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Double Top or Bottom

ProShares Ultra S&P500 | Chart & Forecast SummaryKey Indicators on Trade Set Up in General 1. Push Set Up 2. Range Set up 3. Break & Retest Set Up Notes On Session # ProShares Ultra S&P500 - Support=0 | Uptrend Equivalent - Bottom LIne | 0.5 Retracement - Double Bottom | Valid Target Structure - Wedge Structure | Hold & Range Active Sessions on Relevant Range & Elemented Probabilities; London(Upwards) - NYC(Downwards) Conclusion | Trade Plan Execution & Risk Management on Demand; Overall Consensus | Buy
CAPITALCOM:SSOLong
by TradePolitics
Soybean Meal Futures Spread : ZMN25-ZMQ25Excellent opportunity in this spread on soybean meal : - Margin requirements are low, as intracommodity spreads often are. - The spread is currently at -1 from its historical value of 1 in the 5-year average, and 0 in the 15-year average, and being long we have an additional favorable factor for more margin upwards - This spread has been in profit 80% of the time over the past 15 years - There is a very good trend in both averages and a trend duration of about 4 months - The average Risk Reward Ratio over the last 5 years is 17.13
CBOT:ZMN2025Long
by SwissTradingSchool
A Crypto on a journey from bigger Time-F's & Big move-up I have been following HBARUSD for a bit over a week. I was wondering why it was getting huge volumes lately. Hidden away on higher time frames 'monthly' & 'weekly' charts reveals the reasons volume and buying is on increase. Price breaking out of a triangle on Monthly chart very, very recently and price moving back to retest this breakout and give buyers another opportunity at the better price. Weekly chart is a Top 2 and price snapping back to retest the Top of this system. A good trade with a longer term view, or cash in on the short term with its volatility supportive of long prices.
EIGHTCAP:HBARUSDLong
by Easy_Explosive_Trading
GREATEC - FROM BEARISH TO BULLISH ?GREATEC - CURRENT PRICE : RM2.37 After reach the bottom with a bullish HAMMER CANDLESTICK on 16 OCT 2024, the stock broke out of its downtrend in mid October and is building on a trend reversal, suggesting a bullish bias may be emerging. Based on chart pattern analysis, we can see that there is a DOUBLE BOTTOM pattern. The downward movement from 12 July 2024 have potential of forming V BOTTOM pattern. Today 06 Nov 2024, the share price make a new 2 month high to closed at RM2.37, supported by strong trading volume. This bullish momentum may propel the share price to move upside in the upcoming session. Target Price : RM2.52 and RM2.70 Support : RM2.26 (half candle of today session) Notes : Market reacts positively to Trump’s 'Victory' in Presidential Race. Bursa Malaysia Technology Index made a 6.18% gain on a single day. We hope this positive market sentiment will continue to push technology stocks to upward. Lets hope for the best. TAYOR - TRADE AT YOUR OWN RISK.
MYX:GREATECLong
by IMRAN_96
Tezos painting a double bottom pattern on the weekly chart?XTZ just hit its previous breakout target and much like hbar proceeded to then fly right past it and keep pumping. We can see price action is now about to reach a potential double bottom neckline on the weekly chart here. Always a good chance after a pump like this price will end to consolidate a bit before getting a second wind needed to confirm the breakout of this pattern and head up to the next target, but being that we are now in the parabolic phase of the bull market and total2 chart is about to confirm a cup and handle breakout, we may see a much shorter period of consolidation before it does try to validate the double bottom patter than we normally would. If we can confirm the breakout around where I have arbitrarily placed the dotted measured move line Tezos could climb back to $2.50 and reclaim some of its previous glory. *not financial advice*
COINBASE:XTZUSD
by DrDovetail
1
S&P500 INDEX (US500): Your Trading Plan Explained S&P500 index is testing a recently broken daily horizontal resistance. With a high probability, it turned into support. To buy the market with a confirmation, pay attention to a double bottom pattern on a 4H. If the price breaks and closes above 5899, it will give us a strong bullish confirmation. The market will go up at least to 5954 level then. If the price drops lower and sets a new lower low, the setup will be invalid. ❤️Please, support my work with like, thank you!❤️
FX:SPX500Long
by VasilyTrader
2
GBPJPY TF TRADEPair: GBPJPY Trade Opportunity: Sell Type: Scalping The daily market trend is bearish because the market has broken below a support level from November 4 and another support level from October 31. After the breakout, both of these supports are now acting as resistances. Currently, the market is retesting the October 31 resistance level. On the 15-minute chart, a double-top trading pattern has formed, and its neckline has been broken to the downside. The market is now retesting the neckline of the pattern, where trades are being initiated. Entry 195.334 Sl 196.10 Tp 194.406
Short
by ArtOfTrading33
