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Double Top or Bottom

BTC Double Top Patterns As we see BINANCE:BTCUSD made a new high that can be a double top formation on chart. Also when we see the RSI chart it is seeing resistance above 60 and keep falling below 60. So Looks like a bearish trend and if BINANCE:BTCUSD breaks its 3 months support around 91700 then we can see BINANCE:BTCUSD around 76000. Lets see! This post is just my perception and for study purpose only. As crypto market has high risk of loosing money. Please invest your hard earned money carefully. I will not be responsible for any loss in the crypto market.
BINANCE:BTCUSDShort
by peeyushbajaj
BB/USDT – Bullish Setup with Wedge Breakout Potential | 1H ChartBBUSDT is currently presenting a strong bullish technical structure backed by multiple confirmations: 🔹 A double bottom has formed, signaling potential trend reversal. 🔹 Bullish divergence on the RSI strengthens the bullish outlook, showing hidden buying pressure. 🔹 Price action is compressing within a symmetrical wedge, and no bearish reversal patterns are currently observed. A breakout above the wedge resistance trendline could lead to further upside continuation. 📌 Entry: $0.18554 (upon confirmed breakout) 🛡️ Stop Loss: $0.16322 (below structure support) 🎯 Target: $0.21591 (+15.13%) — You may also set your take-profit levels based on your own risk-reward ratio and trading style. As long as the structure holds and no bearish confirmation appears, the setup remains valid. Always manage risk accordingly.
Long
by Asif_Iqbal_chaudhary
2
GBPCHF – Pullback to Demand Zones for Possible Buy Setup | ProfiOn the 1H timeframe, GBPCHF has broken above a key high and confirmed support with a solid close — showing bullish momentum. However, price is currently reacting to a 1H red order block, which could trigger a short-term correction. We’re now waiting for price to revisit one of the lower demand zones for potential buy opportunities. Make sure to look for multiple confirmations on the lower timeframes (M5 or M3) before entering any trade. Also, keep an eye on the red supply zone above; it may offer valid sell opportunities if bearish confirmations appear. 📌 Key Levels 🟢 Support Zones: • 1.1036 – 1.1046 • 1.0920 – 1.0950 🔴 Resistance Zone: • 1.1250 – 1.1290 ⚠️ Entry only with confirmation – patience pays. 🔍 Insight by ProfitaminFX If this outlook resonates with your own view, drop your chart or feedback below. Let’s learn and grow together 📈
Long
by ProfitaminFX
EURUSD Sell Swing TradeHello Traders, I stumbled across the Euro Dollar chart on the daily time-frame only to notice we are coming near a level of some significance at 1.12778 I noticed some historic bearish rejections on this key level and whilst looking at market structure, I was interested in another bearish move from this market. I zoomed into the 4hr time frame to see what candlestick patterns I could identify to build to some value into the trade idea. Not only did I do this, but I found a large wick rejection candle form below my structure level which I have used for entry. I anticipate that we will see this pair take price down to previous structure lows and break lower depending on how quickly the market reacts Entry @ 1.12518 Stop Loss @ 1.12970 - 45.2pips Take Profit @ 1.10751 - 176.3 pips Best of luck if you take this !!!
Short
by hamzah_mahmud
GBPUSD breakout looks to fail… or is another move coming?UK inflation just shocked the market, and GBPUSD reacted fast. We explain the setup, the risk-reward if this year's high is breached, and how seasonal effects may be distorting the inflation data. 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.
Long
by ThinkMarkets
BTC/USD Double Top Formation | Short Opportunity AheadBitcoin is showing a Double Top reversal pattern on the 4H chart, suggesting potential bearish momentum. Price action has rejected resistance around $109,000 and is now testing neckline support. 🔹 Technical Analysis: ⚠️ Double Top pattern with neckline near $106,000 📉 Break below neckline would confirm bearish reversal 🎯 Target zone projected near $100,300 based on pattern height 🛑 Stop Loss placed above $109,000 resistance zone 🔹 Fundamental Insight: 🏦 Market cautious amid potential Fed rate hold and stronger USD 🌐 Risk-off sentiment pressuring crypto markets 📊 On-chain activity shows cooling momentum post recent rally 📌 Trade Idea: Sell below neckline confirmation, targeting $100,293 with stop above recent highs. High-probability setup for short-term swing traders. Note : If you found this helpful, like and follow for more trade ideas! Share My Idea With Your Firends Mention Your Feed back Comment Section Note: This is not financial advice. Please conduct your own research and manage risk accordingly.
