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Double Top or Bottom

Political Uncertainty, Dollar Weakness & A Projected CorrectionDespite being a technical trader, there are some fundamental factors floating in the background of today's trading idea. 1) We saw weakness on the GBP today due to some political uncertainty & investors having concerns over the stability of the UK's leadership and economic direction. 2) We saw a drop in the ADP Non-Farm Employment Change for the US Dollar today which is starting to look like a trend rather than a one-off. Why this is important is because, despite the very bearish day that the FX:GBPUSD had today, I don't think the GBP reaction is as relevant as it's shown and I do think the USD is weaker than it's shown on this particular chart, due to the reactions that we've seen on other crosses. All in all, that this means is that I wouldn't be shocked to see today's move corrected and price is at the perfect technical level to do just that. If you have any questions, comments or opinions, please don't hesitate to leave them below. Akil
Long
by Akil_Stokes
Xauusd market update This chart presents a 4-hour analysis of Gold Spot (XAU/USD) against the US Dollar, showing potential bullish scenarios based on price zones and market reactions. Key Insights: Current Price: $3,353.31, slightly down 0.11%. --- Highlighted Zones: 1. Resistance Zone (~$3,420–$3,455): Price reacted here previously. Marked as a potential final target for bullish momentum. 2. Mid Supply/Resistance Zone (~$3,370–$3,405): Critical decision area. Price might face consolidation or rejection. 3. Demand Zone (~$3,240–$3,270): Previously respected support. Ideal area for a bullish reversal if price dips. --- Projected Price Paths (Black Dotted Lines): Scenario A (Immediate Bullish): Price consolidates above $3,350. Breaks into the mid-zone, then pushes to $3,450 resistance. Scenario B (Pullback Then Rally): Declines to the $3,250 demand zone. Rebounds strongly, breaks mid-zone, and heads for $3,450. Scenario C (Range-bound): Multiple bounces between $3,250 and $3,405 before a decisive breakout. --- Conclusion: The chart suggests a bullish bias as long as price holds above the $3,250 support zone. Breakout confirmation above $3,405 could pave the way toward $3,450+. However, a drop below the demand zone would invalidate the bullish outlook short-term. Would you like a trading plan based on these scenarios?
OANDA:XAUUSD
by Mr_Zakrii
USOIL Double Top Breakdown | Short Setup Alert!USOIL Double Top Breakdown | Short Setup Alert! Hey traders! A classic Double Top pattern has formed on the 4H USOIL chart (Top 1 & Top 2), signaling a potential trend reversal. After breaking the neckline, price action confirms bearish momentum. The stop-out level is clearly marked at 70.00 , while the target zone is set around 58.00. This setup offers a great risk-reward ratio. 📍 Supertrend also aligns with bearish confirmation. 💬 Drop your thoughts in the comments section – let's discuss the trade! ❤️ If you find this helpful, don’t forget to support with a like and follow! Stay sharp and trade safe!
