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Candlestick Analysis

Full Market post NFP Review: Pure Consolidation as expectedEverything seems to be at an inflection point with currencies taking the reigns for profitability 💪🏽 EU/GU are inversing the dollar really well as always with that strong direct correlation. This is why we at Hollywoood Trades believe in market diversity. It is good to understand what should happen and what will be the result of an out of sync indices and metal market vs. the currency direct correlation pairs. Share with someone in need of strong levels 🎯
FX:USOIL
by HollywooodTrades
Weekly Review – Week 10, Prepping for Week 11### **Weekly Review – Week 10, Prepping for Week 11** #### **Market Context: Higher Time Frames Still Bullish, But Short-Term Consolidation** - **Quarterly:** Q1 2025 remains in expansion mode, continuing the pattern of higher highs and higher lows over the last six quarters. Price is currently trading above Q4 2024, which acted as a stall candle—reinforcing that the **higher time frames remain in a bullish breakout phase**. - **Monthly:** February followed through with **bullish momentum**, closing above January’s high. However, the long wick to the upside signals **rejection of higher prices**. - **Monthly imbalance at 2780**, aligning with **October 2024's STH-HH at 2790**—a key **Point of Interest (POI)** for long setups if price retraces. #### **Weekly Chart: Defined Range & Potential for Deeper Pullback** - **Week 10 printed an inside bar**, following Week 9’s engulfing move—**creating both a swing high and swing low**. - **Weekly Equilibrium at 2745** – Optimal long positions may form below this level, providing a **higher probability setup in discount pricing**. - Given the defined range, this supports a case for **short-term shorts**, with **long setups likely to emerge at lower levels**. #### **Daily Chart: Expansion, Consolidation, Breakdown – Is 2830 Weak?** - **Recent Structure:** Price expanded, consolidated, and then broke down, forming a **swing low at 2830**. - This swing low **failed to push higher and take out 2955**, which would have confirmed continued bullish structure. - **Daily consolidation zone at 2935-2940** was the origin of the last **bearish expansion**. If price revisits this area, it becomes a **prime shorting opportunity**, targeting a break of 2830. - A break below **2830 confirms short-term bearish control**, increasing the probability of a move toward **weekly range equilibrium at 2750**. --- ### **Trading Plan for the Week Ahead** 🔹 **Short Bias Above Recent Swing High at 2930** - Looking for shorts within the **Daily Bearish POI (2935-2940)**. - If price rejects and moves down, **targets = 2830**, with potential for an extended move into **weekly equilibrium at 2750**. 🔹 **Longs Not Off the Table – But Caution Needed** - **Higher time frames remain bullish**, so we are not married to short positions. - If price shows **strong buying interest we will re-evaluate. 🔹 **Key Events to Watch in Week 11** - **CPI on Wednesday** and **PPI on Thursday** – These could be **major catalysts for volatility**. - **Post-NFP reaction was muted**, so we anticipate **stronger price moves following economic data this week**. --- ### **Execution Mindset: Trade the Plan, Stay in Control** 🚨 **No Bias Marriages – We Execute, Then Evaluate** - Every position is **planned, executed, and then reviewed**. - **If a setup fails, we adjust. If a setup succeeds, we analyze why.** 🎯 **Focus for March:** - **Refining the scaling-in model**—balancing profit-taking while managing drawdowns. - **Strengthening market structure analysis** across multiple time frames. - **Sticking to daily swing trades** at key reversal points (springs & upthrusts on lower time frames). 🔹 **Let’s see what price prints. We trade what we see, not what we expect.** #WeeklyReview #Trading #XAUUSD #PriceAction #HandDrawnCharts
OANDA:XAUUSDShort
by PipsnPaper
Maxi Cash Collect with Block and Unity Software: very last callThe certificate NLBNPIT1BVR9 is at its sunset but can still make a profit if you can handle stock volatility. Link to JustCertificate justcertificate.com Unity Software is the "worst of" with less than 20% margin above the coupon barrier. Unity Software specializes on gaming and VR software. Stock price and P/E have been low compared to competitors since 2022. The price reversed in July 2024 with a crescent min/max along the "classical" uphill trend line after breaching the two secondary POCs at 16 and 22 USD, indicating traders' interest in these prices. At 30 USD is the major POC. Price retreated from a weekly candle's attempt to break the major POC. This price level may act a strong resistence. Investing.com models value the stock at 28 USD. Block offers commerce and payments-focused professional & Commercial Services.After reaching the minimum price of 40 USD circa in August 2024, which is near the certificate coupon barrier, it is advancing along an ascending trend line and has broken the primary POC of 65 USD, but the psychological threshold of 100 USD is holding it back. Now it trades around the primary POC touching the trend line, which is crucial for future movements. At the moment of this post, the certificate is priced much below the parity at 79 Euro and expires on May 13th, with a potentially attractive profit of nearly 30% including a significant last coupon, assuming the certificate barrier is not breached. The investment's worth should be carefully considered because the very high volatility and beta-correlation (above 2) of the underlying stocks increase the risk of hitting the barrier at any time before expiration. A margin of 20% above the barrier may not be certain for such underlying stocks.
