Get started

Double Top

Profitable Moves, Stop Loss Placement, and Shorting OpportunitieReady to embark on the hunt for the next trading ventures? AUDCAD offers an array of possibilities to satisfy that desire. For those eyeing buying opportunities, the 4-hourly chart displays a potential Double Bottom retest around 0.8922. Alternatively, a Bullish Shark Pattern might complete around 0.8878, presenting another entry possibility. On the flip side, for traders seeking shorting opportunities, the 1-hourly chart indicates a potential Double Top Retest completing at 0.8963. Alternatively, keep an eye out for a Bearish Shark Pattern completing around 0.9006. What's your strategy for AUDCAD? Share your thoughts or trade plans in the comments below! Let's explore these potential setups together. 💬📈
by RaynLim
$SPY $SPX The next 12 months new ATH Then CRASH?AMEX:SPY CBOE:SPX The next 12 months ---------------------------------- It's looking like this rally is set to pullback before one final push higher to the 480 area to create a Double Top That's 5% higher from current levels plus whatever pullback we get now Then a CRASH📉 of at least 35% even more for the #NASDAQ SPY could go higher than 480 but I'm not seeing any institutional positioning above that yet and there is a whole lot stacking up below There's a lot of talk on here about crashes📉 and melt ups📈 but the bottom line they are all just opinions including mine Make decisions based on what price is doing and be prepared if things line up as I have laid out What do you think the market will do in the next 12 months?
AMEX:SPY
by SuperDaveG
2
SPX and NDX may be getting into Golden Arches TerritoryDouble Top possibility here, expect it to be much more likely to occur if the US Dollar Index TVC:DXY moves back above the red box shown below: This has been a long-time theory - if DXY moves above the 112-114 highs from a while back, we'll see double tops across many markets, crypto and stocks. Stocks may be the first to drop as they're already approaching their recent ATHs. Should DXY move back down below 98-101, we may instead see new ATHs across markets and a sort of mega-boom before DXY eventually heads back up and leads to market crashes
SP:SPXShort
by dudebruhwhoa
BITCOIN TF 1M LOOKS BEAUTIFULMy Point of View about Bitcoin still Same. I looks a Bubbles Condition at TF 1M, I saw a Double Top Pattern Which mean Price can be Drop significantly. Please use a free money for buy a bitcoin or another altcoins. I Believe Bitcoin will Hit 100K$ it just a matter of time. At this moment we must follow the news from US about Inflation. THE FED still Hawkish about USD. Stock, Crypto will be suffering again. REMEMBER ! " NEVER INVEST MONEY THAT YOU CAN AFFORD TO LOSE " Thats All For me Cheers :)
INDEX:BTCUSD
by adityahd
LINK/USDT ↘️ Short Trade Setup ↘️Hello Everyone 🙋🏽‍♂️ RSI +Supply zone + double TOP 🟠 EP 15.804 🔴 SL 17.263 🟢 TP1 14.226 ⚠️( Close 33% of the trade and Set the SL on EP )⚠️ 🟢 TP2 12.856⚠️ ( Close 33% of the trade )⚠️ 🟢 TP3 11.398 🔥 ( Final result)🔥 We are not responsible of any losses for anyone, our trades are profitable more for long terms and we take losses as everyone, manage your lot size as well and your SL and TP and my opinion is 0.01 lot for each 500 $. Don't forget to hit the like bottom and write a comment to support us. Follow us for more 🙋🏻‍♂️ Best Regard / EMA Trading . Disclaimer: ---------------- It's not a financial advise, As everyone we take losses sometime but for long term trading we are profitable traders, so manage your account well with SL and TP and your lot size to keep your account safe and stay in the market
Short
by UnknownUnicorn60802882
GBP/USD - AnalysisAnalyzing the chart provided, it is evident that there was a break of the trendline earlier this month, followed by a reversal of the trend upwards. Currently, there has been a break of the supply zone and the 0.5 Fibonacci level, after which the price is undergoing a retest of the same level. The Moving Average Convergence/Divergence (MACD) divergence before the trendline adds further insight. The expectation is for the price to retest the 0.5 Fibonacci level and move upward to reach 1.3100 before the year 2024.
Long
by ekesam
AAPL Reversal. Time to SHORT Like many other stocks AAPL has been on a sharp rise up since testing its 200 day MA. After testing the 200 day MA AAPL has broken out of a descending wedge to the upside. My conservative price target was $196 which was $2 short of its all time high. Momentum has started to slow and it is looking like AAPL is ready to retest its 200 day. Negative divergence noted in the RSI as price reached previous target. Time to close out longs and open shorts. My next price target is $175 and I am planning on starting a short position using in the money puts.
NASDAQ:AAPLShort
by Average_Joe_Options
BluetonaFX - GBPUSD Double Top PatternHi Traders! There is a potential double-top pattern on the GBPUSD 3H chart around the new monthly high. Price Action 📊 After the break above the previous monthly high at 1.24286, the market traded with further momentum and reached the new monthly high at 1.25058, then had a pullback to the neckline support at 1.23740. The market is now re-testing 1.25058, and if there is a hold here with no further bullish momentum, the pattern will become a double top and will likely target the neckline support again. Fundamental Analysis 📰 We have BoE Governor Bailey speaking later, so we must be wary. Depending on what he says, the market could react very aggressively.   Support 📉 1.23740: NECKLINE SUPPORT Resistance 📈 1.25058: MONTHLY HIGH Risk ⚠️ No more than 2% of your capital. Reward 💰 At least 4% of your capital. Please make sure to click on the like/boost button 🚀 as your support greatly helps. Trade safely and responsibly. BluetonaFX
Short
by BluetonaFX