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Trippletop

EURUSD simple short analysisHH peak settled on H1, make first cup pattern (reaching 200% zone of reversed head and shoulders), completed a rational two (to three) wave sets of abcde, and, if chart wants to complete a tripple peak pattern hitting a diagonal resistance, it can even complete the triangle showing end of accumulation and start of distribution, breaking the zones below, reaching 400% of the volume balance/cup pattern. it can take time to reach that low, though, because it can go down but then go up. So, cloose SL when op. is on profit.
Short
by Ftradorex
Basic Attention BATUSDT - ABC completed! + Falling wedge!- On the daily chart, we can spot a falling wedge and the price is currently above the wedge. - Due to my Elliott Wave analysis, the ABC correction should be completed and we are ready for a new bull market! - You can buy a breakout above the black tripple top resistance line. - If we look at the volume indicator - we can see a huge bullish volume spike, which is definitely a great sign. - Profit target: 0.618 FIB + Previous triangle POC. - Look at my ideas about another interesting altcoins in the related section down below ↓ - For more content, please hit "Like" & "Follow"!
Long
by UnknownUnicorn2537518
1
The innocent SIP investorsLONG time charts ,weekly,monthly are easy for deciding the market direction. daily charts are the lowest time frame in elliott wave analysis to count sub waves. if you want to trade tension free ,follow daily charts take position for a weekly and monthly targets. A simple idea is shown in the above chart. we have completed 2 legs of corrections as wave 'A' and 'B' which are 5 wave diagonals followed by 3 wave recovery waves 'C' and 'D'. 5 WAVE diagonals are motive waves and the main purpose is to sell but not intensively, but after the end of wave 'D' ,you may have a sharp sell off as wave 'D' is the final up move unable to lift the index above wave 'B' . FAILURE to do so wave' D' will become third top which is a strong RESISTANCE for bulls. you may notice FII sold enough stocks and they have taken SMART MONEY out of the system, by zolting the market to and fro. now tell me who is bather about innocent SIP money flowing though mutual funds, when final selling climax started? the monkeys bought from FII's at higher price is with us, will FII buy from us? first leg of wave 'E' has the target of 16300
NSE:NIFTYShort
by selvamB
8
Voxies VOXELUSDT - New coin + Massive Head and Shoulders- VOXEL Rank #406 on coinmarketcap. - Voxie Tactics is a free-to-play, 3D turn-based tactical RPG game designed in a retro style. - The team behind the project has over 15+ years of games development experience and have worked at worldwide studios like EA Games, Warner Brothers Games and Ubisoft. - We have a massive inverse Head and Shoulders pattern on the daily chart, breakout = huge pump. - 10 000% is very possible in the immidiate short term, maybe even more later.
Long
by UnknownUnicorn2537518
20
USD/RUB WEEKLY TRIPPLE TOPOn Wednesday, the Russian rouble slumped, diving around 3% to hit a near two-year low past 81 to the dollar as Ukraine declared a state of emergency, with sanctions and invasion fears hammering Russian bonds and stocks. Ukraine told its citizens in Russia to come home. At the same time, Moscow began evacuating its Kyiv embassy in the latest ominous sign for Ukrainians who fear an all-out Russian military onslaught. USD/RUB has been consolidating in a narrow range of 81.48-81.63 in the early Asian session amid the declaration of emergency by Ukraine and formed a triple top formation on a weekly chart. The USD/RUB pair peaked above the 80.0000 earlier today, returning to Oct. 30, 2020, high before retreating, potentially forming a Shooting Star. This one-candle pattern demonstrates a bearish response, signaling bulls have been beaten back. It touches and rebounds from the 81 levels. It would be interesting how the traders will reach in the following days and weeks. However, if the price does make new highs, there is a chance that some investors will be aware of this resistance failure. Their interest could become support, pushing the price yet higher. For now, however, traders should treat the 80 levels with caution. If the bears are awakened, they can bring the price to test the peak from April 2021 around 78. Looking at Fibonacci levels, which are confirmed many times on the weekly chart, the price can correct 61.8 Fibo level, which is strong support around 73 or lower to 50 Fibo levels around 70 and confirmed the formation October 2020 to December 2020. But if the bulls decide to remain aggressive on the market, the price could be taken further north and reach the levels from the beginning of 2016 around 85. Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carry a high-risk level. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and such sites. Furthermore, one understands that the company carries zero influence over transactions, needs, and trading signals. Therefore, it cannot be held liable nor guarantee any profits or losses.
by legacyFXofficial
2
DXY (U.S. Dollar Currency Index) Tripple Top?DXY has developed a double top in the weekly chart. In mid-2014 it grew significantly from 80 to 103. It traded sideways for 3 years until it had its correction in 2017 lasting until early 2018. The 2nd Top starting from early 2018 moving from 88 and again reaching 103. Then began its 2nd correction to a negligible higher low of 89. As of now, it is evidently on the rise for its 3rd Top, and if it doesn't match the highs of 2014 and 2017, it's very likely to decrease just like before, and potentially have lower lows. It looks like its worth holding a short position at 100, or mid to late 90s.
