META Weekly Double top with Divergence and Pin BarMETA weekly double top with divergence
Doesnt bode well for the indices
Double Top or Bottom
GOLD (XAUUSD): Consolidation Continues
Quick update for Gold.
The market is currently stuck within a wide horizontal range on a 4H time frame.
After a test of the resistance of the range, we see a strong bearish reaction to that:
the price formed a double top pattern and broke its neckline.
I think that the price may drop to the support of the range.
Goal - 2484
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XAUUSD: Bullish move has not yet finished! More Growth to come! OANDA:XAUUSD
Our last idea is going well and we still expect price to continue growing until it reaches our final; take profit area. However, we think that price is likely to do a small correction in two hours timeframe, after that we can see a continuous bullish move which will likely to take the price to another record high .
goodluck and trade safe!
simple fib zoneduring fed rate hike cycle due strong dollar eurusd was collapsing
since fed rate cut pricing begin after their last 75bps rate hike in 2022
eurusd has retrace 61% from top to bottom , price testing this area again
1.12746 will be a strong resistance level
if price don't breaks this area than double top possibility increase
this week will be first time we see real market reaction to fed jackson hole speech
last year priced failed from 61% fib level when it hit that area first time
BTC ShortSeeing the scenario that bitcoin has failed to break above FWB:65K I saw the opportunity in that it did not make any new highs so I take advantage of the liquidity at $60k. Seeing that there may be a big congestion in the fall, I decided to take profits in three parts. BINANCE:BTCUSDT
Double Bottom LongGood day traders, i know it has been a while since i published any ideas but i am back now. Lets get into it, so on the idea above we clearly see that NZDUSD has been strongly bullish for the past few weeks and it formed what we can agree to be a Double Bottom formation on Support level(0.58945-0.58575) and i believe price is heading for Resistance(0.63366-0.64094). It is up to you to figure out how it is going to go about getting to this resistance, meaning find entries that accommodate your accounts. Thank you
GOLD (XAUUSD): Your Trading Plan For TodayGold is currently trading in a unique area where a neckline of a double top pattern aligns with a rising trend line.
I anticipate a bearish trend forming in this specific region. To confirm a short position, wait for a breakout below the neckline of the double top pattern and the support trend line on the 4-hour time frame, with the neckline identified as being between 2510 and 1503.
Once a bearish breakout occurs (confirmed by a 4-hour candle closing below), look to sell on a retest. The target for this trade is 2480.
If the price makes a new higher high, the setup will no longer be valid.
US DOLLAR INDEX (DXY): Waiting For BreakoutIt looks like ⚠Dollar index is preparing for a bullish movement.
Analyzing the 4H time frame, I spotted a falling Parallel channel
and a confrimed breakout of its upper boundary.
The last obstacle for the buyers is the 100.95 - 100.85 neckline of a double bottom pattern.
If bulls break and close above that, it will be an important bullish clue.
A bullish continuation will follow then at least to 101.40
SILVER (XAGUSD) : Pullback From Key LevelSilver is likely to drop from a significant daily resistance level.
There are several signs of a potential drop in the short term, including the breaking of a neckline of a double top pattern and a trend line of a rising wedge pattern on a 4-hour timeframe.
The price could soon reach the 29.04 level.
NASDAQ INDEX (US100): Pullback From Support
US100 may pull back from a key daily/intraday horizontal support.
As a confirmation, I spotted a double bottom formation on a 4H time frame
and a confirmed violation of its neckline.
The market may reach at least, 19755 level soon.
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Double bottom, Target Price 484PNLF forming nice view of double bottom, if confirmed and breakout most likely will reach target price 484
BTC Update from last analysisWow! It seems that our analysis is correct as it respect the movement of the market and probably goes down to the level of support that we set from previous resistance that was broken. The ratio I use as a beginner is 1:1.4 ratio. Once it reaches completely the target, we we'll wait if the candle will go beyond the support for down trend continuation or will see another double bottom for another reversal/pullback.
