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Doji

Daily Resistance-turned-Support - Roses are red, violets are blue. I’m looking at these hot dollar charts and you should, too! - This level was like a nightmare for bulls from Apr2016-to-May2017 before it finally break above in Jul, as you all know this resistance turned to support level so it's not surprising that the pair retrace from this area since 50% fibo retracement right smack on it, RSI is kissing oversold area, with that hot doji candle - Buying at current levels could still get you a pretty sweet deal especially if you aim for the previous highs 0.8000. If you’re no fan of the (Aussi) , though, then you could also wait for a break below the support level and trade a downside breakout instead. Good luck brothas !
Long
by YaseenG.Housari
Radium is it ready to go lower ?There are two quite visible head and shoulders formation on daily or weekly chart. THere are two gaps based on the weekly chart which are very nicely respected by current market. I market with yellowish rectangle the perfect rejection of the attempt to go higher. GAP erased all gains and pushed pair lower. I don't see reason why this pair couldn't go as low as 0.0005000. I wouldn't buy at this level anyway. It should touch 0.001000 level soon and let's observe what will happen next.
RShort
by Krystiannwk
2
Clams this is madness :)This is daily chart on which I marked few important candlestick patterns. We can see here clearly three white soldiers, engulfing candle and doji candle which was rejected after trying to breach psychological level 10k. I marked on the bottom of the chart GAP based on the weekly chart. I would expect for this pair to reach 0.0022000 level first and then 0.0058000 which give us very very nice risk reward ratio. That candle marked with yellowish rectangle is very good signal that the previous bottom created strong support. This doji candle suggesting bullish trend.
CLong
by Krystiannwk
7
ETHBTC Weekly Chart Analysis, TD Sequential and Spinning TopTaking a step back and looking at the Weekly ETHBTC Chart, we see that the TDSequential Indicator signaled a Buy Trade (Red 9) on the week of December 5th, 2016 around the level of .01 BTC. This level held steady until the breakout in February 2017. When the market finally reached exhaustion, we were signalled a Sell Trade (Green 9) on the week of June 19th. Smart traders could have anticipated the 9 and made the trade one candle earlier on the week of June 12th (Green 8) to lock in maximum profits. Since the Sell Trade signal, we have had a four-candle correction to the downside (two to four is typical) and are now watching a Bullish Spinning Top form on top of the .5 "Fibonacci" Retracement Line as the week of July 17th comes to an end. If the Doji completes and we do not break below the longterm Bullish Trendline and 20-Week EMA, we can expect a bounce upwards to try to break out of the Bearish Channel. It should be noted that when zoomed into the Daily Chart, we were already given two Buy Trade signals on June 27th and July 9th (both Red 9's) and as of today, July 23rd we've made a Red 4 count in yet a third Buy Trade sequence. For confirmation of the trade, we should look for the RSI to make a tick towards the upside on the next weekly candle, or at least to hold above 50. On our move upwards we can expect resistance (and place targets) near .1 BTC and .12 BTC, both of which correspond to Fibonacci Retracement Lines, and again near .14 BTC which corresponds with the TDST Line (Tom Demark Setup Trend) before re-testing All Time Highs near .15 BTC.
by TV_Indicators
Pre-Breakout Buildup on GBPUSD (LONG) ---- ANALYSIS ---- ... After breaking above Daily S/R line (1.3050) on Jul-14, price retraced to roughly 1.3000 ... Since then, Price has tested S/R line repeatedly and formed five (4h) doji candles within the last 24 hours ... Expectation is for possible Bullish breakout above 1.3050 in the 50-80p range ---- ACTION(S) ---- ... Waiting for confirmation of breakout at/above 1.3050 ... Will then enter market (LONG) with TP: +60 / SL: -30 ... May adjust TP if price show willingness to rise further ---- ADDITIONAL NOTES ---- ... 1.3050 is also a previous Daily Swing-High (from May-18) ... Be mindful of GBP news affecting price on 7/20 (Retail Sales) and 7/21
Long
by DollarBuddha
2
Short USDJPY, 4 Hr chart, Major resistance / Selling activity.On the 4 hourly chart we see resistance with the long tails / Dojis in the candle price action. They appear to be respecting the Major resistance line which has previously been a major Pivot or Swing line. A lot of selling activity and short positioning may be occurring here. This might be reinforced with the poor US Economic fundamentals, poorly received Trump budget, price action re-entering into the bearish channel and resistance at a previous Major Pivot / Swing point.
Short
by Quadricolor
Aussie strong signals suggesting bullish movement Fibonacci retracement 50% is a very good place to enter the market with low risk and high reward possibility (see link) . I found many interesting patterns on this chart. Blue rectangle is showing head and shoulders formation on 1H chart. Engulfing candle on 4H chart There is Doji candle suggesting strong buying power at the 50% level There is also GAP from Daily chart down below 50% marked with two blueish parallel lines. All these patterns mentioned above are strong indicator that the pair will move towards TP area.
