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Double Top or Bottom

VNET Up +- 40% From Potential Double Bottom. The Big Picture.VNET is Up +- 40% From the Potential Double Bottom. Remains Extremely Risky and Speculative. However, ones best returns are often seen from these Risks. This is also a China Trade, and not a Long Term Investment. However, the prior Levels do show GREAT Potential for further Upside. I started to nibble on the Bottoms with only a few $100 and is working for now. Follow the Larger Trend. Use 2 to 3 time frames to see the 30M, 4H and 1W Trend. Make your decision's based on the Larger 1W Trend. This is a Speculative 6 - 12 Month Trade. I also use the IMACD indicator to see the rate of change, also the CCI Stochastic. As always, please get a few outside Expert's Advice before taking Trade or Investment Decisions. Should you appreciate my Chart Studies, Smash That Rocket Boost Button. It's Just a Click away. Regards Graham.
NASDAQ:VNETLong
by hitchcoxg
SUI $1.70 Long Target - Longed @ $0.89In my last post I showed a short opportunity on SUI where we shorted $1.12 with target of between $0.90 - $1.00 followed by an immediately longing the bottom for a reversal. We closed that trade and longed @ $0.89 preparing for this next move of $1.70 long that was already confirmed and still active. Our Entry was $0.89, but Updating this now on the way to $1.70 long target It is possible a dip can come if BTC dips, but if BTC is running to $72K+ this long target is sure to hit sooner than later for a nice 69%+ gain.
Long
by dogdaddevan
BMY- a large cap pharm loosing market cap SHORTBMY is here on the daily chart. The double top and death cross of the EMA moving averages makes for a strong candidate to short with shares or take put options. A comparsion of the most recent earnings report with the previous one sixty days earlier tells most of the story. The dual time frame RSI indicator shows ongoing wekaness. I will short BMY here and take some call options as well. I am in LLY long in a big position. This will be a race in opposite directions for two large cap pharmaceuticals.
NYSE:BMYShort
by AwesomeAvani
RNDR : BULLISH, Despite the Dip - Here's Why👇COINBASE:RENDERUSD A rare pattern is observed on Render in the daily - a near perfect W Bottom pattern. Now there are a few rules for a chart pattern to qualify and we're not quite out of the woods yet. The next phase should be a retest of the neckline, where we need to keep CLOSING daily candles ABOVE. A break under this support zone will invalidate the pattern. From a technical chart analysis perspective; if you trade chart patterns you should be able to successfully take a long on the support zone. All considering, this will be a medium-risk trade: Another confirmation from technical indicator, the green trendline is a potential wick zone (price on the right pane): Falling perfectly in the center: _______________________________
COINBASE:RENDERUSDLong
by CryptoCheck-
DKS 5/16/2023DKS "Long" Dicks are for chicks. Daily Chart Analysis Prior to Covid, DKS had lost its Uptrend and had been moving sideways since 2014. In 2017, the sideways range broke down signaling the start of a downtrend. At this point Price pulled back to previous support looking to turning it into resistance. Then covid happened. Price was blasted down all the way to 14. Our government proceeded then to print a bunch of fake money which reversed the downtrend and sent this stock in an uptrend from 14 to 131 dollars! After reaching all-time highs, price fell back down, and then we saw the dead cat bounce. Price has reached all-time highs again but has formed a Double Top patten and the neckline was just broken to confirm the reversal pattern. So, what do we have here? A stock that was in the start of downtrend up until the whole circus of Covid came into town. The entire move was fabricated by all the money printed by the government. As you’ve seen with many of the other stocks, they all have given back the Covid gains and then some. It will be no different with DKS. Entering trade short. Entry: 131.42 Stoploss: 155.14 (-18.05%) Target #1: 64.54 (+50.89%), 2.82 RR ratio Target #2: 14.33 (+89.10%), 4.94 RR ratio
NYSE:DKSShort
by rudcharts
2
RTY1! 6/1/2023RTY1! I sometimes wonder if people realize how bad things are going to get. Daily chart analysis RTY1! Reached all-time highs after the fake money covid pump. It then spent all of 2021 moving sideways in what turned out to be a Distribution stage. It entered a downtrend (under 200ema) to start 2022 and found support by mid-year. Now over the last 12 months, price has pulled back to 200ema and has been moving sideways in form of a Double Top. This possible “Double Top” pattern has formed a nice tight “build-up” of price at support. This is very bearish as bears are showing strength by containing price in a small range at support level. Want high probability trades? Trade patterns that coincide with the trend. Double Top pattern (Bearish pattern) + Downtrend (Bear market) = High probability short trade The neckline has yet to be broken but the current build-up of price at support level gives us a nice risk/reward entry. This is my cue to enter trade short. Entry: 1769.8 Stoploss: 1913.2, -8.10% Target #1: 1363.8, +22.94%, 2.83 RR ratio Target #2: 973.2, +45.01%, 5.56 RR ratio
CME_MINI:RTY1!Short
by rudcharts
3