#PENGUUSDT #2h (ByBit) Broadening wedge breakdownPudgy Penguins printed an evening star then lost 50MA, seems to be heading towards 200MA support next.
⚡️⚡️ #PENGU/USDT ⚡️⚡️
Exchanges: ByBit USDT
Signal Type: Regular (Short)
Leverage: Isolated (2.5X)
Amount: 5.0%
Entry Targets:
1) 0.030830
Take-Profit Targets:
1) 0.021034
Stop Targets:
1) 0.035740
Published By: @Zblaba
CSECY:PENGU BYBIT:PENGUUSDT.P #4h #PludgyPenguins #Meme pudgypenguins.com
Risk/Reward= 1:2.0
Expected Profit= +79.4%
Possible Loss= -39.8%
Candlestick Analysis
Gold’s Rapid Surge: A Trap Before the Drop?Gold finally showed signs of retreat. We are still holding a short position near 3400. So far, we have made a profit of 50 pips. However, I will still hold it to see if gold can fall back to the 3385-3375 area as expected. We have completed 2 transactions today, and there is still 1 transaction left to hold.
1. First, we bought gold near 3345 and ended the transaction by hitting TP: 3370, making a profit of 250 pips, with a profit of more than $12K;
2. We shorted gold near 3385 and ended the transaction by hitting SL: 3395, with a loss of 100 pips, a loss of nearly $5K;
3. We are still holding a short gold transaction order near 3400, with a current floating profit of 60 pips and a floating profit of nearly $4K;
The above is the detailed transaction situation today. To be honest, today's rebound strength far exceeded my expectations, and after our first long position hit TP, the market never gave any chance to go long on gold after a pullback, but accelerated to around 3401. But obviously, the accelerated rise of gold is suspected of catching up with the top, and in the short term it faces resistance in the 3405-3410 area, and secondly pressure in the 3420-3425 area. So I don't advocate chasing gold at the moment. On the contrary, I am still actively trying to short gold around 3400, first expecting gold to pull back to the 3385-3375-3365 area.
And I think if gold wants to continue to test the 3405-3415 area, or even sprint to the area around 3425, gold must go through a pullback to increase liquidity to accumulate upward momentum. I think it will at least pull back to the 3385-3375 area.
Japanese Candlestick Cheat Sheet – Part Two- 2 candle patternsTwo-Candle Patterns That Signal Shifts in Sentiment
Single candles whisper…
But two candles talk to each other — and when they do, they often reveal the first signs of a reversal or continuation.
In this second part of the series, we go deeper.
From engulfings to haramis, tweezer tops to piercing lines — these patterns don’t just look good on charts… they capture the psychological tug-of-war between buyers and sellers.
Price doesn’t lie.
And two candles in a row can say: “Something just changed.”
Learn to spot them early. Learn to listen when the chart speaks.
This is Part Two of your practical guide to mastering candlestick formations.
BULLISH KICKER
Bias: Bullish
What is the Bullish Kicker pattern?
The Bullish Kicker forms when a strong bullish candle follows a bearish one with no overlap between the two, indicating a sudden shift in sentiment. This pattern is a powerful indicator of a reversal as buyers take control. The sharp contrast between the bearish and bullish candles reflects a dramatic shift in market psychology, where bears are caught off-guard and forced to cover their positions.
Bullish Kickers are rare but extremely telling, providing a clear signal that sentiment is favoring buyers. Recognizing such decisive patterns can be a game-changer.
Meaning:
Found after downtrends or sell-offs; suggests a sudden shift in sentiment, indicating strong buying interest and potential trend reversal.
BULLISH ENGULFING
Bias: Bullish
What is the Bullish Engulfing pattern?
The Bullish Engulfing pattern occurs when a large bullish candle fully engulfs the previous smaller bearish candle, signaling a potential trend reversal. This pattern highlights a moment when buyers overpower sellers, often marking the beginning of upward momentum. Psychologically, it suggests that buyer confidence is returning, and sellers are losing their grip.
For traders, understanding Bullish Engulfing patterns can provide crucial entry points into emerging trends. Learning to identify and trade such patterns is essential for capturing momentum and new trends.
Meaning:
Typically found in downtrends, this pattern signals a potential bullish reversal as buyers overpower sellers, often indicating a shift toward upward momentum.
BULLISH HARAMI
Bias: Bullish
What is the Bullish Harami pattern?
