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Double Top or Bottom

Can $AMC come back to life again? NYSE:AMC is showing some good TA on the weekly and daily chart. We are visiting lows from the past, which reminds me of when I played NYSE:AMC and it visited the COVID lows. On both the Weekly and Daily we have the MACD in GREEN, RSI crossing MA which the weekly is showing downtrend being broke. Daily chart Is almost or is right on the 8 day crossing the 21 day EMA. Daily is also breaking the downtrend of ~$4.40 along with breaking the 100 day SMA. Holding VWAP form the low of $2.45 on 4/4/2025. NYSE:AMC Price as of 5/15/2025: $2.81 Need to see continuation out of the downtrend with volume Break the resistance level of $2.81 - $2.85, which has the 100 Day SMA around the $2.83 that needs to be cleared. Then $2.90 - $3.00 and we'll follow the Fib Levels and mark support/resistance levels as we go. This could get spicy so buckle up knuckleheads! NYSE:AMC Daily NYSE:AMC Weekly
NYSE:AMCLong
by Tillbob
5
5/15 Gold Trading Signals🌇Good afternoon, everyone! Yesterday, gold broke the support after some sideways movement and touched the buy zone near 3170, but profit was limited. Today, after opening, gold rebounded to above 3190 but faced resistance and started dropping again. Notably, the 1-hour chart shows bullish divergence, and although not yet corrected, such divergence usually leads to a rebound of at least $60 — a potential opportunity worth watching. 🗞 News Highlights: U.S. Initial Jobless Claims Research conference on monetary policy and economy These events may significantly impact gold, so stay alert. 📌 Today’s Trading Strategy: 🟢 Buy Zone: 3113 – 3076 🔴 Sell Zone: 3208 – 3223 🔄 Flexible Trading Ranges: ▫️3123-3152-3168-3187-3198 ✅ Maintain cautious, flexible positioning. Watch for divergence correction opportunities for a potential sharp rebound.
FOREXCOM:XAUUSDLong
by China_MsWang
INDIGO - Resistance Zone with RSI Divergence| Possible Reversal?Stock is currently testing a strong resistance zone around ₹5649, which has previously acted as a supply area. Despite bullish momentum, the RSI is showing bearish divergence, as marked by red arrows, each price high is not supported by a higher RSI peak. 🔍 Key Observations: Price is at previous swing high zone. Bearish RSI Divergence indicating possible momentum loss. Volumes are not confirming a breakout yet. Risk-Reward setup looks favorable for short-side trade if rejection seen. 🧠 Plan: Watch for price rejection at this level. Short below ₹5580 with SL above ₹5650. Potential target around ₹5150-5200 zone (previous support). 🕵️‍♂️ Wait for confirmation candle before entry. This setup is ideal for short-term positional traders with strict risk management.
NSE:INDIGOShort
by ProfitLossMereSath
GOLD → Correction ahead of news. Will the decline resume?FX:XAUUSD has been buying back all the losses from the Asian and Pacific sessions since the opening of the European session, but this looks more like a catapult being loaded... GOLD broke through the global consolidation base of 3200, which only confirmed the bearish market structure. Investors are waiting for PPI and retail sales data in the US, as well as Fed Chair Powell's speech. Expectations of fewer Fed rate cuts and optimism surrounding trade talks with China and South Korea continue to weigh on gold. However, weak macro data and a growing US budget deficit could revive interest in this safe-haven asset. GOLD is in a correction phase and is heading towards the zone of interest: the liquidity zone and previously broken support of global consolidation. Resistance levels: 3187-3190, 3200 Support levels: 3123, 3100 Gold may test the indicated resistance, but based on the nature of the market, this situation may end in a false breakout and a fall. Target 3123 - 3100. However, unpredictable data may temporarily change the market, which could lead to momentum towards 3220-3230. Best regards, R. Linda!
FX:XAUUSDShort
by RLinda
13
DOGE/USDT 1H Chart: Double Top or Expanding Triangle in Play?Dogecoin is serving up some spicy setup! We’re seeing a Double Top pattern forming, with DOGEUSD currently at $0.22 — right at the bottom line of this bearish formation. The two peaks hit resistance around $0.25 , signaling potential downside. However, if DOGEUSDT drops to the key support at $0.20 , this pattern could evolve into an Expanding Triangle (Megaphone) , which might set the stage for a bullish reversal! I’m eyeing a long entry at $0.20 . If DOGE holds this level and breaks above the Double Top resistance at $0.25 , we could see a surge toward $0.27 and beyond! On the flip side, a break below $0.20 could lead to further downside, possibly testing $0.18 . Key Levels to Watch: Resistance: $0.25 (Double Top resistance), $0.27 Support: $0.20 Breakout Target: $0.27+ Breakdown Risk: $0.18 Will DOGE bounce from $0.20 and rally, or are we in for a deeper dip? Let’s hear your thoughts below!
