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Candlestickpattern

Da Bears and Gold-1hr candlestick This area showed potential to become a double bottom. The white line is the yesterday's daily close. You can see how two Hammers were created. This formation ended up being just part of a bounce of a larger bearish move. The candle immediately following the second hammer is a large Bearish Engulfing which closed right at the level of support. The next candle has no upper wick and was able to push down. The Daily support now turned resistance. If this Bearish momentum continues, we could see Gold continue to drop several hundred dollars.
FX:XAUUSD
by Shanktown
A Strong Uptrend Pattern!A significant price movement from the previous trading due to intrigue buyers backed by a high volume. Hence, the candlestick body closed above the MA50 line. This indicates a strong buying interest in CYPARK from the previous candlestick pattern toward the uptrend pattern. MACD and OBV indicate a divergence pattern, hence, supporting the pricing uptrend towards the next price resistance. The RSI indicators are not yet exceeded indexer 70, therefore, low probability of changes in trend reversal due to overbought or overvalued. The Price of Control (PoC) is 0.42 and above the VWAP line which is possibly a long position trading strategy. Let's save CYPARK in WL and watch out price movement towards the MA90 line as the next resistance price. R 0.460 S 0.385
MYX:CYPARKLong
by eskopitehmilo