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Hammercandlestick

LINK PERSONAL ANALYSIS IN THE SHORT TERM (WOW, POTENTIAL!)The total evaluation for the LINK asset is bearish, however a sudden dump would almost always warrant a potential re-test of the said lost support. We have 2 confirmation candles on the daily signaling a potential reversal as well as the amazing volume profile range to indicate that we are currently sitting at a valuable support of 6.80-7.20$. We probably wouldn't see any extreme dumps for a while considering how the SP500 and the NASDAQ (despite their mega bearish scenario) will often retrace before a further dump. Please be mindful of your risk, go to sleep with a stop loss so you won't suffer any forms of insomnia or paranoia. --------------- You like the chart? That's great, use it! Bookmark it, save it -- its yours, for free. Don't forget to comment, share, and boost the post!
KRAKEN:LINKUSDLong
by Wamses
1
GBP/JPY: bullish hammer candlestickGreat Britain Pound/Yen Japanese develop a bullish hammer candlestick in H1 timeframe, also the price it's into this bullish channel formation and we could to see a good position to long GBP. Meanwhile, in H4 timeframe it's in process to develop the next candlestick to form in H4 timeframe, if we see a strong bullish candlestick in H4 timeframe and depending how long it's the force of bull. This it's mean that bull are going to carry the price to the upside direction.\ For now, in H1 timeframe I see this candlestick pattern called bullish hammer. Now, I entry to long posiiton around $165.64 JPY, Stop Loss to $165.06 JPY and take profit to $166.85 JPY. Now, it's not only that I consider this analysis as right, I'm watching the H4 timeframe and depending what kind of candlestick will form, I will keep this position, by the contrary, i will closed up if I see the unexpected key to keep the trade. So, you can to put long position, but watching in H4 timeframe how the candlestick end. Good luck!!! I will update the H4 timeframe and inform you my decision in the next 2 hours.
Long
by harisonhbn9718
6
SPX: Complete Analysis (H, D and W charts).Hello traders and investors! Let’s see how the SPX is doing today! Yesterday, we talked about the 4,148, and how this was our key support level for the short-term. This understanding proved correct, as the moment we lost it, the market dropped sharply, and today, we almost hit the previous support at 4,062. If you missed my previous analysis, just check the link below this post. However, the index is trying to react now. By breaking the 4,148 (and staying above this price for a while), the bearish momentum will get weaker. If it breaks the 21 ema, even better. This is not a reversal sign, but it could be in the future, as we don’t have any bullish structure in the 1h chart right now. It is interesting that the 4,148 is working as a resistance now, following the Principle of Polarity. Let’s see the daily chart: In the daily chart, the index is trying to do something positive. For the second time, we see a Hammer candlestick pattern (of course, the day is not over yet, so this pattern still could be ruined if we see a strong bearish reaction). This reaction is interesting, and it is happening just above an interesting support, which we’ll talk about when we look at the weekly chart. However, this reaction is good, but not great. I would be more optimistic if the index breaks the 4,167 again (black line). Now, let’s take a look at the weekly chart: The index is stabilizing at its support area, which is interesting. The support level the index found in the daily chart is seen in the weekly chart, which is the area around the red line at 4,059 (May 2021 bottom). Meaning, the index is trying to find a bottom at its 52-week low. We still have a possible Head & Shoulders chart pattern, which was not triggered. If this happens, the index will trigger a long-term bear trend. The only thing it could do to avoid this scenario would be reacting next week, doing a strong and positive candlestick, preferably, closing above 4,167. To sum up, the market is not looking good, neither to buy nor to sell, but it could be a buy again, if it breaks the key points mentioned in this analysis. I’m neutral on the index, but that doesn’t mean that we don’t see opportunities around. Many stocks are reacting amazingly well, but the index has yet to confirm its movements. I’ll keep you guys updated every day on this, so remember to follow me to keep in touch.