The Bullish Harami consists of a small bullish candle within a preceding larger bearish one, indicating a pause in downward momentum and hinting at a potential reversal. This pattern shows that sellers are beginning to weaken as buyers cautiously test the waters. The Harami reflects a shift in sentiment from bearish to neutral, often marking a transitional phase in the market.
Interpreting the Bullish Harami helps traders spot moments when sentiment is shifting, potentially signaling the start of a trend change.
Meaning:
Seen in downtrends, it suggests indecision, with possible bullish reversal if the following candles confirm buying strength, indicating a weakening bearish trend.
PIERCING LINE
Bias: Bullish
What is the Piercing Line pattern?
The Piercing Line forms when a bullish candle opens below the previous bearish candle’s low but closes over halfway into it. Found in downtrends, this pattern reflects strong buying pressure as buyers step in at lower prices, creating a potential bullish reversal. The Piercing Line pattern suggests that sentiment may be shifting as buyers gain confidence.
This pattern’s strength lies in its psychological impact, revealing moments when buyers are willing to take risks. Recognizing these signs early can provide valuable insights for traders looking to time entries.
Meaning :
Found in downtrends, this pattern suggests a possible bullish reversal if buying continues, as sellers lose control to buyers.
TWEEZER BOTTOM
Bias: Bullish
What is the Tweezer Bottom pattern?
The Tweezer Bottom pattern is characterized by two consecutive candles with nearly identical lows, one bearish and one bullish. This pattern often signals the end of a downtrend, as the matching lows suggest a strong support level where buyers are stepping in. The Tweezer Bottom highlights market psychology at work, with sellers unable to push prices lower, reflecting renewed buying interest.
Tweezer Bottoms are ideal for traders looking to identify support zones and potential reversal points. By understanding this pattern’s significance, traders can make informed decisions.
Meaning:
Found in downtrends, it signals potential reversal, showing strong support at the matching low, suggesting buyers are stepping in.
BEARISH KICKER
Bias: Bearish
What is the Bearish Kicker pattern?
The Bearish Kicker is the inverse of the Bullish Kicker, forming when a strong bearish candle follows a bullish one without overlap, indicating a sharp sentiment shift. This pattern often marks a sudden reversal, with sellers taking control after an initial bullish period. Psychologically, Bearish Kickers are powerful, signaling that buyers are caught off-guard and losing momentum.
Recognizing Bearish Kickers provides traders with insights into sudden shifts in market dynamics, helping them avoid buying into weakening trends.
Meaning:
Found after uptrends; indicates a sudden sentiment shift, signaling potential trend reversal and intensified selling pressure.
BEARISH ENGULFING
Bias: Bearish
What is the Bearish Engulfing pattern?
The Bearish Engulfing pattern forms when a large bearish candle engulfs the previous smaller bullish candle, suggesting a potential reversal in an uptrend. This pattern signals that sellers have regained control, often marking the start of downward momentum. The Bearish Engulfing reveals a psychological shift, as selling pressure overtakes buying interest.
This pattern is a powerful tool for traders who aim to catch trend reversals, allowing them to align with emerging downward momentum.
Meaning:
Typically found in uptrends, this pattern signals a potential bearish reversal as sellers overpower buyers, often indicating a downward momentum shift.
BEARISH HARAMI
Bias: Bearish
What is the Bearish Harami pattern?
The Bearish Harami consists of a small bearish candle contained within a larger preceding bullish one, reflecting indecision and a potential trend reversal. Found in uptrends, it hints that buyers are losing strength, while sellers are cautiously testing the market. This pattern highlights moments when buyer momentum begins to wane, suggesting caution.
Interpreting the Bearish Harami allows traders to spot potential shifts in sentiment, helping them manage risk and time their exits.
Meaning:
Seen in uptrends, it suggests indecision with a potential bearish reversal if following candles confirm, indicating a weakening bullish trend.
DARK CLOUD COVER
Bias: Bearish
What is the Dark Cloud Cover pattern?
The Dark Cloud Cover appears when a bearish candle opens above the previous bullish candle but closes over halfway into it, reflecting a shift in control from buyers to sellers. This pattern suggests that bullish momentum may be fading, hinting at a potential reversal. Dark Cloud Cover patterns reveal moments when sentiment shifts from optimism to caution.
For traders, understanding this pattern helps them anticipate reversals at the top of uptrends.
Meaning:
Found in uptrends; signals potential bearish reversal if selling continues, as buyers lose control to sellers.
TWEEZER TOP
Bias: Bearish
W hat is the Tweezer Top pattern?
