Is pushingBullish flag inside an inverse HS. Continuation pattern. I like it. Look close, there is a subtle double bottom forming inside the flag.
Double Top or Bottom
S&P 500 - BULLISH DOUBLE BOTTOMHello Traders !
The S&P 500 Index formed a double bottom pattern.
Currently, The neckline is broken !
So, I expect a new bullish move📈
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TARGET: 5563.50🎯
GBPNZD PRINTING REVERSAL PATTERAN ON 1HTechnically:
GBPNZD is printing Double top pattern which is clearly indicate the reversal.
BXY is Bearish on Daily time frame
ZXY is bullish on daily time frame
Fundamentally:
COT reports of this week and previous weeks clearly shows that Big players consistently
increasing shorts positions of GBP and long positions of NZD.
Sentiments:
GBPNZD 90% Shorts.
Trade Plan:
Entry :2.17825
Stop Loss: 2.18960
TP1: 2.16671 (1:1)
TP2: 2.15535 (1:2)
Take Trade Your own Risk
Good Luck
US DOLLAR INDEX (DXY): Breakout & Bearish Outlook↪️The Dollar Index had been steadily increasing in a rising parallel channel before breaking through its support line and forming a double top pattern.
I anticipate a bullish trend continuing towards the levels of 104.01 / 103.65.
US30We can attempt to buy US30 from specified level as it make double bottom (reversal pattern) , also break LH , also bullish divergence occur indicate that it moves upward.
SL , TP mention in chart.
nas100 Identifying Key Levels
The chart highlights several significant levels and zones that influence the current market behavior:
• PMH & PML: Previous Month High and Low, serving as significant resistance and support levels.
• PWH & PWL: Previous Week High and Low, indicating recent market highs and lows.
• PDH & PDL: Previous Day High and Low, indicating recent market highs and lows
• Daily FVG: Daily Fair Value Gap, indicating areas of market imbalance.
• BSL: Buy-side Liquidity, areas where buy orders are placed.
• SSL: Sell-side Liquidity, areas where buy orders are placed.
• Always wait for confirmation
S&P500 INDEX (SPY): Waiting For The Next Move↪️The S&P500 is currently facing a resistance cluster, marked by a strong trend line and the neckline of a wide double bottom pattern.
A breakout above this area would signal a strong bullish trend.
Confirmation of this breakout would come with a 4-hour candle closing above the resistance. If this occurs, we can expect a bullish continuation towards the 5547 gap.
NZDCAD: Bullish Sentiment Confirmed?! 🇳🇿🇨🇦
NZDCAD has a nice potential to grow after a test of a major rising trend line on a daily.
I see a clear sign of strength of the buyers on a 4H time frame with a double bottom formation
and a confirmed change of character.
I think that the pair will reach 0.82 level soon.
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Just bought someLooks how many times has tried to break the 45 level. Also has been consolidating for a long time. Now is sitting on the 42 level, not a very important support but could be enough to push another try and break out. I don't have a SL here, even is the 42 level is broken down there is another support at 35. I would buy more there. First target 53, then will see.
Going back to 200I'm shorting Tesla. I think is going to test the 200 level before going higher. SL triggers if a daily candles closes above 240.
BTC Shot Call no 2Continuing but with fresh charts from the first idea (Shot call no1) and now to catch the second leg of the idea since last week.
Things look according to plan, despite getting here a different way, the price points and bias are still valid.
Short was activated at the target of the last idea, Trading strategy is Risk on 100% of the time. If it's going let it go, ig it's wrong, manage it and work your way around it.
Looking to target at least 47k mark, but will hold and observe when we get closer to the areas below to determine further. This trade could be held on to for a bit for observation.
47-48 as of now looks to be the most logical and valid target, as we have a few key levels that look to be more prominent versus the smaller ones between here to there, though they could create some light resistance, I wouldn't expect much resistance to falling until the last major consolidation area just below the potential target at 47.
Near is Bearish in Weekly ChartCurrently Near is Holding Trendline Support. If it Holds we will continue Upward move. On the other side if it break below trendline then we can get support from 3.82 to 4.58 range. Then Near will also create a Double Bottom will will shoot the price to 7.30 to 7.80 range.
