Get started

Engulfing Candle

Gold Leaves Behind Bearish Engulfing as Fed Push Losses SteamGold prices dropped almost 2 percent on Thursday, the most since the summer of 2020. XAU/USD was unable to find follow-through after a boost from the Fed earlier this week. Upbeat US jobless claims brought data into focus ahead of Friday's non-farm payrolls report, pushing up the US Dollar. A Bearish Engulfing is in focus. Downside follow-through is lacking at the time of publishing. A breakout under the 20-day Simple Moving Average exposes the 50-day line. Negative RSI divergence is also present, showing that upside momentum is fading. Otherwise, key resistance is the 1978 - 1998 zone above.
FX_IDC:XAUUSDShort
by QM_Dubrovsky
1
XAU/USD Possible BreakdownHello friends. I saw a Strong Trendline Breakdown in Gold and Decide to share with you my opinion. I think Gold is in Overbought Area and It will record some correction in coming days. So i have some reasons for my opinion: 1-In Daily chart we can see a strong Bearish Engulfing candle (as you see in picture below) 2-in Daily chart we can see a Divergence Between RSI and Price in Overbought Area (as you see in picture below) 3-A Strong Bullish Trendline Breaks down in 1H. 4-We reach an important Resistance near the last High and psycological level of 2000. so for this reasons i think Gold experience a little correction in coming days. I think Gold will reach targets like 1900 an after that 1880. I hope you like my idea and i will be happy if you share me your opinion too. Thanks for reading my idea. Just dont forget to set a good Stoploss and enter a trade with at least 1:1 R/R.
TVC:GOLDShort
by TraderAmin-KZ
2
Stochastic + RSI + MACD zero cross strategy from backtest on SPYStrategy 1. Stochastic cross at 50 level 2. RSI cross at 50 level 3. MACD cross at 0 level 4. Engulfing Candlestick? 5. Level 2 Tape sentiment balance (Optional) Technical Analysis It's a simple technical analysis setup strategy for bullish or bearish trading setup in both bullish and bearish sentiment scenarios. All levels in the indicators are at standard default settings. Step One: Look at the Stochastic indicator cross at 50 level and a cross over the signal line. This will be the first check and we want the cross to occur at the 50 level. Step Two: Check the RSI and need a cross at 50 level. This is the second confirmation. Step Three: Check the MACD cross and it's best to wait for the cross to happen at the zero line. This has a lower instances from occurring but it helps to avoid fake-outs that MACD is prone to showing. Step Four: Look for an engulfing candlestick pattern in the chart for a final confirmation. Step Five (Optional): If you have access to Level II quotes and the Time&Sales, watch for a momentum into the Ask side for a bullish sentiment or the Bid side for a bearish sentiment. Also you'll need to be familiar with tape reading on the volume and speed for better entry or exit.
AMEX:SPYEducation
by ashpat86
Trading Series – The ManagementMost of us will spend about 90% of our time thinking of what to buy and at what price we should get in. In fact, that is only 10% of work done. Focus on this scenario instead - “After getting into a position, how are we going to manage it with either a calculated loss when market go against us or how should we take profits when market perform better than our expectation? As usual we will do a few case studies on how I manage my positions for this year. Today’s content: 1. 90% of us – Spending too much time on “Getting in” 2. Steps to manage our trades after an entry? If you have been following, today’s is the 7th tutorial in our Trading Series: 1. “The buy strategy” 2. “The sell strategy” 3. “Developing long & short-term view” 4. “Choosing between the time frame” 5. “The entry” 6. “The exit” 7. “The management” Example 1 Micro E-Mini Nasdaq Futures Minimum fluctuation 0.25 point = $0.50 1 point = $2 10 points = $20 100 points = $200 1,000 points = $2,000 Example 2 E-Mini Nasdaq Futures Minimum fluctuation 0.25 point = $5 1 point = $20 10 points = $200 100 points = $2,000 Disclaimer: • What presented here is not a recommendation, please consult your licensed broker. • Our mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and a bolder risk when opportunity arises. CME Real-time Market Data help identify trading set-ups in real-time and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com
CME_MINI:MNQ1!Short
by konhow
Ethereum Confirming the Bearish Breakdown to $168.81Last week i posted about this Potential BAMM and Bear Flag Breakdown on ETH that would take us to the 1.618 Fibonacci Extension if real and now this week it looks like we are confirming the BAMM Trigger Line as Resistance as the Hidden Bearish Divergence Continues on the MACD. We have a Bearish Engulfing on the Monthly and just recently closed the Weekly below the POC as well as triggered tthe CAI. I think this gives great reason to believe that ETH will be coming down to lose 88% of it's value meanwhile other coins like XMR, XRP, and LTC will significantly gain in ETH Value.
INDEX:ETHUSDShort
by RizeSenpai
1
"Biting Point" Signal in Every Turn for 2022Stay-tune for the video version shortly, we will do more in-depth study. Micro E-Mini Nasdaq Futures Minimum fluctuation 0.25 point = $0.5 1 point = $2 10 points = $20 100 points = $200 Disclaimer: • What presented here is not a recommendation, please consult your licensed broker. • Our mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and a bolder risk when opportunity arises. CME Real-time Market Data help identify trading set-ups in real-time and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com I hope this tutorial will be helpful, in enabling you to read into the market with greater clarity.
CME_MINI:MNQ1!Short
by konhow
1
Nice SPY trade todayTook a nice SPY trade today, will be posting another video of all the other trades I took as I made about 5% profit today from my total account balance. Not too bad if you ask me. If you wanna just see why I entered here it is: close above 200 EMA and 50 EMA increasing volume heading into point Also this close was above the 5 min 14 EMA resistance and 14 EMA resistance on 15 min previous candle on 15 min was engulfing with more volume at a key support and bounced off 50 BT cloud flip on 5 min as well
AMEX:SPYLong
by kaiz3nfx
RBLBANK - Bullish Engulfing Reversal NSE: RBLBANK is closing with a strong bullish engulfing reversal candle. Today's candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days. One can look for a 8% to 11% gain on deployed capital in this swing trade. The view is to be discarded in the event of the stock breaking previous swing low. #NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade Disclaimer: This is for educational purposes only.
NSE:RBLBANKLong
by BrahmaBull31