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Candlestick Analysis

XLM- SECOND TRY- BULLISH PENNANTThe previous trade hit the SL, and since then, we've been waiting for a solid opportunity. This idea seems promising. However, keep the SL tight and aim for the sky with your TP. The probabilities have shifted to 50% bullish and 50% bearish, but remember, we're in a bull market. A bullish pennant is forming, presenting a potential breakout setup. Stay disciplined, control your greed, and may the odds be ever in your favor. Best of luck, God bless all of you traders!
CRYPTO:XLMUSDLong
by Jaytradermb
5
Ethereum Price Near Breakout: What's next?Hello traders, Exciting news for Ethereum enthusiasts! ETH price has surged to its highest point since March and approaching a crucial resistance level of $4,080. Breaking this resistance could pave the way for Ethereum to retest its ATH. A breakout above $4,080 could signal a strong bullish trend, potentially opening the road to $4,800. This isn't just great news for Ethereum - it could also spark momentum for other altcoins, creating more trading opportunities across the market. After touching resistance level at 4080, ETH price started to correct a little bit and can drop up to 3740 support level, from where it can resume its uptrend. Feel free to share your thoughts in the comments below and don’t forget to boost this idea. Happy trading!
by Real_CryptoRoy
ES / MES Weekend Update Dec 8We continue OTFU on the weekly and daily. I want to be slightly cautious above here, not because it's bearish, but simply because we're above a 2 sigma deviation (SPX 6073) of the YTD vwap (SPX 5405). In the past, price has whipsawed at this deviation up to the 2.5. While I remain long, I also must have one foot out the door. Last week created a double distribution profile with Friday ending in the upper part. Thursday saw a pretty large seller come on around 6106 which then saw some resistance on Friday. Friday's initial move at the open from the NFP data left a poor high. This will most likely be revisited. Main concern for buyers here would be an excess move above Friday's high creating a look above and fail. I would watch 6114-6119 for exact scenario. For longs, I would be interested in a look below and fail of 6092-88. There is a LVN between Friday's low and the 12/5 Spike base. Take this up to 6100-06, trim and see where we go from there. A break above Friday's VAH, 6104 would target Friday's Poor High. Afterwards, we observe for the look above and fail possibility. Otherwise, trail the long. Above then targets 6124 and 6136, Friday 50% and 100% extensions respectively. If we trade and get traction below Friday's low, the NFP event candle low would be first target at 6075. Further weakness may finally see the gap fill at 6066 where I do expect buyers to pop in. Further weakness, would then target Nov RTH ATH 6060 and old balance top at 6045. In the end, buyers really are not in serious trouble until back below 6k. Weekly Expected Move: 61pts - 6038 / 6160 12/9 Daily Expected Move: 20pts - 6079 / 6119
CME_MINI:MES1!
by bluenotes
2
XAUUSD Short SignalAnalysis: Why XAUUSD is bearish 1. fair value gap incl. deep golden pocket (FVG): The price has reached a fair value gap (FVG) incl. the cosequent encroachment and the deep golden pocket in the 2,717.53 area, which acts as resistance. Such untested liquidity areas are often used by sellers to take short positions. As long as the price remains below this area, selling pressure is likely to persist. 2nd Fibonacci retracement level: The market is below the 50% Fibonacci retracement level (2,664.31), indicating a dominant downtrend. In addition, the area between the Fibonacci levels 0.705 (2,716.04) and 0.79 (2,737.48) is in a resistance zone that has already triggered selling on several occasions. This confirms the weakness of the buyers and the control of the sellers over the market. 3. break of structure (BOS): A break of structure (BOS) is clearly evident. The market has formed both lower highs and lower lows, which is typical of a downtrend. This structural break signals that buyers are no longer able to maintain control and sellers are determining the market movement. 4. consolidation below the FVG: After the sell-off, the price consolidates in a narrow range below the fair value gap. This consolidation shows that the market is gathering energy to execute a further downward impulse. Without a return above the FVG area, the market remains strongly bearish. 5th target area (take profit zone): A potential price target is marked at 2,528.47, which is close to a strong support zone. This area could be defined by previous lows or liquidity zones and serves as a potential target point for sellers. 6. market momentum: The weak retracements to the upside and the structure of the chart indicate clear downward momentum. Buyers are currently showing no strength to initiate a sustained countermovement. Conclusion: XAUUSD is showing a clear bearish bias supported by the break of structure, fair value gap and Fibonacci resistances. As long as the price remains below the 50% retracement and the FVG, a further sell-off towards the support zone at 2,528.47 is to be expected. Traders should favor short setups and monitor potential reversal signals at the lower timeframes.
