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Double Top or Bottom

The golden counterattack is coming!As expected, gold rebounded with the support of 2880-2870 area, and has now rebounded to above 2893. Don't worry for now, gold still has room to rise. Don't be anxious for now, gold still has room to continue to rise. We insisted on buying gold on dips yesterday and have accumulated a lot of cheap chips. Now it seems to be a wise choice. I clearly pointed out yesterday that the decline of gold this time is only to cooperate with the recent low of 2830 and successfully build a "W" double bottom structure. After confirming the support and building the "W" double bottom structure successfully, gold will continue to rise. Through the candle chart, we can clearly see that in the process of seeking support this time, gold just fell back to the 50% retracement level (50% retracement level from 2830 to 2930). At present, gold has confirmed the support and successfully built the "W" double bottom structure, which will support the rise of gold and provide good conditions for gold to break through the resistance near 2930 above, and even hope to try to hit the previous high near 2955. Bros, I am glad that we are holding a lot of cheap chips now. These will be the chips that will bring us huge profits. Let us hold them together.Did you join me in taking the opportunity and going long gold?Trading means that everything has results and everything has feedback. I have been committed to market trading and trading strategy sharing, striving to improve the winning rate of trading and maximize profits. If you want to copy trading signals to make a profit, or master independent trading skills and thinking, you can follow the channel at the bottom of the article to copy trading strategies and signals
OANDA:XAUUSDLong
by Trader_Marvin
Gold Breakdown – Bearish Momentum Taking Over?Gold (XAUUSD) has shown clear signs of weakness after multiple failed attempts to break above resistance. The descending trendline acted as a strong dynamic resistance, leading to a sharp sell-off. The projected path suggests further downside movement, with increasing bearish momentum. 📊 Technical Breakdown: ✅ Rejection at Resistance: Price failed to break above the key resistance area, confirming a bearish structure. ✅ Lower Highs Formation: A series of lower highs indicate sellers are gaining control. ✅ Trendline Holding Strong: The curved descending trendline has successfully rejected price action multiple times. ✅ Breakdown Underway: The recent drop confirms sellers stepping in aggressively. 📉 Possible Targets: 1️⃣ Next Key Support: $2,850 - $2,820 zone could act as a short-term demand area. 2️⃣ Deeper Selloff: If momentum persists, a drop toward $2,780 is on the table. 📢 Trading Plan: 🔹 Bearish Bias: Look for pullbacks toward resistance for potential short entries. 🔹 Bullish Reversal? Only a sustained break above $2,910 would shift the bias. ⚡ Do you see Gold dropping further or reversing soon? Comment below! #XAUUSD #Gold #Trading #TechnicalAnalysis #Forex #Metals
OANDA:XAUUSDShort
by MangoMan4
Double Bottom pattern: A bullish reversal signal The Double Bottom pattern is a classic reversal formation that signals a potential trend change from bearish to bullish. It occurs after a prolonged downtrend when price forms two distinct lows at a similar level, indicating strong support. How to Identify: ✔️ Two Lows: Price touches the same support level twice, forming a "W" shape. ✔️ Resistance Breakout: The neckline (resistance level) marks the breakout zone. ✔️ Trend Reversal Confirmation: Once price breaks above resistance, momentum shifts bullish. Interpretation: In this chart, we see a clear bearish trend, followed by two attempts to break below the same support level. After failing to break lower, buyers regained strength, pushing price above resistance, confirming the bullish reversal. Once resistance turns into support, traders often enter long positions, targeting higher levels. What’s Next? A sustained breakout could fuel further upside momentum. However, watch for potential false breakouts and retracements back to support before continuation.
CME_MINI:NQ1!Long
by SmartSignalss
BTC/USD Key SupportBTC is hitting key support at just under $80,000 This is a good opportunity to expect a rebound back up to $100,000. Double bottom formation coming in nicely. Currently entering into my position and watching for a break under. Will keep stop tight as there is a fear of an extreme trend and sell off taking hold. Economic uncertainty and emotional buying and selling in today’s market can drive price in either direction HEAVILY. This being said i am currently looking for entries at major buy/sell areas and keep stops tighter than I normally would while also leaving room to leverage deeper into a trade under trending conditions. Best of luck to you all and trade safe!
