Get started

Bottom

$CFG - Daily & Weekly Chart Patterns#CFG Daily and Weekly Charts. It is creating higher lows and higher highs for a while absorbing the major supplies and forming a rounded bottom pattern. It is sitting above all the major moving averages denoting a strong uptrend is forming. The next supply zone is around 32 levels and we may see some reaction and a higher low before reaching the supply zone. We need to see how it reacts to the supply zone. In the weekly chart, it made a breakout from a symmetrical triangle which confirms the daily chart pattern.
NYSE:CFGLong
by sgzaman
YFII Well, the "second bottom" as a gift or still to $1900?Our previous idea accurately worked out, and given the great interest of users and their "support", it's time to update thoughts on YFII. For 3 months, the YFII cost has been non-stop falling in the channel. For the first time, the "bottom" at the level $1169 was recorded on 10.07.2020, and the fall was 88% of the maximum value. Those days, the maximum trading volumes were recorded, that is, there was interest. Today, for the third time, the price has approached "conditional bottom"level . But trading volumes are gradually decreasing, you need to carefully monitor whether there are interested large buyers, because so far there are no applications for a rebound from the “bottom”. Although, we see the following scenarios in the near future : If the price can fix above $1385-1400 and exit from the falling channel, then the way to a firm volume level $1900 will be opened. If the price breaks the "bottom" down and fixes below $1135, then there will be every chance to get a second "bottom" at the level $860 or even a third "bottom" in the zone $500-630. P.S. our YFII trade here ______________________________ Since 2016 , we have been analyzing and trading the cryptocurrency market. We transform our knowledge, trading moods and experience into ideas. Each " like under the idea" boosts the level of our happiness by 0.05% . If we help you to be calmer and richer - help us to be happier :)
Y
by P_S_trade
Zoom 8h Chart 11/2 Head & Shoulders May Have Bottomed@cptWORLD Gave some great insight on zoom so I went back to review and adjust accordingly at the the end of the day. The bears failed today which I wasn't expecting until the last green trendline. This made me adjust my buy zone up slightly to 430-455. However, we need to see tomorrow and over the next few days how price reacts to this trend. Right now we are looking good for a bounce back up. I've switched from short-term bearish to neutral. I'll be watching this closely as more lockdowns and stay-at-home orders are announced. NASDAQ:ZM
NASDAQ:ZM
by jakelikesstocks
5
RCEL, Broadening Bottom (bearish) I found this pattern at tickeron website with the following data: STATUS = Confirmed CURRENT CONFIDENCE = 82% TARGET (EXIT) PRICE = 12.07 USD BREAKOUT (ENTRY) PRICE = 20.50 USD DISTANCE TO TARGET PRICE = 41.23% EMERGED ON = Oct 30, 12:00 PM (EDT) CONFIRMED ON = Oct 30, 03:39 PM (EDT) WITH CONFIDENCE LEVEL = 95% The Broadening Bottom pattern forms when a security price makes higher highs (2, 4) and lower lows (1, 3, 5) following two widening trend lines. The price is expected to move up or down past the pattern depending on which line is broken first. What distinguishes a Broadening Bottom from a Broadening Top is that the price of the security is declining prior to entering the pattern formation. This type of formation happens when volatility is high or increasing, and when a security's price is moving with high volatility but or no direction. It potentially indicates growing investor nervousness and a little indecisiveness. Trade idea If the price breaks out from the bottom pattern boundary, day traders and swing traders should trade with a DOWN trend. Consider selling the security short or buying a put option at the downward breakout price level. To identify an exit, compute the Target Price by subtracting the pattern height from the breakout point. Pattern height is a difference between patterns highest high and its lowest low. To limit potential loss when price suddenly goes in the wrong direction, consider placing a stop order to buy back a short position or sell a put option at or above the breakout price.
NASDAQ:RCELShort
by AlTorress
XRPBTC 3D. Looking forward to strong growth!Our first XRPBTC idea. But we plan to do a whole series as situation changes , so subscribe to us and like to keep abreast of ideas updates. It is one of the first coins , which in 2017 gave us X's almost every day, especially in a pair to Bitcoin. One of the nicest crypto trading memories). We don't know if the history of 2017 will repeat itself, most likely not. But XRP's price has almost sunk to the bottom . There will be a good rebound sooner or later! Now the price is in the middle of the falling channel and in the coming days it will be decided where to move next. If it fixes below 0.00002060, then the way of movement to 0.00001650 will open. If it pushes upward from 0.00002060 now, it will move to the zone 0.00002400-0.00002530. Price fixing in the circled zone , we will consider as a significant signal before the start of a strong upward rally. P.S. Below are our thoughts on the XRPUSDT pair:
Long
by P_S_trade
2
GOBTC is creating a double bottom? 🦐 GOBTC is creating a double bottom? The price is on Key level. The price must react otherwise we can see a discovery price. According to Plancton's strategy, we can set a nice order ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> >4h structure. Here is the Plancton0618 technical analysis, please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
GLong
by InkyGrip
4
FLATTENING TO BOTTOMS - SELLERS STILL THERE - NOKIA -DAILYWe have noticed that the market price is flattening. From a long super drop, it has been evolving in a horizontal range which is still going a bit down. The bottom black lines are showing probable bottom and potential extended bottom. Whenever the market price finds regularity in the long direction, sellers come to push it back down. To resume the recovery is very hard and the fall easy to engage. Very pessimistic. The top blue line is showing a zone where sellers are stronger. Their action zone. Breaking that point would possibly announce a big movement upwards. Positive side: The market trend is less elastic in the decrease direction and have been trying to run horizontally rather than downwards. Investors sentiment is probably what the price reveals. Waiting maybe for a decision in the board or expecting a technological move to revive Nokia Corporation's price up.
