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Double Top

TSLA: Bear Trap.• The rally persists on TSLA, and today, it almost rejected completely last week’s Evening Doji Star candlestick pattern; • In order to reject this bearish pattern / top sign, TSLA has to break $214 – today it hit $213.98 - and in this case, TSLA would trigger a Bear Trap (a complete rejection of the previous bearish sign after triggering it); • We are almost there, and TSLA still could break it – but it must not take too long, otherwise, the market may see a possible Double Top in this area; • What could make TSLA correct from here? If it loses the purple trend line seen in the 1h chart. Only then the bullish bias will get weaker; • So far, there’s top sign, and no clear bearish structure on TSLA, but I’ll keep you updated on this. Remember to follow me to keep in touch with my daily analyses!
NASDAQ:TSLA
by Nathan_The_Finance_Hydra
23
US Government Bonds 10YR Yield LONGUS Government Bonds 10YR Yield. Time-frame = 1 month. In 2005-2007 (red circle) - a double top was built (determined automatically by my script) from which the downward movement began for further accumulation. 2009-2019 (green rectangle) - long-term accumulation (balance). 2019-2022 (blue circle) - responsive activity (long entry by key players). 2022-2023 long to the upper limit of the balance. The last 3 months - a retest to one of the key balance levels. 2023 - expect further upward movement towards the 5.000% area (towards the upper border of the double top)
TVC:US10YLong
by ZenFunds
3
j.Hejazi | GBPCAD Bearish TrendThe GBPCAD currency pair has failed to make a higher high and instead made a lower high. It then broke the monthly trend line and the 50-day moving average, immediately testing the neckline of the double top pattern. On the last day of the previous week, the price managed to break that line with a high momentum candle engulfing all of that week's candles. Now, the price is clearly targeting the next support level at 1.58000 to make the first lower low in the bearish trend. Jumping into this trade right now is not recommended due to the close target and far stop loss. Those who have not yet entered the trend can do so by waiting for any pullback and trying to sell from the highest available price. ---------------------- Let me know your thoughts in the comments, and show your support by liking the idea. Please follow if you're interested in more ideas like this. Your support is greatly appreciated!
Short
by Candlestick_OB
Double Top on GBP/USD @ D1A double top pattern has formed on the daily chart of the GBP/USD currency pair. You can use it as a short trade setup on a bearish breakout. The two tops are marked with the upper yellow line; the neckline is marked with the lower yellow line. My potential entry level is at the cyan line (10% of the pattern's height below the neckline). My potential take-profit level is at the green line (100% of the pattern's height below the neckline). My potential stop-loss is not shown on the chart and will be set to the high of the breakout candle or to the high of the preceding candle should the breakout one trade mostly outside the pattern's borders. I will ignore bullish breakouts from this trend-reversal pattern.
Short
by AndriyMoraru
1
NZDUSD OVERALL BEARISH (Potential LONG OPPORTUNITY) I am anticipating NZDUSD making a retracement. -Price intitally made a bullish push -Price then met resistance around 0.6500 level and formed a Double Top. -A double top, is a sign of potentail bullish exhaustion and a possible reversal. -After price tried to break the level, price then closed as a reversal candlestick, followed by a large bearish momentum candlestick. -I am expecting price to close on 2/6/23 or 2/7/23 as a doji candlestick on the daily time frame. -On the 4hr/1hr, I am expecting a double bottom, that will then make a bullish push. - Price will then make a bullish push to test the neckline of the double top, which also aligns with the 50-61.8 Fibonacci level. Please, Like, Comment, Follow for more ideas. Feel free to drop your ideas/analysis below !!!
Long
by NoCeilingsTrading
1
GBPUSD forming a double top before the expected default of U.SHey everyone, Default on debt of the US concerns because we're amid political tensions in the congress and the maturity date is approaching. Recap : Democrats want to rise the debt ceiling VS Republicans want to lower the expenses. The failure to reach an agreement before maturity date may provocate a shock wave on the market. As we all know, the dollar tend to rise in value when in time of uncertainty. on a purely technical point of view, we can observe that the second peak of the doble top is formed. As the 1.24 level was strongly rejected again and price action analysis provide us the confirmation that trend is reversing : inside bar pattern breaking down. So the bulls may have lost power over the market from here, and we should see the bearish momentum increasing. This scenario is confirmed by the MACD indicator as well, which formed a bearish divergence. Hence a bearish scenario on GBPUSD is expected within the next days and an optimal entry point will be here. I expect the price to fall sharply to 1.18 level breaking the neckline and causing panic over the market which will trigger a massive bearish sentiment that will lead the price to reach the target of 1.11000 . Give a thumbs up if you agree ! Good luck ! have a nice week
Short
by Thomas_Zito
Weekly Double-Top Target not yet ReachedThis is an alternative idea to heading up from here, based on a long-term target from April 2021. Around early to mid-April of 2021, Bitcoin Dominance confirmed a double top. Following that we hit and surpassed the measured 1x target (TP 1 on the chart above), and have since consolidated around it. However, we have yet to hit TP 2, or the measured 1.5x target - and... in crypto, we often see 2x measured targets reached when dealing with strong patterns like these. Now, while we very well could see a 3rd swing high, or it could even just turn up from here and go back towards where it broke down in April, as many are indicating: - I think it is still possible we see it turn down from right around here at TP 1 (or even from a 3rd swing high around 48-52%) and head down to TP 2 @ 38% or even down to 32%.
CRYPTOCAP:BTC.DShort
by dudebruhwhoa
Recent Judge statements in Library case create bullish sentimentThe Judge with the assistance of John Deaton via amicus, got the SEC to agree that sales of library credits from the secondary market do not constitute a security and since that news came out lbry has had a big pump here. You can’t see it here on the weekly chart, but on the daily time frame we have also just seen one of the biggest daily volume candles we’ve seen in a long long time on lbry suggesting that there are good odds it will find a way to confirm this double bottom pattern and also likely validated the breakout from this pattern as well y breaking above the channel shown here on the weekly chart. Of course the fed could manipulate things with more rate increases or a black swan could occur that nullifies the newfound bullish momentum but barring those 2 things I would say probability should favor an eventual breakout of this pattern. *not financial advice*
by DrDovetail