by ArShevelev
Ethereum - Bull run over Ethereum Weekly Chart Analysis (as of May 14, 2025) 1. Breakdown of M-Pattern: Ethereum has clearly formed and broken down from a large M-pattern, indicating a bearish double-top structure. This breakdown suggests weakness and the potential for a deeper correction if critical support levels fail. 2. Retest of Triangle Pattern: After the breakdown, ETH has retested the lower boundary of a previously broken ascending triangle. This retest aligns with the $2,746–$2,370 zone, which is now acting as a strong resistance cluster. 3. Current Price Zone – No Trading Zone: Ethereum is currently trading around $2,587, right in a no-trading zone (highlighted in the chart box). This zone represents indecision — neither a clear breakout nor breakdown — suggesting traders should wait for confirmation. 4. Bearish Scenario – Pin Zone Break: A break below $2,370, the key horizontal support (also the neckline of the M-pattern), would likely confirm renewed bearish momentum. If this level is decisively broken, expect a strong downward move. 5. Downside Targets: First major support: $1,410 – previous swing low. Final bearish target (highlighted in purple): $1,000–$1,004 — a psychological and historical support level. 6. Upside Scenario (less probable currently): ETH would need to reclaim $2,746 and break back into the triangle to invalidate the bearish setup. Only then could the long-term target of $5,391 be reconsidered. Conclusion: Ethereum is in a critical decision zone. While the macro pattern signals bearish continuation, confirmation will come on a break below $2,370. If that happens, a drop toward $1,000 is highly likely. Traders should remain cautious and avoid new positions until a decisive move occurs.
COINBASE:ETHUSDShort
by GKTrademanthan
1
Gold Futures Analysis (MCX) – Target 87,000/- Chart Date: May 14, 2025 CMP: ₹92,558 Change: -1.16% | Volume: 14.13K Gold has shown weakness after a strong uptrend from early February. Currently, it is consolidating near the ₹92,000 level, just above the 50 EMA (₹91,526). The price is hovering near a key support zone highlighted between ₹92,055 and ₹91,526. 📉 Key Observations: Price rejected near recent swing high of ₹99,358. Currently testing the 50 EMA. A breakdown below this may trigger further downside toward ₹87,500–₹86,592 demand zone. Volume declining on recent candles – indicating weakening bullish momentum. EMA Cluster (10/20/50) flattening out – potential trend reversal or deeper pullback in progress. 📌 Levels to Watch: Support: ₹92,055 → ₹91,526 | Below that: ₹87,500 & ₹86,592 Resistance: ₹94,160 (20 EMA), ₹94,434 (10 EMA) Breakdown Target Zone: ₹87,500 (5.52% from current price) 🔔 Strategy: Wait for price action near the support zone. If breakdown confirms with volume, look for short opportunities with a tight SL above 50 EMA. Long trades only if strong reversal candles appear near ₹91.5k zone. 📊 EMA: 10/20/50/100/200 plotted for dynamic trend & support insights.
MCX:GOLD1!Short
by ProfitLossMereSath
Gold Selloff Continues as US–China 90-Day Deal Adds PressureGold did not respond well to the new 90-day deal between China and the U.S. On top of the India–Pakistan ceasefire, starting Ukraine–Russia ceasefire negotiations, Hamas–U.S. talks, and nuclear discussions with Iran, several developments are reducing global risk and weakening safe haven demand. Many fundamental factors are starting to turn against gold. One of the key signs is the heavy profit-taking seen in the "managed money" positions in the COT report in the last several weeks. These developments are now starting to show in the price action. The "weak double top" pattern, which is one of gold’s go-to reversal signals at major tops, gave the first warning. Since then, local support levels have been falling one by one. Gold is now testing the 3,200 level, which is expected to act as support. However, if this level breaks, the next target could be in the 3,145–3,170 range. The main medium-term target for a deeper correction remains around 3,000. For any strong upward reaction, bulls should watch the 3,270–3,290 zone. If gold bounces from 3,200, this area could offer strong resistance and potentially cap further upside.
