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Eveningstardoji

BluetonaFX - EURUSD Potential Evening Star OpportunityHi Traders! There is a potential Evening Star pattern forming on the EURUSD 1D chart, which suggests to us that the bullish momentum over the past week is possibly slowing down. We have highlighted on the chart the doji candle that formed this past Friday, which is a warning sign that the momentum has run out of steam and bulls might start profit-taking on their long positions. For the evening star pattern to complete, we are looking for a confirmation signal, which is a break and a close below the doji candle at 1.12041; we must get this as this will be our confirmation for entry. The RSI indicator value is currently around 74, which also suggests that the market is possibly overbought and momentum is slowing down. If we get this, we have an exit target at 1.11110, so this is a fantastic risk-reward setup. As we are against the trend, stops should be tight; if the evening star pattern fails and the bullish momentum continues, then we will look for buying opportunities to the upside. Please do not forget to like, comment, and follow, as your support helps us greatly. BluetonaFX  
by BluetonaFX
4
TSLA: Bear Trap.• The rally persists on TSLA, and today, it almost rejected completely last week’s Evening Doji Star candlestick pattern; • In order to reject this bearish pattern / top sign, TSLA has to break $214 – today it hit $213.98 - and in this case, TSLA would trigger a Bear Trap (a complete rejection of the previous bearish sign after triggering it); • We are almost there, and TSLA still could break it – but it must not take too long, otherwise, the market may see a possible Double Top in this area; • What could make TSLA correct from here? If it loses the purple trend line seen in the 1h chart. Only then the bullish bias will get weaker; • So far, there’s top sign, and no clear bearish structure on TSLA, but I’ll keep you updated on this. Remember to follow me to keep in touch with my daily analyses!
NASDAQ:TSLA
by Nathan_The_Finance_Hydra
23
TSLA: About to Continue the Bullish Rally.• Since TSLA did its top sign last week, it lost the $200 support and it has been correcting; • For now, there’s no meaningful bullish reaction indicating that this pullback is over; • In order to completely reject last week’s top sign (Evening Star Doji), TSLA must break $214, the Star’s high; • The next technical support is at $182, and TSLA still could get there, if we don’t see a clear bullish reaction first; • The $200, our previous support, is a possible resistance now. If TSLA breaks it this week, we might see a promising bullish reaction ahead; • I’ll keep you updated on this. Remember to follow me to keep in touch with my daily analyses!
NASDAQ:TSLA
by Nathan_The_Finance_Hydra
6
TSLA: Did a Top Signal.• TSLA is doing a top sign, and it is showing some weakness; • Since TSLA is losing the $200, and it did a top sign, the next technical stop is the $182; • The last 3 candlesticks form what appears to be an Evening Doji Star, which according to Bulkowski’s studies, works as a bearish reversal 71% of the time; • Therefore, a correction wouldn’t be surprising, especially when we realize how far TSLA is from its 21 ema right now. The mid-term bias is still bullish, despite the possible correction. In this scenario, any bullish reaction above a clear support (the $182, or even the 21 ema) would be just an opportunity to buy, as the bias would still be bullish, and the Risk/Reward Ratio would be very good; • I’ll keep you updated every day on this. Remember to follow me to keep in touch with my daily analyses!
NASDAQ:TSLA
by Nathan_The_Finance_Hydra
2
XAUUSD Evening Star DojiAn emerging Evening Star Doji is forming at 4 Hours timeframe for XAUUSD (Gold). If the pattern completes, this would indicate a bearish reversal for gold. If you aren't too sure, I would advise you to wait it out. Follow the pattern closely until the end of the fourth hour for the current candlestick. If the pattern lines up, meaning one bullish candlestick, followed by an indecisive candlestick, followed by a bearish candlestick, know that it is a perfect entry spot for traders to go short.
FOREXCOM:XAUUSDShort
by sohrabkhanlive86
EUR/USD down trend reversal.A three inside up candlestick formation was completed on August 23rd, on the daily chart, signaling a possible reversal. Later on September first after some nice upward movement, again on the daily chart, the Lux Algo flashed a strong buy signal. A day later on the second a somewhat contradictory signal flashed, the completion of a sell setup on the TD sequential. If we have in fact started a new uptrend I believe this sell signal from the TD sequential will only lead to a small correction. The correction seems likely since the formation of an evening star pattern is currently in the works, though we will still need to wait and see where the August 6th candle closes.