COINBASE:BTCUSDShort
by Hellena_Fx
5/20 Gold Trading SignalsGood afternoon, everyone! Last Friday and yesterday, gold did not reach our primary buy or sell zones, instead moving within a narrow range. We captured two trades, gaining about $32 in total movement, resulting in moderate but stable profits. After opening today, the price pulled back toward the 3200 area, which holds technical support. However, resistance remains dense above, especially between 3226 and 3243. For bulls to break through, stronger momentum and volume will be required. On the news front, there are no major economic events or key speeches scheduled today, so technical trading will dominate. Currently, gold continues to consolidate. If intraday volatility remains limited, traders can look to buy low and sell high within the 3243–3189 range. Watch for resistance around 3226 and support at 3198 as key technical levels. 📌 Trading Strategy for Today: 🟢 Buy Zone: 3189 – 3168 (Near support, suitable for bottom fishing) 🔴 Sell Zone: 3267 – 3288 (Close to resistance, good for shorting) 🔄 Scalping/Flexible Zones: ▫️3198-3218-3226-3238-3247-3255 📌 Note: Maintain proper position sizing, set clear take-profit/stop-loss levels, and stay flexible. If there's unexpected news or a breakout during the U.S. session, strategies will be adjusted accordingly.
FOREXCOM:XAUUSD
by China_MsWang
EURCHF: Bullish Wave Ahead?! 🇪🇺🇨🇭 I think that EURCHF is going to resume a bullish rally soon. A strong bullish reaction to a rising trend line on a daily, triggered a formation of a buying imbalance on a 4H time frame and a Change of Character. I expect a growth at least to 0.941 level. ❤️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
1
BTC/USD Bearish Setup – Trendline Retest Before the Fall?🔍 Technical Breakdown – BTC/USD 3H Timeframe Bitcoin is displaying a textbook Double Top pattern formation on the 3-hour chart, signaling a potential bearish reversal after a strong bullish run. This classic pattern suggests buyer exhaustion and sets the stage for a downward move. Let's break down the analysis: 🧠 Pattern Insight: Double Top Reversal A Double Top is one of the most reliable trend reversal patterns, especially when it forms after a sustained uptrend — just like we're seeing here. Top 1 and Top 2 both formed inside a strong Resistance Zone between $106,500 and $107,000, showing repeated rejection from buyers to push price higher. The formation of lower highs and long wicks near Top 2 further reinforce the weakening bullish momentum. 💥 Neckline Breakdown & Bearish Trigger The Neckline, aligned with a horizontal Support Zone (~$103,300–$103,800), was decisively broken, confirming the pattern. This breakdown acts as the trigger for bearish entries, and we are now in the "Retest Phase", where price often pulls back to the neckline or a nearby trendline before continuing lower. 📐 Trendline Confluence – Retest Opportunity A short-term descending trendline drawn from Top 2 intersects near the neckline zone. Price is now approaching this confluence area, offering a potential high-probability short entry if bearish price action confirms (e.g., a rejection candle like a bearish engulfing or pin bar). 🎯 Price Targets & Trade Setup Parameter Value 📍 Entry On bearish confirmation near neckline/trendline retest (~$105,300) ❌ Stop Loss (SL) Above recent swing high / Top 2 (~$107,100) 🎯 Target ~$97,126 (based on measured move from top to neckline projection) ⚖️ Risk:Reward Approx. 1:3 or better (depending on entry timing) Measured Target Calculation: Height from neckline to peak (~$107,000 - $103,500 = $3,500) Target = Neckline break - height = ~$103,500 - $3,500 = $97,000–$97,100 🔥 Market Context & Psychological Edge This chart structure reflects a shift in market sentiment. What was once strong bullish momentum is now hesitating — with buyers failing to make higher highs and sellers stepping in aggressively. The double top is not just a pattern, it's a narrative of exhaustion and reversal. “Let price confirm your bias. Don't just predict; react to structure and behavior.” Being patient and letting the retest play out is crucial. Don’t rush in early — let the market give you a clean signal. This is where technical discipline pays off. ⚠️ Risk Management Notes Crypto markets are highly volatile — avoid oversized positions. A failed double top can lead to a bullish continuation, so SL discipline is key. Wait for confirmation — candlestick patterns, momentum shifts, or bearish volume spikes can add confidence. 📌 Summary ✅ Pattern: Double Top ✅ Confirmation: Neckline Break 🔄 Current Phase: Retesting Neckline/Trendline 📉 Bias: Bearish 🎯 Target: ~$97,100 ❗ SL: Above Top 2 💬 What do you think? Are we headed to GETTEX:97K or is this just a fakeout? Drop your thoughts below and don’t forget to like and follow for more trade setups!
