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Hammer

Breakout from Falling Wedge hammered into Cup and Handle! The breakout from the Falling Wedge seemed to get hammered down pretty quickly! o.O But the pattern then took the shape of a cup and handle! ^^ This indicates to me that the bulls are determined to break through, and they're probably going to succeed this time! Unless of course there's another hammer waiting to knock the break-out back downwards again. If that happens, the next pattern will decide the trend for the rest of the week until weekend! What will it be? I think the bulls will break free. But there's no way to be sure, unfortunately! 𝔡𝔢𝔲ℨ𝔦𝔤𝔢
by addegaaidanouzelfzoek
What to expect next week? (another target hit) 🎯Yes, we got it right another good movement on NIO, e just missed the target for 20 cents! I’m sorry, but I’ll consider it target hit! The RSI was extremely oversold this morning and NIO bounced back to the 38.2% retracement. Now we have a hammer in the 4h chart, but we are still trapped inside the retracements, and I don’t see NIO doing nothing good while it is between these points. But if it triggers the hammer I’ll consider a good thing! Today I won’t set any target for NIO, and I’ll just wait for new movements next week. I’ll update you guys on Tuesday. If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉. See you soon, Melissa.
NYSE:NIO
by UnknownUnicorn21312077
6
DON'T fade a Daily Shooting Star on a resistance levelHi Traders, STATEMENT The aim of this post is to provide you a detailed explanation on how to use the daily time frame to create an explicit expectation of direction in the market you might be trading. Directional bias can give you a huge hint on how to trade on lower time frames (e.g., hourly time frame). RATIONALE What is the value of determining a directional bias before thinking on taking a trade on a lower time frame? Proper identification of possible areas of support and resistance. To avoid fading high probabilities daily candles we wouldn't be aware of their existence if we would only stick to lower time frames. To facilitate the TP placement. Doest it mean that I cannot fade a Daily bias? It will entirely depend on the date that you should gather before even thinking of trading a pair. Every traders should collect data over the past 3 years (at least) for each market he/she is trading, that provide a feedback about "How many times a D1 Candle is confirmed or faded (%)"; How long does it take for the trend to confirm/fade a D1 bias (number of days)." THE PLAY With that in mind, let's have a look at the OANDA:EURUSD chart on the Daiy time frame and lets focus on what happened at the end of February 2021. First of all, we identify daily levels of support and resistance (1) and (2). We have identified those 2 as they clearly were rejected several times since August 2020. Still on the Daily time frame we can also identified a inverted head and shoulder pattern. This one in particular is very obvious to identify, meaning that a considerable amount of retail traders are most likely going to play it long whether on a breakout or on a break and retest around the marked price in below screenshot. If we move forward one day, the 25th of February 2021 , a Daily Shooting Star is printed showing that buyers lost control by the close of the day, and the sellers may be taking over. At that moment it's highly probable that a big amount of retail traders are trapped as they went long after identified an inverted H&S pattern. But for us, it means that we've just established a bearish bias and will seek an entry on a lower time frame. On the H1 time frame I will look for an entry below the D1 area I marked as support/resistance level. Additionaly I'm also drawing H1 levels that I consider as potential trouble areas where the price could react significantly. We have now identified our entry point. THE RESULT Price hit our TP on 5th of March 2021, generating a ROI of 4.14% . Feel free to like, share and to leave a comment and ask any question you would have regarding this play :)
by cmacquet
How to be careful from misleading Indicators | XRPUSD reversalAny feedback and suggestions would help in further improving the analysis! If you find the analysis useful, please like and share our ideas with the community. Keep supporting :) Quick glance: In our previous analysis on XRPUSD , we discussed about Ripple losing a massive market cap. Right now, XRPUSD had a massive reversal. It has taken support from the lower Bollinger bands. Market in the last 24hrs The last 24 hours were quite a roller coaster. All major cryptos witnessed a huge selloff including ETH, BTC, DOT and others. Trading volumes also spiked up tremendously. Today’s Trend analysis XRPUSD seems to be having a massive reversal. At the end of the downtrend on the 4H chart, there appeared to be a 'Hammer' formation. However, the patter could not be confirmed as the 2 following candles were red, thereby negating the reversal after the 'Hammer'. Stop losses would have been triggered for traders taking long positions after the hammer. Therefore, it is always crucial to wait for the confirmation candle, even if it eats into some of the potential gains. It hedges against fake-outs! The reversal happened after XRP took support from the lower band of the Bollinger Bands. The volume profile shows the demand zone at $0.8688, which is 40% higher than current levels. Price volatility remained extremely high at approximately 24.53%, with the day's range between $0.5231 — $.6514. Price at the time of publishing: $0.6315 XRP's market cap: $29.04 Billion Out of 11 Oscillator indicators, 9 are neutral,1 is bearish, and 1 is bullish. Out of 15 Moving average indicators, 11 are bearish , 3 are bullish and 1 is neutral . Indicator summary is bearish for XRPUSD in the shorter timeframe. Volumes have spiked up tremendously in the past 24 hours. ---------------------------------------------------------------------------------------- The analysis is based on signals from 26 technical indicators, out of which 15 are moving averages and the remaining 11 are oscillators. These indicator values are calculated using 4Hr candles. Note: Above analysis would hold true if we do not encounter a sudden jump in trade volume . ---------------------------------------------------------------------------------------- Any feedback and suggestions would help in further improving the analysis! If you find the analysis useful, please like and share our ideas with the community. Keep supporting :)
BITSTAMP:XRPUSDEducation
by Mudrex
2
Let's watch MSTR! High risk - high reward! 👀MSTR just went down to close a gap, and now it looks like it wants to react. In fact, now is a good time for a bullish reversal, as we are near support levels. The problem is the 20ma, but the 4h chart looks interesting: We hit a support level, and now we have a hammer candlestick trying to reverse the trend. The RSI was overbought, but after today’s drop, it is back to normal. I wouldn’t say it is a buy right now, but we must keep our eyes open. In the daily chart we are just above the 20ma: If MSTR breaks the 560 again, it can go up for the 650 next. But if it loses the 513, then it’ll keep pushing down to the 420! . Let’s wait for a confirmation here on MSTR! Also, with the proper risk management, everything is possible ;) If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉. See you soon, Melissa.
