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Double Top or Bottom

Boeing Stock Short-Term Short TradeTrade Details: Entry Price: Shorted at $165. Pattern Identified: Double Top formation at the $165 level. Neckline Break: Price broke below $162.38, signaling potential further decline. Confirmation Zone: Watching the $158-159 range for additional bearish confirmation. Analysis: The double top pattern indicates a possible reversal from recent highs. The break below the neckline at $162.38 suggests increasing bearish momentum. A move into the $158-159 range may confirm the downward trend. Trading Plan: Stop Loss: Set above $165 to limit potential losses. Target: Aiming for profits if the price continues to drop below $158. Time Frame: This is a short-term trade focusing on quick market movements.
NYSE:BAShort
by Mercury812
Continue to buy goldAs I mentioned in my last article, gold will continue to rise. We went long on gold near 2662 in the last transaction and closed the transaction by hitting TP: 2676 for profit, easily earning 140 Pips, a very successful transaction! At present, gold has risen to a maximum of around 2679, breaking yesterday's high in one fell swoop. The hourly level M top suppression has been ineffective, and the rising pattern remains intact. At present, gold still has the momentum and space to continue rising, so gold may still rise or even try to touch around 2690. , then we can just follow the trend and go long gold in trading. Of course, we can't chase gold directly, but because gold has a small retracement space during the rise, we can't expect too much retracement before going long on gold, and the short-term support area has moved up to the 2670-2660 area, so we can go long on gold based on this support area. Bros, do you continue to be bullish on gold with me? If you want to learn more detailed trading ideas and get more trading signals, you can choose to join the channel at the bottom of the article to make trading no longer difficult and make making money a pleasure!
OANDA:XAUUSDLong
by Trader_Marvin
POV: MAHASEAMLES - DROP - BASE - RALLYPOV: MAHASEAMLES - DROP - BASE - RALLY Chart Reading: Background: On December 3rd, I entered this stock at a swing high breakout after observing the following parameters: 1. A Double Bottom pattern (A1 - A2) formed at the Fibonacci 0.618 level. 2. This was followed by a Double Top pattern (B1 - B2). 3. Momentum and trend aligned perfectly, indicating synchronization. This entry provided the expected move with unexpected speed, reaching Target 1. Today, I observed another significant pattern currently forming: DROP - BASE - RALLY. If the upcoming session gives a pullback before crossing the gap zone, it would present a strong setup to aim for the pattern target and Target 2. For educational purposes only. This is not financial advice. Please consult a professional before making financial decisions. #NiVYAMi
NSE:MAHSEAMLESLong
by kzatakia
GBPUSD Short On Higher US CPITrade idea Continue longer term GBPUSD downside with diverging macroeconomic data's and central bank policy. Entering trade if USD CPI comes in higher to support USD strength. Fundamentals GBP - The BoE has cut rates from the high of 5.25% to the current rate of 4.75% with more MPC members voting for a cut than anticipated. Inflation is holding around the target rate, currently at 2.3% with an increase in unemployment to 4.3% (previously 4%). PMI's and GDP have also seen lower readings in recent months, all of which supporting the continuation of the BoE's rate cutting cycle. USD - The FED has been matching the BoE with the pace of the interest rate cuts but they have continued to stress the fact that they are data dependant and will hold rates if necessary. The hawkish undertones and the effects of the "Trump trade" had seen USD strength considerable over recent weeks. US CPI has increased from 2.4 to 2.6% with tomorrows release due to rise again, NFP increased more than expected along with PCE and PPI. Trigger - Along with the technical setup below, I will be looking for the potential to place a short order beneath technical levels ahead of the US CPI. If this data comes out stronger to further support the GBPUSD short the order will be triggered. If CPI is softer, the order will be cancelled. Technical Setup 4hr - Clear trend lower with 200 EMA confirming trend direction - Retracement back into a 50-61.8% fib level, 1.28000 psychological round number - 200 EMA acting as dynamic resistance - Weekly volume profile cave filled and acting as resistance 1hr - Counter trendline and channel with price most recently failing to reach the channel high, possibly indicating counter trend weakness. - Unconfirmed double top price pattern, breakout lining up with counter trendline - 14 period RSI showing bearish divergence Order placement will be below counter trendline breakout ahead of CPI release with the stoploss behind the swing high and a target at the recently swing long with potential to extend. If the level breakout before CPI wait for entry, if CPI comes in lower than expected remove order.
