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Double Top or Bottom

GE Aerospace Stock Quote | 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 # GE Aerospace Stock Quote - Double Formation * (Consolidation Argument)) | Complete Reversal Area * ABC Flat Feature | Continuation Entry | Subdivision 1 - Triple Formation * Pattern Reversal | Uptrend Bias & Entry | Subdivision 2 * Numbered Retracement | Long Entry & Supported Survey * Daily Time Frame | Trend Settings Condition | Subdivision 3 Active Sessions On Relevant Range & Elemented Probabilities; European Session(Upwards) - US-Session(Downwards) - Asian Session(Ranging) Conclusion | Trade Plan Execution & Risk Management On Demand; Overall Consensus | Buy
NYSE:GELong
by TradePolitics
Rush Street Interactive Stock Quote | 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 # Rush Street Interactive, Inc. Stock Quote - Double Formation * (Uptrend Argument)) At 7.50 USD | Subdivision 1 * 012345 Wave Count | Entry Feature Survey - Triple Formation * ABC Flat Wave Continuation | Subdivision 2 * Numbered Retracement | Uptrend Bias | Subdivision 3 * Daily Time Frame | Trend Settings Condition Active Sessions On Relevant Range & Elemented Probabilities; European Session(Upwards) - US-Session(Downwards) - Asian Session(Ranging) Conclusion | Trade Plan Execution & Risk Management On Demand; Overall Consensus | Buy
NYSE:RSILong
by TradePolitics
US30 Bearish M-Pattern Setup for Next Week Overview: Potential M-Pattern (Double Top) Formation Analyzing the US30 4H chart, we might see a bearish M-pattern develop next week. Here’s why: 🔹 Price Action: Rejection near the 0.786 - 0.886 Fibonacci zone suggests a potential reversal. 🔹 Bollinger Bands 📊: Price hit the upper band and is contracting, signaling a potential downside move. 🔹 RSI 📉: Falling from overbought and heading toward 40, confirming bearish momentum. 🔹 MACD ⚡: Bearish crossover happening, with the histogram turning red—momentum is shifting down. 🔹 Fundamental Catalyst: Next week’s economic events: CPI Data (Tuesday) 🏦 Retail Sales (Thursday) 🛍️ Unemployment Claims (Thursday) 📊If inflation remains high, the Fed could maintain a hawkish stance, further weighing on US30. 🔥 Bearish Trade Plan 🔥 🔢 Entry Zone: 44,600 - 44,750 (Watch for rejection) 🔢 Confirmation: ✅ Bearish engulfing candle 🔥 ✅ RSI below 50 ✅ MACD maintaining bearish momentum🎯 Take Profit Levels: TP1: 44,350 (0.618 Fib Level) TP2: 43,950 (0.5 Fib Level) TP3: 43,075 (0.382 Fib Level - Strong Demand Zone) 🚨 Stop Loss: Above 44,900 to protect against false breakouts ⚠ 💸 Risk-Reward: Aim for 1:2 or better Final Thoughts 🤔 If the M-pattern plays out, expect a bearish move next week. However, CPI data will be a key factor—stay flexible and manage risk! 🚀 Trade smart & stay disciplined! 🚀 Do not risk more than 1% of your account. Comment your thoughts and follow for more cool ideas Regards, Nozuk #US30 #Trading #PriceAction #TechnicalAnalysis #Forex #Indices #Nozuk
DJ:DJIShort
by Nozuk
UNIUSDT: A Massive Bullish Move Loading… or a Trap?Yello, Paradisers! Is UNIUSDT finally gearing up for a major breakout, or is this just another fake move before a deeper correction? Let’s break it down. 💎UNIUSDT is currently trading within a descending channel, increasing the probability of an upcoming bullish move. The key support zone is holding strong, and we might be witnessing the early signs of a double-bottom formation—a classic reversal pattern. 💎However, confirmation is everything in trading. To increase the probability in our favor, we need to see: Bullish divergence, Bullish I-CHoCH (Internal Change of Character), Bullish reversal patterns such as a W-pattern or inverse head and shoulders from our support zone. 💎If UNIUSDT retraces further, we expect a bounce from the strong support zone—but again, we must wait for clear bullish confirmations before taking any positions. 💎The invalidation level? If price breaks and closes candle below the strong support zone, the entire bullish setup gets invalidated. In that case, we wait patiently for better price action before considering any new trades. 🎖Patience and discipline are key, Paradisers. Many traders will get trapped in bad positions, but those who wait for the right confirmations will be the ones making money. Trade smart & stick to high-probability setups only. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise
