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Double Top or Bottom

US30 to continue rise?Hi Guys, Its been a long time since ive posted. I hope everyone is killing it. I have been away mastering US30, as you know I used to trade GJ and Gold mostly. So I am back. Watch this space for some fire analysis. I have been in buys on US30 for almost the past 2 weeks. After a double bottom from the previous bearish market reversal from the week before. It looks like we have completed 2 full levels of rise, and made a new high. This high was retested, so I think that we could see more rise on this pair for the rest of the week. While not disregarding the fact that we could have a pullback before the rise. However I am in a buy with tight risk.
BLACKBULL:US30Long
by faddy
1
Is MYROUSDT Setting Up for a Bullish Breakout, or Is It a Trap?Yello, Paradisers! 🚨 Are you prepared for the potential bullish move on MYROUSDT? 💎MYROUSDT broke out of a key resistive trendline and is now consolidating. Within this consolidation phase, a W pattern appears to be forming. 💎If MYROUSDT breaks and closes above the resistant zone, this will validate the W pattern and significantly increase the likelihood of a strong bullish move. However, caution is essential! The broader market trend, especially BTC’s price action, will play a crucial role. If BTC shows signs of strength, it will further support our bullish bias. But if BTC starts turning bearish, it’s better to avoid this analysis. 💎On the flip side, if MYROUSDT breaks down and closes below the support zone, this would invalidate our bullish outlook completely. 🎖Always remember, Paradisers, disciplined trading and patience will set you apart from the crowd. Stick to your strategy and wait for the highest probability setups. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise
2
Will MANTAUSDT Break Out or Break Down? Critical Moment ApproachYello, Paradisers! 🚨 Are you ready for the next potential breakout, or are you about to miss a crucial move? Let’s dive into MANTAUSDT and see what the charts are telling us! 💎MANTAUSDT has bounced off a key support zone and has shown a Change of Character (CHoCH) towards a bullish market structure. Additionally, a bullish divergence has formed, further increasing the chances of an upward move. 💎While the probability of a rise looks high, caution is essential as the price approaches the resistance trendline. If the price breaks through this resistance with strong candles, it will signal bullish strength. 💎Should the price break out and close a candle above the resistance zone, we could see the formation of a W-pattern structure, significantly boosting the likelihood of a bullish move. 💎However, if the price breaks down and closes below the support zone, our bullish outlook will be invalidated. In that scenario, it’s wiser to wait for better price action before making any moves. Strive for consistency, not quick profits. Stay patient, disciplined, and keep those emotions in check, Paradisers! MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise
TOTAL 3 is ready to BLOWUSDT, recognized as the first stablecoin, did not achieve widespread adoption even as late as 2017. Had it been more prevalent, I would have incorporated USDC and DAI into this analysis. Nonetheless, I trust that you will find this chart beneficial for the upcoming #Altcoin season. The total market capitalization of USDT relative to that of Bitcoin reveals a distinct correlation. This relationship has historically indicated significant technical peaks characterized by bearish divergence, as well as bullish divergence at market bottoms, as observed in the RSI versus ratio score. Additionally, we have established a clear target level to pursue.
CRYPTOCAP:TOTAL3Long
by BallaJi
4
JUBLINGREA : DOUBLE BOTTOMNSE:JUBLINGREA has displayed a strong reversal pattern on the chart, forming a double bottom structure. This is a bullish indication, signaling a potential trend reversal. Today's price action has confirmed the breakout above the neckline, marking a critical turning point for the stock. Technical Analysis: Double Bottom Formation: The stock formed two distinct lows at approximately ₹643, showcasing strong support at this level. Neckline Breakout: Today, the stock decisively broke above the neckline at ₹ 765, accompanied by increased volume, validating the breakout. Entry: Enter near the breakout level at ₹765. Stop Loss: Place a stop loss below the neckline at ₹ 733, ensuring protection if the breakout fails. Jubilant Ingrevia's breakout above the double bottom neckline is a bullish signal, indicating a potential upward move. Traders can look to capitalize on this momentum, with well-defined entry, targets, and risk management. Monitor for sustained buying pressure to maintain conviction in the trade. Disclaimer: This analysis is for educational purposes only. Always conduct your own research or consult with a financial advisor before making trading decisions.
