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Double Top or Bottom

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
5
Chinese Technology 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 # Chinese Technology Stock Quote - Double Formation * 1st Trendline | Short Set Up | LL & LH's * 2nd Trendline | Entry Bias | Subdivision 1 - Triple Formation * (Downtrend Argument)) | Entry Feature | Subdivision 2 * (Open Trade)) | Pattern Target Hit | 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
FX:CHNTECHLong
by TradePolitics
LINKUSDT: Bullish Setup or Breakdown Ahead?Yello, Paradisers! Could this head & shoulders structure spell trouble for LINKUSDT? Or is the market setting up for a bullish reversal? 💎LINKUSDT appears to be showing signs of a retracement due to its head and shoulders pattern. If the price retraces to the identified support zone and presents a bullish I-CHoCH, W-pattern, or inverse head and shoulders on lower timeframes, the probability of a significant bullish move increases. 💎However, if the price drops further to sweep below the current zone (inducement), it’s prudent to wait for confirmation at the strong support zone. Although reaching this level might seem unlikely, if the price does drop, it would strengthen the likelihood of a bullish rebound. In this case, watch for bullish patterns such as I-CHoCH, W-patterns, or inverse head and shoulders to form before taking any action. 💎On the flip side, if a breakdown occurs and the candle closes below the strong support zone, this would invalidate our bullish outlook. In such a scenario, patience will be key—waiting for better price action and clearer market structure before considering the next move. 🎖 As always, the disciplined and patient approach wins in this market. Stick to the plan, follow the confirmations, and trade smart, Paradisers! MyCryptoParadise iFeel the success🌴
by MyCryptoParadise
2
Is PYTHUSDT About to Explode or Break Down?Yello, Paradisers! PYTHUSDT is shaping up nicely after forming a W pattern at a key supportive trendline. But the real question is—will the price hold and push upward, or is a breakdown lurking just around the corner? Let’s break down the critical levels and scenarios you need to watch closely. 💎If PYTHUSDT breaks above the resistance level and closes a candle above it, the odds of a bullish move increase significantly. This breakout would confirm the W pattern, signaling potential upside momentum. 💎There's still a risk that PYTHUSDT could retrace further before any bullish breakout happens. If the price drops lower, it could be a liquidity grab (inducement) to shake out weaker hands before bouncing from the strong support zone. 💎In that case, it’s better to wait for the retracement to play out and then look for a bullish reaction from the strong support zone before taking any action. 💎Now, here’s the worst-case scenario: if PYTHUSDT breaks below the strong support zone and closes a candle beneath it, the bullish structure will be completely invalidated. 💎In this case, it’s better to stay patient and wait for a clearer price structure to form before re-entering any positions. Never chase the trade—we wait for the highest probability setups to align. 🎖 Remember, patience is key in trading! The market will always provide opportunities, but it’s the disciplined traders who capitalize on them. Stay focused on key levels, wait for confirmations, and don’t get caught by false moves. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise
4
Bitcoin Double Top Forming(Neckline is 92K so wait for breakout)As we can see until now Price test ATH resistance zone Two times and we have Strong support zone near 92K$ so we may have Double Top forming here which is strong Reversal structure and after the neckline support break to the downside this structure is completed and will cause huge dump and fall to the downside like the arrows mentioned on the chart. Notice: only if the ATH resistance break successfully then this scenario is invalid and price can see more gain to the next possible ATH mentioned on the chart. DISCLAIMER: ((trade based on your own decision)) <<press like👍 if you enjoy💚
Short
by MMBTtrader
40
Closing my entire crypto position todayBitcoin prices have been consolidating since December '25 (around 60 days) after multiple failed attempts to continue the uptrend (as indicated by the purple Xs on the chart). Even though I remain bullish on the asset in the long term, I decided to close all my cryptocurrency positions today and allocate 100% in dollars. From a technical perspective, a double-top pattern has started to form, which is a bearish signal, and I’d rather not risk waiting to see if it gets confirmed or if the asset simply continues moving sideways. I prefer to watch this consolidation from the sidelines and accept the risk of buying back at a slightly higher price only after a breakout—if it happens. If it doesn’t, closing my positions will have been a successful protective move. I also acknowledge the formation of a flag pattern near the upper resistance of the range, but again, if it confirms and breaks out, I will re-enter. For now, I’m choosing the more cautious path and prioritizing capital protection. Part of this position was bought recently, around 100k, speculating on potential euphoria after reaching that price level. Another portion was acquired around 60k in September '24.
COINBASE:BTCUSDShort
by thessia_
4
Uranium Commodity 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 # Uranium Commodity Quote - Double Formation * (Reversal Argument)) | Completed Survey & Entry Feature * 012345 | Wave Count | Subdivision 1 - Triple Formation * 1st Retracement | Downtrend Bias | Subdivision 2 * 2nd Retracement | Continuation Entry | 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 | Sell
FX:URANIUMShort
by TradePolitics