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Double Bottom

AUDUSD Will complete "W" pattern - LONGWelcome back! Let me know your thoughts in the comments! **AUDUSD - 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! Brian & Kenya Horton, BK Forex Academy
Long
by BKTradingAcademy
10
EURCAD on a double bottom 🦐EURCAD on the 4h chart is trading below a resistance level . The price after the long bearish trend creates a DOUBLE BOTTOM and is now looking for a retracement to the upside. How can i approach this scenario? I will wait for a potential break of the structure and in that case, i will look for a nice long order according to the Plncton's strategy rules. --–– 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.
Long
by InkyGrip
1
TEVA - Double Bottom?TEVA has been a repair story now for many years. With litigation in the process of being resolved, debt burdens of $2 bn. per year appear manageable with cash flow - TEVA is moving away from a debt/litigation story to an equity story. Cash Flow of $3bn + per year, Net Income of ~ 2bn.+.... warrant a blended Intrinsic Value of ~ $22 per share. TEVA's technicals show a textbook double bottom with positive divergence. Reverting to trends and fibonacci levels confirm $22 target.
NYSE:TEVALong
by The-Trend-is-the-Friend
2
ConfusingHi everyone, Yesterday I talked about how Bitcoin was forming a head and shoulders pattern and the possibility of going to the last major resistance level. I also gave a free signal as an idea for DOTUSDT(Make sure to follow if you missed it) Today, I wanted to analyze something different instead of analyzing Bitcoin, so we going to take a look on Ethereum and Vet together, since they are showing different type of price movements. As shown on the chart, Ethereum is showing an ascending triangle, which is bullish, as the resistance is weakening by being hit multiple times. Also, it has formed a double bottom inside the wedge which is for really bullish too. However, looking at an altcoin that has been very volatile these last few day, VETUSDT, we can see that it just broke a bearish rising wedge. This is one of the cases that when doing a multipair analysis, it becomes confusing since we are looking at 2 uncorrelated charts that shows 2 different bias. So what to do? I think it is better to just wait for an opportunity to enter the market at a more confirmed directional bias. In this case, I would most probably wait for a breakout on Eth's chart, and trade the retest. Please comment if you have any questions, I will try my best to answer them. Thank you😊
Long
by yassin_khanji
EURCAD I NEXT MOVE! Let's GO! :) Welcome back! Let me know your thoughts in the comments! **EURCAD - 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! Brian & Kenya Horton, BK Forex Academy
Long
by BKTradingAcademy
Here We GoHi everyone, Yesterday I mentioned that we are in a wedge (could be a bearish flag too), and we in a longer term downtrend. Right now, the market is doing a pullback (Bitcoin), after seeing a strong rejection from the last resistance. First the pullback is most probably 50% bullish retracement, but on the other hand, the rejection might have formed a double-top which I would not be surprised if it did that. -> Double-top/bottom usually forms after taking out the liquidity of the last high/low. Like what we just saw in BTC. In conclusion, I think that this pullback will determine our direction, if we are going up and touch the next resistance, or going down and our long-term downtrend. I personally lean towards touching the next resistance.
Long
by yassin_khanji
EURCAD Growth to Resistance 150+ PipsWelcome back! Let me know your thoughts in the comments! **EURCAD - 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! Brian & Kenya Horton, BK Forex Academy
by BKTradingAcademy
2
XPR (Proton) Weekly Double Bottom Analysis : XPR (Proton) Proton is an altcoin available on multiple exchanges i.e. Kucoin & OKEX mainly www.protonchain.com coinmarketcap.com Also available on Pancake swap ( pancakeswap.finance ) The weekly chart is showing a massive double bottom with likely target of $0.02 being tested quite soon (200+%) The weekly setup alongside solid fundamentals is quite bullish 🔮🚀 Time shall tell exactly how high this coin could go! 🙏🔮 Likely to test that weekly pivot before years end (December) however it has been picking up steam lately & may attempt a move earlier 🙏🚀 KUCOIN:XPRUSDT OKEX:XPRUSDT UNISWAP:XPRUSDT
XLong
by RandomOracle
12
$EQNR moving up on the right side of its base!Notes: * Strong up trend * Good earnings in the recent quarters * Pays out a nice dividend * Created a double bottom and is now moving up on the right side of its base * Recently bounced off of its 50 day line Technicals: Sector: Energy - Oil & Gas Integrated Relative Strength vs. Sector: 5.8 Relative Strength vs. SP500: 3.16 U/D Ratio: 1.16 Base Depth: 22.21% Distance from breakout buy point: -3.9% Volume 13.32% above its 15 day avg. Trade Idea: * You can enter now as the price and volume are indicating bullish momentum * If you're looking for a better entry you can look for one around the $36.55 area * This stock usually has local tops when the price closes around 15.28% above its 50 EMA * Consider selling into strength if the price closes 15.08% to 15.48% (or higher) above its 50 EMA * The last closing price is 7.24% away from its 50 EMA
NYSE:EQNRLong
by HaseebKhan_90
We are BackHi everyone, In my last post, I sent you a free signal (link down below) where the target was reached in one day. For today, we going to analyze BINANCE:BTCUSDT . After today's move, we can say that we are bullish on the long term. The main reason for that is because: 1. Volume is increasing exponentially for this range, which we did not experience in previous ranges. 2. We are in the month of July which, historically speaking, is the month where most market reversals happen in. 3. We are forming the start of a long-term uptrend, with a 42deg trend angles. 4. Finally, we are in a stage of accumulation according to Wyckoff's law. 5. We also just formed a double bottom on the daily chart Don't forget to comment if you have any questions😊.
Long
by yassin_khanji
2
$BJ ready to move higher from here?Notes: * Very strong up trend on all time frames * Great earnings track record * Forming a double bottom base for the past ~8months * It seems like this recent gap down may be forming a handle to the double bottom base * It needs to hold above $66.35 as support in order to stay bullish Technicals: Sector: Consumer Defensive - Discount Stores Relative Strength vs. Sector: 1.11 Relative Strength vs. SP500: 1.11 U/D Ratio: 2.08 Base Depth: 41.69% Distance from breakout buy point: -8.68% Volume 5.8% above its 15 day avg. Trade Idea: * You can enter now as it's showing demand around its 50 day line with higher than average volume * If you're looking for a better entry you can look for one around the $66.35 area as that does seem like an area of support * This stock usually has local tops when the price closes around 10.68% above its 50 EMA * Consider selling into strength if the price closes 10.48% to 10.88% (or higher) above its 50 EMA * The last closing price is 4.3% away from its 50 EMA
NYSE:BJLong
by HaseebKhan_90
ASX:MIN TRIPLE BOTTOM TREND BREAKASX:MIN Daily TF Waiting to see if Mineral Recourses Limited confirms the direction change & continuation. Off a Triple Bottom and Downtrend Break, the 2 remaining things I am looking for are Bullish Momentum indicated by RSI & price to break through Resistance Zone. This happened in a similar occurrence at the start of the year JAN-MAR. If it fails to break Daily Resistance & Resistance Zone I am looking for price to return to Daily Support where the Triple Bottom occurred. "DISCLAIMER: NO ADVICE. The information presented here is general in nature and is for education purposes only. Nothing should be considered to be advice. You should consult with an appropriate professional for specific advice tailored to your situation."
ASX:MIN
by Trader_Johnni