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Double Top or Bottom

POV : FACT : Another Wave of ProfitPOV : FACT : Another Wave of Profit Chart Reading: 1. Facts of FACT were in a downtrend reflected by both trend lines (High and closed based). 2. Support : Took Support at 2.A) Previous Resistant & Breakout Zone 2.B) Fib Level 0.618 2.C) 200 SMA 3. Form neat Adam and Eve at the Bottom. 4. Closing Basis Trend Line Breach on 28th Nov. 5. High Basis Trend Line Breach on 29th Nov. 6. Huge Volume on 29th Nov. which gives me additional confirmation of breakout. Concern : 1. Huge Range Expansion 2. Cover Almost 5 Fractals high in one candle. (although it's a bullish sign but we get stop loss gets far) Action Plan : Either Wait for Pullback or Go for Breakout. Both Entry levels and targets are shared here for your educational purposes. you have to decide which kind of trader you are. I am attempting both: if breakout first then go with half qty and rest of add at either POA or Pullback. Disclaimer : For educational purposes only. This is not financial advice. Please consult a professional before making financial decisions. #NiVYAMi
NSE:FACTLong
by kzatakia
Digibyte looks like it’s validating the invh&s breakoutDigibyte shown here on the daily chart showing a nice bullish impulse firmly above the neckline of its inverse head and shoulders pattern. Already well on the way to the breakout target here so very likely validating the breakout. Also doing so a day or so before it has its golden cross. Once it reaches the full breakout target it’s likely to test the next potential resistance of the yellow horizontal trendline. That trendline is actually the neckline of a larger double bottom pattern. Wouldn’t be surprised with the golden cross so close by that whatever resistance that double bottom neckline provides doesn’t last very long *not financiala dvice*
CAPITALCOM:DGBUSD
by DrDovetail
20% roi posible Zeal Aqua Limited (4H Chart Analysis) Current Price: ₹12.90 Key Levels: Support Zones: ₹12.21 | ₹10.21 Resistance Zones: ₹12.32 | ₹15.77 | ₹18.45 --- Pattern Explanation: Double Bottom Pattern: Chart par ek double bottom formation dekhne ko mil raha hai, jo ek strong bullish reversal pattern hota hai. Price ne do baar lower support zone (₹10.21) ko test kiya aur wahan se reversal dikhaya. Is pattern ka breakout ₹12.32 ke upar confirm hota hai. Breakout ke baad price ₹15.77 aur ₹18.45 tak ja sakta hai. Moving Average Crossover: Price ne 200 EMA ko tod diya hai, jo ek aur bullish confirmation hai. Long-term resistance tod kar price uptrend mein jaa sakta hai. --- Trade Setup: Entry: ₹12.32 ke upar breakout ke confirmation ke saath. Stop Loss: ₹10.21 ke neeche. Target 1: ₹15.77 Target 2: ₹18.45 --- Volume Analysis: Volume me gradual uptick dikh raha hai, jo breakout ke liye zaroori hai. Agar volume high rahe toh breakout sustainable hoga. Risk-Reward: Chart ka risk-reward ratio attractive hai. Stop loss tight rakhein aur targets logical levels par hain. --- Conclusion: Ye setup short-to-medium term ke liye bullish hai. Double Bottom pattern aur 200 EMA breakout strong signals de rahe hain. Entry lene se pehle breakout confirm hone ka wait karein aur apna risk manage karein. --- Note: Ye analysis purely technical hai. Apni risk appetite aur market conditions ka dhyan rakhein!
