Double Bottom
AUDCHF- BUYCALL - RSI divergence and Double Bottommarket has formed Bullish divergence on Bearish trend followed by Double Bottom formation. This indicates that market will now reverse the trend and we can expect bullish trend.
Entry will be taken after breakout of resistance level which is also a LH and TPs will be 1:1 and 1:2 accordingly. SL is placed slightly below the Double Bottom.
CADCHF- Another way to Look at BULLISH BIAS - 5 Strong Reasons Strong confluences on 1D time frame for the Bullish BIAS on this pair.
1- RSI divergence
2- Formation of HH and HL
3- Bullish Trend Line
4- Hammer Candle stick pattern formation
5- Double Bottom
we anticipate the market to remain in Bull phase.
Entry point is market with TP1 and TP2 as R:R of 1:1 and 1:2 respectively. Keep you Stop loss slightly below the Double Bottom (Support line)
Can $AMC come back to life again? NYSE:AMC is showing some good TA on the weekly and daily chart. We are visiting lows from the past, which reminds me of when I played NYSE:AMC and it visited the COVID lows.
On both the Weekly and Daily we have the MACD in GREEN, RSI crossing MA which the weekly is showing downtrend being broke.
Daily chart Is almost or is right on the 8 day crossing the 21 day EMA. Daily is also breaking the downtrend of ~$4.40 along with breaking the 100 day SMA. Holding VWAP form the low of $2.45 on 4/4/2025.
NYSE:AMC Price as of 5/15/2025: $2.81
Need to see continuation out of the downtrend with volume
Break the resistance level of $2.81 - $2.85, which has the 100 Day SMA around the $2.83 that needs to be cleared.
Then $2.90 - $3.00 and we'll follow the Fib Levels and mark support/resistance levels as we go.
This could get spicy so buckle up knuckleheads!
NYSE:AMC Daily
NYSE:AMC Weekly
SONIC | (Previously Fantom) | HUGE BULLISH PatternFTM has now officially been replaced on most exchange and is now trading as Sonic.
At first we saw an initial drop, typical "sell the news" actions, but now there is a bullish pattern forming in the 4h timeframe.
SONIC is bullish because:
✅ Upwards trendline trading
✅ Higher Lows
✅ Bullish chart pattern: W-Bottom
_______________
BYBIT:SONICUSDT
Double bottom and Demand on RIOT! OptionsMastery:
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Thank you as always for watching my videos. I hope that you learned something very educational! Please feel free to like, share, and comment on this post. Remember only risk what you are willing to lose. Trading is very risky but it can change your life!
Cat's in the CradleHey Guys!! Here's one for you that you are going to Like
Let's Aim for a ~50% profit, on This one...
($22---->30 )
double-bottom,Trend Channel
Clearly defined Support-and-resistance Touch points.
Cheers!
And the cat's in the cradle and the silver spoon
Little boy blue and the man on the moon
"When you comin' home, Dad?"
"I don't know when, but we'll get together then
You know we'll have a good time then"
LONG ON GBP/CHFGBP/CHF Has a Perfect Double bottom pattern at a major demand area.
Price has broken the neckline of the double top and is currently pulling back to sweep liquidity and balance out price at any FVG's (Fair Value Gaps)
Liquidity sits behind the 2 wicks on the double bottom, so price may sweep that BEFORE rising.
Must give you stop loss space behind the wicks to survive the trade.
I have a buy limit order setup to take advantage of the pullback which will place me in the trade at discount price.
From there im looking to catch 300 pips to the previous swing high.
ATOM: Double Bottom Confirmed – Gap Fill to $10 in Sight#ATOM nailed the perfect bounce from the $3.611 support, confirming a clean double bottom pattern. The structure looks strong, and the next major target is the $10 level for a potential gap fill.
Follow me to catch more plays like this in real time. 🚀
Entry: 4.2
TP: 10
SL: 3.3
ELPI (VCP - 26W 14/4 3T)Position update: March 25, 2025.
Key factors:
1. Confirmed stage 2 uptrend.
2. A textbook double bottom with VCP characteristics.
3. Has gone through its majority line of supply.
4. Moving on its own drummer, the stock consolidates while the index suffers a terrible decline.
5. High relative strength.
6. Volume dries up as less supply coming to the market.
7. Strong fundamentals, with consistent year-over-year earnings growth.
Considerations: Despite these strengths, the broader market remains in a bearish phase, down over 20% from its all-time high. Geopolitical risks, persistent net foreign selling, declining investor confidence, and concerns over the government downplaying the stock market's significance continue to contribute to an unstable market environment.