NATGATE - 11 RECORD SESSION LOWS ?NATGATE - CURRENT PRICE : RM1.79 On 02 August 2024, the stock made a FALLING WINDOW . The selling pressure continues until price starts to stabilize and create a double bottom support level near RM1.65 - 1.68. On 29 October 2024, the share price closes above the top of FALLING WINDOW resistance level indicates strong bullish momentum. At the same time, the share price also successfully closed above ICHIMOKU CLOUD (after trading below KUMO almost 3 months). This two scenario gives strong bullish outlook for NATGATE. From here, the stock continue moving upside until RM3.03 (ALL TIME HIGH) - upside movement of 40% from the breakout point on 29 OCTOBER 2024. After reach ALL TIME HIGH, the stock made an EVENING STAR pattern. From there, the stock starts declining and makes 11 RECORD SESSION LOWS. Here is the important points to have a look. We can expect a rebound from current price as there are some hints given by chart : 1) 11 RECORD SESSION LOWS creates an OVERSOLD situation (The record session topic is discussed by STEVE NISON in his book - BEYOND CANDLESTICK , PAGE 121 - 127) 2) The last two session was bullish HAMMER - the long lower shadows give hint that potential bottom had reached and the bears are getting tired. 3) Price bounce from the previous DOUBLE BOTTOM support level area near RM1.65 - RM1.68 indicates that the BULLS are aggresively buying the shares near the support level. In conclusion, as a aggresive trader, this is an oppurtunity for me to buy the stock at price RM1.79 - RM1.81. If as expected the share price starts rebound higher, i would take my profit at RM1.95 (+8%) and RM2.05 (+14%). My support level will be RM1.68 (the low of bullish hammer). My time frame for trading this stock is only one month. ENTRY PRICE : RM1.79 - RM1.81 TARGET PRICE : RM1.95 , RM2.05 STOP LOSS : RM1.68 TIME FRAME - Not more than ONE MONTH TAYOR !
MYX:NATGATELong
by IMRAN_96
Different Types of W Patterns and How to Trade ThemHello dear KIU_COIN family 🐺 . Recently, I decided to provide some educational content for you, my dear audience, and introduce some essential and basic trading terms. Here’s what you should know: In these lessons, we will cover three different seasons: 🔹 Season 1: Reversal and continuation patterns. 🔹 Season 2: How to use RSI and other indicators to find good entry points. 🔹 Season 3: Definitions of Fibonacci and seasonality in trading. Stay tuned for valuable insights! 🚀 ✅ For the first section of 🔹 Season 1 , I’ll be covering W patterns— a well-known bullish reversal pattern : As you can see in the chart above, we usually have three types of W recovery patterns , which are the most important ones for us. However, in this section, we just want to get a general understanding of them. In the upcoming section, we will learn how to trade them and explore how they actually appear on the chart and the story behind them ! ✅ This is the first and most common type of W pattern: ✅ This is the second type of W pattern: ✅ This is the third type of W pattern: Ok, guys; I think this is enough for today, and I hope you enjoyed this educational content. However, don't forget to ask your questions below and support me with your likes and follows for more of this content. 🐺🔥
Education
by Kiu_Coin
SOXL Has Room to Run?This one has a double bottom look, with a higher low, and another 4% remaining to hit take profit enroute to retesting the neckline before breaking out (another 8% from here) or balance and fail! Stop loss of 5% is pretty steep, so typically I either lower my position size or stop loss. Even at 4% stop loss, according to backtest results this wins more than it loses and has done pretty decent in the past, as I have been forward testing this model for over the past 18 months and profiting from over 100 different equities that I signal on. The King Trading Momentum Strategy combines the 5 EMA crossing above the 13 EMA, RSI strength, favorable momentum as measured by ADX plus evaluating recent volume changes! SOXL and over 100 equities are built into this script with optimal backtest take profits and stop losses and can be toggled on by simply checking a box (default they are turned off). Check out my script, as I am always looking for people to help test and I am always interested in feedback...
AMEX:SOXLLong
by KingTrading999
Bitcoin (BTC/USD) Breakdown: Bearish Trend Continues After UptreThis is a Bitcoin (BTC/USD) 1-hour chart Key Observations: 1. Uptrend Channel (Green Lines - Past Trend) Bitcoin was in an upward channel for several days, moving within parallel trendlines. The price was making higher highs and higher lows, indicating a bullish trend. 2. Breakdown of the Uptrend The price broke below the lower boundary of the green channel, signaling a bearish reversal. This suggests a shift from an uptrend to a downtrend. 3. Downtrend Confirmation (Red Arrow & Trendline) A steep downward trendline (red) has been drawn, showing continuous lower highs and lower lows. The red arrow suggests further bearish movement, possibly targeting lower price levels. 4. Economic Events (U.S. Flag Icons) The U.S. flag icons indicate upcoming economic events that could impact Bitcoin’s price. These events might be related to economic data releases (such as interest rates, employment reports, or CPI data), influencing market sentiment. 5. Current Price Action Bitcoin is trading at $99,648, down 0.98% at the time of the chart. The price is struggling to hold above $98,000, with a possibility of further declines if selling pressure continues. Conclusion: The bearish trend is dominant after breaking the previous uptr
BITSTAMP:BTCUSDShort
by FOREX_QUEEN_10
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