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Daily candle chart

  • #17,521
  • Edited 10:55am Feb 5, 2021 10:37am | Edited 10:55am
Quoting hussin naiji
{quote} the Tweezers Sometimes, they appear at market-turning points and Sometimes for a correction. {image}
Looks bullish or $ bearish to me Hussin ,
with cable there hasn't been any local momentum ,
but it's still up big picture ,now we have confirm for that daily yesterday
Cable is better to reverse above that zone in free space ,I think it will attempt higher
the lower wicks on this daily haven't failed to confirm bullish the next day/s,
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 102GBPUSD Daily.png Size: 29 KB
Click to Enlarge Name: 103 GBPUSD Daily.png Size: 46 KB
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  • #17,522
  • Feb 5, 2021 11:31am Feb 5, 2021 11:31am
Quoting Bones
{quote} Looks bullish or $ bearish to me Hussin , with cable there hasn't been any local momentum , but it's still up big picture ,now we have confirm for that daily yesterday Cable is better to reverse above that zone in free space ,I think it will attempt higher the lower wicks on this daily haven't failed to confirm bullish the next day/s, {image} {image}
Tony , I have said the my post in past hours , if we have pay attention to monthly candle chart DXY , we can see a close of window . almost after every close of window the market show to us a correction (Renewal then continuation of previous trend ). monthly candlestick pattern is perfect with a confirmation (bullish piercing line pattern + confirmation no lower wick ) a confirmation no wick show to us health and strength and high reliability . 92.90 ~93. 20 is on the table .
Attached Image (click to enlarge)
Click to Enlarge Name: USINDX.H21Monthly.png Size: 38 KB
  • #17,523
  • Feb 5, 2021 11:41am Feb 5, 2021 11:41am
Quoting hussin naiji
{quote} Tony , I have said the my post in past hours , if we have pay attention to monthly candle chart DXY , we can see a close of window . almost after every close of window the market show to us a correction (Renewal then continuation of previous trend ). monthly candlestick pattern is perfect with a confirmation (bullish piercing line pattern + confirmation no lower wick ) a confirmation no wick show to us health and strength and high reliability . 92.90 ~93. 20 is on the table . {image}
for weekly candle chart DXY we can see 2 bullish pattern but for bullish Hammer pattern we can see a upper wick that It goes out of form .
Attached Image (click to enlarge)
Click to Enlarge Name: USINDX.H21Weekly.png Size: 37 KB
  • #17,524
  • Feb 5, 2021 11:50am Feb 5, 2021 11:50am
Quoting hussin naiji
{quote} Tony , I have said the my post in past hours , if we have pay attention to monthly candle chart DXY , we can see a close of window . almost after every close of window the market show to us a correction (Renewal then continuation of previous trend ). monthly candlestick pattern is perfect with a confirmation (bullish piercing line pattern + confirmation no lower wick ) a confirmation no wick show to us health and strength and high reliability . 92.90 ~93. 20 is on the table . {image}
Are you sure about the gap Hussin ,I don't have it
also then there would be gaps $ majors, then picture is not the same
Attached Image (click to enlarge)
Click to Enlarge Name: 104 DX Monthly.png Size: 17 KB
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  • #17,525
  • Feb 5, 2021 11:51am Feb 5, 2021 11:51am
for daily candle chart DXY we can see a bearish pattern . we know that a bearish on black crow is this Definition:
This pattern appears in an uptrend and consists of ....... yes in an uptrend . a bearish pattern in an uptrend .
Attached Image (click to enlarge)
Click to Enlarge Name: USINDX.H21Daily.png Size: 37 KB
  • #17,526
  • Feb 5, 2021 12:06pm Feb 5, 2021 12:06pm
Quoting Bones
{quote} Are you sure about the gap Hussin ,I don't have it also then there would be gaps $ majors, then picture is not the same {image}
I checked twice . there is a window in the my monthly chart DXY
  • #17,527
  • Feb 5, 2021 12:10pm Feb 5, 2021 12:10pm
Quoting Bones
{quote} Looks bullish or $ bearish to me Hussin , with cable there hasn't been any local momentum , but it's still up big picture ,now we have confirm for that daily yesterday Cable is better to reverse above that zone in free space ,I think it will attempt higher the lower wicks on this daily haven't failed to confirm bullish the next day/s, {image} {image}
generally my view about DXY in the next days 90.70 ~80 then up to 92.80 ~93.20
  • #17,528
  • Feb 5, 2021 12:14pm Feb 5, 2021 12:14pm
Quoting Bones
{quote} Are you sure about the gap Hussin ,I don't have it also then there would be gaps $ majors, then picture is not the same {image}
this chart for you Tony
Attached Image (click to enlarge)
Click to Enlarge Name: USINDX.H21Monthly.png Size: 25 KB
  • #17,529
  • Feb 5, 2021 12:39pm Feb 5, 2021 12:39pm
Quoting hussin naiji
{quote} this chart for you Tony {image}
Yes but that Gap isn't on your weekly + dec 1 is a Tuesday, trading view has no gap
,only I think yours looks more bullish ,I do agree about the open
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2021-02-05 at 18.40.18.png Size: 239 KB
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  • #17,530
  • Edited 11:00am Feb 6, 2021 10:44am | Edited 11:00am
Quoting hussin naiji
for monthly candle chart Dow Jones , we can see a reversal pattern +a confirmation {image}
Hi Hussin I think this monthly candle could break the other way ,I'm looking at that weekly
if it has the strength to go higher while above that break up ,above 30k
I know were high with this pattern but I don't think the crazy market cares

