Good evening, Today served as a solid confirmation that we might be experiencing a buying climax. Several indicators have pointed to this: 1. We are observing a bearish pin-bar that is accompanied by significant trading volume. 2. Additionally, there is an evening star pattern present, featuring a prominent long-legged doji at its center. 3. Two weeks ago, we...
The bigger the timeframe is, the bigger the move it may produce. Therefore, it can be good practice to define the direction of the price and your trading based on where and how things develop on higher timeframes. Another reason to use timeframes with bigger resolutions for the confirmation of your decisions is that a trade setup on one particular timeframe is...
Hello my beauties. It seems like FB has just entered a range. It gave us a PSY (the price hesitated strongly in preparation for a new phase) and it is probably going to fall down to support before giving us further information. It is hard to establish what will happen next as it is too early to make out whether we are in a bullish scenario or bearish, but I...
I will be looking for an annihilation of the bullish trend from here as this looks like a buying climax to me.
Double top here after having a huge spike in buying and selling volume; this could either be the end of the trend or we may just come back down to test the trendline.
If we were to go based off of textbook targets then the next stop of 0x would be around 52 cents but if we wanna be conservatize i'd say just to target the 618 for profit taking as that will yield more than enough profit to justify the trade.
Get out of #Tesla. Strong hands have initiated a lateral movement and it's going to take a lot. We don't have enough info to judge whether it's accumulation or distribution. Phase B is completing. Look at the Weekly chart. Be profitable.
PELIKAN. (stationery manufacture ) Possible another "Buying Climax" stock where price at upper trend line of incomplete wedge pattern w/ High Volume...
RESINTC ( Sorry. I dun even know what The Hxxx ) this stock is ..Currently trading as top of the most active (Volume) list in BURSA trading .. Probably at the end of "Bull Trap" trend as price seem forming at the end of an expanding flat pattern ABC (Red Circle )