SP:SPX
by Nathan_The_Finance_Hydra
7
SPX: Doing a REVERSAL pattern!Hello traders and investors! Let’s see how the SPX is doing today! First, in the 1h chart, we see that it is reacting nicely, after yesterday’s crash. This is a good recovery, and might be the beginning of a reversal, the problem is that we don’t see a clear bullish structure yet, and the index is still in a bear trend, doing lower highs/lows. In the 1h chart, we see no technical reversal pattern yet. I think it is good to see it breaking the 21 ema, but I would be happier to see a good chart pattern indicating a reversal. However, in the daily chart, something interesting is happening: We might not have any reversal chart pattern in the 1h chart, but we do have a reversal candlestick pattern in the daily chart. Yesterday, we had a Hammer pattern, which was triggered today. One may argue that Hammers are not that reliable, but in my experience, when this pattern appears just above a support, the chances of a reversal are greatly increased. The support level was at 4,167, and today, the index is breaking this point. If we close above it, even better. The volume looks ok, which confirms a bullish thesis. Now, we can expect the index will retest its 21 ema in the daily chart again. Even considering it could do a pullback in the 1h chart (and I prefer to see this happening), the index is giving us some interesting technical reversal signs. What could ruin this reversal? If it loses yesterday’s low. I’ll keep you guys updated on this, so remember to follow me to keep in touch with my daily analyses!
SP:SPX
by Nathan_The_Finance_Hydra
5
Will XTZ recover ? Part 2XTZ bounced on support at relatively high volume, while yesterdays green candlestick is bullish sign at least in the short term. If you don't bought the dip, you may enter the market in the next correction. The most obvious scenario is that price will rejected near the bearish trendline and return at the bullish trendline. Trading is a probability game. There is no perfection in that. Market is unpredictable. Stay to your plan. Do not panic sell. Not financial advice. DYOR.
KRAKEN:XTZUSDLong
by Rhaonnor
SPX Technical Analysis 01/24/2022 - *Hammer Candlestick* [Daily]SPX found ground at 4231 Support. A beautiful hammer candlestick showed up on the daily chart today. A hammer candlestick indicates a potential price reversal to the upside. The price must start moving up following the hammer; this would confirm the reversal. RSI extremely oversold at 20. The Federal Reserves FOMC meeting tomorrow , and Wednesday should help provide further direction of the market. If dovish; expect a major rally. If hawkish; look out below. Updates to follow. *Trade the charts, not the noise that comes with corrections*
SP:SPX
by Cogg
is This How hammer Looks like ?Hi Traders! I dont Really know much about all details of the Hammer candle stick all I know is very bullish :D if you know anything about it please don't hesitate to share . RSi is back above 30 in 4H time frame! Avarage true range is going up! volitality ahead !! Still moving in bearish channel need to first break the channel ! Spike on volume! 4500 Area likely big resistance! Please leave your comment. This is not Trading advice! Please make your own research! Risk management is key to trading!
CME_MINI:ES1!
by NzrG
1
Possibele Bullish Hammer Candle?After the hard Fall which just occurred for Bitcoin , it managed to rally up again, leaving us with a potential "Bullish Hammer Candle". The Hammer Candle is not yet confirmed, so taking a Trade right now is not recommended. The Hammer Candle gets confirmed if the following Candle closes above the closing price of the Hammer Candle itself, ideally, with sings of strong buying. Traders often enter a Long after the Confirmation, stop loss often placed slightly below the shadow of the Hammer Candle. If you like my Content, hit the 👍 and/or comment and make sure to follow. This Analysis is not intended to be investment advice. Always DYOR.
COINBASE:BTCUSDLong
by blauersamt
2
AMZN Long position#AMZN bullish signal Position: long Entry price: 3320-3350$ Target price: 3500-3540$ RSI: approaching 30 which is oversold territory Keltner Channel: the price at the lower boundary of the channel Candle pattern: bullish hammer Conclusion: Candle pattern, RSI and Keltner Channel suggest a pullback to the upside. Long position is recommended on the lower band area with the target zone at upper boundary. Provided analyse is for an informational purpose only and should not be taken as a professional financial advice.
NASDAQ:AMZNLong
by vf_investment
1
BULLISH. BTCUSD 1W. Hammer Candle + MACD + StochHi everyone, Thank you for considering reading my idea. In addition to some bullish TA I have been posting recently, I just noticed that when we closed our weekly, the MACD histogram gave us an impulse. This means that momentum or the MACD line (yellow line) is weakening to the downside meaning sooner or later we may see a reversal of the MACD line and the Signal line. We also have, somehow, a hammer candle. Not sure if it's valid or not but this candle is a bullish reversal candlestick pattern indicating that we may have started to reverse and go to the upside. Like this idea and follow me for more analysis like this. TAYOR. Cheers, Juvs
BITSTAMP:BTCUSDLong
by Juvssss
5