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Candlestickpattern

A Bitcoin Simple Symmetrical AnalysisPiece together the simple aspect of symmetry and math. This decline on the 5 day (and weekly) proves to showcase a coincidental mathematical drop from Nov 2021. If this does play out our BTC bottom should be the 28th Oct 2022. Note: - 1st drop for Nov 2021 15 bars - 2nd drop from April 2022 15 bars - 1st up 13 bars - 2nd up 13 bars - Gaps from high to high both 28 bars - 100% Fib-Based Ext. correlates to a ending range. - Total avg -85% drop for cycle ATH 84.55% matches overall down bar calculations ending at a 50% retracement to the last parallel channel. Note: I am publishing this idea based on discovery evidence found in the candle stick and observing the aspect in relation to the mathematical symmetrical patterns and how it correlates with Fib Levels, parallel channels. Nothing has to follow and a curve ball could be thrown however, for a 9 month reoccurring pattern is something not to ignore.
INDEX:BTCUSD
by LiquidMafia
1
USDJPY-Weekly Market Analysis-Sep22,Wk2If you remember the analysis that I made, you would remember that I said that the Bearish Bat on the Daily Chart won't be fulfiled. Real trading means, sometimes after weeks of waiting, there is no trading opportunity, and that is ok. I always said, it is better not to engaged a trade that doesn't seems to work out rather than regrets after engaging those trade that you know you shouldn't have. Trend traders can wait for the retest within the buy zone(blue box) and wait for a 3-bar reversal before engaging on the trend trading setup.
Long
by RaynLim
Gold looks prime for BIG September Historical data of gold shows that September has always been a very significant gain month for this particular commodity. Using this we can create some confluence and frame what is going on right now. From just a raw price action standpoint gold looks to have created a local bottom, with a nice double bottom formation, having the 2nd low being higher than the first. On the daily we have two candles around the support forming a BELT HOLD candlestick pattern, that would be confirmed by a third, engulfing candle stick. Assuming this level holds we could see some major upswings, as gold retests the daily fibos of its current lower move. DOLLAR STRENGTH, could potentially impact any gold gains however with the risk off environment being so strong and everyone looking forward to the impending recession of the US economy, its not difficult to form a hypothesis that includes both the USDX hitting new highs and gold returning to new highs as well. This analysis is for a BUY SWING, that would involve a pretty substantial Stop loss of at least 250 pips if entering the trade now, however with GOLD, upswings can come very rapidly. This creates the potential for an 1800+ pip retracement, so this pair is sure to reward any PATIENT traders this month, if these current levels hold. I dont use RSI, MACD, or other technical indicators when considering my analysis.
GLong
by NakedTrading4U
EURUSD before NFP Yesterday this pair broke below 0,9980 confirming the downside move. Today is the first Friday of the month and we have NFP coming out. There will be volatility during the news and we could see further confirmation to the downside. The levels below the parity will act as resistance and we will expect that price should reject them and eventually form a new low. Once we break below 0,9900 we should see 0,9800 next! Stops should be above 1,0090 in case of price rejecting the mentioned levels.
by ForexTrendline
5
Did you see what Bitcoin just printed!? 🥵Bitcoin 1Week Chart just got even more Bearish with a Three Outside Down candle pattern. What is that? A three outside down pattern consists of 3 candlesticks that form near resistance levels. It' best to find this pattern at the top of an uptrend and the Inside version at the bottom of a downtrend. The 1st candle is bullish, the 2nd must be a bigger bearish candle that forms a bearish engulfing, and the 3rd candle forms a lower high. Typically, a 4th candle candle confirm and forms an ever more bearish reversal pattern. CLICK HERE FOR PATTERN IMAGE How to Trade Three Outside Down Patterns 1. Watch for a smaller bullish candlestick to form. 2. Identify 2nd bigger bearish engulfing candlestick. 3. Watch for 3rd & 4th candlesticks to form lower highs. 4. Take a short position once price breaks below the 3rd or 4th candlestick based on risk tolerance. 4th candle means less risk. 5. Place stop above the 4th candle or based on your own risk tolerance. When trading candlestick patterns you aways want to use confluence of other indicators: For this instance we have: ✅ Higher volume on 2 Red Candles than Green. ✅ RSI in falling Wedge ✅ Stochastic RSI cross down In my opinion its only a matter of time before Bye 19.5k 👋👋👋
INDEX:BTCUSDShort
by jlouvierobv
2
ETHEREUM CONTEXT ANALYSIS QUICK UPDATE (BEWARE!)This is just something that I must alarm people about especially those that are way too new in the market right now regarding the Ethereum price action. Please don't get jebaited by this candlestick, I swear to gosh I will frown at you for even considering buying here with the SP500 and NASDAQ so much red and no confirmation. If you don't want to short, that is absolutely fine to wait for confirmation which you should always do. The rule of hanging man candle stick is that it reverses to the downside if the next day candle DOES NOT close higher than it and will most likely fail. This is especially stronger in a bear market, a trending market more specifically. Be warned and manage your risks! ----- Be sure to boost, like, comment or share it with your friends. Bookmark it, save it, its yours -- for free!
KRAKEN:ETHUSDShort
by Wamses
What does Gold do in this current area?Price often movs back between these two white lines. These are both significant S&R. Starting at the green slash: Bullish engulfing which closes higher than previous candles. This is followed by four more bullish candles. Finally, close to a resistance, price makes a doji. I expect that this is where many were taking profits. The very next candle is another bullish engulfing which breaks above and closes above the yellow support. This is pre London. Price continues bullish until it hits the upper white line-very strong resistance. Once here, Gold makes long upper wicks to the resistance. The first and last shooting star are big clues that price will potentially be moving back down. Many times in bearish movement, there will be a reaching wick followed by a strong close, which is what we see here. The first bearish candle pushes price below, but closes above. The second candle pushes well through and closes far below the yellow support now turned resistance. There is a piercing pattern created with the two candles at the yellow circle. Price moves back up to the yellow resistance, creates a doji, and pushes back down. Comes back up and closes at the yellow resistance again. Now, Gold created a double top at the green box. Since the Double Top was created, We can see Three Black Birds signifying more bearish movement. Will price stop at the yellow circle? Or, continue to push down to the other yellow line and white line?
FX:XAUUSD
by Shanktown
A Breakout Signal!With significant price movement from the previous trade, the candlestick indicates a breakout signal where the price closed above the MA200 line backed by high volume due to buying interest. MACD and OBV indicate a divergence signal and confirm the price uptrend towards the next price resistance. Precaution since RSI is at indexer 70; becoming overbought or overvalued. It may be primed for a trend reversal or corrective price pullback. Let's save EG in WL and watch out price uptrend towards the next price resistance. R 0.570 S 0.515
ELong
by eskopitehmilo