Huge wick/Hammer + Volume spike off of the 200 day SMA today - Could this indicate the short term bottom for Orsted?
as you can see it failed to break through support and created a nice strong wick now it coming back down to test the trendline to hopefully break it and create a possible downtrend. keep it simple.
Nice wick rejection at resistance level indication of bulls still in control
There was a long red wick on the weekly chart on the ninth of November, meaning a future down trend, at least in my opinion it does, Plus it broke my white support line. So it’s going under 262.00 to 258.40 or maybe 255, But it’s in a great buying opportunity range under 260.00. Happy Holidays, and safe trading everyone.
Pay attention to the level that price went to. Wicks are very important to decide when a reversal is about to happen and the longer the wick compared to the body of the candle can be used as an indication that price is going to go the other way. Subscribe for more and trade what you see
nice long wicks on the retest indication bulls are taking over.
As covered in our weekly outlook session with our students. This has the potential to be a scalp that moves into an intra/swing position. This time frame (4Hr) shows a considerable amount of liquidity just above. I simply cannot class this current collection of price action as a double top due to the fact that the price did not move into a rejection directly at...
105.000 is a monthly support.. FIB at 0.5 Ratio. There is wickrejection on the 1h TF
This pair is showing serious sell signs and I think its now the time to jump any positions on this. Looking to reach my first target within this week and my next one, the next week. We got multiple strong confluences on this pair on multiple timeframes. Lets see how this one goes. #tradesafe #theforexdaddy
Evening Traders, NWCUSDT update, trading in a equilibrium closing in on its apex, a break will be imminent. Points to consider, - Trend higher lows (Dynamic Support) - Valid demand zone (wick candle closes) - Price Apex (Support and Resistance converging) - Local Range - Volume profile increase NWCUSDT’s immediate price action is trading in...
Every WICK of a candle tells us a story of it's formation.
Gold looks still very weak to break 1912 key level, it has to find the right liquidity needed to break thru that level. Mulitiple wicks on 1912. Trendline has been touched one more time and probablly will hold. On daily TF, not a single body candle has engulfed previous wicks. Personally expecting gold to push up through at least two previous Lower Highs and...
Predicting to be drawn on the weekly.. Let's see. Agrees with UJ Seasonality and it's August..
Crazy wick on the 15m and 5m! Assuming a stop-loss trigger to get some liquidity for the next move up!
We have a strong downtrend on higher time frames. Sideways market on M15 and a fake breakout to the upside followed by a retest of the upper range level. Are the bulls ready to push the price down? Let´s see! Best regards, Becker Investments
Hello everyone, we wanted to try something a little different today but doing a quick video showing our AUD USD intra day chart. Swings The technical side; Supply imbalance - weekly Daily - manipulation move in the supply zone 1 hour chart shows a wedge pattern which allowed the bullish momentum to correct and look for upside potential, however this failed and we...