The Hammer The hammer price action pattern is a bullish signal that signifies a higher probability of the market moving higher than lower and is used primarily in up-trending markets. Here is an example of what a hammer candle looks like:
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Crude Oil, WTI, Bearish Engulfing – Technical Update: Crude oil prices turned lower over the past 24 hours Bearish Engulfing candlestick pattern now in focus Watch rising trendline, RSI divergence on 4-hour Recommended by Daniel Dubrovsky Get Your Free Oil Forecast Daily Chart WTI crude oil prices might be showing early signs of topping that
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The shooting star price action pattern is a bearish signal that signifies a higher probability of the market moving lower than higher and is used primarily in down trending markets. In essence, it is the opposite of the hammer pattern. Here is an example of what a shooting star candle looks like:
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Share: Bullish-engulfing candlestick pattern on the daily chart suggests buyers are in control. The first major resistance at 1.3600, followed by several key levels up to 1.3804. Downside risks include a drop below 1.3489, potentially targeting the 200-DMA at 1.3462 and the 50-DMA at 1.3345. The Canadian Dollar (CAD) losses ground against the
USD/ZAR OUTLOOK: MOST READ: EUR/USD Slides as Euro Area Makes Progress on Core Inflation, Headline Steady The South African Rand (ZAR) had been enjoying a nice run against the US Dollar this week. The move however came to an abrupt halt at a key support area yesterday before an aggressive bounce which has continued into
Bullish rectangle pattern example in video This video shows how I use bullish rectangle pattern for my trading technical analysis. Bullish rectangle pattern is used to mark consolidation candles and place price alert. This way trader is notified when bullish rectangle pattern is broken and price action is created. I like bullish rectangle chart pattern to get edge
Bearish rectangle pattern video and example In this post I focus to show example for bearish rectangle pattern in my trading strategy based on price action and supply demand rectangles. With this technical analysis indicator I can do a lot of trading and charting very quickly and easily. Bearish rectangle chart pattern is used to place
