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Double Top or Bottom

GER40 | Pullback From High – Retesting Recent Breakout AreaPrice recently printed a new high at 24,336.23 and is now pulling back. It's currently hovering around the 24,104.39 zone — a minor price shelf that formed before the final push upward. This level is being retested and may act as a pivot for the next move. Support at: 24,104.39 🔽 | 23,900.00 🔽 Resistance at: 24,336.23 🔼 🔎 Bias: 🔼 Bullish: If price holds above 24,104.39 and shows bullish candles, a move back toward 24,336.23 could follow. A breakout beyond that high would signal continuation. 🔽 Bearish: A drop below 24,104.39 — especially with momentum — could push price back to the 23,900.00 level, and potentially deeper. 📛 Disclaimer: This is not financial advice. Trade at your own risk.
THINKMARKETS:GER40
by SPOT_FX
5/28 Gold Analysis and Trading SignalsGood morning everyone! Yesterday, gold saw a sharp downward move, and we profited well by trading short based on the double-top pattern. Yesterday, gold has reached the 3287 support area, and by the end of the U.S. session it rebounded slightly above 3300. Although the rebound lacks strong momentum, it does show that the support zone held on the first test. Whether the bulls can take back control depends heavily on today's follow-up strength. 📊 Key Technical Levels: If bulls break above and hold 3323–3336, a bullish reversal is likely; If the bounce is weak, short positions remain the preferred strategy; 4H support: 3268 Daily support: 3172 Before that, 3301–3275 also forms an important support zone; If price breaks below 3301–3275, especially under negative news impact, a drop to 3150 or even 3100 is not out of the question. 🗞 Key News Focus Today: Watch for May FOMC-related remarks during the U.S. session, which could become a catalyst for major market movement. 📈 Today’s Trading Plan: 📉 Sell in the 3342–3362 zone (strong resistance) 📈 Buy in the 3258–3248 zone (strong support) 🔁 Flexible intraday levels to monitor: 3336 / 3328 / 3319 / 3306 / 3295 / 3286 / 3274 / 3266 Stay sharp and combine technicals with key news events to make informed trades. Feel free to reach out if you need support — wishing you a profitable day ahead!
FOREXCOM:XAUUSDShort
by China_MsWang
GBPUSD returns to key level with compelling risk-rewardGBPUSD is back at a key level. We analyse the recent dip to 1.3439, explore trade setups with a strong risk-reward ratio, and compare EURUSD for added confirmation. Short-term strategy, long-term potential. 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.
Long
by ThinkMarkets
USEQUITIES – Rejection or Breakout at Key Resistance?After a strong recovery from April lows, US equities have climbed back into a major resistance zone around 4,555. Price recently retested the 4,435 level and bounced strongly, suggesting bullish momentum may be building. Support at: 4,435.04 🔽, 4,344.51 🔽 Resistance at: 4,555.95 🔼, 4,650.00 🔼, 4,760.00 🔼 🔎 Bias: 🔼 Bullish: Sustained break and daily close above 4,555.95, targeting 4,650 and beyond. 🔽 Bearish: Rejection from this resistance zone and a close below 4,435.04 could trigger a retracement toward 4,344.51 or lower. 📛 Disclaimer: This is not financial advice. Trade at your own risk.
FX:USEQUITIES
by SPOT_FX
XAUUSD Bounce Underway – Can Bulls Reclaim 3,363 Zone ?Gold is attempting a rebound after finding support near the 3,286.78 🔽 level, following a sharp pullback from the 3,363.46 🔼 resistance. The structure remains bullish on the higher timeframe, but recent weakness has created a short-term lower high. Price is currently caught between the 3,323.93 🔼 and 3,286.78 🔽 levels, forming a short-term range. Support at: 3,286.78 🔽, 3,246.06 🔽, 3,208.11 🔽, 3,162.25 🔽 Resistance at: 3,323.93 🔼, 3,363.46 🔼, 3,432.64 🔼 🔎 Bias: 🔼 Bullish: A break and hold above 3,323.93 could open the path for another test of the 3,363.46 level and possibly higher. 🔽 Bearish: Failure to reclaim 3,323.93 and a drop below 3,286.78 may shift momentum further downward, targeting 3,246.06 or lower. 📛 Disclaimer: This is not financial advice. Trade at your own risk.
