Tag Archives: candlestick chart

S&P 500 hammered out a bottom at 2000

Hammer confirmed with the gap and white candlestick today
S&P 500 6-Month Daily Candlestick Chart showing the hammer and the upward gap with the positive white candlestick.

S&P 500 6-Month Daily Candlestick Chart

Reference the last chart analysis for the S&P 500.

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“Technical Analysis is about probabilities.”

Note: Click on HOME for updated postings. This technical analysis is for educational purposes so you can learn to trade online using candlestick charts and other technical indicators including volume, moving averages and oscillators. Please conduct your own chart analysis or consult your financial advisor before making investment decisions. The author of this article may hold long or short positions in the featured stock or index.

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West Texas Intermediate down 11.91% for the week

Ominous shaven head and shaven bottom candlestick
Chart for WTI showing the weekly decline of 11.91% which is represented on the chart as a tall dark candlestick.

West Texas Intermediate 4-year Chart

Some observations from the above weekly chart for WTI:

  • Major, intermediate and near-term downtrend for WTI.
  • Support levels of $40 and $38 did not hold.
  • Ominous shaven head and shaven bottom candlestick last week.
  • Can WTI hold above $35?
  • Major support (not shown) is now the 2009 low of $33.55.
  • A break below $33.55 (not shown) indicates that 30, 20 and 10 are in play.

Reference the last chart analysis for WTI showing the break below support of $38.

______________________________

“Technical Analysis is about probabilities.”

Note: Click on HOME for updated postings. This technical analysis is for educational purposes so you can learn to trade online using candlestick charts and other technical indicators including volume, moving averages and oscillators. Please conduct your own chart analysis or consult your financial advisor before making investment decisions. The author of this article may hold long or short positions in the featured stock or index.

© 2015 TradeOnline.ca

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Near-term downtrend for Russell 2000 – Support = 1140

Russell 2000 6-Month Daily Chart showing near-term downtrend and support at 1140.

Russell 2000 6-Month Daily Chart

Reference last chart analysis for Russell 2000.

______________________________

“Technical Analysis is about probabilities.”

Note: Click on HOME for updated postings. This technical analysis is for educational purposes so you can learn to trade online using candlestick charts and other technical indicators including volume, moving averages and oscillators. Please conduct your own chart analysis or consult your financial advisor before making investment decisions. The author of this article may hold long or short positions in the featured stock or index.

© 2015 TradeOnline.ca

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Harami Cross pattern on daily chart for WTI

West Texas Intermediate 6-Month Daily Chart showing the harami candlestick pattern

West Texas Intermediate 6-Month Daily Chart

The harami cross pattern can be considered a major reversal pattern. It is better at calling tops than bottoms. In this case, it shows an attempt for WTI to hold above support of $38 a barrel. Not a time to be long or short. Wait for the next move.

Reference the last chart analysis for West Texas Intermediate.

______________________________

“Technical Analysis is about probabilities.”

Note: Click on HOME for updated postings. This technical analysis is for educational purposes so you can learn to trade online using candlestick charts and other technical indicators including volume, moving averages and oscillators. Please conduct your own chart analysis or consult your financial advisor before making investment decisions. The author of this article may hold long or short positions in the featured stock or index.

© 2015 TradeOnline.ca

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West Texas Intermediate closes below $38 a barrel

West Texas Intermediate 6-Month Daily Chart showing the close below $38 a barrel

West Texas Intermediate 6-Month Daily Chart

December 2, 2015: Reference the last chart analysis for West Texas Intermediate.

October 26, 2015: High probability WTI will test the major support zone

September 15, 2015: Bearish descending triangle forming on the daily chart

______________________________

“Technical Analysis is about probabilities.”

Note: Click on HOME for updated postings. This technical analysis is for educational purposes so you can learn to trade online using candlestick charts and other technical indicators including volume, moving averages and oscillators. Please conduct your own chart analysis or consult your financial advisor before making investment decisions. The author of this article may hold long or short positions in the featured stock or index.

© 2015 TradeOnline.ca

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Volatility index jumps 13.83%. Key resistance level = 20

VIX daily chart showing the 13.83% pop today.

VIX 6-Month Daily Chart

______________________________

“Technical Analysis is about probabilities.”

Note: Click on HOME for updated postings. This technical analysis is for educational purposes so you can learn to trade online using candlestick charts and other technical indicators including volume, moving averages and oscillators. Please conduct your own chart analysis or consult your financial advisor before making investment decisions. The author of this article may hold long or short positions in the featured stock or index.

© 2015 TradeOnline.ca

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Bullish Engulfing Pattern for S&P 500 Index

And, bullish shaven head candlestick at 2020 support level
S&P 500 6-Month Daily Chart showing the bullish engulfing pattern at the 2020 support level.

S&P 500 6-Month Daily Chart

Reference the last chart analysis for the S&P 500 Index.

______________________________

“Technical Analysis is about probabilities.”

Note: Click on HOME for updated postings. This technical analysis is for educational purposes so you can learn to trade online using candlestick charts and other technical indicators including volume, moving averages and oscillators. Please conduct your own chart analysis or consult your financial advisor before making investment decisions. The author of this article may hold long or short positions in the featured stock or index.

© 2015 TradeOnline.ca

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