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Fallinggap

AMD ---- Shootng Star, Falling Gap & Upper Cross - Two Shooting Star candlestick patterns appear on Sep 13 and Sep 15. A shooting star denotes price drop is on the way, but need a confirmation that appeared on Sep 17 in this case. When Shooting Star emerge on top of the wave meaning possible price reversal, but if in the mid of the wave the fall is likely to continue but rather stop sooner. - The Upper Cross on Sep 20 following a Falling Gap near the support at $102. Upper Cross actually is a variant of the Long Leg Star, but the opening and closing prices are on a higher level. Even though it denotes the calming of a market situation, it still clings towards an upward no matter whether on top or bottom of a wave.
NASDAQ:AMD
by stalfin
Looking to short USD/JPYFX:USDJPY The rate has been trending down since the start of the year and at the moment seems to be working on a descending triangle with a base at 112.55. I will be looking at the falling trendline resistance which is also a resistance created by the falling gap. If we get a rejection here we’ll have a good risk reward for a short term downside trade to target the base and look for continuation even further down below. If we get a break above 114.60 it would invalidate my immediate bearish bias and I would start looking at this as a double bottom formation with a neckline at this area around 115.40.
Short
by TradeItSimple