Get started

Double Top or Bottom

DXY – Break or Bounce? Key Levels to WatchTVC:DXY The DXY has broken below the 106.96 support, establishing a new fractal at 106.14 while testing the major April 2024 fractal resistance forged at 106.51. This price action leaves the dollar in a critical decision zone, with two main scenarios in play: 1️⃣ Bullish Scenario: If the dollar holds above the newly formed support and reclaims the daily fractal resistance at 107.38, it could trigger a recovery attempt, potentially leading to a retest of previous highs and the weekly fractal resistance. 2️⃣ Bearish Scenario: A failure to hold current levels could push the DXY below the emerging triangle structure, targeting the weekly fractal support at 105.42. A break below this level increases the probability of reaching the 200% Fibonacci extension at 104.59, where a bullish Crab pattern is projected in convergence —a critical area for potential trend reversals. 🔍 Key Technical Factors: 📌 Consolidation Triangle: DXY is stuck below the double top neckline but above the most recent fractal support forged at 106.14. 📌 Fibonacci Levels : The dollar is currently trading at the 38.2% Fibonacci retracement (106.35) , with projected harmonic patterns aligning near the next 50% retracement level. 📌 Liquidity & Stop Hunts: Multiple bullish harmonic patterns emerging just below the weekly fractal support indicate possible stop-hunting activity against short positions. 💡 Key Levels to Watch: 📈 Resistance Levels: Weekly – 110.17 Daily – 107.38 4H – 106.65 Monthly – 106.51 📉 Support Levels: 4H – 106.17 Daily – 106.14 Weekly – 105.42 Monthly – 100.15 ⚠️ Final Thoughts: DXY is at a crucial inflection point. A breakout above 107.38 could fuel a bullish move, while a breakdown below 105.42 may accelerate a bearish extension towards 104.59-104.78. Until the price confirms direction, it is advisable to remain neutral and wait for a clear signal before committing to a directional bias. Happy Trading, André Cardoso 💡 Risk Warning: Trading financial assets carries a high level of risk and may result in the loss of all your capital. Make sure to fully understand the risks involved before you start trading and carefully consider your investment objectives, level of experience, and risk tolerance. The data and information provided in this content do not constitute financial or investment advice and should not be considered as such. Only invest what you can afford to lose, and be aware of the risks associated with trading financial assets.
TVC:DXY
by Andre_Cardoso
XAUUSD:Breaking news, the rise will continue to 2927-2932In the afternoon of London, after notifying the lowest position to buy and make a big profit, gold rebounded to 2914 without more energy, causing the gold price to continue to rise. After reaching 2918, it quickly returned to the position near 2914 and continued to fluctuate. After the market closed, the market was ignited by big news again. Latest news: The situation between Russia and Ukraine has been further affected by drone attacks. This has led to the spread of risk aversion and panic in the market. This has led to a sharp increase in demand for XAUUSD. At present, the price of gold still remains at 2916, and there has not been a significant increase, so it is still a reasonable buying position. The estimated space is about 10-15 points. Buy at the current price of 2916, tp2927-2932.sl2905 Remember to control trading risks when operating,
TVC:GOLDLong
by JAKE_T0
Hikma Pharma 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 # Hikma Pharma Stock Quote - Double Formation * (Continuation Argument)) | Completed Survey * Pattern Confirmation | Entry Feature & Long Support | Subdivision 1 - Triple Formation * 1.618 & 0.618 Retracement Area | Long Support | Subdivision 2 * (Neutral Area)) | Subdivision 3 * Daily Time Frame | Trend Settings Condition - (Hypothesis On Entry Bias)) * (Uptrend Argument)) * 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 | Buy
PEPPERSTONE:HIK.GBLong
by TradePolitics
$HPE – Potential Double Top Reversal in Play?NYSE:HPE The stock is testing critical support at $20.55 , which serves as the neckline of a potential double top reversal pattern . The stock remains in a broader uptrend since March 2020, but the current price action is showing increasing downside pressure, putting this key level at risk. 🔹 Bearish Scenario – Breakdown in Focus: A clear break below $20.55 could confirm the double top pattern, opening the door for a move toward $16.78, where the long-term ascending trendline from March 2020 aligns. This would represent a -18% decline and signal a potential shift in market structure. 🔹 Bullish Outlook: As long as NYSE:HPE holds above $20.55, the uptrend remains valid. A bounce from this level could see price retesting resistances at $21.98, $24.24, and $24.66. 🔹 Resistance and Support Levels: 📉 Support: $20.55 (neckline), $20.34 (most recent fractal support), $15.77 📈 Resistance: $21.98, $24.24, $24.66 Happy Trading, André Cardoso 💡 Risk Warning: Trading financial assets carries a high level of risk and may result in the loss of all your capital. Make sure to fully understand the risks involved before you start trading and carefully consider your investment objectives, level of experience, and risk tolerance. The data and information provided in this content do not constitute financial or investment advice and should not be considered as such. Only invest what you can afford to lose, and be aware of the risks associated with trading financial assets.
