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Candles

FBR Long Set Up - Candles, Technicals, and Elliot all say GO!Candlestick Rising Held as support as we have had completion of Inverted Hammer and Engulfing bull patterns at this same level. Connors RSI below 10. For Elliot folks, please check the count that it doesn't violate any rules, and the retracement/correction has moved back down into middle of wave 4 Price has retraced down into wave 4 of previous impulse wave. So I believe it has completed wave A of the correction wave and have gone long with the target of 9.64, the 61.8 fib level. Medium term look to target 10.5 and long term Longer term 12.50 as it completes wave 3 of III.
FLong
by AuthenticTrader
EURUSD Trade Ideas TonightWe have european data coming out at 5 am and american at 8:30 that could twist this us so be sure to be watching in the mean while and maybe take some profits if things tart moving against you, i have those 2 as my trade scenarios red is my stop loss and the green is possible targets reaching to edge of the expanding channel. Short is where most profits can be made i dont think long has very much steam. I may just wait till a Long Fails to go Short from a even less riskier price. tips- you can see the percent and position info by hovering your mouse over the range drawings on the chart. Thank you for listening. You can catch me on twitter @baystreetbull and on profit.ly with same name.
by psi.
1
Bearish candles on Weekly and Daily chartsULTA is in an obvious up trend on the weekly chart. Sort of sideways on the daily chart with an RSI making lower lows and lower highs. But if you put a lot of stock in candle formations then you might be willing to risk some money to the downside. Bearish formation in Friday's candle on the daily (engulfing candle) within a one on the weekly (upside down hang man). No position for me but next week I will be watching the price action. There might be a post earnings (last Thursday) move on the horizon this week. Exhaustion could get a pullback below the trendline if there is a reversal move off these recent highs.
NASDAQ:ULTA
by bertolinitrading