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Hammer

U.S. Bonds & Stocks is ready for a rebound, why?One of the ways to determine U.S. stocks and indices’ direction in the long-term is to also know where the U.S. bonds markets are heading. Why? This is because the US bonds, its market capitalization can be as large as all the U.S. stocks market combined; therefore, it is also as important to also track its direction. In the macro trend over generations, the bonds move in tandem with the stocks market, meaning if bonds are heading up, the stocks market will likely follow. • Where is the main trend of the 30 Years T-Bond? • Why is the stocks market due for a rebound in the coming week? For this demonstration, I am using the CBOT U.S. 30 years T Bond Futures. If you are interested to research and explore into other treasuries tenures and the yield curve, under symbol search, Futures tab – search for Bonds, Notes or Yields. Disclaimer: • What presented here is not a recommendation, please consult your licensed broker. • Our mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and a bolder risk when opportunity arises.
CBOT:ZB1!Long
by konhow
TOTAL Crypto cap - Mega support, 200MA + 0.382 FIB + MACD/RSI- It is a common thing to test the previous all time high (in this case from 2018) on the weekly chart. - Last weekly candle has a huge wick, which is definitely a good sign for all bulls! - 200 moving average is a strong support and the price is currently sitting on this level, which provides us with a good buying opportunity. - 0.382 FIB retracement is also a noticable support level on the LOG scale. - As per my Elliott Wave analysis - ABC correction should be completed on the macro scale and now we are ready for another bull market! - We have a falling wedge - bullish reversal pattern or a bullish flag on the weekly chart. - Indicators: RSI oversold and MACD first bullish tick. - There is a tremendous confluence to buy cryptocurrencies at this moment! - Look at my ideas about Bitcoin and Ethereum in the related section down below ↓ - For more content, please hit "Like" & "Follow"!
CRYPTOCAP:TOTALLong
by UnknownUnicorn2537518
1
2 Steps in Drawing a Downtrend Channel A buying strategy in a downtrend. How to identify buying opportunity in a downtrend? Not my preference to buy in a downtrend, but that does not mean we should avoid it when buying opportunity arises. Recognizing it is a downtrend, we keep our buy position short-term; as we are going against the trend. Discussion: Rules in constructing a downtrend parallel trendline Rule 1 – First the downtrend line Rule 2 – Then, its parallel Disclaimer: • What presented here is not a recommendation, please consult your licensed broker. • Our mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and a bolder risk when opportunity arises.
CBOT_MINI:MYM1!Education
by konhow
39
SPX: What does it take to reverse? Watch these technical points!Hello traders and investors! Let’s see how the index is doing today! First, it is back to our “neutral zone”, but the reaction since the last bottom was quite strong, and we broke the 21 ema as well. Now, it seems it has only to break the resistance at the 3,979 area in order to fully reverse and enter bull territory. If it drops again, that’s expected, but if it loses the 21 ema again, it’ll lose strength, and the bullish bias will get weaker again. Either way, we don’t see a clear bullish structure in the 1h chart yet, like a bullish reversal candlestick/chart pattern (just a V-shape recovery which is taking us to the resistance at 3,979, but that doesn’t mean much). Let’s take a look at the daily chart for more clues: Unlike the 1h chart, here we see some important reaction, it is not much, but might be the beginning of a bullish movement. Last Friday we saw this Hammer candlestick pattern, closing above the previous support at 3,858 after a brief intra-day violation, aka false breakout. The size of the shadow under the candlestick’s body was impressive. Usually this indicates a lot of buy force, in an attempt to reverse, and this is our first bullish reversal sign. Today’s candlestick is bullish, which is good, but the next thing the index must do in order to reverse is to break the purple trend line. The trend will remain bearish as long as we stay under this line. If we do break it, the next resistance will be the red line at 4,090. If the index breaks the 4,090 it’ll trigger a Double Bottom chart pattern, a reversal pattern that could lead us to the 4,300, at least. This is what it takes for the index to reverse, and we must watch these key points closely from here. I’ll keep you guys updated every day on this, so remember to follow me to keep in touch with my daily analyses!
SP:SPX
by Nathan_The_Finance_Hydra
5
SPX: Hit our TARGET but it is CRASHING now! What's next?Hello traders and investors! Despite the volatility, the index did exactly as we described in our last analysis. It hit our target, and it is crashing. Let’s see what’s going on. Yesterday I mentioned the 4,200 as the key point that would bring the index to the 4,299 (purple line). The index hit our target with an incredible precision, just to drop again. The link to my previous analysis is below this post, as usual. Today, it gapped down (yellow square), lost the support at the 4,200 (previous resistances should work as support levels, in theory), and it lost the 21 ema too. Now, it seems it is seeking the next support at 4,148 (black line). If the index loses this black line, it’ll face some problems, as the next support is only at 4,062. Let’s take a look at the daily chart for more clues. Today’s reaction is rejecting the bullish candlestick it did yesterday, and it is below our support at 4,167 again. It almost hit the 21 ema in the daily chart, something I was expecting it would do since it did the Hammer candlestick pattern on May 2 (just check my analysis on May 3 for more details). This reversal pattern was a success, as we expected, but right now, we can’t say the index is a buy again. It is not a sell either, as we are just at support levels and the risk/reward ratio is not attractive at all (to me, at least). For now, I’m neutral on the index, but many individual stocks are looking incredible, if you ask me. There are plenty of opportunities out there, much more interesting than the SPX, if you know where to look. I do daily analysis on the SPX, so if you want to keep in touch, remember to follow me to not miss any of my future analyses. Have a good day.
