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Double Top or Bottom

Is LINKUSDT About to Trap Beginners Before a Big Move?Yello, Paradisers! Is LINKUSDT setting up a trap for beginner traders before making a strong reversal? Let's break down what we're seeing right now. 💎Currently, LINKUSDT is respecting the supportive trendline, but this setup might be a trap for those blindly buying in. There’s a high likelihood that the market will first liquidate traders placing orders along this trendline before making a more meaningful bounce from the actual support zone below. 💎For confirmation, we need to see a shift in market structure, specifically a bullish I-CHoCH (Internal Change of Character) from the support area. Other bullish reversal patterns, like a W pattern or an Inverse Head and Shoulders, would also validate a potential bounce from this zone. 💎If LINKUSDT falls further, we'll look to the strong demand zone below for a high-probability setup. This zone remains unmitigated, meaning it hasn’t been tested yet, increasing the chances of a bullish reaction. However, if the price breaks down and closes below this demand zone, our bullish idea will be invalidated. 💎But here's the twist: should LINKUSDT rise back above this zone after a breakdown and then show bullish signals, it would actually strengthen the bullish outlook even more. Stay sharp, Paradisers, and remember—patience is key when waiting for the best setups. 🎖 MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise
3
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