Tatachemicals - Three Blacks Crows at Top#tatachemicals - has seen good uptrend which seems to be “stalling out” at the top and the Three Black Crows pattern has also emerged after sideways price action.
Three Black Crows
GBPUSD: Live trading updateHello all,
If you saw my previous chart on GBPUSD, you would know that I am in an active short since the orange line. Here's a quick look into what I'm observing while the trade is active. On the 4hr time frame, we have developed a channel. The current candlestick is a particularly important one:
If we close this candle within the channel, and form a "hammer" style candlestick, it is likely we will see a reversal and push toward the top of the channel again. If the hammer forms, I will close my short temporarily.
However, If we close outside the channel, the candlestick will be much more bearish. It will be the third red candle, creating a three black crows pattern which is very bearish. If this occurs, the short will remain active.
Happy trading!
GBPNZD ShortWe have a strong confirmation for a sell oportunity.
We got a breakout of a trend line and support zone and right now we got a rejection that confirms the sell oportunity.
We must see what will happens when the market open, but the oportunity is there.
Its easy to find also a 3 crows candlestick bearish pattern.
You can find the 3 candles with the icon of location! Right where is the breakout candle.
The breakout candle is more strong at daily time frame.
Like and follow if help you.
LTC/BTC weekly chart bearish and bullish caseBearish signs - three black crows, followed by a pullback; incoming bearish MACD cross.
Bullish signs - bullish ascending channel is still respected
For a bullish case the red line at (0.014736) should be broken.
Most likely scenario is the retest of a red line at (0.014736) and a wick down to 0.011398
Perfect Entry & Exit PointsAfter finding appropriate RSI and MACD entry points, traders benefit from analyzing key candlestick formations.
Below are the candlestick reversal formations detailed in this chart.
Candlestick Formations:
Two Black Gapping : appears after a notable top in an uptrend, with a gap down and two red bars.
It predicts lower lows with an accuracy of 68%.
Three Black Crows: Bearish Three Black Crows shows reversal near the high of an uptrend.
It can trap bulls seeking further momentum, or irrationally exuberant buyers (FOMO).
It predicts the decline to a lower low with 78% accuracy.
Bearish Evening Star: Starts at a long green or white bar, that carries an uptrend to a new high.
Make sure low volume follows, with smaller hammer-like bar.
Predicts lower price with 72% accuracy.
Abandoned Baby: Appears at the low of a downtrend, after a series of lower lows.
As it gaps lower, no new sellers appear.
This triggers recovery at 70% accuracy rate.
Abandoned babies have a 70% chance of surviving if they're with G/god.
[Red Apple] "Corrective phase! "_ BTC/USD _ 18.07.27BTC is in Corretive Phase. After break short-term support line that i mentioned in previous briefing, it moves sideways for a while and then went downward.
Let's start the analysis for BTC/USD chart.
If you are busy, you can just read below briefly
'1. Briefing '
'4. Summary and Strategy'
and click '+Thumb up, +Follow' :-)
1. Briefing
# Corrective phase
2. Daily Chart
1) Trend
Staying under down trend line
2) Candle
a. i mentioned Bearish Harami in previous briefing and now appeared confirmation candle for Bearish
b. Bullish Candle Scenario :
i) today's candle go down to about $7700 and next candle will engulf 3 candles -> Three Methods pattern
ii) Today's candle closed over $8180 -> Bullish Engulfing Candle
c. Bearish Candle Scenario :
Three Black Crows
3) EMA
20EMA(red) is rushing to 100EMA(orange)
3. 4H Chart
1) Trend
Staying under down trend line
2) EMA
Candle is staying under 20EMA -> signal for Sell
3) Pattern
a.
After going down under short term support line, keep going down, down,,,
b.
Gartley or Bat
4) Indicators
Most indicaotrs will show Oversell, soon.
5) Elliott Waves
corrective wave is going from small blue box and now price is in large blue box (range for wave 4)
6) Fibonacci
Supported at 0.5
4. Strategy and Summary
a. About previous briefing : break through support line downward and now it is staying under down trend line.
b. About this briefing : corrective wave can go to $7700 or even $7400.(it can be changed as time goes by). kept mentioning about corrective wave and now it is being corrected. so, do not worry too much, but rather it is chance to buy.
If you are aggressive trader, check harmonic pattern that i mentioned above and buy from 'prz'.
if you are conservative trader, wait until confirmation that candle is supported by uptred-line or staying over down-trend line. Also, wating for Bullish candle scenario can be good strategy.
No matter what kind of trader you are, be careful when up-trend line is broken.
Trade safely and make your standards
If you think my idea is helpful for you, Click '+Thumb up, +Follow'
Also, if found something special, i will comment in real time
Crows, Soldiers, Bull, and Bears oh my!We can see that the price of BTC bounced off the lower trendline forming the ascending triangle, and has broken out from the downward channel it was previously in. This action completed the formation of the double top.
Conditions are set for the formation of a triple top, we can see that in the 2nd valley. The first bounced at ~7.8k and this last bounce was at ~8.5k. Further reinforced by the rallying 3 white soldiers on our candle patterns. And we broke the .236 level but only barely.
Senkou span A & B have undergone a Kumo Twist and have begun to widen since.
Our Chikou span has still not made an upcross on the price, Tenkan sen tells us that the market is still trending, and Kijun Sen has taken a horizontal position under price indicating there may be a small cool off period coming up.
All of these bullish indicators are confirmed on the StochRSI. We can see that it bounced off the ~55 mark with a bullish divergence taking place.
Theres a small bullish divergence taking place on the MACD as well. The last time we saw a bounce at this level was 2/6/18 and it brought us from ~6.8k and didn't lose steam until we saw the 11.6k mark.
All of this is backed by the increasing volume we've seen move in over the past 12 hours.
If the volume holds steady I would expect to see the completion of our triple top in the next 2 days putting us at or around the 11k mark.
EURUSD is preparing for somethingWe have nice three black crowns formation on daily. There is double bottom which in my opinion is kind of false signal. It is pushing pair higher but it seems to me that the bulls power is not enough and EURUSD is preparing to go lower towards 1.500.
Lean HogsApril Lean Hogs collapsed further today. Looking for candlestick pattern 3 black crows tomorrow, which might suggest building out the last leg of the Cypher pattern. Next target for the bears is 61.8% at 66.675. Still being cautious of a break up for more long action. Open interest is still rising and volume is moderate which is a good indication for continued fall.
ABC Correction on USDCAD weeklyHey guys! Look at this formation. What do you think? As for me, it's a good Elliot wave ABC correction we might have here. On daily chart, am looking for an entry. We can see the 3 black (red) crows candlestick pattern. Aggressive traders can go short now and build the C impulse. Conservative can wait for the C impulse to complete. As for me, no time to wait.