COINBASE:BTCUSDLong
by Nicholas_k
1
Gold is about to take off like a rocket, boldly go long gold!Bros, don't have any doubts about the rise of gold. Gold is just accumulating upward momentum during the shock process. Once the shock ends, gold will take off like a rocket. In the short term, gold has tested the support of the 2900-2890 area many times and has never fallen below, confirming that the support in this area is effective. In addition, the candle chart forms multiple long lower shadows in the short period, indicating that the gold price refuses to fall, which will attract more off-market funds to buy gold. In this market, the longer the gold shock time, the higher the increase, so please relax and let us look forward to the gold rocket taking off! The first target in the short term is 2920. Once gold stands above 2920, gold is bound to reach 2930, and it is even expected to continue to rise to 2955 Trading means that everything has results and everything has feedback. I have been committed to market trading and trading strategy sharing, striving to improve the winning rate of trading and maximize profits. If you want to copy trading signals to make a profit, or master independent trading skills and thinking, you can follow the channel at the bottom of the article to copy trading strategies and signals
OANDA:XAUUSDLong
by Trader_Marvin
What is Double Top or Double Bottom and how it works?Hello in this educational content we are talking about one of the major reversal pattern in market or maybe even the most important reversal pattern which is exist. Double Top: Like the pattern mentioned on the chart now double Top is made by two reject from resistance but it is complete when the support or neckline of this two top break and then the pattern is complete and we can say this is a valid double Top and market now can get correction and get bearish. here is chart & example take a look at Two kinds of Double Top available in my View: As we can see sometimes price even made fake breakout to the upside or downside of the pattern and in these kinds of situation we can expect more fall if we had Advance Double Top because the liquidity was more at the beginning of second phase rejection. We also have other Strong Reversal patterns like Head & shoulders and ... which you can mention them in comments or we may have another live post for them in next Educational posts. most of You know about Regular Double top or Double Bottom and in this Educational post we mention some data about Advance form of it too and also so many know this form as regular form and consider this fake breakout a sign of good double Top and .... Double Bottom is the same like the Double Top but reverse(This time support can not break two times and price after breaking neckline or resistance start to pump and bear market turn to bullish with Double Bottom). DISCLAIMER: ((Always trade based on your own decision))-----this post is not signal content or analysis and just Try to talk about an important Reversal pattern with Example which happened also on Bitcoin in previous days in my Opinion. <<press like👍 if you enjoy💚
Education
by MMBTtrader
22
$SOL Trying For W Patter ReversalTHE MARKET REALLY WANTS TO GO UP. Stronger coins, such as CRYPTOCAP:SOL keep putting in higher lows. If we close above the EMA9 on the Daily that will be really telling. A bit premature to call a reversal, but I’ve been speculating on this W reversal pattern forming since Trump announced the Crypto Strategic Reserve. 

Perfect setup for that. The lack of liquidity is the only thing holding back the reversal and reason for the pump n dumps on every bit of news.
CRYPTO:SOLUSDLong
by jonnieking
5
BTCUSD – Descending Broadening Wedge With Key Buy ZonesBitcoin is trading within a Descending Broadening Wedge on the 6-hour timeframe, a pattern that typically signals increasing volatility before a potential breakout. The price is fluctuating between two diverging trendlines, with several critical buy levels forming along the structure. Descending Broadening Wedge Resistance Breakout at 94,543 The upper boundary of the wedge, around 93,000 to 94,500, serves as dynamic resistance. If Bitcoin pushes through this level, it could trigger a breakout toward the first target at 108,000 and possibly extend to 124,407. Volume has been increasing near resistance, indicating strong market participation. Ascending Trendline Rebound at 84,536 This level aligns with an ascending support trendline inside the wedge. Bitcoin has previously bounced from similar trend structures, making this an important zone to watch for a potential reaction. Double Bottom Possibility at 79,006 The 79,000 level has acted as support in previous price movements, creating a possible double bottom scenario. If the price stabilizes here, it could be an early sign of trend reversal within the wedge. Descending Broadening Wedge Support at 75,092 The lower boundary of the pattern, around 75,000, remains a major support level. This is where previous downward movements have found buying interest, making it a crucial point for potential price reversals. Stop Loss at 69,000 to 68,000 A drop below this range would indicate that the wedge structure has failed, opening the possibility for further downside movement. Bitcoin remains within a widening consolidation phase, with increasing volume showing heightened market activity. As long as the price respects the wedge boundaries, these key levels present potential opportunities for positioning ahead of a breakout.
