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Beyond Basic Candlestick Pattern AnalysisLearning to Recognize Who Is Controlling the Stock Price There is a plethora of training on Candlestick Pattern Analysis and interpretation, and yet this remains one of the most problematic areas for Technical Traders who want to trade at the expert level. Once the basics of Japanese Candlestick Patterns are understood, it is time to move up to the next tier of analysis. That is being able to recognize not only where a pattern is, but also who forms that pattern, why they are capable of creating that pattern, what automated orders generate that pattern, and which Market Participant Groups react or chase that pattern. Nowadays it has become critical to include Volume with Candlestick Analysis, because this provides the basis for recognizing which Market Participant Group created that candle pattern. Candlestick Pattern Analysis at the expert level involves more than just one to three candles. Instead it includes a larger group of candles in the near term. This is what I call "Relational Analysis." This is especially useful for Swing Traders, Momentum Traders, Velocity Traders, Swing Options Traders, and Day Traders using Swing Style Intraday action. The NYSE:RAMP chart is an excellent example of a Candlestick Pattern for Swing Style Trading. See where High Frequency Traders (HFTs) took control of price, and gapped the stock down for one day on extreme volume. Selling did not continue the following two days, and Volume was above the Moving Average, but much lower than the High Frequency Traders' spiking Volume pattern. This was the first accumulation level for this stock. Dark Pools started buying the stock even though High Frequency Traders were selling, since they typically miss this initial buy mode of the giant Institutions. High Frequency Traders typically create the final gap down to the low which, if it reverses quickly, indicates a Buy Zone area for the Dark Pools. These patterns are what I call "Shifts of Sentiment." They happen in bottom formations where buying is generally dominated by the Largest Institutions' quiet accumulation. The next phase will be when Professional Traders and then High Frequency Traders discover the Dark Pool accumulation. The bottom is not complete, but it shifts sideways if more Dark Pools decide to buy.
NYSE:RAMPEducation
by MarthaStokesCMT-TechniTrader
SEI - Breakdown Target ReachedOur post on SEI from December 8th, we were monitoring a breakdown and retest from its triangle pattern. In that post, I said I would make a follow up once the breakdown target is reached and here we are! Also, Here is a link to that previous prediction: Our measured move breakdown target was $0.44-$0.45. Price is a little lower than that now but the first target has been reached. If we do drop lower we could see $0.40 followed by support at the 200MA. These targets were also mentioned in this post if price was to break the $0.50 level (which it did). Hope these charts help!
COINBASE:SEIUSD
by VIAQUANT
SPX500 Will Go Up! Long! Take a look at our analysis for SPX500. Time Frame: 9h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a significant support area 5,900.98. The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 5,967.79 level. P.S We determine oversold/overbought condition with RSI indicator. When it drops below 30 - the market is considered to be oversold. When it bounces above 70 - the market is considered to be overbought. Like and subscribe and comment my ideas if you enjoy them!
FX:SPX500Long
by SignalProvider
2
GOLD (XAUUSD): Important Zone to WatchThe Federal Reserve's rate decision and FOMC meeting negatively impacted gold prices yesterday, leading to a bearish trend. Observing the 4-hour time frame, we can see how the pair responded to a downward trend line during the day. The market had been consolidating within a broad range for nearly a month. However, following the Fed's announcement yesterday, there was a significant downward movement that confirmed a break below the support level of this range. With the broken structure and a prominent downward trend line now defining the supply zone, we can expect further bearish movement, potentially reaching down to 2580.
TVC:GOLDShort
by linofx1
3
WIF/USDT Chart Analysis. The chart of WIF/USDT shows a potentially bullish setup based on technical analysis. Descending Triangle Breakout: The price seems to be approaching the end of the descending triangle, with a potential breakout area of around $2.50. Support Area: A significant green area below the current price suggests strong historical support between $0.99 and $1.17. Ichimoku Cloud: The behavior of the cloud suggests a transition point, indicating potential bullish momentum if the price breaks above the cloud resistance. The upward-moving green box shows the long target area of ​​$4.84 to $4.87. The curve drawn on the chart suggests that the price may fall slightly to the support area before reversing sharply. Trade Setup: Entry: Consider buying near the $1.17 support level. Stop-loss: Place it slightly below $0.99 to manage risk. Target: Aim at $4.87, which provides a favorable risk-to-profit ratio. DYOR, NFA @Peter_CSAdmin
Long
by CryptoSanders9563