NYSE:ULong
by riccardo_duca
Index to watch out for next week is Metal Index. The index that did very well this week and which has potential to carry forward the momentum into the next week seems to be the Metal index if it can cross 2 major hurdles at 8941 and 9227. Currently the closing of CNX Metal Index is at 8926.90. In the coming weeks if we get a closing above 8941 and eventually above 9227 the index has a potential to go north wards towards 9453, 9828 or even 10K plus levels if the rally in Nifty and the one we are seeing in the Metal index sustain. Metal index this week gave a closing above Mother line of 50 weeks EMA which is at 8750. RSI of the Metal index has also entered a bullish looking territory. The significance of Mother and Father lines, Parallel Channels, RSI can be learned by reading my past articles or by reading my Book The Happy Candles Way To Wealth Creation which is available on Amazon or can be availed by contacting me. The book is one of the highest rated books on Amazon in it's category. Now if this breakout actually happens in the Metal Index the stocks that composit the metal index will be the beneficiary in general. Some might benefit more some might benefit less and some might not benefit but for index to move upward the stocks composing it have to perform well. To know which stocks will do better than others we will have to look at their individual charts. The stocks which make the metal index are Welspun Corp, Hindalco, Nalco, Hindustan Zinc, Tata Steel, Vedanta, Sail, NMDC, hindustan Copper, Jindal Steel, JSW Steel, Jindal Stainless, Apl Apollo Tubes, Ratnamani Metals, Adani Enterprise. Thus it is obvious some of these stocks have potential to benefit if index does well. Choose wisely after consulting your investment advisor, studying fundamentals and Technicals of each company. 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 or index. The Techno-Funda analysis is based on data that is more than 3 months old. Supports and Resistances are determined by historic past peaks and Valley in the chart. Many other indicators and patterns like EMA, RSI, MACD, Volumes, Fibonacci, parallel channel etc. use historic data which is 3 months or older cyclical points. There is no guarantee they will work in future as markets are highly volatile and swings in prices are also due to macro and micro factors based on actions taken by the company as well as region and global events. Equity investment is subject to risks. I or my clients or family members might have positions in the stocks that we mention in our educational posts. 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. Do consult your investment advisor before taking any financial decisions. Stop losses should be an important part of any investment in equity.
NSE:CNXMETALLong
by Happy_Candles_Investment
$COIN - pocket full of coins or out of coins?CAPITALCOM:COIN has dropped from $349 to currently $218 over the last three days, but seems to maybe have settled at the support in this area. Working on a bounce up from support, and MACD looks to maybe cross up and RSI has crossed up. Might be time to consider a long, my target is $300. The three candles since the bounce have been long-tailed, indicating buying interest. Of course, considering CAPITALCOM:COIN one must also look at CAPITALCOM:BTCUSD as they tend to move in tandem.
