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Double Bottom

usdjpy → another long positionhello guys... as you can see, this pair formed an ascending channel and in the short-term made a double-bottom pattern. if the price retraces to the gray area you can enter a long position until the end of the arrow I mean 145 area. _______________________________ always do your research. If you have any questions, you can write them in the comments below, and I will answer them. And please don't forget to support this idea with your likes and comment
Long
by melikatrader94
33
📌 Potential LONG-TERM SELL setup for: AUD/USD👩🏽‍💻 Technical overview: AUD/USD has had difficulty surpassing several Moving Averages on higher timeframes. The daily support level was recently breached. Furthermore, the last daily candlestick showed a long upper wick, often indicating intense selling pressure. The 0.65 level is significant as this level might allow for a double bottom pattern to form on the 4-hour chart. 🎯 Potential Entry Strategies: • Scenario A Bullish Outcome: If the price doesn't drop below the 0.65 level, it could complete the formation of the second bottom of the double bottom pattern. This could then lead to a bullish reversal. • Scenario B Bearish Outcome: If the 0.65 level is broken, we could expect further downward movement in price.
Short
by fxtraderkristina
JUBLIANT PHARMA Levels, swing posed for an upmove of 20% 1) Monthly - Reversing from Previous low after a proper Double bottom Reversal Pattern. RSI perfectly moving from oversold to strength of 60+. Mid term investors may look to accumulate at the demand zones with Previous low 270 region as SL for a target of 625+. 2) Weekly shows a good breakout breaking out of an 8 months old stiff resistance, after having consolidated for solid 7 weeks. 3) As the daily RSI is in overbought zone, one may consider buying at the retest of the trendline breakout at 420 zone or the demand areas marked in green. Demand zones - Green zone. Supply zones - Black zone.
NSE:JUBLPHARMALong
by Rugminik
Baja Finance Intraday Trade Levels and AnalysisThe stock is reversing from demand zone after 4 days of consolidation in the same zone, also there is a double top breakdown in Daily time frame, and the stock is poised for a retest of the Double Top neckline area. 75 minutes shows Double bottom very evident with RSI divergence and RSI moving into 70+ strength zone, an up move of odd 7200-7400 levels is possible. Hence with the above levels, one can consider a long Intraday trade with an RR of min 1:1 or max even 1:2.
NSE:BAJFINANCELong
by Rugminik
3
Essex Property Trust DCA - Double bottom Company: Essex Property Trust Ticker: ESS Exchange:NYSE Sector: Real Estate Introduction: In our latest technical examination, we focus on Essex Property Trust, a significant player in the real estate sector. The daily chart brings to light a possible bullish reversal pattern, specifically a double bottom, which has been in development over the last 279 days. Double Bottom Pattern: A double bottom is a classic technical analysis pattern that suggests a potential reversal from a preceding downward trend. It is characterized by two distinct troughs at roughly the same price level, with a peak in between – visually resembling the letter 'W'. Analysis: Essex Property Trust's prior trajectory was bearish, marked distinctly by the blue diagonal resistance line. However, the formation of the double bottom pattern suggests a potential shift in this trend. The horizontal resistance, or the "neckline" of the double bottom, is identified at 240.88$. Currently, the stock's price is not only above the 200 EMA, indicating a bullish ambiance, but it has also surpassed the horizontal resistance. This breach makes the case for a bullish entry more compelling. Based on the depth of the pattern, our projection for the price target stands at 286.23, translating to an approximate upside of 18.81%. Conclusion: Essex Property Trust's daily chart paints a promising bullish picture, signaled by the double bottom formation and the breach of key resistance levels. A favorable trading opportunity seems to be on the horizon, provided other market conditions remain supportive. ------------------------------------------------------------------------------------------------------------------------- As always, ensure that this analysis integrates seamlessly into your comprehensive market research and risk assessment practices. It should not be misconstrued as direct trading advice. If you found value in this analysis, please consider sharing and following for more insights. Wishing you successful trading! Best regards, Karim Subhieh Disclaimer: This technical analysis is intended for educational purposes and does not constitute financial advice. Always conduct thorough research and seek advice from a financial consultant before making any investment decisions.
