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Roundedtop

DAX Short - High Probability Current Macro Environment is very bearish: Inverted Yield Curve :> showing that Market Participants are forecasting that rates are being cut in the future Purchasing Manger Indexes are at contractionary levels - combined with the current situation in the money market - I do not expect that the real economy is going to relief from here Current Technical Analysis is very likely to turn: We are sitting at the golden pocket, range high and are currently forming an rounded top I am expecting an fakeout H&S with early shorts getting stopped Even if we have already formed an bottom - it is very unlikely that we go trough this level without an rejection I am expecting at minium that we are able to take at least 1 take profit until it might turn more to the upside
CAPITALCOM:DE40Short
by gissinginvestments
USDCAD Buy Opportunity- I am expecting some bullish pressure of the USD this week. - Price may may a final bearish push that may create a bearish reversal pattern, testing the below area of support - From there price will test the previous area of support which created the above head and shoulder (or triple top) before it broke below. -This move is just a retracement to test that area before possibly dropping lower. -Looking for price to test the 1.35 area. Please, like or comment your idea/analysis !
Long
by NoCeilingsTrading
Rounded structure on BTC PA bearishWe have a little upward rounded structure on the BTC price action, accompanied by a downward rounded structure on Volume. Besides being a bearish divergence, rounded structures like this I have found to be especially reliable bearish indicators. The curve signals buying power is increasingly losing strength, reaching a plateau at the pricepoint where it flattens out at the top, where it opens the door for selling power taking the upper hand. For short-term traders a good opening for short positions, imo, as with the decrease in volume its hard to imagine a sudden buyers impulse at this point in the PA. **as im writing this, I see a drop in price is already playing out. Could consider this as a confirmation**
by mapav
BTC x Rounded TopLooking at the Daily BTC chart, what do you see? Many see what they believe to be the peak/top of this bull cycle... In my opinion, this would look much more "V" like if it that were indeed the case. With that said, I believe that we are looking at a "Rounded Top Pattern". See details below and let me know if you agree! Rounding Top: Important Bull Market Results Overall performance rank for up/down breakouts (1 is best): 2 out of 39/3 out of 36 Break even failure rate for up/down breakouts: 9%/20% Average rise/decline: 55%/17% Throwback/pullback rate: 63%/58% Percentage meeting price target for up/down breakouts: 58%/14% The above numbers are based on more than 950 of perfect trades. See the glossary for definitions. Rounding Top: Identification Guidelines Characteristic Discussion Weekly or daily Rounding tops are large enough to appear on the weekly or daily chart. Price trend Upward leading to the chart pattern. Even ends The rims of the inverted bowl bottom near the same price, but 58% of the time the end is slightly higher than the start. Rounded turn Prices form a gentle curve, a half moon shape. Breakout A close above the highest high signals an upward breakout. Downward breakouts are a close below the lower of the two rims (the lowest low in the pattern). Rounding Top: Trading Tips Trading Tactic Explanation Rounding top measure rule The Measure Rule Rounding top retrace Retrace Measure rule Compute the height from the highest peak in the pattern (point A in the Measure Rule figure to the right) to the right rim low (B) and then multiply it by the above 'percentage meeting price target.' Add it to the price of the highest peak (A, upward breakouts) or subtract it from the right rim low (B, downward breakouts) to get a target price (C). 32% retrace For aggressive traders, if price retraces 32% of the rounding top's height, buy. The Retrace figure to the right shows an example. Measure the height from A to B and then take 32% of this. Add it to the low at B to get a target of C. C represents the buy price. Support The two rims are support areas. Height Tall patterns perform better than short ones. Breakout volume Heavy breakout volume suggests better performance. Right rim When the right rim is above the left, the pattern under performs. The Retrace figure to the upper right shows an example, with the right bottom (B) above the left (D). Yearly low Performs slightly better when the breakout is within a third of the yearly low but samples are few (6 only). Throwbacks and pullbacks Throwbacks and pullbacks hurt post breakout performance. thepatternsite.com
COINBASE:BTCUSDLong
by SkinnyMike3
Bharti Airtel Chart Analysis Bharti Airtel rounded top formation completed and but got support from the 400 First perspective According to the analysis 1, It got support from 400, that is very strong support zone (360-400) you can check monthly and weekly time frame to get an idea 2, Break down of this support zone, will leads to 275 target then 225 will hit (note: will take more than 6 months to hit the final target) (Higher chance) 3,next week is very crucial for bharti Airtel, weekly close above 420 will leads to min target of 500. Second perspective 1, Bullish engulfing and follow up bullish candle, suggest short term bullish view. that to match with the 3rd point of first perspective 2, Formation of inverted cup and handle, handle will ends in 0.382 or .500 of cup height ie, 500 & 520 (Short term - most possible one) so short term bullish, Potential reversal zone 500 or 520. 3, Short from 520 will hit 400. then 2nd point of first perspective Third perspective 1, It will retrace up to .786 of cup height (Fib ret) and then start down move to 400 2, very weak one, move to hit 600 again to form double top and then start down move 3, very less chance, breakup of 600 to make new high
NSE:BHARTIARTL
by FMSmo
ARPAUSDT bounced 0n 0.5 Fibonacci Weekly retracement 🦐ARPAUSDT bounced 0n 0.5 Fibonacci Weekly retracement and now the price is testing 0.5 Fibonacci retracement on 4h and the previous dynamic trendline. IF the price will break downward, and retest the current support as new resistance, According to Plancton's strategy (check our Academy), we can set a nice order ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis, please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Short
by InkyGrip
7
Rounded top Chart Pattern of MRK:What Is A Rounding Top Chart Pattern ? A chart pattern used in technical analysis which is identified by price movements that, when graphed, form the shape of an upside down “U”. A rounding top may form at the end of an extended upward trend and indicates a reversal in the long-term price movement. A rounding top represents a sell signal . The initial upwards trend becomes exhausted as the demand for the stock dries up. The reversal to the downward slope of the rounding top indicates that demand has tapered off and a surplus supply is present, basically there are more sellers than buyers. The price will be move so far in-case of breakout any side cause, the pattern is too tight.
NYSE:MRK
by Jay_shree
12