Double bottom in HUDCO
Double bottom pattern in hudco.
Big spike in volume and delivery qty (checked on NSE's website) on breakout of neck.
Wait for Retest to support at around 230
Risk to reward ratio of more than 3.
Double Top or Bottom
Start going long goldBros, yesterday I emphasized that the key resistance area for gold in the short term is in the 2720-2725 area. Starting from today's London market, gold is just suppressed below 2720 and is currently fluctuating in the 2720-2700 area. In fact, at this time, whether we participate in long or short transactions, we have no way to make a move!
According to the current decline, gold is just profit-taking, and it is not sold off. If gold is sold off, the decline will be far more than that. So it is not completely certain that gold will return to the short trend. So the bulls still have the ability to fight back.
The 2705-2695 area below is the last line of defense for the bulls. If gold falls below this area, then gold may be sold off and continue to fall. But before a break below this support area, we have one more opportunity to go long gold.
If you want to learn more detailed trading ideas and get more trading signals, you can choose to join the channel at the bottom of the article to make trading no longer difficult and make making money a pleasure!
Natural Gas | 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
# Natural Gas
- Double Formation
* 012345 | Wave 1&2 | Subdivision 1
* 2.0500 USD | Support Area
- Triple Formation
* Retracement 50% | Uptrend Bias | Subdivision 2
* 3.2000 USD | Resistance Area
* Top Bottom Structure | Gaining HH At 3.6700 USD | Subdivision 3
Active Sessions On Relevant Range & Elemented Probabilities;
London(Upwards) - NYC(Downwards)
Conclusion | Trade Plan Execution & Risk Management On Demand;
Overall Consensus | Buy
BTC's Comeback: Double-Top Pattern Signals Big Moves AheadThe grammar is clear and the structure is solid. Here’s a slightly refined version for flow and readability:
Crypto traders have plenty of reasons to be excited. The next few days could bring significant movements in BTC. A majority of the losses from the December 5 crash, which followed the previous all-time high, have already been recovered. Furthermore, the price has formed a double-top pattern, aligning with the highs of December 6 and December 11.
Ideally, the price might dip towards 97,785 before pushing upward or consolidate sideways for a day or two before breaking out to the upside. Traders may attempt to go long regardless, given the current double-top pattern. However, it’s preferable to see a third top form just below 102,150, transforming the pattern into an ascending triangle—a more powerful bullish signal. Breaching the December 11 high could indicate a potential rally toward 110,500. This move could also significantly uplift altcoins, many of which have recently suffered steep 30% declines.
What’s your take?
This content is not directed to residents of the EU or UK. Any opinions, news, research, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. ThinkMarkets will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
Ready to take off.I think NYSE:STLA is ready to take off. From May 2024, NYSE:STLA has break though the first channel which was oscillating from end of July. The second channel is from end of April. NYSE:STLA is close to break through it. And lastly the thirds channel which is from first of October.
It also reached its bottom at 11.73 ( lowest level from November 2020).
I think we will have a slow run.
Bullish on this one.
I set my sell limit at 11 euros.
BINANCE COIN (BNBUSD): Bullish Movement Confirmed?!
With a recent bearish movement, BNBUSD corrected
to a recently broken key structure.
I spotted 2 strong bullish confirmations after its test:
the price violated a neckline of a double bottom pattern
and a resistance line of a falling wedge pattern.
Both breakouts indicate a highly probable resumption of a bullish trend.
With a high probability, the market will continue growing and reach 756 level soon.
❤️Please, support my work with like, thank you!❤️
IRFC - Change in market structure break of double bottom patternIRFC on daily timeframe witness change in market structure by forming higher high and higher lows as well as breakout of the trendline showing a bullish potential up to the retracement level by aiming 1st target of 180 and 2nd target of 192, managing risk by keeping a stoploss of 154
Bitcoin Cash About to Pull a Bitcoin?If BCH can break the diagonal and hold above it here, it will likely also break 1442, which would confirm a double bottom targeting 24.3k as its target for a single measured move, and could go a lot higher.
Alternatively, if it fails to get above the diagonal, it may test 85 dollars yet again.
The BHC / BTC pairing also looks like it has bottomed or is in the process of bottoming, which could lend fuel to the positive move if this is the case:
CRUDE OIL (WTI): Pullback From Key Level
Crude Oil looks overbought after a yesterday's bullish movement.
The price may retrace from the underlined blue daily resistance
at least to 69.9 price level.
As a confirmation, I see a double top pattern on an hourly time frame.
