Tweezer bottom just developed the last two days. Entry is around $43. Stop loss would be below the tweezer bottom. Target is historical resistance.
Tweezer tops pattern Bear signal. Put order placed: 1006 S/L: 1152 Target: 911
Tweezer tops, bear signal. Will we see 30K again? Put order placed: 32481 Target: 30261 S/L: 34800
Multiple rejections of key resistance on the 8hr /4hr and corresponds with the daily trend.
EURUSD Candlestick patterns formed in D1. Expecting moves down to support area @ 1.1950.
FX:GBPUSD Possible triple Top pattern on GBPUSD 4H We're short on this position, we've negative divergence on RSI and a tweezer tops pattern on 1H timeframe.
As can be seen on the chart I think that bears will take over EUR USD based on my technical analysis. This trade has a Risk:Reward of 1 to 4,5 This is a personal trade and I kindly recommend to trade only if it fits your strategy.
Gold as explained took out higher lows and followed the stream. Price is currently sitting on an important weekly key level at 1862.9 We are seeing some wicks rejecting that level with a tweezer bottom formation and will be expecting price to retrace before making the next potential leg.
A jittery day plus a possible "tweezer top" candlesticks forming today near the channel top. The day isn't over yet and unless we have a good rebound within the next 2 hours, then it looks like we could be heading into some correction over the next few days. Go flat, reduce,hedge your longs... or even go temporarily short? Disclaimer: This is just my own...
Sentiment: Neutral to Bearish As we've observed in the past two weeks Gold has been in a significant uptrend due to its negative correlation with the $DXY (US. Dollar Index) as well as overall volatility in the markets. However as we all know the law of gravity states that all things that go up must eventually come down. Reasons: 1. Rising Wedge Pattern and...
Contract - CME_MINI:NQU2020 - High - 11156.75 - Low - 11073.00 *Plus Tweezer Top on the daily chart Current Stats - Gap: N/A - Session Open ATR: 229.06 - Long-term (Daily) Trend: Bullish Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance....
Traders often talk about several candlesticks and candle patterns but "Tweezer Tops" is rarely mentioned. You can look it up or just look at the weekly chart on EU instead. It is a pattern that could mean trend reversal or at least a short term change in direction. A few qualifiers are: - A clear preceding up trend must be present. - The colour of candles does...
Gold just made a tweezer top. The last two candlesticks on 2 H are on the top almost equal, that means there would be a SELL signal before and after the the major jobless claim news. Have a nice trading day
CapitaMall Trust tested a significant support between 1.48-1.50 yesterday and today it formed a pair of tweezer bottom reversal candlestick with bullish divergence on the RSI to boot. Going long on this guy and looking for an initial target around 1.90 (the recent high). However I will be putting an initial stop loss at 1.47 and protect any profit with a...
I’m going to breakdown the loss I took on Friday and I could have done better but to be honest, without these market conditions there’s not a lot I would have done differently I would take this set up over and over again. But let me explain, So I was looking at AUDUSD to come back down to the 0.600 level and to even dip below. I saw great confluences on the...
tweezer top on the 1hr, looking for more downside here
The Dow Jones Industrial Average(DJIA, average of top 30 US stocks by market capitalization) closed back above the psychological level of $20,000 today and logged a gain of roughly 1%. Price also closed above the lower broadening wedge line(shared in previous charts) for the second day in a row which indicates that this level is still acting as a technical...