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Double Top or Bottom

5/9 Gold Trading SignalsLong time no see, my friends! My holiday trip is about to end. I attended two weddings during this trip, which was unforgettable! I hope that everything goes well for everyone during my absence! Gold has risen recently and returned to above 3400 again. Although it has fallen back in the past two days, the current technical level shows that the bulls are not over yet! This means that if there are friends who buy at high prices, they will have a chance to get out of trouble without doing other operations! From the current pattern, it is in the stage of triangle consolidation. It is necessary to pay attention to the resistance of the 3360-3382 range. If the price falls under pressure at this position, we need to observe the support of the 3300-3280 range to determine whether it can form a short-term double bottom pattern or a head and shoulders bottom pattern again, so as to support the bulls to run again. Based on the above analysis, today's trading suggestions: Sell in the 3364-3386 range Buy in the 3318-3302 range Flexible trading in the 3323-3362 range
FOREXCOM:XAUUSDLong
by China_MsWang
BONKUSDT: Bullish Setup Brewing! Are You In?#BONK is flashing strong bullish signals on the 1D timeframe: Double Bottom Pattern – A textbook reversal signal Break & Retest of Key Resistance – Now acting as solid support Price at CMP (Current Market Price) – In the ideal buy zone This confluence of signals suggests momentum is shifting in favor of the bulls. If volume kicks in, we could see a sharp breakout toward the next resistance levels. Trade Plan: Entry: CMP SL: 0.00000886 Target 1: 0.00002607 Target 2: 0.00003989 Always use proper risk management! What’s your view on #BONK? Bullish or Bearish? Drop your thoughts in the comments and let's discuss! Don’t forget to like and follow for more setups! #BONK #Crypto #Altcoins #TechnicalAnalysis #Breakout #DoubleBottom #TradingView
Long
by mudusir
2
AVAX Breakout: 33% Upside? Crypto Market Heating UpAVAX just broke out of an ascending triangle pattern with a potential 33% upside. In this video, we walk through the setup, risk management, and why this might still have legs. We also look at Bitcoin, Ethereum, and Solana to understand how correlated moves could affect altcoins like AVAX. Don't miss the key levels and timing to consider before it's too late. 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.
THINKMARKETS:AVAXUSDLong
by ThinkMarkets
bobet is ready to fry #bobet is showing a promising pattern. Historically, the 200-day SMA has acted as strong dynamic support and resistance — and it's being respected again. Recently, #bobet broke above the 200-day SMA. Before that, a clear double bottom formation appeared — a classic and powerful reversal pattern. Now, only one major barrier remains: the confluence of key horizontal resistance and the top of the descending channel. Watch trading volume — we've seen a noticeable spike in recent weeks, which adds weight to the move. Everything seems set for a new bullish trend. What we need now is a clean breakout above 25 TRY, a healthy general market, and a well-defined stop-loss. That’s it.
BIST:BOBETLong
by asharifan
LODHA - Bearish due to forming double Top pattern TECHNICAL INDICATORS - DOUBLE TOP PATTERN formation - NSE:LODHA has formed a double top pattern indicating strong downward pressure for the stock Double top is characterized by two consecutive peaks on a price chart, with a dip or low between them & subsequent breakout VOLUME SPIKE - the stock has recently shown two large volume spikes indicating strong upcoming momentum for the stock Generally volumes increase before a significant price movement SHOOTING STAR candlestick - the stock has formed a shooting star candlestick recently indicating trend reversal for it ie from upward movement to downward movement Shooting star is characterized by a small body at bottom and a long upper shadow of a candlestick GAP-DOWN BREAKOUT - the stock has broken out of the pattern with a gap-down indicating very strong downward pressure PROFIT TARGET - 1200 STOP LOSS - 1325
NSE:LODHAShort
by peace_lover
Ethereum - Perfect exactly how I thoughtEthereum Stage 1 - Triangle Pattern - Gave perfect breakdown of triangle pattern Stage 2 - Form M Pattern - Have almost completed the selling target Stage 3 - Retesting completed *Current) Stage 4 - Forming inverse cup and handle and inverted head and shoulder pattern Stage 5- in either of the scenario it may come down but if it goes above 2297 expect it to reach 4000/500/7000 in coming days Stage 5.2 - if the retesting is completed and bearish patter is continued expect it to reach to 900 USD For more details ping me GK Trade manthan
COINBASE:ETHUSD
by GKTrademanthan
NASDAQ Bulls Pushing – Will 20,347 Hold or Break?Price is currently approaching the 20,347 🔼 resistance zone after a strong bullish rally from the 19,150 🔽 support level. The market structure remains bullish with consistent higher highs and higher lows, showing strong buyer momentum. Support at: 19,670 🔽, 19,150 🔽, 18,500 🔽, 17,600 🔽 Resistance at: 20,347 🔼, 20,600 🔼, 21,000 🔼 Bias: 🔼 Bullish: If price breaks and holds above 20,347 🔼, we could see a continuation toward 20,600 and 21,000. 🔽 Bearish: A strong rejection from 20,347 🔼 could send price back down toward 19,670 and 19,150 for a retest. 📛 Disclaimer: This is not financial advice. Trade at your own risk.
