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Double Top or Bottom

New Zealand Dollar / U.S. Dollar | 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 New Zealand Dollar / U.S. Dollar - Double Formation * 0.58750 USD | Support Area * 0.62250 USD | Resistance Area - Triple Formation * Angle 1 | A+ Set Up | Subdivision 1 * Neckline | Continuation Set Up | Subdivision 2 * 012345 | Wave 3 Ongoing + Pennant | Subdivision 3 Active Sessions On Relevant Range & Elemented Probabilities; London(Upwards) - NYC(Downwards) Conclusion | Trade Plan Execution & Risk Management On Demand; Overall Consensus | Sell
Short
by TradePolitics
1
Sorry, I'm already short goldBros, the expected CPI disappointed me. And the original plan to buy gold at 2580 was stranded because gold did not fall back effectively, so I had to give up the original plan to buy gold. Gold moved very strongly today, with both bulls and bears fiercely competing around 2700. But for now, after gold continued its rebound to the 2700-2705 area, it did not usher in explosive emotional buying, and the price of gold did not rise sharply. Instead, it has been fluctuating in the 2700-2705 area. In the fierce game between long and short sides, the short force is not completely without opportunities, so since there is no opportunity to participate in the long gold, we might as well prepare in advance to see the decline and retracement of gold. In addition, from the perspective of candlestick charts, even if gold continues to rise, it needs to build a W-shaped structure in the structure to support the continued rise of gold. Therefore, in the short term, gold still needs to fall back! Bros, I have already shorted gold in the 2700-2705 area. Do you think gold will pull back? 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:XAUUSDShort
by Trader_Marvin
6
Goldman Sachs | 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 # Goldman Sachs - Double Formation * 012345 | Wave 1&2 | Subdivision 1 * Flag Structure | Uptrend Bias - Triple Formation * Top Bottom Structure(Neckline At 573.00 USD) | Subdivision 2 * 345 Template | Trend Developing Entry | Subdivision 3 * 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:GSLong
by TradePolitics
Algorand / USD | 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 # Algorand / USD - Double Formation * 0.1650 USD Support Area | Break Out | Subdivision 1 * 012345 | Wave 3)) Ongoing - Triple Formation * Pennant Structure At 0.3110 USD | Subdivision 2 * Neckline | Bottom Structure At 0.5000 USD | Subdivision 3 * 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:ALGOUSDLong
by TradePolitics
The only chance to short gold!As I said in my last article, I planned to buy gold with the 2670-2660 area as support, but gold did not fall back to 2670, not even to 2671, so unfortunately gold did not reach our buying area. Currently, gold has risen to around 2690. Obviously, it is not a good idea to chase gold near this position, and it faces resistance in the 2695-2700 area. I think even if gold breaks through the 2695-2700 resistance area, it will retreat because it needs to accumulate upward momentum. So anyway, I will try to short gold here once. Am I the only one who takes the risk of shorting gold in the entire network? Will you try to short gold in this position area? 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:XAUUSDShort
by Trader_Marvin
Clorox ( Extended Hours) | 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 # Clorox ( Extended Hours) - Double Formation * A+ Set Up | Uptrend Bias | Subdivision 1 * Neckline Range Structure At 135.00 USD - Triple Formation * Retracement 1&0 | Uptrend Continuation | Subdivision 2 * Flag Structure | Long Set Up| 185.00 USD * Trend, Behaviour & Entry | Subdivision 3 Active Sessions On Relevant Range & Elemented Probabilities; London(Upwards) - NYC(Downwards) Conclusion | Trade Plan Execution & Risk Management On Demand; Overall Consensus | Buy
CAPITALCOM:CLXLong
by TradePolitics
Humana(Extended Hours) | 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 # Humana(Extended Hours) - Double Formation * A+ Set Up | Downtrend Area At 410.00 USD * Resistance | Retracement Area | Subdivision 1 - Triple Formation * Pennant Structure | Break Out At 270.00 USD * Neckline | (1) Retracement Area | Subdivision 2 * Trend, Behaviour & Entry | Subdivision 3 Active Sessions On Relevant Range & Elemented Probabilities; London(Upwards) - NYC(Downwards) Conclusion | Trade Plan Execution & Risk Management On Demand; Overall Consensus | Neutral
CAPITALCOM:HUM
by TradePolitics
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
1
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