FOREXCOM:XAUUSD
by SPOT_FX
1
Flying into the sun or about to get burnt?Market is about to reach all-time highs again. Many trade deals must have been made. Interest rates must have been cut. Wars must have been resolved. Personal debt must have come under control. Corporate debt must have been resolved. Wait, nothing has changed? Things are worse? Well why is the index about to hit new all-time highs? My take is a major fake out. We are about to set a double top as we complete a rising wedge pattern. The rising wedge. What began at the market bottom on 7 April, has remained bound in a channel. If the first pump up was an A followed by the declaration of the channel bottom as B, wave C has last over a month upward. We have wave 3 signals identifying wave 3 of C ending with the high on 19 May. Last week's dip was wave 4 and now we fly high this week. It is unclear if we actually make a new all-time high or fall just short. The below chart has 138.197% extension around 610.63. Inside wave C, my wave 1 was nine days long, and wave 3 was only 8. This points to wave 5 lasting less than 8 days. A common wave 1-3-5 duration in relation to wave 3 is around 114% for 1 and 50% for wave 5. The height of the rising wedge covers 66.82 points. This same distance should provide the first target bottom once we exit the channel, possibly as early as next week. Once the bottom falls, we then examine the double top pattern. Although the neckline stretches far backwards, the bottom is established at the 7 April low. The distance from the neckline to the all-time high in February provides the next possible minimum target bottom by taking this 131.43 drop and subtracting it from the neckline of 481.80. This puts the initial low around 350.37 sometime later this year or early next. There is a perfect storm of calamity brewing with zero resolutions in place or even planned. Do we finally drop or keep rising into the sun?
AMEX:SPYShort
by StockSignaler
1
This Hidden Altcoin Could Explode—But Only If THIS Level Holds!Yello Paradisers, have you seen what’s quietly brewing on REZUSDT? A high-probability bullish reversal setup is forming, and if this level holds, it could lead to one of the cleanest altcoin plays we’ve seen recently. This isn’t just about one signal—REZUSDT is showing a rare confluence of bullish indicators that deserve your full attention. 💎Currently, REZUSDT is moving within a descending channel while printing a bullish divergence on momentum indicators. At the same time, a textbook W-pattern has just formed, and what makes this even more significant is that it’s happening right at a support zone. This triple confluence—descending channel, bullish divergence, and W-pattern at support—is increasing the probability of a bullish breakout in the coming sessions. 💎From an entry perspective, those looking for more favorable risk-to-reward (RR) could benefit from a deeper pullback. That would offer a higher probability setup and tighter risk management. However, for aggressive or short-term traders, the current level still offers a 1:1 RR, which, while not optimal, is acceptable under strict trade management and position sizing. 💎That said, there’s a critical invalidation point that must be respected. If the price breaks down and closes a full candle below the support zone, it would invalidate the entire bullish structure. In such a case, the only professional move is to stay out and wait for cleaner confirmation or a better-developed setup. There is no room for hope in trading—only strategy and discipline. 🎖Strive for consistency, not quick profits. Trade smart, Paradisers. This setup could be a gift for the patient and a trap for the impulsive. The key is always the same—discipline, patience, and strategic execution. Stay sharp, stay focused, and keep protecting your capital. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise
USDCAD: Strong Bearish Confirmation ?! 🇺🇸🇨🇦 I see an important sign of strength of the sellers on USDCAD on an hourly time frame after a release of the today's US fundamentals. The price violated a support line of a horizontal range and is retesting that at the moment. I believe that the price may drop at least to1.374 level soon. ❤️Please, support my work with like, thank you!❤️ I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Short
by VasilyTrader
2
Double bottomDespite the strong quarterly results, the stock was penalized due to a lower outlook for Q2, a consequence of uncertainties surrounding tariffs, leading to a 20% decline. The price is reaching the weekly 200-day simple moving average (blue line) for the second time, coinciding with a long-term support level (also marked in blue), initiating the formation of a double bottom pattern. The first target is the light blue resistance area around $130 (+30%), where a potential confirmation of the double bottom could occur with a breakout of the neckline, followed by a further 25–30% increase
