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SPX: Could this be the beginning of a PULLBACK?Hello traders and investors! Let’s see how the SPX is doing today! Last Friday, we had a classic Doji candlestick pattern in the daily chart, which wasn’t triggered today, so we have no pullback confirmation yet. However, we have more key points to work with right now. Besides Friday’s Doji, if we look in the 1h chart, we see a sideways correction to the 21 ema: The index didn’t fill the last gap around 4,680, indicating a lot of strength, but we have a support at 4,681 (green line). If the index loses this support tomorrow, it’ll trigger a bearish structure in the 1h chart, a bearish pivot point (a lower high followed by a lower low). This breaks the bias, and brings a correction that will probably be seen in the daily chart. If this correction would be a price correction or a sideways correction until the 21 ema in the daily chart catches up with the price in the daily chart, we don’t know yet. Remember, none of these signs was triggered yet. Let’s wait for more confirmation. If you liked this analysis, remember to follow me to keep in touch with my thoughts and insights about the stocks and indices. Have a good week.
SP:SPX
by Nathan_The_Finance_Hydra
4
SPX'S Daily Doji candle, it's not what you think it is !With everything else absolute, this is more bullish than bearish candles. Statistic and live trading VS books, theories & paid subscriptions. Both of our studies since 2012 & sine 2016 presented before you below there is more chance to go up rather than down . That said, the formation and the recent strong bullish momentum might be favoring the other 43% of a bearish next week. -The certainty trap ‘Never’ &‘always’ have no place in MKTS! Anything is possible, and the unexpected is inevitable proceed accordingly.
SP:SPX
by samitrading
4
PYPL bullish Signal: Dragonfly Doji + CCI DivergencePYPL is currently on a downtrend, but there are multiple signs that the current trend might reverse. Price is falling while the Commodity Channel Index is rising - this is a very obvious divergence ... and an indication of a potential trend reversal. Taking a closer look at CCI and Price, we also see hidden divergence a couple of days ago (lower lows vs higher lows). During the latest divergence, we spot an interesting candle chart pattern: a Doji. Dojis are usually indicating indecision - in this case the long-legged Doji almost looks like a Dragonfly Doji. In combination with a divergence, this can be seen as a rejection of lower prices and as a bullish signal. The current monthly Pivot has not yet been touched, so the price might rise to this Pivot point at 245.97 . Interestingly, a few days ago, on October 12th, we had an almost identical setup: (minor) downtrend, bullish divergence, Doji, untouched pivot. The candle following the Doji was still red but the price went up to the monthly pivot.
NASDAQ:PYPLLong
by TradingClue
2
BTCUSD - W1 - SHOOTING STAR + DOJI !WEEKLY (W1) Prior week a "SHOOTING STAR" had been triggered which has been followed, last week by a "DOJI" which is adding further pressure to the downside as an uncertainty and indecision is growing... So what next ? Well, in looking in this weekly picture, the first significant support level @ 58'100 has been tested with an intraweek low seen last week @ 57'500. As long as the BTCUSD stays on a weekly closing above 58'100, it is OK for a the time being. A CLEAR BREAKOUT OF 58'100 WOULD PUT THE FOCUS ON THE 53'200-52'300 TRADING RANGE !!! Interesting to note that the top of weekly clouds support area is around 43'300 which is also the 61.8 % Fibonacci retracement of the 28'600-66'994, June-October rally. DAILY (D1) Looking briefly at the daily picture, the ongoing downtrend channel is intact, and levels to watch in this time frame are the following : UPSIDE : 63'000 DOWNSIDE : 60'000 A daily closing level, either above 63'000 or below 60'000 would open potentially the door for a 4'000 points move, targeting respectively a retest of former high around 67'000 and a move towards 56500/56'000 on the downside. 4 HOURS (H4) Watch the clouds ! Have a great week. Take care and all the best. Ironman8848
GEMINI:BTCUSD
by Ironman8848
2
SPX: Another RECORD HIGH! But, what if it starts dropping?Hello traders and investors! Let’s see how the SPX is doing today! The index is going up nicely, but the candlestick in the daily chart looks enigmatic, as it is almost a Doji. The long shadow above the daily candlestick is annoying for sure, and kind of ruins the bullish momentum. Since October 13, it seems the index deserves a pullback to the 21 ema again, at least, but we don’t see any meaningful weakness sign. Even if it closes doing a Doji, a Shooting Star, or a possible Spinning Top candlestick pattern, we be aware of the fact that the trend is clearly bullish in the 1h chart too: As long as we don’t see any bearish confirmation here, and a sequence of lower highs/lows, the index won’t reverse in the daily chart. The 21 ema is pointing up, and it is working as a nice support as well. This makes me wonder if a bearish candlestick pattern in the daily would be another bear trap – just a pullback to the 21 ema in the 1h chart. That’s why I prefer to use the 1h chart as a main guide for now. If it drops, ok, we have many support levels to work with, and probably the 21 ema in the daily chart will be our best indicator for now. As some of you have been pointing out, a pullback would be great, and many other stocks would probably give us buy signs. Now I think it is the time to just hold some positions, instead of buying like crazy, and wait for more signs on the index. If you liked this analysis, remember to follow me to keep in touch with my daily updates on stocks and indices. What’s more, support this idea if you liked it! Have a good day.
