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📈🚀 Seize the Moment: Epic Buying Opportunity on S&P 500! 📈🚀Hey traders, get ready to ride the wave of profits with an exciting setup on the S&P 500! 🌊📊 A golden opportunity has surfaced, and it's time to capitalize on a potential bullish rally. In the 4-hour timeframe, we're witnessing the stars aligning for a buying spree that could lead us straight to the coveted 4570 target. 🎯🦅 The Double Bottom Delight: Hold tight as the price action unveils a mesmerizing double bottom formation. This pattern is like a green light for bullish momentum, signaling a potential upward surge. 🚀 The beauty lies in the symmetry, and we're ready to ride this pattern to its fullest potential. Harmonic Bat Pattern: Point D in Sight! 🦇🎯 Prepare for some harmonic magic! The stars of the show are aligning as we approach the mesmerizing point D of the harmonic bat pattern at 4570. Brace yourself for a journey towards this target, riding the wave of pattern completion and potential profits. Candlestick pattern: Doji Breakout! 🕯️🚀 The magic continues with a "long-legged Doji" candlestick, signaling a breakout like no other. This is the ultimate call to action – a signal to buy this dip and ride the upward momentum. 📈🕯️ Moving Average Mastery: Crossover Confirmation! 📈✨ Get ready for a symphony of confirmation! The moving averages are about to cross over, a sign that amplifies our scenario. This crossover is like a nod from the universe, signaling that it's time to jump on board and enjoy the ride. MACD Marvel: Bullish Momentum Amplified! 🚀💥 The MACD indicator joins the party, forming a fresh crossover to the upside. This is the stamp of approval we've been waiting for – a clear signal that bullish momentum is skyrocketing. 📈💪 The Game Plan: Entry: Buy around 4420 Stop Loss: Below 4407 Target: 4470 (with partial profit-taking along the way) Remember, smart trading involves not only the entry but also the exit strategy. Keep an eye on those partial profit-taking points as we journey towards the 4470 target. 🎯💰 Feel free to share your toughts in the comments section, follow me for updates and don't forget to press the like button if you think this insight was helpful 🌊🚀
OANDA:SPX500USDLong
by Thomas_Zito
16
Market is indecisive as it gave a perfect Doji. The market today gave a positive closing above 50 days EMA which was at 19285 which was a good sign but the candle that we saw today was a DOJI candle or a Perfect DOJI candle. This means that the market is indecisive. Only if the support at 19285 is held tomorrow or for the reminder of the week, Nifty can think of a recovery. Supports on the lower side for Market are 19285, 19229, 19145 and 19024. Below 19024 the market can fall upto the levels of 18861 or more. On the upper side the resistances will be at 19367, 19488 and 19587.
NSE:NIFTY
by Happy_Candles_Investment
Japanese Candlesticks - Doji CandlesAs traders, if we want to improve our technical analysis knowledge to better develop our price action skills, we owe it to ourselves to grasp candlestick patterns, in this case the Doji candlestick pattern. This post will go into further detail about this unique candlestick group and will also explain the psychology behind these patterns and how they can affect future price movements in the market. Before we go into further detail about doji candles, there are times this post will mention the words: 'OPEN PRICE, 'CLOSE PRICE, 'HIGH PRICE, 'LOW PRICE, 'UPPER WICK, 'LOWER WICK, and 'BODY.' So what are these? OPEN PRICE: Open means a candlestick's first price when it started. CLOSE PRICE: Close means a candlestick's last price when it ended. HIGH PRICE: High means how high the price went during that candlestick. LOW PRICE: Low means how low the price went during that candlestick. UPPER WICK: An upper wick forms when the high price of the candlestick is higher than the close price (bull candle) or open price (bear candle) of the period. LOWER WICK: A lower wick forms when the low of the candlestick is lower than the close price (bear candle) or open price (bull candle) of the period. Body: The visual difference between the candlestick's open and close prices. What is a Doji candlestick? The Doji Japanese candlestick pattern is a class of single-bar indecision patterns whose open and close prices are either identical or close to identical and therefore either do not have bodies or have very small bodies. A doji candlestick pattern generally suggests indecision or uncertainty in the markets. The reason for this is because of the psychological meaning behind a doji candle. As previously mentioned, all doji candles' open and close prices are either identical or close to identical, meaning that during the time of the candle's formation, buyers (bulls) and sellers (bears) were both at a complete standoff and neither one came out on top. There are different types of doji patterns depending on where the open and close prices are, and these types are known as: doji star, gravestone doji, dragonfly doji, long-legged doji, and four-price doji. Technical traders use the 'doji' term to refer to all of the above patterns but specifically call out a