RUNEUSD Hanging man on the 8hr at $6 plus potential head and shoulders forming with a similar structure to the SNXUSD head and shoulders which recently occurred. BTC currently near 60k mark. Will need a reclaim above 60k for further bullish momentum.
Hanging Man
LINKUSD short ? Hanging man on the daily at the resistance level of $32. Price has not breached this level since. Could be in for further bearish momentum unless we breach $32
whats next ?Hi guys i hope u ejnoy this analysis
in daily timeframe we have hanging man and we couldnt break all time high so maybe we have another dump till 50K and 48K
next level is 42K
but its better we wait for close another candle in daily after that we can chose
and if we break all time high we can open long position and we will go till 70K
tnx for supporting us
ANABPossible Short setting up with a hanging man candle on the 1 day chart. We are almost at the top of the channel so a open under the hanging mans real body would be a good place to open a short position with a stop loss maybe just above the hanging mans upper wick i would also wait for the 1st 30 minutes of trading to conclude before possibly trading this as to try to avoid getting faded after the open
Hanging Man Near Upper Trend LinOn the NZDUSD H4 chart we have a Hanging Man candle stick directly below the upper trend line of a triangle.
I have include my current active trade. I will more than likely not be holding this over night as New Zealand has potential high impact news coming out from RBNZ on interest rates.
Option 1 (50pips)
- Entry: 0.7220
- SL: 0.7255
- TP: 0.7173
Option 2 (277 pips)
Entry: 0.7220
SL: 0.7255
TP: 0.7000 <- If we get a trend line break to the downside this would be the next stronger support
Feeling goodHi!
I expect this coin, which I have been watching for a long time, to increase approximately 2.5 times in 2 months once the correction from the hanging man pattern is complete.
It's my opinion, not an advice for you. If you have any other ideas please share with me.
🪂🪂🪂KEEP AN EYE ON ETH/USD WEEKLY CHART!👁🗨Last week, the price rejected at Fibonacci level 4.236
Potential Pullback up to -50%
Credit to @deSultanTM for providing a free VPVR-like indicator, Viper
Find more about Viper👉
"Hanging Man" SPY Daily ChartHanging man on the SPY Daily Candlestick Chart, for all to see, follow through with negative print the next day, looking for further retracement.
TSLA: Key Points to watch for the short/mid-term!Hello traders and investors! Let’s analyze Tesla today!
First, Tesla lost the support at $ 847, which is now working as a resistance, following the Principle of Polarity of Technical Analysis, but we are still inside what is called Trap Zone .
The price is in the area between its resistance and the 21 ema, and Tesla could explode to any direction from here. But we have some interesting key points to keep in mind.
The last gap wasn’t filled, but it still could be, making it an Exhaustion Gap . If that’s the case, the pullback could be seen in the daily chart as well.
Some might say Tesla did a Hanging Man candlestick pattern on Friday, I won’t disagree, but regardless if this is valid or not, we all must agree that if Tesla closes under Friday’s low, we’ll see something new. Tesla rarely closes under the previous day’s low when it is trending, and this could indicate that Tesla needs to rest a little.
Historically speaking, the 21 ema is a good support candidate for Tesla in the next few days, if the signs are triggered in the hourly chart. I think the $ 695 would be too optimistic.
Aside from Friday, the volume was quite low on Tesla during the last bull leg, which may indicate that this is the final phase of the bull trend, and Tesla needs to rest a little bit more before it can resume it.
I’m not saying that the trend is about to be reversed, as so far, we have no reversal sign. I’m saying that we may expect a correction, which is a good thing, as it usually offers opportunities for us all.
The way that Tesla will close today will be very important for the next few days, so, let’s keep our eyes open. And if you liked this analysis, remember to follow me to keep in touch with my daily studies. Check the link below for more analyses, and remember to support this idea as well!
Thank you very much. Have a great Monday.
TSLA: A new record high! But what if Tesla drops?Hello traders and investors! Let’s see how Tesla is doing today!
First, the stock is in an extremely strong bull trend, and there is not a single one pullback or reversal sign (at least not yet). The last candlestick was a Hanging Man pattern, but it wasn’t triggered yet.
