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Gravestonedoji

E-mini gravestone!So, all last week the hype, and what was keeping the pumpers pumping, was good news on the trade war front. The news - talks would resume, and China would not immediately retaliate. But, there were 2 key words in there that the bulls didn't want to think about: "talks" and "immediately." Talks would resume - So what? They've never really stopped "talking." China would not "immediately" retaliate - So what? They didn't say the would never retaliate, they just said they wouldn't right now. The other key piece to all this, and what the pumpers were failing to mention, was that Trump's tariffs on $125 billion would still go into effect on September 1... and yep, they went into effect right on schedule. This trade war has NO end in sight. Face it! The volatility will continue. Technically speaking, the e-mini made a gravestone candlestick right at huge resistance on the daily chart. And, it actually looks as if another gravestone is forming today. But, the gravestone that formed during the last daily period, was on big volume. It was noticeably more than previous periods. Sure, the gravestone (therefor the volume) was green... BUT, think about what happened with it: The bulls shot the price up to resistance and couldn't hold, and the bears stepped in, taking control, and pushing price all the way back down. Don't forget, this key level of resistance sits right at the 61.8 Fibonacci level. I see two options for this week: 1) We simply move down to retest the bottom of the ascending triangle. Or, 2) we break through that and retest the bottom of the entire consolidation range. From there, either option 1 or 2, I am unsure at the moment. The way I trade is day by day. I do not worry about next week or the week after. If I have a trade open that I think I can ride further into the profits, I will. But I don't worry about that until the time comes. My moto with charting is SIMPLICITY!! No need for a chart to look like a laser show.
CME_MINI:ES1!Short
by Bankuur
1
Boeing Gonna Have A Hard Time Flying...BA I believe is gonna have a hard time moving up through multiple resistance areas. As seen in previous post (linked) BA printed a bearish reversal sign candle in the Gravestone Doji. In trading this candle, the sell signal is the price closing below the LOD for the doji, which occurred today. Backing out a bit, you can see the loss of an uptrend support line, the retrace back to it, and the rejection in the form of the Gravestone Doji. Also, there is a downtrend channel resistance line, and the 125 moving average that will all likely act as forms of resistance to further gains. Stochastic has crossed over bearish as well. We are all aware of the fundamental problems with the 737, but now that the techs are turning bearish it looks to me like a good time to get your money in short with BA. I like the Sept 6th P330, currently available for about 120 bucks per contract. Trade negated at BA 366. Happy hunting and GLTA!!
NYSE:BAShort
by UnknownUnicorn1314136
BTCUSD 1 hourHello, The green 1 on the TD sequential setup phase looked promising when it went above the green 9, indicating that we could accelerate the 13 countdown phase to the upside. Unfortunately, this candle was also a perfect gravestone doji. Candle shape overrides TD sequential. We are still above the cloud, however, the baseline of the ichimoku crossed the conversion line, indicating the close of the long. The 50h MA provided perfect support and the 128h MA is providing very strong resistence. If we can consolidate at current level, we can start attacking the 128h MA, brake it to the upside, and flip it from resistence to support. Best regards, Alexandre Simões
BITSTAMP:BTCUSD
by alexandrejosesimoes
CADJPY - Gravestone doji at Resistance! - Low Risk SetupCADJPY, along with most other JPY pairs are calling for pullback after rallying last week. After reaching an intraday high of 87.45, the pair retreated near its opening level at 87.15 forming a gravestone doji at a daily resistance area. We now look to short the pair at around 87.15-25, with SL at 87.45-87.55 Lower timeframe chart will be posted in the update section. Feel free to comment and please support with your like!
Short
by AngelaFTrading
Nifty Forming Gravestone Doji - Indicating Change In TrendOn weekly Chart, it is been observed that there is a formation of Gravestone Doji candlestick that indicates bearishness. It forms in uptrend market to suggest change in trend. As showed in the chart, Nifty is been trending up forming new upside breakouts and waves for a while, it is been now observed with a Gravestone Doji, that indicates change in trend or "Party over for bulls" for a short time. Gravestone Doji : 1. Formed when opening and closing price are almost equal. 2. Long upper shadow suggests that buying pressure was countered by high selling pressure, rejecting higher prices 3. This candles indicates turning point of a trend, known as bearish reversal candlestick In all, bulls pressure to take prices up has been completely rejected by sellers waited at resistance, indicating change in trend.
NSE:NIFTYShort
by NeeteshJain