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Engulfing Candle

AMC: 2 key points and 2 strategies you can use!Hello traders and investors! Let’s talk about AMC again! Since it hit our target, about two weeks ago, it has been moving sideways, and movements like this are frustrating, yes, but we have some very nice key points to keep in mind. First, in the 1h chart, we still have a key point at the green line, around $ 11.52, which is the same key point we mentioned in our last study ( link to my previous analysis below). And we have the red line at $ 8.95. Probably AMC will keep trading sideways for some time, but we have two scenarios to work with if we see a breakout from these lines: Since we have a congestion , it can break in any direction. But we have some targets to work with in whatever direction it breaks. By defeating the green line, the next stop will be the blue line at $ 14.54 , then the last target would be the $ 20.36. We have a Bullish Engulfing , that almost reversed the trend, but I wasn’t convinced by it, and the reasons are in our last AMC analysis. All I can say right now is if it loses this pattern’s low, meaning, the $ 8.95, then the $ 5.22 is the next target for the stock. The volume is too low, but if AMC reacts near the support at $ 8.95 it could trigger another buy sign, as the R/R ratio would be very good. Either way, let’s be prepared, and if you liked this post, remember to follow me to keep in touch with my daily studies, and please, support this idea with your like! Thank you very much!
NYSE:AMC
by Nathan_The_Finance_Hydra
2
$ASTC Astrotech Corporation operates as a science and technology development and commercialization company in the United States. It operates through two segments, 1st Detect Corporation and AgLAB Inc. The 1st Detect Corporation segment manufactures explosives and narcotics trace detectors for use at airports, secured facilities, and borders. This segment provides TRACER 1000, a mass spectrometer based explosives trace detector to replace the explosives and narcotics trace detectors used at airports, cargo and secured facilities, and borders. The AgLAB Inc. segment develops AgLAB-1000, a mass spectrometer for use in the agriculture market for process control and the detection of trace amounts of solvents and pesticides. It also develops BreathTest-1000, a breath analysis tool to screen for volatile organic compound metabolites found in a person's breath. The company was formerly known as SPACEHAB, Inc. and changed its name to Astrotech Corporation in 2009. Astrotech Corporation was founded in 1984 is based in Austin, Texas.
NASDAQ:ASTC
by UnknownUnicorn19246015
NIO: These patterns might reverse the trend for good!Hello traders and investors! Let’s talk about NIO today! This stock dropped a lot in the past 2 months, but is there any reversal sign ahead? As a matter of fact, yes, and I’ll present you the key points to watch. In our last study, last week, I explained to you why I didn’t believe that this sell-off on NIO wasn’t real, and I really recommend you read my last analysis in order to understand the logic of my argument ( link to it is below this post, as usual). Now, NIO is reacting very well, and it already engaged a bull trend in the 1h chart. We have higher highs/lows , and the 21 ema is pointing up again. What’s more, NIO found a support level at this Dual-Support Level made by the 21 ema and the $ 38.73. As evidenced by the blue squares, it did two bullish candlesticks patterns here: A Harami and a Bullish Engulfing. This is good news, but to ultimately reverse the trend, there’s one last thing NIO must do, which is defeat the pivot point at $ 42.05 (orange line). In the daily chart we see better why this is such an important point: If NIO triggers this pivot point in the 1h chart, NIO will also defeat the 21 ema in the daily chart for the first time since it started dropping, two months ago. And there’s a good chance it’ll reverse. In addition, yesterday’s candlestick was quite bearish, but the volume was too low, indicating a false movement. If NIO triggers this pivot point, the next target will be the black line at $ 46.28, and this is another very important point because it is the trigger of this huge Double Bottom pattern, which could lead NIO to the $ 67 again. Unlike my last analysis, now we have some promising signs, but we must wait to see if they will be triggered. And if you liked this analysis, remember to follow me to keep in touch with my daily studies, and please, support this idea with your like! Thank you very much!
