Get started

Engulfing Candle

📈 Yearly Engulfing from the Bulls: A Year in Green 📈Macro bullish-engulfing yearly chart. 🟢 Unstoppable Ascent (2009-2012): A solid start, Bitcoin embarks on an upward journey, laying down the foundation for what will become a digital gold rush. 🔴 Moderation in Momentum (2012-2015): The red candles suggest a period of consolidation, a breather where the bulls and bears are at a tug-of-war, testing the resilience of the new digital asset. 🟢 Climbing Higher (2015-2018): Post-consolidation, Bitcoin shows its true potential, climbing with conviction, as if saying, "This is just the beginning." 🔴 A Pause, Not a Stop (2018): A single red candle hints at hesitation but not defeat. The journey isn't over; it's a mere pit stop for the bulls to gather strength. 🟢 Bullish Engulfment (2019-2021): Here we witness a classic bullish engulfing pattern on a macro scale, where subsequent green candles completely overshadow prior periods of doubt, solidifying Bitcoin's position in the market. 🟢 Continued Confidence (2021-2022): The trend continues, with each green candle standing tall, shoulders above previous years, showcasing a relentless bullish sentiment that seems to say, "To the moon." 🚀 Outlook: The overall trend is undeniably bullish. This 12-month chart paints a picture of a strong upward trajectory, symbolizing the growing acceptance and investment in Bitcoin. Each green candle lights the way to potentially higher valuations, as each year seems to engulf the last, showcasing the undimmed optimism in the cryptocurrency's future. 💡 Investor Insight: While past performance isn't indicative of future results, the pattern here is clear – Bitcoin has been a persistent force, gaining ground year after year. It stands as a testament to the cryptocurrency's growing influence and staying power in the financial landscape. 🚦 Traffic Light Indicator: Green for Go: The overarching bullish engulfing pattern across multiple years gives a green signal for continued upward potential. Amber for Caution: A single red candle hints at natural market corrections. Vigilance is advised as volatility is part of Bitcoin's nature. Red for Stop and Assess: Should a red candle form that rivals the stature of its preceding greens, it may signal a time to re-evaluate market conditions. Remember, while the market's enthusiasm is palpable, one must trade with caution and consider the inherent risks and volatility of cryptocurrency investments. For a more detailed analysis, or to explore specific trading strategies, feel free to reach out.
INDEX:BTCUSD
by Shibunacci
NIFTY DAILY - 18/4/2024Nifty opens with positive note but bulls didn’t survive into the market and loss all the day gains at the end of the day. Market falls another 152 points (around 0.69%).(nearly 774 points in last 4 trading session). Nifty has formed red body big candle on daily chart. Bearish engulfing pattern is formed on daily chart, which indicated more bearishness into the market. Candle is trading below 20 days Simple Moving Average Line. Nifty is above it support level which is 21936 with resistance of 22152 level. Today’s Advance Decline ratio of NIFTY50 Advance - 14 Decline - 36 FII Sell – 4260.33 crores DII Buy + 2285.52 crores. ⚠️ Important: Always maintain your Risk & Reward Ratio. ✅Like and follow to never miss a new idea!✅ Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes. Eat🍜 Sleep😴 TradingView📈 Repeat 🔁 Happy learning with trading. Cheers!🥂
NSE:NIFTY
by radha_23
ON Semiconductor lags its leading peer Engulfing Candle LONGON shown on a 30 minute chart- has fallen behind but is a top 50 seached on the the Zack website. It recently trended down from a push to outside the Bollinger Bands showing extreme buying volaility and price action than a big fade into selling volatility and a slight compression. The TTM squeeze fired just as price fell outside the lower band. Price rose abruptly into and over the trendline and then printed a so called" Big Ass Candle" engulfing about five hours of price action. This is a strong buy. ON will work to catch up with MU NVDA and the frontrunners. I will profit while it runs that race.
