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Double Top or Bottom

Invesco KBW | 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 # Invesco KBW - Entry Bias Hypothesis | Inflicted Entry - Triangle Structure | Wedge Inverted - Wave 1 | 12345 | Target Invalid - Double Bottom | Awaiting Target Active Sessions On Relevant Range & Elemented Probabilities; London(Upwards) - NYC(Downwards) Conclusion | Trade Plan Execution & Risk Management On Demand; Overall Consensus | Buy
CAPITALCOM:KBWYLong
by TradePolitics
Mettler - Toledo | 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 # Mettler - Toledo - Entry Bias Hypothesis - Wedge Structure | Downtrend Continuation - Double Top | Short Set Up | Target Valid - 12345 | Wave 2&5 - Double Bottom | Awaiting Target Active Sessions On Relevant Range & Elemented Probabilities; London(Upwards) - NYC(Downwards) Conclusion | Trade Plan Execution & Risk Management On Demand; Overall Consensus | Neutral
CAPITALCOM:MTDLong
by TradePolitics
Nordic Semiconductor ASA | 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 # Nordic Semiconductor ASA - Bias 1 | Resistance | Support | Uptrend Hypothesis - Bias 2 | Triangle | Short Set Up - Wave 1 & Wave 2 | 12345 - Double Top | Bias 1 | Target Template Feature - Double Top | Awaiting Target Active Sessions On Relevant Range & Elemented Probabilities; London(Upwards) - NYC(Downwards) Conclusion | Trade Plan Execution & Risk Management On Demand; Overall Consensus | Sell
CAPITALCOM:NODShort
by TradePolitics
SMA Solar Technology AG | 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 # SMA Solar Technology AG - Hypothesis Entry Bias - 12345 | Wave Set Up | Short - Double Bottom | Target Invalid - Double Top | Awaiting Target Active Sessions On Relevant Range & Elemented Probabilities; London(Upwards) - NYC(Downwards) Conclusion | Trade Plan Execution & Risk Management On Demand; Overall Consensus | Sell
CAPITALCOM:S92Short
by TradePolitics
GBP/NZD Trading Opportunity: Double Top in ActionI’ve spotted a textbook sell setup on the GBP/NZD pair, as seen in the chart. This setup is based on a double-top pattern, signaling a potential bearish reversal. Here’s my breakdown of the trade: 🔍 Trade Analysis Pattern: The market has formed a double-top near 2.1580, a clear resistance zone where buyers failed to push higher twice. Entry: I entered short after price broke below the neckline at 2.1520, showing strong bearish confirmation. Risk Management: Stop Loss: Positioned above the resistance at 2.1580 to minimize risk. Target: Aiming for a take-profit around 2.1400, aligning with previous support levels and the measured move from the double top. 💡 Lessons from the Setup Patterns like the double top offer high-probability setups when combined with proper confirmation and risk management. Risk-to-Reward Ratio: Always aim for setups that balance risk with reward. I’d love to hear your thoughts! Are you seeing similar setups on other pairs, or do you trade GBP/NZD differently? Drop your insights or questions below. Let’s grow together! 💬
Short
by Naeja
Keysight Technologies Inc. | 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 # Keysight Technologies Inc. - Wedge Structure | Supply Based Area - WXY | Wave Y - Head & Shoulders | Wedge Implemented - Double Top | Awaiting Target Active Sessions On Relevant Range & Elemented Probabilities; London(Upwards) - NYC(Downwards) Conclusion | Trade Plan Execution & Risk Management On Demand; Overall Consensus | Neutral
CAPITALCOM:KEYS
by TradePolitics
DGB blasts above double bottom target; invh&s now in play.Digibyte reached the double bottom breakout target and then some with yesterday’s big green candle. Now that it has spent the current daily candle consolidating, it has already consolidated long enough to make it so there is currently a valid inverse head and shoulders pattern in play on the 4 hour chart. If it takes a few more daily candles of consolidation before the next leg up then that inverse head and shoulders pattern will probably also qualify as a daily chart pattern as well. Digibyte has room for lots of upside, and now that I’m realizing it is a US based cryptocurrency, if Trump truly were to exempt US cryptos from capital gains tax, then I think it is a high probability digibyte could see new all time highs this bull run, which would mean tremendous upside from here. Even if digiibyte were simply to just trigger the breakout of this currently developing inverse head and shoulders pattern though, the target for that would almost double digibyte’s current value. So yes tremendous upside potential here. *not financial advice*
CAPITALCOM:DGBUSD
by DrDovetail
5
XAUUSD Bearish Reversal: Double Top and Golden Pocket Breakdown!OANDA:XAUUSD - 2Hr The analysis suggests the market is showing bearish signals, particularly after price rejected at key resistance zones during the Asian session. The Ascending Channel indicates an upward trend, but the breakdown from the channel signals that bullish momentum is weakening. Key Elements Driving the Short Trade: 1. Golden Pocket (0.5–0.618 Fib): The price has reached the Golden Pocket (between 0.5 and 0.618 Fibonacci levels), a strong reversal zone. Rejections in this zone often signal a potential change in trend, especially when combined with other bearish signals. 2. MML Major Resistance: The MML Major Resistance suggests that the market is encountering a significant obstacle, further validating the potential for a reversal. 3. Strong Resistance: The price is facing Strong Resistance at higher levels, which is causing the price to struggle and reject, confirming the reversal bias. 4. Double Top: The Double Top pattern at the Golden Pocket indicates that the price has attempted to break higher twice but failed, signaling weakness and a likely bearish shift. This pattern often leads to a trend reversal. 5. Price Gap: A Price Gap further confirms a shift in market sentiment, with a possible imbalance or sudden price movement that reinforces the bearish view. Current Price Action: During the Asian session, price broke down from the Ascending Channel, signaling a shift from an uptrend to a potential downtrend. The breakdown occurred near Equilibrium and the 50% Fib retracement, reinforcing the idea of a reversal as this is where price typically finds resistance in a trend. The Double Top at the Golden Pocket suggests a strong potential for a downward move as the price has failed to continue higher. Currently, the price is above a Strong Pivot Point, which is acting as support, potentially leading to a short-term pullback or consolidation before the bearish move continues. Interpretation: The combination of the Golden Pocket, Double Top, and rejection at key resistance levels gives a strong bearish signal. The ideal entry point would be after confirmation of price breaking below the Strong Pivot Point or failing to sustain above it, with a target near the next support or at Price Gap, as mentioned Price target. Place the stop loss just above the Double Top or near the Strong Resistance zone to limit risk in case the market reverses back up. In conclusion, the market is showing signs of a bearish reversal after rejection at multiple key levels, and the analysis points toward potential short opportunities with proper risk management. "Stick to Your Plan and Manage Risk, Happy Trading!"
