ETHUSD is at a major inflection point. Price has been winding up inside of a massive inside bar pattern for almost a week now (there are now 5 child candles inside of the mother candle). When such a large inside bar setup forms the breakout is usually quite aggressive. The big question on the table is, will this break up or down... Putting all of the facts on...
Observations:
1. BNB entering its 3rd day of consolidation, clear bear volume decline can be observed in daily chart.
2. Bulls are using EMA'S as support, bulls defending EMA 26 aggressively.
3.Daily inside bar still intact and waiting for a break to confirm price direction.
For more details regarding the inside bar check:
Analisys:
We can see how the...
The QQQ have been on a tear for about a week now. If you we're watching my analysis from 3-4 weeks ago you were aware of the inside bar setup that I was waiting for a bullish breakout of. Although we had a false break down on 5/23, price immediately recovered and the bullish breakout that I had been predicting did ensue. The price action on 5/23 produce a very...
Actually we have a specific term to describe a triple inside bar, but I don't think that's proper here so let's still call it a triple inside bar lol.
As an intraday trader, a daily chart inside bar breakout usually implies a pretty large risk that exceed the normal risk amount.
While of course, I would love to participate in this "triple inside day"...
BTCUSD update: Minor retrace takes price back to the 11K area while an inside bar is unfolding at the moment. This could be the beginning of the higher low formation that can take price back up into the 15Ks.
Higher lows often lead to higher highs and are a general sign of strength. The formation at the moment is NOT an official higher low because the current...
Inside Days - BABA, BBY, CFG, KO, M, PEP, QCOM, UNH
Inside Weeks - ADBE, CHWY, EBAY, KMX, LCID, MMM, NKE, SBUX
Inside Month In Force- AAL, CTRA, FCX, FMC, MCD, MRO, SLB
50% Rule Setups - LULU
Engulfing Days - KHC, XOM
How to play each setup mentioned above:
- Inside Day/Week/Month is played by watching for a break of the high/low of the inside bar. You...
BITCOIN (BTCUSD) – Cash: Selling On Retracement Higher To Within The Range Of Bearish Pin Bar Signal
(WARNING ON CRYPTO: TRADING BITCOIN AND CRYPTO IS HIGH RISK, CONSIDER A REDUCED POSITION SIZE AND LOWER LEVERAGE UNTIL YOU ARE FAMILIAR WITH THESE MARKETS).
Price Action: Price formed a Bearish Pin Bar Signal late last week.
Price moved lower from the Bearish...
BITCOIN (BTCUSD) – Cash: Selling From Bearish Pin Bar Signal
(WARNING ON CRYPTO: TRADING BITCOIN AND CRYPTO IS HIGH RISK, CONSIDER A REDUCED POSITION SIZE AND LOWER LEVERAGE UNTIL YOU ARE FAMILIAR WITH THESE MARKETS).
Price Action: Price formed a Bearish Pin Bar Signal overnight.
The prior Bearish Pin Bar Signal that had formed early last week failed (We did...
USDJPY – SPOT: Buying On A Retracement To Within The Range Of Bullish Multi-Bar Fakey Setup
Price Action: Price moved lower from the Bearish Tailed Bar Signal that had formed late last week (We did not consider trading this signal, nor did we mention it).
Price moved briefly higher from the prior Bullish Pin Bar + Inside Bar (Combo Setup), before reversing back...
Bitcoin has rallied off the 53K support area as anticipated (read my previous article). I even explained my dollar cost averaging strategy particularly for this situation in my previous stream. If 60K is cleared, the next resistance is 64K. The current momentum is now bullish which can be confirmed by the higher low pin bar over the previous week (see arrow)....
The last 5 candles are of interest
1. Thurs 15th August - we have a bullish trending candlestick , which is the Mother bar
2. Fri 16th August - prints an inside bar
3. Mon 19th August - is a Fakey , with a bullish pin bar that fails to break to the downside. This is a false break or bear trap.
4. Tues 20th and Wed 21st - pretty much mirror image inside bars....
Gold fell for the second day in a row, but selling pressure continued to be as weak as the previous day, because yesterday's bar D1 had a narrow range, even narrower than the previous falling bar D1. Structurally, Gold D1 continues to move inside the Inside bar pattern, reflecting a state of cumulative price compression, and remains within the larger Inside bar...
Bitcoin is now pushing into the 50K AREA resistance zone while presenting a potential momentum continuation pattern (inside bar). A break of the inside bar high can lead to a test of 50K and possibly higher. The zone between 50 and 51K (blue rectangle on chart) is a high probability bearish reversal zone which means unattractive place for new longs, especially for...
EURUSD – SPOT: Selling On Retracement Within The Range Of Bearish Long-Tailed Pin Bar Signal
Price Action: Price formed a Bearish Long-Tailed Pin Bar Signal late last week.
The Bearish Fakey + Pin Bar Setup that had formed late last week failed (We suggested selling from this setup in the August 26th, members' daily newsletter).
Price moved lower from the...
$AAPL has an "inside bar" candle stick patter on both the daily and the weekly. I expect it to trend with the rest of the market on this macro uptrend. Candlestick patterns are still a new concept to me but I believe an inside bar is the indication of a reversal of a current downtrend. An inside bar is a bar that forms within the trending range of the preceding...
$BITCOIN ($BTCUSD) – Cash: The Bearish Pin Bar Signal triggered
(WARNING ON CRYPTO: TRADING BITCOIN AND CRYPTO IS HIGH RISK, CONSIDER A REDUCED POSITION SIZE AND LOWER LEVERAGE UNTIL YOU ARE FAMILIAR WITH THESE MARKETS).
Price Action: Price moved lower from the recent Bearish Pin Bar Signal that had formed earlier this week (We suggested trading this signal in...
Price has hit the trendline and rejected nicely. Price now create an inside bar and decision will be based on the next candle after the inside bar.
Plan 1: Sell when next candle breaks down the inside bar
Plan 2: Buy when next candle breaks up the inside bar
Target will be next support or resistance
Dogecoin has been trading in a falling channel since Feb. 8, making a consistent series of lower highs and lower lows as it slides lower in a downtrend. The falling channel pattern is considered to be bearish until a stock or crypto finds a bottom within the channel and big bullish volume comes in and breaks the stock or crypto up from the upper descending...