Vanguard S&P 500 ETF | Chart & Forecast SummaryKey Indicators on Trade Set Up in General 1. Push Set Up 2. Range Set up 3. Break & Retest Set Up Notes On Session # Vanguard S&P 500 ETF - Triangle 1&2 | Target Invalid/Valid - Double Top | Target Valid - Retracement | Center Uptrend Settings - Support=0(12345) | Wave 1 Active Sessions on Relevant Range & Elemented Probabilities; London(Upwards) - NYC(Downwards) Conclusion | Trade Plan Execution & Risk Management on Demand; Overall Consensus | Buy
AMEX:VOOLong
by TradePolitics
3
NioCorp Developments Ltd. | Chart & Forecast SummaryKey Indicators on Trade Set Up in General 1. Push Set Up 2. Range Set up 3. Break & Retest Set Up Notes On Session # NioCorp Developments Ltd. - Rectangle | Hypothesis Entry Bias - Double Bottom | Secondary Range Entry - Pennant Structure | Invalid Target - Retracement 1&2 - Awaiting Target | Rectangle Hypothesis Active Sessions on Relevant Range & Elemented Probabilities; London(Upwards) - NYC(Downwards) Conclusion | Trade Plan Execution & Risk Management on Demand; Overall Consensus | Neutral
NASDAQ:NBShort
by TradePolitics
Gigacloud Technology Inc. | Chart & Forecast SummaryKey Indicators on Trade Set Up in General 1. Push Set Up 2. Range Set up 3. Break & Retest Set Up Notes On Session # Gigacloud Technology Inc. - Wedge Structure | Center Setting Commitment - Double Top | Hypothesis Bias On Area - Support=0 At 15.75 | Pre-Demand - Wave 2&5(12345) | Pivot Schedule Active Sessions on Relevant Range & Elemented Probabilities; London(Upwards) - NYC(Downwards) Conclusion | Trade Plan Execution & Risk Management on Demand; Overall Consensus | Sell
NASDAQ:GCTShort
by TradePolitics
Ticker: Celsius Elliot Wave Reference Model Here’s a reference model for Elliot wave & the 5 Motive Waves . This is ticker NASDAQ:CELH Please leave a like 👍 & a positive comment. Studying for success Assuming you had correctly identified the wave you were in, you could have protected your capital from significant losses. Celsius’ price plummeted from $99 to below $28, a sharp drop that highlights the importance of wave analysis in safeguarding your investments. This strategy & screening methodology can serve as a valuable addition to your trading toolkit. It’s currently 3 a.m. in Toronto, and I’ve spent the last three hours trying to solve this puzzle. 🧩 This is an Extended Wave 3 count. While other primary waves can extend, this is most common wave to extend. That means this charting principle & identification technique will work majority of the time at least on equities. Other assets have varying chart rules. Step 1: Identifying Wave 3 - Look for RSI in overbought territory (70+). - Switch to the highest time frame and identify the highest RSI level on both the price chart and RSI indicator. - This price area often coincides with the highest volume. Highlight the highest volume bars on your chart for confirmation. - Mark this point as Wave 3 and then work backward to identify the preceding waves. Step 2: Identifying Primary Wave 1 & primary wave 2 As you are aware primary wave 1 is the first of the primary wave. Find an area on a chart where price has declined significantly and has created an accumulation box. Mark out the strongest impulse from the box, this should signify wave 1. Wave 1 can be seen as the start of the major move. - Perform a visual scan of the ticker you’re analyzing: - Identify and mark accumulation zones using a rectangular box. - A strong price breakout from an accumulation zone typically signifies the start of Wave 1. - If you’ve already identified Wave 3, you’ll notice Wave 1 is connected to it by a retracement (Primary Wave 2). This relationship should make Wave 1 & 2 &3 (sub 3)easier to spot. Step 3 Primary Wave 3 / Sub wave 4 Retracement & final wave 3 - Wave 3(4) Extension: This retracement might appear to be a Primary Wave 4, but it’s actually the final wave before the extended Wave 3(5). Confusing? I know! Wave extensions are complex. Pay close attention to RSI levels to accurately judge this subwave. Quick Tip: Use the Fibonacci extension tool: 1. Drag from the bottom of Primary Wave 1 to the top. 2. Then drag again to the end of Primary Wave 2. 3. This will mark the 1.618 level, which is often where Subwave 3 of Primary Wave 3 ends. This is the highest price point before Subwave 4’s deep or flat retracement. • Now that you’ve identified Subwave 3 and Subwave 4, you can confirm the Primary Wave 3, which connects to Subwave 4. This will be the next impulse. Step 4 Identifying Wave 4 - Notice the next major accumulation / basing pattern / deep retracement after primary wave 3. Done! Very nice! Step 5: Identifying Wave 5 Similarly to how wave 1 connect to 2 wave 4 connect to wave 5. Done ! b]Final Mentions Point 1 - Notice M pattern extended wave 3(5) aka ( wave 3 final) and primary 5. (M) pattern often called double top. Point 2 - Notice the connections of both the top & bottoms of waves 3(5) and primary 5. Creates a symmetrical triangle pattern which would flash warning signs before the huge price descent. Point 3 - Notice the RSI where you think a new wave started it was just a sub wave in an extensions or a higher time degree Elliot wave. Point 4( can be seen on 4hour time frame) Note the head & shoulder which triggered & signified the end of wave 🌊 sent price from $98 to $26. That is it for this tutorial / reference guide. Please leave a like and a positive comment this took lots of time. If you got to this Part drop your favourite emoji in the chat there are mine : 🌊🤝🎯 Thanks, C Lemard
NASDAQ:CELHEducation
by coilemard