Axis Bank Double top and shooting Star Double Top + Shooting Star
919.95 SL
900.85 Second bearish candle low
1:1 target 881.75
Shooting Star
AMC: A top sign! What it takes for it to reverse?• AMC is in a resistance área made by the 21 ema and the black line at $6.80 – which was a previous support level multiple times in the past, now it is working as a resistance, following the Principle of Polarity;
• In addition, we see a top sign, as yesterday it did a Shooting Star candlestick pattern, and today it is doing another bearish candlestick;
• If AMC loses yesterday’s low it might drop again to the previous support at $5.47 (red line), resuming the bear trend;
• By losing the $5.47, the next stop would be only at $5 area;
• Could AMC avoid this scenario? Yes, if it reacts quickly and breaks the dual-resistance area made by the 21 ema/black line – preferably closing above it;
• This could reverse the trend in the short-term to the $8.15, our next resistance;
• Since we have earnings in 12 days, this could enhance the upside (or downside), depending on how the market reacts to the results.
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SPX: Doing a top sign! Could it correct? Let's see.• SPY is doing a Shooting Star candlestick pattern today;
• If triggered, this could lead us down to the next support area around 3,760, near the 21 ema;
• This pullback wouldn’t be enough to reverse the bull trend, as the index is still doing higher high/lows since Oct 13;
• In this scenario, any bullish reaction above the support would be an excuse to buy;
• What could frustrate this bull trend? If the index loses again the support, along with the 21 ema. In this cse it might seek the 3,645 again, or even lower support levels;
• For now, let’s pay attention to this Shooting Star and to the support at 3,760 area.
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BTC Bitcoin: Shooting Star CandlestickHello friends, today you can review the technical analysis on the Yearly chart for Bitcoin ( BTCUSD ).
Many people all around us are predicting that the crypto market will rebound and though I want to be optimistic, I have to be realistic because too many people bought crypto at high prices unlike some of these people on YouTube that bought under $500 so for them it's a different story. Simply said, be realistic about bitcoin and the markets.
1) The Bitcoin price year over year has been growing significantly with 2021 sending the price to an all time high.
2) This created a long candle wick on the yearly chart in 2021.
3) Though the price is currently hovering around $50K, it may not be as concerning, however seeing the weakness and volatility in the market (crypto, stock, commodities, and others), there is a chance that Bitcoin may close the year around $40K.
4) If the price closes around $40K, the yearly candle will form a Shooting Star Candlestick.
5) Since this is a bearish candlestick and generally indicates a trend reversal, it is very possible to see a major drop in Bitcoin price for 2022.
6) This is just an idea and there are many other factors that are involved but from historical patterns of seeing Shooting Star Candlesticks, it usually doesn't go well.
7) It's not the time to get completely negative on the markets, but it is a time to start thinking about what to do next. Be cautious.
What are your opinions on this?
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #cryptopickk
TESLA ~ MONTHLY Chart Bearish!!!Tesla, an absolute beast of a company, an investors dream stock to have been holding the last few years, and one that everyone wants in their portfolio.
Tesla has actually help up surprisingly well in this Bear Market thus far. Tesla has outperformed many other beaten down tech stocks with soaring growth in deliveries, and revenue. Tesla has solid fundamentals, but is definitely still priced at its future growth projections rather than its current value… which most of us already know.
Tesla did recently miss on deliveries, but that’s not what we’re diving in to today.
Today we’re diving In to the Technicals of Tesla, and what the monthly chart may be indicating for the stocks’ future.
TSLA has quite the bearish monthly chart in my opinion.
We are seeing a head and shoulders on the monthly including a shooting star candle for the month of September, possibly signaling a bearish reversal from its recent month rally. Added on to the Head & Shoulders pattern we are witnessing, the TTM-SQUEEZE momentum indicator is signaling a momentum shift from bulls to bears. The first time on TSLA monthly chart since Summer 2019… showing Tesla may need a breather anyways.
There is no better time for the breather on TSLA than now in my opinion. I think a medium/large downshift has been waiting on the stock, and now is perfect time for this to occur.
All technicals are leading to this, bearish momentum, the shooting star candlestick, and the monthly head and shoulders.
Overall my thesis is bearish on TSLA, we will probably be seeing a test of the trend line / neckline for the Head & Shoulders in the coming days or weeks. A break below that could result in seeing a dump to support area of $165, and lower to early pandemic levels.
Thesis : Short Tesla thru Technicals, and buy the crash.
Long term thesis : Tesla is a 5 star company, and a crash would be bought up fast and aggressively.
Price Targets : (NeckLine), $165 area, $110 area, $65 area
DXY topping, 3D shooting starDXY is going to top, the parabola on the DXY is comparable with meme stocks, unbelievable, they really did something wrong with the dollar, good luck for the American middle class, Dollars of tomorrow will be like the euros of today, a hot potato...
my playbook for the end of the year:
Short DXY
long SPX500
SHOTING STARHere we can see the formation of an inverted hammer which is usually called as a shooting star. This generally appears in a bullish run and indicates a reversal in the trend. The very next candle is a conformation of the shooting star. If someone had taken an appropriate put trade they could have easily gained 454 points.
