We are looking at the harmonic AB=CD pattern on daily chart frame for S&P 500. It looks like 4130 could be a good reversal point retracing at 0.5. But we will wait and see as it could retrace to 0.618 at 4260. Once reversal can be identified by candle formation in next three days we can take a short position from 4000 (if recersed from 4130), or 4130(if reversed...
BTC is forming inverse head and shoulder on 4hr and daily chart and is currently in a good buying zone around 22-22.5k. We take long position here with a TP @24.5k-25k. SL below 21.5k
This daily chart of S&P 500 shows the break of downward trend line resistance and the possible resistance and support lines on Fabionacci retracement if it moves upward. We can see three white soldiers being formed on the candle chart right after a new HH followed by a strong hammer forming new HL reinforcing an uptrend. we take entry for long on next pull back at...
FTSE 100 shows bullish trend line on hourly chart that gives us an idea of where the next HL could be to take a long entry.
This Dowjones Daily chart shows the Monthly and Weekly Resistance and Support levels. The Daily candle on the weekend closed green on 31274.4 after a hammer formed on Thursday which also seems to have broken the previous LL of 29700. Currently 31500 is the weekly resistance if on Monday this Resistance is broken and the daily candle on Wedenesday also closes green...
This daily chart shows a down trend on S&P500 with bearish candle patterns highlighted along with Lower highs and Lower lows. A possible short position near 3790 with stop loss on last LH near 3950.
An inverted hammer on 1hr chart gives an opportunity to make a quick gain on opening a long position from 7176 and take profit at 7240 where resistance is expected.
The inverted hammer indicates an up trend may follow as bulls have maintained the pressure above the opening point on a daily chart. We take a long position after hitting first Higher high.