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Candlestickpattern

UBER: A top signal under a resistance? Post-Earnings analysis.• UBER is doing some interesting technical movements, even with the increased volatility after earnings; • UBER went up just to hit the previous resistance at $30.24, a previous support from Oct 06; • While I’m writing this, UBER is trying to do a Shooting Star candlestick pattern, a top sign; • If UBER confirms a top sign, just under a resistance area, then we might expect a correction; • Therefore, if UBER corrects to its 21 ema around $27 - $28, it won’t be a huge surprise; • In order to avoid this, UBER has to react as soon as possible and break the $30.24; • If UBER breaks its resistance, the next target would be at $33.38 (green line). Remember to follow me to keep in touch with my analyses!
NYSE:UBER
by Nathan_The_Finance_Hydra
3
Important week for EURUSD This week, we have FED Interest Rates. This is the most important event for the market right now! We're probably going to see big fluctuations in price and the best opportunities will be after the news on Wednesday. One option is to wait for EURUSD to go near 1,0090 and see if there will be a rejection during the news. If price action confirms the entry, then that will be a great setup. We're not sure if price will rise and reach that level so we don't recommend looking to buy immediately!
by ForexTrendline
5
AMC: A top sign! What it takes for it to reverse?• AMC is in a resistance área made by the 21 ema and the black line at $6.80 – which was a previous support level multiple times in the past, now it is working as a resistance, following the Principle of Polarity; • In addition, we see a top sign, as yesterday it did a Shooting Star candlestick pattern, and today it is doing another bearish candlestick; • If AMC loses yesterday’s low it might drop again to the previous support at $5.47 (red line), resuming the bear trend; • By losing the $5.47, the next stop would be only at $5 area; • Could AMC avoid this scenario? Yes, if it reacts quickly and breaks the dual-resistance area made by the 21 ema/black line – preferably closing above it; • This could reverse the trend in the short-term to the $8.15, our next resistance; • Since we have earnings in 12 days, this could enhance the upside (or downside), depending on how the market reacts to the results. Remember to follow me to keep in touch with my analyses!
NYSE:AMC
by Nathan_The_Finance_Hydra
Important news for EURUSD Today we have ECB Interest Rates decision. We should see them going up by 0.75%. No matter what will be the bank's decision, we're going to see big moves on EURUSD. We could see more bullish pressure on EURUSD, but we have to keep in mind that FED is also coming out with their decision soon. That means, whatever upside move we see today, it could reverse pretty soon. That's why, we think the best decision today would be to wait for the news and look for entries after that. Also, price reaching higher levels will only give us a better sell opportunities.
by ForexTrendline
4