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Double Top or Bottom

Bitcoin - We have to see new highs now!Bitcoin - CRYPTO:BTCUSD - is now at the previous highs: (click chart above to see the in depth analysis👆🏻) It could really not be more exciting on Bitcoin at the moment. With the current "all or nothing" potential breakout or double top creation, we will either see a bullrun or a bear market. So far, bulls are still strong, so the chances of a breakout luckily remain higher. Levels to watch: $100.000 Keep your long term vision! Philip (BasicTrading)
CRYPTO:BTCUSDLong
by basictradingtv
NZDJPY: Another Bearish YEN Pair 🇳🇿🇯🇵 One more YEN pair that looks bearish to me is NZDJPY. I see 2 bearish price action confirmations after a test of the underlined horizontal resistances: the price broke a support line of a rising wedge pattern and a neckline of a double top. The price may drop now to 86.66 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.
Short
by VasilyTrader
1
6/5 Gold Analysis and Trading SignalsGood morning, everyone! Gold surged above 3380 yesterday but faced strong resistance, pulling back before testing the critical 3400 level. Despite multiple attempts, price failed to break through, highlighting a clear lack of bullish momentum near historical highs. From a technical perspective, a potential M-top (double top) pattern is forming on the 30-minute chart. If confirmed, we can expect a deeper retracement, with an initial target around 3330, and possibly 3300 in case of further downside. Under this structure, today’s primary trading bias should favor short positions. That said, if gold breaks above 3400 with strength, the 3416–3438 target zone becomes viable. However, any such breakout is likely to be followed by a pullback. In that scenario, we’ll closely monitor the 3392–3368 support range before executing follow-up trades. 📉 Technical Notes: Price remains near a historical resistance zone, and buyers are showing hesitancy at these levels; While yesterday’s Beige Book report provided short-term bullish sentiment, we need to observe whether the Asian and European sessions digest and extend that move. 🗞 Fundamental Outlook: The key event today is the U.S. Initial Jobless Claims report, which may trigger volatility; Gold remains supported by risk-aversion flows, but traders should be mindful of potential corrections at elevated levels. 💡 Risk Management Tip: In such conditions, it is highly recommended to scale into positions with reduced lot size, and use tight risk controls to guard against unexpected reversals. 📌 Trading Recommendations for Today: Sell near 3423–3436, targeting short-term pullbacks Buy near 3312–3298, if deeper correction materializes Pivot levels for tactical trades: 3416 / 3403 / 3392 / 3386 / 3367 / 3352 / 3343 / 3328 Strategy Summary: Favor short setups on rallies unless 3400 is decisively broken. If support at 3362-3358 fails, expect the bearish trend to gain further momentum.
FOREXCOM:XAUUSDShort
by China_MsWang
TON Looks Ready to Collapse — Is This the Start of a Bull Trap?Yello Paradisers! what if TON is about to reverse hard—are you positioned correctly, or will you be caught chasing the wrong move? 💎TONUSDT is showing clear bearish signs that can’t be ignored. The price has broken down from an ascending channel—a classic early signal of weakness. But that’s not all. This breakdown happened right at the resistance zone, and it’s backed by a clear bearish divergence on momentum indicators. Adding to the conviction, there’s a 1H Fair Value Gap (FVG) sitting right in that same region, which often acts as a magnet for price before continuation to the downside. 💎This confluence significantly increases the probability of a bearish move in the short term. So, what’s the plan? 💎For risk-averse (safe) traders, the optimal approach is to wait for a pullback and retest of the broken structure. This allows for a cleaner entry and a much better risk-to-reward (RR) ratio. For the aggressive players, there’s potential to enter with reduced size from the current level, understanding that it carries more risk without confirmation. 💎However, if the price manages to break out and closes candle above the resistance zone, this entire bearish setup becomes invalidated. In that case, the smart play is to stay patient and wait for a more favorable structure or price action to develop. 🎖If you want to be consistently profitable, you need to be extremely patient and always wait only for the best, highest probability trading opportunities. MyCryptoParadise iFeel the success🌴
Short
by MyCryptoParadise
Double Top Pattern Signals Bearish Reversal (Short Trade ActiveThe Dow Jones Industrial Average Index (DJI) on the 4H chart has formed a Double Top pattern, indicating potential trend exhaustion and bearish reversal. The price was rejected near 42,900 twice and has now broken below the neckline, triggering a short trade setup. 🔹 Pattern: Double Top 🔹 Resistance Zone: 42,900 – 43,000 🔹 Neckline Break: ~42,450 🔹 Target Area: 40,878 based on pattern projection 🔹 Fundamental Context: Profit-taking and market uncertainty post recent highs Bearish momentum active – trade remains valid unless price reclaims and holds above 42,950. Short setup is technically and structurally supported. 📉🧭 Note : If you found this helpful, like and follow for more trade ideas! Share My Idea With Your Firends Mention Your Feed back Comment Section This is not financial advice. Please conduct your own research and manage risk accordingly.