NYSE:DECKLong
by balinor
5/27 Gold Analysis and Trading SignalsGood afternoon everyone! Yesterday, gold fluctuated within the flexible trading zone, and we only executed a long entry near 3323, which brought decent profit. Today, gold opened with an upward move toward 3350, but quickly pulled back. The recent market shows a sideways consolidation, with the $3340 level acting as a key pivot zone: Below 3340: dense support areas Above 3340: resistance clusters In this context, any breakout without strong momentum can easily lead to capital flow shifts, causing false breakouts or rapid pullbacks, making trend continuation more difficult. 📉 Technical View: On the 30M chart, bearish momentum slightly outweighs bullish, and gold is likely to remain range-bound within the zone defined yesterday. 🗞 Fundamental Reminder: There are a few important U.S. economic releases during the NY session. Watch closely to see if they provide a clear directional push. 📈 Today’s Trading Plan: 📉 Sell in the 3366–3386 zone (resistance area) 📈 Buy in the 3278–3256 zone (support zone) 🔁 Flexible intraday levels to monitor: 3353 / 3341 / 3334 / 3317 / 3309 / 3296 / 3284 Trade with flexibility, beware of fake breakouts, and focus on NY session data-driven opportunities. Let me know if you have questions — good luck and happy trading!
FOREXCOM:XAUUSDShort
by China_MsWang
UNIUSDT: A Massive Bullish Move Loading… or a Trap?Yello, Paradisers! Is UNIUSDT finally gearing up for a major breakout, or is this just another fake move before a deeper correction? Let’s break it down. 💎UNIUSDT is currently trading within a descending channel, increasing the probability of an upcoming bullish move. The key support zone is holding strong, and we might be witnessing the early signs of a double-bottom formation—a classic reversal pattern. 💎However, confirmation is everything in trading. To increase the probability in our favor, we need to see: Bullish divergence, Bullish I-CHoCH (Internal Change of Character), Bullish reversal patterns such as a W-pattern or inverse head and shoulders from our support zone. 💎If UNIUSDT retraces further, we expect a bounce from the strong support zone—but again, we must wait for clear bullish confirmations before taking any positions. 💎The invalidation level? If price breaks and closes candle below the strong support zone, the entire bullish setup gets invalidated. In that case, we wait patiently for better price action before considering any new trades. 🎖Patience and discipline are key, Paradisers. Many traders will get trapped in bad positions, but those who wait for the right confirmations will be the ones making money. Trade smart & stick to high-probability setups only. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise
Is SUSHIUSDT About to Bounce or Break? Yello, Paradisers! SUSHIUSDT is setting up an intriguing scenario after reacting to a key resistance trendline. Let’s break this down: 💎If SUSHIUSDT shows a bullish I-CHoCH (Internal Change of Character) from the key support zone—previously a resistance level—it could signal a higher probability of a bounce. However, patience is key here; we need to wait for confirmation of a bullish I-CHoCH on lower timeframes to take action. 💎On the flip side, if the price experiences further drops or shows signs of panic selling, the best approach would be to wait for it to reach a stronger support zone. At that point, we’d need to look for bullish patterns such as A W formation or An Inverse Head and Shoulders on lower timeframes to stack the odds in our favor. 💎If the price breaks down and closes a candle below the strong support zone, it will invalidate the bullish thesis entirely. In that case, it’s smarter to wait for a clearer structure to develop before considering any entries. 🎖 Remember, Paradisers, disciplined trading is the only way to achieve long-term success. Avoid impulsive decisions and always prioritize confirmation over speculation. The market rewards patience and preparation—stay sharp, stay focused. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise
8
REZ/USDT – Potential Reversal from Tweezer Bottom | 1H Chart AnaREZ is showing early signs of a trend reversal on the 1-hour chart after forming a Tweezer Bottom pattern near a support zone. This pattern, combined with a bullish RSI divergence and a break of the downtrend line, suggests a possible shift in momentum. 🔹 Entry Price: $0.01378 🔹 Stop Loss: $0.01310 🔹 TP-1: $0.01467 🔹 TP-2: $0.01559 ✅ RSI is showing bullish divergence, indicating weakening selling pressure. 📌 Traders can watch for volume confirmation and manage risk accordingly. As always, take-profit levels can be adjusted depending on your individual risk-reward ratio or trade management plan.