NYSE:HPEShort
by Andre_Cardoso
Continue to short gold after the reboundGold's decline yesterday found support around the 2888 level before staging a rebound, and it has now recovered to the 2925 area. Although the bulls have begun their counterattack, their momentum appears significantly weaker compared to previous recoveries, indicating a growing lack of confidence among bullish participants. Yesterday’s downward breakout from a period of sideways consolidation pushed gold through multiple key support levels and decisively breached the 2900 mark. This demonstrated strengthening bearish momentum, driven by profit-taking from earlier positions and an influx of panic-driven selling. Despite the current rebound, it’s likely just a technical correction following the sharp drop, providing more opportunities to short gold. As gold’s price action shifts lower, the 2925-2935 zone now stands out as a prominent short-term resistance area. For short-term trades, we can use this zone as a key level to initiate fresh short positions. Gold is likely to retest the 2890 support area, and a decisive break below this level could open the path for further declines toward the 2870-2860 region. Bros, profits are the ultimate goal in trading. Accumulating profits is what changes lives and destinies. Choosing wisely is far more important than just working hard. If you want to replicate trade signals and earn stable profits, or if you want to deeply learn the correct trading logic and techniques, you can consider joining the channel at the bottom of this article!
OANDA:XAUUSDShort
by Trader_Marvin
BIDU: MAs coiling tightly + Double bottomI really like BIDU stock here, so I entered more than my usual size. What I like about this setup - MAs coiling super tightly across all timeframes. 10, 20, 50, 100, 200. Tight MAs represent volatility contraction and this often leads to volatility expansion, i.e. large price movements. All the MAs are now within 5% range. When the MAs crossover, its like this combo nuclear reaction igniting one another, propelling the stock upwards. And its possible you get a sustained one. - 10 and 20 MA are already above 50MA. short term, we are up. And now I'm waiting for the next nuclear reaction to happen. - We have attempted to break above this 94.5 key resistance for many times now. If we do, easily 113 as price target. - Double bottom formation. Yes, its not a double bottom yet since it hasn't break above the neckline. But that false breakdown earlier gave me extra confidence that we have bottomed. - Fibo retracement at 50% line now. Good support. (did not draw it in, else it becomes cluttered) - Tailwind from China internet sector. When will I stop loss - Break below previous low at 96.8 and stay below 50MA for 5 days. Others - I note that Im front-running this a little. If it goes to 92.5 above the flag, and 200sma, it would be better confirmation. But I entered with options, so I wanted a better price before the pump actually happens.
