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Inverted Hammer

EURJPY - New wave forming - 2 week trade planHello everyone, this is my end-of-trading-week opinion 1: You can agro BUY now for a RR: 2 LONG position: TP and SL on chart 2: You can wait for a green bar when bar close to confirm an 'inverted hammer' on Monday 22nd with a higher probability for a SHORT position, also to avoid weekend news and price gap with high spead 3: Possibility: wait for price to test resistance with a confirmed price action to take profit from (2) and go SELL Possibility: 1<2<3 the further the prediction the less accurate it becomes. Goodluck!
by minhdang3264
GOLD weekly updateLong trade to 1300 level worked and as expected we saw a pull back from 1300 area back to 1284. Price closed weekly below the 61.8% fib level and formed an inverted hammer with a long upper wick, could be a sign of reversal. Price is still above the broken yellow uptrend line. Next uptrend only confirmed by close above the 1300. If you did not short at 1300 area, there is potential to wait for a test of upper levels and selling again. Alternatively wait for a break of the 1300 level for a long. Look for patterns on smaller time frames.
FX:XAUUSD
by Antonio_trader
Inverted hammer formation for BATETH on Binance, 30mBATETH on Binance, 30m 1. Support trend line 2. Resistance trend line 3. RSI indicating oversold 4. Inverted hammer candlestick formation signaling possible reversal 5. Confirmation candlestick following inverted hammer to confirm trend change 6. Fibonacci levels to identify potential sell point to take profit Watching the charts this morning for an early Christmas present, I noticed the formation of an inverted hammer (4). The inverted hammer criteria is as follows Must follow a downtrend Upper shadow must be at least two times as big as body Lower shadow really small or non existent Body located at lower end of trading range Added trend lines (1 and 2) for most recent movement to see what the potential lines of support and resistance are. Added RSI overlay (3) and confirmed status as potentially oversold. Waited until the next candle formed (5) after inverted hammer, for additional confirmation of change in trend. Added Fibonacci overlay (6) from top of most recent significant drop within my downward trend lines, to the lowest point where the inverted hammer (3) formed. Entered my position around 101 and exited my position around around 110000, near Fibonacci level 0.786. Will watch closely to see if this is a new upward trend, or merely a retracement within a continued downward trend. Happy holidays!
BLong
by CryptoKujira
Past history candlestick analysis for Hartalega On March 8, 2018, an Inverted Hammer + Bullish Engulfing appeared, signifying a change to the down trend. This is further confirmed by the support line in blue. Stock rallied for roughly a month plus until April 12, where a Hanging Man appeared (Note the Hanging Man is not as potent as a Shooting Star, but it still gives the signal that the bullish trend is coming to an end). The trend then start to change. Stock goes downwards and tumbled, until a bullish engulfing pattern emerges on April 25 - 26. Interestingly, this happened 3 times! Triple bullish engulfing pattern! This also serves as a support line, which supported the price level on June 28 - 29. Stock rallied up and hit a bearish Harami pattern on June 11 - 12, signalling that bull has lost it's momentum. Stock drops and hit the support line where a bullish engulfing pattern appears, and then goes upwards until it hits a Doji on July 2. Market comes to a neutral tone and market is unsure to go up or go down.. in the end it goes downwards. Price could go further down until it hits the support line and change upwards, depending on the candlestick formation at that time. If it goes down it would hit the second support line formed by the inverted hammer. Notice the MACD histogram is showing an upward trend, signifying an uptrend of price.
MYX:HARTAEducation
by antaeusguy
BTC Daily Chart UpdateG'day Cobbers, Taking a quick look at the Daily to get an overall view on how we are traveling and it looks like we may have a pullback on the cards over the next week, we have a fairly high volume inverted hammer, with a fair amount of selling pressure over the last few days. Taking a look back over the chart you will start to notice these candle patterns quick often in trend reversals. I myself don't trade on the Daily, I use it as the tide, then the 4hr/1hr as the waves, and the 15min (rarely) as the ripples. Be aware of the tide, it's best to swim with the tide but you can ride the waves with caution. Anyway as always this is not set in stone and we will need to see how the day close before making any set judgments. I will update today when I can but I will be away from the screen working most of the day. Be safe, make sure you set them stop losses, don't over trade and keep your position sizes low enough that you don't panic at the smallest swings in price. G'day Thanks for dropping by, hopefully, you garner something valuable from my post, be it educational or an idea towards a trade of your own. Please share, like and comment and engage with me, I am here to help. Trader, Chart analyst and all round larrikin. Reside in NQ Australia, surrounded by Crocodiles, snakes & giant spiders, not to mention the boxing Kangaroos and devilish Drop bears. It makes my job quite hazardous but strewth mate, I love it.
BITFINEX:BTCUSD
by TroyByrne
28
Bitcoin getting bullied by the bearsIchimoku We see from our Ichimoku that there is indecision in the market. Chikou span is under price, and Kijun sen is on top of price. Both of these indicate the trend will need more steam if the bulls want to hold this uptrend today. Tenkan sen indicates potential market trending. Senkou span A&B are acting as resistance and have been widening as volatility increases. MACD/StochasticRSI/ADX MACD - Showing a bullish crossover which is a good sign Stochastic RSI - Currently the RSI bounced off the ceiling. Indicating potential oversold conditions. Ideally we want to see a bullish bounce before we drop below 50 ADX - ADX is very low at 25 indicating the bulls that are trending upwards on the current candle do not hold a very strong trend and tells us the price may continue its downward move through the bearish channel. Chart/Candlestick Patterns We see the price has been moving through a falling wedge in a bearish channel. This is a good indication we will see a bullish move in the next few days. There is room for the price to fall. If the price does not break upward of its falling wedge we could see a drop to the ~7.2k/7.4k/7.6K levels. If we can break to the upside of the falling wedge we have room to move up to ~9.3k. Our previous run from 8.1-8.6k 20 hours ago was met by a evening star candle. Watch for the current candle to form an inverted hammer and form a morning star reversal.
BITFINEX:BTCUSD
by SpektreSignal
2
INVERTED HAMMERThe Inverted Hammer is comprised of one candle. It is easily identified by the small body with a shadow at least two times greater than the body. Found at the bottom of a downtrend, this shows evidence that the bulls are stepping in, but the selling is still going on. The color of the small body is not important but the white body has more bullish indications than a black body. A positive day is required the following day to confirm this signal. *DISCLAIMER*: I am not a financial advisor nor am I giving financial advice. I am sharing my biased opinion based on speculation. You should not take my opinion as financial advice. You should always do your research before making any investment. You should also understand the risks of investing. This is all speculative based investing.
BLong
by TheWolfOfBinance
NZDJPY Year of the ShortAfter considerable Yen weakness, xxxJPY pairs rose hundreds of pips. It seems like too unsustained of a move to me, so when such a strong short setup appears as shown above, It seems a very good opportunity. Price reached a significant horizontal resistance zone Price has made contact with the resistance trendline and shown a spinning top (inverted hammer?) candle, followed by a bearish confirmation to short. This is as good as it gets, and even the indicator is in the upper band, indicating an exhaustion.
Short
by MtxTrader