SP:SPX
by Nathan_The_Finance_Hydra
9
US DOLLAR INDEX - Various Reasons for Shorts at Structure Hey guys, in this video I'm going to walk you through my higher timeframe analysis on the $DXY & show you how I create a directional bias on the higher timeframes followed by what clues I use for added confirmation as I work down to the lower timeframes & look for potential reasons for entry. Please hit that LIKE button if you enjoyed the video & also don't be shy about leaving me any questions or comments below as I do read through each and every one of them Wish you a great trading week - Akil
TVC:DXYShort
by Akil_Stokes
CAR- reversal candle doji that finally comes after crazy uptrendNASDAQ:CAR Some short signs: 1. The RSI index which is already a month above 70 !! And today at 83.21 2. The stock in 7 consecutive days of gains (and after more than a month of rising trend) 3. The stock does not have too much reason for these rises, the company is profitable and everything is good but there were no significant surprises and news 4. The stock closed the previous week with a doji candle which is a reversal candle.
NASDAQ:CARShort
by AR-Investment
BTCUSD - W1- WATCH ONGOING CLOSING !Today we are going to look at the weekly picture ! My expected upside target (68'000) has unfortunately not been reached, the highest level seen so far was 66'894. Potential double top formation in progress. In addition, the ongoing weekly closing and the shape of its candle will be very important for the future !!! Indeed, currently, the current price action is showing a "doji" (shooting star !!) is in progress and a confirmation given on a weekly closing would be the first warning signal for a potential trend reversal. IMPLICATIONS (2 scenarios) : 1) BULLISH : Small consolidation towards 58'000. then sideways price action between 58'000 and 67'000 then upside breakout for higher levels (projection towards 85'000 area) 2) BEARISH : Failure to sustainably hold above 60'000/58'000 and then downtrend (higher lows) towards firstly 56'525, 53'300 and the psychological 50'000 area, which roughly coincides with the primary weekly support trend line and which is also, by the way the current level of MBB !!! For indication, the 38.2% Fib ret of the 28'600-66'994 rally is at 52327 while the 50% is at 47'797 CONCLUSION : As usual, watch Daily picture and intraday time frames to get intermediate clues which will help you to validate or invalidate the scenarios above developped. On D1, the support on the ongoing upside channel is under attack and current level is under TS; a failure to hold above MBB, currently @ 58'720 would also be, on this time frame a first warning signal, calling for potential downside. On H4, currently inside the clouds support area, bottom zone being currently around 59'000 On H1, Currently below the clouds for a while in an ongoing downtrend price action; a move above 62'000/63'500 (above the clouds) would temporary neutralise the ongoing selling pressure. Do you like my analysis ? If yes, please, do not forget : 1) To like it 2) To add Ironman8848 on your following list (it it is not done yet :-) Have a nice Sunday and take care. All the best Ironman8848
GEMINI:BTCUSD
by Ironman8848
BTCUSD -H1_ 60'000 FILLED ... POTENTIAL REVERSAL !!!Today, we are going to look carefully at the price action seen on the hourly chart which is showing that the BTCUSD has briefly reached the important psychological resistance level of 60'000. More important is to analyse the recent and current price action !!! Indeed, the top of the ongoing uptrend channel has once again been briefly broken on the upside, which trigger a first warning reversal signal shooting star -doji ! Therefore, price action over the coming hours will be crucial for the short term future. Indeed, a failure to clearly break and hold above 60'000 would add further selling pressure, calling for further downside towards 58'500 first (cluster support) ahead of 58'000 (MBB) and leading indicator. UPSIDE : The highest weekly closing level seen so far is 59'980 which corroborate perfectly my analysis which tell me that a weekly closing level above 60'000 would be very positive and would confirm further upside towards previous ATH over the coming week. Do you like my analysis ? Please do not forget to like it and to follow me as well. "Alone you go faster and together we go further" :-) Have a nice day and all the best Take care Ironman8848
