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Double Bottom

Spotting Market Reversal by FrogAlgo🗣️ Predicting market reversal is one of the most challenging tasks trader are faced with day by day. These indicators and patterns can handle the initial steps for you. Spotting Market Reversal by FrogAlgo 💥 I. The Spotting Market Reversals is made up of two main phases 1) What Indicators for spotting market reversal a. Oscillator TSI b. SMAs (20,50,200) and EMA200 c. Coloring Candles 2) Identifying the current patterns in market a. H Pattern (Double Bottoms) or Inverted H Pattern (Double Tops) b. SMAs | EMA200 Support or SMAs | EMA200 Support Resistance c. Gap-Up (Oscillator) or Gap-Down (Oscillator) d. Side-Way Candles + SMAs | EMA200 Support or Side-Way Candles + SMAs | EMA200 Resistance II. Spotting Market Reversal consists two parts: 1) Market Reversal (Bottom) for Long : 2) Market Reversal (Top) for Sell : Explanation: 1) Market Reversal (Bottom) for Long : a. Oscillator in GreenZone → SMAs | EMA200 Support pbs.twimg.com b. Oscillator in GreenZone → H Pattern (Double Bottoms) pbs.twimg.com c. Oscillator in GreenZone → Gap-Up (Oscillator) pbs.twimg.com d. Oscillator in GreenZone → Side-Way Candles + SMAs | EMA200 Support pbs.twimg.com 2) Market Reversal (Top) for Sell : a. Oscillator in RedZone → SMAs | EMA200 Resistance pbs.twimg.com b. Oscillator in RedZone → Inverted H Pattern (Double Tops) pbs.twimg.com c. Oscillator in RedZone → Gap-Down (Oscillator) pbs.twimg.com d. Oscillator in RedZone → Side-Way Candles + SMAs | EMA200 Resistance pbs.twimg.com
NASDAQ:AMD
by A1TradingHub
Is BA- Boeing Company ready for bullish continuation ?BA is in the industrial sector. Presently a sector may be underway with the industrial sector (XLI) getting more attention and some upticks. On the daily chart BA is seen in consolidation at the high volatility high volume area about the POC line of the volume profile. In 2022, BA descended from its post-COVID highs into a double bottom of the "W" type. Since then the uptrend continued into the present consolidation. The zero-lag MACD shows the K /D lines crossing the zero horizontal line. BA is further supported by the long term mean of the anchored VWAP. Given the pattern and trends on the highly reliable daily chart. I see this as a good setup for a long swing trade of either stocks or call options with about 40% upside to the supply zone. I see it as a good way to diversify away from technology for better risk management.
NYSE:BALong
by AwesomeAvani
NDX - Rising Trend Channel [MID TERM]🔹NDX shows strong development within a rising trend channel in the long term. 🔹NDX has risen strongly since the positive signal from the DOUBLE BOTTOM formation at the break through resistance at 12042. 🔹NDX has support at 13000 and resistance at 16500. 🔹Overall assessed as technically positive for the long term. Chart Pattern; 🔹DT - Double Top | BEARISH | 🔴 🔹DB - Double Bottom | BULLISH | 🟢 🔹HNS - Head & Shoulder | BEARISH | 🔴 🔹REC - Rectangle | 🔵 🔹iHNS - inverse head & Shoulder | BULLISH | 🟢 Verify it first and believe later. WavePoint ❤️
NASDAQ:NDXLong
by wavepoint99
Chromia (CHR) Forms Double Bottom Pattern!💎 Chromia make a double bottom pattern formation. CHR USDT has been steadfastly maintaining a significant support level setting the stage for potential price movements. A key milestone to watch out for is the breakout of the neckline. 💎if the neckline breaks successfully it could trigger a powerful breakout and price move toward strong resistance. Disclaimer: This is Not Financial Advice ❗️ Trade at Your Own Risk ⚠️
by MyCryptoParadise_Simon
How to Fleece Retail Investors 101: The Great ZigZagThe Great Fleecing of novices and fools continues. First, a massive year-long rally was permitted to run its course all through 2021, price climbed inexorably higher and higher to astronomic regions. Euphoria was universal. Stonks only go up! No time for Puts! gOgOgO!! Bulls made money. Second, came the Wyckoff distribution we have seen all year long in 2022, right to the last trading session; Santa didn't come. Bears made money. Now, come Phase 3. All retail is bearish; no one expects price to rise; therefore it will. All your poots will melt and shorts dwindle, bear shares will be destroyed when price rises and time decay eats them away as a mighty bear flag unfurls. Retail investors will perk up and load more stonks because; A Golden Cross is forming; "The Bull Market is Back! Yay!" VIX will get crushed, and Bears will lose all or most of their money. Then comes the bitter surprise... a Zig-Zag correction of monster proportions with a double bottom. Bulls will lose all or most of their money and bears will be out of cash from their massive losses on the bear flag unfurling. By EOY 2023, no one will have any money left. Then the cycle begins anew!
TVC:SPX
by DaddySawbucks
19
Carnival Cruise Line: Bump and Run Reversal BottomCCL is Double Bottoming with some very distinct Bullish Divergence on the Monthly Timeframe on both the MACD and RSI and it also has a Lead-In trendline that goes all the way back to 2018. If it breaks above this trend line then it will begin the BARR Breakout which could then take it above the Neckline of the Double Bottom and BAMM us up to the 0.886 Retrace up at $59.65. I personally am trading this via the 2025 LEAPs at the strike price of 10 dollars though i may also get other long dated calls at different strikes later on.
NYSE:CCLLong
by RizeSenpai
3
Eurusd : Double Bottom [ Daily level 1.076 ] ⛽There is a good probability that Eurusd will create a double bottom structure at 1.07597 on the Daily Timeframe. Here on the 1Hr we can observe a Low formed at the bottom of structure and is bouncing hard. I am anticipating a sort of double bottom structure here on EU. EU is flat after PMI data was released. Data was expected to be generally good and it turned out to be mixed. -This news release lines up with a retest of our Daily Level 1.07597 -The recent 4Hr candle just closed at our 4Hr Support/ Daily Level 1.07597 with no bottom wick signaling to me that there is profit taking for the bear occurring. -After 1Hr of Price action the current 4Hr candle didn't hesitate and has just gone straight up. -The bottom wick for the new 4hr candle thus far has been very minimal. - The 1Hr Candle just closed bullish at our 1.078 1Hr Zone -Often times at the 7am PST candle you can observe a continuation of the previous trend . ( In this case confirmation of a bounce off our Daily level 1.076 -We have clean traffic on the 1Hr chart back up to 1.08 where we may run into some trouble in the short term More Analysis: I bought the low price around the time when the new 4hr candle was opening and earned nearly 1% on the account. I don't necessarily think going short at Support is a wise thing unless you really know what you are doing.
Long
by ShrewdCatfx
UPST - will it succeed in breaking up?UPST formed a double bottom base over the last 6 months with a horizontal neckline at 26 The odds of a successful breakup has increased this time owing to the overall market strength. A daily CLOSE above could be significant as it has not been able to so for the past 6 months. Other factors increasing optimism (of a successful break in the near future) is some strong volume accumulation since it's earnings beat on 10th May, gapping up strongly and only partially filled before propelling higher. Most likely this is a breakaway gap - signifying trend reversal (ie, from down to up) that will not be filled anytime soon. Also, it's 200 day moving average has already flattened out and the stock is now trading well above it. Bear in mind that stocks priced below $50 could have a lot more volatility on it's daily movement (both ways) and trailing stops need to cater for that. 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 important! Take care and Good Luck!
NASDAQ:UPSTLong
by Juliac