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Candlestick Analysis

Schlumberger Has Been SlidingSchlumberger has been sliding for more than a year, and some traders may see further downside risk. The first pattern on today’s chart is the series of higher lows between mid-December and early January. The oilfield-services company dipped below the line in late January and spent all of February below it. That may be viewed as a bear flag breakdown. Second, SLB made a higher daily high in a failed rally on Monday. But then it crossed below Friday’s low. The resulting bearish engulfing candle may suggest that sellers remain in control. Third, the 50-day simple moving average (SMA) is below the 100-day SMA. Both are under the 200-day SMA. Such a configuration is potentially consistent with bearishness over the longer run. Flipping to the short run, traders may also see bearish patterns: The 8-day exponential moving average (EMA) has crossed below the 21-day EMA and MACD has been falling. TradeStation has, for decades, advanced the trading industry, providing access to stocks, options and futures. If you're born to trade, we could be for you. See our Overview for more. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options or futures); therefore, you should not invest or risk money that you cannot afford to lose. Online trading is not suitable for all investors. View the document titled Characteristics and Risks of Standardized Options at www.TradeStation.com . Before trading any asset class, customers must read the relevant risk disclosure statements on www.TradeStation.com . System access and trade placement and execution may be delayed or fail due to market volatility and volume, quote delays, system and software errors, Internet traffic, outages and other factors. Securities and futures trading is offered to self-directed customers by TradeStation Securities, Inc., a broker-dealer registered with the Securities and Exchange Commission and a futures commission merchant licensed with the Commodity Futures Trading Commission). TradeStation Securities is a member of the Financial Industry Regulatory Authority, the National Futures Association, and a number of exchanges. TradeStation Securities, Inc. and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., both operating, and providing products and services, under the TradeStation brand and trademark. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Visit www.TradeStation.com for further important information explaining what this means.
NYSE:SLB
by TradeStation
Still short gold, TP: 2895-2885Bros. good morning!!!To be honest, I still hold my short position. In the past two days, gold has fallen back to around 2902-2901 many times. Although I made a good profit in the process, I think the fall of gold has not reached my target expectation, so I continue to maintain the short position for the time being and have not closed the position. According to the current stage, gold has formed a current high point near 2956, and the 2930-2940 zone has also become an important current resistance area. Therefore, I believe that the current rebound of gold is not enough to support gold to continue to rebound and break through the key resistance level. In addition, the situation between Russia and Ukraine is developing towards peace expectations, and the factors supporting gold have decreased again. After the fermentation and digestion of the market in recent days, the positive impact of the tariff issue will gradually weaken. On the technical level, gold is likely to replicate the trend between February 25th and 27th, and fall again after building a double top structure in the short term. So in terms of short-term trading, if you don’t have any positions, you can still continue to short gold and look forward to gold falling back to the 2895-2885 zone.Bros, profits are the ultimate goal in trading. Accumulating profits is what changes lives and destinies. Choosing wisely is far more important than just working hard. If you want to replicate trade signals and earn stable profits, or if you want to deeply learn the correct trading logic and techniques, you can consider joining the channel at the bottom of this article!
OANDA:XAUUSDShort
by Trader_Marvin
Dollar Index - End of February Analysis- Below the opening price of the 3-month bullish order block, a monthly BISI @ 104.636 – 105.420 presents itself - Failed to see last months high taken out all whilst trading into the 6-month SIBI. Last months lows has been taken although price closed inside the previous. months range - Studying a draw to February's low @ 106.126 as the 1st point of interest - Monthly candle body closure above the midpoint of Februarys high and open will negate this idea.
