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Double Top or Bottom

$AMD Forms Another Double Bottom – Will History Repeat Itself?I wanted to share an interesting setup I’ve noticed on NASDAQ:AMD daily chart. The stock just completed what looks like a classic double bottom pattern—something it’s done before with impressive results. What I’m Seeing: Double Bottom Revisited: We can see that AMD has formed another “W” shaped bottom, where price tested a support zone twice and successfully bounced. Historical Precedent: The last time AMD completed a double bottom, the subsequent breakout and follow-through rally were significant. After the neckline breakout, price continued to move higher, rewarding patient traders and confirming the pattern’s bullish nature. Volume & Confirmation: It’s worth looking closely at volume to confirm the pattern. In many textbook double bottoms, volume often increases on the breakout, signaling that buyers are stepping in. If we see heavier trading volumes as AMD breaks through the neckline, it could be an indication that a similar move might unfold. Potential Price Target: A common way to project a double bottom target is to measure the height of the “W” and add it to the breakout point. If this pattern performs similarly to the last one, we could see a significant upside move. Of course, there are no guarantees, but patterns like these give traders a framework to manage risk and set objectives. What to Watch For: Neckline Break: A clean move above the neckline (resistance area) would be a key bullish signal. Volume Expansion: Higher volume on the breakout adds conviction. Market Conditions: Broader market health and sentiment can affect whether the pattern plays out as expected. AMD has shown us before that this pattern can precede major rallies. As always, manage your risk appropriately—no matter how promising a setup looks, it’s wise to confirm with price action and volume before jumping in.
NASDAQ:AMDLong
by Scatman_Jeff
Cardano - Starting The 10x Parabolic Rally!Cardano ( CRYPTO:ADAUSD ) is perfectly following the break and retest: Click chart above to see the detailed analysis👆🏻 With an incredible +200% pump in November, Cardano is finally coming back to life after creating the bullish double bottom break and retest just a couple of months ago. Looking at previous cycles, this seems to be just the beginning of another +3.000 rally. Levels to watch: $3.0, $10.0 Keep your long term vision, Philip (BasicTrading)
CRYPTO:ADAUSDLong
by basictradingtv
17
GOLD (XAUUSD): Bullish Continuation Confirmed?!Following a recent downturn, gold has retraced to a significant structure that was recently breached. I've identified two strong bearish signals after its test: the price broke below the neckline of a double top formation and also fell below a resistance line associated with a bearish flag pattern. These breakouts suggest a strong likelihood of a continued bearish trend. It is highly likely that the market will keep declining, reaching the 2646 level shortly, followed by the 2637 support level.
TVC:GOLDShort
by linofx1
4
PEPSI to $182 - Up to 14% ROI PossibleNASDAQ:PEP stock is currently trading at a discount to its fair value. That's why traders and investors should have a look at this bluechip, especially given its low beta statistic. Of course, macroeconomic uncertainties, such as the University of Michigan's latest consumer sentiment survey (which projects inflation to rise to 2.90% from 2.60% next year), could have an impact on consumer spending, which could squeeze margins. Nevertheless, given the undervaluation, Pepsi has a safety net for things like that under current circumstances. When looking at the technical analysis we can se a big support zone at $158, where we are currently residing. The stock bounced multiple times from this zone in the past and could certainly do so again. Given the double bottom we have a good opportunity to get in the trade right now. Target one would be the descending trend line at $172 and target two would be the resistance zone at $183. That would give us a ROI of up to 14.24% in total. Closing below $156 on the daily would invalidate the trading idea. Target Zones $172.00 $183.00 Support Zones $156.00