The Tweezer Top is formed by two candles with matching or nearly matching highs, typically one bullish and one bearish. This pattern signals potential resistance, as sellers are consistently pushing back against the same level. The Tweezer Top reflects a moment of seller strength, often marking the end of an uptrend.
Recognizing Tweezer Tops helps traders spot resistance zones and potential reversal points, allowing them to avoid buying into weakening trends or even shorting the asset.
Meaning:
Found in uptrends, it signals potential reversal, showing strong resistance at the matching high, suggesting selling pressure.
🧭 Final Thought
Two-candle formations often appear at key turning points — right where most traders hesitate or get trapped.
Learn to read them not just as patterns, but as conversations between candles — one pushing, the other reacting.
And if this is your first time reading the series, don’t miss Part One – where we covered single-candle signals like dojis, hammers, and marubozus — the very foundations of candlestick reading.
A significant drop in price about to occur in XAUUSD (Gold)!!!Price of gold is about to drop significantly as we just spotted a bearish engulfing candlestick pattern in the H4 timeframe around the $3400 level. Also we can spot a double top pattern in 45M timeframe. All of these signals shows a potential sell opportunity from the current market price.
This is likely to be the first significant sell correction after the bullish impulse the market has made since the major breakout occurred around the $2000 level. A sell opportunity is envisaged from the current market price.
GBPUSD Short, 21 JulyShort-Term Bearish Bias Despite HTF OB
Even though we sit at a Daily Orderblock (Buy), LTF structure remains bearish, and price respects both D/4H EMA.
📉 Confluence:
Multiple Asia lows unfilled
Clear snap of recent lows
Gap on DXY still open
DXY lacks perfect structure but aligns with 4H EMA and gaps = possible short-term drop
On GU 15m Extreme OB in play
🎯 Entry: Waiting for 1m BOS to confirm sellers stepping in
🛡️ SL: Slight risk, can’t fully cover highs with a 10 pip stop
📌 TP: Focused on completing Asia lows with 1:3 RR target minimum
Weekly Outlook: Gold Builds Pressure – Is the Big Move Coming?📆 Big Picture View
Since the start of 2024, Gold has been moving in a well-defined long-term bullish trend.
Yes, there were meaningful pullbacks along the way — but the direction was never in doubt. Step by step, Gold climbed over 15,000 pips in just over a year, reaching a new all-time high in late April.
📉 Post-ATH: A Period of Stabilization
After peaking, Gold shifted into consolidation mode, with price gravitating around the 3300 zone.
This sideways movement has been ongoing for the past three months, but it’s not a sign of weakness — it’s the market catching its breath.
On the weekly chart, this consolidation is now forming a symmetrical triangle, a classic continuation pattern that often appears mid-trend.
📐 The Technical Setup
- The symmetrical triangle shows compression of volatility
- Buyers and sellers are slowly converging toward a decision point
- A breakout is approaching, and when it comes, it could be explosive
🎯 What’s the Trigger?
- A confirmed break above 3450 would validate the triangle breakout
- That opens the door to quickly test the 3500 round figure
- The measured target for the triangle sits at 3800
Given the time Gold has spent consolidating (3+ months), this target could realistically be reached by year’s end
🧭 Strategic Takeaway
- As long as Gold holds above 3300, the bullish structure remains valid
- Breakout above 3450 is the green light for the next leg up
- Until then, the consolidation continues, and smart money prepares
📌 Conclusion:
Gold is building pressure. The weekly triangle is maturing.
This isn’t the end — it’s the pause before the next move.
Stay patient. Stay focused.
Because if 3450 breaks… 3800 is not a dream — it’s a destination. 🚀
Disclosure: I am part of TradeNation's Influencer program and receive a monthly fee for using their TradingView charts in my analyses and educational articles.
P.S: Here you have a short term analysis on Gold
How to Trade Doji Candles on TradingViewLearn to identify and trade doji candlestick patterns using TradingView's charting tools in this comprehensive tutorial from Optimus Futures. Doji candles are among the most significant candlestick formations because they signal market indecision and can help you spot potential trend reversal opportunities.
