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PLUG Ascending TriangleAnalysis: PLUG never ceases to amaze me. Technically, I think this has more to go. It's set up nicely near the apex of an ascending triangle that has been forming for two weeks. Today's candle showed a hammer formation with buyers stepping up end of day to take back control. However, volume has been tapering lately which is a concern. Either side could step up and push this stock. This has been flirting with the upper resistance level the entire triangle. I'm thinking a small pullback tomorrow to test the 8 EMA. If it breaks resistance at the $28.70 level, I want to see heavy volume lift it past resistance. Strategy: I've been a PLUG holder for a while now. But I, personally, am going to pick up $30 calls with Friday expiry if this touches into the 8 EMA. There's a good amount of liquidity weighted to the call side. Whole numbers are the hot spot due to its psychological effect. Please note, I am not an advisor. This is my opinion. Leave a comment, though, and tell what me your thoughts!!!
NASDAQ:PLUGLong
by NetWorthFocused
NIO: Another interesting pattern appears!Hello traders and investors! We have a Red Monday today! Let’s see how NIO is doing right now. We have a correction in the hourly chart, and it seems the support area around the pink line ($ 49.31) did hold the price very well today. Now NIO is doing another Hammer candlestick pattern in a support level, and this usually attracts buyers. It must not lose the support area, because the market may see this Hammer as a bull trap, and NIO could easily drop to the $ 42.51 again if this happens. As long as NIO keeps above the support area, the trend will remain bullish. We have what seems to be a Descending Triangle chart pattern as well, and usually this is a continuation pattern, meaning that the odds favor the bulls. Now let’s look at the daily chart: The Triangle pattern seen in the hourly chart turns out to be a correction in the daily chart. The volume decreased in the past few days, maybe because of the Holiday in the U.S., and it seems the 21 ema is trying to reach the price. This is what we call a Time Correction. Also, this indicates that the bull trend isn’t in danger. There are still no clear reversal patterns around here, but we must keep our eyes open at the $ 49.31. And if you liked this analysis, please, support it! And follow me to keep in touch with my daily updates. Thank you very much.
NYSE:NIO
by Nathan_The_Finance_Hydra
9
NIO: Key Points and Trading Plan.Hello traders and investors! Let’s talk about NIO today! It made a scary movement today, let’s see what’s going on here. First, in the hourly chart, the trend is clearly bullish , and this didn’t change since our last analysis (link below). But NIO did something new today, it couldn’t keep above the green line at $ 43.29, and the 21 ema is flat again, for the first time since Oct. 27. There’s still the possibility of this movement to be just a sideways correction , but for that to happen NIO must not lose the $ 39.74 again. It did a false breakout from this black line, and it did a hammer candlestick pattern. If NIO trades again under the black line, it could lose the Hammer’s low as well, and this would trigger a bearish pivot , and surely would lead NIO to a sharper pullback in the daily chart: A pullback to the 21 ema would be natural and expected and shouldn’t scare anyone here. NIO could even hit the $ 29.40 and the trend would still be bullish. But if you don’t want to ride a pullback, keep your eyes at the points mentioned in the hourly chart, as if NIO loses them, it’ll drop a little more. Then you can just buy back when it hits one of its supports (21 ema or green line), as the trend is bullish, so the odds would be in your favor, and it could give you a very good trade, with a nice Risk/Reward ratio. Let’s see if NIO will resist in the hourly chart. So far, it is handling well, but we could use a pullback here for sure. Now, if you liked this idea, please, support it ! And follow me to keep updated about my daily analysis. Thank you very much. Trade well.
NYSE:NIO
by Nathan_The_Finance_Hydra
9
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OANDA:XAUUSDEducation
by Fx_Vanguard
Strong rejection from the bottom trend line againWhen you are looking at the 4 hr time frame you can see a hammer with a nice long wick rejecting the trend line, which goes for the same for the daily time frame. A consolidation period might happen on Monday and than the bulls will come through and bring the price to a new high as you can see on the daily time frame it continuously has made higher highs. Bare in mind watching the economic calendar. There is high impact news coming in on Thursday where the European central bank will be discussing the monetary policy, the main refinancing rate and a press conference. Most of them will have a longer term impact on the euro, however I am expecting the EUR/USD continuously making higher highs and breaking through the 4 month long resistance
Long
by Andyyeboa
TSLA: What's next?Hello traders and investors! As its Friday, let’s do our usual Multi Time Frame Analysis (MTFA) on Tesla! It did a phenomenal movement today, just when everybody thought it would finally drop! The situation is more complex than usual. The hourly chart is still bearish , and today’s movement could be just a pullback to the 21 ema, which is pointing downwards, and after it lost the purple trendline , we only see descending tops and bottoms. As long we don’t see ascending tops and bottoms, Tesla will continue to fall. This is quite bearish. Also, we have this blue line at $ 372.20, which we will talk about later. On the other hand, we have the daily chart: After Tesla triggered the Dark Cloud Cover candlestick pattern on Sep. 2, it just did what it was supposed to do: It looked for its supports. The first target was the 21 ema , and it held the price very well today! I see the purple line at $ 359 as a very important support, but since the pullback was very weak today, Tesla didn’t even hit it. Right now, the candlestick is a Hammer , which is a bullish pattern ( at least in theory ), especially now that it is close to a support level. The hourly chart is bearish, the daily chart is bullish. How about the weekly chart? See why I find this purple line important? It is a pivot point in the weekly chart. If Tesla loses it, the next target is the 21 ema, and it will be an indicator that the trend is finally losing it strength in the mid/long-term. Remember the blue line seen in the hourly chart? If TSLA loses it, could trigger a pivot that would lead it to the purple line seen on the daily/weekly chart. The fight will be very intense if Tesla hit this point! And if this purple line will be lost, Tesla will frustrate the bullish pivot seen in the weekly chart , and it could sink down the price a little bit more. Either way, the decisive movement can be spotted on the hourly chart first. Let’s keep our eyes open! And if this idea helped you, please, support it! And I invite you to follow me to keep in touch with my daily analyses. I’m sure you’ll find something helpful around here. Stay safe.
