Doublebottomreversal
USDCHF - LONG Price has formed a double bottom at support on the daily timeframe. Scaling down to the 4hr we see a clear trading zone within a triangle which I am waiting for a breakout to to the upside to confirm bullish movement. I would enter a buy at the close above the triangle being a bullish candle.
GBPAUD - NECKLINE RETEST Probably will hop into more short positions after the weekend. We have a double bottom formed on the 4H. We see the huge upside push from the neckline break. We should start seeing lower prices for GBPAUD next week as price makes it way back down to the neckline for a retest of the pattern.
Most of my analysis are short term analysis. Not a long term bias, btw.
GBPAUD creates Double Bottom 🦐GBPAUD creates Double Bottom
According to Plancton's strategy, we can set a nice order
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Follow the Shrimp 🦐
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.
GBPAUD, 4hr tf, double bottom reversalBased on the 4hr chart there is a double bottom forming. Price already broken through the resistance and then hovering around it for some time.
The last 4hr candle close indicates another close above the resistance so i am convinced that price will continue going up
Buy GBPAUD 1.8100
Stop loss 1.8020
Take profit 1 @1.8180
Take profit 2 @1.8260
good luck
EURAUD reaching the last Elliot's waveAfter a rigid collapse, we finally got a double bottom figure that it seemed to confirm a market reversal.
A new uptrend is following now four clear Elliot's waves.
We expect that the price will push up to the target, the increasing of the volume and the market's movement in a weak zone could be a clear confirmation.
Let us know if you like our opinion, leave a comment if you have a different idea!
GMPinvestors
XP Inc. - The start of a bullish trend?* Remember to support with LIKE and FOLLOW me for more analysis *
XP Inc. is a Brazilian company, and the largest brokerage firm in Latin America. Today, it did a Harami/Hammer candlestick pattern at the 21 ema, with a good volume. We also see a chart pattern called Eve & Adam Double Bottom, a bullish one, that could take the prices back to U$ 40.
At the hourly chart, you may say it is just a pullback of a bearish trend, and the 21 ema could be a resistance, and I agree with you, so we should be careful here.
Let’s see the 1H chart:
But remember, the price respected the downward trendline as a support (pink line) and the previous bottom, also as a support (red line), there’re reasons to be optimistic. The stop loss of this operation is under U$ 21.50.
Tomorrow we will have our confirmation.
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Double Bottom a bullish reversal patternDouble Bottom Pattern Tutorial -
Double Bottom is a bullish reversal pattern usually found at the end of a downtrend. Double Bottom pattern can be easily identified when price reaches a equal low two consecutive times unable to push price to a new lower low to continue the downtrend then the price bounces sharply from the equal low area and then breaks the neckline.
The entry point of this trade pattern will be confirmed by a closing of price above the neckline. We can take help of RSI to see the momentum and the strength of the price movement.
Stay Tuned, 👍;
Brent Crude Oil Double Bottom Reversal Pattern?Technically it seems brent crude oil making the double bottom and sentimentally the bulls doesn't wanna lose the ball out of its feet and defending it from bears. Overall at the moment seeing this price action technically we see momentum are in favor of bulls where stochastic just left the ground from the oversold zone. I assume this oil might have upward space in the near future further which we have to keep eye on.
ACB Weekly OS Bull Divergence | Double BottomTargets shown above. Good size bullish RSI divergence in oversold levels here on the weekly RSI. Last time it's been at this level was july of 2017 setting up for a massive double bottom reverse in confluence with the bull div. Let's sit back and watch. First time buying weed since high school lol!
CHK 20 double bottom - Med term Targets -Falling wedgePrice hasn't been here since Feb of 1999 and if it plays out like I think it will, I'm gonna party like it's 1999. Three-year falling wedge along with the fact that upwards of 4.75 million shares were bought by whales today, I think I'm def long at this level. Targets shown by price bubbles are obviously zones and not exact to the cent but, this should give an idea of where to take profits.
LONG - CELR - Trading OpportunityDouble bottom on BINANCE:CELRBTC with a bullish divergence on the support holding strong. Risk/Reward is quite good so there's no harm in going for this one.
Entry: 0.00000041
Target 1: 0.00000052
Target 2: 0.00000058
Target 3: 0.00000068
SL: 0.00000037
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Double-Bottom Reversal in $AE Aeternity$AE Aeternity is quietly bouncing off of a double-bottom on the 1- and 3-day candlestick closes. The prudent thing to do is wait for the daily candle to close and await more confirmation. However since many alts in $BTC pairings are painting possible bottom reversal patterns this seems like a valid risk to take now. It also aligns with the apex of a falling wedge. I'd like to see more volume as confirmation of a breakout if this is the real deal.
I've started a long entry now but will watch this as double-bottoms usually take on a more rounded formation than the sharper 1st bottom.
Target is 2700 sats: the previous peak in-between the 100-day troughs.