doji by its proper name when they want to be more specific, e.g., a dragonfly doji. Doji Star The doji star (also known as 'standard doji' or 'neutral doji') is a pattern that is composed of an upper and lower wick on either side of the opening and closing price that are approximately the same length. The doji star’s main features are: Identical or close to identical opening and closing prices. The upper wick and lower wick are approximately the same length. Overall, it has a cross shape. It indicates indecision: the market hesitates between two directions. When a doji star appears at the top of a bullish swing or at the bottom of a bearish swing, this is seen as a sign that there may be a possible change in the trend. The reason for this is due to the neutral formation of the candle and what it means psychologically: this candle pattern tells us that buyers and sellers were completely equal; it is not possible at this moment to judge which side of the market has the upper hand, so if a doji star appears near the top or bottom of a trend swing, then it is possible that there may be hesitation or uncertainty to continue the trend. Gravestone Doji  The gravestone doji pattern is formed by a candle that has only the upper wick. This indicates that the price tried to move higher but failed to do so and closed at a price identical to or close to identical to both the open and low prices. The gravestone doji’s main features are: A long upper wick. No lower wick Open and close prices are identical or close to identical to the low price. Overall, the pattern has an inverted 'T' shape. This pattern is most significant at the top of a bullish swing. It indicates indecision; this has a more bearish bias because of the upside rejection of the high price from the sellers. The psychology behind the gravestone doji usually indicates that the buyers might be losing power because they can no longer drive the price up and the sellers might be in control. When a gravestone doji pattern appears, especially at the top of a bullish swing, this is seen as a positive sign that there may be a possible change in the trend. Dragonfly Doji The dragonfly doji pattern is formed by a candle that has only the lower wick. This indicates that the price tried to move lower but failed to do so and closed at a price identical to or close to identical to both the open and high prices. The dragonfly doji’s main features are: A long lower wick. No upper wick. Open and close prices are identical or close to identical to the high price. Overall, the pattern has a 'T' shape. This pattern is most significant at the bottom of a bearish swing. It indicates indecision; this has a more bullish bias because of the downside rejection of the low price from the buyers. The psychology behind the dragonfly doji usually indicates that the sellers might be losing power because they can no longer drive the price down, and the buyers might be in control. When a dragonfly doji pattern appears, especially at the bottom of a bearish swing, this is seen as a positive sign that there may be a possible change in the trend. Long-legged Doji The long-legged doji pattern is just like the doji star, but with a longer upper and lower wick on either side of the opening and closing price. This pattern suggests not only market uncertainty but also more market volatility due to the longer wicks on either side. The long-legged doji's main features are: Identical or close to identical to the open and close prices. The long upper wick and the long lower wick are approximately the same length. Overall, it has a cross shape. It indicates indecision and higher volatility; the market hesitates between two directions. Four-Price Doji The four-price doji pattern (also called 'doji of four prices') is the rarest doji pattern type; it is extremely rare on the chart, especially on the higher time frame charts. It represents a straight horizontal line (only the body, without any upper and lower wicks). The pattern is formed when all four prices are the same: open, high, low, and close. The four-price doji's main features are: Completely flat horizontal body with no upper or lower wick. Overall, it has a 'dash' shape. Open, high, low, and close prices are all identical. As rare as this doji pattern is, it does form from time to time. This happens either on very low-liquid assets or when volumes severely drop on the market, for example, during holidays or near the start or close of a trading session. Be careful with short time frames! Doji candles appear far too often in shorter timeframes; traders on short-term timeframes do not generally take them as serious signals for predicting future price movements. Doji candles on shorter time frames are not as psychologically impactful as doji candles that form on longer-term charts. A big reason for this is due to the fact that it is a lot easier for a doji candle to develop in a shorter time frame than in a longer one. For example, it is far easier for a one-minute candle to have an identical or close to identical open and close price than it is for a daily candle to have an identical or close to identical open and close price. Additionally, short-term