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Double Top or Bottom

SILVER BUY XAGUSD(SILVER) BUY ENTRY 33.79 SL 33.37 TP 34.29 , 34.46, 34.73 AND 34.84 The market trend is highly bullish, having made an all-time high over the last 10 years. This week, it broke its last resistance to the upside and is now retesting that resistance, which has turned into support after the breakout. On the 1-hour chart, the market has formed a double bottom pattern, and the neckline of the pattern has been broken to the upside. We will take the trade on the retest
OANDA:XAGUSDLong
by ArtOfTrading33
OCTAOcta is currently following a strong bullish trend. The opportunity it represents cannot be quantified theoretically, but as investors, we could set goals to take profits or simply follow the trend until it ends. Currently, we have a double bottom at the Fibo 0.78 level on the weekly chart, which still needs to be confirmed. This zone represents a potential support that could push the price of the asset to new highs. However, there is a risk of a wick reaching the previous low of this bullish trend. Therefore, we will observe the weekly close this week and examine the detailed daily reactions to make a decision on this asset. Remember that, regardless of your decision to enter this bullish movement, it’s essential to set a stop-loss below the previous low to effectively protect your capital.
Long
by mrsim1920
2
HAL Analysis!Double Bottom Pattern with an RSI Divergence in HAL on a Daily Timeframe! Double Bottom Pattern Formation in NSE:HAL ! Neckline Breakout in HAL! Analysis: HAL has made a Double bottom pattern on a daily timeframe after its downtrend so the trend is most likely to change. As we can see price made falling bottoms but RSI has made rising bottoms so there is a clear divergence as I have indicated in the chart. We also can see the optimum volume during the breakout and also the stock is retesting its new support. Trade Setup: Refer to the Analysis and make your own decisions as per your Risk to Reward Ratio Disclaimer: Consider my analysis for Educational Purposes only. Before entering into any trade - 1) Educate Yourself 2) Do your research and analysis 3) Define your Risk to Reward ratio 4) Don't trade with full capital
NSE:HALLong
by Avinash9087
2
Dollar Index Consolidation: Will NFP Trigger an Upside Breakout?Since its recent touch on the support zone back in August, the U.S. Dollar Index ( TVC:DXY ) has entered a period of consolidation, characterized by multiple attempts to break through this critical support level. Despite several instances where the price briefly dipped below the technical support zone, each time, the market witnessed a strong reversal, with bulls stepping in to defend the level successfully. From my perspective, we are nearing a potential upside reversal, and the upcoming Non-Farm Payroll report on Friday could serve as the catalyst for this move. Currently, 102 is the key level to watch for confirmation of an upward breakout. Should the DXY break above this threshold, the next reasonable target would be around 104, marking a significant bullish shift in momentum.
TVC:DXYLong
by Mihai_Iacob
15
EU Double Top Breaks Rising Support, 300+ Pip Sell Set-Up!Here I have FX:EURUSD on the Daily Chart! After last weeks Double Top was Confirmed, we see Price make a Bearish Break to and through the Rising Support created by the April, June and August Lows. -The Testing Candle alone generates ~500K in Selling Volume making the Rising Support weak enough to then Break Down to where price sits now. Applying the Fibonacci Retracement Tool from the Higher High @ 1.12138 to the Lower Low @ 1.08107, we can see a couple things: *23.6% Level sits right at the 200 EMA which is curving down and Price is now trading Below *38.2% Level sits right in the center of the Resistance Zone created from the March Highs *50% Level is at the Higher Low that was Broken to Confirm the Double Top I suspect that Price will need to Retest the Break of Rising Support before it can continue to Push Down! Potential Set-Up: Sell Entry 1.09058 (23.6%) - 1.09647 (38.2%) SL - 1.10112 (50%) TP - 1.0665
Short
by Novi_Fibonacci
NZDUSD 4H long watchlistIt's a quiet week no trades yet, but that's a good thing. That means also no losses are taken. So my decision-making ability to spot only good quality trades for my system works. NZDUSD 4H long is on only thing that caught my attention and I will explain why. First thing what I always want to see a long clean downtrend breaking support. It's hovering arround that level so that's good. Second thing consolidation pattern with a couple of fakeouts. The last deep red candle pierced deeper than the rest. So that indicates price is looking for liquidity to move up again. What's also really nice after the deep red candle we see some small indecision candles. The only thing what needs to happen now is one medium to strong bullish candle I draw it on the charts as example. That's enough reason for me to enter. If not I skip the trade with no problem :)
Long
by FX-Diaries
1