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Double Top

AMD: Around a CRITICAL support area!• AMD is trading at a critical support level today, as we just hit the 38.2% Fibonacci’s Retracement + Red Line at $70.16 (previous bottom); • In addition, AMD lost the 21 ema, therefore, in order to avoid a bearish continuation sentiment, it must react as soon as possible above this key support; • If a bullish reaction materializes (there’s none so far), it would seek the next resistance around $79 again, possibly breaking it; • On the other hand, if it loses the critical support, the next target would be around $63 - $64 – The 61.8% retracement + Gap; • Usually, when AMD respects the first retracement but loses it in sequence, it ignores the 50% and seeks the 61.8% in one single movement; • Regardless of what happens, AMD looks quite good, as it has plenty upside/downside left. I’ll keep you posted on this. Remember to follow me to keep in touch with my daily analyses!
NASDAQ:AMD
by Nathan_The_Finance_Hydra
1
EURUSD > Double top, might see further move downAnalysis of #EURUSD Hi traders, today we will have a look at #EURUSD The EURUSD yesterday tried to break out to the upside only to fail and close back below the previous structure high, and not we can consider this a double top. now I expect the market to keep moving down as explained in my previous analysis to test its key market support level near 1.0100, which will be an excellent level to buy if the market reaches this level I hope you guys found this helpful, if you are new here click on follow, to get these ideas delivered straight to your email inbox, I will see you guys at the next one Thanks for your continued support!
Short
by TheTradersAvenue
29
T Mobile TMUS Swing ShortTMUS onthe one hour chart has shown first a double bottom band touch ten days ago and then a double top band touch around Thanksgiving. The squeeze oscillator is shown a narrow volatility range over recent days. This is setting up for the volatility pop to make for a swing short with a stop loss above the upper Bollinger Band 5 put option for Friday Dec 2 @ $ 149 the five options went up 56% today; took one off today then another tomorrow. if trend continuation is seen.
NASDAQ:TMUSShort
by AwesomeAvani
SQ: Watch out for these KEY POINTS!• SQ is doing an important reaction that could sustain a bullish thesis, however, there are some key points we must pay attention; • First, it must break the red line at $64.26, as this would trigger a bullish pivot point in the daily chart and frustrate the Double Top chart pattern in the 1h chart; • In this scenario, SQ could seek the $69 again; • However, if it triggers this Double Top, the next support is at $60.48 again. This is a support from a previous gap, as seen in the daily chart (Nov 10); • Only if SQ loses the $60.48 it would trigger a mid-term bear trend, and the next supports are $57.09 and $55.10 (another gap); • Either way, SQ is looking good. Remember to follow me to keep in touch with my analyses!
NYSE:XYZ
by Nathan_The_Finance_Hydra
1
15 min Double top!!!We can see the Confirmation of a 15 min Double top this morning when looking at Gamestop. Also the Relative Strength Index is weighing heavily on the overbought side With the moving average convergence divergence also looking to cross downward. Possible small 2 to 3 dollar dip in the next coming day or days before it starts to make another run back up leading into the last Quadruple witching for the year which will take place on Dec 17, I think we should see GME at new quarterly high about 2 weeks prior to witching and then will fade back off until next quarter in 2023.
NYSE:GME
by impossiblebull
BTC weekly falling wedge pattern breakout and retest!!Hi dear community and my faithful followers, let's pay attention to this weekly falling wedge pattern which has broken and retested with false breakdown/bear trap/ and double bottom+ RSI bullish divergence. At the same time RSI diagonal resistance has been broken and retested as well. On the chart you explained why I think so)). Read bellow text to understand why I think this is a false breakdown/bear trap/ with double bottom. The bellow ideas are from my previous analysis coz the circumstances and the situation are the same. I think the recent dump to 15.5K is a fake breakdown/bear trap/ with double bottom + RSI bullish divergence like 2021 November top, which was a false breakout/bull trap/ with double top+ RSI bear div . So I think the real bottom was at 17.5K in June like the real top in 2021 April. I'm considering that BTC has succeeded to break RSI diagonal trendline and now It is making a retest, I think it will hold and send BTC to 28-30K. On chart you can find my explanation why I think RSI diagonal resistance has broken.
BITSTAMP:BTCUSDLong
by ergal91
2
OXY: Trend Analysis + Key Points to watch from here!• Since OXY found a top around $76 (red line), it triggered a sharp correction to its Fibonacci’s Retracements; • There’s still a chance OXY will remain bullish, and break the previous top, however, it must react as soon as possible around the retracements; • The key point seems to be the 61.8%, which did a very good job holding the price a few days ago (Nov 09), when the volatility increased; • Only if OXY loses the 61.8% it’ll frustrate any possible bullish bias in the mid-term, and it would seek the next support at $62; • In addition, the 61.8% retracement is the trigger point of a possible Double Top chart pattern; • Therefore, let’s pay attention on how OXY will react around the retracements. Remember to follow me to keep in touch with my analyses!
NYSE:OXY
by Nathan_The_Finance_Hydra
1
ENPH - Big play potential here! Massive Double TopEnphase Energy, leader in Solar & Green Energy Sector. Enphase has recently seen parabolic performance skyrocketing the stock to All Time Highs. While the stock is testing all time highs, it is still very overvalued with a P/e of 150. The bear market has not taken its toll on Enphase yet, while it has been rising in this clear rising wedge. What I see: - A clear Double Top being Printed in Large Supply Zone - Rising Wedge - Overvalued - Hasn’t got Bear market hit yet Risks : Earnings Growth Market Meltup rally Break above zone from possible cup & handle formation.
NASDAQ:ENPHShort
by ZachSap
8