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...
A few arguments in favour of my call. 1. Divergence on major indicators. 2. MACD crossover. 3. Shooting star candle. On a fundamental level, ECB to introduce further QE plus recent oil gains should push EURGBP down.
We have seen this multiple times when there long pin shooting star indicators are on, falling pattern is to follow.
Price is on a bearish move on the monthly chart it tested the major resistance and counter trend line but could not break it ever since price has rolled over. REASON TO TAKE THIS TRADE Monthly trend bearish shooting star signal on the weekly chart at my kill zone tweezer top formed on the daily 38.2 fib retraced
We have a Bearish Head and Shoulders pattern on the 60 min chart with RSI Divergence. I'm looking for price to come back up and test .6583 level. This correlates with the top of the right shoulder and 50% of the Shooting Star's wick on the Daily chart. The Renko bars also rejected this level. I'm putting my stop just above the swing high. Target one at the first...
GE has seen a huge squeeze up on huge volume and a positive earnings beat. The top of the trend has been clearly marked with a shooting star inverted hammer. I would also like to note that GE saw huge volume in options contracts on Tuesday with nearly 300,000 contracts being traded in what looked to be a covered call at the 35 strike price. I expect GE to...
Bearish Divergence on RSI (1h chart) + shooting star
The S&P500 slid for the last two session erasing most of last week's rally. The current patterns confirm Thursday's shooting star, suggesting the benchmark to be in a bearish market, which may send it back to 1920.4. The benchmark closed on Friday, while trading around 1952.18. The benchmark will reject the ascending triangle figure. should it breach 1952.18, and...
After the FOMC Janet Yellen show / meeting we were bullish for a few minutes to an hour then a quick reversal to close for the S&P / SPY. We have a bearish flag and a bearish shooting star on the daily. If we end Friday with another red candlestick we could be in the danger zone on Monday!! Thoughts anyone? -FunkyTrader
Beautiful Double top on Euraud with a massive shooting star hinting at down move on the coming week.
Confluences: 1/ Trend 2/ Last weeks candle high test/shooting star 3/ resistance 0.66 4/ Daily fib bounce 5/ Daily MACD bullish divergence
WW short, wave 5 candle touch Fib - 27% + formed a shooting star. Entry at 2.09153
Good day all, Here we are looking at a Bearish Cypher pattern that completed and are now ready for entries. The main trend line here is a Bearish trend and we are sitting now with a Bearish Cypher pattern. RSI is at extreme overbought conditions and we are sitting at overbought +- 80.0 level. We aslo have a shooting star at ARROW A and a Doji Candle at ARROW...
A Shooting Star candlestick formed on May 29th. The last two trading sessions have produced Hammer candlestick patterns. All these are potentially Bearish signals for the GBP/JPY.
EA has been in a good uptrend since 2012 and I have often looked at it during this time. However, it is susceptible to deep pullbacks so has never been worth serious consideration. More recently (since the October 2014 low) a more reliable trend has begun to develop. The daily 50sma is now working well as support. Gaps up also have been corresponding with...
EL has been cropping up on my lists quite a lot recently - overall it is an upwardly trending stock and has been since 2009/2010. However, the trend is not at all easy to trade - even for a longer-term trend trader. There have been many periods of extended consolidation - the duration (rather than the depth ) has been the main sticking point. In the last few...
After gapping up on good news NFLX put in a shooting star on increased volume. The MACD cross over and inability to put in a new high despite consolidating inside the Bollinger Bands could be a sign that all the buyers are in and there is a possible pullback coming. A break of the upper resistance line would be a no trade for me due to the previous...