Note: This is not a signal. This is just an application based on the analysis that I learned and testing it out. Share your ideas, and suggestions by commenting below to help me improve my trading analysis. Thank you!
CADCHF: Bearish Outlook Explained 🇨🇦🇨🇭
CADCHF is trading within a wide horizontal range on a 4H time frame.
After a test of a resistance of the range, the price formed a double top on that.
Bearish breakout of the neckline of the pattern is a strong intraday bearish signal.
The pair may keep falling now at least to 0.62621
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EURGBP ShortCurrently, EURGBP is in an uptrend. However we can see there is a liquidity Sweep in the Week Time Frame and in the 4-Hour a Double Top has formed.
EURGBP is changing to downtrend.
Sol 1h double top patternSol is forming double top pattern in the 1h chart
its a bearish sign i think
sol can drop to 151
Have you noticed this in BTC?After watching another trading video, I noticed when checking H4 BTC that it formed double top and it breaks it's neckline as you can see in the current chart.
Now, that it is going down, I go to the H1 and place a fake short trade SL before the support from previous major level of structure. Let's see if my analysis is correct 😉
Note: This is not a signal. This is just an application based on the analysis that I learned and testing it out. Share your ideas, and suggestions by commenting below to help me improve my trading analysis. Thank you!
Gold Visit fourtrades website for full market analysis link in the bio
4-Hour Chart Analysis
The 4-hour chart reveals that Gold has been moving within an ascending channel, with the price currently testing the upper boundary of this channel. The repeated testing of this upper trendline, highlighted by the red arrows, suggests a strong resistance zone. However, the price action near the daily retest area indicates that a breakout to the upside could occur if the price manages to close above this resistance level. If a breakout happens, the next target could be around $2,540.00 to $2,550.00. On the downside, a pullback towards the daily retest area around $2,500.00 could provide a solid support base.
Bearish SLP until? Good morning here in PH! After checking the SLP on the H4 chart , I noticed that there's a double top that happened and begin to analyze. Going down to lower timeframe of H2, we can clearly see that it is indeed what we're looking for and has been retested on the neckline.
Going further on the lower time frame, the candle stick is going down. Let's see what'll happen next :)
Note: This is just an analysis based on my learning not a professional signal. I'm still learning. Comment down below your other suggestion to improve my skills.
TRADE ON BURGER/USDT ON 1H TF WITH REVERSAL PATTERN.Here BURGER/USDT on 1H TF is in bullish trend but making bearish divergence and forming DOUBLE TOP .
Entry = 0.4341
SL = 0.5201
TP = 0.3698
RNW possible double bottomOn day chart for RNW possible double bottom, price appears to be accumulating after bad Earnings report at Support Level. MACD and CCI in danger zone but show small signs of a down trend coming to and end.
Technical Analysis on PayPal (PYPL)PayPal ( PYPL ) has experienced a medium-term negative trend, losing over 80% from its 2021 highs. This downtrend developed after the formation of a Double Top chart pattern.
Currently, the price is near a key resistance area at $70 (marked as Res 1), highlighted in purple. In the past, this zone acted as support (green arrows), and more recently, it has been serving as resistance, with the price being rejected twice (red arrows).
In the short term, the stock is showing a slightly positive formation, with an ascending triangle pattern taking shape. Additionally, the price is positioned above the main Point of Control (POC), considering the entire volume history.
Bullish Scenario:
To confirm a bullish scenario, the stock needs to break above the $70 resistance area (Res 1). If successful, it could progressively reach $100 and subsequently $120. Above this level, there are inefficient zones with low volume where the stock could potentially extend further.
Bearish Scenario:
If the stock fails to break the first resistance and falls below the POC area, it could resume its downtrend, targeting the first support area around $40 in stages.
XRP will it break? Resistance or SupportWill it pull back based on the double top zone and continue going up or will it go beyond to the neckline to short? Let's see.
#newbieanalysis