We have some gaps around too, and they would work as targets if Tesla starts a pullback. If Tesla fills the last gap next week, we’ll have an Exhaustion Gap that could lead Tesla to lower levels.
In the short-term, Tesla has support at the $ 774 and at the $ 718, we also have a purple trendline that could hold the price . For now, we must watch out for this Hanging Man pattern.
Let’s see the daily chart now:
The trend is clearly bullish, and so far, there’s nothing telling me that Tesla will drop, as crazy as this sounds, and as stretched the chart is. If Tesla triggers the pattern seen in the hourly chart it’ll be a start, sure, but this will take some time to reflect in the daily chart.
What I find curious is the volume lower than the average during this bullish leg. This reinforces the possibility that Tesla may do a correction in the daily chart if it starts showing some weakness in smaller time frames. The big question is, how far could Tesla drop?
Historically speaking, Tesla respects the 21 ema quite well when it is trending . Right now, the 21 ema is near the previous top at the $ 695, but since it is a dynamic indicator, it’ll go up in the next few days.
But remember, so far, Tesla is in a strong bull trend, and no pullback or reversal was triggered yet. And if this analysis helped you, please, support it ! And follow me to keep in touch with my daily studies.
Thank you very much.
EURUSD: 4h''SELL MARKET ORDER''
Why sell?
Exaggerated bearish divergences
Hanging Man candlestick pattern
Additionally, you may want to wait for the trend-line break for confirmation.
Good luck to everyone buying $ !
Bitcoin ready to drop to 14,000
Hello to all respected traders !!!
As I have shown in the chart, Bitcoin is within its historical resistance at the weekly timeframe, and the last candlestick to close is a perfect pendant with a hanging man.
The RSI also indicates that Bitcoin is in full saturation, so I think all the conditions are in place for a correction to the 14000 range.
I will be very happy to write your comments for me. Thanks
BTC Bearish diamond 2H & Hanging Man 1DIt looks that we have a bearish diamond on the 2hr chart and a Hanging man candle at daily. I'm out for a moment.
So I think BTC it's going to descend to target 1 and maybe but less probably, target 2. Now, maybe it's time to start looking for altcoins.
Getting out of the channel would invalidate the idea.
Take care, high volatility (and winter) is coming.
Not financial advise, do your own research.
Please comment your opinions and ideas.
EURJPY SELLPrice is currently testing the high with the opening of the asian session. There has been a hanging man candlestick formed. I will be going short here. Very SIMPLE.
MULTI-TIMEFRAME ANALYSIS - GBPUSD1W Analysis
The pair made an upwards move into the resistance zone identified last week before getting rejected and closing as what seems to be a shooting star candle. If the pair fails to gain momentum to re-test the zone we might see it fall towards the support zone identified last week. However a break above the resistance zone would see the pair rally towards the next resistance zone above it.
1D Analysis
The structure of the 1D chart is unchanged, with the last candle closing above the 1D resistance turned support zone even after being rejected by the 1W resistance zone. The pair would need to close below the 1D resistance turned support zone in order for a definite sell to occur.
8H Analysis
The pair can be seen within an ascending channel and seems to have closed its last candle reasonably close to its resistance after bouncing off the 8H support zone. A break above the channel's resistance could see the pair rise towards the 1W resistance zone. A rejection however would see the pair head to re-test the 8H support zone and possibly break below it and head towards the support of the channel.
4H Analysis
The pair closed within a 4H resistance zone and seems to have closed as a hanging man, the candle that follows would need to confirm that the pair is indeed going to decline if not we could see the pair break the 4H resistance zone and ultimately break the resistance of the 8H ascending channel.
2H Analysis
The can be seen within a 2H ascending channel and seems to be creating a HH/HL structure. The structure however seems to have lost momentum as it approached the 4H resistance zone. A close below the last HL would in turn cause the pair to be rejected by the 4H resistance zone starting a new LL/LH structure. However a close above the 4H resistance zone could indicate a further buy.