❤️Please, support my work with like, thank you!❤️
New Zealand Dollar / U.S. Dollar | 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
New Zealand Dollar / U.S. Dollar
- Double Formation
* 0.58750 USD | Support Area
* 0.62250 USD | Resistance Area
- Triple Formation
* Angle 1 | A+ Set Up | Subdivision 1
* Neckline | Continuation Set Up | Subdivision 2
* 012345 | Wave 3 Ongoing + Pennant | Subdivision 3
Active Sessions On Relevant Range & Elemented Probabilities;
London(Upwards) - NYC(Downwards)
Conclusion | Trade Plan Execution & Risk Management On Demand;
Overall Consensus | Sell
WIF is about pump or dump?Hello people im just here to show you some good plans or something like opportunity haha
So please aware about capital management and always have some good stop losses on your positions!
Here we have wif with 2 scenarios but my main is breaking the triangle from top corner but if you see deeply you have M(double top) pattern completing haha
So what's your idea please write me:)
Sorry, I'm already short goldBros, the expected CPI disappointed me. And the original plan to buy gold at 2580 was stranded because gold did not fall back effectively, so I had to give up the original plan to buy gold.
Gold moved very strongly today, with both bulls and bears fiercely competing around 2700. But for now, after gold continued its rebound to the 2700-2705 area, it did not usher in explosive emotional buying, and the price of gold did not rise sharply. Instead, it has been fluctuating in the 2700-2705 area. In the fierce game between long and short sides, the short force is not completely without opportunities, so since there is no opportunity to participate in the long gold, we might as well prepare in advance to see the decline and retracement of gold.
In addition, from the perspective of candlestick charts, even if gold continues to rise, it needs to build a W-shaped structure in the structure to support the continued rise of gold. Therefore, in the short term, gold still needs to fall back!
Bros, I have already shorted gold in the 2700-2705 area. Do you think gold will pull back? If you want to learn more detailed trading ideas and get more trading signals, you can choose to join the channel at the bottom of the article to make trading no longer difficult and make making money a pleasure!
Goldman Sachs | 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
# Goldman Sachs
- Double Formation
* 012345 | Wave 1&2 | Subdivision 1
* Flag Structure | Uptrend Bias
- Triple Formation
* Top Bottom Structure(Neckline At 573.00 USD) | Subdivision 2
* 345 Template | Trend Developing Entry | Subdivision 3
* Trend, Behaviour & Entry
Active Sessions On Relevant Range & Elemented Probabilities;
London(Upwards) - NYC(Downwards)
Conclusion | Trade Plan Execution & Risk Management On Demand;
Overall Consensus | Buy
Algorand / USD | 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
# Algorand / USD
- Double Formation
* 0.1650 USD Support Area | Break Out | Subdivision 1
* 012345 | Wave 3)) Ongoing
- Triple Formation
* Pennant Structure At 0.3110 USD | Subdivision 2
* Neckline | Bottom Structure At 0.5000 USD | Subdivision 3
* Trend, Behaviour & Entry
Active Sessions On Relevant Range & Elemented Probabilities;
London(Upwards) - NYC(Downwards)
Conclusion | Trade Plan Execution & Risk Management On Demand;
Overall Consensus | Buy
The only chance to short gold!As I said in my last article, I planned to buy gold with the 2670-2660 area as support, but gold did not fall back to 2670, not even to 2671, so unfortunately gold did not reach our buying area.
Currently, gold has risen to around 2690. Obviously, it is not a good idea to chase gold near this position, and it faces resistance in the 2695-2700 area. I think even if gold breaks through the 2695-2700 resistance area, it will retreat because it needs to accumulate upward momentum. So anyway, I will try to short gold here once.
Am I the only one who takes the risk of shorting gold in the entire network? Will you try to short gold in this position area? If you want to learn more detailed trading ideas and get more trading signals, you can choose to join the channel at the bottom of the article to make trading no longer difficult and make making money a pleasure!
Clorox ( 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
# Clorox ( Extended Hours)
- Double Formation
* A+ Set Up | Uptrend Bias | Subdivision 1
* Neckline Range Structure At 135.00 USD
- Triple Formation
* Retracement 1&0 | Uptrend Continuation | Subdivision 2
* Flag Structure | Long Set Up| 185.00 USD
* Trend, Behaviour & Entry | Subdivision 3
Active Sessions On Relevant Range & Elemented Probabilities;
London(Upwards) - NYC(Downwards)
Conclusion | Trade Plan Execution & Risk Management On Demand;
Overall Consensus | Buy
Humana(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
# Humana(Extended Hours)
- Double Formation
* A+ Set Up | Downtrend Area At 410.00 USD
* Resistance | Retracement Area | Subdivision 1
- Triple Formation
* Pennant Structure | Break Out At 270.00 USD
* Neckline | (1) Retracement Area | Subdivision 2
* Trend, Behaviour & Entry | Subdivision 3
Active Sessions On Relevant Range & Elemented Probabilities;
London(Upwards) - NYC(Downwards)
Conclusion | Trade Plan Execution & Risk Management On Demand;
Overall Consensus | Neutral
Boeing Stock Short-Term Short TradeTrade Details:
Entry Price: Shorted at $165.
