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Shooting Star

DXY - Weekly bearish divergence! + Elliott Wave + PIN BAR!- As per my Elliott Wave technical analysis - it looks like the massive impulse wave can be completed and we are now headed to a retracement. - On the weekly chart we have a shooting star - bearish candle with a long wick ( PIN BAR )! - If we take a look at the RSI indicator on this chart, we can see a bullish divergence , which is a pretty strong bearish signal. - We don't really know how deep the retracement will be, but we can go back down to the acceleration point + 0.618 FIB. - MACD his
TVC:DXYShort
by UnknownUnicorn2537518
9
SHOOTINGSTAR CANDLE IS GOOD WAY TO SHORT ETH. JAPANESE homageWell, high tide followed by low tide, followed by high tide... The market always in motion - it is , as Japanese say 'A floating world' A pin-bar top candle is aptly named Shooting Star in Japanese candle formations. As we owe the invention of candles themselves to the Japanese, and specifically the shooting star, it brings Japanese ideas of the world. Such as the EPHEMERAL state of everything , including prices. Beautiful art. The term Ukio-e translates as "picture of the floating world".
BINANCE:ETHUSDCShort
by cure4virus
Don’t shoot the messenger!While there has been much commentary about the US Dollar Index hitting 100.00, we note two things from a technical perspective – the first is a shooting star pattern on the candlestick charts and the second is that the daily RSI has yet to confirm the recent high. This happens when price makes a new high, but the oscillator does not – it is otherwise known as bearish divergence. It generally denotes a loss of upside momentum. The shooting star however is a bit more serious this is a bearish
ICEUS:DX1!
by The_STA
CPO Unstoppable Rocket? Or…. Ranging?What’s other factors would continue to move palm oil prices? 1. India imports hit 12-months low on sky high prices in CPO. This may led to demand further decline as buyers are price sensitive as it relies on imports for 60% of its needs. Currently, India rely on existing stockpiles and incoming domestic rapeseed crop to meet domestic demand 2. Revision of export restriction from Indonesia as food protectionism grows. Companies need to allocate 30% of exports for home market. Government are takin
MYX:FCPO1!
by happytrading96
CPO Continue above 7000? Or Ready for Correction?FCPO declined by nearly 8% on last Friday and closed at 6276 as profit taking took place, but posted 2nd weekly gains after touched on historical high at 7108. So, what’s make palm oil now the costlier edible oil among the 4 major edible oils? Global commodities rallied following EU bans certain Russian banks from SWIFT bank payment system which aimed to stuttering the Russia economy and introduces further restrictions. The war expected to disrupt the processing and export of Ukraine oilseeds
MYX:FCPO1!
by happytrading96
1
Gold Prices End on Uncertain Footing as Ukraine Tensions SimmerOn the weekly setting, gold has left behind a Shooting Star candlestick pattern, showing signs of indecision following gains since earlier this year. Ukraine geopolitical tensions cooled into the end of the week, resulting in a long upper wick on the weekly candle. Further escalation could easily bring back upside momentum in the yellow metal, while cooling tensions may do the opposite. Extending a turn lower would place the focus on rising support from the middle of 2021 before the 1750 infl
FX_IDC:XAUUSD
by QM_Dubrovsky
AUDUSD SHORTDaily chart making series of LH- lower highs suggesting price is in its continuation pattern to the downside. Inner trendline on daily with 3 touches and candlestick reversal pattern infers price is already looking to short. On the 4HR lookout for more confluence such as MA crossovers, counter trendline break and candlestick pattern which will give an opportunity for entry. A good reward to risk is expected from this opportunity. 100 to 150 pips is a possible scenario here given that price is l
Short
by tradejoyfx
#Bitcoin and the Weekly Shooting StarHi everyone, Thank you for considering reading my idea. Please note that this is just my opinion, and I'm not saying that this is going to happen. Note that I'm mid-term bearish on Bitcoin but long-term bullish. See related ideas below. My down candle is color green while the up candle is color red . Who wants to see a shooting star? Well, just last week, we printed a shooting star. Let's go back to the basics! A Shooting Star is a bearish candle stick pattern; a sign of reversal. Ther
BITSTAMP:BTCUSDShort
by Juvssss
+3.45% ROI thanks to a simple Daily Shooting Star reversal stratHi Traders, STATEMENT Let’s keep diving into the daily time frame to build an expectation of the direction the market could be heading to on the FX:AUDUSD pair. A directional bia s is a powerful tool that can facilitate your trading journey when executing on lower time frames. RATIONALE Analyzing the daily time frame before thinking on taking a trade on a lower time frame can help you to: 1. spot robust areas of support and resistance , 2. Avoid fading strong daily candles (high pr
Short
by cmacquet
2
Shooting Star on SPX MonthlyThere is a shooting star candlestick developing on the SPX monthly chart (I use SPX500USD for my charting here). Because we are at the end of november, unless we have significant amounts of upward momentum soon (I.e. on Monday and Tuesday) then this will leave a shooting star as November's candlestick. This is a very bearish signal. You can see from here that MACD is very toppy. However, if we zoom out to put this into context.... MACD is significantly more overbought than it was dur
OANDA:SPX500USDShort
by RogueEconomics
3