NASDAQ:PEPLong
by LGNDRY-Capital
1
POV: ULTRACEMCO - Edge of Channel BreakoutPOV: ULTRACEMCO - Edge of Channel Breakout 1️⃣ Channel Formation: The stock has been trading in a range of ~12–14%, forming a channel. The top of the channel has been tested 4 times, confirming it as a strong resistance zone. 2️⃣ Last Leg Setup: The last leg started with: - A double bottom pattern. - Divergence indicating reversal. - A bounce back after taking support at the 200 SMA. 3️⃣ Consolidation: After reaching the top of the channel, the stock is consolidating instead of pulling back—a positive sign for a potential breakout. 4️⃣ Flag Pattern: The 5-day consolidation appears to be forming a **flag pattern**, adding to the bullish sentiment. 5️⃣ Concerns: - Volume is around the average, lacking the confirmation of a spike. - Entry is set slightly above for safety due to range expansion, which is nearly 100 points away. Disclaimer: For educational purposes only, not financial advice. #NiVYAMi
NSE:ULTRACEMCOLong
by kzatakia
Unitedhealth Stock Qoute | 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 # Unitedhealth Stock Qoute - Double Formation * 550.00 USD | Trend LIne Survey | Subdivision 1 * Retracement | Uptrend Bias | Main Entry At 485.00 USD - Triple Formation * Pattern Confirmation & Neckline Conditions Valid * 495.00 USD Trend Line Survey | Subdivision 2 * Flag Pattern & Top / Bottom Structure | 50% Retracement | Subdivision 3 Active Sessions On Relevant Range & Elemented Probabilities; London(Upwards) - NYC(Downwards) Conclusion | Trade Plan Execution & Risk Management On Demand; Overall Consensus | Sell
CAPITALCOM:UNHShort
by TradePolitics
Grupo Televisa (ADR) | 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 # Grupo Televisa (ADR) - Double Formation * Descending Triangle | 2.50 USD | Downtrend Continuation * Top / Bottom Structure At 2.00 USD | Subdivision 1 - Triple Formation * 012345 | Wave 3 | Survey Conditions | Subdivision 2 * Retracement ((50)) | Reversed Wick Rejection At 1.90 USD * 012345 | Wave 5 | 1.15 USD Entry Bias | Subdivision 3 Active Sessions On Relevant Range & Elemented Probabilities; London(Upwards) - NYC(Downwards) Conclusion | Trade Plan Execution & Risk Management On Demand; Overall Consensus | Sell
CAPITALCOM:TVShort
by TradePolitics
Babcock & Wilcox Enterprises, Inc | 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 # Babcock & Wilcox Enterprises, Inc - Double Formation * Cup & Handle | Entry Area | Survey Settings | Subdivision 1 * 3.40 USD | Flag Structure | Pivot Point - Triple Formation * Top / Bottom Structure | Downtrend Bias | Subdivision 2 * Flag Structure At 1.80 USD | Trend Continuation * Behaviour & Entry | Daily Time Frame | Subdivision 3 Active Sessions On Relevant Range & Elemented Probabilities; London(Upwards) - NYC(Downwards) Conclusion | Trade Plan Execution & Risk Management On Demand; Overall Consensus | Sell
CAPITALCOM:BWShort
by TradePolitics
Nikola Corp (Extended Hours) | 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 # Nikola Corp (Extended Hours) - Double Formation * A+ Set Up At 12.0050 USD * 012345 | Waves Not Numbered | Subdivision 1 - Triple Formation * Retracement 1)) | ((50)) & 0)) / Survey Limited Entry | Subdivision 2 * Triangle Pattern | Survey | Subdivision 3 * Top / Bottom Structure | Reversed At 6.1000 USD Active Sessions On Relevant Range & Elemented Probabilities; London(Upwards) - NYC(Downwards) Conclusion | Trade Plan Execution & Risk Management On Demand; Overall Consensus | Neutral
NShort
by TradePolitics
1
NIO Inc - ADR (Extended Hours) | 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 # NIO Inc - ADR (Extended Hours) - Double Formation * 6.05 USD | Resistance Area | Reversed * 3.55 USD | Support Area | A+ Set Up | Subdivision 1 - Triple Formation * Retracement | Full Survey | Short Entry At 7.65 USD | Subdivision 2 * Pennant Structure 1 & 2 | Downtrend Entry Survey * Behavioural Time frame | Daily Settings | Subdivision 3 Active Sessions On Relevant Range & Elemented Probabilities; London(Upwards) - NYC(Downwards) Conclusion | Trade Plan Execution & Risk Management On Demand; Overall Consensus | Sell
CAPITALCOM:NIOShort
by TradePolitics