What You'll Learn:
• Understanding doji candlestick patterns and their significance in market analysis
• How to identify valid doji formations
• The psychology behind doji candles: when buyers and sellers fight to a draw
• Using volume analysis to confirm doji pattern validity
• Finding meaningful doji patterns at trend highs and lows for reversal setups
• Timeframe considerations for doji analysis on any chart period
• Step-by-step trading strategy for doji reversal setups
• How to set stop losses and profit targets
• Real example using E-Mini S&P 500 futures on 60-minute charts
This tutorial may help futures traders and technical analysts who want to use candlestick patterns to identify potential trend reversals. The strategies covered could assist you in creating straightforward reversal setups when market indecision appears at key price levels.
Learn more about futures trading with Tradingview: optimusfutures.com
Disclaimer:
There is a substantial risk of loss in futures trading. Past performance is not indicative of future results. Please trade only with risk capital. We are not responsible for any third-party links, comments, or content shared on TradingView. Any opinions, links, or messages posted by users on TradingView do not represent our views or recommendations. Please exercise your own judgment and due diligence when engaging with any external content or user commentary.
This video represents the opinion of Optimus Futures and is intended for educational purposes only. Chart interpretations are presented solely to illustrate objective technical concepts and should not be viewed as predictive of future market behavior. In our opinion, charts are analytical tools—not forecasting instruments. Market conditions are constantly evolving, and all trading decisions should be made independently, with careful consideration of individual risk tolerance and financial objectives.
Accurate prediction, continue to buy after retracement to 3353📰 News information:
1. The Trump administration puts pressure on the Federal Reserve to cut interest rates
2. The continued impact of tariffs and the responses of various countries
📈 Technical Analysis:
Gold is currently rising rapidly, reaching a high near 3368, and the overall bullish trend has not changed yet. It is not recommended to continue chasing the highs at present. Those who are long at 3345 can consider exiting the market with profits. The technical indicators are close to the overbought area and there is a certain risk of a correction. Be patient and wait for the pullback to provide an opportunity. At the same time, 3353 has become the position with relatively large trading volume at present, and the top and bottom conversion in the short term provides certain support for gold longs. If it retreats to 3355-3345, you can consider going long again, with the target at 3375-3385. If it falls below 3345, look to 3333, a second trading opportunity within the day. If it falls below again, it means that the market has changed, and you can no longer easily chase long positions.
🎯 Trading Points:
BUY 3355-3345
TP 3375-3385
In addition to investment, life also includes poetry, distant places, and Allen. Facing the market is actually facing yourself, correcting your shortcomings, facing your mistakes, and exercising strict self-discipline. I share free trading strategies and analysis ideas every day for reference by brothers. I hope my analysis can help you.
FXOPEN:XAUUSD OANDA:XAUUSD FX:XAUUSD FOREXCOM:XAUUSD PEPPERSTONE:XAUUSD TVC:GOLD
Nifty Analysis EOD – July 21, 2025 – Monday 🟢 Nifty Analysis EOD – July 21, 2025 – Monday 🔴
“Shock, Squeeze, and a Strong Close — Bulls Reclaim 25K”
Today’s move was nothing short of shocking. In the first 45 minutes, Nifty plunged more than 150 points, breaking through key levels and touching 24,882. But what followed was a V-shaped recovery that caught both Friday’s shorts and those who shorted below PDC/PDL completely off guard.
The index powered up to mark a day high of 25,080, and sustained above CPR and VWAP throughout most of the session. A final push came around 2:55 PM, breaking the intraday trendline and CDH, registering a fresh high before closing near the top at 25,090.70.
✅ Bulls not only held 25K — they dominated the battlefield all day, recovering almost everything lost during Friday’s drop.
🕯 5 Min Time Frame Chart with Intraday Levels
🕯 Daily Time Frame Chart with Intraday Levels
🕯 Daily Candle Breakdown
Open: 24,999.00
High: 25,111.40
Low: 24,882.30
Close: 25,090.70
Change: +122.30 (+0.49%)
📊 Candle Structure Breakdown
Real Body: 91.70 points → strong bullish body
Upper Wick: 20.70 points → slight hesitation near highs
Lower Wick: 116.70 points → deep intraday buying from the lows
🔍 Interpretation
Mildly negative open, followed by a sharp 150-point fall
Buyers stepped in strongly near 24,880, triggering a sharp reversal
V-shape recovery sustained above CPR & VWAP, closing near high
Close is not just above open — it’s above Friday’s close and 25K mark
🕯 Candle Type
Hammer-like Bullish Reversal Candle — Long lower wick with green body, signaling strong dip buying and possible short-term trend reversal
📌 Key Insight
Strong defense at 24,880–24,900 created the base for reversal
Close above 25,090 shifts near-term bias in favor of bulls
25,110–25,140 is the next resistance to watch
As long as we stay above 24,900, buyers hold the edge
🛡 5 Min Intraday Chart
⚔️ Gladiator Strategy Update
ATR: 186.31
IB Range: 166.8 → Wide IB
Market Structure: 🟡 Balanced
📉 Trades Triggered:
10:09 AM – Long Trade → ❌ SL Hit
📌 Support & Resistance Levels
Resistance Levels:
25,080 ~ 25,060
25,125
25,168
25,180 ~ 25,212
Support Levels:
25,037
25,000 ~ 24,980
24,965
24,894 ~ 24,882
24,825
24,800 ~ 24,768
💭 Final Thoughts
🧠 “Volatility doesn’t confuse the market — it reveals who’s in control.”Today’s V-shaped reversal erased all doubts from Friday’s fall. Buyers didn’t just defend — they counterattacked and reclaimed 25K with authority.Follow-through above 25,125 on Monday could confirm trend resumption.
