Get started

Candlestick Analysis

ETHUSD buy (Trend, Session and Momentum)Trend: The intention was pretty clear that buyers are stepping in. When i saw the PA in the evening (NY session) sellers didn't step-in and no lower low was made. Going into Asia was similar the momentum is also for buyers. Took a buy into Tokyo Session (even though i know i was too early, but i am confident that sellers are nowhere to be found coz of the PA yesterday). London session: My thinking of this session is if we pull up in this session NY would be the same. Momentum: Sellers are being aped up by the buyers, if you look into the candles every time the price is jacked up sellers momentum is very weak. Note: Sorry for my english, it's not my first language. If you're a pinoy come follow me, i'll post my journey here.
COINBASE:ETHUSDLong
by TraderKeithfx
MATICUSD showing strengthHello, Today we look at MATIC. - MATIC is still in strong support zone, not yet broken out. - It is also battling 21 weekly EMA. If it manages to cross up, it is a very bullish sign. - It is in a bullish divergence (RSI making higher low while price makes a lower low). - Volume has increased in the last weeks, showing potential that bottom is in. - RSI got up above 43 and tested it as support. RSI cross above 43 has always showed to be bullish. Resistance levels: - 0,75 USD - 1 USD - 1,3 USD Remember to take profits along the way. Do not be too greedy. Success is a series of small(er) wins, not one major win. Make sure to check my other posts, all are still valid. XLM has already made x2 since my post, DOT is up 50%... Not a financial advise. Do your own research. Good luck!
COINBASE:MATICUSDLong
by carefulCheese32259
1
GS GlitchI had this developed when the price was near the blue rectangle on the left. When I saw it at 510 I though it is a dud project. Now after the rebound from the green I decided to share it just in case we get to see some more relevant price action near the elements. Not sure if the projection in time of the linear pathway is relevant. Could be dilated for months for something that could happen in weeks. Nevertheless, I have an interest for the last yellow arrow which could provide a setup for a broader bearish move. Don't know where/when such a setup might occur yet.
NYSE:GS
by nen
$NFLX SniperSimple setup with some projected data points as price targets in time. If and only if at least 3 of them are hit, and maybe a wild card pivot point at any of the elements, preferably the pink rectangle, I would strongly suggest analyzing the potential for a bounce from the green rectangle zone in case another power wave forms that pushes the price higher. The idea is to hunt for the potential power wave, as these are the most fun to trade: momentum, volatility, few days in a trade but with bigger moves. This project was made on a whim, so I might add one or two more elements during the update comments, but the main idea is straight forwards, easy to understand and easy to approach, as long as we pay close attention to the Japanese Candlesticks for any setups. For this one, in this case, for the simulated/imagined scenario, I will have a lookout for candlestick shadows for any clues, as these stocks can jump up and down without prior warning because of the trading hours. Last but not least, whatever happens to the price action its relation/reaction to the elements in the project, the green rectangle is a projected potential support and resistance zone (in its specific time zone)/
NASDAQ:NFLX
by nen
7
Nifty chart explains Mother-Father & Small Child theory and RSICurrent Nifty daily chart explains Mother-Father & Small Child theory and RSI very well have a look. As we can see and explained in my previous articles in Smart Investment as well as my book, The Happy Candles Way to wealth creation available on Amazon in Paperback and kindle version. The book in E-version is also available on Google Play books. Every time and again Nifty for cooling down from the overbought zone, consolidation, finding support and finding bottom in case of a bear market looks towards taking blessing or ashirwad from mother regularly and father some times. Wherein we call 50 EMA the Mother, 200 EMA of the father and movement of the candle sticks as movement of a 3 year old kid who is moving in a garden. The theory has been explained in depth in my previous articles and books but what you read above is in a nutshell. This time as there were serious issues related to FIIs selling continuously, issues regarding inflation, consumption and domestic demand being weak we saw a steep correction in Nifty from its high. The global issues like escalating Iran Vs Israel tensions, US elections, Ukraine Vs Russia war again gaining momentum also played a spoilsport for bulls along with new episode of Adani saga. The correction might not be over we do not know for sure where the exact top and exact bottoms are but we can predict zones that can provide resistance and supports accurately. Mother and Father lines we consider major supports and well as major resistances. They are major and most important supports if price of the particular stock or index is above the lines and they will be major resistance if the price of the stock is below them. On Friday we got a strong closing above the 200 days EMA which means if we get a follow up bullish candle on Monday and index continues to sustain above 200 days EMA things can go North in favour of Bulls. If Bulls can manage to get a closing above 50 days EMA or mother line the rally can enter a very strong zone. Another noteworthy point is that Nifty also hit a near channel bottom support as well as RSI also hit an oversold zone. Thus getting a positive closing to next week and further extending the closing above Mother line will be very important going forward. Supports for Nifty remain at 23542(Strong Father line Support), 23259, 22801 and 22139. Resistances on the upper side are 23965, 24259, 24417 (Strong Mother line resistance) and 24909 before we again reach 25K+ levels. 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. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. 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.
