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Double Top or Bottom

NZDCHF: Classic Gap Trade 🇳🇿🇨🇭 On a today's live stream with my students we discussed a gap up opening on NZDCHF. I have a strong feeling that it is going to be filled tonight. A double top pattern on an hourly time frame and its neckline violation provide a strong bearish confirmation. Goal - 0.492 ❤️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
$AUCTIONUSDT ready to pump after putting a bullish divergenceBINANCE:AUCTIONUSDT has been very bearish for weeks following a massive drop. It did put a double bottom and a bullish divergence, which are signs of market reversal i.e. a shift from bearish trend to bullish move. It broke the resistance zone which also serves as the neckline for the double bottom/bullish divergence formed. A retest of this resistance zone now turned to a support zone, gives a bullish setup as BINANCE:AUCTIONUSDT tends to continue its new found bullish move. Be on the look out and expect minor retracements while at it, as there are some support and resistance zones it can bounce off from. These zones are already marked out in the setup. Expected Targets: TP1: $17 TP2: $20 TP3: $24 TP4: $28 Kindly support this analysis to enable it reach to other people, and do comment your thoughts.
Long
by Kene247
2
GBPUSD ready to drop 500 pips !!!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 FX:GBPUSD which is about to drop 500 pips in the coming days. FX:GBPUSD having formed a Head and Shoulder chart pattern, the bullish momentum of the TVC:DXY has caused a break of the neckline of the above mentioned chart pattern. What to expect: FX:GBPUSD will most likely either retest the neckline that it broke, and then give a massive drop or it will continue the drop from the broken neckline all the way to 1.3030 before retracing. Below are the expected targets for this setup TP1: 1.3030 TP2: 1.2900 TP3: 1.2745 SL: 1.3370 Kindly support this analysis to enable it reach to other people, and do comment your thoughts.
Short
by Kene247
SPX500USD Chart Breakdown Price is currently approaching the 5,708 🔼 resistance zone after a strong bullish rally from the 5,320 🔽 support level. The market structure remains bullish, with higher highs and higher lows supported by the upward-sloping 50-period SMA. Support at: 5,590 🔽, 5,450 🔽, 5,320 🔽 Resistance at: 5,708 🔼, 5,840 🔼 Bias: 🔼 Bullish: If price breaks and holds above 5,708 🔼, we could see continuation toward 5,840. Holding above the 50 SMA strengthens the bullish outlook. 🔽 Bearish: A rejection from 5,708 🔼 could send price back down toward 5,590, with further weakness exposing 5,450 🔽. 📛 Disclaimer: This is not financial advice. Trade at your own risk.
OANDA:SPX500USD
by SPOT_FX
USDCAD: Bullish Move Will Continue 🇺🇸🇨🇦 USDCAD will likely continue rising after a retest of a recently broken significant daily resistance cluster. A double bottom pattern formation on its retest provides a strong intraday bullish confirmation. Canadian fundamentals data strengthened buyers even more. I think that the pair is going to reach 1.3955 level soon. ❤️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.
Long
by VasilyTrader
3
Watching ETHBTC for a Double Bottom (Hidden Bullish Divergence)Introduction We are in the initial stages of seeing if ETH can set a "higher low" double bottom on the monthly chart. The first low was set September 2019 so this has been a multi year pattern. It might be playing out over several crpyot cycles to completion. Simple Price Analysis For a valid double bottom we want the lows within 10% of each other. The first low is about 8% below this second low so we are definitely within tolerance. We can also see that price is currently bouncing off top of the previous monthly bottoming structure until price moved to between the 0.618 level and created a double top (which I covered extensively in the linked idea. In the chart below we can see a similar pattern with bitcoin after the C19 crash. The low wasn't textbook, the first low being 18% lower than the second low. Thats fine. The most important think is that price set a higher low. Targeting off the fib draw is still the same. Looking for the 1.618 level. So I am watching to see eth hit a 27x against bitcoin from here Indicators Normal Divergence (Trend Reversal) Bearish: Higher highs on price action but lower highs on the indicator Bullish: Lower lows on price action but higher lows on the indicator Hidden (Trend Continuation) Bearish: Lower high on the price action and higher highs on the indicator Bullish: Higher low on the price action and a lower low on the indicator If you look at the primer we are looking for the main trend to continue. And that is up. Battle Plan In my linked idea I made it clear I was staying out of eth until I saw bullish divergence. Not just eth, but everything in the eth ecosystem. Now EHTBC provisionally bullish its time to look at the ETH ecosystem again. While ETHBTC looked bearish I didn't even bother to analyze tokens against eth, only BTC. Now I am going to be analyzing coins bullishness against eth. If I don't think it will outperform eth I don't buy it. And generally, I hope to be buying bull backs. Here is a great opportunity for a SUI buy when compared against eth on the 4h chart. Wish me luck. Linked Idea