Long
by Asif_Iqbal_chaudhary
Silver Double Top at Major Resistance – Bearish Breakdown📌 Overview: This chart shows a classic Double Top Pattern forming on the weekly timeframe for Silver (XAG/USD). Price has reached a multi-year resistance zone and failed to break above it twice, signaling potential exhaustion of bullish momentum and the possibility of a larger trend reversal. 🧩 Detailed Pattern Breakdown: 🔹 1. Double Top Pattern The double top is one of the most reliable bearish reversal patterns, formed when the market tests a resistance level twice and fails to break it, creating two rounded or sharp peaks. In this case: Top 1 and Top 2 occurred near the $35–36 zone, clearly marked as a major resistance level. This indicates strong selling pressure from that zone. 🔹 2. Major Resistance Zone The $35–36 price range has historically acted as a ceiling for Silver prices. It rejected price several times between 2021 and 2025. When this kind of level holds, it often precedes sharp corrections, especially when volume begins to drop and momentum weakens. 🔹 3. Rising Trendline Break After forming the double top, price broke down through a key ascending trendline, a sign that the bulls are losing control. The breakdown is further confirmed by a strong bearish candle, closing below both the trendline and a critical SR (Support-Resistance) Interchange zone. 🔹 4. Retesting in Progress Post-breakdown, the price action is now retesting the broken trendline and horizontal zone (~$28). This is a crucial moment: If Silver gets rejected here, it confirms the bearish breakout and signals entry for sellers. If it reclaims this level, the bearish setup could fail, and price might consolidate or resume uptrend. 🔹 5. SR - Interchange Zone This zone is marked because it acted as resistance during the 2022-2023 period, and then flipped into support in 2024. Currently, it’s being tested from below, making it an SR flip retest. These zones often become inflection points. 🔹 6. Black Mind Curve Support An important and unique addition is the “Black Mind Curve Support” – a curved dynamic trendline that has historically aligned with price retracements. The projected path shows that the curve and horizontal support (~$22.68) intersect, strengthening the significance of that level. 🔹 7. Measured Move & Target Based on the height of the Double Top pattern (approx. $10 range from top to neckline), the measured move places the target near $22.68, which matches both: Historical demand zone Curve support This alignment makes $22.68 a realistic and strong downside target. 🧭 Strategic Summary: Pattern Type: Double Top (Bearish Reversal) Key Resistance: $35–36 (Multi-year rejection level) Trendline: Broken (Bearish confirmation) Retesting Area: $28–29 zone (Watch for rejection) Downside Target: $22.68 (Confluence of support zones) Invalidation: Clean weekly close above $35 🔍 What Traders Should Watch: ✅ Bearish Candlestick Confirmation at the retest zone (e.g. bearish engulfing, shooting star). ✅ Increased volume on drop, confirming participation by larger players. 🚫 Invalidation signal would be a sustained move and close back above the resistance zone. ⚖️ Risk Management Tip: This pattern offers a high risk-to-reward ratio trade setup. Short entries on the retest with stop loss above $36 can provide substantial downside potential toward $22–23, especially in a commodity market prone to sharp retracements. 📌 Final Thoughts: Silver appears to be forming a clean double top reversal at a long-term resistance. If the current retest fails, a significant correction may follow, targeting the $22.68 level. This pattern, combined with key support-resistance dynamics and psychological zones, makes this setup worth monitoring for medium- to long-term traders.
OANDA:XAGUSDShort
by GoldMasterTrades
3
UK inflation surprise and US tax bill fuel GBPUSD breakoutGBPUSD just broke out. In this video, we explain how UK inflation and the US tax bill pushed it higher. We also look at the technical setup, the double top breakout, and the target at 1.4778. Will this rally last or is it a trap? 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.
Long
by ThinkMarkets