Get started

Double Top or Bottom

Cholamandalam: Bouncing Back After Correction?Cholamandalam Investment & Finance Company has been recovering after a period of decline. The price had fallen around 14% from its highest level in the past year but recently showed signs of regaining strength. A rounded formation can be seen where the stock gradually stopped falling and then started moving up again. Currently, it is trading around ₹1,414, which is near a key level where it has faced some resistance before. The overall trend in the past year has been a mix of strong upward movement, followed by a correction, and now a possible attempt to regain lost ground. The next few weeks will determine if the price continues to hold this momentum. Disclaimer "Not SEBI registered. This is for educational purposes only, not financial advice. Do your own research before investing." #StockMarket, #Trading, #Investment, #TechnicalAnalysis, #ChartPatterns, #StockMarketIndia, #PriceAction, #MovingAverages, #SupportAndResistance, #SwingTrading, #NSE, #BSE, #FERMENTABiotech, #VolumeAnalysis, #TrendReversal, #StockMarketEducation, #FinancialMarkets, #IndianStockMarket, #WealthBuilding
NSE:CHOLAFINLong
by AkmeAnalytics
Bitcoin is Dead for upcoming Weeks soon 92K will break and DumpWe are looking for next phase dump here as soon as possible major support which is 93K$ support zone had about 7 touches and soon this support will not be able to handle and pump the price any more because buyers are getting weaker and also less each time and also after that major fall will start and we may have targets like 80K$ or even 73K$. Also remember double top on daily will be complete after breakout of neckline which is 93K$ breakout. DISCLAIMER: ((trade based on your own decision)) <<press like👍 if you enjoy💚
Short
by MMBTtrader
70
HOOKUSDT Breakdown Incoming? Key Signals Point to Bearish Move!Yello, Paradisers! Is HOOKUSDT gearing up for a major drop? The current structure suggests a strong probability for further downside as the price follows a triple three-wave pattern within a descending channel. 💎HOOKUSDT recently faced strong resistance from multiple confluences: 50 EMA rejection, Key resistance zone, Descending channel’s trendline, Formation of an "M" pattern. These factors increase the likelihood of a wave Z move downward. However, for confirmation, we need a clear breakdown of the support level with a candle close below it and high volume. 💎The broader crypto market also leans bearish, but waiting for the actual breakdown will further strengthen our probability of a successful trade. 💎Invalidation? If the price bounces and closes candle above the resistance zone, the bearish outlook gets invalidated. In that case, it’s smarter to stay patient and wait for a stronger setup. 🎖 Discipline and patience are key, Paradisers! The market always rewards those who wait for the highest-probability trades. Stay sharp! MyCryptoParadise iFeel the success🌴
Short
by MyCryptoParadise
2
$BTC Trading Idea – Short-Term BounceCRYPTOCAP:BTC Trading Idea – Short-Term Bounce Pattern: #BTC is forming a double bottom, indicating a potential trend reversal. RSI Divergence: Clear bullish divergence on RSI confirms buying momentum. Target Levels: First target: $89,000 Second target: $91,000 Third target: $93,500 Outlook: Expecting a short-term bounce before a potential correction. Monitoring price action closely for confirmation. This setup suggests a high-probability move to the upside in the near term.
BINANCE:BTCUSD.PLong
by crypto_vulture_signals
ETH/USD - Technicals and Fear Index Point to Upside!Welcome to another Wolf of Blockstreet analysis where I take a look on ETH/USD! On the weekly timeframe, we can observe a significant market structure since the last low in September 2024. ETH in 2024 underwent an ABC correction into a strong support zone, followed by a massive wick up. This was followed by two bullish weeks, establishing a higher high, and then a wick fill down that set up a double bottom pattern. This could be happening again. Additionally, we see a long-term support trendline in play here, reinforcing the bullish setup. At the same time, the Fear and Greed Index is at a historically low level, signaling extreme fear in the market. As of February 27, 2025, the index stands at 10, which is even lower than the fear levels seen during the FTX crash in November 2022. Historically, extreme fear in the market has often represented one of the best times to buy, as it tends to be followed by a recovery and upward movement in prices. The double bottom pattern on ETH/USD, combined with the extreme fear indicated by the Fear and Greed Index, could signal a potential reversal to the upside. My key area to look for long-term buying opportunities lies in the $2000-$2200 range. This zone provides strong support and could serve as an ideal entry point for those looking to accumulate ETH for the long run. However, this idea would become invalid if we see a weekly candle close below this range, indicating a potential shift in market dynamics. While both the technical analysis and market sentiment suggest a bullish reversal could be on the horizon, we need to see confirmation here and the cryptocurrency market remains highly volatile. Investors should conduct thorough research and be aware of the inherent risks before making any trading decisions. For more updates you can follow me on X: @PuppyNakamoto
BINANCE:ETHUSDLong
by WOLFofBlockStreet
Bearish Divergence on the weekly chart !Hello Traders 🐺, Over the past few days, we've witnessed a massive market dump. Interestingly, just one day before BTC's drop, I published an idea predicting the downturn, yet it received the lowest engagement I've ever had! Why? Because most people were expecting a continuous pump. But here's the truth: even in a bull market, price corrections are inevitable — that's how the market functions. 📉 So, if you want to stay ahead of the game and not miss the next big move, make sure you're following me for more insights! 🚀 Despite the recent dump, I still believe that Altcoins are about to experience a massive pump. But why? As you can see in the chart, there's a significant bearish divergence on the weekly time frame. And as many of you know, the higher the time frame, the more reliable the signals, so a bearish divergence on the weekly is something we can really count on. Secondly, we have a double top formation near a key resistance zone, which is a strong indication that a reversal could be near. Thirdly, we’re seeing a rising wedge pattern, which is another bearish sign. So, in my opinion, all these factors together strongly suggest that we’re about to witness a major correction in the BTC.D chart — and a huge pump in the Altcoin market! 🚀 🐺 Stay sharp, trade smart! – KIU_COIN 🐺
CRYPTOCAP:BTC.DShort
by Kiu_Coin
2
Is SNXUSDT About to Make a Big Move? Yello, Paradisers! SNXUSDT has shown an ideal retracement, setting up a high probability for a bullish bounce from the current support zone. 💎There’s potential for a W-pattern formation here. If the price successfully breaks out and closes candle above the resistance level, this would significantly increase the likelihood of a bullish continuation. 💎However, while a bullish move is possible, the probability at this stage is relatively low, making it a scenario worth watching but not acting on just yet. 💎If panic selling or a deeper retracement occurs, the strong support zone below may offer a favorable bounce. To increase confidence in this setup, we need to see a bullish I-CHoCH (internal change of character) on lower timeframes. 💎On the flip side, if SNXUSDT breaks down and closes candle below the strong support zone, the bullish thesis will be invalidated. In that case, it’s best to remain patient and wait for more favorable price action to develop. 🎖Always remember, Paradisers, discipline and patience are the keys to consistent profitability. Avoid making emotional decisions and stick to your strategy. The market rewards the patient! MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise
3
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
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