Pattern Identified: Double Top formation at the $165 level.
Neckline Break: Price broke below $162.38, signaling potential further decline.
Confirmation Zone: Watching the $158-159 range for additional bearish confirmation.
Analysis:
The double top pattern indicates a possible reversal from recent highs. The break below the neckline at $162.38 suggests increasing bearish momentum. A move into the $158-159 range may confirm the downward trend.
Trading Plan:
Stop Loss: Set above $165 to limit potential losses.
Target: Aiming for profits if the price continues to drop below $158.
Time Frame: This is a short-term trade focusing on quick market movements.
Continue to buy goldAs I mentioned in my last article, gold will continue to rise. We went long on gold near 2662 in the last transaction and closed the transaction by hitting TP: 2676 for profit, easily earning 140 Pips, a very successful transaction!
At present, gold has risen to a maximum of around 2679, breaking yesterday's high in one fell swoop. The hourly level M top suppression has been ineffective, and the rising pattern remains intact. At present, gold still has the momentum and space to continue rising, so gold may still rise or even try to touch around 2690. , then we can just follow the trend and go long gold in trading.
Of course, we can't chase gold directly, but because gold has a small retracement space during the rise, we can't expect too much retracement before going long on gold, and the short-term support area has moved up to the 2670-2660 area, so we can go long on gold based on this support area.
Bros, do you continue to be bullish on gold with me? If you want to learn more detailed trading ideas and get more trading signals, you can choose to join the channel at the bottom of the article to make trading no longer difficult and make making money a pleasure!
POV: MAHASEAMLES - DROP - BASE - RALLYPOV: MAHASEAMLES - DROP - BASE - RALLY
Chart Reading:
Background:
On December 3rd, I entered this stock at a swing high breakout after observing the following parameters:
1. A Double Bottom pattern (A1 - A2) formed at the Fibonacci 0.618 level.
2. This was followed by a Double Top pattern (B1 - B2).
3. Momentum and trend aligned perfectly, indicating synchronization.
This entry provided the expected move with unexpected speed, reaching Target 1.
Today, I observed another significant pattern currently forming: DROP - BASE - RALLY.
If the upcoming session gives a pullback before crossing the gap zone,
it would present a strong setup to aim for the pattern target and Target 2.
For educational purposes only. This is not financial advice. Please consult a professional before making financial decisions.
#NiVYAMi
GBPUSD Short On Higher US CPITrade idea
Continue longer term GBPUSD downside with diverging macroeconomic data's and central bank policy. Entering trade if USD CPI comes in higher to support USD strength.
Fundamentals
GBP - The BoE has cut rates from the high of 5.25% to the current rate of 4.75% with more MPC members voting for a cut than anticipated. Inflation is holding around the target rate, currently at 2.3% with an increase in unemployment to 4.3% (previously 4%). PMI's and GDP have also seen lower readings in recent months, all of which supporting the continuation of the BoE's rate cutting cycle.
USD - The FED has been matching the BoE with the pace of the interest rate cuts but they have continued to stress the fact that they are data dependant and will hold rates if necessary. The hawkish undertones and the effects of the "Trump trade" had seen USD strength considerable over recent weeks. US CPI has increased from 2.4 to 2.6% with tomorrows release due to rise again, NFP increased more than expected along with PCE and PPI.
Trigger - Along with the technical setup below, I will be looking for the potential to place a short order beneath technical levels ahead of the US CPI. If this data comes out stronger to further support the GBPUSD short the order will be triggered. If CPI is softer, the order will be cancelled.
Technical Setup
4hr
- Clear trend lower with 200 EMA confirming trend direction
- Retracement back into a 50-61.8% fib level, 1.28000 psychological round number
- 200 EMA acting as dynamic resistance
- Weekly volume profile cave filled and acting as resistance
1hr
- Counter trendline and channel with price most recently failing to reach the channel high, possibly indicating counter trend weakness.
- Unconfirmed double top price pattern, breakout lining up with counter trendline
- 14 period RSI showing bearish divergence
Order placement will be below counter trendline breakout ahead of CPI release with the stoploss behind the swing high and a target at the recently swing long with potential to extend.
If the level breakout before CPI wait for entry, if CPI comes in lower than expected remove order.
GnonReady for pump again...
Hello, with the breaking of the trend line, it will reach the ceiling of the channel, and with the breaking of the ceiling, a big pump is on its way. This currency is very risky and you must accept the risk.
SGDJPY - ShortSimple setup, easy to trade.
Double top with bearish divergence.
But again, patterns don't work all the time, so a good Risk management is always necessary.
