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Double Top or Bottom

Gold Retest Completed Now Next Impulsive Move!Hello Traders! As we know that gold is trading in two ascending channel, one is internal and 2nd is external and following trend every time like this impulsive move till upper trendline of external channel and retest move till down trendline of internal channel according to this trend next move would be 3016. there was a FVG and Order Block in H1 thats the reason for yesterday move still gold is in bullish trend. Resistance: 2924 Support: 2908 i am bullish till 3016 because its also a target of weekly bullish flag which i have already posted in ideas section you can check in related post Regards: PipsOptimizer
OANDA:XAUUSDLong
by PIPsOptimizer
EURUSD (2H) - High Volatility and Bearish MomentumOANDA:EURUSD 📶 Technical Analysis: Weekly Chart 🟢 The overall trend has been consistently bearish since October 2024, indicating a longer-term downtrend 🟢 A strong level of support has been broken and tested at 1.0500, indicating potential for further bearish movement. 🟠 In the past three weeks, volatility has significantly increased, due to a combination of fundamental factors. Daily Chart 🟢 The overall trend has been bearish since October 2024, reinforcing a larger downside momentum. 4-Hour Chart 🟡 There was a bullish trend early in 2025, but it was broken, and bearish momentum took over by the end of January. 🔴 The February opening gap, influenced by Trump tariffs, caused a strong bullish volatility before a reversal took place. 2-Hour Chart 🟢 A reversal pattern in the form of a double top is visible, suggesting that the bullish momentum has ended. This pattern has been confirmed by two lower highs and two lower lows. 🟡 Watch for a retest of the 1.035 resistance level and confirmation of the double top pattern. 🟢 A break below the recent low at 1.030 would suggest continued bearish movement. 🟠 The next strong support level on the daily chart is around 1.022, where the price could potentially stall or reverse if it moves lower. 🆕 Fundamental Analysis: 🟢 The EUR/USD dropped to near 1.0360 after the release of US Nonfarm Payrolls (NFP) data for January. 🟡 US Labor Market: The economy added 143K jobs, fewer than expected (170K), but the Unemployment Rate dropped to 4% (better than the expected 4.1%). 🟡 The Fed is expected to cut interest rates in its June meeting, but this is uncertain due to mixed signals from the labor market. Chair Powell indicated that any rate adjustments will depend on real progress in inflation or weakness in the labor market. 🟢 President Trump warned of potential tariffs on European goods, which could hurt the Eurozone economy. The Eurozone is facing increased uncertainty, with concerns about higher US tariffs negatively affecting growth. 🟢 EUR/USD faces continued selling pressure, as the Eurozone's economic outlook remains weak, especially with the risk of US tariffs and a dovish ECB. 🔤 Summary: 🟡 Neutral Position Above Red Trend Line: If the price breaks above the red trend line, it could signal a shift to a neutral position, requiring fresh analysis for clearer direction. 🟢 Bearish Continuation Confirmation: As long as the price remains below resistance and the double top formation holds, a bearish continuation is likely. 🟡 Watch for Key Breaks: Pay attention to the break below 1.030 and how price reacts to the 1.022 support level for further confirmation of the bearish trend.
Short
by boykopetevboev
FIL: A Potential 13x - 57x Move?FIL is mirroring the setup before its 100x rally in the last bull run. Back then, it formed a massive multi-bottom over 700+ days before exploding. Now, FIL has been building an even larger multi-bottom for nearly 1,000 days, shaking out weak hands and concentrating supply. 📌 Possible Price Targets? 1️⃣ Multi-bottom breakout target: $49.5 → 13x from current price 2️⃣ Fibonacci-based bull run projection: $198 (Fib 3) → 57x from current price Even if BINANCE:FILUSDT doesn't break its all-time high ($237), these levels alone make it worth keeping an eye on. 🔍 Current Setup: COINBASE:FILUSD has dipped below its triangle support (yellow line). However, recent price action suggests a deliberate shakeout rather than an actual breakdown. Once the last weak hands are out, FIL could see a rapid move up. 🔴 for more future script “guesses” like this! 😉
CRYPTO:FILUSDLong
by Harold_123
4
BSP Financial Group Ltd 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 # BSP Financial Group Ltd Stock Quote - Double Formation * Numbered Retracement | 0.618 & 1 | Subdivision 1 * (Uptrend Argument)) | Completed Survey & Entry Bias - Triple Formation * 012345 | Wave & Entry Feature | Subdivision 2 * Double Bottom Structure | Long Set Up & Support | 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
PEPPERSTONE:BFL.AULong
by TradePolitics
$NASDAQ:RR Double Bottom Breakout Setup - 50-80% upsideNASDAQ:RR looks like it's setting up for a possible breakout. What to look for: Price closes above the breakout threshold ($3.90) Volume is spiking - looking at recent spikes, looks to be ~60++M shares Squeeze is expanding in a positive direction (UP!) MACD is signaling BUY William %R is pushing into oversold territory (~20% or less) Entry: Depending on your risk threshold there are a couple of places that I'd suggest... Current price - more risk, but higher reward ~85% upside Price after closing above $3.90, less risk, but lower reward ~50% upside Price Target: As shown on the chart $5.83
NASDAQ:RRLong
by dzygadlo
5
USDCAD on 1h time frame . Testing historical Resistance levelsUSDCAD 1H Analysis – February 10, 2025 📈 Potential Bullish Reversal The chart shows a double bottom formation near 1.4280, which is a strong bullish reversal pattern. Price has bounced from this level, suggesting a possible upward move. 📊 Key Resistance Zones to Watch: 1.4550 - 1.4570 → First key resistance (previous support turned resistance). 1.4780 - 1.4800 → Major resistance area where price previously rejected strongly. 🔍 Trading Outlook: A break above 1.4350 could confirm the bullish momentum. If price clears 1.4550, the next target would be 1.4800. A rejection from resistance zones could lead to another decline. 📌 Conclusion: USDCAD is forming a potential bullish structure, but confirmation of a breakout above 1.4550 is needed before expecting further upside. 🚀
Long
by Forexbeats
Genpact Limited 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 # Genpact Limited Stock Quote - Double Formation * Double Bottom Structure | Entry Bias | Subdivision 1 * Numbered Retracement | Long Support - Triple Formation * 1st Trendline | Completed Survey | Subdivision 2 * 2nd Trendline | Uptrend Bias & Pattern Confirmation | 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:GLong
by TradePolitics
Cocoa UK 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 # Cocoa UK Commodity Quote - Double Formation * (Uptrend Argument)) | Completed Survey * 2X Pattern Structure | Combo Feature & Entry Bias | Subdivision 1 - Triple Formation * Numbered Retracement | 0.786 & 1 | Subdivision 2 * Trendline 1&2 | Neutral 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 | Neutral
CAPITALCOM:LCC
by TradePolitics