COINBASE:BTCUSDLong
by DNP-FX
Bitcoin: Mastering the Art of Resistance and SupportBitcoin recently broke below a 105‐day trading range, anchored by the critical 90K level. After the breakdown, it found support around 80K, prompting a sharp rebound back toward the previous range. This rebound, however, was short‐lived: BTC tested 95K, then quickly retraced, only to rally again toward 90K, where it trades at present. Overview of BTC’s 105‐Day Range Break and Retest: Yearly Open at $93,576: This is the single most important level to watch. Price currently sits below the yearly open, suggesting that, for now, bears hold the upper hand. If bulls cannot reclaim this threshold, the yearly candle remains vulnerable to turning red. 90K–95K Resistance Zone: With Bitcoin failing to sustain gains above 95K, this band becomes a natural focal point for potential short entries. Bears are expected to defend this region aggressively. The question: Where do we go next? Let’s break down both the resistance (short setup) and an upcoming support zone (long setup), incorporating a variety of confluences—from volume profiles and trend lines to Fibonacci retracements and pitchfork alignments. 1. Resistance Analysis & Short Thesis 1.1. Double Top Target at $72,800 A double top pattern has formed, suggesting a measured‐move target near $72,800. While not a guaranteed endpoint, this target serves as an early directional clue. Price could still find support at higher levels, so we use this only as one piece of a larger puzzle. Double Top Pattern with $72,800 Target: 1.2. The 105‐Day Trading Range & Retest Bitcoin spent over 100 days ranging between roughly 90K and 105K. The downside break turned that prior range into a new resistance zone—specifically 90K–95K, with an even stronger cluster up to $96,418 (Point of Control from that range). Fixed Range Volume Profile: The POC (Point of Control) from this 105‐day period lies at $96,418.05, further extending our resistance zone. Price retesting anywhere between 90K and the POC around 96K sets up potential short entries. Fixed Range Volume Profile Showing POC at $96,418.05: Stop Loss Guidance: Given the possibility of wicks or “stop hunts,” a safer invalidation point sits above 98K. That buffer allows the trade room to breathe without prematurely stopping out on minor spikes. 1.3. Daily & Weekly Moving Averages In addition to the above factors, both the daily 21 EMA/SMA and the weekly 21 EMA/SMA are converging in the 90-92K region, acting as additional resistance. 1.4. Bearish Trend Line & Pitchfork Alignment Bearish Trend Line: Connecting the all‐time high at $109,588 and the swing high at $106,457.44 yields a downward sloping line. This trend line has already acted as resistance near 100K on February 21. Pitchfork (Modified Schiff): Anchoring from the all‐time high (109,588) to the swing low (97,777.77) and back up to 106,457.44 confirms the same bearish trajectory, aligning neatly with the trend line around 95K. Bearish Trend Line & Pitchfork Convergence Around 95K: 1.5. Monthly Order Block & Fibonacci Confluence Monthly Order Block: Spanning from the yearly open (93,576) up to the POC (~96,418), this monthly order block forms a substantial supply zone. Price often gravitates toward the median line of an order block, which sits near 94–95K. Fibonacci Retracement (0.786): From the swing high at 99,475 (Feb 21) down to the low at 78,258.52, the 0.786 retracement is at 94,934.67—almost exactly the median line of the monthly order block. Monthly Order Block, Median Line, and 0.786 Fib at ~94,934.67: When price rallies swiftly to the 0.786 for the first time, it often presents an ideal short entry—especially under a confluence of bearish signals: 2. Short Trade Setup: Laddering In & Out 2.1. Scaling In (Entries) We allocate $25,000 (from a $100,000 account) and ladder our entries from 89,736 up to 96,206: Short Trade Laddered Entries: Stop Loss: $97,560 (slightly below the higher “breathing room” area of 98K). Max Risk: Approximately $1,028.16 (about 4.11% of the GETTEX:25K position, or 1.03% of the $100k account). 2.2. Scaling Out (Exits) We plan to take profits in increments as price drops, aiming for an average exit around $79,822.10: Potential Profit: Approximately $3,704.16 on a $25,000 position, which is +14.82% (or +3.70% of the $100k account). Risk‐to‐Reward Ratio: 3.60, an attractive R:R for a swing trade. 