BSE:ZEALLong
by pas_infinity
Coherus BioSciences | 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 # Coherus BioSciences - Double Formation * Support=0 | EMA 20 | Area DIsclosure | Subdivision 1 * Neckline | Pattern Alignment At 2.40 - Triple Formation * Entry Bias Hypothesis | Entry Area | Subdivision 2 * Retracement | 0.5. 0.236 & 0 * Angle 1 | 3,4,5 Wave Template | Subdivision 3 Active Sessions On Relevant Range & Elemented Probabilities; London(Upwards) - NYC(Downwards) Conclusion | Trade Plan Execution & Risk Management On Demand; Overall Consensus | Neutral
CAPITALCOM:CHRS
by TradePolitics
Neogen Corp | 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 # Neogen Corp - Double Formation * A+ Set Up | Short Bias Sentiment | Subdivision 1 * Retracement 1 | 0.5 & 1 - Triple Formation * 012345 | Wave 3 & 4 | Angle 1 | Subdivision 2 * Neckline | Pattern Involvement | No trade(Reversed) * Retracement 2 | 1, 0.786, 0.618 & 0.5 | Subdivision 3 Active Sessions On Relevant Range & Elemented Probabilities; London(Upwards) - NYC(Downwards) Conclusion | Trade Plan Execution & Risk Management On Demand; Overall Consensus | Sell
CAPITALCOM:NEOGShort
by TradePolitics
CRV potentially breaking above a Double bottom neckline hereCurve like any other altcoins has responding very parabolically to its goldencross. It has now gone above a potential double bottom neckline, however, as much as it has pumped recently I would not be surprised to see it correct back down below this neckline for a bit. If it does that it may form another neckline slightly higher for a potential inverse head and shoulders pattern. If it does just continue up fro here instead then the target shown on the above chart is the ost probable one to expect. *not financial advice*
COINBASE:CRVUSD
by DrDovetail
POWERGRID MAY FALL DUE TO DOUBLE TOP FORMATION DOUBLE TOP FORMATION : powergrid has formed a perfect double top pattern on weekly timeframe and seemed to be positioned for further fall. Although it had shooted up suddenly 2 weeks back due to the uncertainty which bubbled up surrounding maharashtra election which affected whole whole stock market. But after the release of the election results it has started going down again BEARISH DIVERGENCE : Apartfrom double top it has also formed strong bearish divergence pattern on the chart with 2 divergent peaks having formed on chart & rsi 4th mar & 29th july respectively indicating strong bearish momentum for powergrid BEARISH MACD : macd indicator has also become extremely bearish with macd line hovering below signal line by large margin PROFIT TARGET : The stock will fall till 299 level which is 22 points away from current level
NSE:POWERGRIDShort
by peace_lover
Apecoin chart per request.I’m not entirely sure how this chart will play out, currently looks like this chart’s price action is heading towards this brown trendline that will either serve as a double bottom neckline or if it holds resistance for a candle or few t will become the top trendline of a valid descending channel at that point, either way the target would be the same for a breakout from either pattern, won’t be able to dial in the exact placement of the dotted goldenrod colored measured move line until price chooses where it’s going to trigger the breakout but I believe I have arbitrarily placed it in a close enough radius to get a within the ballpark of a decent price target guesstimation. Once again we see a big bullish pump coinciding with the golden cross as well. *not financial advice*
COINBASE:APEUSD
by DrDovetail
Goldencross even causes coins like EOS to go parabolic You know when even a long considered dead coin like EOS also responds with a parabolic pup on the day of its golden cross that at this point my hypothesis has to be proven. This is like the 20th example I’ve given of this occurring the same day as a chart’s golden cross. Remember this behavior the next time alt season begins during the second parabolic leg of a bitcoin bullrun. Anyways I never expected to chart an EOS chart but here we are. Would normally never hold this coin but do see it as an opportunity to at least take a position in it to its eventually double bottom breakout target. *not financial advice*
COINBASE:EOSUSD
by DrDovetail
4
Long-term Cup & Handle PatternA long-term cup & handle pattern has formed in Nintendo (I have been buying during the "handle" formation). It's not a perfect setup as the top of the "handle" is higher than the high near the end of 2007, although that's in the chart adjusted for dividends. It looks a lot more clear on the chart that's not adjusted for dividends (I will post an update with that). Additionally, the "cup" formation is pretty deep, which likely limits upside from here. Therefore, I think a 50% rise is possible if it can decisively break out above $16 on a monthly closing basis. (This would be a price target in the mid-$20 range; more may be possible, and would be welcomed, but at some point I would have a stop loss in mind and hopefully it would continue to run for a while. I will update this idea if/when that happens.)
OTC:NTDOYLong
by PatientContrarian
Quant’s big green candle today coincides w/ its goldencrossJust like so may other alt coins around the market, Quant exploded upward on the day of its golden cross as well. There’s a slight chance t could pull back from here in which cae then it could possibly form a right shoulder of a potential inverse head and shoulders and give people a chance to enter in lower before the next leg up, or it could just keep pumping right through this current tan colored resistance line and continue up to the purple neckline of it’s massive double bottom pattern. Ether way whenever it flips that purple line to solidified support,the breakout target can send Quant all the way back up to its old all time high, likely making a new all time high in the process. Looking forward to seeing where this one goes. *not financial advice*
COINBASE:QNTUSD
by DrDovetail
Cardano - Repeating the +3.000% bullish cycle!CRYPTO:ADAUSD is creating price action like back in 2020 and we might see a rally soon. Looking at the higher timeframes allows you to massively capitalize on overall market swings and cycles. Especially when it comes to Cardano, these cycles are pretty rewarding but also pretty predictable. At the moment, Cardano is repeating price action; we saw the same pattern playing out in 2020 and this break and retest was followed by a rally of +3.000% Levels to watch: $0.42, $0.25 Keep your long term vision, Philip - BasicTrading
CRYPTO:ADAUSDLong
by basictradingtv
38