$AAPL tends to stall when it makes a piercing or bearish engulfing candle at the high. I am bullish the stock market, however I don't mind a period of healthy pullback and consolidation.
If today closes to make a piercing pattern on $TSLA it might signify a short-term pullback. The stock has had history of breaking to a high and make this pattern then reverse. Long term outlook is still bullish: I believe $TSLA is forming a long base before breaking higher again.
the bulls next? 1) head and shoulders 2) ascending triangle 3) piercing line BUY in bold red line
Candle Pattern: Piercing Pattern Trend: Up Trend Entry: Against TP/SL Ratio Target: 1 to 1 Target TP PIPs: 15 SL PIPS: 15 Fib Entry: .236 Fib TP: .50 Stochastic: overbought Inside EMA/SMA zone: no BB: top Pivot Point: Pivot Notes: Piercing pattern showing up just shy of the R1 pivot point stochastic showing overbought with crossover and dip below 80...
Candle Pattern: Piercing Pattern Trend: Down Trend Entry: With Trend TP/SL Ratio Target: 1 to 1 Estimated PIPs: 15 Fib Entry: 61.8% Fib TP: 76.4% Stochastic: Overbought Notes: Entering within EMA/SMA zone potential 1.3 or 1.6 fib extension to the downside with trend
I strongly believe that the dip is not finish yet and we will see some bounce back from the trendline, but with BTC everything is possible.
So, a strong piercing line candlestick pattern has emerged on the daily chart, a few days earlier, and I wanted to go long, but the technical analysis was still a bit too much on the sellers side, so I entered the 1H chart, and waited for the resistance line breakthrough, before going long. So I went long here at 3936.27 Stoploss: 3200.00 (2 % risk of...
ENTER 47.59 STOP 46.39 TARGET 55.85
This charting shows the bullish breakout idea as I currently can see on the GBPJPY pair. Only IF we get the confirmed breakouts, tests and bull moves this will be in tact. Patterns & Confirmation Free Video Tutorial: www.youtube.com www.youtube.com
Bullish Piercing Candle at support on above average volume at channel support with momentum divergence. We had a higher low recorded on the MACD histogram as well. I am looking for HAL to retest its next resistance level at $70. With stop losses below the low of Friday the trade gives you a 1.5R.