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thanks for the chart bud -
$ACI Chart #2 – the Big 1.00 & 1st week of Aug. support levels are on deck – key level to find support & form a Bullish reversal pattern – only needs another 0.23 drop to hit the psychologically important 1.00 dollar/penny land level – 1.00 is the line in the sand – it is also a level of great support & great resistance depending on which side of the line the candles are forming – there was a volume spike the 1st week of Aug. when 1.00 was hit – keep an eye out for another volume spike @ that level to signal bottom feeders are loading for the bounce – MACD is set up for a bear cross – Fast STO should find support off the green horizontal line – expecting RSI to drop below 30 – today’s drop below horizontal support was on average volume –
$ACI Chart #2 – the Big 1.00 & 1st week of Aug. support levels are on deck – key level to find support & form a Bullish reversal pattern – only needs another 0.23 drop to hit the psychologically important 1.00 dollar/penny land level – 1.00 is the line in the sand – it is also a level of great support & great resistance depending on which side of the line the candles are forming – there was a volume spike the 1st week of Aug. when 1.00 was hit – keep an eye out for another volume spike @ that level to signal bottom feeders are loading for the bounce – MACD is set up for a bear cross – Fast STO should find support off the green horizontal line – expecting RSI to drop below 30 – today’s drop below horizontal support was on average volume –
$ACI Chart from yesterday – broke through the red horizontal support line on Tues. signaling more downside risk – EMA’s 4 & 8 are the key levels to break – the lower Bollinger Band @ 0.77 shows there’s more room to drop – Fast STO bear cross & at oversold levels – RSI is hitting the 30 oversold line – MACD is pinched – average volume –
looking for a close above EMA 8 on the daily chart to signal a rally to the middle Bollinger Band -$RCAP -
looking for a close above EMA 8 on the daily chart to signal a rally to the middle Bollinger Band -$RCAP -
$ACI Chart from yesterday – broke through the red horizontal support line on Tues. signaling more downside risk – EMA’s 4 & 8 are the key levels to break – the lower Bollinger Band @ 0.77 shows there’s more room to drop – Fast STO bear cross & at oversold levels – RSI is hitting the 30 oversold line – MACD is pinched – average volume –
$RCAP - currently up 9% & confirming the Bullish One White Soldier reversal pattern - EMA 8 @ 0.46 on chart just posted = Key Level To Break -
$RCAP - currently up 9% & confirming the Bullish One White Soldier reversal pattern - EMA 8 @ 0.46 on chart just posted = Key Level To Break -
$RCAP Chart from yesterday – BULLISH ONE WHITE SOLDIER reversal pattern formed today following 2 red candles in a row – closed at EMA 4 @ 0.38 resistance – key level to break – EMA 8 @ 0.47 is the 2nd resistance level to break – a close above EMA 8 puts the middle Bollinger band @ 0.72 on deck – good volume – RSI & Fast STO above oversold levels – Fast STO bull cross – the MACD Line & Signal Line are pinched – keep an eye out for a bull cross – good volume –
http://www.candlesticker.com/Pattern.aspx?lang=en&Pattern=2111
Definition
This pattern appears in a downtrend and consists of a black candlestick and a white candlestick in which the white candlestick opens above the preceding day’s close and closes above its open. The pattern looks similar to the Bullish Harami pattern. The only difference is that the second day closes higher, which stops the engulfing of the white body by the preceding black body.
Recognition Criteria
1. The market is characterized by a prevailing downtrend.
2. A black body is observed on the first day.
3. The white body that is formed on the second day opens higher than the first day’s close and closes higher than the first day’s open.
$RCAP Chart from yesterday – BULLISH ONE WHITE SOLDIER reversal pattern formed today following 2 red candles in a row – closed at EMA 4 @ 0.38 resistance – key level to break – EMA 8 @ 0.47 is the 2nd resistance level to break – a close above EMA 8 puts the middle Bollinger band @ 0.72 on deck – good volume – RSI & Fast STO above oversold levels – Fast STO bull cross – the MACD Line & Signal Line are pinched – keep an eye out for a bull cross – good volume –
http://www.candlesticker.com/Pattern.aspx?lang=en&Pattern=2111
Definition
This pattern appears in a downtrend and consists of a black candlestick and a white candlestick in which the white candlestick opens above the preceding day’s close and closes above its open. The pattern looks similar to the Bullish Harami pattern. The only difference is that the second day closes higher, which stops the engulfing of the white body by the preceding black body.