NSE:NIFTYLong
by Happy_Candles_Investment
RIPPLE (XRPUSDT): Bullish Breakout: Eyeing $2.00 Milestone.I previously predicted a rise in the XRP market, and I am seeing further confirmation of a bullish trend. The price has broken through a strong horizontal resistance level on a 4-hour chart, indicating potential for further gains. Buyers may now be targeting levels of $1.6000 and $1.7000 as their next goals. If the price remains strong at these levels, it could lead to a significant bullish rally. Breaking through the key resistance at 1.7000 could open the door to even higher resistance levels, possibly reaching as high as the 2.000 mark.
Long
by linofx1
1
$NQ Possible PM Session Buy *SMC*Edit: OOPS! I pulled the chart too far back when publishing. I would suggest looking at the chat with the high and the low of the day as well as including the asian session from yesterday. like this *Smart Money Concepts is the technical analysis that takes the opposite appproach of retail ttechnical analysis. Don't think as if you were taught the first time to trade. Think as if you're a market maker and can manipulate the market. In th 5 min chart of Nasdaq Futures. There's a small unbalanced candle that breaks the most recent high (Not a major high just a session mid-high). The bottom of that FVG is also the top of that short high that triggers liquidity at $20780.25 See Chart If price reaches int that FVG, I will jump in with a PM session silver Bulllet opportunity. Keep in mind. that you have two bearish breakers/order blocks on your way up. However, considering we haven't been breaking lows, I have a feeling the afternoon session will be going for breaking Liquidity in a high, above 20,905. and OANDA:NAS100USD possibly to the Top of the 1 HR Breaker. see chart. If it doesn't fall back into this area. I'll just sit n my hands and not risk chasing something I do not see that a institution would would do. Entry is 20791.00, Full Take Profit 20918.00 (Possibly banking two take profits along the way as it hits bearish breakers and moving the stop loss to even.) Srop loss will depend on time. If before 2pm NY Time then 20700.75. Be careful after 2 p.m. as price will have a tendency to move a lot faster and your stop loss could get hit in a matter of minutes. So I would shallow it to 20,780, and look for another entry Good luck and happy trading. CME_MINI:NQ1! OANDA:NAS100USD PEPPERSTONE:NAS100
CME_MINI:NQ1!Long
by BodiesXWix
8
$SOL - Retrace to Breaker. $230 0r $220 *SMC**Smart Money Concepts* Will tell you there's a void in priceAfter making a run on the 4 hour chart to well above current highs, and then a slight drop into the vair value gap, AND THEN ANOTHER RUN ON THE HIGHS...... I decided that that would proabably be the last high for at least the next couple of days, if not at least the next 24 hours. So I decided once it hit above the wicked high near 242, I wanted to go short. There's liquidity just below 230 where the mid of the 4 hour FVG lies, But also the juat before the tops of the wick area to the broken highs to the left, the fair value gap median is about 227, And then a breaker around 220. The price should bounce off of that price and continue going up. But considering we're at all time highs, the price run may take a short consolidation which is why I'm shorting the price from now until it hits discpunt array near 62 % after breakin the high. Once it hits that that 4 hour Breaker point, we should see price start to move sideways for a bit before we start to see it. strike up again. Either way, I've Got Solana Futures on a short MEXC:SOLUSDT.P COINBASE:SOLUSD BITGET:SOLUSDT.P AND I'VE GOT GATEIO:SOLUSDT.3S as well as other Sol5S and 3S until I think it's time to turn them around or hit my Take profit. LBank has the 5S Running Well. I will try to post the truth of the earnings. Whether my own site or somewhere, you can follow my accounts to see My advancements. After It price does strike these areas It wouldn't be surprising if they flipped at the discount level shooting for tor the 168%.... But as for now, I'm focused on the Short, let's hope it continues to short. or at least give a sideways fake out, then drop as we usually see in smart money.
COINBASE:SOLUSDShort
by BodiesXWix
2
Trade Recaps: USDJPY-LONG, GBPJPY-LONG, 21/11/2024UJ & GJ Bias Analysis: Both setups were very similar so correlation risk was high and I was effectively risking 1% on 2 separate setups. The Daily was trading at a premium, however after price began re-establishing a bullish counter trend, we pulled back into Internal range liquidity, mitigating the 62.5% and 70.5% fib levels on UJ & GJ respectively. Long entries were in line with the 1H bullish ranges and entry confirmation was achieved by means of a 15M reversal candle and Micro-timeframe confluence (1M Market Structure shift or 5M FVG inversion). Grade: - UJ: High Risk - GJ: Low Risk What I did well or could've done better: - I choked my stop losses on both pairs as I was trying to achieve the highest possible R:R. This led to being stopped out after price traded lower on both pairs to sweep MTF TBL. - I was focused and identified re-entry opportunities. I stuck to my trade management plan and only executed a re-entry on GJ as my plan allows for 3 maximum consecutive losses per day.
Long
by The_Modern_Day_Trader