TVC:DXYShort
by LegendSince
Gold will hit new highsFrom the current gold daily chart, gold prices are defending above $2,900/ounce. However, only if the gold price closes above the static resistance of $2,930/ounce, the upward trend may regain traction. The relative strength index (RSI) has fallen slightly, but it remains above 50, indicating that the bullish potential still exists. At the same time, if the non-agricultural data rises to 2,930 today, there is still the potential to break the high! Then the current gold price is still strong. There is a little pressure on 2922 in the short term, but the upward trend remains unchanged. As long as it does not fall below 2,900, it will continue to be bullish in the short term. The best trading method is that the price has repeatedly stepped back to confirm the support of 2912-2914 and sprint upward, so you can continue to do more gold around here and defend the 2910 area. If it does not fall below 2910, the price is expected to break upward to the 2920-2923 range, and it will be expected to rise further, looking for 2930, and then 2945-2947
OANDA:XAUUSDLong
by Gold_Labaron
CHF/JPY Market Analysis – Potential Bearish Move Ahead? 🔹 Current Market Structure: The CHF/JPY pair is currently trading within an indecisive area, facing key levels that will determine its next move. The price recently tested a strong resistance zone and is now showing signs of weakness. 🔹 Key Observations: 1️⃣ Indecisive Area – Price is consolidating within a small range. A breakout will provide confirmation of direction. 2️⃣ Needed Volume Zone – This area needs strong momentum to continue further downward movement. If the price fails to sustain below this level, we might see a short-term pullback. 3️⃣ Reversal Area – If price continues its descent, this zone could act as a potential support and trigger a reversal. 🔹 Trade Outlook: 📌 A candle close below the indecisive area will strengthen bearish momentum, increasing the probability of price reaching the needed volume zone and eventually the reversal area. 📌 However, a strong bullish rejection from the current level could lead to a pullback towards the previous resistance zone. ⚠️ Stay patient and wait for confirmation before entering a trade! What are your thoughts on this setup? Let me know in the comments! 💬👇 #Forex #CHFJPY #Trading #TechnicalAnalysis #PriceAction
Short
by MangoMan4
1
Nifty trying to stage a comeback but big resistances approachingNifty is in the process of staging a grand come back. Toda it closed with heft gain of 1.15% and 254 points. However there is an important trend line resistance including the supply zone between 22394 and 22455. If we get a closing above 22455 by the end of this week we can assume it will be a come back otherwise this bounce can be termed only as a technical bounce from the oversold zone. Once we get a closing above 22455 the next resistances will be at 22692 and 22981. Post this there will be Mother line, Major trend line and Father line resistance which can be seen in the chart at 23163, 23411 and finally 23477. It is a long way to go before we reach there. Bulls can claim a dominating position only after a closing above 23477. Supports for Nifty remain at 22183, 21954 and 21576 currently. All eyes on the closing we get this weekend. Positive or positive to flat closing required in the next 2 days for bull run to gather proper steam. Shadow of the candle currently looks neutral to positive. 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:NIFTYLong
by Happy_Candles_Investment
Gold daily updateAfter yesterday's bullish move during the London session, we saw some some predictable profit taking during the New York session. The move is still towards the upside though. The Asian session today is hovering around (and starting to break below) yesterday's hourly trendline, which indicates that a retest to the 2,890 area is on the cards. This will take the price towards the top (or the base if you look at it upside-down) of a reverse head and shoulder pattern. If we see price make a support around that area, then gold is poised for another move up to retest the 2,920 area. However, if price fails to make a support at 2,890 and breaks further down then we could see some more movement downwards towards the 2,860 region.