Recognition Criteria
1. The market is characterized by a prevailing downtrend.
2. A black body is observed on the first day.
3. The white body that is formed on the second day opens higher than the first day’s close and closes higher than the first day’s open.
$LEXG Chart from yesterday – bouncing off middle Bollinger Band @ 0.112 support & forming a bullish reversal pattern – as long as middle BB support holds the up trend should continue – EMA’s 4 & 8 are the key resistance levels to break – a close above EMA 8 @ 0.148 puts the upper Bollinger Band @ 0.269 on deck – Fast STO bull cross – above the 20 oversold line – RSI is in the 50 to 70 bull zone – volume spike – the MACD Line & Signal Line are pinched – bulls do not want a MACD Bear cross –
$LEXG Chart from yesterday – bouncing off middle Bollinger Band @ 0.112 support & forming a bullish reversal pattern – as long as middle BB support holds the up trend should continue – EMA’s 4 & 8 are the key resistance levels to break – a close above EMA 8 @ 0.148 puts the upper Bollinger Band @ 0.269 on deck – Fast STO bull cross – above the 20 oversold line – RSI is in the 50 to 70 bull zone – volume spike – the MACD Line & Signal Line are pinched – bulls do not want a MACD Bear cross –
$DUST Chart from yesterday – breaking out intraday above the red horizontal resistance line – the closing price on the 6th is the key level to close above – candles are forming above the middle Bollinger Band and EMA’s 4 & 8 – that = Up Trend – MACD is trending up – Fast STO is in the above 80 overbought/power zone – RSI is in the 50 to 70 bull zone – currently breaking out on average volume – as long as middle BB support holds the up trend should continue –
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reread #4 - 4. A black candlestick is observed on the third day. -
mark this post - then follow Ospreyeye if you are not already -
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$DUST Chart from yesterday – breaking out intraday above the red horizontal resistance line – the closing price on the 6th is the key level to close above – candles are forming above the middle Bollinger Band and EMA’s 4 & 8 – that = Up Trend – MACD is trending up – Fast STO is in the above 80 overbought/power zone – RSI is in the 50 to 70 bull zone – currently breaking out on average volume – as long as middle BB support holds the up trend should continue –
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2nd potential pattern for $BIEI - BEARISH EVENING DOJI STAR
http://www.candlesticker.com/Pattern.aspx?lang=en&Pattern=3202
Definition
This is a three-candlestick pattern signaling a major top reversal. It is composed of a white candlestick followed by a Doji, which characteristically gaps up to form a Doji Star. Then, we have a third black candlestick whose closing is well into the first session’s white real body. This is a meaningful top pattern.
Recognition Criteria
1. The market is characterized by a prevailing uptrend.
2. We see a white candlestick on the first day.
3. Then, we see a Doji on the second day that gaps in the direction of the uptrend.
4. A black candlestick is observed on the third day.
2nd potential pattern for $BIEI - BEARISH EVENING DOJI STAR
http://www.candlesticker.com/Pattern.aspx?lang=en&Pattern=3202
Definition
This is a three-candlestick pattern signaling a major top reversal. It is composed of a white candlestick followed by a Doji, which characteristically gaps up to form a Doji Star. Then, we have a third black candlestick whose closing is well into the first session’s white real body. This is a meaningful top pattern.
