Double Top or Bottom
BSP Financial Group Ltd 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
# BSP Financial Group Ltd Stock Quote
- Double Formation
* Numbered Retracement | 0.618 & 1 | Subdivision 1
* (Uptrend Argument)) | Completed Survey & Entry Bias
- Triple Formation
* 012345 | Wave & Entry Feature | Subdivision 2
* Double Bottom Structure | Long Set Up & Support | 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 | Buy
GBPJPY - Technical Analysis [Long Setup]🔹 GBPJPY Analysis on 1H chart
- The current Trend is BULLISH
- There is divergences
- Reversal pattern is present which is double bottom
🔹 Trade Plan For 1HR
- Entry Level = 188.324
- Stop Loss = 187.090
- TP = 190.797
🔹 Risk Management
- First TP is 1:1
- Second TP 1:2
- BE @ TP1
🔹 How to Take Trade?
- Only risk 1% of your portfolio
Like and subscribe to never miss a new idea! ✌🏼
LONG ON CAD/JPY- Falling Channel at major support/demand are with a breakout (Bullish reversal pattern)
- Price Failing to break lows creating triple bottom/support area. (bullish)
- Jpy index has a head and shoulder pattern and is falling. (bullish for xxx/jpy pairs)
I will be buying CAD/JPY expecting price to rise for the rest of the week.
$NASDAQ:RR Double Bottom Breakout Setup - 50-80% upsideNASDAQ:RR looks like it's setting up for a possible breakout.
What to look for:
Price closes above the breakout threshold ($3.90)
Volume is spiking - looking at recent spikes, looks to be ~60++M shares
Squeeze is expanding in a positive direction (UP!)
MACD is signaling BUY
William %R is pushing into oversold territory (~20% or less)
Entry:
Depending on your risk threshold there are a couple of places that I'd suggest...
Current price - more risk, but higher reward ~85% upside
Price after closing above $3.90, less risk, but lower reward ~50% upside
Price Target:
As shown on the chart $5.83
USDCAD on 1h time frame . Testing historical Resistance levelsUSDCAD 1H Analysis – February 10, 2025
📈 Potential Bullish Reversal
The chart shows a double bottom formation near 1.4280, which is a strong bullish reversal pattern.
Price has bounced from this level, suggesting a possible upward move.
📊 Key Resistance Zones to Watch:
1.4550 - 1.4570 → First key resistance (previous support turned resistance).
1.4780 - 1.4800 → Major resistance area where price previously rejected strongly.
🔍 Trading Outlook:
A break above 1.4350 could confirm the bullish momentum.
If price clears 1.4550, the next target would be 1.4800.
A rejection from resistance zones could lead to another decline.
📌 Conclusion: USDCAD is forming a potential bullish structure, but confirmation of a breakout above 1.4550 is needed before expecting further upside. 🚀
Dogwifhat Coin (WIF): Possible Double Top Pattern / FallingDogwifhat coin seems desperate, where price is looking like it is about to fall hard.
We noticed on bigger timeframes the formation of a "double top" pattern, which upon breaking the neckline zone would result in a possible 60% downfall so keep attention at that neckline zone for now!
Swallow Team
Genpact Limited 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
# Genpact Limited Stock Quote
- Double Formation
* Double Bottom Structure | Entry Bias | Subdivision 1
* Numbered Retracement | Long Support
- Triple Formation
* 1st Trendline | Completed Survey | Subdivision 2
* 2nd Trendline | Uptrend Bias & Pattern Confirmation | 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 | Buy
EURUSD: Bearish Outlook Explained 🇪🇺🇺🇸
It feels like EURUSD may continue falling,
following a strong bearish reaction to the underlined
key daily/intraday resistance.
A breakout of a neckline of a double top pattern on a 4H
give a strong bearish confirmation.
Next support - 1.0295
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Cocoa UK Commodity 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
# Cocoa UK Commodity Quote
- Double Formation
* (Uptrend Argument)) | Completed Survey
* 2X Pattern Structure | Combo Feature & Entry Bias | Subdivision 1
- Triple Formation
* Numbered Retracement | 0.786 & 1 | Subdivision 2
* Trendline 1&2 | Neutral Bias | 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
GE Aerospace 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
# GE Aerospace Stock Quote
- Double Formation
* (Consolidation Argument)) | Complete Reversal Area
* ABC Flat Feature | Continuation Entry | Subdivision 1
- Triple Formation
* Pattern Reversal | Uptrend Bias & Entry | Subdivision 2
* Numbered Retracement | Long Entry & Supported Survey
* Daily Time Frame | Trend Settings Condition | Subdivision 3
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 | Buy
Rush Street Interactive 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
# Rush Street Interactive, Inc. Stock Quote
- Double Formation
* (Uptrend Argument)) At 7.50 USD | Subdivision 1
* 012345 Wave Count | Entry Feature Survey
- Triple Formation
* ABC Flat Wave Continuation | Subdivision 2
* Numbered Retracement | Uptrend Bias | 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 | Buy
US30 Bearish M-Pattern Setup for Next Week Overview: Potential M-Pattern (Double Top) Formation
Analyzing the US30 4H chart, we might see a bearish M-pattern develop next week.
Here’s why:
🔹 Price Action: Rejection near the 0.786 - 0.886 Fibonacci zone suggests a potential reversal.
🔹 Bollinger Bands 📊: Price hit the upper band and is contracting, signaling a potential downside move.
🔹 RSI 📉: Falling from overbought and heading toward 40, confirming bearish momentum.
🔹 MACD ⚡: Bearish crossover happening, with the histogram turning red—momentum is shifting down.
🔹 Fundamental Catalyst: Next week’s economic events:
CPI Data (Tuesday) 🏦
Retail Sales (Thursday) 🛍️
Unemployment Claims (Thursday) 📊If inflation remains high, the Fed could maintain a hawkish stance, further weighing on US30.
🔥 Bearish Trade Plan 🔥
🔢 Entry Zone: 44,600 - 44,750 (Watch for rejection)
🔢 Confirmation:
✅ Bearish engulfing candle 🔥
✅ RSI below 50
✅ MACD maintaining bearish momentum🎯 Take Profit Levels:
TP1: 44,350 (0.618 Fib Level)
TP2: 43,950 (0.5 Fib Level)
TP3: 43,075 (0.382 Fib Level - Strong Demand Zone)
🚨 Stop Loss: Above 44,900 to protect against false breakouts ⚠
💸 Risk-Reward: Aim for 1:2 or better
Final Thoughts 🤔
If the M-pattern plays out, expect a bearish move next week. However, CPI data will be a key factor—stay flexible and manage risk!
🚀 Trade smart & stay disciplined! 🚀
Do not risk more than 1% of your account.
Comment your thoughts and follow for more cool ideas
Regards,
Nozuk
#US30 #Trading #PriceAction #TechnicalAnalysis #Forex #Indices #Nozuk
Selling SPY after signs of lost of momentumSPY has once again tested the ATH level, marking its third approach to this price zone and, once again, making a reversal candle. It feels like the market may be losing momentum, so I’ve decided to set up a bear put spread trade that would benefit from a potential decline within the next 42 days. All information is available on the chart.