AZMCF LongBoth technical indicators & forecast pricing now point higher. Looks like a solid bottom has been put in & with gold and copper prices hitting all time highs this looks like a juicy target for larger miners flush with cash.
Double Top or Bottom
Fartcoin is ready to let rip!Looks like Fartcoin has reached my Bear Bottom , and is ready for a Breakout above $0.36. Some may even get Liquidated from their Shorts ripping a powerful wet one . If that happens, believe that Fartcoin shall be propelled to da moon ; Making me a Fartcoin Million Air!
Not everyone RWA or AI; Not everyone Game; Not everyone Defi; But everyone certainly Fart!
It is clear to me that since everyone in the US fart (including the institution people and "smart money"), it is hence effectively a "Made In the USA" crypto, and would undoubtedly be included as part of the US Crypto Reserves eventually.
So until then, HODL your Fartcoin tightly in the Bottoms !
Diamond Pants!
GBPUSD Continuation 1D. Next Target 1.300Bullish continuation on the GBPUSD.
Came down for a third touch on this level marked with the red line.
In a nice area of Supply from the 1D chart.
Aiming for a push to the up-side from this supply zone up to around 1.300.
Will move SL to break even at 1.298
AUDUSD: Pullback From Support 🇦🇺🇺🇸
There is a high chance that AUDUSD will pull back from
the underlined daily support.
As a confirmation, I see a tiny double bottom on an hourly time frame.
Goal - 0.6342
❤️Please, support my work with like, thank you!❤️
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Crude Oil Analysis Based on Chart (Double Bottom Breakdown)Technical Overview:
Pattern Formation:
The chart suggests a double bottom breakdown setup. A double bottom is typically a bullish reversal pattern, but if the price breaks below the support (previous lows), it invalidates the bullish expectation and turns into a bearish breakdown scenario.
Breakdown Confirmation:
The neckline (previous low) is crucial in determining whether the pattern will hold or break.
If the price sustains below this support, a downward move is likely to continue.
Target Calculation:
The expected target is derived by measuring the distance between the swing high and the double bottom support, then projecting it downward from the breakdown point.
According to the chart, this calculation aligns with a target near $60.
Volume Analysis:
Increased volume during the breakdown would provide stronger confirmation that the pattern is valid. If volume is low, the breakdown might be a false signal, leading to a potential reversal.
Key Levels to Watch:
Breakdown Level: The double bottom's support level.
Resistance Area: The recent swing high.
Target Zone: Around $59 (measured move projection).
Invalidation Point: A sustained move above the previous resistance zone would invalidate the bearish outlook.
Disclaimer:
This analysis is for educational purposes only and does not constitute financial advice. Trading involves substantial risk, and past performance is not indicative of future results. Traders should conduct their own research and consult with a financial professional before making any trading decisions. Market conditions can change, and risk management is essential when implementing any trade strategy.
SHORT ON CAD/JPYCAD/JPY is currently at a major resistance level/zone and has formed a minor double top just breaking the neckline on the lower timeframes.
I will be selling cad/jpy to the next major swing low for about 200 pips.
EUR USD Entry Setup 1 hour timeframe Beautiful EUR USD Double Top holds by forming a Bearish Engulfing candlestick pattern confirming the sell signal.
Trade Executed 👌🏻
AUD/JPY Chart AnalysisAUD/JPY Chart Analysis
**Key Patterns Identified:**
1. **Rectangle Pattern (Range-bound Market)**
- The price traded within a horizontal range, forming a consolidation zone.
- Two clear support touches at the bottom of the range (labeled as Bottom 1 and Bottom 2).
- The price respected both support and resistance levels multiple times before breaking out.
2. **Double Bottom Formation**
- A classic reversal pattern, signaling potential bullish momentum.
- Bottom 1 and Bottom 2 indicate strong support, where buyers stepped in.
- The breakout above the rectangle confirms the pattern, suggesting further upside potential.
**Breakout Confirmation:**
- The price successfully **broke out** above the rectangle's resistance.
- Volume increased during the breakout, supporting bullish momentum.
- Moving Averages (EMA 7, 21, and 50) are aligned bullishly, confirming the uptrend.
**Target Projection:**
- The expected target is measured based on the rectangle’s height.
- The breakout suggests a potential move towards **97.00** as the next resistance zone.
**Key Levels to Watch:**
- **Support:** 94.50 (previous range support), 95.00 (psychological level).
- **Resistance:** 96.00 (current price zone), 97.00 (breakout target).
**Conclusion:**
- **Bullish Bias:** Price action and technical indicators favor more upside.
- **Watch for Retests:** A pullback to the breakout zone (around 95.00) could offer buying opportunities.
- **Risk Management:** If price re-enters the rectangle, the breakout may fail, requiring reassessment.