The bearish monthly candles are maybe a warning to how this month will close with a break the other way-
rather than outright signal
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot 2021-02-06 at 16.34.53.png Size: 128 KB
Click to Enlarge Name: dow.png Size: 159 KB
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  • #17,531
  • Feb 6, 2021 12:42pm Feb 6, 2021 12:42pm
Hi Hussin,
isn't there a bearish upside down pin on weekly GU? Also, last week didn't go over precending week high, instead it did lower low. So I think, it might go short then...
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDWeekly.png Size: 48 KB
  • #17,532
  • Feb 7, 2021 7:01am Feb 7, 2021 7:01am
Hi meugampong , pay attention to posts of Bones. his posts are perfect and Helpful
  • #17,533
  • Feb 7, 2021 7:06am Feb 7, 2021 7:06am
Quoting Bones
{quote} Yes but that Gap isn't on your weekly + dec 1 is a Tuesday, trading view has no gap ,only I think yours looks more bullish ,I do agree about the open {image}
yes you are right . but I don't know why in the my weekly chart of DXY is not a window vice versa in the my monthly candle chart DXY.
  • #17,534
  • Feb 7, 2021 7:53am Feb 7, 2021 7:53am
Quoting Bones
{quote} Hi Hussin I think this monthly candle could break the other way ,I'm looking at that weekly if it has the strength to go higher while above that break up ,above 30k I know were high with this pattern but I don't think the crazy market cares The bearish monthly candles are maybe a warning to how this month will close with a break the other way- rather than outright signal {image} {image}
Hi Tony , In general, the market route forecast based on candlesticks is Hard in this time because we have Other factors in the market trend for example stimulation policy by FED and ... Tony Here I use your chart . yearly candle chart Dow Jones and a bearish Hammer pattern but even a bearish yearly candlestick pattern was discredited because stimulation policy by FED
Attached Image (click to enlarge)
Click to Enlarge Name: 20 DJI-Yearly.png Size: 15 KB
  • #17,535
  • Feb 7, 2021 8:22am Feb 7, 2021 8:22am
Quoting Bones
{quote} Hi Hussin I think this monthly candle could break the other way ,I'm looking at that weekly if it has the strength to go higher while above that break up ,above 30k I know were high with this pattern but I don't think the crazy market cares The bearish monthly candles are maybe a warning to how this month will close with a break the other way- rather than outright signal {image} {image}
but my view about monthly candle chart Dow Jones , we can see a blue closing Marubozu now but This candlestick is generally bullish. However,It may show a potential turning point and suggests the fact that prices have reached a resistance level . it may point to excessive bullishness, and that prices are at dangerously high levels. therefore I think we will see a test resistance line and entry of sellers (sign of upper wick ) and change of color real body from blue to red.
Attached Image (click to enlarge)
Click to Enlarge Name: US30.H21Monthl1.png Size: 25 KB
  • #17,536
  • Feb 7, 2021 10:18am Feb 7, 2021 10:18am
Quoting Milan
Hi Hussin, isn't there a bearish upside down pin on weekly GU? Also, last week didn't go over precending week high, instead it did lower low. So I think, it might go short then... {image}
Hi Milan , welcome to you . I did not catch about a bearish upside down pin on weekly candle chart GBPUSD. you can more explain ?
but about weekly candle chart GBPUSD , we can see a bearish hanging man pattern . this bearish pattern is a single candlestick pattern . from reseach the bearish Hanging man pattern confirms 37% of the time on average overall . but we have seen good works by this bearish pattern in the past time . generally this pattern acts as a warning that buyers are losing the battle .On the other , we have a blue Hanging man pattern . this is still bearish , it is considered to be less then a red Hanging man pattern so because the weekly closed with gains.also a test upper wick (Hanging man ) with resistance line give to us a good view
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDWeekly.png Size: 40 KB
  • #17,537
  • Edited 12:45pm Feb 7, 2021 12:34pm | Edited 12:45pm
Quoting hussin naiji
{quote}Hi Tony , In general, the market route forecast based on candlesticks is Hard in this time because we have Other factors in the market trend for example stimulation policy by FED and ... Tony Here I use your chart . yearly candle chart Dow Jones and a bearish Hammer pattern but even a bearish yearly candlestick pattern was discredited because stimulation policy by FED {image}
I totally agree ,but that candle went green !! That wick is defiantly bearish in any other world It covers 4 other year bodies.
Thats what I mean only governments or central banks could make that happen .Or all they need to do is encourage it.

