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Hammercandle

$TMUS Weekly updated T Mobile swing trade working, JAN 120calls up 18% now . Should have loaded more after hammer candle but had plenty of risk on already. Momo turning with weekly MACD ready to cross (bullish confluence). Want to see continuation and EMAs to cross, also need to chew through overhead $124 supply. If this holds will expect another leg up. Been anticipating a "NKE like" move since NOV. Good ER and plenty of tutes buying thinking Q4 - Q1 2022 ripper. $124 first PT then see how price action is at that level. Trade remains valid so long as higher lows are put in.
NASDAQ:TMUSLong
by FriscoTrades
Learn To Trade Technical Analysis Hammer & Shooting StarHey Traders today I wanted to go over what I believe is one of the best ways to trade any market with Japanese Candlesticks using hammers and shooting stars. Normally you want the wick of the candle to be at least twice the size of the body of the candle. Alot of times they can lead to explosive moves in the markets. So lets dive in and see how to use this powerful technique in your trading arsenal. Enjoy! Trade Well, Clifford
Education
by TradeTheIndex
5
Observing Stock Market with Yearly CandlesThis is an Observation i am making of regardless of if i am right or wrong about it. SPX printed a Beautiful Hammer candle : As Very bullish Hammer Candle was printed by SPX so that means Should we really expect a huge pullback or drop/crash in near term future ? I think not. Highly unlikely. One factor why This Supercycle Wave 5 of SPX is not finished or has plenty room to run is because of Duration of Wave 5 is nowhere near comparable to Wave 1 and Wave 3. Wave 1 and Wave 3 have spend 52 Years in Wave 1 Bull cycle and 58 Years in Wave 3 Bull Cycle. So at the very least Wave 5 should last as much as 30-40 Years or so. Another factor is that Wave 5 can get really extended and we can for minimum expect Wave 5 to give Wave 1 equal gains or even more so. Therefore, it can be said using this simple observation we shouldn't expect crash anytime soon. Pullbacks happen but overall Stock Market is very bullish for foreseeable future. Any sort of feedback from TradingView Community would be appreciated.
SP:SPX
by StunnerStock