NASDAQ INDEX (US100): Important Breakout I spotted a great example of a bullish reversal on 📈US100.
The index formed a double bottom pattern on a 4-hour chart and broke and closed above a resistance line of a descending channel.
There is a positive response on retesting the key support level based on a broken neckline.
It is expected that the index will continue to rise towards the 20,000 / 20180 levels.
XAUUSD 15MINTS CHART PATTERN. NEXT MOVE POSSIBLE.This chart is a 15-minute Gold (XAU/USD) price analysis with a technical pattern projection.
Key Observations:
1. Support & Resistance:
A strong horizontal support level is marked at $3,000.14.
Price recently peaked near $3,016.13 and is showing signs of a potential reversal.
2. Price Structure & Pattern:
The blue lines indicate wave-like price movements, possibly an Elliott Wave or price action structure.
The pattern suggests that the market previously experienced a strong bullish impulse, but now a retracement is expected.
3. Projected Movement:
The downward arrows suggest a bearish correction towards $3,000.14, which could act as a key support zone.
If price respects this support, a potential bounce-back might occur. Otherwise, a breakdown could lead to further declines.
Possible Trading Plan:
Short Setup: If price starts rejecting resistance near $3,016 and forms bearish confirmation (e.g., candlestick patterns like engulfing or pin bars).
Buy Opportunity: If price reaches $3,000.14 and shows strong support confirmation (like a bullish engulfing or double bottom).
Would you like a more detailed trading plan based on this setup?
Potential Countertrend Trade Idea for E/UDoulbe top forming clearly on Daily and 4hr, after recent bull run. This could be the start of a daily and weekly pullback, before the trend continues. However, if you are feeling adventurous this could provide an opportunity to forge some pips.
option 1: Entry after STRONG BEARISH candle break of neckline
option 2: Entry after BREAK AND RETEST of neckline
AUDJPY 4H Double BottomThe price already cross the neckline(94.720) of a double bottom, the objective should be around 97.700 but I set 97.0 as my goal because a pivot point around that level. The stop loss is a little below the first support around 93.634 even though the price seems to already be on its way, I guess there is a chance to get in if there is a pullback.
Gold Double Top 15 minGold has tested the high (HH) at 3004.83, then tested 2,994.03 twice and tested the neck at 2,986.13 for the 8th time. If the neck is tested and the price falls below, it is considered a Double Top. The target is expected to be 2960.36. If the target is divided, the first target could be 2971. Good luck in your trading.
Flight Centre Stock Quote | Chart & Forecast SummaryKey Indicators On Trade Set Up In General
1. Push Set Up
2. Range Set up
3. Break & Retest Set Up
Notes On Session
# Flight Centre Stock Quote
- Double Formation
* (Reversal Argument)) | Completed Survey
* (Flag Structure) | Short Bias Entry | Subdivision 1
- Triple Formation
* ABC Flat Feature | Wave Set Up | Subdivision 2
* (TP1) | Subdivision 3
* Daily Time Frame | Trend Settings Condition
- (Hypothesis On Entry Bias)) | Indexed To 100
- Position On A 1.5RR
* Stop Loss At 84.00 AUD
* Entry At 74.00 AUD
* Take Profit At 54.00 AUD
* (Downtrend Argument)) & Pattern Confirmation
* Ongoing Entry & (Neutral Area))
Active Sessions On Relevant Range & Elemented Probabilities;
European-Session(Upwards) - East Coast-Session(Downwards) - Asian-Session(Ranging)
Conclusion | Trade Plan Execution & Risk Management On Demand;
Overall Consensus | Sell
PFE Operation PlanFor this trade on Pfizer (PFE), we will implement a staggered entry strategy with three designated entry points at $26, $25, and $24.5. This approach allows for a cost-averaging method and improved risk management as the market fluctuates.
Our profit targets are set at $28, $30.5, and $31, ensuring we capture gains incrementally as the price moves upward. These targets are based on our technical analysis and current market dynamics. Additionally, strict stop-loss protocols will be in place to mitigate downside risks.
Disclaimer:
This information is provided for educational and informational purposes only and should not be considered financial advice. Trading involves substantial risk, and past performance is not indicative of future results. Always conduct your own research or consult a professional financial advisor before making any investment decisions.
Is PI Network About to Reclaim $3 Again ?Hello Traders 🐺
In this idea, I want to talk about the PI coin, which, in my opinion, is the best mobile mining app so far. I've been mining PI coins for at least 4 years and still holding them. PI Network has a solid team behind it and a strong community!