They have interest rates so low and a false floor on the stock market, maybe it needs a catalyst to give it back to the free market.
The FED is in that market with no shroud, with debt going parabolic.
It's not just covid fault, that just accelerated it imo. Insanely Low interest rates send all types of investors further up the risk curve.

Less Government ,less central bank intervention= in the end we would all be better off these people are producing the monster of all bubbles we have ever seen.


For the Dow to go higher it must stay strong and show no weakness ,the Monthly shooting star swing last year did break the other way before fall. I just don't think it's going up on any merit, without these stimulus intervention directed that way.

Given the conditions I think it can indeed print more bullish w1 candles ,despite the monthly.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2020-11-05 at 14.08.14.png Size: 311 KB
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  • #17,538
  • Feb 7, 2021 12:37pm Feb 7, 2021 12:37pm
Quoting hussin naiji
{quote}Hi Milan , welcome to you . I did not catch about a bearish upside down pin on weekly candle chart GBPUSD. you can more explain ? but about weekly candle chart GBPUSD , we can see a bearish hanging man pattern . this bearish pattern is a single candlestick pattern . from reseach the bearish Hanging man pattern confirms 37% of the time on average overall . but we have seen good works by this bearish pattern in the past time . generally this pattern acts as a warning that buyers are losing the battle .On the other , we have a blue Hanging man...
yes, I meant hanging man, I am not very good in candlesticks, but I realised this could be the case when we should look more for shorts than longs. But you think the probability of short is less than 50%? So when test of the upper wick failed, maybe the probability of short will be bigger.
  • #17,539
  • Feb 7, 2021 12:46pm Feb 7, 2021 12:46pm
Quoting hussin naiji
{quote}Hi Milan , welcome to you . I did not catch about a bearish upside down pin on weekly candle chart GBPUSD. you can more explain ? but about weekly candle chart GBPUSD , we can see a bearish hanging man pattern . this bearish pattern is a single candlestick pattern . from reseach the bearish Hanging man pattern confirms 37% of the time on average overall . but we have seen good works by this bearish pattern in the past time . generally this pattern acts as a warning that buyers are losing the battle .On the other , we have a blue Hanging man...
Dear Hussain,.
As per my understsnding this hanging man you mentioned above in reality i guess cant be termed as a hanging man. Because in sideways market,it have no validity.
I would prefer to ignore it!
  • #17,540
  • Feb 7, 2021 1:25pm Feb 7, 2021 1:25pm
Quoting Milan
{quote} yes, I meant hanging man, I am not very good in candlesticks, but I realised this could be the case when we should look more for shorts than longs. But you think the probability of short is less than 50%? So when test of the upper wick failed, maybe the probability of short will be bigger.
if you have read my posts in the past week , It should be easy to understand what I mean in my post . Why you should carry all your analysis on one tool ? personally I don't trade by tool of candlestick patterns only maybe 50% and 30% by analysis of DXY with chart patterns and remnant by analysis of indices futures for A closer look for direction of DXY .
also I'm not agree with you about "So when test of the upper wick failed" vice versa we can see a test of the upper wick with resistance line (weekly candle chart GBPUSD)
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