TVC:USOILShort
by EMIN_Fx
#BTCUSDT Big Pump Next Hour - Bitcoin, BTCUSD, BTCUSDT 📉 Double Bottom Pattern Forming – Potential Reversal Setup The current price structure is showing signs of a Double Bottom – a classic bullish reversal pattern. After an extended downtrend, this pattern suggests that the market may be preparing for a trend reversal from this key demand zone. 🔹 Trade Setup Entry, Targets, and Stop Loss (SL) are marked on the chart. Entry: Upon breakout confirmation above the neckline. Stop Loss: Just below the recent swing low to manage downside risk. Targets: Calculated using the measured move method from the bottom to the neckline . 🔹 Risk & Money Management (Professional Approach) To maintain consistent profitability and protect capital, strict risk management is essential. For this setup: 🔸 Position Sizing: Based on a fixed % of total capital (typically 1–2% of account equity per trade). 🔸 Risk-to-Reward Ratio: Minimum of 1:2, ideally higher. 🔸 Stop Loss Discipline: No arbitrary changes after entry. SL only adjusted for breakeven or trailing stops once price moves favorably. 🔸 Trade Management: Secure partial profits at key levels, trail stops as structure forms. 🔸 Capital Allocation: Avoid overexposure. Trade fits within overall portfolio strategy. 💬 Let the setup come to you. React, don’t predict. 🔁 Like, comment, or share your thoughts below! BINANCE:BTCUSDT BITSTAMP:BTCUSD COINBASE:BTCUSD BINANCE:BTCUSDT.P INDEX:BTCUSD CRYPTOCAP:BTC.D CRYPTO:BTCUSD BYBIT:BTCUSDT.P BINANCE:BTCUSD
Long
by rayhanrafi7
1
7/4: Trade Within the 3313–3346 RangeGood morning, everyone! Yesterday’s intraday trades delivered solid profits. Since the U.S. market will be closed today, news-driven volatility is expected to be limited. Therefore, today’s trading focus will primarily revolve around technical setups. Current structure: Key support: 3321–3316 Immediate resistance: 3337–3342, followed by 3360 If support holds and resistance breaks, a potential inverse head-and-shoulders pattern may form on the 4H chart, with the next target near 3380 If support breaks, focus shifts to the 3303–3289 support zone Given the likelihood of range-bound price action today, the suggested intraday range is 3313–3346, with a preference for selling near resistance and buying near support. If an upside breakout occurs, consider using the MA20 on the 30-minute chart as a guide for pullback entries.
FOREXCOM:XAUUSD
by China_MsWang
Expo near it's long term supportExponent, Inc. is a science and engineering consulting firm serving a diverse range of industries—including consumer products, energy, life sciences, environment, and health—with nearly 90 technical disciplines Strengths Robust financial health and profitability High ROE and stable dividend payments Risks Modest growth vs peers High payout ratio limits reinvestment Recent insider selling could raise eyebrows Valuation Price/earnings slightly below historical norms Significant upside potential per analysts (26–60%)
NASDAQ:EXPOLong
by stocktwists
Ethereum - This structure decides everything!Ethereum - CRYPTO:ETHUSD - trades at a key structure: (click chart above to see the in depth analysis👆🏻) After Ethereum retested the previous all time high in the end of 2024, we saw quite a harsh move lower. This move was followed by an expected recovery, however Ethereum is still trading below a key structure. Either move is still possible and will shape the future of Ethereum. Levels to watch: $2.500, $4.000 Keep your long term vision! Philip (BasicTrading)
CRYPTO:ETHUSDLong
by basictradingtv
36
How to Trade Double Tops & Bottoms in TradingViewLearn how to identify, validate, and trade double top and double bottom reversal patterns using TradingView's charting tools in this comprehensive tutorial from Optimus Futures. Understanding these classic chart formations can help you spot potential trend reversals and capitalize on contrarian trading opportunities in the futures markets. What You'll Learn: • Understanding contrarian vs. continuation trading strategies and when to use each approach • The psychology behind buying low and selling high through reversal pattern trading • How to identify double top and double bottom formations on any timeframe • Key characteristics of valid double tops and bottoms, including volume confirmation • Using TradingView's XABCD pattern tool to validate potential double top/bottom setups • Real-world example analysis using crude oil futures charts • Risk management techniques for trading reversal patterns • How to calculate appropriate entry points, stop losses, and profit targets • Setting up 1:1 risk-reward ratios for mathematical trading edge • Understanding win rate requirements for profitable pattern trading • How double bottom patterns work as the inverse of double top formations This tutorial may benefit futures traders, swing traders, and technical analysts interested in contrarian trading strategies and reversal pattern recognition. The concepts covered could help you identify potential turning points in market trends and develop systematic approaches to trading these classic chart formations. Visit Optimus Futures to learn more about trading futures with TradingView: optimusfutures.com/Platforms/TradingView.php Disclaimer: There is a substantial risk of loss in futures trading. Past performance is not indicative of future results. Please trade only with risk capital. We are not responsible for any third-party links, comments, or content shared on TradingView. Any opinions, links, or messages posted by users on TradingView do not represent our views or recommendations. Please exercise your own judgment and due diligence when engaging with any external content or user commentary. This video represents the opinion of Optimus Futures and is intended for educational purposes only. Chart interpretations are presented solely to illustrate objective technical concepts and should not be viewed as predictive of future market behavior. In our opinion, charts are analytical tools—not forecasting instruments. Market conditions are constantly evolving, and all trading decisions should be made independently, with careful consideration of individual risk tolerance and financial objectives.