Recognition Criteria
1. The market is characterized by a prevailing uptrend.
2. We see a white candlestick on the first day.
3. Then, we see a Doji on the second day that gaps in the direction of the uptrend.
4. A black candlestick is observed on the third day.
$BIEI Chart - forming a spinning top & potential bearish reversal pattern currently - doji's, hammers & spinning tops formed after big runs = Danger! - learn more -
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http://www.candlesticker.com/Pattern.aspx?lang=en&Pattern=3201
BEARISH EVENING STAR
Definition
This is a three-candlestick pattern signaling a major top reversal. It is composed of a white candlestick followed by a short candlestick, which characteristically gaps up to form a star. Then we have a third black candlestick whose closing is well into the first session’s white body. This is a meaningful top pattern.
Recognition Criteria
1. The market is characterized by a prevailing uptrend.
2. We see a white candlestick on the first day.
3. Then, we see a short candlestick on the second day that gaps in the direction of the uptrend.
4. A black candlestick is observed on the third day.
$BIEI Chart - forming a spinning top & potential bearish reversal pattern currently - doji's, hammers & spinning tops formed after big runs = Danger! -
http://www.candlesticker.com/Pattern.aspx?lang=en&Pattern=3201
BEARISH EVENING STAR
Definition
This is a three-candlestick pattern signaling a major top reversal. It is composed of a white candlestick followed by a short candlestick, which characteristically gaps up to form a star. Then we have a third black candlestick whose closing is well into the first session’s white body. This is a meaningful top pattern.
Recognition Criteria
1. The market is characterized by a prevailing uptrend.
2. We see a white candlestick on the first day.
3. Then, we see a short candlestick on the second day that gaps in the direction of the uptrend.
4. A black candlestick is observed on the third day.
$AXPW - currently up 33% - congrats to everyone that caught yesterdays chart & TA -
$AXPW - currently up 33% - congrats to everyone that caught yesterdays chart & TA -
$AXPW Chart from yesterday – BULLISH BELT HOLD reversal pattern formed on Mon. – that pattern has been confirmed today – big move above the middle Bollinger Band and EMA’s 4 & 8 – the middle BB @ 1.11 is the key level to close above – when the middle BB turns into support a new up trend can begin – volume spike – MACD bull cross – RSI is hitting the 50 to 70 bull zone – Fast STO is hitting the above 80 overbought/power zone –
http://www.candlesticker.com/Pattern.aspx?lang=en&Pattern=1102
Definition
Bullish Belt Hold is a single candlestick pattern, basically, a White Opening Marubozu that occurs in a downtrend. It opens on the low of the day, and then a rally begins during the day against the overall trend of the market, which eventually stops with a close near the high, leaving a small shadow on top of the candle. If longer bodies characterize the Belt Hold, then the resistance they offer against the trend will be even much stronger.
Recognition Criteria
1. The market is characterized by a prevailing downtrend.
2. The market gaps down and opens at its low, and closes near to the high of the day.
3. A long white body that has no lower shadow (a White Opening Marubozu) is observed.
$AXPW Chart from yesterday – BULLISH BELT HOLD reversal pattern formed on Mon. – that pattern has been confirmed today – big move above the middle Bollinger Band and EMA’s 4 & 8 – the middle BB @ 1.11 is the key level to close above – when the middle BB turns into support a new up trend can begin – volume spike – MACD bull cross – RSI is hitting the 50 to 70 bull zone – Fast STO is hitting the above 80 overbought/power zone –
http://www.candlesticker.com/Pattern.aspx?lang=en&Pattern=1102
Definition
Bullish Belt Hold is a single candlestick pattern, basically, a White Opening Marubozu that occurs in a downtrend. It opens on the low of the day, and then a rally begins during the day against the overall trend of the market, which eventually stops with a close near the high, leaving a small shadow on top of the candle. If longer bodies characterize the Belt Hold, then the resistance they offer against the trend will be even much stronger.
