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Double Top or Bottom

GOLD in Double Top PatternHello traders! Today, I have an idea for Gold, which has formed a pretty clear double top pattern. Here's some info on how to trade this pattern: 1) We can open a position after crossing the support line, but be careful; a retest is also possible. If we get a retest, I will open the position from the highest low. 2) Place the stop loss around $2330, according to the continuation of the movement. The TP area is in the green box. 3) Use leverage of 5-10x. Risk not more than 5% of your deposit. IMPORTANT! Always follow your RM strategy! What are your thoughts on this double top, guys?
CAPITALCOM:GOLDShort
by SheTradesHub
USD/CHF: Potential ReversalThe USD/CHF currency pair has exhibited divergence with the Dollar Index and has itself surged to the weekly block. Therefore, it is anticipated that this upward movement has been executed for dollar distribution, ultimately leading to a downward movement towards liquidity levels at the bottom. The probable target is the daily rejection block. There are liquidity levels that have not yet been touched above the ceiling of 0.9102, and it would not be surprising to see another sharp movement towards it.
Short
by sir_eric98
TRU Surprise 200 %A double bottom pattern has formed on the weekly chart. A pullback towards the $0.101 support zone could confirm the activation of the double bottom. If the price breaks above the resistance level of $0.227, the next targets could be $0.415 and then the range of $0.678 to $0.817. 200% Growth Potential: Do you think we will grow by 200%? This analysis is for informational purposes only and should not be considered investment advice. Please conduct your own research and consult a financial advisor before making any investment decisions.
Long
by Crypto-Oracle1
2
Double Top on XAG/USD @ D1This double top pattern has formed on the daily chart of the XAG/USD pair (Silver) following a rather long bullish trend. It can be used as a downside breakout setup. The two tops are marked with the upper yellow line; the neckline is marked with the lower yellow line. My potential entry level is at the cyan line (10% of the pattern's height below the neckline). My potential take-profit level is at the green line (100% of the pattern's height below the neckline). My potential stop-loss is not shown on the chart and will be set to the high of the breakout candle or to the high of the preceding candle if the breakout one trades mostly outside the pattern's borders. I won't be trading a bullish breakout from this trend-reversal pattern.
OANDA:XAGUSDShort
by AndriyMoraru
Jasmycoin #JASMY Double Bottom, W pattern on verge of breakout.#Jasmy is mooning today. And is about to clear a key technical level. In what appears to be a W pattern / double bottom. Some analysts are calling for large price targets on this coin in the bull run. And indeed it may go on to reach those dizzying heights that it achieved last Bull Run. My inclination of any Altcoin that has been exposed to a previous crypto cycle, is to temper expectations and generally hope it can reclaim 0.618 fib retracements. With that being said I have not done any fundamental research on this coin. Much like many of the coins I highlight. I just look for good charts and have been hammering the need to accumulate, accumulate, accumulate for over a year now. That work should have been done. i.e. your bags should have been packed. And of the worse mistakes you can do now. Is flip flop, between your altcoins, as you see one moon whilst the other does nothing. This is a sure fire way to screw up this Bull cycle. Only if you have made money on a big cap coin, should u think of rotating. Otherwise stick to what you have.
CRYPTO:JASMYUSDLong
by BallaJi
9
BTC Double TopThe charts are showing us a double top on the weekly. We've had divergence on the daily, and now we are finally breaking down. We have a weekly level at 52K and a Monthly level at 42K. This is where I would be looking to rebuy in on a bounce until we confirm we have made a base of support to build and go higher. Don't HODL, take your profits and look for the next trade! Best of luck to you all. Comment: **disclaimer- anything mentioned in this forum is for information & educational purposes only and does not constitute investment advice. please talk to your investment advisor and do additional research and due diligence on your own before investing and making important investment decisions.- disclaimer**
COINBASE:BTCUSDShort
by TruePrimeOne
2