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Candlestick Math Candlestick Math - V1.0 Sometimes , you need to do some candlestick math to drown out the noise between the candles . This helps in better decision making overall by understanding the effect of the last few candles. Candlestick Math creates a new blended candle which can be interpreted as a summary of the defined period . The indicator uses Lookback period as an option to define the period. For those who are not familiar with the Candlestick math , please google it and you will see many references. Please do note that this is a very short code and future versions will contain Multi frame capabilities as well as candle recognition. If you do like the indicator , I would appreciate a like ! Cheers , Bitfanatic
by bitfanatic
2
Candlestick analysis in Heineken chart Stock: 3255 Heineken Chart: Daily Period: June - July 2018 Hanging Man appears on June 7, indicating an end to the bullish trend. This is further confirmed with the next day red candlestick close which is lower than the Hanging Man close. Trend then changed to bearish until June 26, which a hammer appeared. This indicates an end to the bearish trend. The bullish confirmation is given when the next day's green candlestick closed higher than the bullish hammer. If you've long right after the hammer you would have profited handsomely.
MYX:HEIMLong
by antaeusguy
🥷Candlestick Ninja Analysis: LAZR UpdateOverview: Luminar Technologies (Ticker: LAZR) has been on our radar for a while now, and it's time for an update. As always, we're looking for clues in the candlesticks to predict its next moves. This time, we're focusing on two potential trajectories: a breakout before earnings or a breakout spurred by an earnings surprise. Trajectory 1: Break Before Earnings (Bullish) Technical Analysis: LAZR has been showing signs of bullish momentum. Recent candlestick patterns indicate that buyers are stepping in, pushing the price higher. Look for patterns like bullish engulfing or hammer candles on increasing volume, signaling strong buying interest. Supporting Factors: Technical Indicators: Watch for key resistance levels being broken, like the recent breach of the 50-day moving average. Market Sentiment: Positive sentiment surrounding the company's technology and recent partnerships. Option Activity: Increased call option buying ahead of earnings, indicating bullish expectations. Potential Outcome: LAZR could experience a breakout before earnings, propelled by growing investor confidence and anticipation of positive results. Trajectory 2: Break from Earnings Surprise (Bullish Catalyst) Technical Analysis: While LAZR has seen some volatility, overall, the trend remains bullish. Keep an eye on how the price reacts post-earnings. Look for bullish continuation patterns like a flag or pennant forming after earnings. Supporting Factors: Earnings Potential: If LAZR delivers strong earnings and revenue growth, it could be the catalyst for a significant breakout. Short Interest: A high level of short interest could fuel a short squeeze if earnings exceed expectations. Industry Growth: The broader autonomous vehicle industry's positive outlook could contribute to bullish sentiment. Potential Outcome: LAZR might experience a breakout fueled by a positive earnings surprise, leading to renewed investor interest and further price appreciation. Conclusion: 📈 Both trajectories present opportunities for bullish movements in LAZR. A breakout before earnings could capitalize on existing momentum, while a breakout from an earnings surprise could provide a significant catalyst. Keep a close watch on key technical levels and market sentiment for clues on which trajectory is more likely to unfold. Remember, in trading, adaptability is key! 🕵️‍♂️
NASDAQ:LAZRLong
by candlestickninja
Candlesticks, Levels, Moving Averages: Ethereum Has Them AllTraders in search of potentially bullish patterns don't have to look hard on the Ethereum chart. The No. 2 cryptocurrency has key basing patterns, candlestick patterns, levels and moving averages -- all seeming to point higher. First, the basing pattern: ETHUSD made a low around $132 on November 25 and another low of $116 on December 18. But then the next low on January 25 was all the way up at $155. That bounce at $155 followed a large bullish day on January 14, representing continuation of an early upward move. It also occurred at the same $157.50 zone that was support in September and October, and then resistance in late November. Speaking of resistance becoming support, check out the 100-day simple moving average. ETHUSD couldn't break it in November, but this month prices consolidated above the same line. Turning to candlesticks: The weekly chart had a bullish inside candle. Today's move broke the top of that candle. And then on the daily chart, today has a bullish outside candle, with a lower low and a higher high. All of this is taking place as ETHUSD breaks above its 200-day SMA. The next zone to watch could roughly $196 where it peaked in October and November.
BITSTAMP:ETHUSDLong
by TradeStation