NSE:JUBLINGREALong
by VanshikaUdeshi
2
US100 daily time frameGood morning traders, I have been quiet for a while, I hope everything has been going well. My US100 daily tf analysis. I have posted the daily analysis on this pair before, hoever this is an update on how it is playing out. If you look at the left of the chart, you can see that market reversed after an uptrend(cant be seen) I want to point out the 3 levels that price moved down after this reversal(marked on the chart). After these 3 levels of retest and fall, The market then formed a massive double bottom, which was made up of 2 smaller double bottoms as shown on the chart. We have been buying this pair for over a month now, with sells in between(because market always has to retrace) So as it stands now, market had formed the double bottom on the daily time frame, so we are in for very strong buy, for the next few months if this reversal is respected as analysed. Price at the moment has broken above the 200 and 800 ema resistance, making it a support. Price went down to retest that zone the day before yesterday, and yesterday it began the move up. So I expect buys on this pair, and will wait for the correct signal to enter, as I closed my sell trades yesterday from the day before.
ULong
by faddy
5
IGM Biosciences 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 # IGM Biosciences Inc - Support=0 | 012345 | Wave Template - Wedge Structure | Bias On Hold - Double Formation | Retracement - Invalid Target | Hypothesis Alignment - Awaiting Target | Structure Area Active Sessions On Relevant Range & Elemented Probabilities; London(Upwards) - NYC(Downwards) Conclusion | Trade Plan Execution & Risk Management On Demand; Overall Consensus | Neutral
CAPITALCOM:IGMS
by TradePolitics
iShares MSCI Brazil | 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 # iShares MSCI Brazil - Hypothesis Entry Bias | Neckline Alignment - Support=0 | 012345 | Wave 1 - Triple Formation | Inflicted Short Set Up - Awaiting & Invalid Target | Daily Confirmation Active Sessions On Relevant Range & Elemented Probabilities; London(Upwards) - NYC(Downwards) Conclusion | Trade Plan Execution & Risk Management On Demand; Overall Consensus | Sell
CAPITALCOM:EWZShort
by TradePolitics
POV : MAZDOCK : Is ready to rock again ?POV : MAZDOCK : MAZAGON DOCK SHIPBUIL LTD Is ready to rock again ? Chart Reading: 1. Took Support at 0.5 FIB Level 2. at the Fib Level create a kind of Double Bottom pattern 3. Closing Base Trend Line break on 10th Oct and then after face resistance at another High base trend line(red). 4. in the previous session, try to breakout fractal high but selling pressure clearly seen. 5. Recent fractal high break with Marubozu Candle and also close above previous session High. ? Upcoming session will it break trend line if it is then action plan will execute else waiting... For educational purposes only. This is not financial advice. Please consult a professional before making financial decisions. #NiVYAMi
NSE:MAZDOCKLong
by kzatakia
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 - Entry Bias Hypothesis | Trend Infliction - Resistance Level | Double Formation - Wave Structure | Retracement Set Up * 012345 | Double Bottom(Subdivision) 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
SPDR S&P Retail ETF | 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 # SPDR S&P Retail ETF - Double Formation | 012345 & Triangle - Pennant Structure | Uptrend Continuation - Retracement | 0.382 Area(Retest) Active Sessions On Relevant Range & Elemented Probabilities; London(Upwards) - NYC(Downwards) Conclusion | Trade Plan Execution & Risk Management On Demand; Overall Consensus | Buy
CAPITALCOM:XRTLong
by TradePolitics
SPY Double Top Triple Top?Possible Double or Triple Top on AMEX:SPY ? The SPY has been hitting the same resistance level of 600.80 for the past two days. First, on November 24, 2024, and again on November 25, 2024, before pulling back. This repeated testing of the same level raises the question: are we forming a double or triple top? Will the SPY fail to break through this level, or will it finally push past it? Only time will tell, but we should be aware of this potential technical pattern. Double Top Two consecutive peaks: Two highs occur near the same price level, with a moderate decline between them. Valley in between: A noticeable low forms between the two peaks, which serves as a support level. Neckline: A line connecting the valley lows forms the neckline. Breakdown: The price breaks below the neckline, confirming the Double Top pattern. Volume: Decreasing volume on the second peak and increasing volume on the breakdown.
AMEX:SPY
by Paul_Hodls