SP:SPX
by Nathan_The_Finance_Hydra
11
SPX: About to trigger a REVERSAL!?Hello traders and investors! Let’s see how the SPX is doing today! First, it is doing exactly what we expected it would, as it corrected in the 1h chart. It just hit its 38.2% Fibonacci’s retracement, and it is reacting now. We talked about this yesterday, in my previous analysis, and the link to it is below this post. This reinforces the reversal patterns it has been doing, and we have a new key point to watch: The 4,200 (red line). By breaking this point, the index will trigger a bullish structure (a higher high/low), and it’ll leave the 21 ema behind. This could bring the index again to the 4,299 (purple line), filling the previous gap (yellow square), and it'll be the confirmation sign we need. The index must not lose the 38.2% retracement; otherwise, it might ruin the pattern. In the daily chart, we already dropped too much, and the index triggered the Hammer candlestick pattern we talked about yesterday. What’s more, we just hit an important support level, so the timing couldn’t be better. The volatility will surely increase in the short-term, but as long as it doesn’t lose the 4,062 the index won’t resume its bearish momentum. Given the technical signs I described in this analysis, I see the index retesting its 21 ema in the daily chart in the next few days. Then we’ll see if it is a Dead Cat Bounce or not. Either way, the Risk/Reward ratio favors long trades, and I see movements like this as opportunities to buy. There are dozens of great stocks out there looking amazing. For now, let’s keep our eyes open at the key points mentioned in this post. I’ll keep you guys updated every day, so just remember to follow me to keep in touch with my future analyses!
SP:SPX
by Nathan_The_Finance_Hydra
2
SPX: Time to BUY the DIP? Only if it does this...Hello traders and investors! The SPX dropped sharply after it lost our support at 4,456, so we have a lot to update. First, as we already discussed in my last analysis, the 4,456 was the key point, and only by losing it, we would see a bearish reversal. I’ll leave the link to my previous analysis below this post. Now the index lost all of its support levels, and there’s nothing indicating it could reverse from here. We had a good reaction yesterday, but this is not enough, and I don’t see any clear bullish structure in the 1h chart that could convince me that the index will fly again. However, if the index reacts and breaks the 4,299, I’ll consider it a great sign, and it might be the reversal structure it needs (it must not lose the 4,200, though, otherwise, the bear trend will likely persist). Now, let’s see the daily chart: Yesterday the index did a classic Hammer candlestick pattern, a good bullish reaction, but to me, this pattern would be much more appealing if it appeared closer to the support at 4,167. Either way, it is a Hammer and the volume was above the average, indicating a possible exhaustion of the bear trend. The points mentioned in the 1h chart (resistance at 4,299 and support at 4,200) are this Hammer’s high and low. If it loses the 4,200, it’ll just resume the bear trend. However, the 4,299 is yesterday’s high, and if the index breaks this point, it’ll trigger this Hammer pattern, along with a possible bullish structure in the 1h chart (as we already mentioned), and this is the confirmation sign we need. Let’s keep our eyes open at the 4,299, as this seems to be the most important resistance on the SPX! I’ll keep you guys updated on this, so, remember to follow me to keep in touch with my daily analyses! I couldn’t update you guys last Friday and yesterday, but the link to my previous idea is in the link below.
SP:SPX
by Nathan_The_Finance_Hydra
3
Falling Wedge- Bullish - UpdateBig falling wedge on LAC here- Played the last run-up when it was setting up very similarly to how it is now. Clean Bullish hammer bouncing right off the 200-day EMA, some bullish hidden divergence on the RSI, MACD golden cross. Bullish and will be looking for a breakout from this wedge (Broader Market Conditions Permitting)- Just some support and resistance levels to keep an eye on along with some RSI-based supply and demand zones in the meantime - Falling Wedge - MACD Golden Cross - Hammer off of the 200-day EMA - Bullish Hidden Divergence on the RSI PT1- $25.89 PT2- $26.94 PT3- $27.38 PT4- $30.53 --Previously Charted--
NYSE:LACLong
by jacobosiason7
3
SPX: Dead Cat Bounce or not? Next key points to watch!Hello traders and investors! Let’s see how the SPX is doing today! In the 1h chart, it is clearly in a bull trend, doing higher highs/lows. There’s not a single bearish candlestick/chart pattern around, so all we can assume is that the trend will persist, until a clear reversal occurs (Dow Theory, 6th tenet). If it loses again the purple line, then it’ll ruin the bullish bias. This purple line is important because it was a previous top on Jan 26, and it is working as a support today. According to the Principle of Polarity, previous support/resistance levels are going to work as resistances/supports in the future. We have a gap around 4,625, which is a natural target of this bull trend. After many weeks, the SPX finally lost its purple trend line in the weekly chart, indicating some long-term exhaustion. This is different from a bear trend, as we lack bearish structure, but is a warning sign for sure. It is good that it did a Hammer candlestick pattern just above the previous support at the black line, last week. This week, it is trying to resume the bullish momentum, but the question is for how long it’ll keep going up. Or even better, is this a Dead Cat Bounce or not? What’s the difference? Well, we just hit the 21 ema in the weekly chart, if it triggers a bearish structure over there, the chances of a DCB increases. For now, there’s nothing to do but wait for more signs, otherwise we would just be guessing. If you want to keep in touch with my daily analysis, remember to follow me and I’ll keep you updated.
SP:SPX
by Nathan_The_Finance_Hydra
13
We look for Reversals...Just an insane day in the Markets, As we knew.. we did not hold short. What did we know, we look for a reversal. We hit our outside quarter target and fell a bit more towards our 420 level before ripping almost 20 points into the close. Is this the bottom? It does NOT MATTER. We trade what we see, each day is a new day. This market can fall just as quick. We add our probabilities and take the highest set ups. Good job to those who caught the reversal here.
AMEX:SPY
by MoneyFlow_Options_Community