ETHUSDT DOUBLE TOP PATTERN...Ethereum has formed a double top pattern...
good move can be caught on it...
guys keep an eye on it...
Doubletoppattern
EURCAD Here's the plan for this week!Welcome back! Let me know your thoughts in the comments!
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Double Tops & Bottoms - Advanced Analysis | EducationalNo chart pattern is more common in trading than the double bottom or double top. This pattern appears so often that it alone may serve as proof positive that price action is not as wildly random as many Traders claim. Price charts simply express trader sentiments, demand, and supply, so the double tops and double bottoms represent a retesting of temporary extremes. If prices were truly random, why do they pause so frequently at just those points? To traders, the answer is that many participants are making their stand at those clearly demarcated levels.
1. Double Tops
Double tops are a bearish pattern commonly found in uptrends and characterized by two consecutive peaks located at an approximately similar level, separated by a trough.
Here we can see a good example of a Double Top in GBP/USD in August 2022, in the recent past.
The Price forms a "V shape" as a Double Top, then there is a breakout of the confirmation Line, we can call this also a " Neckline " for a continuation of the price.
2. Double Bottoms
Double bottoms are a bullish pattern commonly found in downtrends and characterized by two consecutive troughs located at an approximately similar level, separated by a peak.
The Double Bottom is always formed by a V shape, the figure it's just a Mirrored shape of the Double Top. Also for the Double Bottom, there is a breakout confirmation Line.
3. Take Profits
For double tops, the take profit is determined from the height Peak to the trough. This measurement will be copied from the confirmation line ( breakout )to below.
For double bottoms, the take profit is determined from the lowest trough to the peak. This measurement will be copied from the confirmation line ( breakout ) to the upper.r.
AORT Double Top?We see higher lows since mid may and in recent weeks some consolidation in the $18-$20 range. Price recently tested short term support at 17.95 and rebounded testing the .61 fibonacci level.
Several bullish signals:
1. MACD cross
2. D+ crossing D- on the ADX
3. On balance volume confirming price
The most recent candle made a potential double top so I would like to see an increase in volume and a close above $20.10 to initiate a swing trade to the long side.
targeting: 21.37, 22.99
#GBPNZD - Creeping trend - collecting liquidity.#XAUUSD 5m - 📌The entry point confirmation for me would be *W-M patterns, engulfing or Pin Bar Candlestick Pattern* on 5-15 min timeframe.
Creeping trend - collecting liquidity. I think we will go down very fast.
Double Top Pattern Could Get Real RoughLotta folks sayin 'the bottom is in!' 'buy now!' get in before it's too late!'
IMO it's still too early to ride this bronco. Double top pattern appears before capitulation.
Next week could be a real rough ride. Triple witching OPEX this Friday. Indicators say SELL.
I wouldn't take any longs yet. Rather miss the bus than get run over. I'm just funny that way.
GLTA
BNB Spot TradingBNB waiting to break or touch it's previous lower low at 183
Confluences:
Chart pattern, double top
3 red candles
ma 200
tp and exit at 209, 110%
1H Double Top at 4H resistancetook this double top entry on the 1H chart, key structures taken from the 4H timeframe. I tend to look for at least a 2:1 risk reward. FX:AUDUSD
GMT Double TopGMT is forming a double top pattern.
If you are intend to trade this pattern, the first take profit target is around $0.56-0.55,
And the more optimistic one near $0.44.
BTCDouble Top Patterns
Support - Resisdance
Global risks is increasing
If I take a short position, I've to be stop at 23500
My USDCHF Journey For Sell or just SidewaysMy Dragon Friends
I waiting USDCHF break the support,
If Break that Support, will confirmation Double TOP pattern and break Trendline too.
We sell it and we can get around 4XX pips.
but if can break, USDCHF may be just move sideways, wait another confirmation for next Interest rate
Lets See
Happy Trading
Happy Profit
Watch UR MM and RM
Disclaimer On
Easy Trading Setup For The Dax (GER30)- Double TopHi Traders,
Looking at the DAX today.
On the 4-Hour, we see a nice double op that has formed.
The two tops are wicks which shows strong sell movement.
The two wicks are also a lower low in terms of the 4-hour trend.
We also have partial divergence across the histogram of the MACD.
Buyers are weakening.
We have broken below the neck zone and then entered upon a retrace into the neck zone.
My target is previous support around the 12823 price point.
Trade safe out there!
The Vortex Trader
SELL Reason: I proclaim that this is in a bearish trend due to it being overbought and a double top pattern had just occur thus my reason to say that it will be in a pickle sooner or later
SHORT ON EUR/USDDouble top from a major area of resistance.
The dxy is also currently increasing in strength which will cause this pair to fall further.
Here is the play I will be taking on this trade.
P = 1.07066
SL = 1.07671 - 52 PIPS
TP = 1.05309 - 179 PIPS
$SUSHI - Double TopHello everyone!
SUSHIUSDT might continue the downside move from here if closes below 1.59
Best of luck with your trades!
BTCUSDT anatomy of a bulltrap / double top formation up-to-dateBTCUSDT anatomy of a bulltrap
* Heikin Ashi bearish;
* Show of weakness on volume / institutionals sell-off;
* RSI (overbought), Awesome, Chaikin Money Flow, all bearish triggering;
* Moonbois triggering;
BTCUSDT Double Top in formationBTCUSDT has made a retest to peak of the channel, local supply zone. Now we can see a potential double top. The target remains the same for a 2-D zigzag swing downward. This pattern will be confirmed if price action breaks the neckline in the 50% Fibonacci retracement level.
positive pattern in usdchf
we see in time frame 1h and 30min a double bottom that mean in usdchf we can see a break of this supply zone and go to new goals.
LUNA movement this weekA bullish bat pattern is forming for LUNA. Moreover, a double-top pattern can also be seen.
In the next hours, LUNA will recover a little bit then go down when hitting $92 (my Trend-based Fib extension 0.5 level).
Once the neckline is broken (again), LUNA will fall to the lower Fib level ($84.5). Here in this level, we may see a 4H candle with a wick of $78.5
TWT/USDTTWT making a beautiful double tops. The price that end of arrow is a good point for taking profit partially. Do NOT enter the position with shadows. At least we need breakout with 3 candles in daily period.
We're building a BIG SHORT on Bitcoin!Hey guys 👋
Just an FYI, we have been shorting BTC for a while, adding on to the short on every lower high formed on the 1H chart.
We are gunning for big drops on BTC and overall crypto, yet of course we're just as ready to buy as we are to sell if the structure of price action changes.
For now, our targets are 3, see them below:
1) The neckline
2) The volume support at 12.6k
3) untested POC of the bullish structure 8.3k
On Wednesday the FOMC is due to raise rates again, the higher the rate outlook becomes... the lower crypto should/could go.
More on this in a video that is related.
APE GOING TO CRASH!!!APE has formed double top on daily timeframe with mutliple wicks rejecting to close baove previous high on daily tf.
BTC looks ike it will go to lower support areas.
There is also bearish divergence on 4h timeframe and honestly it is overhyped so everything looks like short.
This is not financial advice,its just my opinion!!!