3. Support Analysis & Long Thesis Having addressed the downside retest and short scenario, let’s turn to potential support where Bitcoin might reverse for a long trade. 3.1. Double Top Target & 5‐Wave Structure The double top projected target near $72,800 aligns with a broader Elliott Wave possibility, where BTC may have completed a 5‐wave structure from the low at $15,476 to the all‐time high at $109,588. A typical Fibonacci retracement of this 5‐wave move suggests the 0.382 level at $73,637.22, which sits near a notable swing high of $73,777—coincidence? 5‐Wave Structure & 0.382 Fib Retracement at ~$73,637: 3.2. Monthly Bullish Order Block & Further Fib Confluence Monthly Bullish Order Block: Located around $71,280, historically a place where buyers have stepped in. Fib Retracement (49K to 109K): The 0.618 retracement lands at $72,144.62, adding further confluence around the 72–73K zone. Taken together, we begin to see a support band forming between $73,777 and $71,280. Monthly Bullish Order Block & 0.618 Fib ~$72,144.62: 3.3. Fib Speed Fan & Bullish Trend Line Fib Speed Fan (0.7): On higher timeframes, the 0.7 fan lines up with the same 71–73K region if BTC dips this month. Bullish Trend Line: Connecting the lows at 49K and 52,550 also aligns with this zone, reinforcing the idea that a cluster of support awaits if price slides that far. Bullish Trend Line & Fib Speed Fan ~$71–73K: 3.4. Potential Long Trade Setup Entry Range: Ladder in from 76K down to 71K (or adjust according to personal risk appetite within that 73–71K zone). Stop Loss: Below 70K, providing sufficient buffer. Target: At least the monthly open ($84,350), or higher if momentum supports a stronger bounce. Risk‐to‐Reward (R:R): Aim for 2:1 or better, depending on exact entries and the final target. 4. Summary Short Trade: Resistance Zone: 90K–95K, extending up to $96,418 (POC) and with the daily/weekly 21 EMA/SMA acting as additional resistance in the 90-92K region, plus a stop‐hunt buffer above 98K. Laddered Entry: GETTEX:25K allocated, averaging around $93,706, with a stop near $97,560. Scaling Out: Average exit near $79,822, netting a +14.82% gain on the position (+3.70% on account). R:R: 3.60—solid for a swing setup. Long Trade: Support Zone: Between $73,777 and $71,280, with multiple Fibonacci and structural confluences. Laddered Entry: Potential DCA from around 76K down to 71K, with a stop under 70K. Target: At least $84,350 (monthly open), likely offering a 2:1 or better risk‐to‐reward. Sharp moves up or down have been the norm lately, often gravitating to the 0.786 fib retracement on each leg, so remain vigilant for sudden volatility. Ultimately, flexibility is key. If Bitcoin reclaims the yearly open at $93,576 and pushes decisively above 95–98K, the bearish case weakens. Conversely, a significant drop below 80K brings the deeper support zone near 73–71K into sharper focus. Always be prepared for shifts in market conditions—confirm each setup with multiple indicators and chart patterns before entering any trade. Stay up to date with evolving market dynamics and adjust your strategy accordingly. Happy trading! P.S. If you have any coin requests, feel free to share them in the comments. I will be selecting one or two for the next technical analysis.
Short
by SiDec
8
BTCUSD – Head & Shoulders Confirmed?In my previous analysis ( ), I outlined a potential Head & Shoulders formation that could lead to a bearish move. So far, price action has followed this structure accurately. Key Developments: ✅ The right shoulder seems to be forming as expected. ✅ Price grabbed liquidity above $92,500 before reacting downward. ✅ A double top has formed, adding further bearish confluence. What’s Next? If the market respects this pattern, a break below the neckline could confirm a continuation lower, with a potential target at $59,117 , aligning with the full Head & Shoulders projection. Conclusion: So far, this setup is playing out perfectly. If bearish pressure continues, we could see a deeper decline. However, a sustained move above $95,150 would invalidate this scenario. 🔔 Do you see BTC following this path, or do you expect a bullish surprise? Drop your thoughts below!