GEMINI:BTCUSDShort
by Ironman8848
USDJPY - LONG POSITION, Break above previous structure.EHaving broken structure looking left, there may be cause to expect price to further rise. Daily Trend - Identified as Bullish 4hr - Previous structure highs broken, printing a doji currently however, end of trading will be affecting over the weekend. Entering next bar market if no engulfing candle is present, or large jumps. Stops placed an ATR below the minor level of structure, previous red candle. Targets currently at lowest Fibonacci level identified. - Try extending Fibs from previous extension, fib inversion, etc. Lots of matching levels. Risk/Reward currently above a 1:1 however, have to check before possible entry.
Long
by shprice
ETHUSD -D1- UNCERTAINTY AND INDECISION IS PERSISTING !Yesterday's price action triggered a "DOJI" pattern which is showing a "persisting uncertainty and indecision" about further direction. Indeed, such kind of pattern should be seen as a gentle warning reminder which could impact the recent ongoing uptrend price action... As long as the ETHUSD hold above the clouds area (support area) it is fine and this could be considered as a consolidation phase (corrective move only) and not as a reversal yet ! On the other hand, a failure to clearly breakout the former high (3654 reached yesterday) (daily closing basis !), should trigger a renewal selling pressure in putting the focus to the clouds support zone (3500-3000) and this, on a daily basis analysis. Last but not least, a sustainable move below the former downtrend line resistance (triangle top line) would also confirm a "bull trap" !!! and probably, accelerate the downside move towards, firstly the 3'250-3150 cluster support area ahead of the clouds bottom level previously mentioned around 3'000 CONCLUSION : LEVELS TO WATCH : UPSIDE : 3'650 DOWNSIDE : 3'450-3'400 Watch also carefully price action on the Lagging line ! WEEKLY PICTURE . Still in a broad downtrend ! H4 : Currently showing a sideways price action (3'350-3'650) Supported for the time being by TS and MBB H1 : Still above the clouds. Watch 3'500 as short term support level Ironman8848
by Ironman8848
BTCUSD - H4 - "DOJI" WARNING ...!Today we are going to look at the 4 hours chart. Currently catch in a sideways broad 47'500-50'000 trading range. Indeed, after having filled the triangle technical target @ 49'421, the BTC pushed still a little bit higher towards an intraday high so far @ 49'811, being unable, so far to break the psychological 50'000 important resistance level. In addition, last H4 candle, triggered on a closing basis, a "Doji" pattern which should be seen as a first warning signal for a potential trend reversal.(should be confirmed !) Moreover, RSI is showing successive bearish divergences ! Therefore, next H4 closing level should be watch at very carefully and will give more clues for the next move; in the meantime, as always, monitor price action on shorter time frames to get intermediate signal (s) (such as divergences) which will help you to act accordingly. A successful upside breakout of 50'000, would put the focus on the 51'000 (weekly downtrend resistance line) area ahead of 53'000 zone, former high of beginning of September. On the downside, looking at the daily picture, first significant support to look at is the top of the clouds (former resistance which becomes now the new support level), currently around the 48'000 level. If you like my analysis, please do not forget to support with a like and a follow. Thanks. Ironman8848
BITSTAMP:BTCUSD
by Ironman8848