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Bullish Engulfing

SOL/USD: Bought in the demand zoneSolana look very interesting to long in this point. I will consider this trade to long in this cryptocurrency from $40.10 USD. I put my SL to $36.80 USD, And we could to see 2 targets to watch. The first target will be around $46.60 USD. And my expect 2nd target will be around $50.40 USD. It's look a increase of almost 26% in this single trade. I'm long in Solana now!!! Meanwhile, we're still in this chartist pattern called bearish rising wedge, and also, we could to look a good opportunity to not only short, but long into this consolidation that Solana forming now. In difference that in H4 and H8 we forming a bullish channel, we expect that only the price still up until $50 dollar. The H4 still bullish. So guys, I like to trade in H4 timeframe or above in cryptocurrencies, you can to take a lot time to make anything what do you like, cryptocurrency it's very easy to trade only following the trend, but Forex market, as I know that it's a global financial market, it's very hard and a pure market that you must to read a lot economical news and pay attention what challenges apply the central bank to take decision to change the perspective. And also it's required a lot study continuously.
FTX:SOLUSDLong
by harisonhbn9718
1
XAU(GOLD) Longterm PredictionHi everyone hope you have good moments i have an longterm idea on GOLD according to price action levels and Elliot Wave Analyze. first lets look at Wave analysis. we can see above an impulsive wave that seems to be ending. and after that we expect a deep ABC correction for this compelete cycle. i show this ABC in my chart. there are another possible shapes for this ABC but i illustrate one of them above. after that lets go to keep an eye on price action. GOLD bounces from 1680 support strong with 2 candlestick patterns: 1)bullish engulfing 2)bullish harami so we expect to grow approch 1790 resistance first. probably after that we will see a correction again (WAVE B) and then break this level toward 1860 resistance. this level is the end of wave 4 from prior impulsive wave and the level 50% retracement of impulsive 5 wave too. with a deep look we see 200 day Moving Average around this level. so if something unnormal dont happen , we see this level soon. notice that interest rate set to 0.75 upper to 2.5 and the market price this rate before. and seems inflation peaks and will be go down in front months. dont forget to manage your risks. our first duty is protect our capital after that we think about profits. thank you all for reading my opinion. tell me your criticism in comments and i will be happy.
TVC:GOLDLong
by TraderAmin-KZ
DLF is ready for uptrend hey guys , DLF stock is ready for uptrend as you can see that , this stock was moving in pattern called DESCENDING TRIANGLE and now you can see that , this stock is at its LOWEST SUPPORT POINT , and this stock is also at the , VERY STRONG SUPPORT LINE. One more point to buy this stock is that, this stock is a BULLISH ENGULFING CANDLE , these 3 reasons are giving us confidence to buy this stock and earn HIGH RETURNS BUT FIRST CONSIDER THE GLOBAL SITUATION, I.E INFLATION WAR BETWEEN UKRAINE AND RUSSIA , RISING BANK RATES , AND RISING EXPORT DUTIES ON OIL AND GAS after considering these situations you can BUY this stock AND pls guys , if u liked my analysis comment, like and follow my account 😀😀
NSE:DLFLong
by TRADERS_AREA
QCOM-Has Two Bullish Patterns!Patterns Identified -Falling Wedge & Bullish Engulfing patterns weekly chart! QCOM filled a gap from November 4, 2021. I can clearly see that QCOM is going through price correction (ranging). If you take a closer look it has popped out of the upper trend line slightly. Take a look at the yellow box to verify. I've identified a bullish engulfing that leads me to believe that the stock has potential to break the channel and move to the upside. However, if it breaks the bottom of our channel, then we should expect to see price go down. However, a falling wedge pattern was identified with confluences (rising volume and momentum). Therefore, I am bullish on QCOM. My entry will be based on these findings to include the patterns identified. A break of the recent candle and channel will be my signal to enter a swing position. *This is not financial advice. Freedom & peace is prosperity, MrALtrades00 Gap up from November 4,2021 Falling Wedge Bullish Engulfing inside Falling Wedge pattern!