OANDA:XAUUSDShort
by SpicyPips
7 Best Chart Patterns For Trading Forex and Gold If you are studying chart parts, I prepared for you the list of 7 price action patterns you should never miss. In this article, I will share with you powerful chart patterns for trading forex or any other financial market. These patters work perfectly for day trading, swing trading and scalping. We will study real market examples. I will explain the psychology and meaning of each pattern and explain to you how to trade them. The first chart pattern that we will discuss is double top. The pattern is formed on the edge of a bullish impulse. It is based on 2 equal highs and a higher low between them. A higher low composes a minor support. A strong bearish signal is a breakout of a neckline and a candle close below that. Entry is on its retest. Stop loss is above the highs. Target is the closest strong support. The bullish version of a double top pattern is called double bottom The pattern is formed on the edge of a bearish impulse. It is based on 2 equal lows and a lower high between them. A lower high composes a minor resistance. A strong bullish signal is a breakout of a neckline and a candle close above that. Entry is on its retest. Stop loss is below the lows. Target is the closest strong resistance. The second powerful pattern is a descending triangle formation. The pattern is formed on the edge of a bullish impulse. It is based on at least 2 equal lows and 3 lower highs between them. A falling trend line should respect the lower highs. A strong bearish signal is a breakout of a neckline and a candle close below that. Entry is on its retest. Stop loss is above the highest high. Target is the closest strong support. A bullish variation of a triangle pattern is called an ascending triangle. The pattern is formed on the edge of a bearish impulse. It is based on at least 2 equal highs and 3 higher lows between them. A rising trend line should respect the higher lows. A strong bullish signal is a breakout of a neckline and a candle close above that. Entry is on its retest. Stop loss is below the lowest low. Target is the closest strong resistance. Chart pattern number 5 - Cup & Handle pattern. Cup & handle pattern is the variation of a double bottom. The only difference between 2 patterns is 1 lower low and a consequent higher low, instead of 2 equal lows. Entry trigger and trade execution rules are absolutely the same as with a double bottom. Stop loss is strictly below the lower low. A bearish version of a cup & handle is called an inverted cup & handle. Inverted cup & handle pattern is the variation of a double top. The only difference between 2 patterns is 1 higher high and a consequent lower high, instead of 2 equal highs. Entry trigger and trade execution rules are absolutely the same as with a double top. Stop loss is strictly above the higher high. The last and the most powerful chart pattern is the range . Range is a strictly horizontal parallel channel where the price sets equal highs and equal lows, respecting the support and the resistance of the range. This chart pattern signifies that the market found equilibrium, a fair value. A strong bullish signal is a breakout of a resistance of the range and a candle close above that. Target will be the next strong resistance, stop loss should lie below the lows of the range. A strong bearish signal is a breakout of a support of the range and a candle close below that. Target will be the next strong support, stop loss should lie above the highs of the range. Of course, there are more patterns to study but these 7 are essential . Your ability to recognize them is the key for accurate price action trading. Learn to spot these patterns and good luck in your trading.. Let me know which patterns do you want to study in the next article. ❤️Please, support my work with like, thank you!❤️
OANDA:XAUUSDEducation
by VasilyTrader
4
GOLD (XAUUSD): Your Trading Plan For Today GOLD is currently trading in a unique area where a horizontal supply area has been recently broken and there is also a falling trend line. I anticipate a bearish accumulation in this specific area. To confirm a short position, look for a double top formation on the 1-hour time frame with a neckline between 2626 and 2620. Wait for a bearish breakout with an hourly candle closing below this level, then sell on a retest. The target for this trade will be 2592. If the price breaks above this zone, the setup will no longer be valid.
TVC:GOLDShort
by linofx1
1
ProShares Ultra S&P500 | 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 # ProShares Ultra S&P500 - Support=0 | Uptrend Equivalent - Bottom LIne | 0.5 Retracement - Double Bottom | Valid Target Structure - Wedge Structure | Hold & Range Active Sessions on Relevant Range & Elemented Probabilities; London(Upwards) - NYC(Downwards) Conclusion | Trade Plan Execution & Risk Management on Demand; Overall Consensus | Buy
CAPITALCOM:SSOLong
by TradePolitics
Soybean Meal Futures Spread : ZMN25-ZMQ25Excellent opportunity in this spread on soybean meal : - Margin requirements are low, as intracommodity spreads often are. - The spread is currently at -1 from its historical value of 1 in the 5-year average, and 0 in the 15-year average, and being long we have an additional favorable factor for more margin upwards - This spread has been in profit 80% of the time over the past 15 years - There is a very good trend in both averages and a trend duration of about 4 months - The average Risk Reward Ratio over the last 5 years is 17.13
CBOT:ZMN2025Long
by SwissTradingSchool