Get started

Double Top or Bottom

Bitcoin - DOUBLE TOP Weekly TimeframeA Double top in the weekly timeframe is never a good sigh - however, all is not yet lost. One final pattern remains to be seen - and that is the Bump and Run method. Perhaps we can bump that diagonal support around 65k, retest the bulls' determination - and then make the final impulse wave up. There is a fakeout observed on Dogecoin as well, and alts that have increased alongside BTC over the past week will likely fall pretty hard IF Bitcoin cannot keep closing ABOVE 65K. ______________________ BINANCE:BTCUSDT
by CryptoCheck-
4
EURUSD TREND BASE SALE EURUSD BUY ENTRY 1.08217 SL 1.0840 TP 1.0763 The daily market trend is bearish, forming lower lows (LL) and lower highs (LH). On October 22, it broke the support level, created a new low, and is now retesting that support, which is being viewed as resistance after the breakdown. In the 1-hour timeframe, the market has formed a double-top trading pattern. The pattern's neckline broke to the downside with the start of the London session. A trade was taken on the retest of the neckline
Short
by ArtOfTrading33
SILVER BUY XAGUSD(SILVER) BUY ENTRY 33.79 SL 33.37 TP 34.29 , 34.46, 34.73 AND 34.84 The market trend is highly bullish, having made an all-time high over the last 10 years. This week, it broke its last resistance to the upside and is now retesting that resistance, which has turned into support after the breakout. On the 1-hour chart, the market has formed a double bottom pattern, and the neckline of the pattern has been broken to the upside. We will take the trade on the retest
OANDA:XAGUSDLong
by ArtOfTrading33
OCTAOcta is currently following a strong bullish trend. The opportunity it represents cannot be quantified theoretically, but as investors, we could set goals to take profits or simply follow the trend until it ends. Currently, we have a double bottom at the Fibo 0.78 level on the weekly chart, which still needs to be confirmed. This zone represents a potential support that could push the price of the asset to new highs. However, there is a risk of a wick reaching the previous low of this bullish trend. Therefore, we will observe the weekly close this week and examine the detailed daily reactions to make a decision on this asset. Remember that, regardless of your decision to enter this bullish movement, it’s essential to set a stop-loss below the previous low to effectively protect your capital.
Long
by mrsim1920
2
HAL Analysis!Double Bottom Pattern with an RSI Divergence in HAL on a Daily Timeframe! Double Bottom Pattern Formation in NSE:HAL ! Neckline Breakout in HAL! Analysis: HAL has made a Double bottom pattern on a daily timeframe after its downtrend so the trend is most likely to change. As we can see price made falling bottoms but RSI has made rising bottoms so there is a clear divergence as I have indicated in the chart. We also can see the optimum volume during the breakout and also the stock is retesting its new support. Trade Setup: Refer to the Analysis and make your own decisions as per your Risk to Reward Ratio Disclaimer: Consider my analysis for Educational Purposes only. Before entering into any trade - 1) Educate Yourself 2) Do your research and analysis 3) Define your Risk to Reward ratio 4) Don't trade with full capital
NSE:HALLong
by Avinash9087
2
Dollar Index Consolidation: Will NFP Trigger an Upside Breakout?Since its recent touch on the support zone back in August, the U.S. Dollar Index ( TVC:DXY ) has entered a period of consolidation, characterized by multiple attempts to break through this critical support level. Despite several instances where the price briefly dipped below the technical support zone, each time, the market witnessed a strong reversal, with bulls stepping in to defend the level successfully. From my perspective, we are nearing a potential upside reversal, and the upcoming Non-Farm Payroll report on Friday could serve as the catalyst for this move. Currently, 102 is the key level to watch for confirmation of an upward breakout. Should the DXY break above this threshold, the next reasonable target would be around 104, marking a significant bullish shift in momentum.
Editors' picks
TVC:DXYLong
by Mihai_Iacob
15