EUR/GBP Analysis Double Bottom Breakout Toward TargetOverview of the Chart
This chart displays a EUR/GBP daily timeframe setup, highlighting a Double Bottom Pattern, a well-known bullish reversal formation. The pattern consists of two consecutive lows at a similar price level, followed by a breakout above a key resistance zone. This setup suggests a potential trend reversal from bearish to bullish.
Technical Analysis Breakdown
1. Double Bottom Formation (Reversal Signal)
Bottom 1: The first low was established after a prolonged downtrend, where the price found support and bounced higher.
Bottom 2: Price revisited the same support area but failed to break lower, indicating that sellers are losing strength and buyers are stepping in.
A double bottom pattern signals that the asset is forming a strong base and is likely to move higher after breaking the neckline (resistance level).
2. Support and Resistance Levels
Support Level (~0.8322):
This level acted as a demand zone, preventing further downside.
It marks the price area where buyers accumulated positions, leading to a reversal.
Resistance Level (~0.8500):
This level previously acted as a supply zone, where sellers controlled the price.
A breakout above this level is crucial to confirm the bullish trend continuation.
3. Breakout Confirmation & Retest Expectation
The price successfully broke above the resistance zone, confirming a bullish reversal.
A potential retest of the broken resistance (now turned support) could occur before further upside movement.
Traders often wait for this retest to confirm that the breakout is genuine before entering a position.
4. Price Target Projection
Based on the measured move strategy, the expected target is calculated by measuring the height of the double bottom pattern and projecting it above the breakout zone.
Target Price: 0.8742, aligning with historical resistance levels.
5. Stop Loss Placement
Stop loss at ~0.8322 (below the double bottom support).
This ensures risk is managed in case of an invalid breakout or a false move.
Trading Plan & Execution Strategy
📌 Entry Strategy:
✅ Breakout Entry: Buy after the breakout above resistance.
✅ Retest Entry: Wait for a pullback to the previous resistance (now support) before entering.
📌 Risk Management:
🔹 Stop Loss: Placed below the recent support at 0.8322 to limit downside risk.
🔹 Take Profit: First target at 0.8742 based on the double bottom structure.
📌 Market Outlook:
A successful breakout and bullish momentum could push prices toward the target.
If the price fails to hold above the breakout zone, a deeper retracement could occur before continuing higher.
Conclusion
The EUR/GBP pair has formed a bullish double bottom reversal pattern, signaling a potential uptrend continuation. The key levels to watch include 0.8500 (resistance turned support) and 0.8742 (target projection). Traders should monitor price action around the breakout zone for confirmation and consider risk management strategies before entering a position.
DKNG Update | Second Fractal | Extended TargetsPrice action looks very similar to the '23 Q3 play where we saw a double bottom move taking off from $26 - $49 which is also the ABC move that carried the 3rd impulse wave of the original fractal.
We're still in correction wave 4 and are about to start wave 5 shortly from now to July.
It's possible we could see price action higher than $74 based on the new fractal overlay and with the help of the fib extension.
$NVDA | A Double Bottom in the Making? We’re spotting the early structure of a double bottom pattern forming on NASDAQ:NVDA — a classic bullish reversal signal. After a steep decline, price action is showing signs of stabilization, testing support twice, and trying to recover from the lows.
But there’s a catch...
📌 No confirmation yet.
The neckline still needs to be broken with strong momentum to validate this formation and trigger potential upside.
⚠️ Today’s tariff-related news could be the catalyst. A strong reaction may either confirm the breakout or invalidate the pattern entirely.
What to watch:
Break above the neckline with volume = potential entry ✅
Failure + breakdown = more pain to come ❌
This is a key technical level. Stay sharp and let price action lead the way.
Play On LevelsRetested the Breakout Level around 180 - 185 &
Closed just above a Very Important fib level around
188.
But, 188 - 195 is Very Important Resistance as of now.
If 195 is Crossed with Good Volumes, 212 - 215 can be
touched initially.
Couple of Positive Weekly Candles with comparatively good
volumes may confirm HL on Monthly basis.
On the flip side, 175 - 184 is a Support Zone & also Double
Bottom around 175 - 176, so Short Term Traders may
expect a bounce from this level.