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Candlestickpattern

GOLD-4 hr candlestick analysis !!4 hr Analysis We can see a Double Bottom was created. Double Bottoms can be strong signals of a reversal. Double Bottoms indicate several things: 1. Strong Support 2. Bears failed here twice 3. Bulls won out Looking at the yellow circle to start. This candle is a bit of a spinning top at the level of support. We can be sure that price will go up based on the next candle, a Bullish Engulfing. And price does continue up. The red highlight is the high. Drawing the Fibb from the yellow cirlce low to the red highlight high gives us a turnaround point at the 61.8% level. Price came to here, formed a Bullish Harami, and went up. Additionally, Since there are three Bullish Candles in a row, Gold created a Three White Soldiers formation. This is also an indication that the Bulls are beginning to win out.
FX:XAUUSD
by Shanktown
A Reversal Trend!The candlestick indicates a trend change in the price of the stock due to buying interest backed by significant volume compared with the previous trading. The 0.475 is the price Point of Control with fresh buying interest that has emerged and is set to lift the stock higher. MACD and OBV also indicate a divergence signal. Hence, align with the candlestick trend change of the price to the next price resistance. The MA50 line will be the next price resistance and is worth watching out for. Let's save PEKAT in WL and watch out for the price closed above the MA50 line backed by significant volume. R 0.490 S 0.450
MYX:PEKATLong
by eskopitehmilo
Gold pushes up again! Take a look at how Gold pushed up! What did Gold do during Asian and London session? The yellow line is the daily close yesterday. You can see how price touched it three times. Just after the second touch, we have an Evening Star made. The following candle is bearish engulfing. Price has moved down. The third touch on the line is a bit of a fake out. The bulls tried but failed and were pulled crashing back down. At the bottom here, We have an inverted hammer followed by a bullish engulfing. This is looking very bullish now. The Bulls officially took over once they were able to close above the daily (yellow line). Price wicked up, and closed back below. The following candle was a bit of indecision as it is a spinning top wick about equal sized wicks. However, this spinning top comes after the close above and slight pullback. Still looks bullish which is confirmed by the following three candles creating Three White Soldiers.
FX:XAUUSD
by Shanktown
GBP/JPY LONG SET-UPGBP/JPY Buy Set up Technical breakdown on GBPJPY GJ is in a very bullish condition, however, I understand that the pair is also trading at a strong level of resistance Saying that, GJ has the potential to break past resistance, and this could be the trade we need to make it happen GJ has broken 15m resistance but hasn't come back to retest, this key area also lines up with a strong psychological level (165.000) as well as the 61.8 FIB level I will be looking to take this buy as long as we see and a bearish candlestick formation, this can be wick rejections or a depletion of selling pressure BUT This area of resistance has a chance of holding so if price does break through 165 and retests this zone showing bearish pressure, I'll be looking to sell this pair down to 163.500 or 162.500
Long
by TomBray1
EUR/USD Technical BreakdownEURO / DOLLAR; Technical Breakdown (Long) So, as you can see we've had a depletion at 0.98800 where price failed to break the lows and printed a clear inverted head & shoulders After the third bounce of the trendline, I was expecting price to break through, indicating price is reversing We have clear / well respected support / resistance zones marked out, indicating where price is likely to go after breaking bearish market structure Now, for me personally, I'd like to see price come back to the golden zone between the 61.8 & 78.6 fib levels to give the best / highest probability set up whilst maximising our reward to risk You may have noticed these fib levels also line up with the trendline, a strong area of support (0.99250) as well as the neck line of the inverted head & shoulders However, This set-up isn't guaranteed, but, if price does come back to this zone, I will be looking to take buys as soon as we have 3 rejection candles on the 5m or 15m timeframe We may even have a rejection of the 0.99750 level which price has previously respected as support, but again, in my eyes, the best set up which we as traders should all wait for is the highest probability set ups which to me is the deeper pullback to that 0.99250 level. Hope you enjoyed that technical breakdown on EU. Let me know what you guys think about this pair.
Long
by TomBray1
How did Gold move up 157 pips up?​​How did Gold move 157 pips UP in 6 hours? The yellow box is an exhaustion area. It can be seen previously on September 1'st. The shape that is made here I've seen move up a lot. The yellow line at the bottom is what I'm looking for to enter. I want to see a push above that in order to enter a buy. At the bottom, we can see a long lower wick showing the bulls pushed price back up. Next is a bullish engulfing. The next candle is the candle to enter on because it breaks above the yellow line (an S&R as shown as the close of previous candles). Finally, we see a trend line that was respected, broken above, touched twice, then price move away from it.
FX:XAUUSD
by Shanktown
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
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