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Double Top

Just A View - BSE Double Top Neckline Support📊 Script: BSE 📊 Sector: Miscellaneous 📊 Industry: Miscellaneous Key highlights: 💡⚡ 📈 Script is taking support of level 2075 which is neckline of double top. 📈 We may see bounce back from here. ⏱️ C.M.P 📑💰- 2148 ⚠️ Important: Always maintain your Risk & Reward Ratio. ✅Like and follow to never miss a new idea!✅ Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes. Eat🍜 Sleep😴 TradingView📈 Repeat 🔁 Happy learning with trading. Cheers!🥂
NSE:BSELong
by radha_23
GOOGL to Low $100s?Overview Google ( NASDAQ:GOOGL ) is in the dangerous territory of a double top formation. I've discovered this same macro-pattern with a few other assets as well. In combination with a rise in long-term Treasury Yield Curve rates since December 2023, I think a rush of selling pressure could be around the corner. Technical Analysis Utilizing Fibonacci retracement levels along with historical supports & resistances, the $126-136 range appears to be a key level in the share price. The double top formation is a bearish reversal pattern that resembles the letter "M" and, when valid, the second peak is greeted with significant selling pressure. According to technical indicators GOOGL is beginning to reveal the symptoms of a bearish reversal. The share price has risen on dwindling volume, Money Flow Index (MFI) is approaching overbought territory, and the On-Balance Volume (OBV) is still under a ceiling created in March 2022. A rising wedge is also visible on the hourly charts with a micro Head & Shoulders in development. Should a high volume breakdown occur then I believe a price target range between $109-126 is probable, however, I am expecting adequate support around $126 as it correlates with both a 61.8% Fibonacci level and has history as a key area of support & resistance. Speculations Earnings season is a great time to profit from derivative trading, however, it can also be more treacherous due to the volatility most stocks experience in the days leading up to and immediately following their Quarterly Releases. Because GOOGL is having their Earnings Call in the next few days, I would not be surprised to see sharp price movements in either direction regardless of the current trends. Concrete stop-losses and price targets should be determined before entering any positions.
NASDAQ:GOOGLShort
by Shepherd_Investor
Re-test of Rising Wedge Breakdown May Signal TopIf Bitcoin is unable to get above the bottom of this long-term rising wedge, the top may be in when it fails to reclaim it upon re-test. It could still go as high as 85-106k, or even higher the longer it takes to reach wedge bottom. Given this turns out to be true, when this top is finally in we may see the deepest and longest correction in Bitcoin's history, targeting 1.5k, or even lower. This could also be considered the makings of a double-top with a higher 2nd high, very similar to the structure of the previous ATH's double-top, but repeated on a larger scale. We may also see two attempts to re-test, just as we saw two highs last time. A possible secondary signal that this is the likely scenario that will occur may be if the US Dollar Index continues up above its fall of 2022 highs: Best of luck with your analyses and trading, and I hope you've found some valuable insight in the ideas we share together here.
BNC:BLX
by dudebruhwhoa
OM - SHORT opportunity | RSI Divergence#OM/USDT #Analysis Description --------------------------------------------------------------- + I'm seeing clear RSI divergence pointing towards bearish price trend for the OM/USDT + Also the chart looks like the price has reached double top pattern which is a bearish pattern. + Overall there is a short trade opportunity if we trade carefully. --------------------------------------------------------------- VectorAlgo Trade Details ------------------------------ Entry Price: 0.3056 Stop Loss: 0.3802 ------------------------------ Target 1: 0.26770 Target 2: 0.24950 Target 3: 0.22281 Target 4: 0.17431 ------------------------------ Timeframe: 1D Capital: 1-2% of trading capital Leverage: 5x --------------------------------------------------------------- Enhance, Trade, Grow --------------------------------------------------------------- Feel free to share your thoughts and insights. Don't forget to like and follow us for more trading ideas and discussions. Best Regards, VectorAlgo
Short
by VectorAlgo
Possible Monthly Double-TopWe could still see a monthly wick up to an area between 82.5k and 100k, drawing bulls in, prior to the March candle close, giving confirmation of new ATHs, suggesting a prolonged bull run. The monthly candle for February still closed at the exact same high as the October and November 2021 monthly candle close and open. If the March candle closes below ~61350, I would start considering that Bitcoin is topping out and may form a monthly double top. DXY moving up towards its September 2022 monthly high, around 112-115 would lend confluence to this idea, as Bitcoin and DXY are macro negatively correlated. Have been talking about this over the last year or so. Note this could happen faster than drawn if DXY turns up hard over the next month or two; getting above 112-115.
INDEX:BTCUSDShort
by dudebruhwhoa
MSTR: Likely To Fall Off Due to Heavy Dilution of ShareholdersMSTR is seen as somewhat of a BTC trust given its BTC holdings, however, over the last few years we've seen MSTR engaging in the obsessive dilution of its shareholders and in recent days it was announced that they would further dilute shareholders in order to buy more BTC at the highs. I see this as being totally against the deflationary limited supply spirit of Bitcoin and in my opinion, MSTR seems to be acting as more of a trap asset for those that are ignorant of Bitcoin itself. As a result of all of this dilution, I would expect MSTR to show weakness at these highs and retrace the majority of the move up it has had in recent weeks. I will also add that dilution of shareholders going into a halving cycle, even if you though 1 share of MSTR represented 1 BTC, now would be a really bad time to be adding more shares given that BTC itself would actually be becoming more scarce during the same period, in many ways MSTR is more like your average Binance Smart Chain Scoin with the potential to add an infinite supply while Bitcoin itself has a fixed supply that can never be increased so all in all I find MSTR to be a very bad, misleading, and dangerous way to get Bitcoin exposure. My preferred positioning on MSTR would be bear call spreads or bear put spreads, depending on the deals, I may choose one or the other or both.
NASDAQ:MSTRShort
by RizeSenpai
9
GOLD - Wait For It ⏱Hello TradingView Family / Fellow Traders, On Daily: Left Chart GOLD has been bullish trading within the flat channel in blue and it is currently hovering around the upper bound. On M30: Right Chart 📈 For the bears to take over, we need a momentum candle close below the last major low highlighted in gray. 📉 Meanwhile, XAUUSD would be bullish short-term and can still trade higher to test the $2100. 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Richard Nasr
OANDA:XAUUSD
by TheSignalyst
3