CRYPTO:BTCUSDShort
by GoldMasterTrades
MarketBreakdown | USDJPY, EURAUD, NZDJPY, CADCHF Here are the updates & outlook for multiple instruments in my watch list. 1️⃣ #USDJPY daily time frame 🇺🇸🇯🇵 The pair demonstrates clear strength of the sellers. The price went way below a recently broken resistance. With the absence of impactful fundamental news, the market may continue falling for now. 2️⃣ #EURAUD daily time frame 🇪🇺🇦🇺 The market is trading within a wide falling parallel channel on a daily. Its upper boundary is a strong vertical resistance. I will look for selling from that. Alternatively, its bullish breakout may push the prices much higher. 3️⃣ #NZDJPY 4H time frame 🇳🇿🇯🇵 Before an Australian interest rate decision at night, the pair acted strongly bullish, following our plan. I see a nice double bottom pattern and a confirmed bullish Change of Character CHoCH. I think that growth will resume soon 4️⃣ #CADCHF 4H time frame 🇨🇦🇨🇭 The price formed a nice bullish flag pattern. I am waiting for its bullish breakout to confirm a start of a new bullish wave. A candle close above its upper boundary will validate the violation. Do you agree with my market breakdown? ❤️Please, support my work with like, thank you!❤️
Short
by VasilyTrader
2
Gold Double Top Breakdown | Short Setup ActivatedGold has confirmed a Double Top pattern on the 30-minute timeframe, indicating potential bearish continuation. Price has broken below neckline support, triggering a short position entry. 🔹 Technical Analysis: 🧭 Double Top Formation with neckline breakdown 🎯 Target zone near $3,166 aligned with measured move projection 🔐 Stop Loss placed above the recent highs near $3,238 for risk control 🔹 Fundamental Insight: 🏦 Strong USD and rising Treasury yields weigh on gold sentiment 📉 Hawkish Fed tone fuels bearish bias in precious metals 🌍 Weak physical demand and lower geopolitical risk reduce safe-haven appeal 📌 Trade Plan: Short below $3,216, targeting $3,170 with a stop loss above $3,238. Good R:R setup for intraday traders. Note : If you found this helpful, like and follow for more trade ideas! Share My Idea With Your Firends Mention Your Feed back Comment Section Note: This is not financial advice. Please conduct your own research and manage risk accordingly.