Conclusion
Monitor the pair on the 2H and 4H timeframe to see exactly what the pair does and how it coincides with the 8H, 1D and 1W in order to make an accurate trading decision.
If you liked this analysis make sure to give us a thumbs up, leave us a comment and make sure to follow us for future ideas 👍❤
MULTI-TIMEFRAME ANALYSIS - GBPUSDWhat a busy week for GBPUSD. The pair managed to successfully bounce off the 1D descending channel, bullish flag, and entered within the 1D disjoint channel resistance from our previous analysis and seems to be heading towards its resistance. You may check our previous analysis by clicking the related idea below.
1W Analysis
The pair seems to have bounced off the 1W support zone, and seems to be heading towards the major resistance zone. A break above the resistance zone would cause the pair to rally even further and possibly test the next resistance zone.
1D Analysis
The pair seems to be testing a minor 1D resistance zone after bouncing off the 1W support zone. The Friday candle closed as a hanging man after the two candles prior to it tested the resistance zone. If the pair closes above the 1D resistance zone we could see a further rally in the price and possible a break of the 1W resistance zone in order to re-test the 1D ascending channel. However, if the pair fails to break above the 1D resistance zone then we may see the pair decline towards 1W support zone once more.
8H Analysis
The pair recently broke its trend line resistance and seems to be testing the support turned resistance of the 8H ascending channel it recently broke out of. A close inside the channel may indicate that the pair would be heading towards its resistance which is also within the 1W resistance zone. If the pair fails to close inside the channel, gets rejected, we may see a decline towards the trend line resistance turned support and a close below it would see the pair drop towards the 1W support zone.
4H Analysis
The pair seems to be having trouble with the resistance caused by the 8H ascending channel. The last candle closed as a doji so we would need to see the close of the next candle to have an idea as to what the pair might be doing.
2H Analysis
The pair seems to have closed above a 2H resistance zone with the last candle closing above it and testing it with its low. This could be a possible indication that the pair might be looking to continue with a rally. This would cause the pair to then enter back within the 8H ascending channel.
Conclusion
Monitor the pair on the 2H and 4H timeframe to see exactly what the pair does and how it coincides with the 8H, 1D and 1W in order to make an accurate trading decision.
If you liked this analysis make sure to give us a thumbs up, leave us a comment and make sure to follow us for future ideas 👍❤
MULTI-TIMEFRAME ANALYSIS - GBPJPYGBPJPY recently broke out of its rising wedge pattern on the 1W timeframe and seems to have successfully re-tested the structure.
1W Analysis
Overall the pair can be seen within a descending triangle and can be seen around its resistance. Within the descending triangle there is also a rising wedge structure that the pair recently broke out of. The pair seems to have re-tested the wedge's support turned resistance along with the descending triangle's resistance before pulling back. The candle prior to the current week seems to have closed as an inverted hammer which was meant to indicate a potential upside to follow but the current week's candle seems to have been a bearish candle which might indicate that the inverted hammer failed. The current week's candle however seems to have gotten slightly rejected by the weekly support zone. The pair might attempt to re-test the zone and attempt to break it or it might head to retest the resistance of the descending triangle.
1D Analysis
The recently broke out of a symmetrical triangle structure but seems to have been rejected by a trend line support along with the 1W support zone. Friday's candle closed as a hammer which might indicate that the pair might push back upwards. Thursday's candle however closed as a doji which indicated indecision, so if the pair does push upwards due to Friday's candle then we can expect the pair to break back into the symmetrical triangle and then attempt to re-test the 1W descending triangle resistance. If the Friday's candle however fails to cause the pair to move upwards, we can then expect the pair to drop and re-test the 1W support zone and possibly break it.
4H Analysis
The pair recently broke out of a symmetrical triangle structure to the downside, it can also be seen within a descending parallel channel and the last candles close is right on its resistance. The resistance of the channel was tested by the last three candles of the pair, with the second last being a bearish spinning top and the last candle closing as a somewhat inverted hammer. If the pair fails to break the resistance we can then expect it to drop towards the support of the channel and the 4H support zone, if it successfully breaks both then we can expect a further sell-off, if the pair however gets rejected then we can expect it to re-test the channel's resistance and attempt to break it.