CAPITALCOM:US30Short
by Hellena_Fx
Crypto 2021-22 Rerun?Crypto ex-BTC looks like an identical setup with high, divergent higher high, dead cat bounce, with the same level of resistance in play (both double top and 'right shoulders') Shitcoins and crypto are much less popular among retail this time around, which has me thinking a FOMO surge to new highs is off the table this time. I think there's a short setup here, but posting before a break confirmation has occurred anyway (so technically still neutral today). I dont trade crypto, but follow the trends and this just stood out to me enough to share.
CRYPTOCAP:TOTAL2Short
by Mat86
1
APPLE LONG IDEAAPPLE has been going up for a while. From a weekly timeframe, price is coming from a valid demand zone in the discount level. This implies that the target is the swing high created by the last structure. However, price will not just move straight to the high. Thus, the continuation pattern for a buy opportunity. This is also supported by the bullish divergence signal from the awesome oscillator. On the daily timeframe, price has formed double bottom and it has broken out of a down trend line and Fibonacci level at 0.618. If the current daily bullish candle should close above the trend line, this will serve as a strong signal for going long. An aggressive trader or investor may enter a long position after the closure of the daily candle. While a conservative trader or investor may wait for price to drop to $200.19 at 0.618 Fibonacci level. First target is $212 while the final target is around $260, more than 27% growth from the entry. While the stop can be around $192.40. Confluences for the long idea: 1. Price is in discount level. 2. There's a bullish divergence signal from awesome oscillator. 3. There's a double bottom chart pattern on daily timeframe. 4. Price has broken out of down trend line and 0.618 Fibonacci level. 5. The market structure is bullish. Are you in need of a technical stock analyst, signal provider, or professional trainer for a one-on-one technical analysis training, you can book an appointment here: calendly.com Disclaimer: This is not a financial advice. The outcome maybe different from the projection. If you can't accept the risk, don't take the signal.
NASDAQ:AAPLLong
by KofTFx
3
EURUSD: Pullback From Support Confirmed 🇪🇺🇺🇸 Update for our yesterday's setup on EURUSD. It feels like the pair has successfully completed a retracement, respecting an intraday horizontal support. A double bottom formation on that and a formation of a bullish imbalance candle provide a strong bullish confirmation. I think the pair may rise at least to 1.144 support soon. ❤️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.
Long
by VasilyTrader
1
NZDUSD: Your Trading Plan For Today Explained 🇳🇿🇺🇸 NZDUSD is currently consolidating on a strong intraday/daily support. To buy the pair with a confirmation, I suggest to focus on a double bottom pattern on a 4H time frame. Its neckline breakout and a 4H candle close above 0.6015 will provide a reliable bullish confirmation. Goal will be 0.6035. Alternatively, if the price sets a new lower low on a 4H, this setup will become invalid. ❤️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.
