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Double Top

Macro H&S pattern for Gold?Or, is gold forming a cup and handle? Noticeably there's a head and shoulders pattern breaking to the downside that coincided with a double top on a micro time frame. Gold is currently trading below the 200DMA which is inherently bearish for the commodity. If gold bounces meaningfully with sustainable upward price movement off the 200DMA go long, if we see continued bearish momentum below the 200DMA go short to stay short. Price target $800.00 USD in the next 5 years to decade.
TVC:GOLD
by ScotianBot
1
$ROKU Double Top Trade Idea$ROKU has earnings coming up on the 28th I believe and is in a text book "double top" pattern. I got price targets of $93.45, $87.83 and $81.90. It's crossed over the neck line @ $99.64 on the daily. A daily candle closed under $99.64 would probably be the safest entry but I'm already in 4/29 $80 P and 4/29 $75 P. Generally speaking Roku usually follows $NFLX. In regards to earnings I don't expect as an extreme move as Netflix but I am bearish on $ROKU leading up to earnings this week coming up. I'll update my position win or lose when I close out my contracts. *I'm a self taught trader, this is not trading advice in anyway shape or form.
NASDAQ:ROKUShort
by markbully
Dxy double top bearish reversal soon?DXY is showing bullish weakness and could be forming a potential doubletop pattern which is a bearish reversal pattern. I also am spotting bearish divergence. Ironically assets like bitcoin who usually have an inverse relation to the dxy are putting in Bullish patterns on the same time frame ( falling wedge) with bullish divergence. If that isn't interesting enough, the FOMC is having a meeting tomorrow around 1pm est with regards to interest rates. Also, I am under the opinion that the dollar is not strong but it is artificially rising because of currencies like the Euro and the Yen deciding still to print. To conclude, the DXY is at major resistance and could be forming a bearish reversal pattern. If this is confirmed , we will likely see the DXY reverse to the downside. If you like my idea, please follow for more. I am going to start posting more ideas to come.
TVC:DXYShort
by ichampnick