USOIL - DOUBLE TOPHello Traders !
The USOIL failed to break the resistance level (83.77 - 84.42).
The price formed a double top pattern.
At the moment, The neckline is broken !
So, I expect a bearish move📉
___________
TARGET: 80.76🎯
Double Top or Bottom
Watch USD Moves Today!!🚨 USD HIGH PROBABILITY BUY SETUP SOON 🚨
* Here We Can See Clearly The Next Potential Move For US Dollar Today.
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Watch USD Moves Today!!!
🚨 USD HIGH PROBABILITY BUY SETUP SOON 🚨
* Here We Can See Clearly The Next Potential Move For US Dollar Today.
* We Have Fed Chair Powell Testifies Today.
* Keep Your Eyes Close On Your Trading Positions.
* Happy PIP Hunting Traders.
* FXKILLA *
GBPCHFWe can attempt to buy GBPCHF from specified level as it break LH ,also trading double bottom (reversal pattern) , also bullish divergence occur indicate that it moves upward.
SL , TP mention in chart.
USDCHF: Pullback From Key Level 🇺🇸🇨🇭
USDCHF may drop from a key daily resistance.
I see multiple intraday bearish confirmations:
breakouts of a neckline of a double top pattern
and a trend lien of a rising wedge pattern on an hourly time frame.
The price may reach 0.8965 level soon.
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ETH: Potential Bullish Signals on the 1-Hour Chart?Hey everyone!
If you're enjoying this analysis, a thumbs up and follow would be greatly appreciated!
Ethereum (ETH) is currently showing some interesting signs on the 1-hour timeframe. Let's break down what we're seeing:
Possible Double Bottom: The chart suggests a pattern resembling a double bottom, which can be a bullish technical indicator. However, confirmation is needed.
Descending Triangle: ETH is also forming a descending triangle pattern. This pattern can indicate a breakout in either direction, so further confirmation is required.
Here's what to watch:
Breakout: A clean break and close above the neckline of the descending triangle and the double bottom's resistance level would be a bullish signal, potentially leading to a price increase towards $3300 this week.
Invalidation: An hourly close below $2840 would weaken the bullish case.
What are your thoughts on ETH's current price action? Do you see a bullish pattern? Share your analysis in the comments below!
$ETHLooking for a good entry for long position before my short position actived.
Note : price need to break the resistance above to actived this setup.
Alwyas dyor and use stop loss wharever your stop loss
Copper - Once again a snapshot of the '05 era compared to now
1989 - 2004 experienced years of sideways action then to a final blow off breaking out of pattern onto the next level. This blow off then resulted into a financial crash.
From 2006 (the first top of the '08 crash) to 2023, the market has also been sideways exactly like the past but of course in its own unique way.
Based on analyzing coppers trade pattern it seems that we're located in the times of 2005, three years before the '08 crash.
lets say the market is due to crash in ~2025 this exactly lines up with the clues in the past to say the market will crash in 2026.
With this data you can match your research to add confluence in your investment strategy, trade ideas, and much more.
*Not Financial Advice - DYDD*
$6 Copper by 2026An update for my last copper theory based off trade pattern
From 2016 till this day copper has formed a double bottom on such a large scale that makes it hard to miss.
2022 - 2023 looks to be the pullback phase back to the neckline, at liquidity (S/D). 2024 will be the year of the rally (expansion) seeing price action head towards $4.6, and then causing a second pullback before seeing ~$5.8.
Local price action (todays prices) in sellers has slowed down drastically at the same time buyers are building a solid support zone.
Eth at a crossroad. On the one hand we have what appears to be a double top which can also be interpreted as a large bull flag. A break and close under the neckline can push Eth to $1800 usd. A break above top of flag can also push Eth to $6500 usd. Plan accordingly and don’t get caught off guard.