If you're still holding or planning to buy some for the upcoming Altcoin Season, I'm here to break down the chart and show you what's happening right now. So stay tuned until the end, and don't forget to like and follow for more support! 🌟
Chart Analysis 📈
As you can see, we have a strong downward-sloping blue trend line. Currently, the price seems to be forming an Inverse Head and Shoulders Pattern, which is a bullish signal. 🎯
However, make sure to wait for the breakout and retest as new support, at least on the 1H time frame. Regarding the price target of this pattern, I personally believe the next major resistance to the upside is the current all-time high around $3. 💰🔥
I hope you enjoy this idea! 💡
🐺 KIU_COIN 🐺
Dow Jones 3-daily OutlookLooks like a confirmed double-top, might turn into a Head/Shoulders even.
Head Shoulders:
A common scenario with these is, it looks like a double top, then has a strong reclaim of the neckline, which is around 41.9k, and then a 2nd loss of it shortly after w/ yet another re-test with failure to reclaim.
Double Top:
Another common scenario is just a re-test and failure to reclaim, and this is a textbook double-top.
50/200 3-daily EMAs and MAs:
After losing the 50 EMA and MA, we keep dropping below the 200 EMA and MA on the 3 daily chart during stronger dips, and then finally recovering back above both.
Recovery or Recession?
Recovery:
If we want to see a recovery, we need to do that again. So, a strong move back above the 200 and 50 EMAs/MAs after losing both, down to around 38.5k and then 37.5k, possibly as low as 36.3ish.
Or, for a more immediate flip to bullish, we need to reclaim ~41.9k during any re-tests, and then head to a new ATH above 45k.
Recession:
If we don't bounce from just below the 200 EMA and MA, we might see an extended move down or even a recession.
Btcusd support for pullback This Bitcoin (BTC/USD) price analysis on a 1-day timeframe (from Coinbase) includes key technical indicators:
1. Double Top Formation – Marked at the resistance level, this pattern typically signals a potential price reversal. The price failed to break above this level twice before declining.
2. Resistance Level – A trendline acting as a strong resistance, previously rejecting price movements. The chart suggests that Bitcoin needs to break through this level for further bullish momentum.
3. Support Zones – Two green zones indicate key support levels where buying pressure has historically increased, preventing further declines.
4. Projected Price Action – The analysis suggests a short-term decline towards support, followed by a bullish rebound. The price is expected to test resistance again and potentially break out toward $104,283.
5. Volume Profile – The right side of the chart shows the volume traded at different price levels. Higher volume zones indicate strong areas of interest for buyers and sellers.
Overall, this analysis suggests a temporary dip followed by a potential breakout to new highs, contingent on Bitcoin holding support and overcoming resistance.
NAS, Double BottomDouble Bottom
Bullish Divergence
CPI, PPI rate shows expecteed rate cuts in future
Stock market will perform
Buy @ CMP
Sl below Double Bottom
CADCHFThe trend will be bullish if it breaks the HH
Bullish Divergence
Head and Shoulder
No continuation pattern
BTC/USDT Reversal scenariosThere is bear mood in market, its exactly what is needed for reversal, lets have a look closer. I see 3 options.
1) Manipulation is over, we reached the target of local FIBO 1.618 at 77055$
2) Level 73764$ - its the target of Double TOP , the edge/high of the last block and 0.618 level of grand FIBO
3) POC level of last accumulation block which lasted for 255d at 67436$ - we could reach this level only with fast squeeze and fast buy back, leaving long needle on higher timeframe
BTC Double Bottom Formation Likely - Strong SupportEntering another BRC Long at the current level of support. Appears we have a lot stronger potential for a bounce here. Looking at RSI we see oversold conditions with larger time frames holding bull divergences.
Looking at this to be a low risk trade with lots of potential. Loading in now.
Have fun and as always protect that capital.
Nasdaq Hits Double Top Target – What's Next?Amid declining economic confidence and economic growth forecasts, stimulated by expanding trade wars, the Nasdaq has reached the double top pattern target formed between the December 2024 and February 2025 peaks at 19,100.
This level also aligns with the 0.618 Fibonacci retracement of the uptrend from the August 2024 low (17,230) to the February 2025 high (22,245).
The 19,000 barrier holds significant technical weight, as it coincides with:
The golden Fibonacci ratio and the double top pattern target.
Oversold conditions on the daily RSI, previously seen in August 2024 and dating back to similar levels in 2022 on the 3-day time frame.
Key Levels to Watch:
🔻 Downside Risk: If market turbulence intensifies and the Nasdaq drops below 19,000, the next key level is the 0.786 Fibonacci retracement at 18,300, with potential interim support at 18,700.
🔺 Upside Potential: If markets respond to oversold momentum conditions, a break above the short-term resistance at 19,700 could trigger rallies toward 20,000, 20,300, 20,700, and 21,000. A strong hold above 21,000 could extend bullish momentum back toward record highs.
Key Events to Watch:
US PPI Data (Today)
US-Canada Trade War Developments
US Consumer Sentiment Report (Friday)
- Razan Hilal, CMT