NASDAQ:MSTR
by UnknownUnicorn21312077
1
We aren't going to 26... We are going to 30! 😲Hey, guys! Yes, PLTR can break the 26 target and hit the 30s next! It’ll all depend on how it’ll deal with this pivot at 25.55 in the 30min. If breaks this point, I believe it’ll break our target at 26s, and the 4h chart shows a similar idea: The pivot at 25.55 is also a trigger point for the hammer seen today (black arrow). PLTR did this pattern in a support area, and this is a nice buy sign. We just have to be careful with this red line, tho. This will make PLTR gain momentum again, and the 30s is the next stop for us! Let’s watch this pivot! If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉. See you soon, Melissa.
P
by UnknownUnicorn21312077
8
be greedy when others are fearfulbe greedy when others are fearful. A hammer is a type of bullish reversal candlestick pattern, made up of just one candle, found in price charts of financial assets. The candle looks like a hammer, as it has a long lower wick and a short body at the top of the candlestick with little or no upper wick If there's a higher volume of trading in a particular stock, that naturally means that investors are interested in buying or selling it. If volume and price are on the rise, it means investors are betting the company will do well. If volume is up but price is down, it means more investors are looking to sell.
Long
by farshicl
5
I have good and bad news! 🤔Ok, MSFT looks interesting right now! We have a double top (not triggered yet), and an advanced breakdown (RSI). This makes the 249.27 the next target for MTSF in the 30min chart, but the 4h chart looks good. Yesterdy MSFT did close the gap at 243, and it did a hammer. Now we are flying, and it looks like any pullback in the 30min will be an opportunity to buy. We have a gap at 261, which might be filled in the next days. To sum up, I’m bullish, but if it hits the 249 again I think we’ll have just another chance to buy. If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉. See you soon, Melissa.
NASDAQ:MSFT
by UnknownUnicorn21312077
2
SPX: All according to our plan! What's next?Hello traders and investors! The index did exactly what we said here, two days ago, and now it is time for an update. The link to our previous analysis is below this post, if you are curious. First, it hit the dual support level made by the two black lines and it is already bouncing back up. We have a congestion in the 1h chart, and the 4,180s is the bottom area. Now it seems the index is seeking the ATH. In the daily chart, we retested the 21 ema, as we already expected we would, and we have a nice Hammer pattern. The 4,238 is the next target, but we must not lose the dual-support area in the 1h chart, as this could indicate a further drop ahead. Let’s be careful here! Remember to follow me to keep in touch with my daily updates, and please, support this idea if it helped you! Thank you very much!
SP:SPX
by Nathan_The_Finance_Hydra
5
It almost hit our target today! What's next for us here?TSLA is doing very well, as it did trigger the buy sign we’ve been talking about, and it is flying right now. All the points we talked about in our last analysis are working pretty well. It did a false breakout from the bearish pivot point in the 30min, and it did a hammer that closed above the 20ma, a buy sign for sure. But a correction to the 596 is expected, and TSLA was pretty overbought today. Anyway, TSLA just broke a pivot point, and the trend is now bullish. We have a better view about the importance of the 596 in the 4h chart. Tesla might seek it again, but since it just broke the pivot point in the 30min, this could reverse the trend in the 4h chart as well. Anyway, TSLA almost hit our target at 626, but I think it’ll still hit there, let’s just give it more time. If TSLA breaks the 626, the 683 is the second target. If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉. See you soon, Melissa.
NASDAQ:TSLALong
by UnknownUnicorn21312077
Target for this advanced breakout on PLTR!Hello Tradingview community! We have a strong divergence on PLTR, and an Advanced Breakout on the RSI. I did an educational post about advanced breakouts and how to trade them, I recommend the reading! ;) Now PLTR is in an extremely oversold area, and it will likely do a rally next. In the 4-hour chart we have a good looking hammer, and a rally to one of the fibo retracements is very likely, given the RSI divergence + advanced breakout in the 30 minutes chart, and this hammer in the 4-hour chart. The $ 22.41 is a good exit point. If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉. See you soon, Melissa.
P
by UnknownUnicorn21312077