Long
by Krystiannwk
SIRI H&S PatternSiri has formed a head and shoulders pattern after a strong uptrend since it was $0.04 in February of 2009. Some notes: - Monthly indicators show the stock is well overbought and due for a pullback. Daily indicators show the stock is oversold after pulling back from $5.53 (52 week high). I would look for the stock to consolidate momentum near the neckline prior to pushing through. - Monthly chart shows 2 fibonacci retracement points that the stock has used as support and resistance and could fall to should the stock break the H&S neckline. Moreover, on the daily chart, from $4.05 the right shoulder has used the 78.6% retrace as resistance, telling me that if the neckline breaks, our first point of resistance may be at $4.96 (61.8% retrace). (Yea, my brain hurts from all these fib numbers too) - Volume is very telling here. Typically what you want to see in a H&S pattern is higher volume on the left shoulder, and possibly the head, with declining volume on the right shoulder's uptrend. Moreover, you'll notice that after the head formed (and frankly throughout the whole formation), negative days have shown higher volume than positive days. - Monthly chart also shows a shooting star doji (without the shaved head). However, "technically", a shooting star doji should open lower, so don't read too much into that. - On 3/22 the stock gapped lower and slowly covering the gap over the next few days before moving lower. No one likes a gap unfilled and this shows the stock is ready to move lower
NASDAQ:SIRIShort
by myfye13
D-Day Of Indecision: ETF Dojis And Spinning TopsOn April 24, 2017, four major ETFs based off major indices made suspicious movements. DIA and SPY achieved a doji symbol while IWM and QQQ achieved a spinning top. All of these symbolize indecision on the part of bear and bull traders. By the end of the day, there was little to no change between the Open and Close prices of the aforementioned ETFs.One of these symbols for an individual stock can show potential reversal or indecision, but it is more telling when similar symbols occur across similar stocks or funds. When a gap occurs, it is normally filled (the stock reverses) within the next 10-15 trading days. Even though SPY did not gap up, it still remains in its trend channel. The next 3-5 days will be most telling of these funds and their indices as a whole. SPY If SPY can continue to move up, it could break out of its trend and continue its bull run. If it stays within the channel, the fund will drop and could do so for a while. The fund is also approaching the apex of its trend channel/wedge. SPY will break out of this wedge, and on strong volume one way or the other will lead to continued movement in that direction. The RSI is relatively neutral but slightly trending up. This movement could continue. The TSI has been trending down but has the potential to level out and move up again. Both VI variables are below one and fighting for direction. This is the second indicator of indecision. Lastly, the stochastic oscillator is neutral but has been trending up. Because the closing price and doji SPY achieved on April 24 remain in its trend channel, downward movement is still anticipated for SPY. DIA DIA's gap up has now placed it above previous resistance and its 50 day moving average. There are two likely paths moving forward. DIA could use this old resistance line as new support moving it higher, or it could drop below this line and begin moving down. The RSI is relatively neutral but slightly trending up. This movement could continue. The TSI has been trending down but has the potential to level out and move up again. Both VI variables are below one and fighting for direction. This is the second indicator of indecision. Lastly, the stochastic oscillator is neutral but has begun trending up. The technicals do not necessarily support continued upward movement, but the next few days will confirm or deny if the upward movement is sustainable. IWM IWM's gap up is almost confirmation it has broken out of its recent trend channel. There is still a chance of it filing this gap and continuing down, but it is in the best position to move higher. If and when the gap fills, it will be crucial to see if the downward movement comes with above average volume. The RSI is relatively neutral but trending up. This movement could continue. The TSI has been trending down but has appeared to have leveled off and began moving up again. Both VI variables are flirting with 1.00 and fighting for direction. Lastly, the stochastic oscillator is approaching overbought levels, but has 3-5 trading days before arrival. Once both the K and D are above 80, the fund could begin to drop. The technicals support continued upward movement for IWM. QQQ QQQ's gap up could be short-lived as it nears its macro trend channel resistance line. Even though the gap up escaped its recent, albeit short 15 day trend, it will move down in the near-term. Right now the movement displayed by QQQ is cyclical and natural. It will be key to watch if the fund crosses below its recent support line which is currently between 131.20 and 131.50. A breach below this line could signal further downward movement, but a bounce at or near this level will continue the bull cycle for the fund. The RSI is trending up and nearing overbought. The TSI has been trending down. Both VI variables are flirting with 1.00 and fighting for direction. Lastly, the stochastic oscillator is approaching overbought levels. The technicals are not overwhelming at all.
AMEX:SPY
by StockSignaler
Multiple indicators/patterns suggest a medium term BTCUSD dropI think bitcoin is heading much higher this year. But first some consolidation as indicated by a potential batman cowl from early march until now. Strong resistance at 1250 USD. The Bearish Hangman candle could indicate a move back down to line 2 and potentially the 38% retracement (~1120USD). Even stronger support at the 100 day moving average (currently ~1080 USD). Note the accuracy of various other candlestick patterns with respect to reversal identification. MACD is more neutral as of now, but the RSI is trending down nicely since early 2017, further indicating 1350 USD was the top of this leg. As we continue trending downward toward the blue diagonal lines, we form the handle corresponding to a massive 3 year CUP formation. This cup and handle (not labelled here) will forecast MUCH higher bitcoin prices.
BITSTAMP:BTCUSDShort
by FOMONOMO