NASDAQ:ONLong
by AwesomeAvani
1
Polestar | Bullish Engulfing Pattern Signals Potential ReversalThe provided candlestick chart shows a promising bullish engulfing pattern in the last two candlesticks. This pattern is a strong indicator of a potential reversal from the recent downtrend, signaling that buyers are stepping back into the market with vigor. Given that the stock was recently trading at its lowest point of $1.6 and has now rebounded to $2.05, this bullish engulfing pattern could be an early sign of sustained upward momentum. Option 1: The stock may follow the steps outlined on the chart (1,2,3,4,5), indicating a gradual and steady rise after overcoming the initial resistance. Option 2: There’s a possibility that the stock might skip step 2 and break through the resistance immediately due to strong buying pressure. Option 3: If support is broken, we could witness a continuation of the downtrend. Investors should keep an eye on key support levels to mitigate risks. Please note that this is not a financial advice and it’s important to do your own research before making any investment decisions. News: NASDAQ:PSNY continues its close collaboration with NASDAQ:GOOGL at CES 2024 in Las Vegas. The latest innovations for cars equipped with NASDAQ:GOOGL integration are about to be implemented on NASDAQ:PSNY models, introducing new features also available on Polestar 2. These innovations are currently on display at Google’s Android booth at CES, with particular reference to Polestar 3. techgameworld.com
NASDAQ:PSNYLong
by ericsocrat
2
NIFTY DAILY - 28/2/2024Market opened on a positive note, but bulls were not able to sustain in the market and turned market negative, and made days low that is 21915. Nifty has formed big red body candle with upper and lower shadows. Bearish Engulfing candle is formed on daily chart which indicates bearish sentiments into the market. Today’s candle is halfway crossing the 9 days Exponential Moving Average. Nifty has broken the support of 22023 so next support will be at level 21854 and level 22115 will work as resistance. ⚠️ Important: Always maintain your Risk & Reward Ratio. ✅Like and follow to never miss a new idea!✅ Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes. Eat🍜 Sleep😴 TradingView📈 Repeat 🔁 Happy learning with trading. Cheers!🥂
NSE:NIFTY
by radha_23
NIFTY DAILY - 21/2/2024Market falls from nifty’s new all-time high that is 22249 level and Bulls lose its winning streak in the market. Nifty formed shaven head candle on the daily chart which indicates participants are selling from higher level. Nifty has formed Bearish Engulfing Pattern on daily chart which indicates trend reversal. We may see further weakness in market. Nearest support will be 21986 level with resistance of 22381 level. ⚠️ Important: Always maintain your Risk & Reward Ratio. ✅Like and follow to never miss a new idea!✅ Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes. Eat🍜 Sleep😴 TradingView📈 Repeat 🔁 Happy learning with trading. Cheers!🥂
NSE:NIFTY
by radha_23
3
DISH Network Macro technical developments point to BuyHi guys! So this is a look into DISH Network (DISH) technical analysis. This analysis is done on the 1 Month timeframe, thus depicting the Macro price action of DISH. This analysis does not express the shorter term or intermediate term trend but looks to assess the Long term trend. The findings in this idea also support a buy and hold strategy for DISH. Do note that because of that it is possible for shorter term or intermediate term pullbacks. I will do my best to post updates on shorter timeframes to help assess better buy areas. But anyway lets jump right in. As you can see from the Highs of Dec. 2014, we've been in a continual price decline. Depicted by "Major Resistance trendline", that has helped propel the downtrend. We reached major Support Zone, to only break through and continue our downtrend. Till we reached our Downtrend target zone. Here i was aspecting more downside, where price action would have traveled inside this zone. This month however we have had a 45%+ bounce Up. Currently in the process of creating a BULLISH ENGULFING CANDLE. It being on the 1 Month, makes it very Powerful. Note though: This months candle closes Dec. 31st. So nothing has confirmed yet. But if on Jan 1st, we are still looking like this. This ENGULFING candle may indicate a macro trend change. We have also from last months and this months candle, confirmed a Sloping Support trendline. This showcases the Uptrend and a Higher low on the Macro scale. Notice also the 21 EMA (Purple moving average). This will continue to come down BUT it can be used as a target for where price will move to. We've also havent touched it since 2021. So probabilities dictate we will eventually touch it. So keep that in mind. A likely target if this uptrend continues is the $9.00 level. That would be a critical area since breaking above will mean continued bullishness but a rejection could mean that there maybe a probability that we go lower, possibly into the DOwntrend target zone.