TVC:GOLDShort
by Hellena_Fx
Light Crude Oil Daily Double Bottom Bullish Reversal Trade Plan Price has formed a clear Double Bottom pattern with a neckline as current Temporary Resistance. • ✅ Entry is triggered only after a confirmation candle breaks above the neckline. • Buy Stop is placed below the neckline to catch the momentum move. • Stop Loss is at the recent lower Low (safe and logical placement). • 🎯 Take Profit levels are based on measured move projections. Trade Plan: • Entry: 64.20 • Stop Loss: 55.12 • Take Profit 1: 73.28 • Take Profit 2: 82.36 • Volume: 0.21 X 2 “Waiting for neckline to break with Bulliwh confirmation candle” – this ensures you enter only on strong momentum. Light Crude Oil future is forming a classic Bullish Reversal pattern with clear structure. A break of the neckline confirms the setup Key Highlights: • ✅ Pattern: Double Bottom • ⚠️ Confirmation: Break + Bullish candle • 🔄 Risk Management: Tight SL, 2 TP levels • 🧩 Confluence: Trendline break + structure shift + RSI Divergence
NYMEX:CL1!Long
by sarfz.ahmd
GBP-AUD Double Top Pattern! Sell! Hello,Traders! GBP-AUD made a retest Of the horizontal resistance Level of 2.0820, then Established a double-top Pattern and is now going Down so we are locally Bearish biased which Means that we will be Expecting a further Bearish move down Sell! Comment and subscribe to help us grow! Check out other forecasts below too! Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Short
by TopTradingSignals
2
Gold still has the potential to rebound, continue to buy goldTechnical aspect: Gold has just retreated to around 3217 and then rebounded again. It has now rebounded to around 3235. Although the rebound strength is a little weak, it has even hovered around 3235 for a long time. But structurally, gold did not destroy the rising structure during the decline, and the strength of structural support was strengthened after the effective retracement support. After being recognized and accepted by the market, gold will continue to rise with structural support. Once gold breaks through the short-term resistance area of ​​3250-3260, it will continue to rise to 3280-3290, or even around 3320. Trading strategy: Before the short-term rising structure is destroyed, we can still continue to try to go long on gold in the 3325-3315 area, TP: 3240-3250
OANDA:XAUUSDLong
by Steffen_Schade
NAS100 Bulls Pushing – Will 21,434 Hold or Crack?Price is currently trading just below the 21,434 🔼 resistance zone, after a strong bullish push that followed the reclaim of the 21,000 🔽 support area. The index is forming a short-term range between these two key zones. The overall structure remains bullish with a series of higher highs and higher lows. Support at: 21,000 🔽, 20,606 🔽, 20,200 🔽 Resistance at: 21,434 🔼, 22,230 🔼 Bias: 🔼 Bullish: A breakout and retest above 21,434 could open the path toward the 22,230 high. Bulls remain in control while price holds above 21,000. 🔽 Bearish: A rejection at 21,434 or a break below 21,000 could lead to a correction toward 20,606 or 20,200. 📛 Disclaimer: This is not financial advice. Trade at your own risk.
FOREXCOM:NAS100
by SPOT_FX
5/19 Gold Trading Signals🔍 Market Overview: Last Friday, gold prices entered the 3176–3148 buy zone, and after the market opened today, prices rose to 3249, yielding substantial profits. From a technical perspective, the overall trend is still under the pressure of a double-top pattern. In the short term, price action remains in a range, but the lows are gradually rising. However, indicators are not yet favorable for bulls. In this case, if the bulls want to take control, then the support at 3182–3176 becomes extremely important during any pullback. 🗞️ News Background: Trump’s tax cut bill has been approved by a key committee in the U.S. House of Representatives. 👉 This week, further progress must be closely monitored as it directly impacts gold's safe-haven demand. If trade tensions flare up again, gold is likely to rise sharply due to renewed safe-haven demand. If tensions continue to ease, downward pressure on gold will likely increase. Also, watch out for any comments on monetary policy — if rate cut expectations increase, gold could face additional downside risk. 📈 Today’s Trading Strategy: 🟢 Buy Zone: 3196 – 3176 🔴 Sell Zone: 3293 – 3318 🔄 Scalp/Flexible Trading Zones: 3188-3209-3236-3252-3269-3282
FOREXCOM:XAUUSDLong
by China_MsWang
$BTC Double Top Pattern Forming – Is a Major Correction Bitcoin Double Top Formation Alert! Currently, CRYPTOCAP:BTC appears to be forming a Double Top pattern on the 4H chart. If this candle closes as an Inverted Hammer, it may confirm a bearish reversal from the overbought zone. Key Levels to Watch: Immediate Support: $96,500 – $95,000 Critical Support: $94,000 Major Breakdown Levels: If $94K breaks, next support is at $91,000 A deeper breakdown could target $80,000 or even $60,000 This correction could present a golden long opportunity for the next bullish leg. Stay patient, observe confirmations, and plan your entries wisely.