✏️ Disclaimer
This is just my personal viewpoint. Always consult your financial advisor before taking any action.
GBPUSD SHORTMarket structure bearishh on HTFs 3
Entry at both Weekly and Daily AOi
Weekly Rejection at AOi
Previous Weekly Structure Point
Daily Rejection at AOi
Daily EMA retest
Around Psychological Level 1.34500
H4 EMA retest
H4 Candlestick rejection
Rejection from Previous structure
Levels 5.02
Entry 115%
REMEMBER : Trading is a Game Of Probability
: Manage Your Risk
: Be Patient
: Every Moment Is Unique
: Rinse, Wash, Repeat!
: Christ is King.
Warning Signs After Gold’s Sharp Rise — Is a Pullback Coming?Today, gold rebounded from around 3345, and has now rebounded to around 3389, which is only one step away from the 3400 mark. Gold has hardly retreated during the rise, and the rise is strong. However, we can see from the small-level candle chart that gold suddenly accelerated its rise after consolidating around 3365, and continued to around 3390, and is now oscillating near the recent high trend line.
After gold accelerated its rise and oscillated near the recent high trend line, this made me have to be more cautious, because we must be careful that the acceleration of gold's rise in the short term is a trap for buyers, so even if we are bullish on gold in the short term, we should not directly chase gold at a high level; according to the current structure of gold, I think it is necessary for gold to retest the 3370-3360 area support before continuing to rise and hitting 3400. Only after verifying that the support in this area is effective can it be conducive to a better rise in gold!
So for short-term trading, I think we can still try to short gold now, and then wait patiently for gold to retest the 3370-3360 area.
NIFTY SUPPORT & RESISTANCE ZONES FOR 22-07-2025Nifty Support & Resistance Zones for Tomorrow 22-07-2025
Based on price cluster analysis and recent market structure, the following key support and resistance levels have been identified for the upcoming session:
Resistance Zones:
25438.25 – 25454.15
25363.45 – 25374.55
25257.60 – 25287.05
25178.00 – 25194.70
25089.70 – 25111.15
Support Zones:
25012.50 – 25030.00
24901.90 – 24931.35
24800.00 – 24825.50
24725.20 – 24733.20
24642.45 – 24651.20
These levels are derived from high-probability zones where price has shown repeated interaction in the recent past. Watch how Nifty reacts at these zones for potential breakout, reversal, or pullback setups.
BTCUSD - BEARISH DIVERGENCE DETECTEDCAPITALCOM:BTCUSD
BTCUSD has been in a bullish trend over the past few hours and is now approaching the resistance at 119,500.00.
On the hourly chart, a bearish hammer has formed alongside a stochastic divergence, signaling potential downside.
⚡ This signal is reinforced by a strong resistance level above, adding weight to a possible pullback scenario.
📉 If BTCUSD rebounds from this level, consider Sell setups with take profit at the nearest support.
📈 If it breaks out, look for Buy opportunities on confirmation.
⚡ We use Stoch (14) to spot potential reversals when it exits overbought or oversold zones — helping you catch clear, confident entries.
GBPUSD: Your Trading Plan For Today ExplainedThe GBPUSD is currently consolidating at a solid intraday/daily support level.
To enter a buy position with confirmation, it's advisable to wait for a breakout on the 4-hour chart.
A breakout followed by a 4-hour candle closing above the horizontal resistance will serve as a strong bullish signal, with a target of 1.3558.
Conversely, if the price makes a new lower low on the 4-hour chart, this setup will be considered invalid.