timeframes feature a lot of price noise, which can be confusing for traders. EURUSD 1 Minute Chart As you can see in the image above, doji candles appear too many times in the shorter time frames to be effective. Advantages and Disadvantages With all technical analysis methods in the financial markets, there are advantages and disadvantages to them, and doji candle patterns are no different. The advantages and disadvantages of doji candle patterns are: Technical traders use Japanese candlestick patterns to help understand and predict future price movements. Doji candles can be very effective in doing this, and traders should pay attention to them when they form on their charts as they can provide potential trading opportunities. However, due to their limitations, traders should use additional technical analysis methods alongside any doji pattern to predict future price movements. Doji candles are indecision candles and therefore do not guarantee trend reversals, but make sure you are cautious of them, observe them, and, most importantly, learn from them! Trade safely and responsibly. BluetonaFX
Education
by BluetonaFX
2
FrogAlgo: A Dragonfly Doji A Dragonfly Doji is a candlestick pattern characterized by a long wick or shadow that is significantly longer than its body. It is considered a type of doji, where the opening and closing prices are very close together. The presence of a large wick indicates a wide trading range during the time period of the candle, while the small body represents minimal difference between the opening and closing prices. This pattern occurs when the open, close, and high prices of the candle are close or even identical, but the intraday trading extends far from the opening price before retracing back to close near its initial level or close to the high of the day. If a Dragonfly Doji appears during an oversold downtrend, it can signal a potential reversal in the prevailing downward price movement. The extended lower wick indicates selling pressure during the candle's duration, but the price sharply reverses and closes near the opening price, suggesting that buyers have entered the market at lower prices and pushed the price back up. This pattern signifies a significant reversal on the chart during a downtrend, indicating that the subsequent price movement could be upwards. It indicates that lower prices were rejected and absorbed, implying a shift in momentum towards an upward swing. The Dragonfly Doji is considered a crucial indicator of trend reversal. Its reliability increases when accompanied by high trading volume. When a chart has been in a downtrend, drops to a new price low that is lower than the lows of the previous three trading days, but fails to sustain that low and rallies to close within the upper 10% of the day's trading range, there is a higher probability that the price has bottomed out, and the chart has initiated a new upward movement.
NASDAQ:AAPL
by A1TradingHub
BankNifty Analysis: Indecision with Bulls and Bears in ControlBased on the provided chart analysis, here is a revised summary of the current market situation: On the daily timeframe, the market formed a perfect Doji candlestick, indicating indecision among market participants. It opened within the previous day's high and fell to 45000, where it found support and staged a recovery in a V-shaped pattern. The market then rallied to 45651 but subsequently fell again in a V-shaped pattern. This double reversal suggests both bears and bulls are strong, seizing control when opportunities arise. The market has established major resistance levels at 45651 and a minor resistance at 45475. Major support levels are seen at 45000 and 44906, with a minor support at 45135. On the 1-hour timeframe, an inside candlestick pattern has formed. Open interest data reveals that the 45300 strike price has a significant straddle of around 20L, while the 45200 and 45400 strike prices show a decent amount of put and call short positions, respectively. The major support level at 45000 has 41L puts, and the major resistance level at 45500 has 37L calls. The PCR (Put-Call Ratio) is 1.45, indicating a bullish sentiment. Analyzing FII (Foreign Institutional Investor) data, it shows that they have a higher number of long positions in calls (7.78L) compared to short positions (4.76L). In puts, FII data shows more long positions (10.1L) compared to short positions (7.6L). FII Futures Data suggests a bullish sentiment with a value of 1173cr, and FII Stock Data indicates a bullish sentiment with a value of 2134cr. Considering the analysis, the market is likely to be range-bound between 45000 and 45500, resulting in frequent reversals. Potential trades can be initiated if the market breaks above 45651 or below 43906. Alternatively, a break above 45364 could lead to an upside trade with a target of 100-120 points, while a break below 45223 could lead to a downside target of 45118. Please note that this analysis is based solely on the information provided and does not constitute financial advice. It is recommended to consult with a qualified financial professional or conduct further research before making any investment decisions.