BINANCE:BTCUSD.PShort
by crypto_vulture_signals
1
XAUUSD Double Top Breakdown & Target – Bearish Reversal in Play?In today’s analysis, we focus on Silver (XAG/USD) on the daily timeframe, which is currently presenting a high-probability bearish reversal setup. The price action has completed a Double Top pattern — a classic reversal formation — and has broken down below its neckline support, signaling a potential shift in momentum from bullish to bearish. This chart setup is particularly valuable for swing traders, pattern traders, and anyone seeking to anticipate mid-term directional moves in the commodities market. 📐 Technical Breakdown: 🔷 1. Double Top Formation: The Double Top pattern forms after a sustained uptrend and is identified by two peaks at nearly the same level. In this case: Top 1 formed near $35.5. Top 2 retested the same zone but failed to break above. The neckline support — drawn across the $28 zone — was eventually broken. This price action confirms the classic M-shaped structure, signaling distribution and potential bearish continuation. 🔷 2. Neckline and Breakdown: After failing at Top 2, price dropped below the neckline, breaking critical horizontal support. This move completed the pattern, triggering many technical sell signals. Price is now retesting the neckline zone, a common phenomenon where broken support becomes resistance (known as a "retest"). This retest offers a textbook short opportunity if bearish confirmation follows. 🔷 3. Curve Resistance: The upper curved blue line represents dynamic resistance. It has successfully capped price action across multiple attempts and aligns with the pattern's second top — enhancing the strength of this rejection area. 🧱 Support & Resistance Zones: Resistance Zone: $34.50–$35.50 Strong resistance from both peaks (Top 1 & Top 2) and historical sellers. Neckline / Retest Zone: ~$28.00 Now acting as resistance — this is the critical level to watch for rejection or breakout. Support Zones / Take-Profit Levels: TP1: ~$26.40 — aligns with recent horizontal structure and minor support. TP2: ~$22.58 — matches major historical support and measured move projection from the Double Top pattern. 📉 Measured Move Target (Pattern Projection): To calculate the target from a Double Top: Measure the height from top to neckline. Project that downward from the neckline’s breakout point. In this case: Height: ~$35.5 – $28 = $7.5 Breakdown point: $28 – $7.5 = Target near $20.5–22.5 The TP2 at $22.58 matches this logic — further validating the downside potential. 🔄 Market Psychology & Sentiment: This pattern reflects a shift in sentiment: Bulls tried and failed twice to push through resistance. The eventual breakdown shows bearish conviction, and the ongoing retest represents a decision point. If sellers hold this level, we could see a cascade of downside pressure as stops are triggered and momentum builds. 🛠️ Trade Setup & Scenarios: 📌 Scenario 1 – Bearish Continuation (High Probability): If price fails to reclaim the neckline (now resistance) and forms bearish confirmation (e.g., engulfing candle, rejection wick, breakdown below $31), this confirms a likely move toward TP1 and TP2. Entry Idea: Short on rejection from the $28–$29 zone Stop-Loss: Above $30 TP1: $26.40 TP2: $22.58 📌 Scenario 2 – Invalidated Pattern: If bulls push price back above the neckline ($29–$30 zone) with strong volume and daily close, this invalidates the setup and may lead to: Bullish continuation toward $32–$34 Possible trend resumption if curve resistance breaks 🧠 Educational Notes: Double Tops are most reliable when: Formed at the top of strong uptrends. Followed by a neckline break with volume. Retested with rejection. The retest phase is often the best risk/reward entry because: It confirms resistance. Offers clear invalidation levels. Keeps your stop tight while targeting deeper moves. 📢 Final Thoughts: Silver is currently at a critical technical juncture. The Double Top breakdown has played out, and now all eyes are on the retest. If bears defend the neckline, this setup provides a strong case for continued downside, offering a clean structure with well-defined targets. ⚠️ Risk Management is crucial — always manage your position size and respect invalidation zones.
OANDA:XAGUSDShort
by GoldMasterTrades
Sunlogy challenging the 50% Golden RatioOverall chart shows that the price moving upward and breaking the previous DTL. Potential Ascending Double Bottom detected at 0.26. We may see the confirmation of this pattern once it breakout above 0.26 and price stay above. This may resulting uptrending movement and challenging to close the previous gap located between 0.26 to 0.28 Looking forward for what’s going to happen. This is mainly for education purposes and not a trading advice.
MYX:SUNLOGYLong
by sudallis