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Double Bottom

HINDUSTAN COPPER LTD - Keep an Eye + Double Bottom Pattern 📊 Script: HINDCOPPER (HINDUSTAN COPPER LIMITED) 📊 Nifty50 Stock: NO 📊 Sectoral Index: NIFTY METAL 📊 Sector: Commodities Metals & Mining 📊 Industry: Non - Ferrous Metals Copper Time Frame - Daily Script is forming Double Bottom Pattern as shown in a chart. Key highlights: 💡⚡ 📈 Script is trading at upper band of Bollinger Bands (BB) and giving breakout of it. 📈 MACD is giving crossover. 📈 Double Moving Averages also giving crossover. 📈 Volume is increasing along with price which is volume breakout. 📈 Script may give breakout of Double Bottom Pattern. 📈 Current RSI is around 65. 📈 One can go for Swing Trade ONLY ABOVE 125. BUY ONLY ABOVE 125 ⏱️ C.M.P 📑💰- 123.40 ⚠️ Important: Always maintain your Risk & Reward Ratio. ⚠️ Purely technical based pick. ✅Like and follow to never miss a new idea!✅ Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes. Eat🍜 Sleep😴 TradingView📈 Repeat🔁 Happy learning with trading. Cheers!🥂
NSE:HINDCOPPERLong
by radha_23
2
The Doube Bottom Pattern - Bullish PatternThe **Double Bottom** is a price action pattern that is indicative of a trend change once activated. Price needs to establish a bearish expansion towards the lows before reversing with an impulse. The impulse then needs to get sold into; this will create a retest of the previous low that must hold. Price action will establish a “W” structure which become a sign of demand that leads to a bullish expansion. Key Characteristics of the **Double Bottom** - Price Action must first establish a bearish expansion - The retest of the previous low most hold - A ‘W’ like formation will confirm demand at the lows
Education
by The_Alchemist_Trader_
1
Double Bottom on USD/CHF @ D1This double bottom pattern has formed on the daily chart of the USD/CHF currency pair after a long downtrend. It is now providing a potential bullish breakout opportunity. The two bottoms are marked with the lower yellow line; the neckline is marked with the upper yellow line. My potential entry level is at the cyan line. My potential take-profit level is at the green line. A stop-loss (not shown on the chart) can be set to the low of the breakout candle or to the low of the preceding candle should the breakout one appear mostly outside the pattern's borders. I will ignore bearish breakouts from this trend-reversal pattern.
Long
by AndriyMoraru
2
TOL - Buy the dipsHome builders had a steep fall in the 1st half of 2022 and had been building a base in the 2nd half. They have now emerged from the base and appear to be on the slow path to recovery. TOL has seen at least 3 gap ups since it's last golden cross on 8 Nov22. A sign that moemntum has been building since this golden cross. There was an attempt to break above it's neckline @ 5.50 on 13 dec but soon dips below again (a shallow dip though) until it propelled above the neckline again at the start of this year. Any near term dip would be a low risk opportunity to long with initial stops just below $49. Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
NYSE:TOLLong
by Juliac
crypto harm reduction plan (trade boomer commodities instead)hi, hope all is well and you are all taking care of yourself *boomer rant incoming* the crypto market is the worst of all corners of the internet and finance. a bloodthirsty chimera of all our traps and shortcomings on the designer steroids of tech. "the crypto space" is designed to make you miserable, alone, addicted, ashamed...in a state of mind that makes you more susceptible to the loss chasing it's manipulated to push you into. bleeding out your already serotonin and dopamine-starved brain, and making you feel like you have something to prove the deeper you go. to yourself, to your ideals, to your desperation over the financial system and debt-based USD hegemony. farming misery to steal yr coins. don't fall for it. you are fearfully and wonderfully made. position yourself to succeed. everyone says to take breaks but we all know how hard that is with a 24/7 market when we can't live a minute without our phones anyway /boomer rant (and possible crypto bottom signal, i know ;-) actually still thinking crypto will bounce soon) the good news is i've had much more success trading this gold range and i feel much better mentally, physically, and spiritually market closes an hour a day and on the weekends, highly recommend. (absolutely medical advice) (fib spirals made from double bottoms as per usual, different orientations visually fit til one emerges victorious as s&r...important to remember they are just s&r's. they are just curved trendlines with acceleration and decay, they can break and they are not 100% precise...always manage risk. and lock your scale. mine is 1:1 here, and lately i've been trying to use multiples or factors of 10 (10, 100, 0.1, 0.01) depending on what looks best with the timeframe) not sure when/where the range would top out, just been trading it smallest possible positions for now. rewiring my brain. if ihs plays out looking at 1920-1930, which would also jibe with the highest resistance spiral. still working out timefibs sacredtraders.com sacredtraders.com both have amazing free vids on youtube, jenkins' www.youtube.com is really all you need, watch at 0.5x speed over and over again take care, and always remember money aint shit. It's all God's anyway
OANDA:XAUUSD
by FinanciallyCodependently
EURNZD Idea 12/29/2022 Trading is all about patience. If you’re not patience, the probability of failing is very high. Here is my thoughts of EURNZD I am currently 150 pips in profit. I am now looking for an additional entry. Lets see price go back up to 1.68250 and look for exhaustion, double tops, bearish engulfing on the smaller time frames for confirmation to go downwards some more. Look at smaller time frames for patterns such as double tops and double bottoms for more confirmation. Remember to trade responsible. This is not a signal at all, just my thoughts.
Short
by rubensanalysis
ETH/USD Daily Levels — December 21st, 2022Looking at Ethereum on the 12-hour time frame we see the bounce from the $1,161 level which could’ve just formed the local bottom for this next swing upwards. 1st target I’m aiming for is $1,287 and then we’ll re-evaluate from there, but huge capitulation move down in November, so would expect the same set of volatility to reclaim back on the upside. Trade is invalidated with a close underneath $1,161, from there, looking at $1,110. As of now, price action is looking good. As always please do your own research, I am not a financial advisor.
BITSTAMP:ETHUSDLong
by kyer
1
COMPUSDT is creating a double bottomThe price is testing the demand zone on the daily timeframe where the market is creating a double bottom. How to approach it? IF the price is going to grab new liquidity, we could see a pullback untile 0.5, 0.618 Fibonacci level, so According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ black structure -> <= 1h structure. ––––– Follow the Shrimp 🦐
by InkyGrip