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Hammer

Possible bull continuation at the bottom of a forming triangleTriangle formation at 1D time frame. It is resisted three times to the long side along the trendline. It also supported two times the second time with a hammer at the bottom. I could possibly continue up to the bull side if we get one or preferably two more confirmations to enter. It could also retest and continue down to the main upward trendline, but again we need more confirmation to enter either side, but for now I am inclining myself more to the bull side.
NYSE:CHGG
by gsotolongo
#US500 #SNP500 #SPX Bearish Hammer Candle Trader, there is a Bearish Hammer Candle #US500 #SNP500 #SPX. ____________________________________________________ Traders! if you like my ideas or have your own ideas to share on this market, comment below so that we can discuss. Disclaimer: The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only. Not a financial advice or signal. Please make your own independent investment decisions. ____________________________________________________
OANDA:SPX500USDShort
by vikinsa
6
AMD - Correction Is Over, AlphaOverBeta Technical AnalysisHello Traders, Analyzing AMD from the technical perspective, we see that the peak was reached at 57$, After that, the stock retraced some of the gains and went back to the support of 52$ and the stock is now ready for the next leg up. Our stop loss is set at 49$, a healthy 3$ spread, there is a greater chance that the stock will move to the upside but in case it does not and the correction turned into a downtrend, we close the entire position at 49$ Today (May 27th) is an interesting day for the price pattern of the stock, a clear hammer is formed supporting the uptrend hypothesis, The support of the 52$ is also the 50 days EMA which also served as support since April 2020. Trade Smartly, Alon, AlphaOverBeta
NASDAQ:AMDLong
by Alon_AOB
5
GBPJPY - H1 - Double Top - SELLGBPJPY - H1 -Double Top - SELL We have a breaish trend on the H1 chart and price made a Double Top with a Pullback under the 200 MA, with long wicks candles: a Hammer and a shooting star this tell us that de Bears are taking the lead. We enter short @ 130.75. ■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■ Entry: 130.75 | Stoploss: 131.25 | Takeprofit1: 130.05 | ■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■ ■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■ If you like this idea please click the like button to support this channel, thanks. ■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■ Disclaimer: All information and ideas provided is for educational purposes only. It is not a recommendation to buy or sell. ■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■
Short
by Sami_Derti
1
Price action & Psychology - Triple bottom, rejectionHello ! Key points: Triple bottom Rejection at support Spike in volume That price rejection actually tells us that people were afraid and panic sold at open, driving the price down until it encountered some buying pressure and price went back up. When gauging this candlestick pattern, it is important that : It is at a support level Occurs after a selling wave Shadow/wick goes below previous swing point low A volume increase An obvious wider price range Look at the previous candlestick, it clearly tells us that there was some buying pressure but not enough momentum to carry the price up. Furthermore, it pulled back, I'd guess, halfway at previous "resistance" from the second bottom. Thanks for reading and if you have suggestions or wanna discuss the idea, just leave a comment, I'll be happy to answer. ***Disclaimer : This is not an advice to buy the stock. Please, be aware that trading is a matter of probabilities and that it takes only ONE trader to deny your trade.***
QLong
by UnknownUnicorn6734025
GBPUSD: Live trading updateHello all, If you saw my previous chart on GBPUSD, you would know that I am in an active short since the orange line. Here's a quick look into what I'm observing while the trade is active. On the 4hr time frame, we have developed a channel. The current candlestick is a particularly important one: If we close this candle within the channel, and form a "hammer" style candlestick, it is likely we will see a reversal and push toward the top of the channel again. If the hammer forms, I will close my short temporarily. However, If we close outside the channel, the candlestick will be much more bearish. It will be the third red candle, creating a three black crows pattern which is very bearish. If this occurs, the short will remain active. Happy trading!
Short
by infbp22
NASDAQ – A good, technical trend.After NDAQ triggered this Head & Shoulders, the target of this pattern is the 116.19 (green line). Now, we see a pullback, and today the price met the 21 ema and formed a harami / hammer. It is very good, and if triggered could be a very good, quick trade, with a clear stop and nice risk/gain relationship. I wish it would sink a little lower, to 100 point region (blue line), because it served as support and resistance alike in the past (green squares). But we should work with we got. The low volume of today’s candle is a little disturbing, so, keep your eyes open. The hourly chart gives us more clues about what’s next. There are two supports here, the red line and the blue line (which is the same from the daily chart). If it goes down that region, the pullback will continue a little further. 1H chart: We can also see a double bottom here (Eve & Eve double bottom), that could take the price easily to 111. The setup here is simple: If the price breakout the 106, and the candle closes above, it is a long trade. This pattern has 66% chances of a pullback rate, so prepare yourself. If it helped you, support the idea and follow me for more analysis. Thank you. Good trades.
NASDAQ:NDAQLong
by Nathan_The_Finance_Hydra
Monday Was a Classic ‘False Breakdown’ in the S&P 500False breakdowns and false breakouts can be some of the most powerful reversal patterns in the market. We saw the start of one last Friday, when the S&P 500 closed below the key 2347 low from December 2018. Many traders had been watching that line in the sand as key support since the selloff began weeks ago. The bears managed to score some early victories with a big limit down on Sunday night. But then the Fed unloaded a bazooka full of cash and the sellers couldn’t push prices any lower. Unlike other limit-down moves, this time the regular session had no follow-through below the overnight price action. That was the first sign things were different. The second sign – and real signal – came first thing the next morning when SPX ripped above 2347 and never looked back. That erased the significance of the breakdown and confirmed the key support line. The candle’s long tail also created another potentially bullish reversal pattern: a hammer candlestick. In conclusion, support and resistance lines are always important but the stage of the move can matter more. The initial breakdown under 3200 on February 25 was a big deal because it confirmed the beginning of a trend. But after four weeks of vicious downside, SPX’s failed violation of 2347 could mark the end of its current decline.
SP:SPXEducation
by TradeStation
1