NYSE:NIO
by Nathan_The_Finance_Hydra
14
TSLA: These patterns could trigger a Reversal!Hello traders and investors! Let’s see how Tesla is doing today! First, in the 1h chart, we see something that could look like a Round Bottom , which is a pattern that I don’t like to trade. It seems we never know we are doing a Round Bottom for sure, until the pattern is almost done. Either way, the $ 645 was the Key Point , as we discussed in our last study (link below). Now that Tesla is trading above it, we may see a pullback to this level again, which is quite close to the 21 ema as well. This movement would be natural and wouldn’t ruin the bullish bias seen here in the 1h chart. Now, let’s see the daily chart: Ok, Tesla didn’t trigger the Piercing Line pattern we discussed last week. But today it triggered yesterday’s Bullish Engulfing , which is a good buy sign. The volume seems to be increasing again, but there’s one problem. The 21 ema is here to offer a resistance. But if everything moves according to this Multi Time Frame Analysis ( MTFA ), the 21 ema in the daily chart could be the perfect excuse to TSLA drop to the support level we mentioned above, in the 1h chart. This could create a complete bullish structure and make TSLA reverse the bearish bias. Let’s see how TSLA will behave now, and if you like this analysis, remember to follow me to keep in touch with daily studies! And remember to support this idea with your like before you leave! Thank you very much!
NASDAQ:TSLA
by Nathan_The_Finance_Hydra
5
AMC: What if it reverses? Some scenarios to work with!Hello traders and investors! Let’s study AMC again! Since our last analysis, AMC hit our target at $ 9.93, and it almost triggered the Harami pattern we discussed, which could’ve worked as a great reversal pattern. I do weekly public analyses about AMC, and the link to my last analysis is below this post, as always. Let’s see how it is doing now. Ok, it didn’t give us a buy in our last analysis, but AMC did a nice buy sign when it did the Bullish Engulfing evidenced in the chart. Good candlestick pattern, with nice volume, but it still not enough to impress me. Now it seems it found a support level at the black line again. If MC loses this black line, probably it’ll retest the Bullish Engulfing’s low again, and if it loses it, then it’ll seek lower supports, seen only in the daily chart . But before we talk about the daily chart, it is important to notice that AMC has a pivot point at the red line ($11.52), and if AMC breaks it, the $ 14.50 is the first target to work with, and probably the Breakaway Gap will help the price to hit there. Remember: Gaps work as magnets. Now, the daily chart: AMC did another Bullish Engulfing in the daily chart as well, closing above the 21 ema, but this pattern appeared in the middle of nowhere. If this pattern appeared near a support level, I would be much happier. The problem is, if AMC loses the engulfing’s low (both, 1h and 1d charts are the same), the next target will be the $ 5.22 . But if it triggers the pivot in the 1h chart, the $ 14.50 is the first target, but AMC could seek the $ 20.36 as well, depending on the strength of the movement. Although AMC didn’t trigger any buy for us (not one that I find good enough, at least), I agree that the R/R ratio is good, and AMC could fly again. But it is too soon to buy it. And we’ll keep AMC on our radar! If you liked this idea, remember to follow me to keep in touch with my free analysis, and if it helped you, remember to support it with your like! Thank you vey much!
NYSE:AMC
by Nathan_The_Finance_Hydra
10
[LONG] The Power of the Bullish Engulfing Candle on the DailyAs you can see, daily candles are a solid indicator of price movements and market sentiment. In each of these instances, bears were able to push the price down to form either a double bottom or golden-zone retrace on the fibs. From here, buyers stepped into the market and made a statement of intent with massive buying pressure – as indicated in these daily bullish engulfing candles. These candles can be used to signify a change in the trend direction and signal to other traders that there is strength in the market. The most recent daily bullish engulfing candle on 26th March painted a bullish marubozu, meaning price closed on that candle at the highest point of the day. This is an even stronger signal to traders that bulls have reclaimed control of the trend in the short-mid term. This, coupled with the daily hidden bullish divergence on BTC/USD, has me thinking we will see a $70K Bitcoin in the not-so-distant future. DYOR – not financial advice.
