Analytical Candlestick Patterns.Hello Guys,
As our candlesticks gives us an idea of what Is happening on the chart, us traders need the right amount of patience to wait and enter at the good point(sniper entries). Below is an idea on what the market might tend to do in the next couple of hours or days till the end of the week unless shown otherwise, candlesticks, or went against our analysis and the market tend to move in the opposite direction.
Ill also advice traders to stick to their trading plan and disciplinary actions being measured.
Enjoy trading and don't over-leverage.
!!!!!BM-FX, The Best Team For Trading!!!!
Bullish Trend Line
I'm definitely bullish about XPENG 🚀🚀🚀The entire world is bullish about XPENG. 🚀🐮 Don't see these black lines as precise trajectories. I don't write the future. I just respected the support and resistance areas.
You can always make money with stocks. It's never late! Don't FOMO!!
What's your opinion? Your comments are welcome.
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Take into account that fundamentals (news) supplement technical analysis . A trader does not use a crystal ball to predict the future (news and people's reactions). Additionally technical analysis is not an exact science. It involves a degree of subjectivity.
Legal disclaimer: I am not a financial advisor. The advice here given is not a financial advice even though my excitement might make it look like such. This account shouldn't be followed by anyone expecting something from me. You trade at your own risk and nobody can guarantee you results. Even if someone could, I don't.
APPLE (AAPL) | Channel up pattern + MA100 support+ Channel up or Rising channel or ascending channel or whatever f you call it pattern
+ Apple M1 architecture is a game changer. Watch out Microsoft
- Rising bond yields (Technology sector sell down)
+ Dividend increase news
+ Good entry price
+ Plan your trade per your risk tolerance
ATOM/BTC Bull TrendATOM looking great riding the bull market on 2HR chart.
Once ATOM reaches trend consolidation area, hopefully it can brake free creating ATH but can also create new ATL when the markets switch.
Lmk in comment section if you are bull/bear on ATOM and don't forget to hit that like button.
Happy trading everyone :)
Disclamer; I am not a financial advisor so please apply with caution.
The S&P 500 remains in a bullish trend - but beware
Quick comments in this analysis.
I tend to find just looking at the direction the ema ribbon, or red 20dma is an easy way to tell the underlying trend. Clearly it is still bullish.
I was wrong in the latest TA on the S&P 500 I posted. I foresaw a drop through that ema ribbon that did not materialize. That next week I closed that short for a loss, as once the price bounced off that ema ribbon which was historically a setup, it was evident shorting a bull market would have made the loss much worse.
I however did not chase the price as it went up higher, nor am I recommending longing here. I do however think while the price can continue higher, frankly I even am expecting it as the price appears very bullish and the financials XLF continue to rise towards historical resistance - there is not a clear setup for longing with the price this far from the mean and so overextended. If the price were to fall to support within the channel, & tag and confirm support off a pivot point to the right of the chart then I would consider longing.
If we have a significant drop I will seek to get back into equities. Till then I am stuck spectating, stock picking, and continuing to ride the Bitcoin/Eth bull market up its own wall of worry.
$Mine Chart setting up beautifullyMine Chart very bullish
RSI is respecting the tread-line perfectly
Mac D cross coming. Do not miss out!
$BUZZ Cup and Handle#BUZZ ready for take off! Just how far will it travel?
If your not onboard you get jump in..
Potential Ascending Triangle on the S&P 500Potential Ascending Triangle on the 15m. Nice bullish continuation pattern following a nice bottoming pattern.
Trendlines: The horizontal line is the resistance area while the ascending line (line trending up) offers support.
EMA Ribbon: The ema confirms what we are observing regarding the trend & likewise visualizes the bottoming pattern following the bullish continuation pattern.
Inverted H&S pattern – Quick bottoming pattern displaying left shoulder, head, and right shoulder