INDEX:BTCUSDShort
by ProcessAndIntercept
Unswervingly short goldRecently, gold was rejected at 2930, then rejected near 2925, and today gold was rejected again near 2920. From this point of view, the resistance area of ​​gold moves down, and the high point drops accordingly. If gold is repeatedly rejected near 2915 next, then gold will have more room to fall. This is also the reason why I advocate shorting gold recently. At present, I still hold a short position in gold and look forward to the performance of gold and its fall back to the 2880-2870 area, or even 2860. Bros, only by following the right people can you execute the right transactions and master the skills to make money. If you want to master independent trading skills and thinking while copying trading signals and making stable profits, you can join the channel at the bottom of this article to liberate your trading talent!
OANDA:XAUUSDShort
by Trader_Marvin
USDJPY & NFP Preview: Key Levels & Market ImpactThe USDJPY has dropped more than expected since our last update, and now, with Non-Farm Payrolls (NFP) on the horizon, the pair is back in focus. A weak NFP report could push USDJPY lower, especially with Japan's tightening stance and global trade tensions weighing on the dollar. In this video, we break down key technical levels, fundamental drivers, and trading strategies. Watch now and leave your thoughts in the comments! 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
Short
by ThinkMarkets
Double Top Trading Pattern: A Classic Reversal SetupHello, Traders! 👋🏻 Have you ever noticed a market attempting to break through the same resistance level twice, only to fail both times? This formation is known as the double top pattern and often signals a potential bearish reversal. But is a double top bullish or bearish across all markets? Let’s dive into the meaning of the double top pattern and how to identify it on your charts! What Is a Double Top? 👀 A double top is a chart formation where the price reaches a high, pulls back, and then rallies again to the same or a very close high but fails to break through. This second failure to surpass the previous peak suggests buyers are losing momentum, paving the way for a potential downtrend. Key Points of the Double Top Chart Pattern: Two Prominent Highs: The peaks are usually at similar price levels. Neckline (Support Level): The interim low between the two peaks forms a support line. Bearish Sentiment: When the price breaks below the neckline, it confirms a potential trend reversal to the downside. Is a Double Top Bullish or Bearish? The double top pattern is bearish because it signals that the uptrend is weakening and sellers are gaining control. After the neckline breaks, it often results in a significant price drop. Key Features of a Bearish Double Top Pattern The Two Peaks Are Nearly Equal in Height. Volume Declines on the Second Peak, Showing Reduced Buying Pressure. A Breakdown Below the Neckline Confirms the Pattern and Triggers the Downtrend. Advantages of a Double Top Pattern Clear Trend Reversal Signal: A double-top chart pattern visually indicates a potential shift from an uptrend to a downtrend. Defined Resistance Level for Risk Management: The two peaks at similar price levels create a strong resistance zone. This allows traders to place Stop-Loss orders effectively and set profit targets with more confidence. Volume Confirmation for Stronger Signals: During a valid double top trading pattern, volume often decreases as the second peak forms and increases when the neckline breaks. This helps confirm the authenticity of the breakout and strengthens trade decisions. Favorable Risk-Reward Ratio: Because the expected price drop is often equal to the pattern's height, the potential reward is typically larger than the initial risk. This can make the double-top pattern an attractive setup for risk-management-focused traders. Disadvantages of a Double Top Pattern Not Always Reliable (False Signals): Like any technical pattern, the double top can fail, leading to false breakouts. Prices may temporarily create two peaks but then continue upward instead of reversing. Subjectivity in Pattern Recognition: Traders may interpret the double top pattern meaning differently based on variations in peak height, neckline positioning, or symmetry. This subjectivity can lead to inconsistent trade execution. Variations Across Different Markets: Not all double top chart formations look the same. Some may have uneven peaks, wider time frames, or irregular structures, making setting precise entry and exit points harder. Limited Profit Potential in Some Cases: While the projected price drop is based on the pattern's height, market conditions may prevent the price from reaching the expected target. Final Thoughts: Why the Double Top Pattern Matters The double top chart pattern is a bearish reversal signal that helps traders identify when an uptrend is losing momentum. So, traders, have you ever caught a double top trading pattern before a major price drop? Your experiences and strategies are valuable to the trading community. Share them in the comments and let's learn from each other!
Education
by WhiteBIT