BITSTAMP:BTCUSDLong
by conorg93
GE: Some patterns you should be aware of!Hello traders and investors! Let’s talk about GE again! As we discussed in our last study, GE reacted quickly and denied the bearish pattern seen in the hourly chart of an Island Reversal , and it filled its gap. As usual, we have some congestion now, but only after it stressed the 21 ema in the daily chart. Also, if you missed my previous analysis on GE, the link to it is below this post, as usual. Now, in the daily chart, we have an idea of a H&S chart pattern, but it wasn’t triggered yet. In fact, if GE denies this pattern and defeats the last “shoulder” by trading above its high, probably we’ll see a continuation of the bullish momentum. Today, we had a classic Bullish Engulfing candlestick pattern, which has a good chance of working as a reversal in the next few days. Now, to the weekly chart: It is natural to see some exhaustion signs, after all, GE just hit an important resistance level at the green line (the high before the Covid’s crash), and it is far from the 21 ema. We had a Bearish Engulfing 2 weeks ago, which wasn’t triggered as well, so, GE is just moving sideways, and this is a nice sign, as crazy as this sounds . When a stock goes up too fast, it must rest a little bit, but when the stock rests while moving sideways, it means the buy force is still present, then we have a sideways correction – or as I like to call, Time Correction . So, let’s not be frustrated or surprised if GE keeps trading sideways until the 21 ema hits the price. Meanwhile, let’s keep studying it, and if you liked this analysis, remember to follow me to keep in touch with my daily studies, and support this idea with your like if you’ve read this far! Thank you!
NYSE:GE
by Nathan_The_Finance_Hydra
US10 Y - TREND REVERSAL IN PROGRESS...D1 : Recent price action is showing a trend reversal in progress. Indeed, last Friday a "doji" (uncertainty and indecision) took place which has been followed yesterday by a bearish engulfing pattern ! Today's ongoing price action continue to move to the downside. Watch carefully the Tenkan-Sen or Conversion Line, currently @ 1.6140 as the first important support and last but not least, at the MID BOLLINGER BAND, "T H E L E A D I N G I N D I C A T O R", currently @ 1.5620 as a pivot level for the ongoing session (s) If you find my analysis valuable for your trading, please do not forget to like and follow me Have a nice trading day All the best Ironman8848
TVC:US10Y
by Ironman8848
2
ZOM: Key Points we must keep in mind for the short/mid-term!Hello traders and investors! Let’s talk about ZOM today! It’s been a while since my last analysis, so we have some points to update. And if you missed my last public analysis, the link to it is below, as usual. First, ZOM reversed the short-term bull trend that we discussed in our last study, shortly after a breakout of a key point at $ 2.34. Now the trend is bearish , as we have lower highs/lows, and the 21 ema is pointing down. Today, it lost the support level around the $ 1.94 (red line) by doing a gap. If this gap is going to be filled in the next two days, it could be an Exhaustion Gap , and work as a reversal pattern for ZOM. Now, let’s see the daily chart: In the daily chart the situation is not as horrible as it looks like in the 1h chart, as ZOM is clearly still inside a congestion . As it is normal in congestions, the price could seek its base and the situation would still be under control. Meaning, ZOM could hit the $ 1.48 again, and this would be a buy opportunity. Another point worth of noticing is the low volume , which indicates that this is not a real sell-off. If it were, the volume would be higher. ZOM did a false breakout from the $ 2.25, which was the key point we discussed in our last analysis, as it closed above it, then in the next day it did a classic bearish engulfing , which pushed the prices down. Now, ZOM needs another clear pattern to reverse the bearish bias, and make it retest the $ 2.90 again. A ny good reaction, with good volume will do. I like the fact that the bullish candlesticks have higher volume than the black candlesticks, on average, in the last few days. This could indicate a possible rally next; we only need some confirmation. And remember to follow me to keep in touch with my daily studies and updates on stocks, and if you liked this idea, remember to support it with your like! Thank you very much!
