Get started

Double Top or Bottom

NVE Corp 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 # NVE Corp Stock Quote - Double Formation * 85.00 USD | Area Of Value | Subdivision 1 * No Trade)) | Pattern Reversal Invalid | Subdivision 2 - Triple Formation * (Consolidation Argument)) At 90.00 USD * ABC Flat Wave Count | Subdivision 3 * Daily Time Frame | Trend Settings Condition Active Sessions On Relevant Range & Elemented Probabilities; European Session(Upwards) - US-Session(Downwards) - Asian Session(Ranging) Conclusion | Trade Plan Execution & Risk Management On Demand; Overall Consensus | Neutral
CAPITALCOM:NVEC
by TradePolitics
EUR/GBP: PAT + VPA 11/2/2024Good morning, I will be closely observing the EUR/GBP currency pair on a daily basis, as I expect a bullish pullback or reversal to materialize in the forthcoming weeks. - 1W / Weekly Analysis: The market has recently dipped to a low of 0.839, with current support established at 0.832. The price has tested the 0.832 level multiple times without breaching it, suggesting a diminished appetite for selling at this juncture. Additionally, the presence of significant wicks accompanied by relatively smaller bodies may indicate a potential selling climax. - 1D / Daily Analysis: The daily time frame reveals the formation of a double bottom pattern at the weekly support level of 0.0832. Presently, the price is retesting the recent swing high of 0.84, which represents the latest peak. The price has demonstrated its capacity to remain above the 0.84 threshold, and I anticipate a continued upward movement towards 0.846 in the upcoming weeks. OANDA:EURGBP XETR:DAX TVC:BXY ThePipAssassin
Long
by ThePipAssassin
1
APEUSDT: Can Bulls Defend This Key Zone?Yello, Paradisers! Could APEUSDT’s Next Move Shock Traders? Here’s What to Watch! 💎APEUSDT has grabbed attention after completing a healthy retracement and taking out the inducement. But is this setup ready to explode into a bullish rally, or could deeper corrections be on the horizon? Let’s break it down step by step: 💎If APEUSDT forms a classic W-pattern or an inverse head and shoulders on the lower timeframes—and breaks above the resistance trendline—this could signal the start of a strong bullish move. These are high-probability setups that often precede a rally, so keep them on your radar. 💎In case of further retracement or panic selling, the strong support zone below could act as a critical bounce level. However, for this scenario to materialize, a W-pattern or inverse head and shoulders at this zone is essential to confirm bullish intent. Without these formations, the bounce may lack strength or fail entirely. 💎If the price breaks down and closes candle below the strong support zone, it would invalidate the bullish thesis entirely. At that point, stepping back and waiting for new price action setups will be the smarter play. Chasing trades in this kind of breakdown could lead to unnecessary losses—patience always pays off in the long run. Paradisers, this is where discipline separates winners from the rest. 🎖 Watch for those key patterns and stick to confirmed setups. Chasing the market without proper signals is a recipe for disaster. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise
10
Micro Copper Futures Headed to ~6 dollarsThe daily chart should be headed to ~5 and then ~6 dollars give or take. It already has a confirmed double bottom that is currently re-testing its neck after reaching the top of the larger wedge here and getting stopped there. If LTFs moves down to re-test 4.27 or even a pullback below it around the EMAs occurs, and these levels are held or reclaimed as supports, that would be a successful re-test of the double-bottom's neckline. That double-bottom's initial target would lead to a breakout of the larger wedge, after a failed breakdown (making it more likely already). A daily wedge break targets $5.97 as its initial take profit target, around $5.14 as the halfway point towards it. Good luck!
COMEX_MINI:MHG1!Long
by dudebruhwhoa
1
CFX Analysis: Potential Breakout After Double Bottom Formatationhello guys! Double Bottom Formation: The price has established a solid support zone around $0.1504, forming the base of a double bottom pattern. This structure indicates buyer strength and the potential for upward movement. Target Level: The breakout target is set at $0.1564, which aligns with a previous resistance zone. This level represents the next hurdle for the bulls. Two Scenarios: Scenario 1: A direct continuation of the bullish momentum towards the $0.1564 level. Scenario 2: A pullback to retest the neckline ($0.1504-$0.1510 area) before a potential rally to the target. Stop Loss Placement: A break below $0.1483 would invalidate the bullish setup, making it a suitable stop-loss level for risk management. ___________________ Strategy: For Long Positions: Enter on a breakout above $0.1539 with a target of $0.1564. Alternatively, wait for a retest of the neckline before entering. Risk Management: Place a stop-loss below $0.1483 to limit downside risk.
Long
by melikatrader94
5
EUR/AUD - Short Idea - Market OrderThis strong analysis in my opinion is looking to be changing Market Structure in the Higher Times Frames. As seen on the Daily TF we have made a new Strong High and price has respected that high with multiple TF supply zones and Mitigation Blocks Our 4H Chart is showing Lots of Sell side Liquidity also a double bottom acting as a magnet for price to sweep. Price as shown is in a Discount zone for the 4H but I would like to see price return into the higher Discount zone 1 more time to sweep previous Buy side Liquidity although due to selling pressure with multiple supply zones im not hopeful of this return. There for I have shorted with a market order. To add extra confluence for this trade I can notice a heads and shoulders pattern. Im risking 20 PIPS in reward for 150 PIPS taking out sell side Liquidity and breaking structure Good luck to all traders who decide to follow this plan
Short
by jamesibartram
1