Long
by biscuitbuns23
Bitcoin Long-term Analyze (Monthly Time frame)📆Today, I want to speak about Bitcoin's Long-term Analyze ( Monthly Time frame). First, For long-term analysis , it is better to use logarithmic charts (Do not forget, if you want to use fibs , you have to turn on Fib Levels based on log scale ). I was able to find 4 Major pivots on the BTCUSDT chart, these pivots were able to make a Symmetrical Triangle . Also, around 65761$ I found == Bearish Deep Crab Harmonic Pattern + Bearish Doji Evening Star Pattern ( it can verify our harmonic pattern / This pattern can make reverse or range on charts) + yearly Resistance 3 For finding the Next Major Pivot, first, we have to know the rules of Major pivots . If point D of our harmonic pattern wants to be a major pivot, the price must return at least 38.2% of point C to D (This rule makes Scenario 2 ) OR price has to rest ( at the time ) at least 38.2% of point C to D (This rule makes Scenario 1 ). In addition, I found one circle on the Monthly Time frame . BTC wants about 13 months or one year to start the next bullish movement . This circle will happen again? 🧐 As I said, I have two Scenarios : Scenario 1 : BTC will run between 30000$ until 40000$ ( Range channel ) for at least about 2 months and 22day (If Point D wants to be a Major pivot/ Time Retracement ) OR Maximum until May 2022 😱. I think that after this correction price can go UP 80$k-91$k // 104$k-107$k // even 130$k-140$k . Scenario 2 : BTC will go down until 22000$ - 19900$ (If Point D wants to be a Major pivot/ Price Retracement ). I think that after this correction price can go UP 81$k-871$k // 119$k-128$k . My Suggestion : please DO NOT buy Coins for Midterm and Long-term investment until the market finds a way. Do not forget to put Stop loss for your positions (For every position you want to open) Please follow your strategy , this is just my idea, and I will be glad to see your ideas on this post. Please do not forget the 'like' button :) & Share it with your friends, Thanks, and Trade safe. Good luck
by pejman_zwin
24
PLUG: Key Points to keep in mind!Hello traders and investors! Let’s analyze PLUG today! I never did a public analysis about it, so, it’ll be my first time here. First, we have a quite strong bull trend in the hourly chart, and we have some key points to keep in mind. The black line is an interesting point, as it was a resistance in the past, and a pivot point , so it is a good support candidate if PLUG corrects. Also, we have the 21 ema pointing up, which is another good sign. We have a classic Breakaway Gap , which was the trigger of this movement. This tells me that the bull trend will persist a little longer, but we can’t discard that it’ll do pullbacks in the future. If you are afraid of a pullback, just look the daily chart: Ok, so we can see the $ 46.95 from here too, but if PLUG loses this point and drops more, we’ll have a strong support area near the purple line region and the 21 ema. If PLUG hit there, I think this would be just an opportunity to buy (or buy more). I know we may have an Evening Doji Star candlestick pattern if it closes this way, but again, if triggered, this would be a pullback sign, not a reversal sign. Another thing to keep in mind is the high volume during this bullish leg, which is another good sign. This bull trend is real, so, pullbacks shouldn’t scare anyone around. If this movement had low volume, then it would be just speculation. Remember to support this analysis if it helped you and follow me to keep in touch with my daily studies. Thank you very much.
NASDAQ:PLUG
by Nathan_The_Finance_Hydra
5
ETH possible breakout: Evening Doji Star on 4HRWick-to-wick, ETH broke out of a sideways pennant after an Evening Doji Star gave the trading range. Important notes: Evening Doji Star & Pennants Closest thing to probably get to an EDS on the 4hr timeframe. The close of the Doji is 5 cents below the close of the bullish candle (a strict definition would make this invalid however 5 cents is 0.03% of the bullish candle's closing price, I'd say close enough), and the close of the bearish candle ($185.66) is below halfway open-to-close of the bullish candle ($186.65). A bullish breakout on an Evening Doji Star averages a 6.20% up (usually on larger time frames like daily, and over 10 days [ see resources above ]) which places the price from the open of the breakout candle at $200.09 (hmmmm). RSI and MACD could flash bearish divergence, possibly high-risk in short-term, MACD is crossed bullish on weekly chart. The pennant was also accompanied by decreasing volume. I'm leaning slightly bullish, but still weary of a fakeout (hence the neutral investment strategy). Open of breakout candle: $188.41 Target: $200 Secondary Target: $206 (top of channel ETH has been trading in since Mid-march) SL: $185.97 (I usually trade by Heiken Ashi rules, placing stop loss at the wick of the previous candle ) Full Disclaimer: This is not financial advice. I am still a novice at trading and I have begun to take the time to learn candlestick patterns and general TA/drawings. My go to for trading used to be indicators however I've been burnt many times relying on this so I've decided to further my understanding of the markets. I understand cryptocurrencies are going to play a major part of the future of finance, and I am currently a senior in college for a BS in Computer Science (I don't think crypto cares about that though).
COINBASE:ETHUSD
by SolCollector
1
Potential Evening Doji star patternWith an all technical perspective, the spy has formed three tops within the last 6 months with less bullish sentiment. On a weekly chart we can see spectacular RSI Divergence and a Doji Star. I think this is a very good risk/reward scenario for considering a short position in spy. The Entry Could be around the close of the doji and a stoploss if it breaks above the doji. If you want to be more patient, then wait for the weekly confirmation of an Evening Doji star pattern. Potenital target around the monthly pivot point of 260.
AMEX:SPYShort
by UnknownUnicorn2034381
1
Only A Retracement? or is The BTC/USD Moving back to Bearish?This Evening Doji Star is a reversal candlestick pattern, The uptrend continues with a large green body. The next candle opens higher, trades in a small range and then closes at its opening (Doji). The last candle closes below the midpoint of the body of the first candle. We can see this pattern now on the 1W chart, although in the long term the price returns to being bullish after the last three-month rally, It seems that the price is about to have a technical correction before continuing on the bullish momentum. the Evening Doji Star is the signal for a retracement possibility. On the 1D chart, we have another confirmation which is the fresh supply above and that supply is where we should sell BTC/USD. Meanwhile, the price compressed upwards toward the supply above and it indicates that this upward movement is powerless. This is exactly what we prefer before selling. There are two demands below – the one at the bottom is the source of the last three-month rally and it will be the final destination. If the price reaches that demand at the bottom (number 2 on the picture), we can buy there in order to continue the long term bullish momentum. The demand below (number 1 on the picture) will be the correct level to close part of the position.
BITSTAMP:BTCUSDShort
by the5erstrading