COMEX:GC1!Education
by OptimusFutures
7
BTC Pullback or Breakout? Key Levels to Watch Around 110KBitcoin is showing repeated rejections from the $110K and $108K zones. Currently, it's moving upward from the $98K area toward resistance, but price action remains compressed between the major trendline support and resistance. This range-bound structure suggests that a pullback may be imminent, especially as RSI is forming consistent bearish divergence and the MACD is signaling weakness. A liquidity sweep to the downside could occur before a decisive move. However, if BTC manages to break above the converging trendlines with strong volume, we may see a move toward $110K again for a retest. Watch $106K as an intermediate support. If that fails, further downside may follow. 📌 Trading Insight: Wait for confirmation before entering — don’t jump in without a clear signal.
BITSTAMP:BTCUSDShort
by crypto_vulture_signals
"That last candlestick bar is a breakout 4hour (4H) session "I feel so sad because am in a situation where i have to make a decision to receive government surpport. Now personally i dont mind government surpport. But doing it to please my family is not what i wanted. It makes me sick.I hate politics.I love capitalism. Eventhough capitalism and potics are related. When you look at copper prices.Let me show you a relation i saw. On the futures prices of copper.I saw a weekly brekout.This surprised me.It was at this time that i then looked at the copper prices on the spot market. TO my surprise i saw the manipulation for the first time in my trading career,Instead of a breakout it looked like an arbitrage. I saw a perfect reversal on the weekly pattern. How is that possible? When its clear that a breakout price action is visible on the futures markets? This connection between the futures market of copper in india and the spot price in america. Is something to thinnk about. Its like mixing capitalism and politics it makes me sick but maybe its a necessary evil just be careful when you mix the two. Stay humble, and see the attack coming and adjust your position politics is very important and so dont ignore its power. Just like studying the connection between the futures markets and spot market. If you look at this chart you will notice 3 candlestick patterns: -Doji -Hanging Man -Bearish Engulfing. The two Red candlestick patterns you are seeing shows you the breakout price action. That last candle stick bar is a breakout 4hour (4H) session entry Rocket boost this content to learn more. Disclaimer:Trading is risky.Please learn risk management and profit taking strategies.Also feel free to use a simulation trading account before you trade with real money.Also do not use margin trading.Trade safe.
CAPITALCOM:COPPERLong
by lubosi
How To Short Sell This Forex Pair In A 4h (Time Frame) EntryAm always a curious person and thats what allows me to penetrate any culture.I have this knack for adventure. This is means i enjoy challenging myself. I dont want to live a boring life.So even when i visit a "Extremely High" poverty area, am good. Because i know i have to check in. Every place in the world has these places. You have to check in with the G's of that area otherwise you cooked!!. These areas are notorious to high crime, and disease. So if you dont check in bro you f'*d! Remember every trading signal has to have a double confirmation think of this double confirmation like checking in the "hood". You might be the king in your area but in another area bro you aint the king. You have to stay humble. If you want to learn more you have to check in with the financial trading experts like myself. Is that fair? heck no.But you gots to check in man. If you want more coaching just hit me up for a reason fee on a monthly basis and i got you. Rocket boost this content to learn more. Disclaimer:Trading is risky learn risk management and profit taking strategies.Also don't use margin. Use a simulation trading account before you trade with real money.
Short
by lubosi
GOLD (XAUUSD): Your Trading Plan for Monday Gold went strongly rejected from a key daily support on Friday. Your confirmation signal for a pullback trade from that will be a bullish breakout and an hourly candle close above 3283 intraday resistance. After that the price will likely reach 3292 level. ❤️Please, support my work with like, thank you!❤️ I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
TRADENATION:XAUUSDLong
by VasilyTrader
8