tomorrow, which would send their rate above zero for the first time since 2011. The central bank entered ZIRP (zero interest rate policy) between 2011 – 2015 before switching to NIRP (negative interest rate policy) with a rate of -0.75%, where it remained until June this year. And with seemingly...
1st target 560 final target 586 stop loss 510 >hdfclife formed a power candle with surge in volume exactly on an important support level. >also there is a formation of type of a morning star. >hdfclife is in a rectangle pattern which makes it a simple trading stock. >also it is a part of nifty 50 >nifty 50 formed a bearish candle whereas hdfclife formed a...
Hello everyone, Nasdaq has been trading down this year, but it has made a new swing high and a higher low on daily timeframe after reaching a key zone (explained in the video). RSI is showing bullish signals on daily and H1 timeframes. Buy on the m30, after candlestick signals on Fib levels, and catch your profits! Goodluck, Joe.
ADBE has strong support on a long term trendline (black line on monthly chart) and any test near there would be a lower risk buying opportunity (with stop loss several ticks below this trendline). The recent pullback brought it back near to the long term trendline support and with the formation of a bullish morning star pattern, one can consider to long now for a...
The total evaluation for the LINK asset is bearish, however a sudden dump would almost always warrant a potential re-test of the said lost support. We have 2 confirmation candles on the daily signaling a potential reversal as well as the amazing volume profile range to indicate that we are currently sitting at a valuable support of 6.80-7.20$. We probably wouldn't...
Hello, traders! Here is the cheat sheet for the candlestick patterns. They are divided into five groups: -Bullish Reversal -Bullish Trend Continuation -Bearish Reversal -Bearish Trend Continuation -Neutral All these common formations you can see on the chart but first of all you should understand what has happened on the market. When you are looking at the candle...
what a great candle we see in the early morning session, it creates a morning star candle that aims to change the moment from downside to upside, and then there's a halt candle we wait for the next candle for a break for upside (confirmation) we take the trade and 1:2 risk reward complete still holding for the next target.
Appl weekly chart is showing a morning star pattern. However, I expect a minor pull back as the daily chart shows an inverse head and shoulder, of which will lead a rally towards 52ath. jus an idea
The scenario for EURJPY on H1 timeframe could be as following: 1- Retracing from a support after a morning star pattern (bullish pattern) and CCI / %R being oversold suggesting a return to the normal zone, with a buy order being put after the new candle making a wick down and breaking the high of the current one. Targets are set according to Fibonacci lvevls; 2-...
Morning star formed on monthly chart Graph looking to give upside move of 40 % in this bear market also , with high volume and large buying pressure buy stock
hey guys , PETRONET stock has shown signs of bullish movement this stock was moving in a fixed downtrend , and first also , this stock has crossed it's resistance , but was not able to stand there for a long time , and it lead to BULL TRAP for traders , and after that , this stock has again crossed it's resistance, and now retested. There are several...