Rounding top or HS? Not confirmed yet, but doesn't look pretty for the DOW. If it breaks down that trendline we will see a mayor correction. Maybe I'll buy some puts but first I want to see more bearish action. Right now is consolidating and we will see a lot of volatility these days.
What Is a Rounding Top? A rounding top is a price pattern used in technical analysis. It is identified by daily price movements, in particular the tops, which when graphed, form a downward sloping curve. Technical analysis of price information suggests that a rounding top may form at the end of an extended upward trend and that this price pattern may indicate a...
The Nifty consumption daily chart rounding pattern formation this is the time to book profit and position light. Note:- This is not buy sell recomendition, only for education purpose investingclubs.in
dogeusd is showing a rounding top, disguised as a potential bull flag breakout. however, the Ad is showing a decline (bearish divergence). Im looking for price action to breakdown from the apex and retest .085, then .05 I'm bearish now on crypto as a whole as the whole market appears to be selling off
See "Rounding Top" pattern from Bulkowski: www.thepatternsite.com Want to see how this small wedge outside the pattern plays out. Despite the name, rounding top is not necessarily a topping pattern.
Trent made rounding top formation on hourly chart with decent volumes. Could be sell with mentioned stoploss & targets.
Now its forming Rounding Top Pattern wait for a Breakout and Take a trade!
Take a Trade after a successful breakout Take a Trade after a successful breakout
Now its Form a Rounding Top Pattern wait for a Breakout and enter a Trade !
ETH broke out from rounding top pattern on a daily chart, I have marked the target of rounding top pattern which is $1248. This pattern can possibly play out with a flash wick down to this level. Another interesting thing to notice is that soon we will see death cross, Last death cross on ETH happened on Sept 2019 which lasted for over 4 months. ETH is barley...
Its Forms a Rounding Top if handle forms its forms inverted cup and handle but targets are same wait for a breakout and retest !
Now its Forms inverted Rounding Top pattern may be this pattern changed into inverted Cup and Handle also wait for a breakout of Blue line if its broken go for short black lines are targets!
With a rounded top formation am most certain that there's gonna be a 9-19% increase in bitcoin before today ends NOTE: THIS IS NOT A FINANCIAL ADVICE Make sure your Risk management game is good
What Is a Rounding Top? A rounding top is a price pattern used in technical analysis . It is identified by daily price movements, in particular the tops, which when graphed, form a downward sloping curve. Technical analysis of price information suggests that a rounding top may form at the end of an extended upward trend and that this price pattern may...
Been posting bearish charts for awhile and scaling out of the market. Very hard to fully bet against the Fed but it's to risky to not be hedged right now. Bounced off support today but I think we will visit the bottom of the rising channel - could revisit the February 2020 highs. Market is setup for a perfect top: -Debt ceiling + Delta variant concerns...
ROUNDING TOP IDEA Following up on the initial idea for a Rounding Top playing out on Bitcoin, this 4-hour $BEL chart shows a similar pattern which I expect to perform in an uptrend for a big move up in the mid to long term. April 17th's BTC dip accelerated the pattern closing and almost bounced off the rising trendline support. An impulse move might bring price...
***NOT FINANCIAL ADVICE*** ***THIS IS A PERSONAL IDEA, DYOR*** Could this be a Rounding Top pattern??? Note: Bulkowski describes the "Rounding Top" pattern in his Encyclopedia of Chart Patterns, page 608, as an upward breakout, indicating: "As prices move up, they curve around then break upward". He also mentions a downward volume trend as a sign of this...
Bitcoin is totally unpredictable i do not try to time a correction but if i had to choose with a gun in my head between short and long at this time period (although Coinbase ipo is coming) i would go with short and stop loss to previous highs.