OANDA:XAUUSD
by ftdsystem
Crude Oil - Double Bottom 📊 Market Overview: Price is trading around $62.58, approaching a key horizontal resistance near $63.50, which has acted as a strong supply zone in the past. The chart shows a bullish setup with a long position already marked, targeting the $70.60 zone, a major previous top. A clear risk/reward structure is in place, suggesting a well-defined trade plan. 🔍 Key Technical Zones: 🔼 Resistance Zone: 63.50 – Immediate resistance Price has struggled here before; needs a clean break to validate bullish continuation. 70.60 – Main target zone This is the previous strong sell-off origin; high probability of rejection if reached again. 🔽 Support Zone: 61.26 – Marked stop loss Protects the trade in case of a false breakout or quick reversal. 54.38 – Major demand Long-term support from April lows. 📈 Trade Idea Based on Chart Setup: ✅ Long Setup (Bullish Bias) Entry: 62.58 (current price) Stop Loss: 61.26 Take Profit: 70.60 Risk/Reward Ratio: ~1:4+ (very favorable) Conditions for entry confirmation: Break and close above 63.50 on strong volume or bullish engulfing Retest of 63.50 as support could provide a secondary, lower-risk entry 📉 Bearish Scenario (Invalidation): Failure to break 63.50 cleanly + a bearish rejection pattern could lead to a deeper correction. Break below 61.26 invalidates this bullish structure. In that case, next support lies near $58.00 and below. 🧠 Fundamental Angle to Consider: WTI Crude Oil is highly sensitive to: OPEC decisions US inventory reports Geopolitical tensions or Middle East developments USD strength/weakness Make sure to monitor the weekly EIA Crude Oil Inventory report and Fed updates, as these can drastically affect volatility. 📌 Summary: Current Bias: Bullish (if 63.50 breaks cleanly) Key Levels: Support: 61.26 / 58.00 Resistance: 63.50 / 70.60 Strategy: Buy breakout above 63.50 or on successful retest; manage SL at 61.26
PYTH:WTI3!Long
by Forexbeats
5/14 Gold Trading Signals🌇Good afternoon, everyone! Yesterday, gold only entered the 3218–3252 flexible range , and did not touch the broader buy/sell zones, resulting in limited profits . Currently, gold remains under resistance , and candlestick formations suggest an irregular double top . With ongoing sideways box-range movement , the market lacks a clear direction, so caution is advised . 📉 If bears take control, gold could drop toward 3169 . 📈 If bulls prevail , a rebound to 3300 is likely. 🔍 Key Technical Zones: Bullish Resistance : 3246 – 3268 Support Area : 3218 – 3209 🗞 News Focus: Speeches from Fed members Waller and Jefferson today may trigger directional momentum in the market. 📌 Trading Strategy for Today: Sell Zone : 3301 – 3327 Buy Zone : 3170 – 3152 Flexible Trading Ranges : ▫️ 3210 – 3243 ▫️ 3272 – 3259 ▫️ 3247 – 3296 ✅ Trade with discipline, manage position sizes carefully, and stay alert during key speeches.
FOREXCOM:XAUUSDLong
by China_MsWang
GOLD forms a DOUBLE TOP. Support 3200. Trend reversalGOLD is forming support for the double top reversal pattern A break of 3200 will confirm the market's intention to reverse the trend and go downwards. Scenario: There is a lot of important news from the US and Great Britain ahead. If the general fundamental background remains and the dollar continues its bullish trend, then we will be close to a breakdown of 3200. Thus, a break of 3200 and consolidation below the level will be a signal that we are ready to go down.
OANDA:XAUUSDShort
by AndeWave
5
USDCHF: Correctional Movement Ahead?! 🇺🇸🇨🇭 USDCHF may continue a correctional movement after a release of the today's US CPI data. A technical price action confirmation that I spotted is a valid Change of Character CHoCH on an hourly time frame. We can expect a bearish continuation to 0.8358 ❤️Please, support my work with like, thank you!❤️ I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Short
by VasilyTrader
1
5/12 Gold Trading SignalsGood morning everyone! Gold opened lower and extended losses today, influenced by easing China–U.S. trade tensions and ceasefire news from India-Pakistan. The recent rally was largely driven by safe-haven demand amid geopolitical concerns. As tensions ease, gold's retracement is a logical market reaction. 🔍 Technical Outlook: Gold has now returned to a previous consolidation zone . While some support exists, current candlestick structure and most indicators show no clear bullish reversal yet. Entering long positions too early may pose short-term risks, so trend trades should wait for stronger confirmation. For flexible intraday trading, watch: Support at 3263–3246: Holding this zone could trigger a rebound back toward 3309 resistance. 📌 Trading Recommendations: ✅ Sell Zone: 3306 – 3321 ✅ Buy Zone: 3218 – 3198 🔁 Range for Scalp/Short-Term Trades: 3294 – 3263 / 3238 – 3269
FOREXCOM:XAUUSDShort
by China_MsWang
400 pips drop on NZDUSD in the coming weeks ??As the Dollar Index TVC:DXY strengthens, most of the major FX pairs are gearing up for massive drop or have started dropping already. One of these pairs is OANDA:NZDUSD which is about to drop 400 pips in the coming days. OANDA:NZDUSD having formed a Double Top chart pattern, the bullish momentum of the TVC:DXY has caused a break of the neckline of the above mentioned chart pattern. Below are the expected targets for this setup TP1: 0.57 TP2: 0.55 SL: 0.60 Kindly support this analysis to enable it reach to other people, and do comment your thoughts.
Short
by Kene247