We have very small volume bear day (day where there are significantly more selling pressure) according to my indicator: Pressure Chart or Pressure Candle. A close above the most recent bear day is an add. The stock has strength being a tech stock in the UK. If it keeps holding the 9 VWEMA then $DAVA is very bullish.
Back to neckline...
Over the previous night and through the morning here in the US, the EUR/CAD has given 4 amazing trade entries on the 15-minute timeframe. Just thought I should share this and show y'all some great 2-Bar Reversal entry examples!
Last Friday SPY had formed a very large 2 bar reversal from a key support and resistance level. This could see prices rotate down towards 2600 before potentially finding some support. As this market has been strongly bullish , caution is more than warranted if you are looking to short it. Although, this looks to be the best bearish setup that I have seen since the...
**Market Structure** *Market has been making higher highs *Large rejection off of the key support zone of $67 - $66.40 *Intra-day pattern is a 2 bar reversal, daily is a bullish pinbar **Trading Ideas** *Go long at an upper break of the pattern for a less aggressive entry ($68) or enter long on a pullback for a more aggressive entry($67-$66.80) ...
EURGBP has presented a nice 2 bar reversal at a key support level of 0.87465 which has been tested multiple times since October 2017. This is a somewhat counter trend trade although the pair is in a defined range as the has been a trend of lower highs and lower lows. As a result targets should be conservative to the next recent high as targets at the range high...
Perfect 2 Bar reversal/ bearish engulfing at key level 1.07250 Also at a swing high following down trend