Recognition Criteria
1. The market is characterized by a prevailing downtrend.
2. The market gaps down and opens at its low, and closes near to the high of the day.
3. A long white body that has no lower shadow (a White Opening Marubozu) is observed.
$PLKD - currently forming a red candle & bearish harami reversal pattern on the daily chart -
$PLKD - currently forming a red candle & bearish harami reversal pattern on the daily chart -
$PLKD Chart from yesterday – breaking out above resistance – the closing price on Oct. 20th is the key level to break – a close above should be the bull signal – candles are forming above the middle Bollinger Band and EMA’s 4 & 8 – that = Up Trend – after 5 weeks of consolidating $PLKD is starting to head to the next Market Maker level – MACD bull cross – volume spike the last 2 days – Fast STO 50 to 80 = the bull zone – RSI is in the above 70 overbought/power zone – during the Oct. run $PLKD headed higher w/ RSI above 70 – that’s positive for the bulls –
$PLKD Chart from yesterday – breaking out above resistance – the closing price on Oct. 20th is the key level to break – a close above should be the bull signal – candles are forming above the middle Bollinger Band and EMA’s 4 & 8 – that = Up Trend – after 5 weeks of consolidating $PLKD is starting to head to the next Market Maker level – MACD bull cross – volume spike the last 2 days – Fast STO 50 to 80 = the bull zone – RSI is in the above 70 overbought/power zone – during the Oct. run $PLKD headed higher w/ RSI above 70 – that’s positive for the bulls –
thanks bud -
$ACI Charts - Technical Analysis Video -
$ACI Charts - Technical Analysis Video -
$SUNE Charts - Technical Analysis Video -
$SUNE Charts - Technical Analysis Video -
$UWTI Chart from yesterday – BULLISH ENGULFING reversal pattern formed today – EMA 4 @ 7.72 is the key level to break – as this chart shows it’s been resistance during the downtrend – a close above puts EMA 8 @ 8.29 on deck – Fast STO bull cross and below the 20 oversold line – RSI bounced off the 30 oversold line – the MACD Line is starting to level – big volume –
http://www.candlesticker.com/Pattern.aspx?lang=en&Pattern=2101
Definition
This pattern is characterized by a large white body engulfing a preceding smaller black body, which appears during a downtrend. The white body does not necessarily engulf the shadows of the black body but totally engulfs the body itself. This is an important bottom reversal signal.
Recognition Criteria
1. The market is characterized by a prevailing downtrend.
2. A black body is observed on the first day.
3. The white body that is formed on the second day completely engulfs the black body of the preceding day.
$UWTI Chart from yesterday – BULLISH ENGULFING reversal pattern formed today – EMA 4 @ 7.72 is the key level to break – as this chart shows it’s been resistance during the downtrend – a close above puts EMA 8 @ 8.29 on deck – Fast STO bull cross and below the 20 oversold line – RSI bounced off the 30 oversold line – the MACD Line is starting to level – big volume –
http://www.candlesticker.com/Pattern.aspx?lang=en&Pattern=2101
Definition
This pattern is characterized by a large white body engulfing a preceding smaller black body, which appears during a downtrend. The white body does not necessarily engulf the shadows of the black body but totally engulfs the body itself. This is an important bottom reversal signal.
Recognition Criteria
1. The market is characterized by a prevailing downtrend.
2. A black body is observed on the first day.
3. The white body that is formed on the second day completely engulfs the black body of the preceding day.
$DDD Chart from yesterday – the Bullish piercing Line reversal pattern that formed on the 13th was confirmed today – EMA 4 @ 8.94 is the key level to break – as this chart shows it’s been resistance during the drop – a close above EMA 4 puts EMA 8 @ 9.35 on deck – a new up trend will not begin until the middle Bollinger Band @ 10.42 turns into support – Fast STO bull cross and at oversold levels – RSI bounced off the 30 oversold line – the MACD Line has started to level – keep an EYE out for a bull cross –
$DDD Chart from yesterday – the Bullish piercing Line reversal pattern that formed on the 13th was confirmed today – EMA 4 @ 8.94 is the key level to break – as this chart shows it’s been resistance during the drop – a close above EMA 4 puts EMA 8 @ 9.35 on deck – a new up trend will not begin until the middle Bollinger Band @ 10.42 turns into support – Fast STO bull cross and at oversold levels – RSI bounced off the 30 oversold line – the MACD Line has started to level – keep an EYE out for a bull cross –