TVC:DXY
by Stratex1
MSFT, DailyNASDAQ:MSFT Big resistance at the nick line. it the stock break the nick line with one candle at the daily time frame. the stock possibly continue drooping down to reach the targets DISCLAIMER: I am not a financial /investment advisor. All information i am sharing here is for entertainment purposes only and should not be considered personal investment advice. While the information provided is accurate, it may include errors or inaccuracies. Please, do your diligence when it comes to investing or trading in the market. You are responsible on your choice. Thank you
NASDAQ:MSFTShort
by adhamdallou
2
NATURAL GAS BREAKTHROUGH TRIPPLE TOP. AND NOW WHAT? Natural gas breakthrough the triple top on a weekly basis, but now the price stays on the strong resistance 61.8 Fibonacci level. It is a turning point, and it would be interesting how the price will react this week. The weather appears to be the driving factor behind the recent upward movement in natural gas prices. Exports are on the rise, and industrial activity is returning. Still, the current weather pattern for much hotter than typical weather coming out of the North West is driving up the demand for natural gas turbines electricity. Natural gas futures look stable in the long term. If the natural gas prices continue to rise sharply for the subsequent consecutive trading sessions and breakthrough 61.8 Fibo level, the next strong resistance level on a weekly basis is very far on the north at prices around 4.90. If the price levels will pull back from 61.8 Fibo, it is possible to test the previous support levels at 38.2 and 23.6 at prices around 2.80 and 2.30 per cubic feet. Our oscillator indicators show that the price is in the overbought zone above the 80 RSI level. Meanwhile, revived export demand is likely to tighten balances even further as the U.S. approaches peak cooling season. The latest EIA report confirmed the more robust demand with a modest 55 Bcf injection into storage. Total working gas in storage as of June 18 stood at 2,482 Bcf, which is 513 Bcf below last year and 154 Bcf below the five-year average, according to the EIA.
MCX:NATURALGAS1!
by legacyFXofficial
Anticipated Break-Out and Retest Continuation Triple BottomAfter a temporary consolidation at support turned resistance zone, we saw a strong momentum to the downside creating a LOW on the 13th May, 2021. Then a correction 61%+ which created triple top pattern with a sell off creating a confirmed (SUPPORT) TREND-LINE on the 23rd May, 2021. With this confirmed trendline in view, we also confirmed a double bottom which later went BULLISH, fast forward to the last bottom which nearly hit the trendline ( But didnt touch), a BULLISH move occurred with the RESISTANCE ZONE been tested and a retest which has lasted for about 4-5 days, seeing this creating a channel up, I am anticipating a break above the and a retest back to the channel creating a support and then a BULLISH MOMENTUM to take a BUY ENTRY. Our target would be the resistance level.
Long
by MII1502
eurjpy shorting ideaeurjpy has failed to make new highs last 2 weeks as my previous analysis that it will break the trend line and fall to the 128.40 level i will stay on the same analysis for the next week on the chart we have a triple top but pattern wich is not confirmed because we dont have a neck broken wich is at 129.80 and we also have lower highs wich tell us a bearish movement is on the way and my point of view also supported by the broken trend line as it couldnt make new highs of the previous weeks i drop is coming you can sell below 129.20 ot just wait that neck on the chart to be broken target 1 is on the chart Good Luck Rabihfx
Short
by rabihfx
Hasn't ETH quite formed a Triple Top?Is this me only or all of you great people out there view the same thing that I see. For me, a clear picture of Triple Top has successfully formed in a day chart. It's so clear that "W" is obvious to observe, which had begun on March 26 and the bullish trend in a daily chart until today has successfully formed the Triple Top. Now what? Is this time to rejoice that ETH has not only broken its ATH but also looks like it is trending to the 2.5K area? If we follow the buyers and sellers tussle, it's difficult to believe that ETH has just broken the resistance and rallying to make newer and newer ATHs. What if the REAL Triple Top has been in the play? If such is the case, should we worry that ETH will retreat back to the lowest support plot? Technically, a triple top pattern shows that the price is unable to penetrate the area of the peaks. Practically, is not the case at this since ETH has penetrated the upper resistance and settled to its new ATH at 2145. If the price can't rise above 2145, there is limited profit potential in holding onto it. Then, there will be a spree to sell-off whatever was on hold. Then the retreat is inevitable, say it's a correction if you wish to. I'm not blindly bearish, but I find it interesting in case the Triple Top channel is not broken in next 24 hrs. What are your thoughts about it? Disclaimer: The chart-resemblance and expressed-views are part of my very personal assumptions and never intended to influence any individual. Thank you for viewing. If you have some time to contribute your own views, that will be highly appreciated as that may benefit me and many other great traders out there. Peace!
COINBASE:ETHUSD
by BITSOFF
1