CAPITALCOM:COINLong
by WeRideAtDawn
Nifty trying to bounce but few hurdles remain. Nifty is trying to bounce after forming the base but few important hurdles to cross next week if the rally has to sustain. The immediate resistances for Nifty will be 22557, 22668, 22800 and 23056. If these resistances are crossed we will have the Mother line and Father line resistances waiting for Nifty at 23116 and 23458. In the Middle of this tough resistance zone of Mother line and Father line there is also a trend line resistance around 23300. But these will come into play only if we are able to cross the immediate resistances mentioned earlier. To know what mother father line resistances are you will have to read my book The Happy Candles Way To Wealth Creation. It is one of the highest rated books on Amazon in its category. In case of the rally fizzles out the support zones will be near 22240, 21964, 21782 and finally 21281. In unlikely circumstances of 21281 broken and we get a weekly closing below it the market will fall into a major bear grip coming out of which can take a lot of time as this is the Election 2024 day low. As of now shadow of the candle looks slightly positive however FIIs are still in the selling zone despite the chart showing the signs of bottom formation. Next week is going to be very interesting. It will be interesting if FIIs finally show some interest of coming back or continue their selling mode. Little bit of support from FII here could possibly drive the rally further and add more steam to this humble beginning of what we can call a gentle up move rather than a bull run. 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 or index. The Techno-Funda analysis is based on data that is more than 3 months old. Supports and Resistances are determined by historic past peaks and Valley in the chart. Many other indicators and patterns like EMA, RSI, MACD, Volumes, Fibonacci, parallel channel etc. use historic data which is 3 months or older cyclical points. There is no guarantee they will work in future as markets are highly volatile and swings in prices are also due to macro and micro factors based on actions taken by the company as well as region and global events. Equity investment is subject to risks. I or my clients or family members might have positions in the stocks that we mention in our educational posts. 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. Do consult your investment advisor before taking any financial decisions. Stop losses should be an important part of any investment in equity.
NSE:NIFTY
by Happy_Candles_Investment
Bitcoin (BTC/USDT) Market Analysis – March 7, 2025Bitcoin is currently in an indecisive phase, showing signs of both potential upward and downward movement. Traders should exercise caution as the price hovers around critical support and resistance zones. Key Levels to Watch 📌 Support Levels: $86,500 - $86,000 (Short-term support) $82,500 - $81,500 (Major support zone) 📌 Resistance Levels: $89,500 - $90,000 (Key resistance area) Market Outlook 🔸 Bullish Scenario: If BTC maintains support around $86,500 and shows strong buying momentum, we could see a retest of $89,500 - $90,000. A breakout above this level may trigger further upside. 🔸 Bearish Scenario: A breakdown below $86,000 could push BTC towards the $82,500 - $81,500 support range. This would indicate increased selling pressure. Trading Recommendation ⚠️ The market is currently indecisive, making it risky to open new positions. It's best to wait for a confirmed breakout or rejection before entering trades. Conclusion Stay patient and let the market provide clearer direction before taking action. Keep an eye on volume and price action at critical levels for confirmation.
by MangoMan4
BTCUSDT.P 15-Min Analysis – Resistance Test Incoming?Bitcoin has been forming clear liquidity levels and moving in a structured manner. After a strong recovery from support, BTC is now approaching a key resistance zone, which previously acted as a rejection point. Technical Breakdown 📍 Support Zone: $87,000 – $88,000 📍 Resistance Zone: $90,000 – $91,000 📍 Current Price: $89,030 🔸 Market Structure: A series of liquidity sweeps and rejections have defined BTC’s movement. The price has respected previous resistance zones, making them key areas to watch. If BTC faces rejection at the next resistance, we could see a short-term retracement. Potential Trade Setups 🔻 Bearish Case: Rejection at $90,500 – $91,000 → Short opportunity targeting $88,500 – $87,500. 🚀 Bullish Case: If BTC breaks & retests $91,000 as support, we could see a push toward $92,500 – $93,000. Final Thoughts Bitcoin is at a critical juncture—a decisive move in either direction could set the trend for the next few sessions. Watch for confirmation before entering trades! 📌 Do you think BTC will break resistance or reject? Drop your thoughts below! 👇
Long
by MangoMan4