FOREXCOM:XAUUSDShort
by DavidOakFx
Monthly CLS, Model 1 is forming. Target 50% of rangeMonthly CLS, Model 1 is forming. Target 50% of range. you are welcome to comment with your thoughts and share your charts or questions below, I like any constructive discussion. Monthly view What is CLS? This company is trading for the biggest investment banks and central banks. They trade over 6.5 trillion daily volume. They are smart money of the all markets. CLS operates in the specific times which will give you huge advantage and precisions to you entries. Focus on that. Its accuracy is amazing. Good luck and I hope this educational post helps to become better trader “Adapt what is useful, reject what is useless, and add what is specifically your own.” Dave FX Hunter ⚔
Long
by Dave-Hunter
6
Testing Candlestick Patterns on Real DataIn his fundamental book "Encyclopedia of Candlestick Charts," Thomas Bulkowski tested dozens of candlestick patterns using S&P market data. His research revealed that many well-known patterns perform quite differently from what conventional wisdom suggests. In this video, I’ll show you how to conduct a similar analysis using your own data to determine whether those fancy "Hammers" and "Shooting Stars" actually give you an edge in trading.
AMEX:SPYEducation
by hermes_trisme
IRCON can move upwards after consolidation. IRCON International Ltd. engages in the provision of engineering and construction services. It specializes in major infrastructure projects, including railways, highways, bridges, flyovers, tunnels, aircraft maintenance hangars, runways, extra high voltage sub-stations, electrical and mechanical works, commercial and residential properties, development of industrial areas, and other infrastructure activities. The company operates through the Domestic and International geographic segments. IRCON International Ltd. 225.88. The positive aspects of the company are Company with Low Debt, Company with Zero Promoter Pledge, Effectively using its capital to generate profit and High Volume, High Gain. The Negative aspects of the company are High Valuation (P.E. = 23.1), MFs decreased their shareholding last quarter, Underperforming their Industry Price Change in the Quarter and Increasing Trend in Non-Core Income. Entry can be taken after closing above 227 Targets in the stock will be 246, 265 and 285. The long-term target in the stock will be 316 and 352. Stop loss in the stock should be maintained at Closing below 180. Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
NSE:IRCONLong
by Happy_Candles_Investment
Beml Land And Assets seems to be rising after forming a bottom.BEML Land Assets Ltd. operates as a special purpose entity which develops, acquires, manages, holds, licenses and sells real estate properties. BEML Land Assets Ltd. CMP is 243.49. The positive aspects of the company are Company with No Debt, Strong cash generating ability from core business - Improving Cash Flow from operation for last 2 years and Company with Zero Promoter Pledge. The Negative aspects of the company are Negative Valuation (P.E. = -246.6), MFs decreased their shareholding last quarter, Stocks Underperforming their Industry Price Change in the Quarter and Companies with growing costs YoY for long term projects. Entry can be taken after closing above 245 Targets in the stock will be 274, 291 and 304. The long-term target in the stock will be 320, 343 and 356. Stop loss in the stock should be maintained at Closing below 215. Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
NSE:BLALLong
by Happy_Candles_Investment
Long trade 30min TF Entry Buyside trade Thu 5th Dec 24 6.00 pm NY to Tokyo Session PM Entry 95900.23 Profit level 103214.31 (7.63%) Stop level 95714.89 (0.19%) RR 39.46 Reason: I initially anticipated that the Bitcoin would reach 100,000 on my previous buy-side trade attempt on December 4, 2024 (PM), but I was stopped out. However, observing Bitcoin’s strong momentum and breaking through the 100,000 barrier at this time gave me the conviction to enter another buy-side trade.
CRYPTO:BTCUSDLong
by davidjulien369