NYSE:ESSLong
by KarimSubhieh
2
Double bottom pattern Today stock or it call stock of the weak *Berger paints India Ltd Fundamental analysis market cap 68451cr PE ratio 79.5 this High value compare to 1, 5&10 years, lower compare to 3years PE PEG ratio >1 to high ROCE 23.8 ROE20.4 Dedt to equity 0.6 EPS 8.85 Technical analysis Double bottom formation Near at resistance level of the double bottom Current level is main resistance 707and next resistance is 745 Can get 1:1 ratio of risk reward Take 550 as a stop loss can get 1000+ 1:1.5 ratio risk reward
NSE:BERGEPAINTLong
by investigationofchart
DOGEUSDT Technical Analysis Update📈 #DOGEUSDT Technical Analysis Update 📈 🐻 Trend: Bearish 🐮 Divergence: Bullish ⏳ Reversal Pattern: Double Bottom 🚀 Breakout Confirmed: YES 📊 Trade Idea: 📌 Buy Entry: Market order at current price 🛑 Stop Loss: 0.07254 🎯 Take Profit: 0.07847 #TechnicalAnalysis #Cryptocurrency #TradingOpportunity 📈 Trade with caution and do your own research. 💼 This is not financial advice, it's for educational purposes only. 🙏 Always use appropriate risk management and set stop losses. 💰 Invest only what you can afford to lose. Happy trading! 🚀📊 #TradingView #CryptoTrading #InvestmentAdvice
Long
by T-Q
1
USDCHF I Brief short and break of neckline Welcome back! Let me know your thoughts in the comments! ** USDCHF Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!
Short
by BKTradingAcademy
8
AVTR - Base BuildingAVTR had formed a double bottom since 27 Apr but it was not until 19 Jul that it began to gain momentum to the upside, rising and staying above a mini neckline @ 21.80 since 21st Jul. It is expected to announce earnings tomorrow on 28 July. Should the stock rise on earnings release, I would be interested to accumulate on the next dip. However, as the stock is still within its basing formation with neckline @ 25.20, it is ok to wait conservatively till a confirmed rise above this neckline before accumulating (on dips). There is still a lot of room to move should it manage to rise above the base. p/s: it is always safer to look trade setups AFTER earnings announcements. (disclaimer). Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is (probably the most) important! Take care and Good Luck!
NYSE:AVTRLong
by Juliac
2
📈AUDUSD Bullish Gartley Pattern: Time to Ride the Trend! 🚀Hey fellow traders! There is an exciting setup on the AUDUSD forex pair in the 4-hour timeframe. Let's dive into the details and explore the dynamics between buyers and sellers. 🐻 Sellers' Struggle: Price has formed a bullish Gartley pattern, indicating a potential reversal in the downtrend. During the recent downtrend, sellers were in control, pushing the price lower. However, as we approach the completion of the Gartley pattern, sellers are facing increasing resistance from buyers stepping in to defend crucial support levels. 🐂 Buyers' Resurgence: The formation of the Gartley pattern is a testament to the buyers' resurgence. They have been gradually regaining control, leading to the price forming higher lows in lower timeframes. Now, as we witness the bullish Gartley pattern's completion, buyers are expected to strengthen their positions and propel the price upwards. 💹 Technical Confirmation: The EMA 9 and 21 have crossed over, signaling a bullish trend reversal. This crossover adds to the confidence in the buyers' ability to push the price higher. Additionally, the RSI breaking above the 50 level confirms the growing bullish momentum and adds further weight to the buy signal. 🎯 Profit Targets: To capitalize on this opportunity, I have set my take profit levels strategically. My first take profit is set at TP1 = 0.6800, which aligns with a significant resistance turned support zone. TP2 = 0.68500 is my next target, considering the potential for a strong bullish move. Finally, my ultimate target is set at 0.69000, aiming for a breakout of the previous resistance level. Remember, successful trading requires proper risk management and sticking to your trading plan. 🛡️ Feel free to share your toughts in the comments section, follow me for updates and don't forget to press the like button if this insight was helpful 🚀
Long
by Thomas_Zito
14