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Double Top

LINKUSDT 2-top, H&S, Butterfly; pullback to necklineLINKUSDT 2-top, H&S, Butterfly; pullback to neckline After a retrace from the Stocks Market, LINKUSDT presents a perfect price action in bearish confluences after exit of a ascendent broadening bottom. We can see a Head and Shoulders in process now, exactly pull-backing to neckline, in a potential Double Top pattern. The prior swing before this pullback fitted 50% of a potential CD-leg of a Butterfly Harmonic Pattern. We can expect a 2nd downward from the neckline which is the weekly volume point of control (POC), strong resistance. A 1st short-term-target has been applied on an AB=CD projection. The 14.6% Fib level is my key level to put targets. Plus hidden bearish divergences on 1H chart w/ Ehlers Stochastic, Awesome Oscillator and Chaikin Money Flow. Definitely bearish.
Short
by firmestudio
1
USDJPY It will retrace to Support ZoneWelcome back! Let me know your thoughts in the comments! **USDJPY - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support! Brian & Kenya Horton, BK Forex Academy
Short
by BKTradingAcademy
1
GOLD GREAT trading opportunity -13/9/2022-• Major potential double top on daily chart • Double top at 2070 (2020 and 2022 highs) • Neckline support at 1680 (2021 and 2022 lows) • Very clear and typical bearish pattern • Measurement method is distance between neckline and high of the pattern (2070-1680) • Bears eye a break of the neckline support and a target projected at around 1300 (breakout point-distance) • Bulls defending support at 1680, we already saw more than one failed attempt by bears to break that level • Trading recommendation: • Only sell on a clear and confirmed break of the neckline support. Increasing volume and consecutive daily closes below the support validate the pattern further more. Stop loss just above the line • Buy as long as the support is not broken. Stop loss just below the line
OANDA:XAUUSD
by RamziAbouAbdallah-CMT
3800% growth for the #FET...Hello guys... as you can see on chart, #fetusdt formed a sloping double top and target of this pattern is as high as height of head that mean price should touch $0.0315 on the other hand, on $0.03 area is on QML and lq bar that make this area super strength for starting bullish trend until $1.15. it is excellent position entry:0.0315 target: 1.15 always do your own research. If you have any questions, you can write it in comments below, and I will answer them. And please don't forget to support this idea with your like and comment.
Long
by melikatrader94
9
EURCAD Here's the plan for this week!Welcome back! Let me know your thoughts in the comments! **EURCAD - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support! Brian & Kenya Horton, BK Forex Academy
Short
by BKTradingAcademy
1