NSE:BANKNIFTY
by JigarHathiyani
Shree Cement: Ascending Triangle Breakout and RetestShree Cement(stock symbol: SHREECEM) has been forming an ascending triangle pattern since April 2022, but recently it broke the pattern with a gap down. However, it managed to recover and is currently retesting the lower trendline. During this retesting phase, the stock is forming dojis, which could potentially act as a trigger for a further move. To implement a trading strategy, a stop-loss (SL) could be placed above the high of the doji, while the target levels are set at 22,623 as the first target and 21,853 as the second target. Note: It's important to keep in mind that financial decisions should not be solely based on patterns or technical analysis, as market conditions are subject to change. It's advisable to conduct thorough research and consult with a financial advisor before making any investment decisions.
NSE:SHREECEMShort
by JigarHathiyani
usdjpy reversal signal at retest highAfter a 1 hour variation of an evening star during the London session this morning, I was alert during the New York session to see if price would be strong enough to push beyond its latest high; especially after a bullish engulfing. Price merely closed off with some buy exhaustion only to followed by a doji. This set-up looks like a false break of a major resistance level which is why I decided to take advantage of the retest during the best time of the day. Although the dollar yen is still overall bullish, there are sellers coming in to keep price from pushing higher. I've shorted the highs, no lower low yet except for intraday 5min. which is my entry point. Stop loss just above the high.
Short
by DesharedPierreJr.
Double top formed near the ATH is breaking downBy March '23 gold did a strong breakout near the 2000 quote. After that, the prices did not continue to flow and stucked inside a congestion at that level. At 04 May '23 the prices tried to overpass the previous top but failed. This failure gave us a doji candle, at the previous top, a very bearish signal, and besides that, it also gave us a double top formation. The congestion kept going for some more days until a sequence of bearish candles appeared (16 to 18 May '23) breaking down the support of the previous bottom and confirming the double top formation. As I have posted before here , I have started a long term position in gold, and I remain bullish in it. But the chart gave us these bearish signals that are too strong to be ignored, so I decided to hedge via futures contracts and started a short trade at the 1981.60. As the GC is a heavy contract for margin purposes, I'm actually trading the micro gold contract (MGC). This price level is basically the same I did my entry at the spot through GLD, so my resulting position is currently neutral. That is, if prices fall, I profit in MGC and loss in GLD, on the same proportion; if prices go up, I profit in GLD and loss in MGC. And giving up this profit if it goes up, is my cost for this hedge. If I stop the GLD I get short directional, otherwise, if I stop the MCG I get long.