ETH Shooting Star at 50 MAAs you can see, a shooting star has appeared just above the 50 MA. After a solid run it failed to break the down trend also. This is a strong bear signal. I will be setting a short.
Thank you all for reading.
Good Luck
$SPX $SPY Monthly View $SPX Monthly View
Ok, so this is absolutely NOT intended for intraday or near term trading… this is a long view and it could play out immediately, or it could be days or even weeks….
There are a few of the notable MONTHLY bearish shooting star doji candles…. One right before the covid crash…., Nov. 2021, This month…
And previously - July 2000, May 2001, July 2007, May 2008…
This candle seems to show up on the monthly chart at the most ominous times…. There are others, with smaller declines, but it often shows up for a bigger move….
One day at a time, though… this is just to see the bigger picture…
AAPL Put/Short Swing Idea - jtgladiatorNASDAQ:AAPL
Hey fam,
The AAPL swing idea is pretty straight forward. There was a decent reversal off 176.15
We had the inside candle on thursday followed by the big red candle down on Friday.
Looking at the weekly we have a very long wick on the shooter.
I am looking for a break below and hold of 171.31 to grab a 170p for 8/26 or 165p for 9/2 or later.
The price action is pushing us down. Look for price aggregation to potentially reverse off this level. If it does, grab calls.
Calls
175c > 173.74 or puts if it "rejects"
Puts
170p or 165p < 171.31 - calls on the reversal
My live chart
www.tradingview.com
SPX500 summary 11 August 2022Is this a shooting start on daily chart?
The market reached 4250 and, as expected, was rejected.
It’s still holiding above 200EMA, so it might be here for a while.
I’m also looking closely ar VIX - which showed a little green today although I don’t see MACD turning around yet.
Trading is risky, please do your own market analisys before entering the market.
False Breakout Short Selling Natural GasNatural Gas is in a Double Top very extended retracement formation and at the very top, it has formed a False Breakout pattern.
The last green candle is a Topping Tail / Shooting Star reversal candlestick.
All information is on the Chart.
Entry: 9
Stop: 9.7
Take Profit: 7
Successful Investing is the ability to manage risk and foresee possible opportunities in the near or further future, prepare ourselves and take the risk when the opportunity presents itself.
Invest safe and Happy trading.
As always, appreciate the like, comments and share.
DXY - Weekly bearish divergence! + Elliott Wave + PIN BAR!- As per my Elliott Wave technical analysis - it looks like the massive impulse wave can be completed and we are now headed to a retracement.
- On the weekly chart we have a shooting star - bearish candle with a long wick ( PIN BAR )!
- If we take a look at the RSI indicator on this chart, we can see a bullish divergence , which is a pretty strong bearish signal.
- We don't really know how deep the retracement will be, but we can go back down to the acceleration point + 0.618 FIB.
- MACD histogram is going down and loosing momentum, which is a sign of weakness.
- Look at my ideas about Bitcoin, Ethereum and TOTAL crypto cap in the related section down below ↓
- For more content, please hit "Like" & "Follow"!
POWERFUL PIN-BAR SHOOTING STAR. BELOW THE ICHIMOKU , LONG WICKS Powerful Pin-bar Shooting Star.
Price Below The Ichimoku Cloud - Tested Return To Cloud And Was Rejected.
A Veritable Forest Of Long Upper Wicks.
Bear.
Drop Of Price Imminent.
LEO USD "Bull" AlertDaily Chart
Above 200 moving average
Trending up GANN Angle channel
Previous Shooting Star All time high is retest target
Next Fib extension level is 0.78 (second target)
Breaks the 6.30 resistance possible further uptrend to ATH again.
SHOOTINGSTAR CANDLE IS GOOD WAY TO SHORT ETH. JAPANESE homageWell, high tide followed by low tide, followed by high tide...
The market always in motion - it is , as Japanese say 'A floating world'
A pin-bar top candle is aptly named Shooting Star in Japanese candle formations.
As we owe the invention of candles themselves to the Japanese, and specifically the shooting star, it brings Japanese ideas of the world.
Such as the EPHEMERAL state of everything , including prices.
Beautiful art.
The term Ukio-e translates as "picture of the floating world".
en.wikipedia.org
Be flexible the way of the water
u
Don’t shoot the messenger!While there has been much commentary about the US Dollar Index hitting 100.00, we note two things from a technical perspective – the first is a shooting star pattern on the candlestick charts and the second is that the daily RSI has yet to confirm the recent high.
This happens when price makes a new high, but the oscillator does not – it is otherwise known as bearish divergence.
