AUDJPY Double Top Pattern ShortWe expect further downside on this pair, signalled by a double-top pattern breakout formation. We can also see the breakout of a short-term trendline supporting our directional basis.
Doubletoppatern
AUDNZD DOUBLE TOP PATTERN FORMATION SHORTWe expect further downside on this pair, signalled by the double-top pattern breakout. We can also see the breakout of a key level which further supports our directional basis.
LUNAUSDT is testing the 0.618 Fibonacci LevelThe price created a double top at 97$ on ATH, and after the rejection, the price is testing the 0.382 Fibonacci level.
On the 4h timeframe, the price had a breakout from the bullflag and now the market is going to test the 0.618 Fibonacci resistance
How to approach?
The price needs to create a new breakout with confirmations and a new Higher high.
In that case we could apply our rules for a new long position
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
bitcoin weekly analysishey traders , checks out my last price action analysis and wish you the best
if we look at the high time frame at the BITCOIN chart , we can see the monthly and weekly double top pattern so clearly and i highlight that area for you guys aswell ,
now lets talk about a big bullish channel , look how beautiful price touches the midline channel and make a double top pattern after that touch , banggggg the price falling down ;)
we have a 30k $ price action support area
if price breaks out this area VALID , the next support area as i highlight is 20k$ and the bottom of this channel is around this prices
and the most powerful support zone for bitcoin in the monthly and weekly chart as i highlight which is a zone , is around the (12k - 14k ) $ price
GBPJPY Double top forming in 4H TimeFrame!Wait for the pattern to form
And after breaking, get into position
Hello everyone, if you like the idea, do not forget to support with a like and follow.
The Double TopDouble Top formation formed once hit the 0.236 fib line as per retracement from 2017 top, TOTAL2
Double top observed on VinciVinci is in a very clean double top (T - T1T2), the price has strongly broken the neckline (N) and is evolving in a descending channel delimited by R and S lines. The pullback over the neckline is observed. The probability of a bearish phase is very high. Objective is 72€
EUR AUD DOUBLE TOPEURAUD now formed a double top which means the currently uptrend will be changed to long term downtrend ,now they are sitting at 0.382 fib support and in my opinion from here will grow till 0.5 fib resistance which is 1.596 . If they can t break this resistance the price will go down and also this double top chart pattern will be confirmed
Entry in 1.596 with target 1.566 .
SL 1.599
Stoch is too oversolded so in my opinion will test 1.595-1.596 which is a fib resistance and also will going down
MACD bearish/selloff volume increased but they need to calm down a little bit and make a short upward correction
RSI near oversold zone