NASDAQ:TSLA
by Nathan_The_Finance_Hydra
19
📖 Japanese candlestick charts. Part 1We are beginning a new theme “Trading strategy’s most important technical analysis tools”. Today we are going to tell you about the most important things in trading, candlesticks! 📌Japanese candlestick charts were developed in the 17th-18th centuries by the Japanese rice traders. They were introduced to trading by Steve Nison in the 20th century. It's a simple, but very important tool for technical analysis, as these candlesticks contain different information about the market. I guess that everyone in this channel already knows how to read candlesticks, so we are going to talk about their usage. ⚡️First — its form, this shows market participants’ state and mood. It could show their doubts/balance (doji) or trend exhaustion (graph looks like a hammer or a falling star). There are only a few main models, and we are going to talk about them in the future. However, you can start learning about them yourself by saving the screenshot below. ⚡️Candlesticks show reversals and it is what we need in trading. By trading reversals you are catching the trend, it could be short or long. However, you will be able to understand when the trend is exhausting and you will be able to leave trade when there is a reversal. In addition to the presence of the reversal pattern itself, the preceding trend is important, you have to have at least 3 candles. If there isn’t a clear trend, then there is no trade. Additionally, we are looking at the candlesticks’ volumes and how trading continues after the last reversal pattern. We are entering position not on the reversal candlesticks, but on the following ones after the trade (or candlestick above/below fixation, depending on a situation)! Reversal setup is a needed factor, but it's not enough to enter a trade. 📌 And these are not all of the necessary conditions for implementation! You have to understand that you are getting rid of risky positions that not only will give you headache but could also result in losses. You should only trade in situations where you are confident in, the confidence is achieved by fulfilling very certain conditions, of which only few people in the market know about. Continued in part 2.
Education
by I.T.Analytics
24
📖 Japanese candlestick charts. Part 2Hello, we continue to study candlesticks. ⚡️ Maximal/minimal 🔶 For this it is desirable for reversal candlestick to have its own high/low. In addition to the convenience of placing stop-loss on them, its own minimum/maximum also increases the chances for a long term trend after such reversal. The reason for this is in the market reflectivity, all the patterns don’t just work on their own, but they also contain market’s psychology and the methodology of huge amounts of smart money. When there is a decrease in demand and supply, smart money form the least resistant trend, and they trade! 🔶 You have probably noticed a few times that the figure’s/pattern’s price could move into the opposite direction that you expected. There are reasons for that, patterns have the necessary to complete conditions, simply of which not many know about. Even if all the necessary conditions are complete while forming a pattern, there is always a chance that the price will go opposite direction due to a number of reasons, of which we are going to talk about later. Now, you should note that its important to analyse candlesticks, as they help you to minimize risk while trading patterns. 🔶 Even though candlesticks look simple, they are a solid foundation for successful trading. They help you to find the optimal points to enter and exit trading in any patterns or whether you are trading using levels, or even if you are witnessing “third Elliott wave”... This is just a small bit of information about such a simple tool called Japanese candlesticks. 📌 Hint: if a trend is moving into a higher timeframe, you should also move to the same timeframe and start searching for reversal candlestick models at a long distance. This gives you the opportunity to trade for the entire trend duration. ⚡️ Harami 🔶 "Uptake", "Hammer" and "Cloud Silver Lining" models are common reversal patterns. There are many more forms in candlestick analysis that indicate an forthcoming reversal. One of them is the "Harami" pattern: the first candlestick is large, and the second one is small, it may be a "Spinning Top" or a "Doji", but in any case, the figure of the second candlestick is inside the first one's figure. They appear both at the top of the market and at the bottom. 🔶 The peculiarity of the "Harami" model is the uncertainty of the market at the time of its appearance. Therefore, it is recommended to wait for confirmation. 📌 The following candlestick of the corresponding color can act as confirmation: green for a bullish reversal, and red for a bearish one.
Education
by I.T.Analytics
AUDJPY best time to BUY? Reasons : In AUD/JPY price protected by serveral important factors which: 1. As you can see , price react to EMA 22 very well, EMA 22 currently price: 1.7100 2. This Pair Price protected from bears by very important static support ( this support was a resistance , when it breaks turn in to support ) :1.7060 3. Our Trade Stoploss protected by nice trend line ( DYNAMIC support ) near static support. 4. After hanging man candel stick , we saw a full engulfing candel but bulls use any chance to buy at our setup entry price ! it means there is a great DEMAND area! 1:2 RR
Long
by FOXofFX
2