Facebook long opportunityEntry price: 335-340$
Target price: 352-354$
RSI: neutral, approaching 50 level, so there is potential for the future growth.
Candlestick Patterns: Hammer and Bullish Kicker
Fibonacci Extension: The last candle crossed the Fibonacci 161,8% level.
Conclusions: Candle patterns and RSI suggest bullish momentum of the asset. Moreover, the price just crossed the last resistance level, thus the long position is recommended after this resistance level will be retested as a support.
No financial advice
Bullishkicker
Long AZUL on Bullish KickerA Bullish Kicker pattern has formed in a support zone for AZUL4. If it follows through,we should see higher prices in the coming weeks
A kicker is a two candlestick pattern, with it's bullish form being a bearish large bodied candle followed by and even larger bullish bodied candle. The second candle open has to be equal or above the first cande's open. It's gapping nature indicates a strong change in sentiment and this gap is not to be filled.
It is stronger if the second day shows dramatic volume.
Added strength comes from the fact that the pattern presented itself on a support zone.
Um padrão "Batendo Escanteio" (não conheço a tradução) se formou na AZUL4. Caso tenhamos um dia de continuação de alta a seguir, esperamos preços mais altos nas próximas semanas.
Como se tivesse batendo escanteio, esse padrão denota uma forte e repentina guinada na direção. Numa virada de tendência de baixa para alta, como é o caso entelado, o primeiro candle é um candle de baixa com corpo relevante. O segundo candle abre acima da abertura do primeiro e decola para cima, fazendo um corpo ainda maior que o primeiro.
A presença de forte volume, em especial no segundo dia, é um sinal de força.
Também favorável ao trade é o fato que o padrão apareceu numa região de suporte.
📖 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.
BABAAlibaba (BABA) gapped up recently on a Bullish Kicker candlestick, and was followed by an even larger gap up before a selloff today. Today's close formed a Dark Cloud Cover candlestick, and may indicate a downward continuation. Mixed with new global tensions rising with China, BABA may look to gap back down.