COMEX:GC1!Short
by thessia_
📊 The Doji Candle Pattern📍What is the Doji Candlestick Pattern? The Doji Candlestick Pattern refers to a chart pattern consisting of a single candle. This pattern appears when the opening and closing prices of a candle are nearly the same or identical, resulting in a small-bodied candle with upper and lower wicks resembling a "+". Different variations of Doji patterns exist, with unique names like the Long-legged Doji, Gravestone Doji, Dragonfly Doji, and Doji star candlestick pattern. Regardless of the type, all Doji patterns provide traders with four critical data points: the open, close, high, and low prices for the given period. Doji patterns can occur on any timeframe and in any market, making them the foundation of many trading strategies 🔹Long-legged Doji The Long-legged Doji pattern has an elongated upper and lower wick and a small body The Long-legged Doji can be interpreted in several ways and works best when viewed in context with price action. It is a potential price reversal signal in a defined up or downtrend. If it occurs in a flat market, it suggests further consolidation. 🔹Dragonfly Doji The Dragonfly Doji sets up when the candle’s open, close, and high is approximately the same. Visually, the Dragonfly looks like a “T,” as depicted in the image below. This formation suggests that heavy selling was present, but the market has rebounded. As a general rule, the Dragonfly is considered a reversal indicator. A retracement in price is expected when it occurs at the top of a bullish trend. 🔹Gravestone Doji The Gravestone Doji pattern is the polar opposite of the Dragonfly; it appears as an inverted “T” and signals that heavy buying has given way to selling. The Gravestone Doji is a reversal chart pattern that signals downward or upward pressure may be on the way. The Gravestone suggests that a reversal is possible when observed within a defined uptrend. Within a downtrend, bullish price action may be forthcoming. 🔸Reversals Doji candlesticks can be a great way to get in or out of the market in trending markets. The Gravestone and Dragonfly are ideal for reversal strategies as they indicate forthcoming upward and downward movements in price. 🔸Breakouts One of the lowest-risk ways to utilize Dojis in the FX market is to trade breakouts. A breakout is a sudden directional move in price. Dojis often precede breakouts, as they are a signal of indecisiveness. As soon as the market makes up its mind, a significant move may be in the offing. 👤 @AlgoBuddy 📅 Daily Ideas about market update, psychology & indicators ❤️ If you appreciate our work, please like, comment and follow ❤️
Education
by QuantVue
2
Doji Candlestick Pattern : Educational1/ The Doji Candlestick pattern is a popular chart pattern in technical analysis. It is formed when the opening and closing price of a financial asset are almost the same, resulting in a candlestick with a very small real body. 2/ The Doji Candlestick pattern is significant because it suggests indecision in the market. It can occur at the end of an uptrend, downtrend, or in a consolidation period. Traders often use it to identify potential trend reversals. 3/ There are different types of Doji Candlestick patterns. The most common are the Dragonfly Doji, Gravestone Doji, and Long-Legged Doji. Each has its own unique characteristics and can signal different things to traders. 4/ The Dragonfly Doji is a bullish pattern that forms when the opening and closing prices are at or near the high of the day. It suggests that the buyers have taken control of the market and may signal a potential uptrend. 5/ The Gravestone Doji, on the other hand, is a bearish pattern that forms when the opening and closing prices are at or near the low of the day. It suggests that the sellers have taken control of the market and may signal a potential downtrend. 6/ The Long-Legged Doji is a neutral pattern that forms when the opening and closing prices are very close together, but there is a long shadow on both sides. It suggests that there is indecision in the market and that traders are uncertain about the future direction of the asset. 7/ While the Doji Candlestick pattern can be a powerful tool for traders, it should always be used in conjunction with other technical analysis tools and indicators. It is important to consider the broader market context and to look for confirmation of the pattern before making trading decisions. 8/ In conclusion, the Doji Candlestick pattern is a widely recognized chart pattern that can provide valuable insights into market sentiment and potential trend reversals. Traders should be familiar with its different types and use it in conjunction with other technical analysis tools to make informed trading decisions. Like, Share, Comment for regular updates. Disclaimer I am not sebi registered analyst My studies are Educational purpose only Please consult with your Financial advisor before trading or investing I may be 100% wrong as its my personal trade. First Learn and then remove "L"
