Topglove. JP Morgan’s Projection of RM0.45 probably “failed” this time. As other 3 major player already posing a bullish reversal setup based on Elliott wave and cycle. Just waiting for “confirmation” signal. Topglove price has just broken RM0.605 a “confirmation signal “ +++ Price of weekly Topglove, kossan and monthly Harta has formed a hammer candle/ pin bar...
Rejection Candlestick (Pin Bar) formed on the Daily Time Frame. Enter a short position.
Hello Friends, AMEX:SPY has shed a lot of value in a week but there seems to be some good news if you're looking for a very short term bullish trade. We will have to understand supply/demand levels on multiple time frames. In a daily TF, Price opened gap down, approached a daily/weekly demand zone and closed within top 33.3% of a candle range(Bullish Pin bar...
SPX closed with a small pin bar on huge volume last Friday, coupled with a potential bullish divergence between price and RSI (daily chart), it Looks like we can expect yet another bounce soon. However, divergence usually result in a short term reversal (lasting 2 or several candles) and may not translate into a longer term trend reversal. The last 3 weekly...
EURZAR Target Price 17.731. Pin Bar tail protrudes through a previous pivot point at price 17.327.
AUDNZD still has not budge. I entered a long position based off the R1 Value, EMA 10, EMA 20, Pin Bars, and Descending Parallel Channel.
Expect USOIL to decrease 3874.0 units. Pin Bar formed at 85.967.
After retracing 61.8% of the recent AB up swing (that lasted 2 months from 17 June to 16 Aug), the market finally seem to be finding support yesterday, forming a bullish pin bar and a potential bullish divergence between price and stochastics. However note that a bullish divergence usually signify a SHORT TERM trend reversal (lasting only several candles) and may...
Price is in structured downtrend and it formed breakout + retrace formation and expecting to reach 0.794
So previous idea on ETH went perfect! (Check it if you haven’t seen it yet) Following the analysis,we notice a pinbar candle on 4H ETH chart on demand zone which could lead to higher prices.but since the ascending wedge I told you about it the previous idea broke down,every upside is considered a pullback and an opportunity to sell or short.good luck all!
I've identified a high probability setup on Cisco Systems (CSCO). Confluences-The daily chart has a bullish pin bar on a support level and on the 20 EMA! *This is not financial advice. I really like this trade setup for this week! Loved and Blessed, MrALtrades00
Its about time. Potential Move to 0.60000 to complete cycle of Quarter Levels. Have posted this severally and was waiting for a confirmation. Current reversal level has seen price break the Monthly High Price and pull back. This could be a Fake move to induce Long position since the Monthly Bar just closed was a PIN BAR. A high chance that retail traders will...
Market is ranging quite long time and still it is part of uptrend move. Two days before market printed the Bullish Pinbar and expecting to go further high.
The basic idea is that some pin bars will retrace to around 50% of the tail, so we can look to enter there with a limit order. This provides a tight stop loss with our stop loss just above or below the pin bar high or low and a large potential risk reward on the trade as a result.
It is likey the low of 49.66 hit on 12 May is "the" low for now as we see a bullish pin bar has formed on the monthly chart on relatively high volume. Now appears to be forming the right shoulder of a Head and Shoulders pattern with neckline around 78. A breakup of this neckline (preferably on relatively good volume) will likely mean the stock has turned the...
- As per my Elliott Wave technical analysis - it looks like the massive impulse wave can be completed and we are now headed to a retracement. - On the weekly chart we have a shooting star - bearish candle with a long wick ( PIN BAR )! - If we take a look at the RSI indicator on this chart, we can see a bullish divergence , which is a pretty strong bearish...
Powerful Pin-bar Shooting Star. Price Below The Ichimoku Cloud - Tested Return To Cloud And Was Rejected. A Veritable Forest Of Long Upper Wicks. Bear. Drop Of Price Imminent.
GJ produces a lovely pinbar, Oil is rising and we can buy GJ and aim for considerable rises. Best of Luck.