Sartorius: Target 180 Euro?After subsequent negative news, we see again a important floor broken and a falling knife movement. There are two different patterns indicating a move towards 180 or into a side movement corridor between 168 and 196 which is again 15 to 30% downwards potential. It's an ABC pattern (not a perfect one) as well as the side range which includes a local double top. The side range/ideal target of this is nearly the same as the ABC target: Approx. 182 Euro.
Double Top
GBPCAD - Bearish Double TOP 📉
Hello Traders !
On Friday 22 Sep, The GBPCAD Broke a Strong Support Level (1.65373-1.67148)
This Key Level Becomes a New Resistance Level.
The Price Created a New Correction in The Previous Week!
Currently, The Price Formed a Double TOP Pattern.
The Neckline is Broken.
So, I Expect a Bearish Move !
i'm waiting for retest...
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TARGET: 1.63830🎯
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NZDCHF - Bearish Double TOP 📉Hello Traders !
On Friday 29 Sep, The NZDCHF Price Reached a Supply Zone (0.54738 - 0.55028)
Currently, The Price Formed a Double Top Pattern.
The Neckline is Broken.
So, I Expect a Bearish Move📉
i'm waiting for retest...
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TARGET: 0.52950🎯
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BITCOIN - Bearish Double TOP 📉As We Talked About in The Previous Analysis:
If The Market Breaks Support Line and Closes Below That,
We Will see a Bearish Move.
Currently, The BTC Price Formed a Double Top Pattern.
-The Neckline is Broken.
-The Support Line is Broken.
Let's Wait For Retest...
TARGET: 26300.00🎯
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EURGBP - Bearish Double TOP 📉Hello Traders!
The EURGBP Price Reached a Daily Resistance Level (0.87014 - 0.86951)
Currently, The Price Formed a Double Top Pattern.
The Neckline is Broken.
So, I Expect a Bearish Move📉
i'm waiting for retest...
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TARGET: 0.86190🎯
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CHFJPYIs CHFJPY exhausting at highs?
As the price is been on high bull run but now it seems like price is lacking bullish momentum after printing double top pattern at resistance level and bearish divergence suggesting the sell pressure is about to start.
If the bears took control , the 1st target could be 163.6 followed by 162.70
What you guys think of it
WOO: DOUBLE TOP PATTERNIn this technical analysis, the idea presented is the 4-hour chart of BINANCE:WOOUSDT , which appears as a bearish indication of a double top pattern. With that, I plotted two potential diagonal support lines to consider for a breakdown to materialize.
I have a bearish sentiment for WOO based on an unlocking happening this October 10 per defillama.com . What is unlocking? From a coin perspective, investors have the attempt to sell the unlocked tokens that they held for some time, which can decrease the price of the coin.
We're currently on a weekend, so we can't expect volume. I will continue to monitor this coin from time to time and provide updates as well in the comments.
On another note, consider checking my article about BTC CRUCIAL TRIANGLE as we could expect a massive move and could correlate with altcoins as well.
Always plan your trades by knowing your support and resistance along with take profit or stop-loss areas when entering a position. Happy trading!
GBPJPYIs GBPJPY exhausting at highs?
As the price is been on high bull run but now it seems like price is lacking bullish momentum after printing double top pattern at resistance level and bearish divergence suggesting the sell pressure is about to start.
If the bears took control , the 1st target could be 181.5 followed by 179.5.
What you guys think of it
GBPJPY - BEARISH DOUBLE TOP PATTERN📉Hello Traders!
On Wednesday 16 The GBPJPY Price Reached A Monthly Resistance Level (186.098 - 186.805)
The Price Formed a Double Top Pattern.
The Neckline is Broken.
So, I Expect a Bearish Move📉
i'm waiting for retest...
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TARGET 1: 180.750🎯
TARGET 2: 178.700🎯
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Bank Nifty - Long Term Analysis Technical Analysis:
Bank Nifty down by over a percent today, it led me to analyse its long term charts and what I see is not that great (P.S-I am not an expert)
Let's start with the big question, is it forming a Rising Wedge?
It clearly looks like plus it has tested the resistance for over 6 years now.
Now talking about the weekly chart of bank nifty, it looks like it is forming a double top and although now it is around the support level but it looks that it can be easily broken.
The worst would be when the rising wedge breakdown confirms
On the Monthly chart there has been a bearish engulfing followed by a shooting star (both Bearish) and this month has confirmed the bearishness so far.
Also I analysed the sector charts of both private and public banks, and private banks charts looks similar to the bank nifty (double top) bearish - considering bank nifty % is dominated by the pvt banks coz of market cap. Now Public banks have given massive wealth to the retailers and now is around its all time high, also it has been one side rally so not a lot of consolidation and is around the supply zone or resistance. Another negative point.