Short
by ElGore18
1
USDT dominance. Has crypto topped?Usdt dominance is an indicator used by professional crypto traders to gauge the health of the entire crypto market. When Usdt goes down normally cryptos go up. Recently the crypto markets surged as the usdt has fallen. It has fallen so much that it has reached an oversold state and formed a double bottom. Does this signal a major correction in the crypto market? Historically it has. How low will the crypto markets fall and for how long? Keep an eye on the usdt to find out the correlation.
CRYPTOCAP:USDT.D
by ParabolicP
2
B&M Europealue Retail | 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 # B&M Europealue Retail - Double Formation * 6.1500 GBP | A+ Set Up * Neckline | Top / Bottom Structure | Subdivision 1 - Triple Formation * Pennant Structure | Short Continuation | Subdivision 2 * 012345 | Wave 3 Ongoing * Retracement | 50% Valid Area At 3.8155 GBP | 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:BMEShort
by TradePolitics
BJs Wholesale Club Holdings | 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 # BJs Wholesale Club Holdings - Double Formation * 0 & 0.786 | Uptrend Bias * Pennant Structure | Ranging Area At 75/90 USD | Subdivision 1 - Triple Formation * Flag Structure | Neckline Continuation At 91.10 | Subdivision 2 * 345 Template Hypothesis | Angle 1 Long Set Up | Subdivision 3 * Daily Time Frame | Trend Behaviour & Entry Active Sessions On Relevant Range & Elemented Probabilities; London(Upwards) - NYC(Downwards) Conclusion | Trade Plan Execution & Risk Management On Demand; Overall Consensus | Buy
CAPITALCOM:BJLong
by TradePolitics
WhiteHorse Finance Inc. | Chart & Forecast SummaryWhiteHorse Finance Inc. | Chart & Forecast Summary Key Indicators On Trade Set Up In General 1. Push Set Up 2. Range Set up 3. Break & Retest Set Up Notes On Session # WhiteHorse Finance Inc. - Double Formation * A+ Set Up | Downtrend Continuation | Subdivision 1 * Retracement | 0, 50 & 1 - Triple Formation * Pennant Structure At 12.40 | Subdivision 2 * 012345 | Wave 3 Ongoing * Top | Bottom Structure | Hypothesis | Short Set Up | 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:WHFShort
by TradePolitics
XRPUSD currently retesting support on the double bottom necklineWe currently have one weekly candle close above the double bottom neckline and the currently weekly candle is still currently holding support on that same neckline with 3 more days left to go before it closes. A close above the neckline would certainly be a bullish sign especially when the entire candle’s body closes above such a resistance level. Considering Trump just appointed PayPal Mafia’s David Sacks as cryptocurrency/AI czar,I think probability favors a breakout up fro XRP’s double bottom pattern. Were price to confirm the breakout from the spot it just recently broke above the neckline at, then the full breakout target will be $4.0422 a most auspicious number full of multiple numerogically encoded 11-11’s. I also think if we are fractally mirroring 2016’s huge breakout move, that $3.80 or perhaps 3.84 could be an important level to watch also both very auspicious numbers as well, though the 4.0422 target would be preferred considering it would make for a new all time high. Whichever one it may be they will all get reached eventually this bull run in my opinion. *not financial advice*
BITSTAMP:XRPUSD
by DrDovetail
1