Long
by This_Guhy
13
5/9 Gold Trading SignalsLong time no see, my friends! My holiday trip is about to end. I attended two weddings during this trip, which was unforgettable! I hope that everything goes well for everyone during my absence! Gold has risen recently and returned to above 3400 again. Although it has fallen back in the past two days, the current technical level shows that the bulls are not over yet! This means that if there are friends who buy at high prices, they will have a chance to get out of trouble without doing other operations! From the current pattern, it is in the stage of triangle consolidation. It is necessary to pay attention to the resistance of the 3360-3382 range. If the price falls under pressure at this position, we need to observe the support of the 3300-3280 range to determine whether it can form a short-term double bottom pattern or a head and shoulders bottom pattern again, so as to support the bulls to run again. Based on the above analysis, today's trading suggestions: Sell in the 3364-3386 range Buy in the 3318-3302 range Flexible trading in the 3323-3362 range
FOREXCOM:XAUUSDLong
by China_MsWang
BONKUSDT: Bullish Setup Brewing! Are You In?#BONK is flashing strong bullish signals on the 1D timeframe: Double Bottom Pattern – A textbook reversal signal Break & Retest of Key Resistance – Now acting as solid support Price at CMP (Current Market Price) – In the ideal buy zone This confluence of signals suggests momentum is shifting in favor of the bulls. If volume kicks in, we could see a sharp breakout toward the next resistance levels. Trade Plan: Entry: CMP SL: 0.00000886 Target 1: 0.00002607 Target 2: 0.00003989 Always use proper risk management! What’s your view on #BONK? Bullish or Bearish? Drop your thoughts in the comments and let's discuss! Don’t forget to like and follow for more setups! #BONK #Crypto #Altcoins #TechnicalAnalysis #Breakout #DoubleBottom #TradingView
Long
by mudusir
2
AVAX Breakout: 33% Upside? Crypto Market Heating UpAVAX just broke out of an ascending triangle pattern with a potential 33% upside. In this video, we walk through the setup, risk management, and why this might still have legs. We also look at Bitcoin, Ethereum, and Solana to understand how correlated moves could affect altcoins like AVAX. Don't miss the key levels and timing to consider before it's too late. This content is not directed to residents of the EU or UK. Any opinions, news, research, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. ThinkMarkets will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
THINKMARKETS:AVAXUSDLong
by ThinkMarkets
bobet is ready to fry #bobet is showing a promising pattern. Historically, the 200-day SMA has acted as strong dynamic support and resistance — and it's being respected again. Recently, #bobet broke above the 200-day SMA. Before that, a clear double bottom formation appeared — a classic and powerful reversal pattern. Now, only one major barrier remains: the confluence of key horizontal resistance and the top of the descending channel. Watch trading volume — we've seen a noticeable spike in recent weeks, which adds weight to the move. Everything seems set for a new bullish trend. What we need now is a clean breakout above 25 TRY, a healthy general market, and a well-defined stop-loss. That’s it.
BIST:BOBETLong
by asharifan
LODHA - Bearish due to forming double Top pattern TECHNICAL INDICATORS - DOUBLE TOP PATTERN formation - NSE:LODHA has formed a double top pattern indicating strong downward pressure for the stock Double top is characterized by two consecutive peaks on a price chart, with a dip or low between them & subsequent breakout VOLUME SPIKE - the stock has recently shown two large volume spikes indicating strong upcoming momentum for the stock Generally volumes increase before a significant price movement SHOOTING STAR candlestick - the stock has formed a shooting star candlestick recently indicating trend reversal for it ie from upward movement to downward movement Shooting star is characterized by a small body at bottom and a long upper shadow of a candlestick GAP-DOWN BREAKOUT - the stock has broken out of the pattern with a gap-down indicating very strong downward pressure PROFIT TARGET - 1200 STOP LOSS - 1325
NSE:LODHAShort
by peace_lover
Ethereum - Perfect exactly how I thoughtEthereum Stage 1 - Triangle Pattern - Gave perfect breakdown of triangle pattern Stage 2 - Form M Pattern - Have almost completed the selling target Stage 3 - Retesting completed *Current) Stage 4 - Forming inverse cup and handle and inverted head and shoulder pattern Stage 5- in either of the scenario it may come down but if it goes above 2297 expect it to reach 4000/500/7000 in coming days Stage 5.2 - if the retesting is completed and bearish patter is continued expect it to reach to 900 USD For more details ping me GK Trade manthan
COINBASE:ETHUSD
by GKTrademanthan