I have also marked a support level to which it can come down plus you can consider 200 MA on weekly as another support
Fundamentally banks have been performing well on many parameters and will continue to do so but it feels like the time when there will be massive profit booking specially from FII's as their accounts get closed by the end of December unlike ours end of march.
This is not a trading call, just my analysis. So be cautious if you trade.
Would love to know your comments if you agree or disagree, here to learn and understand your point of view
MKRUSDTIs MKRUSDT exhausting at highs?
As the price is been on high bull run but now it seems like price is lacking bullish momentum after printing double top pattern at resistance level and bearish divergence suggesting the sell pressure is about to start.
If the bears took control , the 1st target could be 1400 followed by 1220.
What you guys think of it?
💱EURGBP - False breakdown. Double top EURGBP made an unsuccessful attempt to break through resistance on the background of weakening pound sterling. A false breakout in the double top format is forming.
TA on the high timeframe:
1) False breakout of range resistance may bring the price back to support
2) The liquidity target area is around 0.85600.
TA on the low timeframe:
1) A move back inside the range is forming.
2) Price may form a retest of 0.8659 resistance before further decline
3) False breakout in the double top format is quite a strong set-up. In the long term we should expect a fall to 0.86076 and then to 0.85650.
Key support📉: 0.8630
Key resistance📈: 0.8660
EUR-GBP Will Go Down! Sell!
Hello,Traders!
EUR-GBP has established
A double top pattern and then
Broke the key horizontal level
Of 0.867 and the breakout
Is confirmed so I think that
We will see a further move down
Sell!
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Check out other forecasts below too!
AUDCHFIs AUDCHF exhausting at highs?
As the price is been on high bull run but now it seems like price is lacking bullish momentum after printing double top pattern at resistance level and bearish divergence suggesting the sell pressure is about to start.
If the bears took control , the 1st target could be 0.5760 followed by 0.5700.
What you guys think of it
UK100UK100 was trading in strong bullish channel till the sellers took control from channel resistance and has given the massive sell rally. That sell rally break the ascending trendline.
Now the price is retesting the broken channel and broken support level with strong bearish divergence.
it seems like the sellers can attack again this bearish confluence.
If the sellers takes charge again, the next target could be 7400.
What you guys think of this idea?
CHFJPY - Bearish Double TOP 📉Hello Traders!
On The Daily Time Frame, The CHFJPY Price Formed a Double Top Pattern.
The Neckline is Broken.
So, I Expect a Bearish Move📉
i'm waiting for retest...
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TARGET: 162.500🎯
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SPY- Bearish- UpdateHas been a while since I've posted an update on the SPY as a lot has transpired in financial markets over the past few weeks, and months. The SPY has been trading significantly under its average daily volume, which has primarily been the driving force behind the momentum in my opinion. On the other hand, the SPY is holding a nice symmetrical triangle on the weekly timeframe. Nonetheless, buyers and sellers continue to battle, however, on the daily timeframe the SPY is overbought on the RSI, and two Bearish Megaphones are currently still playing out. The SPY is yet again, at a make-or-break spot in my opinion. If we see another leg down, we could see a re-test of the COVID-19 trendline support. As I've said before and will happily say again, where I stand, we're in unchartered territory - Just some support and resistance levels to keep an eye on in the interim, along with some RSI-based supply and demand zones, staying hedged. --Previous Charts Attached In Description --
Weekly Timeframe
Daily Timeframe
Covid-19 Trendline Support
CADJPYIs CADJPY exhausting at highs?
As the price is been on high bull run but now it seems like price is lacking bullish momentum after printing double top pattern at resistance level and bearish divergence suggesting the sell pressure is about to start.
If the bears took control , the 1st target could be 109.30 followed by 108.
What you guys think of it
CADJPY: Bearish Shark Anticipating PPO ConfirmationCADJPY has formed a Bearish Shark Pattern that I think will eventually be realized and once it is realized, I think it will target the previous major Support/Resistance Level down at 91.60 JPY. For now, the entry remains unconfirmed until the PPO crosses back below the upper extremes, but despite that, I'm entering here in risky anticipation of it doing so from here.
🥇GOLD - False breakdown forms a double top Gold on Friday forms a false breakdown of flat resistance (indicated on the chart). On Monday, the market forms a retest of the upper boundary and forms a false breakout again.
TA on the high timeframe:
1) The market is still continuing to form a bearish trend
2) A retest of the liquidity area forms a false breakout, indicating buyer weakness at the moment.
TA on the low timeframe:
1) Consolidation under resistance is forming. The market is preparing to fall
2) Within the flat we have the following targets: 1916.7 and 1907.6, which can be reached in the near future
3) Ahead is the local support at 1922 which may push the price away. At this point, the market may retest the resistance
4) We care about the dollar's reaction to the news. If the dollar starts to rise and overcomes the resistance, gold will head towards 1900.
Key resistance📈: 1928.5
Key support📉: 1922, 1916 and 1907