Nifty has taken support at Mother line as expected.Despite poor showing by Reliance post result and TCS continuing to fall Nifty staged a remarkable comeback on the back of Pvt Sector banking which did well. Bank Nifty came back strongly posting 1.19% gains today which enabled Nifty to rise 122 points or 0.49%. Capital Goods, Finance and Metals indices also gained more than 1% each.
Resistances for Nifty now remain at: 25150, 25277 (Trend line resistance), 25448, 25684 and finally channel top resistance at 25915.
Supports for Nifty remain at: 24938 (Mother Line Support of Daily Chart), 24759, 24503, 24259 and finally 24116 (Father Line support of Daily chart).
Shadow of the candle right now is neutral to positive and RSI is 47.63 with median RSI resistance at 54.09.
Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock or index. The Techno-Funda analysis is based on data that is more than 3 months old. Supports and Resistances are determined by historic past peaks and Valley in the chart. Many other indicators and patterns like EMA, RSI, MACD, Volumes, Fibonacci, parallel channel etc. use historic data which is 3 months or older cyclical points. There is no guarantee they will work in future as markets are highly volatile and swings in prices are also due to macro and micro factors based on actions taken by the company as well as region and global events. Equity investment is subject to risks. I or my clients or family members might have positions in the stocks that we mention in our educational posts. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message. Do consult your investment advisor before taking any financial decisions. Stop losses should be an important part of any investment in equity.
GOLD: Pre-market PrepSo for gold today, I see a lot of confluence around the prior week's high, prior day's high, and the prior value area high. We also had a poor high last Friday that we've clearly broken through.
Right now, we're in balance up above these key levels. My immediate plan is to continue going long up to the prior month's value area high. If we get a pullback to the confluence area, I want to take it up from there.
If the market opens and we accept back into the previous area, I'll be looking to go short from that area and take it down. That's my main analysis for gold today. Let’s trade smart, peace!
Gold is waiting for a pullback to break through 3400In the short term, gold is stuck in a sideways trend near 3365. It is not recommended to enter this point regardless of long or short positions. It is expected that there will be certain variables in the NY period. If gold retreats and falls in the short term as we expect, it may first touch around 3361. If it falls below 3361, it is expected to touch around 3353, which is also the point I gave this morning to see support.
Judging from the market, our focus on the upper side is still the 3375-3385 resistance area. If it can be effectively broken through, it is expected to hit the 3400-3420 mark. Although the daily MACD is oscillating near the zero axis, the 4H market shows that the oscillation is strong. Our trading strategy remains unchanged in the short term. The pullback in the NY period provides an opportunity, and we can consider going long. If there is new news during the day that requires adjustment, I will notify you immediately. Bros, please be patient and wait for trading opportunities.
OANDA:XAUUSD
Japanese Candlestick Cheat Sheet – Part OneSingle-Candle Formations That Speak
Before you dream of profits, learn the one language that never lies: price.
Indicators are just subtitles — price is the voice.
Japanese candlesticks are more than just red and green bars — they reflect emotion, pressure, and intention within the market.
This series will walk you through the real psychology behind candlestick patterns — starting here, with the most essential:
🕯️ Single-candle formations — the quiet signals that often appear before big moves happen.
If you can’t read a doji, you’re not ready to understand the market’s hesitation.
If you ignore a hammer, you’ll miss the moment sentiment shifts.
Let’s start simple. Let’s start strong.
This is Part One of a five-part series designed to build your candlestick fluency from the ground up.
1. DOJI
Bias: Neutral
What is the Doji pattern?
The Doji candlestick pattern forms when a candle’s open and close prices are nearly identical, resulting in a small or nonexistent body with wicks on both sides. This pattern reflects market equilibrium, where neither buyers nor sellers dominate. Dojis often appear at trend ends, signaling potential reversals or pauses.
As a fundamental tool in technical analysis, Dojis help traders gauge the psychological battle between buyers and sellers. Proper interpretation requires context and experience, especially for spotting trend shifts.
Meaning:
Indicates market indecision or balance. Found during trends and may signal a reversal or continuation based on context.
LONG-LEGGED DOJI
Bias: Neutral
What is the Long-Legged Doji pattern?
The Long-Legged Doji captures a moment of intense uncertainty and volatility in the market. Its long wicks represent significant movement on both sides, suggesting that neither buyers nor sellers have control. This back-and-forth reflects the psychology of market participants wrestling for control, which often foreshadows a shift in sentiment. When traders see a Long-Legged Doji, it highlights the need to monitor for potential changes in direction.
