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Double Top

$ROKU Double Top Trade Idea$ROKU has earnings coming up on the 28th I believe and is in a text book "double top" pattern. I got price targets of $93.45, $87.83 and $81.90. It's crossed over the neck line @ $99.64 on the daily. A daily candle closed under $99.64 would probably be the safest entry but I'm already in 4/29 $80 P and 4/29 $75 P. Generally speaking Roku usually follows $NFLX. In regards to earnings I don't expect as an extreme move as Netflix but I am bearish on $ROKU leading up to earnings this week coming up. I'll update my position win or lose when I close out my contracts. *I'm a self taught trader, this is not trading advice in anyway shape or form.
NASDAQ:ROKUShort
by markbully
Dxy double top bearish reversal soon?DXY is showing bullish weakness and could be forming a potential doubletop pattern which is a bearish reversal pattern. I also am spotting bearish divergence. Ironically assets like bitcoin who usually have an inverse relation to the dxy are putting in Bullish patterns on the same time frame ( falling wedge) with bullish divergence. If that isn't interesting enough, the FOMC is having a meeting tomorrow around 1pm est with regards to interest rates. Also, I am under the opinion that the dollar is not strong but it is artificially rising because of currencies like the Euro and the Yen deciding still to print. To conclude, the DXY is at major resistance and could be forming a bearish reversal pattern. If this is confirmed , we will likely see the DXY reverse to the downside. If you like my idea, please follow for more. I am going to start posting more ideas to come.
TVC:DXYShort
by ichampnick
USDJPY-Weekly Market Analysis-May22,Wk1As early as 14Oct2021, I've said that the USD is going to appreciate for the year 2022. That doesn't mean that you can't head in for any counter-trend move, you just have to do it with caution. At 131.57, USDJPY will have an AB=CD completion, it is common for traders to look for a countertrend move at its completion. Conservative traders could wait for a Double Top with RSI Divergence at the level. Trend Traders could wait for the Bullish Shark Pattern at the 4-hourly chart.
Short
by RaynLim
We're building a BIG SHORT on Bitcoin!Hey guys 👋 Just an FYI, we have been shorting BTC for a while, adding on to the short on every lower high formed on the 1H chart. We are gunning for big drops on BTC and overall crypto, yet of course we're just as ready to buy as we are to sell if the structure of price action changes. For now, our targets are 3, see them below: 1) The neckline 2) The volume support at 12.6k 3) untested POC of the bullish structure 8.3k On Wednesday the FOMC is due to raise rates again, the higher the rate outlook becomes... the lower crypto should/could go. More on this in a video that is related.
BITSTAMP:BTCUSDShort
by PrimedGroup
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