NASDAQ:BIDULong
by chuasonglin1995
2
BTC Potential Drop to $72K: 3 Signs Indicating a Trend BreatherBitcoin has been on an incredible run, but I believe we may be heading for a pullback toward $72K. There are three key signs that suggest a breather is due: Double Top Formation – We've seen a clear double top pattern forming, signaling a potential reversal. RSI Divergence – The RSI is showing divergence from price action, often a sign that the momentum is weakening. Overbought Conditions – Bitcoin has been in overbought territory for a while now, suggesting that a correction could be on the horizon. Keep an eye on these factors as they could play a big role in where BTC goes next. Stay cautious and be prepared for potential volatility. I hope you find it helpful! Take care and keep it shiny. Kina ♥
Long
by KinaStar
$BTCUSD Expansion or Reversal? Key Levels to WatchBITSTAMP:BTCUSD Overview We explore the key resistance and support levels, potential pattern formations, and what we should monitor in the coming sessions. Bitcoin appears to be forming an expanding triangle within the broader range of its weekly fractals. Additionally, there is the potential emergence of a double top reversal pattern . This pattern has a critical support level at $89,164, which acts as a neckline. A breakdown below this support could threaten the weekly fractal support positioned at $91,530. If the breakdown confirms , Bitcoin may experience a significant decline, targeting the previously broken monthly fractal resistance at $73,794 , representing a potential 17% drop . This level coincides with the 200% Fibonacci extension, often seen as a default target for a double top reversal. Despite the downside risks, a corrective move lower may provide a bullish setup. A key support level at $76,368 aligns with the 161.8% Fibonacci extension of the last bullish swing. A potential Bullish Deep Crab Pattern could form around this level, indicating a possible reversal. If Bitcoin reaches this zone, traders should monitor price reactions for signs of recovery. Will Bitcoin break higher, or is a deeper correction on the horizon? Stay tuned for further updates! Key Takeaways Weekly Fractal Resistance: $109,359 Weekly Fractal Support: $91,530 Daily Fractal Resistance: $98,871 (rejecting 38.2% Fibonacci retracement at $98,314) Daily Support: $93,340 (above weekly fractal support) Critical Support Level: $89,164 (neckline for a potential double top) Downside Target: $73,794 (previous monthly fractal resistance, aligning with 200% Fibonacci extension) Bullish Reversal Zone: $76,368 (161.8% Fibonacci extension, potential Bullish Deep Crab Pattern) It is important to remain neutral regarding bias unless the price confirms the pattern with a breakdown below the neckline. Until that happens, the market structure remains open to different scenarios, and traders should focus on confirmation signals rather than assumptions. Happy Trading, André Cardoso Risk Warning: Trading financial assets carries a high level of risk and may result in the loss of all your capital. Make sure to fully understand the risks involved before you start trading and carefully consider your investment objectives, level of experience, and risk tolerance. The data and information provided in this content do not constitute financial or investment advice and should not be considered as such. Only invest what you can afford to lose, and be aware of the risks associated with trading financial assets.
BITSTAMP:BTCUSD
by Andre_Cardoso
Microchip Tech. 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 # Microchip Tech. Stock Quote | Chart & Forecast Summary - Double Formation * A+ Set Up)) At 99.00 USD | Subdivision 1 * ((No Trade)) & Bottom Structure | Invalid Pattern Confirmation - Triple Formation * (Continuation Argument)) | Retracement Area | Subdivision 2 * Numbered Retracement | Downtrend Set Up | Subdivision 3 * Daily Time Frame | Trend Settings Condition - (Hypothesis On Entry Bias)) * (Neutral Area)) At 53.00 USD * Ongoing Entry & Channel Structure Feature 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
PEPPERSTONE:MCHPShort
by TradePolitics
The Kroger Co. 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 # The Kroger Co. Stock Quote - Double Formation * (Entry Bias Hypothesis)) | Completed Survey | Subdivision 1 * 1st Retracement | 1 Area & Entry Bias - Triple Formation * ABC Flat Feature | Support & Resistance Area | Subdivision 2 * 2nd Retracement Configuration | 0.618 Area | Subdivision 3 * Daily Time Frame | Trend Settings Condition - (Hypothesis On Entry Bias)) * (Neutral Area)) At 73.00 USD * Ongoing Entry & Channel Mark Up 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 | Buy
PEPPERSTONE:KRLong
by TradePolitics
LTCUSDT on the Edge – Major Breakdown or Fakeout?Yello, Paradisers! Is LTCUSDT on the verge of a major drop? The signs are stacking up, and if you’re not watching closely, you could miss a big move. 💎Right now, LTCUSDT is looking bearish as it forms an M-pattern near the resistance trendline of a descending channel. At the same time, a bearish divergence is confirming the weakness in momentum. On top of that, we’re seeing a triple-three wave pattern playing out, which further increases the probability of a downside move. All these signals combined suggest that sellers are gaining control. 💎If LTCUSDT breaks down and closes candle below the support level, the M-pattern will be validated, opening the door for a significant move lower. 💎However, if the price consolidates around this level without breaking down, the setup loses its strength, and in that case, it’s best to ignore it as a low-probability trade. 💎On the flip side, if LTCUSDT manages to break out and close candle above the resistance zone, the entire bearish outlook would be invalidated. In that scenario, waiting for fresh price action before making any moves would be the smartest approach. 🎖 Discipline and patience separate the pros from the amateurs. Stay sharp, Paradisers—trade only high-probability setups, and you’ll always stay ahead of the game! MyCryptoParadise iFeel the success🌴
Short
by MyCryptoParadise
12