OMXHEX:NOKIA
by Diallo_Charts_Ideas
Distribution & Follow-Through DaysInvestor Business Daily model follows the model of distribution and follow-through days based on volume as follows: Distribution days: A distribution day is defined as a day in which the move by the index is moves -0.5% on stronger volume than the previous day. Follow-Through days: On Day 4 or later of the attempted rally, at least one of the key market indexes must deliver a strong gain in volume up from the previous day. That big gain in rising volume is the follow-through day, which confirms that a new uptrend is underway. A follow-through day can't pick the exact day that a market bottoms, but it can get you in close to the bottom. Because this model is intended to value the market health, and how market-makers are positioning themselves, this cluster historically signifies a more defensive market.
AMEX:SPYShort
by dorfmanmaster
1
BCHBTC is trying to have a breakout 🦐BCHBTC is trying to have a breakout from the descending channel after the price created a double bottom. According to Plancton's strategy, we can set a nice order ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> >4h structure. Here is the Plancton0618 technical analysis, please comment below if you have any question. The ENTRY in the market will be taken only if the condition of Plancton0618 strategy will trigger.
Long
by InkyGrip
13
Impressive reversal pattern on the daily with the dollar.Inverted H&S Break Even Failure Rate 11% Average Rise: 45% Throwback Rate 65% Percentage of Price meeting price target 71% Trend: Downward leading to pattern Price: Must have something to reverse, so if the decline leading to the pattern is small, expect a small rise. Volume: Highest on left shoulder or head “A short-term drop (0-3 months) leading to the pattern results in the best postbreakout performance. “ "A higher left shoulder valley when compared to the right shoulder valley results in worse post breakout performance." - so one could assume the inverse is true? a lower left would result in Better breakout performance?? Breaking right to R3, and not passing on first go is not unusual. With a potential bottoming pattern - right now I'd say the trend for the dollar is to hard to call frankly any trade on. I'm leaning bullish on the dollar, which sounds insane, and does not bode well for commodities - but this pattern on the daily is indicative of a reversal in the dollar. The dollar folks may be getting higher here despite "brrr". Keep in mind how poor the velocity of M2 supply is right now. And keep in mind the Fed giving guidance that rates will be low for years is hinged to their confidence that essentially inflation is really not coming, certainly not hyper inflation or anything high. Very interesting to see if the dollar has found a bottom here. Not advising any trade right now.
TVC:DXYEducation
by ZenMode
7
ZTS Broadening Bottom (bullish)I found this pattern at tickeron website with the following data: STATUS = Confirmed CURRENT CONFIDENCE = 66% TARGET (EXIT) PRICE = 166.29 USD BREAKOUT (ENTRY) PRICE = 162.17 USD DISTANCE TO TARGET PRICE = 2.83% EMERGED ON = Sep 24, 12:00 PM (EDT) CONFIRMED ON = Sep 28, 09:30 AM (EDT) WITH CONFIDENCE LEVEL = 74% A broadening bottom can be characterized as a bullish reversal pattern. It consists of two divergent lines that form a triangle. The movements between the two triangle sides increase as the pattern continues. Each side must be touched at least twice to be validated. The Broadening Bottom pattern is formed when the price of a security progressively makes higher highs (2, 4) and lower lows (1, 3, 5) following two widening trend lines. The price is expected to move up or down past the pattern depending on which line is broken first. What distinguishes a Broadening Bottom from a Broadening Top is that the price of the security is declining prior to entering the pattern formation. Once the price breaks out from the top pattern boundary, day traders and swing traders should trade with an UP trend. Consider buying a security or a call option at the upward breakout price/entry point. To identify an exit, compute the target price by adding the pattern height (H on the chart) to the breakout price. The pattern height is the difference between the pattern’s highest high and its lowest low. To limit potential loss when the price suddenly goes in the wrong direction, consider placing a stop order to sell at or below the breakout price. This type of formation happens when volatility is high or increasing, and when the price of a security is moving with high volatility but with little or no direction. It can potentially indicate growing investor nervousness and indecisiveness.
NYSE:ZTSLong
by AlTorress