* Currently Near have Low Volume so any Little Manipulation in BTC can Easily Effect Near Price to Downside. Stay Alert
XOM- SHORT SELLDouble Top
Lower High
Wedge formation
Good R/R
This trade has good risk reward so I go for it.
Potential Nasdaq Movement1. The gap needs to be recovered.
2. A double top is formed at that gap hence the market should buy. (Retest)
3. Only buy after a Break & Retest occurs.
4.Fibonacci Retracement(Golden zone) is a target.
5. Risk what you are willing to lose.
Wormhole $W, Grear R/R SetupBINANCE:WUSDT has been beaten so hard since its listing few weeks ago. I believe Its building a base for a reversal. Newly launched tokens tend to go up fast when they reverse as there is not that much over-hanging supply. My invalidation is a break of its last low, which could happen and I am fine with it!
btc shortAccording to the opinion of bitcoin movements and recent investigations of my team, we have come to the summary conclusion that bitcoin is currently suffering, but my suggestion is short trades in case of breaking the supported fimti zone.
US30 Trade ideaUS30 is on a bullish trend and has just rejected a key zone with what seems to be a double bottom followed by a break of a mid term structure to confirm the buy. Take into account that the resistance above might be rejected
DIXON FOR LONG TERM INVESTMENT IDEAFalling Trend Line Breakout
Stock shows the Bullish moment on (WEEKLY)
Double bottom chart pattern on the (WEEK) that indicates a Bullish moment will continue till the 5000 level if the stock sustains above 4500 it can go further more.
Technicals
—RSI 74 (WEEKLY)
—ABOVE 20 MONTH EMA
—VOLUME ABOVE 20 MA
educational purpose only!✨
Do your research before making any investment🥂
CHFJPY: A Potential to Drop Lower 🇨🇭🇯🇵
CHFJPY has a nice potential to drop lower
after a retest of a recently broken horizontal structure support.
The price may reach 172.9 level soon.
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AUDUSD: Shorting After Breakout 🇦🇺🇺🇸
AUDUSD is retesting a recently broken horizontal support.
The price formed a rising wedge pattern after a breakout
and a double top formation after a retest.
Neckline and a trend line of both patterns are broken.
We can expect a bearish movement at least to 0.6537
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USDCAD - Has the Direction Changed?USDCAD - Has the Direction Changed?
From a currency index standpoint, the DXY appears to be trending downward while the CXY is trending upward. Could the Canadian dollar be getting stronger than the US dollar?
Let’s observe from a technical standpoint. There appears to be the formation of a double top. If the technicals are accurate and the harmonic pattern is on point, we see the potential for USDCAD to drop as low as 1.37081. If it breaks this level, we may see the price go as low as 1.36499.
In the meantime, we observe and wait to see which economy’s fundamentals wax stronger. Currently, the CAD is stronger.
SOLUSDT : BULLISH W-Bottom PatternThe daily timeframe for Solana has revealed a key pattern - the W Bottom pattern.
If this pattern plays out, a healthy correction of around 16% is likely before another impulse wave(s) up.
It's important to note that according to this pattern, for the immediate/short term we will likely go lower to retest the key support zone, which is the W Neckline. But for the near/long term, this is a bullish pattern.
The one condition for this pattern, is that the daily candle cannot CLOSE underneath the support zone / neckline of the W .
Don't miss yesterday's update on why ALTSEASON 2.0 is upon us:
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COINBASE:SOLUSD
GOLD // GO DOUBLE TOP/BOTTOMHello Trader im back
Alright, let’s follow the storyline of gold here.
Based on fundamentals, the Central Bank is not inclined to cut the interest rates that have been set. This indicates that the USD is gaining investors’ attention, and gold is likely to weaken.
Now, if we look at the technical side, the gold price is currently at a resistance level. This opens up an opportunity for us to SELL on tomorrow, July 29th.
// LOW-RISK ZONE
Entry: 2433 - 2420
Take Profit (TP): 2365
Maximum TP: 2356
// HIGH-RISK ZONE
SELL Entry: 2392 - 2399
Stop Loss (SL): 2401
TP: 2365
Maximum TP: 2356
Keep in mind that if we proceed with the sell, there might be a double bottom pattern forming, which could prompt us to buy when that pattern occurs.
Happy trading!" 📈🤑
Remember, trading involves risks, so always make informed decisions and manage your positions carefully. Good luck! 😊🌟