NASDAQ:QCOMLong
by MrALtrades00
4
SPX: Is it a BUY now? Only if it does this.Hello traders and investors! The index hit the 4,456 today again, and as we have been saying, this is the most important resistance to defeat. As long as it stays under this point, it won’t be bullish for real. Let’s see what’s going on here. In the 1h chart, the index is in a bear trend, and the only thing that could make it reverse is the breakout of the 4,456, in my view. If we do, probably the index will fill the gap at 4,481, and seek the next resistance at 4,521. If it doesn’t react quickly, it’ll just keep dropping, probably to the 4,400 again, or even lower. Let’s look for more clues in the daily chart: The index just hit its 50% retracement, and it is doing a good reaction. Yesterday, we had a classic Bullish Engulfing candlestick pattern, which is great, but we still must break the 4,456. Keep in mind that the 4,456 is at the same time the 38.2% retracement and it is near the 21 ema in the daily chart, making it the most important resistance level in multiple time frames. The 4,400 is at the same time the 50% retracement and the previous top on March, and if the index loses this point, the 61.8% retracement would be our next stop (4,345). Since the SPX is still inside our “danger zone”, my neutral view didn’t change, and I will only believe in a bullish reaction if we break the 4,456, or in a bearish reaction if we lose the 4,400. I prefer to see a bullish reaction, because the Risk/Reward ratio favors the bulls (the upside potential is higher than the downside potential). Since I do daily analysis on the SPX, I’ll keep you guys updated on this every day, so remember to follow me to keep in touch with my future analyses. Have a great Holiday/Weekend.
SP:SPX
by Nathan_The_Finance_Hydra
5
The $SPY is Potentially Setting up for Another Short-term BounceToday on the 4HR Timeframe we went down Below the Demand Line of a Falling Wedge Channel but ultimately closed back within the Channel then Bullishly Engulfed at the PCZ of a Bullish Gartley on the close of the next candle. We also showed slight hints of Bullish Divergence on the MACD whilst this was going on. This looks to be pretty good for any Market Bulls out there in the short to midterm but i we aren't completely out of the woods yet as the Macro is still Bearish. I will be looking for a Midterm bounce in the SPY but wont be targeting much higher than $450 before looking to see more continuation to the downside.
AMEX:SPYLong
by RizeSenpai
4
Engulfing Candlestick PatternEngulfing candlestick is formed when it completely engulfs the previous more than one candle but be considered an engulfing candlestick pattern because in Engulfing at least one candle must fully engulf. Types of Engulfing Candlestick Pattern Bullish Engulfing Pattern Bearish Engulfing Pattern #1 Bullish Engulfing Pattern Bullish Engulfing pattern consists of two candle formations, the first candle is the small body and the second candle is the bigger. The second big candle should be fully engulfed than the previous small candle. This is called the bullish engulfing pattern. #2 Bearish Engulfing Pattern Bearish Engulfing pattern consists of two candle formations, the first candle is a small Bullish candle and the second is the bigger bearish Candle than the previous bullish candle. The Second big bearish candle should fully engulf the previous one or more small candles. This is called a bearish engulfing pattern.
NSE:BANKNIFTYEducation
by the_dileepkumar
Bitcoin Bullish Engulfing + RecoveryAfter a clear bullish engulfing forming in the January weekend of 22nd, 23rd with continuation there after, there are several factors to be considered: 1. Possible solid bottom has been formed at ~35,000 2. Bitcoin has broken the major resistance at ~41,500 with a lot more ease than expected, dictating a more easy uptrend towards ~44,000 After breaking the ~41,500 resistance, Bitcoin now has to form a new support which is not yet forming nor beginning. This is to be expected in the upcoming weeks. The highlight, Bitcoin has just broken the down trend which started back in November 2021. If it continues on this path, we could see an easy continuation to ~50,000 as bullish sentiment is rebuilding. The key conclusion to be taken is that Bitcoin has not yet formed a new support line as its base for this uptrend.
by UnknownUnicorn35305092
2