Long
by VasilyTrader
3
Continue to short gold after the reboundTechnical analysis: Gold rebounded after hitting 3333 overnight. So far, it has reached 3361. However, it can be clearly seen from the rebound process that the rebound is not strong, so I think the rebound space may not be too high. In the short term, it faces resistance in the 3365-3375 area. The strong resistance above the 3390-3400 area still exists, so it may be difficult for bulls to make a major breakthrough in the short term; and the support area below in the short term is in the 3340-3330 area, and the important support is in the area around 3320; Trading strategy: Consider shorting gold in the 3365-3375 area, TP: 3350-3340
OANDA:XAUUSDShort
by Steffen_Schade
6/4 Gold Analysis and Trading SignalsGood morning, everyone! Gold experienced a strong intraday reversal yesterday, pulling back sharply after an initial rally. The price rebounded after entering our 3338–3321 buy zone, and is now approaching the 3362 resistance level. Technically, the short-term structure remains within an ascending rebound channel. Key resistance levels to watch today: First resistance near 3378 Psychological level at 3400 Extended resistance zone at 3416–3438 If price stalls near 3362 and pulls back, support is expected around 3345–3336, which could form a secondary bottom. If the rejection happens closer to 3380, then 3358–3352 is the support zone to watch. Should gold rally into the 3400–3416 area, keep a close eye on 3385, 3372, and 3365 as potential pullback supports. 📉 Technical Outlook: 4H chart: Price remains in a mild uptrend channel, with key structural support at 3323–3307. However, volume is not confirming the rally, and a potential double top formation cannot be ruled out. 1H chart: Strong support lies at 3343. The MACD is at a decision point, with bulls slightly favored. If volume increases, gold may retest the 3390 high or even push higher. 🗞 Fundamental Factors: Today, focus on the ADP Employment Report and key Fed-related news during the U.S. session, which may create sharp intraday volatility or alter the trend trajectory. Be especially alert during the New York session. 📌 Today’s Trade Plan: Sell between 3418–3438 Buy between 3318–3306 Key levels for tactical trades: 3413 / 3392 / 3381 /3365 / 3358 / 3343 / 3328 Strategy Outlook: Maintain a “sell high, buy low” intraday approach, focus on volume-driven breakouts, and avoid chasing extreme moves blindly.
FOREXCOM:XAUUSDShort
by China_MsWang
Kotak Bank – Structure Speaks, Are You Listening?Kotak Bank appears to be in the final stages of a WXYXZ complex correction on the weekly timeframe, with a zigzag pattern unfolding in Wave Z . A rejection from the 2301.90 zone has initiated a clean 5-wave decline, setting the tone for the final leg of the corrective structure. This analysis combines high-level structure from the weekly chart with internal confirmations from the daily timeframe. Weekly Chart Highlights Wave W completed at 1631.00. A rally into Wave X followed, peaking around 2064.40. Wave Y took the form of a contracting triangle, breaking down to 1543.85. From there, a sharp rally into 2301.90 formed Wave X2, failing to extend impulsively — suggesting corrective nature. The decline from X2 is forming a potential 5-3-5 zigzag, labeled as Wave Z. Fibonacci projection for Wave C of Z lies between 0.618 (1863.65) and 1.0 (1592.75) of Wave A. Invalidation level: A price move above 2301.90 invalidates the Z wave scenario. Daily Chart Observations: The internal structure from the 2301.90 top shows: A 5-wave decline in Wave A, ending with a clear ending diagonal in the 5th wave. This suggests exhaustion and a likely short-term bounce. Wave B is anticipated as a 3-wave corrective rally, targeting: 0.5 retracement at 2168.05 0.618 retracement at 2199.65 A final 5-wave decline from there would complete Wave C and conclude the larger Wave Z. Conclusion Kotak Bank is potentially in the final zigzag leg (Wave Z) of a larger WXYXZ correction that has been unfolding for over two years. With multi-timeframe confluence and a clean internal structure, the path forward suggests a short-term bounce followed by one last leg down. This setup offers high clarity for both short-term traders and long-term positional analysts awaiting the completion of a Wave 4 before a possible Wave 5 rally. Price action will be updated as chart evolves. Disclaimer: This analysis is for educational purposes only and does not constitute investment advice. Please do your own research (DYOR) before making any trading decisions.
NSE:KOTAKBANKShort
by VeerappaKaujageri
1