They can appear within trends, at potential reversal points, or at consolidation zones. When they form at the end of an uptrend or downtrend, they often signal that the current trend may be losing momentum.
Meaning:
The prominent wicks indicate volatility. Buyers and sellers pushed prices in opposite directions throughout the session, ultimately reaching an indecisive close.
SPINNING TOP
Bias: Neutral
What is the Spinning Top pattern?
A Spinning Top is a candlestick with a small body and long upper and lower wicks, indicating that the market has fluctuated significantly but ultimately closed near its opening price. This pattern often points to a moment of indecision, where both buyers and sellers are active but neither dominates. Spinning Tops are commonly found within both uptrends and downtrends and can suggest that a trend is losing momentum.
For traders, a Spinning Top provides a valuable insight into market psychology, as it hints that the prevailing sentiment may be weakening. While Spinning Tops alone aren’t always definitive, they can serve as a precursor to larger moves if the following candles confirm a shift in sentiment.
Meaning:
Shows indecision between buyers and sellers. Common in both up and downtrends; signals potential reversal or pause.
HAMMER
Bias: Bullish
What is the Hammer pattern?
A Hammer candlestick appears at the end of a downtrend, with a small body and a long lower wick. This shape reflects a moment when sellers pushed prices lower, but buyers managed to absorb the selling pressure and drive prices back up before the close. This pattern is particularly important for spotting potential reversals, as it indicates that buyers are beginning to reassert control.
Hammers reveal the underlying psychology of a market where buying confidence is emerging, even if sellers have dominated for a while. To successfully trade this pattern, it’s essential to confirm the reversal with subsequent candles.
Meaning:
Showing rejection of lower prices. Signals potential bullish reversal, especially if followed by strong buying candles.
INVERTED HAMMER
Bias: Bullish
What is the Inverted Hammer pattern?
The Inverted Hammer forms at the bottom of a downtrend, with a small body and long upper wick. This pattern shows that buyers attempted to push prices higher, but sellers ultimately brought them back down by the close. The Inverted Hammer is an early sign of buyer interest, hinting that a trend reversal may be underway if subsequent candles confirm the shift.
Interpreting the Inverted Hammer helps traders understand where sentiment may be shifting from bearish to bullish, often marking the beginning of a recovery. Recognizing these patterns takes practice and familiarity with market conditions.
Meaning:
Showing rejection of higher prices. Can signal bullish reversal if confirmed by subsequent buying pressure.
DRAGONFLY DOJI
Bias: Bullish
What is the Dragonfly Doji pattern?
The Dragonfly Doji has a long lower wick and no upper wick, forming in downtrends to signal potential bullish reversal. This pattern reveals that sellers were initially in control, pushing prices lower, but buyers stepped in to push prices back up to the opening level. The Dragonfly Doji’s unique shape signifies that strong buying support exists at the lower price level, hinting at an impending reversal.
Recognizing the psychology behind a Dragonfly Doji can enhance a trader’s ability to anticipate trend changes, especially in markets where support levels are being tested.
Meaning:
Found in downtrends; suggests possible bullish reversal if confirmed by a strong upward move.
BULLISH MARUBOZU
Bias: Bullish
What is the Bullish Marubozu pattern?
The Bullish Marubozu is a large, solid candle with no wicks, indicating that buyers were in complete control throughout the session. This pattern appears in uptrends, where it signals strong buying momentum and often foreshadows continued upward movement. The absence of wicks reveals that prices consistently moved higher, with little resistance from sellers.
For traders, the Bullish Marubozu offers a glimpse into market psychology, highlighting moments when buyer sentiment is particularly strong. Learning to identify these periods of intense momentum is crucial for trading success.
Meaning:
Showing complete buying control. Found in uptrends or at reversal points; indicates strong buying pressure and likely continuation of the trend.
SHOOTING STAR
Bias: Bearish
What is the Shooting Star pattern?
The Shooting Star appears at the top of an uptrend, characterized by a small body and a long upper wick, indicating a potential bearish reversal. Buyers initially drove prices higher, but sellers took over, bringing prices back down near the open. This shift suggests that buyers may be losing control, and a reversal could be imminent.
Interpreting the Shooting Star gives traders valuable insights into moments when optimism begins to fade, providing clues about a potential trend shift.
Meaning:
Indicating rejection of higher prices. Signals a potential bearish reversal if followed by selling pressure.
