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Double Top or Bottom

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
Lindblad Expeditions 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 # Lindblad Expeditions Holdings - Entry Bias Hypothesis | 012345 Wave Infliction - Triple formation | Uptrend & Subdivision - Pennant Structure | Wave 3 Continuation Active Sessions On Relevant Range & Elemented Probabilities; London(Upwards) - NYC(Downwards) Conclusion | Trade Plan Execution & Risk Management On Demand; Overall Consensus | Buy
CAPITALCOM:LINDLong
by TradePolitics
Vir Biotechnology | 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 # Vir Biotechnology - Entry Bias Hypothesis 1 | Center Settings - Entry Bias Hypothesis 2 | Supply Area - 12345 | Wave 1 | Failed Target - Retracement | 0618 & 0.5 Area | Infliction - Double Top Pattern | 0.382 Formation Active Sessions On Relevant Range & Elemented Probabilities; London(Upwards) - NYC(Downwards) Conclusion | Trade Plan Execution & Risk Management On Demand; Overall Consensus | Sell
CAPITALCOM:VIRShort
by TradePolitics
Intl Favors & Fragrances | 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 # Intl Favors & Fragrances - Pennant Structure & Subdivision - Double Formation | Center Trend Low - 1 & Support=0 | 12345 - Retracement | 50% | Long Set Up Active Sessions On Relevant Range & Elemented Probabilities; London(Upwards) - NYC(Downwards) Conclusion | Trade Plan Execution & Risk Management On Demand; Overall Consensus | Buy
CAPITALCOM:IFFLong
by TradePolitics
NVDA Topping PatternUnlike the previous call, I made in NVDA that was corrective. This double-top pattern is signaling a reversal pattern. From a trading perspective, this is a great risk/reward setup that is relatively simple. A CRACK! here will likely lead to at least the right side filling, with the potential deeper pullback (reversal) If on the other hand, it pops above recent highs then no trade or an easy stop out. As you all know I don't do targets, I think they are silly and only used to pretend one has such insight not only can they call the move but also a "target" too. Yeah well, I'll leave that to the "experts" ;) Bulls don't be a dick for tick. Shorts take some early profits to improve cost basis but let this one ride!
NASDAQ:NVDAShort
by RealMacro
6
BBWI Buy Setup - Strong Support, Risk/Reward 1/16Ticker: NYSE:BBWI (Bath & Body Works) Long Entry: Near current strong historical support level Target: Last high (considered as take profit point) Stop-Loss: Just below current support Risk-Reward Ratio: ~1:16 Analysis: NYSE:BBWI has reached a strong historical support level and recently formed a local higher high, signaling a potential reversal to the upside. Additionally, volume has spiked, suggesting that recent panic selling may have seen shares shift from amateurs to professionals, who tend to buy at strong support levels. Owning alongside professional buyers can be advantageous, as it often reflects more strategic positioning. The current setup provides a solid risk-to-reward ratio of about 1:16 up to the last high, which can be considered a key take-profit point. While this high serves as a primary target, I plan to manage my position flexibly, potentially closing portions earlier or holding some for further upside if the trend remains favorable. Strategy: Entry: Buy near current support level Stop-Loss: Set just below support Target: Last high as primary take-profit level; partial closes based on trend continuation Key Points: Volume spike at support suggests strong buying interest, possibly from professional buyers Local higher high supports a potential uptrend Risk management is crucial, with a close stop to limit downside and a favorable target ahead Conclusion: With strong support, higher volume, and potential professional buying, NYSE:BBWI offers a compelling long opportunity with a favorable 1:16 risk-reward ratio up to the last high. This setup allows for both targeted and flexible profit-taking as the trend develops. Note: I’m already in this position—I entered 7 weeks ago at the bullish engulfing pattern around the $29.21 level. I meant to share the idea back then, but the current market conditions are still quite similar, reinforcing my confidence in this setup. Disclaimer: This is not financial advice. All information is for educational and informational purposes only. Trading and investing involve risk, and it’s essential to do your own research or consult a licensed financial advisor before making any financial decisions.
NYSE:BBWILong
by PattRec
VZ looks bullish intermediate termVZ is again at the top of its one-month regression channel, having last tested it on Monday. I think there's a good chance that this new push will succeed. If so, it will quickly bring the post-earnings gap into play (red drop in the chart). A second, shallower gap is above. The Sep 30 high on the chart is also the YTD high, as the stock is near the top of a 2-year bottom consolidation. On a daily chart there's also a double bottom pattern that has been in place since early September. For VZ 17 of the last 22 double bottom patterns have reached their first profit target, which in this csae is at $44.81, just above the YTD high. I am already long VZ with stock, but today added a vertical call spread. I view both positions as swing trades, not investments, and will reassess if/when the stock reaches the top of its post-earnings gap. If the stock were to substantially drop below the upper edge of its regression trend, I would likely exit both positions.
NYSE:VZLong
by matthias