DLong
by SafofAllTrades
GOLD → Bears are around. The fall may continue, but....FOREXCOM:XAUUSD is under selling pressure amid the global bull market. Earlier, the price updated the high to 2150, after which it formed a rather strong conglomerate of bearish patterns. Last trading week, the market rattled everyone's nerves. And the reason for that was the incompetence of the Fed as a structure that has a huge influence on the market. The paradox of the Fed this week was that Fed Chairman Jeremy Powell gave a strong pattern on Tuesday that they are discussing rate cuts and are ready to do so in the future. As a consequence, an aggressive reaction is forming in the market in the form of a bullish momentum of 3%. And on Friday, one of the Fed's representatives, Williams, said that they are not even going to consider this issue anytime soon. He also added that the Fed is seriously ready to raise rates if necessary. the market reacts with strong sell-offs of $300 or 1.5%. The price is testing one of the strong support areas and from the technical analysis point of view, there is a chance to see a rebound and a retest of the local resistance before a further decline. In the coming week it is worth paying attention to the following news, the data on which can also determine the medium-term outlook for the market: GDP QoQ, Initial Jobless Claims, Philadelphia FED MI Core DGO, CORE PCE Based on the fundamental data from last week, there are strong indications that we should expect the TVC:DXY to strengthen from the market opening and in the medium term. Consequently, after a small correction, gold may continue its decline towards the imbalance zones, which are obviously still of interest to the market maker. The medium-term target may be the support area below 1975. The market may test the support of the global price channel before further growth. At the moment, the priority of forces is for the bulls, as there are a number of nuances and patterns that point to this. Regards R. Linda!
OANDA:XAUUSDShort
by RLinda
24
RECOGNIZING ENGULFING CANDLESTICK Hello traders! - I want to present the engulfing candlestick pattern and will try to explain why it is important to recognize this pattern formation. - The engulfing candlestick is a crucial tool in technical analysis for traders in financial markets. It serves as a powerful indicator of potential trend reversals or continuation, providing valuable insights into market sentiment and potential future price movements. - Recognizing and interpreting these patterns can enhance the ability to spot potential trend reversals, confirm existing trends, and make informed trading decisions. However, like any technical analysis tool, it is important to use engulfing patterns in conjunction with other indicators and risk management techniques for a comprehensive approach to trading. Follow, like, and comment to see the daily/weekly content: www.tradingview.com
BITSTAMP:ETHUSD
by GoodTradeST
#AUDCAD potential bullish continuationAs you can see in the 4-hour timeframe chart, there are several different bullish confluences that we are currently observing. Firstly, the price is retesting a bullish trendline that has supported this recent bullish move since October 16th. Secondly, the price is also finding support from the 200EMA , and the price formed a nice rejection off this overlay indicator. Thirdly, we have bullish divergence between price and the stochastic oscillator, suggesting that momentum has shifted to the upside. Also, from a market structural point, the price is forming higher highs and higher lows and is currently testing the previous resistance, which has now turned into support. After observing all these bullish confluences, the price then formed a bullish engulfing candle, suggesting that bulls are active in the market. To participate in this market, there are two things that we can do. Either we can engage in this market by executing a buy order at the current price or place a buy limit order at 50% of the bullish engulfing candle, of which I prefer to use the second method.
Long
by mohemati
2
#AUDJPY potential turnaroundHello dear traders and friends. Let's take a look at the AUDJPY chart and explore the potential bullish move that could happen from around here. As observed in the 4-hour timeframe chart, the overall direction of the price is bullish , characterized by higher highs (HH) and higher lows (HL). The price respects a bullish trendline acting as support, with clear bullish bounces occurring each time the price reaches or gets close to this line. Simultaneously, in the 1-hour timeframe chart, the price is forming a double bottom , corresponding with a bullish divergence between price and the momentum (Stoch) oscillator. The crucial aspect of these two confluences is that they are occurring in an important supportive area, namely the static support area and the bullish trendline, which adds to the possibility of the divergence working out. From a candlestick perspective, we also observe the formation of a bullish engulfing candle in the 1-hour timeframe, which can be interpreted as a morning star if combined with two previous candles. If you've found this analysis helpful, please take a moment to like, comment, or share your thoughts with me.
Long
by mohemati
9