HANGING MAN
Bias: Bearish
W hat is the Hanging Man pattern?
The Hanging Man candle forms at the top of an uptrend, with a small body and long lower wick. This pattern suggests that sellers attempted to drive prices down, but buyers regained control. However, the presence of a long lower shadow hints that sellers may be gaining strength, potentially signaling a bearish reversal.
The Hanging Man pattern reflects market psychology where buyers might be overextended, making it a valuable tool for identifying potential tops in trends.
Meaning:
Signals potential bearish reversal if confirmed by selling candles afterward.
GRAVESTONE DOJI
Bias: Bearish
What is the Gravestone Doji pattern?
With a long upper wick and no lower wick, the Gravestone Doji reveals that buyers pushed prices up, but sellers eventually regained control. Found in uptrends, it suggests that a bearish reversal could be near, as the upper shadow indicates buyer exhaustion. The Gravestone Doji often appears at market tops, making it a valuable indicator for those looking to anticipate shifts.
Understanding the psychology behind this pattern helps traders make informed decisions, especially in markets prone to overbought conditions.
Meaning:
Showing rejection of higher prices. Found in uptrends; signals potential bearish reversal if followed by selling activity.
BEARISH MARUBOZU
Bias: Bearish
What is the Bearish Marubozu pattern?
The Bearish Marubozu is a large, solid bearish candle without wicks, showing that sellers held control throughout the session. Found in downtrends, it signals strong bearish sentiment and suggests that the trend is likely to continue. The lack of wicks reflects consistent downward momentum without significant buyer support.
This pattern speaks about market psychology, offering traders insights into moments of intense selling pressure. Recognizing the Bearish Marubozu can help you align with prevailing trends and avoid buying into weakening markets
Meaning:
Showing strong selling pressure. Found in downtrends; signals continuation of the bearish trend or an intensifying sell-off.
👉 Up next: Double-candle formations – where price meets reaction.
SOLUSDT 1D Chart Analysis | Accumulation Breakout Signals....SOLUSDT 1D Chart Analysis | Accumulation Breakout Signals Fresh Momentum
🔍 Let’s drill into the SOL/USDT daily chart, focusing on the recent breakout above the accumulation range, key support and resistance levels, RSI momentum, and volume confirmation for a robust bullish scenario.
⏳ Daily Overview
SOLUSDT has decisively broken out above a prolonged accumulation box, marking a significant shift in market structure. A daily close beyond this range now serves as a strong indicator for renewed bullish momentum. RSI is currently above 77, signaling that buyers are commanding momentum. Notably, volume has surged in tandem with price, confirming trader participation behind this breakout move.
📈 Technical Convergence and Trend Structure
- Accumulation Zone Break: After consolidating within a clear box for weeks, SOLUSDT closed above the upper boundary (around $180.88–$191.05), signaling a possible trend reversal or continuation.
- Daily Close Signal: A daily close outside the accumulation box offers high conviction for bullish continuation. This close acts as a potential entry signal for trend-followers.
- RSI Momentum: The RSI sits above 77—deep in the overbought territory. A close here not only confirms buyer strength but often precedes sustained uptrends when accompanied by price breakouts.
- Volume Surge: Volume has increased with the breakout, providing confirmation the move isn’t a false start, but likely fueled by real demand.
- Weekly Fake Breakout: There was a notable false breakout in the weekly timeframe, quickly reclaimed by bulls. This flip suggests buyers fended off downside attempts and now drive higher prices.
🔺 Bullish Setup & Targets
- First Target: $256.90 — marking the next major resistance on the chart and a logical upside objective for traders.
- Key Trigger: A confirmed daily (or weekly) close above the accumulation range with strong volume is essential for validating the upward trajectory.
📊 Key Highlights
- The breakdown of the accumulation box—now turned support—marks a pivotal structural change.
- RSI and price are making new local highs, solidifying the case for continued bullish momentum.
- Volume is climbing in sync with the move, offering real confirmation versus a potential fakeout.
- Recent fake breakout on the weekly chart, immediately negated, emphasizes that buyers are regaining—and likely maintaining—control.
🚨 Conclusion
SOLUSDT appears set for higher prices following the confirmed breakout above the accumulation range. Signs of trend health include an overbought RSI, volume confirmation, and the swift invalidation of a recent weekly fake breakout. As long as daily closes stay above the breakout level, the path remains clear for a rally toward $256.90. A strong daily close and continued volume will be your best signals for bullish continuation.