1H Analysis
The pair seems to have broken out of the descending broadening wedge structure but is still contained within the 4H descending parallel channel. The second last candle closed as a hanging man after its break of the descending broadening wedge structure, this might be an indication that the pair might fall back within the structure. The last candle closed as a bearish candle right on the descending broadening wedge structure which should serve as the sell confirmation, if the pair successfully breaks back into the descending broadening wedge structure we can expect it to drop towards the 4H support zone. However if it fails to break back into the descending broadening wedge structure then we can expect the pair to rally towards the support turned resistance of the 4H symmetrical triangle.
Conclusion
Monitor the pair on the 1H timeframe to see exactly what the pair does and how it coincides with the 4H and 1D in order to make an accurate trading decision.
If you liked this analysis make sure to give us a thumbs up, leave us a comment and make sure to follow us for future ideas 👍❤
Bitcoin: weekly timeframeAfter a long time I finally noticed this. Something made me BC before I spotted the pattern and then it just jumped out of the screen... Maybe I have spotted it and forgot about it lol idk. someone let me know in the comments below 😂
''Took you long enough'' they say! Hehe good one!!
Here we see a cypher pattern.. Hanging man / spinning top can be spotted at the reversal zone. Notice last week price action formed another hanging man giving the bearish signal after hitting the fibonacci circle plotted from B-D.
B, C & D also make up a fibonacci triangle with the 1.272 price extension in more than 5.00 time extension, suggesting that the buyers are weak and the sellers are gaining the upper hand here.
Make sure to check out the related ideas for more information, and see some set-ups appearing on the daily and intra-day charts
Good luck to everyone trading Bitcoin!
XAUUSD 15mTrade No. #01
''SELL MARKET ORDER''
Reasons for entering:
bearish crab
bearish pennant
hanging man (5 minute timeframe)
Target: 1952
Stops: 1966.50
Federal Bank Target 59The Stock has been in range and adhering the trend line
Can be bought at CMP with Stop loss of 52 on closing basis
Target of 59
Reason previous day candle Hanging man with confirmation of Today green candle closing above yesterday's high
Market is also supportive could be seen in next 2-3 sessions
AAPL - Beware the Hanging Man pattern - 1DAAPL demonstrating a warning that selling pressure is mounting. Previous day would have been valid reversal pattern if todays candlestick closed lower, however it closed higher with another hanging man pattern.
The appearance of these candlesticks near the top of a pattern usually demonstrates a bigger selloff to start the day, and then a rally back to the starting point. The long shadow indicating that selling pressure is beginning, which can be seen in the last 3 candlesticks.
AAPL coming off a huge gain after both financials were solid, and the announcement of the split. Current pattern is bullish, and will continue, look out for a further confirmation of reversal.
SPY 4 Hour Rising WedgeSentiment:Neutral
Although a lot of the technical analysis points to overextension in the $SPY. Price action is largely determined by market psychology as well as recent news catalyst. With that being said, I believe we are in a period of greed rn in which many investors don't imagine $Spy coming down due to low interest rates and the numerous pumps done by the Federal Reserve to keep the market strong. However what comes after a period of greed? A period of fear. If your'e taking on positions remember to practice proper risk management and enter small.
Sentiment: Neutral
Reasons: 1. Bullish Catalysts
2.Rising Wedge
3. Decrease in Volume and Increase in Selling Pressure
4. Doji and Hanging Man Formation
AUDJPY best time to BUY? Reasons :
In AUD/JPY price protected by serveral important factors which:
1. As you can see , price react to EMA 22 very well, EMA 22 currently price: 1.7100
2. This Pair Price protected from bears by very important static support ( this support was a resistance , when it breaks turn in to support ) :1.7060
3. Our Trade Stoploss protected by nice trend line ( DYNAMIC support ) near static support.
4. After hanging man candel stick , we saw a full engulfing candel but bulls use any chance to buy at our setup entry price ! it means there is a great DEMAND area!
1:2 RR