Z
by Nathan_The_Finance_Hydra
4
Waiting for a SELL on CADCHFI think CADCHF on the 4hr timeframe is going bearish for a while. And my confluences are: *Double tops reversal pattern (bearish signal) *Rested of the neckline(healthy chart pattern). *Normal divergence (change of trend signal); you can check out the divergence yourself. And the last confluence would be the entry reason; A bearish engulfing candle( bearish signal). Stop loss is 1ATR above the high of the engulfing candle Take profit is the next structure. Feel free to criticize my analysis, we are all learners. 'Do not blindly buy CADCHF based on my confluences and do not enter the trade if my analysis is against yours.'
Short
by T-B-X
BTCUSD - D1 - DOUBLE TOP IN PROGRESS...D1 : After having reached the triangle formation target of 58058 and making an intraday high yesterday @ 58155 profit taking pushed down the BTC towards a low so far of 56632. Looking at the global picture in D1, we can see a potential double top formation in progress (58354 & 58155). Usually, the second top should be higher than the first one but some tolerance could be accepted. Therefore, I would strongly suggest to watch very carefully the ongoing price action during the day. Indeed, a failure to stay and close above the first significant support of 55918 (middle level of yesterday long white bullish candle) should be seen as the first signal of a potential trend reversal as such kind of price action would trigger a BEARISH ENGULFING PATTERN. Moreover, technical indicators are not for the time being, showing great support and conviction, for a continuation move on the upside. Watch carefully ongoing price action in the coming hours, on shorter time frames, H4, H1 and M15 to get early signals of validation or invalidation of this potential trend reversal formation. On the other hand, a new high closing above 58354 (Feb 21st) would invalidate for the time being the above potential bearish scenario in opening the door for higher level towards 61075 (Fib proj 50%) ahead of 65575 (Fib proj 61.8%) Have a nice trading day and have fun All the best Take care Ironman8848
BITSTAMP:BTCUSD
by Ironman8848
4
PLTR: Complete Analysis (Hourly/Daily/Weekly charts).Hello traders and investors! Let’s see how PLTR is doing today, and do a complete Multi Time Frame Analysis (MTFA) by looking at the hourly, daily and weekly charts! This stock dropped sharply in the past few weeks, but right now it is doing something interesting. For the first time, it is breaking the bearish bias seen since it started its fall around the green line ($ 37.95), as we see higher highs/higher lows. This movment is natural, and not surprising at all, as we already discussed in my previous analysis, last week ( link below). What’s more, the 21 ema is pointing up, and the price is above it. We can assume it’ll reverse the bearish sentiment seen in the daily chart as well. The bias is still bearish in the daily chart, but if the 1h chart persists in its bullish sentiment, then the trend will eventually reverse in the daily chart too. What are the main challenges PLTR has right now? First, the 21 ema, which might offer resistance today or tomorrow. Second, the volume is still quite low, so, looking at the daily chart some people might not be entirely convinced by it. Aside from that, if PLTR keeps trading at this level until the end of this Friday, the weekly chart could be very interesting: At any moment the bears could make PLTR trade under the 21 ema and the 61.8% Fibonacci’s Retracement , and this is interesting. Clearly, this combination makes a very strong support level. In fact, PLTR did a very powerful Hammer candlestick pattern last week, with a nice shadow under the candlestick’s body, a good thing when we talk about Hammers. And this week we have a Bullish Engulfing (so far), making the situation quite bullish. Now, the 50% retracement may work as a support, but I believe the 38.2% level is more interesting, as it is exactly at the same price level where it would fill a gap. If you liked this analysis, remember to follow me to keep in touch with my daily analyses, and please, support this idea with your like! Thank you very much!
P
by Nathan_The_Finance_Hydra
12