AUDCHF: Bullish Outlook Explained 🇦🇺🇨🇭
I see 2 strong bullish signals on AUDCHF on a daily:
bullish breakout of a key horizontal resistance and a falling trend line.
Retesting the broken horizontal structure, the price formed a tiny double
bottom pattern on an hourly time frame.
We see a clear sign of strength of the buyers now.
The pair may keep growing to 0.6055
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GBPUSD Expected moveI'm expecting GBPUSD to give us sells on this -OB because price once respected it before in the past...it will create a double top
GBPJPY - An Important Lesson On Double Tops & BottomsA look at the GBPJPY and ways to get involved whether you're looking to be bullish or bearish.
More importantly however, a lesson on classic price patterns & what you should value in your technical analysis in order to put you in the safest position in the markets.
In this video we touch on structure, double tops/bottoms, trend continuation trading & the 2618 pattern.
If you have any questions or comments please leave them below.
I wish you guys a great week of trading ahead!
Akil
xauusd h4 After correcting the price from its historical high in 2450 and falling to 2280, gold entered a triangle range and fluctuated in this area for several days. On Friday with NFP news
It broke this range up and the price is growing in the form of a 5-wave Elliott wave.
The price targets in the short term are 2398, 2406 and 2426
And in the long term, the goal will be to break the historical ceiling of 2450
AJ D Buy Idea 6/9/24Price has returned to the daily highs from 4/26/24. Looking for bullish continuation to at least around 104.945 which is a previous weekly high.
**This is for educational purposes only and this is not financial advice because I am not a financial advisor.**
BTCUSDT Double TopBTCUSDT
Double Top pattern formed on 1W TF. Take entry only if neckline is broken.
SL: 65370
GC/Gold 1H Buy Idea 6/15/24Price has broken the trendline and has now retested on the other side with a hammer forming as the market closed. Looking for price to continue bullish into next week.
Keep in mind that price could very well break below the trendline again to form a M with the double top that is possibly forming as well. BUT I'm leaning more towards the buy because of price currently coming to the 1/4H Highs from 6/12/24
**This is for educational purposes only and this is not financial advice because I am not a financial advisor.**
AUDJPY - Bearish TradeThe price has formed Double Top reversal pattern.
After crossing down Double Top Neckline, sellers will remain in control.
Bearish divergence is observed before double top.
CHFJPY: Classic Trend-Following 🇨🇭🇯🇵
On a today's live stream with my students,
we discussed CHFJPY.
Even though the momentum is slowing down,
the pair still remains bullish.
After a test of a solid rising trend line on a daily,
we see a strong positive bullish reaction.
I think that the pair will go higher.
Goals: 179.4
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Potential Bullish Reversal! - EGHere I have EUR/GBP on the 4 Hr Chart!
Here we see Price has made 2 clear Lows ( Latter Lower than Previous Low ) with a High @ .84579
-Now to bring attention to the RSI Indicator, we can see Price is showing a different picture ( Latter Higher than Previous Low )
-We also have a Double Tap on the Lower Bollinger Bands
These events add up to what seems to be a Divergence taking place where Price has made its True Low and RSI indicates its no longer looking to go LOWER!!
Now for CONFIRMATION of this Potential Double Bottom Pattern, we NEED Price to Break and Close ABOVE the High @ .84579 and then to Re-test!
INVALIDATION of Pattern will come if Price decides to go Lower than our Low @ .83972
Double bottom We market has completed the consolidation faze broke the previous resistance, retested now going bullish
AMZNIs AMZN exhausting at resistance zone?
As the price is been on high bull run but now it seems like price is lacking bullish momentum after printing double top pattern at resistance level and bearish divergence suggesting the sell pressure is about to start.
If the bears took control , the 1st target could be 185
What you guys think of it?
REIUSDTWe can attempt to short REIUSDT from specified level as it break HL ,also trading double top (reversal pattern) , also bearish divergence occur indicate that it moves downward.
SL , TP mention in chart.
