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Double Top

Apple -> Will It Hold Support?Hello Traders and Investors , my name is Philip and today I will provide a free and educational multi-timeframe technical analysis of Apple 💪 Starting on the monthly timeframe you can see that after Apple broke out of the clear triangle formation in confluence with the bullish moving averages, Apple created a strong rally of 30% towards the upside, breaking major resistance. The weekly timeframe looks a little bit overextended with barely and red candles during the last major push so we could certainly see a retest of the previous all time high at $180. I am now just waiting to see how Apple reacts at the current level considering that we are once again retesting the bullish trendline - so far market structure is still bullish but if we see a break lower, the daily timeframe looks like a correction is inevitable. Keep in mind: Don't get caught up in short term moves and always look at the long term picture; building wealth is a marathon and not a quick sprint 📈 Thank you for watching and I will see you tomorrow! My previous analysis of this asset:
NASDAQ:AAPLShort
by basictradingtv
35
Apple -> Watch This Potential PatternHello Traders and Investors , my name is Philip and today I will provide a free and educational multi-timeframe technical analysis of Apple 💪 Starting on the monthly timeframe you can see that after Apple broke out of the clear triangle formation in confluence with the bullish moving averages, Apple created a strong rally of 30% towards the upside, breaking major resistance. The weekly timeframe on Apple is showing some overextension towards the upside and Apple hasn't retested the 0.236 fib level yet so we could indeed see a short term pullback now. Apple could also created a solid double top on the daily timeframe and if Apple stock also breaks below the solid uptrend line we could certainly see a short term move lower to retest the previous all-time-high at the $180 level. Keep in mind: Don't get caught up in short term moves and always look at the long term picture; building wealth is a marathon and not a quick sprint 📈 Thank you for watching and I will see you tomorrow! My previous analysis of this asset:
NASDAQ:AAPLShort
by basictradingtv
25
🥇GOLD - The double top may start a correction Gold breaks the global bearish trend and forms momentum, but price fails to reach key zones and starts to form a reversal set-up. TA on the high timeframe: 1) The key liquidity area that is of interest to many is in the 1970-1980 area 2) A correction is being formed and most likely the growth to liquidity will continue after it TA on the low timeframe: 1) A double top is forming, a break of 1955 support will form an impulse to 0.236 or 0.382 fibo 2) The trend is upward, this pattern does not give hope for a trend change. 3) The decline will allow us to find more convenient support levels to buy at a favorable price. Key support📉: 1955 Key resistance📈: 1963
OANDA:XAUUSDShort
by AndeWave
18
EUR/USD BEARISH PRICE ACTIONI'm expecting this pair to visit the green zone marked in the chart. I'm also expecting the pair to form DT there. there is also a possibility that the price start falling before reaching this zone( it's unlikely to happen, but expect the unexpected in financial market). So if you can add a sell position here, do it, other wise wait for a confirmation. Please ignore the target zones I marked on the chart( not yet conformed). Just focus on the sell zone for now. will update later. Have a safe trade! Fifi
Short
by FIFI_FX