FX:XAUUSDLong
by CandleStickGuru
GBP/AUD: Topping Signals Flash After Relentless RallyThe bearish pin candle on the GBP/AUD daily chart on Tuesday is a warning sign for bulls after a more than seven big-figure rally in less than a fortnight. RSI (14) is flashing extreme overbought conditions, sitting at levels that have marked major market tops in the past. Fundamentally, the move stacks up—improved Eurozone optimism from increased military spending and weaker energy prices is a tailwind for the U.K., while ongoing U.S.-China tariff skirmishes weigh on the AUD, overshadowing early signs of an Australian economic recovery. But that’s all baked in now, leaving GBP/AUD vulnerable to downside without fresh catalysts to push the narrative further. If the pair nears Tuesday’s high, it could offer an entry point for those looking to fade the move. Stops could be placed above that level, targeting an initial pullback to 2.0300—the December 2024 high. From there, traders can reassess whether to aim for 2.0150 or square the trade. Good luck! DS
Short
by FOREXcom
SOL/USDT 2H Chart🔹 Asset: Solana (SOL/USDT Perpetual Futures) 🔹 Timeframe: 2-Hour 🔹 Exchange: MEXC 📊 Market Overview: Solana has bounced from a key support zone after a strong breakdown, signaling a potential shift in momentum. The structure has confirmed a Break of Structure (BOS), which may lead to further upside movement before facing resistance. 📈 Key Technical Insights: ✅ Support Holding: The price has reacted well to the $130 - $135 support zone, leading to a bounce. ✅ Mini Reversal Area ($150 - $155): This zone could act as a minor resistance before a deeper retracement. ✅ Main Reversal Area ($165 - $175): A significant supply zone where selling pressure may increase. 📌 Trading Plan: 🔹 Bullish Scenario: If SOL holds above the support zone and breaks past the Mini Reversal Area ($150 - $155) with volume, a further move toward the Main Reversal Area ($165 - $175) is likely. 🔹 Bearish Scenario: If SOL struggles to break past $150 - $155, a retest of the support zone ($130 - $135) could happen. 🔹 Risk Management: Watch for rejection wicks or bearish divergence before entering short positions. 📢 Final Thoughts: 📌 A strong move above $155 could trigger further upside momentum. 📌 Traders should watch price action closely at the marked reversal areas. 📌 Be patient, wait for confirmation, and manage risk accordingly! ⚡ Trade smart and stay ahead of the market! 🚀
Long
by MangoMan4
BTC/USDT 15M Chart🔹 Asset: Bitcoin (BTC/USDT Perpetual Contract) 🔹 Timeframe: 15-Minutes 🔹 Exchange: Binance 📊 Market Overview: Bitcoin has shown a strong bullish impulse after breaking key structure levels, confirming a shift in momentum. However, the price is now approaching a high-probability reversal area, where a reaction is expected. 📈 Key Technical Insights: ✅ Major CHoCH (Change of Character) confirmed, marking a potential trend shift. ✅ Mini CHoCH holding as local support, maintaining short-term bullish momentum. ✅ Reversal Area (Above $90,000): This zone represents previous liquidity zones where sellers could step in, leading to a correction. 📌 Trading Plan: 🔹 Long Entry Confirmation: If price retests the Mini CHoCH ($88,000) and shows bullish rejection, another leg up is possible. 🔹 Short Reversal Setup: If price reaches the Reversal Area ($90,000 - $91,000) and forms bearish confirmation patterns (e.g., engulfing, wicks, or volume divergence), a short trade targeting $87,000-$86,000 would be ideal. 🔹 Risk Management: Wait for confirmation before entering trades—false breakouts are possible. 📢 Final Thoughts: 📌 Breakout traders should be cautious of liquidity grabs. 📌 Reversal traders should look for bearish confirmation in the highlighted area. 📌 Price action confirmation is key before taking any position. ⚡ Stay sharp, manage risk, and trade smart! 🚀
Long
by MangoMan4
EURGPB Wave Analysis – 4 March 2025 - EURGPB reversed from support area - Likely to rise to resistance level 0.8300 EURGPB currency pair recently reversed from the support area set between the multi-month support level 0.8235 (which created the Double Bottom in December) and the lower daily Bollinger Band. The upward reversal from this support zone created the daily Japanese candlesticks reversal pattern Doji which signalled the strength of this support area. Given the strength of the support level 0.8235 and the strongly bullish euro sentiment seen today, EURGPB can be expected to rise to the next resistance level 0.8300 (top of the previous correction ii).
Long
by FxProGlobal
NZDJPY Wave Analysis – 4 March 2025 - NZDJPY reversed from long-term support level 83.15 - Likely to rise to resistance level 85.00 NZDJPY currency pair today reversed up exactly from the long-term support level 83.15 (which stopped the sharp downtrend at the start of August of 2024 as can be seen below), standing near the lower daily Bollinger Band. The upward reversal from this support zone will form the daily Japanese candlesticks reversal pattern Hammer – if the pair closes today near the current levels. Given the proximity of the strong support level 83.15 and the oversold daily Stochastic, NZDJPY currency pair can be expected to rise to the next resistance level 85.00, former support from the start of February.
Long
by FxProGlobal