NSE:NIFTY
by ChartsSpecialist
1W BTC Candlestick and Wave AnalysisI continue to be bearish and, by all my logic and knowledge, think that this market has been heavily manipulated since the Genesis bankruptcy. Just think about it. The moment when the biggest crypto lender needs to liquidate their assets, the price goes up. Also, if you follow the social metric, you know that creators of the crypto content are struggling to get new views. And then, we have Elon changing the Twitter logo and pumping the DOGE, and the last time he did it, he pumped and dumped it for a BTC, which no one seems to remember or even realize. But let's bring some chart analysis into it. We first need to consider a gap in the VPVR on the right. This is the chart of almost a year's worth of weekly candles, and that gap means that the price shot up without significant volume to create support anywhere above 25k. Next, we have three weeks of consolidation, shown by long-legged Doji and two spinning top candle patterns. The last week was bullish. It retested the upper Bollinger band, and as we can see, this one is bearish, which means it got rejected, but keep in mind this one has yet to close. Last but not least, we can see a ribbon closing to a reversal on the ribbon in the waves indicator. If you reduce the timeframe to 5D, it has already painted the local top. Supported by the fact that the grey wave, which indicates the aggression or the speed of trading if you like, is approaching the zero line, which means the trend is reversed from bullish to bearish, excluding the fact that everything in me screams: "BUY," I will not do it. I cannot predict the manipulation though I can see it and react to it thanks to my indicator, so my conclusion is: "Do your homework. This one is mine."
Short
by RockinHood
4
EURUSD : Bear's Can fight Back from major resistance OANDA:EURUSD Hi , trader's .. As per technical analysis , it's visible that market is near to major resistance price can possibly form double top which can lead market to downside As price reject from this important resistance there is possible chance of Hanging man or doji candle formation Any reversal shape candle will be helpful for bear's to take there selling position's ❤️Please, support my work with follow ,share and like, thank you!❤️
Short
by INVESTRONE
5 Most Powerful Single Candlestick PatternsHello, welcome to this Type of 5 Most Powerful Single Candlestick Patterns I have tried to bring the best possible outcome to this Candlestick Patterns update Type of 5 Candlestick Patterns:- 1) Doji:-Considered to be one of the most important single candlestick patterns, the Doji can give you an insight into the market sentiment. Dojis are said to be formed when the opening price and the closing price of a stock are the same. Since the opening price equals the closing price, these candlesticks virtually have nobody. Here’s an example of a Doji. 2) Dragonfly Doji:-The dragonfly Doji is formed when the opening and closing prices of a stock are at the highest point of the day. The dragonfly Doji has no upper shadow and a long lower shadow. The candlestick pattern looks like this. 3) Gravestone Doji:-It is the direct opposite of the dragonfly Doji. The gravestone Doji is formed when the opening and closing prices of a stock are at the lowest point of the day. The pattern has no lower shadow and a long upper shadow. 4) Spinning top:-Similar to the Doji, the Spinning Top is another single candlestick pattern that reflects indecision and uncertainty in the market. A spinning top is formed when the closing price is close to the opening price. The Spinning Top has a similar structure to the Doji, but with a smaller but distinct body. The pattern looks like this. 5) Hammer:-Hammer is a single candlestick pattern that appears at the upper end of a candle with a short body and a long lower shadow. If the upper shadow of the candle is small then the pattern is still considered a hammer. Here's what the pattern looks like. Hit the like button if you like it and share your charts in the comments section. Thank you.
by CryptoSanders9563
2
XAUUSD Short term bearishAs i see in the chart, the was a bullish leg before the triangle breakout and i drew another leg excactly the same height as the last one. because last candle was a doji shaped and latest candle is closing like a pin bar and we are far away from Moving Average, I think there might be a short term bearish trend on Gold , unless today's candle doesn't close as a pin bar. or 1 other think that cancels this scenario is that tommorow's candle closes above high of last 3 candle and form an Engulfing Candle.
OANDA:XAUUSD
by hoseinharami