FOREXCOM:NAS100
by SPOT_FX
2
Bank of England cuts rates but does no pivot, GBPUSD surgesThe Bank of England cut rates to 4.25% but held off on signalling faster easing. GBPUSD is rallying as traders unwind bearish bets. Add to that a new US-UK trade deal, and the pound could see further upside. Watch for a breakout above 1.3440 that could target 1.38 or even higher. 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
AUDCAD 1 hour possible Double Bottom📉 Technical Overview 1. Pattern in Formation: Potential Double Bottom Price action suggests a potential double bottom pattern forming around the 0.88800–0.88900 support area. A neckline is clearly identified around the 0.89300 level. Price is currently between the second low and the neckline — an important “watch zone.” 2. Confirmation Required The double bottom is not confirmed yet. A valid long trade setup would require a clear breakout and close above 0.89300 (neckline resistance). 3. Target & Risk The projected move (measured from the neckline to the bottom of the pattern) gives a target around 0.89740. That’s approximately +42–43 pips from the breakout point, offering decent risk-to-reward potential. ✅ Trade Idea (Upon Confirmation) Buy Entry: After a 1H candle closes above 0.89300. Stop Loss: Below the second bottom – around 0.88900 or slightly below. Take Profit: Around 0.89740 (measured target of the pattern). Risk:Reward Ratio: Approx. 1:2, favorable for a breakout trade. ⚠️ Caution If price fails to break above the neckline and reverses, it may revisit the 0.88800 zone or even break down — invalidating the setup. Monitor Canadian and Australian economic news, especially commodity data or employment figures, for volatility spikes.
Long
by Forexbeats
1
Linc Ltd: Cash IdeaLinc Ltd – Positional Trade Setup Technical Setup: Strong support at the 61.8% Fibonacci retracement from the previous upmove. Weekly RSI shows positive divergence, suggesting a potential reversal. Daily RSI is sustaining above 60; Weekly RSI above 40; Monthly RSI holding 40 support. W-type pattern visible and forming on the weekly timeframe. Trading above the 5 EMA on the monthly chart. Strategy: Go long with a strict stop-loss at ₹95. Targets: ₹148, ₹177, and ₹200. Maintain an average entry near the ₹95 zone for favorable risk-reward. Staggered buying is advised—initiate partial position now and add more if the price dips towards the SL zone. Note: Despite strong signals, no setup is fail-proof. Stick to your SL and position sizing discipline.
NSE:LINC
by drlalitkumar1987
IWM: ShortRussell 2000 ETF | 15-Min Chart | May 8, 2025 🚨 0.5–0.618 Fib Retracement Completed Price has tapped into a key Fibonacci confluence zone (0.5–0.618), overlapping with previous CHoCH and unmitigated supply. This zone has historically triggered distribution phases on lower timeframes. 🔻 Technical Setup: Price rejected from 198.4–198.7 zone CHoCH and EQH levels form a liquidity trap above Targeting demand near 193.78 (Fib extension 1.382 + historical support) 📊 Macro Context: US Q1 GDP: -0.3% (contraction) Core Inflation: Still sticky at 2.6% Jobs Market: Strong, 177K added in April Fed Today: Likely no cut, but any hawkish Powell tone could trigger a sharp risk-off move, benefiting this short bias. 🎯 Trade Idea: Bias: Bearish Entry: 198.35–198.70 (current level) TP1: 197.43 TP2: 193.78 Invalidation: Break & hold above 199.50 ⚠️ Wait for Powell @ 2:30 PM ET before scaling in. Volatility will spike. #IWM #Russell2000 #Fed #SmartMoneyConcepts #Fibonacci #MacroTrading #LuxAlgo #RiskOff
AMEX:IWMShort
by Wavervanir_International_LLC
AUDUSD: Bullish Reaction from Key Fibonacci Support AUDUSD breaks double bottom on the 38.2% Fibonacci retracement 🚀Price has formed a double bottom around the 38.2% Fibonacci retracement level. The 15:00 candle confirms bullish strength. If this structure holds, the price may extend to retest yesterday’s high. 🔍 Trade Setup Entry limit: Stop Loss: Take Profit: Risk/Reward: ≈ 💬 What do you think? Are you also long on AUDUSD? Share your thoughts in the comments 👇
Long
by GianmarcoTozzi