It generally denotes a loss of upside momentum.
The shooting star however is a bit more serious this is a bearish reversal candlestick pattern that typically occurs at the top of uptrends.
I would suggest tightening the stops in this one as I suspect that we are going to see some profit taking….
A shooting star is created when the open, low, and close are roughly the same price. Also, there is a long upper shadow, generally defined as at least twice the length of the real body.
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AUDUSD shortOANDA:AUDUSD
Expecting a bearish movement on AUDUSD with price breaking structure on the 1H. On the DAILY and WEEKLY timeframes a long wick(shooting star candlestick) formed on a major/key level of resistance. Price also broke support and is making a retest
CPO Unstoppable Rocket? Or…. Ranging?What’s other factors would continue to move palm oil prices?
1. India imports hit 12-months low on sky high prices in CPO. This may led to demand further decline as buyers are price sensitive as it relies on imports for 60% of its needs. Currently, India rely on existing stockpiles and incoming domestic rapeseed crop to meet domestic demand
2. Revision of export restriction from Indonesia as food protectionism grows. Companies need to allocate 30% of exports for home market. Government are taking steps to safeguard domestic food supplies after Russia’s invasion of Ukraine.
3. Malaysia announced, the border restrictions is entering endemic phase start from 1st of April 2022 , which also means that more foreign workers arrive in May and June.
4. Soybean oil lower after USDA (United States of Department Agriculture) monthly forecasts showed world soybean supplies above expectations.
5. Declined in crude oil prices reduce demand for biodiesel blending.
Technical View:
1. Again shooting star formed as profit taking after touched on historical high at 7268 which indicate sell signal.
2. Stochastic K% line is moving up in weekly and crossed up in daily chart which indicates market likely to resume its uptrend
We have mixed signals this week. We expect market may move within range of 6500-7100.
Suggestion Trade:
Short if stay below 6600
Target Stop Loss (resistance level) 6783
Target Profit level (support level)
TP1 6417 TP2 6051
Long if stay above 7000
Target Stop Loss (support level) 6817
Target Profit level (resistance level)
TP1 7183 TP2 7549
** DISCLAIMER: FOR INFO ONLY. TRADING CARRIES RISK **
CPO Continue above 7000? Or Ready for Correction?FCPO declined by nearly 8% on last Friday and closed at 6276 as profit taking took place, but posted 2nd weekly gains after touched on historical high at 7108.
So, what’s make palm oil now the costlier edible oil among the 4 major edible oils?
Global commodities rallied following EU bans certain Russian banks from SWIFT bank payment system which aimed to stuttering the Russia economy and introduces further restrictions.
The war expected to disrupt the processing and export of Ukraine oilseeds crops for at least 1 month and curb flow of sunflower seed to the European Union.
2. India’s reserve is facing a depletion in stocks levels with a lack of shipments of sunflower oil from the Black Sea Region.
India requested Indonesia temporary reduce their biodiesel blending rules and increase the exports to mitigate disrupted supplies of sunflower oil.
3. Rising concerns on adequate palm supply levels for post-Ramadan restocking.
While expectations of higher productions in coming months as high output cycle kicks in and government also announced new migrant workers to work in plantation sector capped gains.
4. Soybean oil prices closed lower as profit taking and rainfall in Brazil and Argentina eased dry weather conditions.
Technical View:
1. Shooting star formed at resistance level of 7100, which indicates market losing uptrend momentum and also a reversal signal
2. Stochastic K% line is crossing down in both weekly and daily chart which indicates downtrend signal
We expect market may have short term retracement with immediate support level at 5825
Suggestion Trade:
Short if stay below 6200
Target Stop Loss (resistance level) 6365
Target Profit level (support level)
TP1 6035 TP2 5705
Long if stay above 6800
Target Stop Loss (support level) 6635
Target Profit level (resistance level)
TP1 6965 TP2 7295
**Disclaimer: Trading Carries Risks**
AUDUSD GOING DOWN FROM HERE - GREAT SWING TRADEI take short trade here from the following reasons:
1.Bear flag (the last wave before breakout)
2.Resistance
3.Supply candle (marked with yellow TL)
4.Bear Shooting star candle
5.200ema
6.Entry the Fib golden zone
7.50,100,200 EMA Weekly just above the price.
Just look nice for me
Gold Prices End on Uncertain Footing as Ukraine Tensions SimmerOn the weekly setting, gold has left behind a Shooting Star candlestick pattern, showing signs of indecision following gains since earlier this year.
Ukraine geopolitical tensions cooled into the end of the week, resulting in a long upper wick on the weekly candle.
Further escalation could easily bring back upside momentum in the yellow metal, while cooling tensions may do the opposite.
Extending a turn lower would place the focus on rising support from the middle of 2021 before the 1750 inflection point comes in.
Otherwise, a daily close above the 2021 high exposes 1959.
FX_IDC:XAUUSD
