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TOP-6

HINDUNILVER | Time to slow down??The Chart is pretty Self-Explanatory. 1. Since March 2022, the price climbed almost 42% to make an all-time high. 2. It then consolidates for 200+ days, to form a double-top pattern. 3. Recently, with 4 parabolic red candles it broke the zone. 4. We should see some pullback if it has to resume its retest and continuation What do you think?? If it was worth your time, do give us a like. Anything on your mind? Feel free to leave us a comment :) DISCLAIMER: WE ARE NOT ADVISORS. WE ARE NOT REGISTERED. THE IDEAS ARE MERELY PERSONAL OPINIONS. PLEASE CONSULT YOUR FINANCIAL ADVISORS BEFORE INVESTING. WE LIKE EVERYBODY ELSE HAVE THE RIGHT TO BE WRONG :)
NSE:HINDUNILVRShort
by TheChartereds
Next Bitcoin bull run top - 2025Based on data from previous Bitcoin cycles, it is possible to make an educated guess based on the trend curves and previous cycle time stamps of when the bull run will conclude and how high we can expect to go. Given the fact that crypto marked has matured over the years it is wise to assume that the next top and next bottom will not be as extreme as with the previous cycles. The prediction is that the next top will be around 120k USD on 2025 September and the bottom will be around 28k USD on September 2026.
BITSTAMP:BTCUSDLong
by vytuxis
1
VIX/VVIX Divergence before large drawdownsJust happened to be playing with a few things on tradingview today, thinking of new ways to identify trade opportunities. I often have to keep reminding myself to zoom out to see the bigger picture. This is one of those instances where I might have stumbled upon something useful for very long term trade trends. As many know, VIX is an extremely useful indicator of market sentiment, it also signifies part of what makes up extrinsic value of options contracts. On the longer term time frame, you can see in a bull market volatility slowly compressing lower and lower. Lower highs, lower lows. Eventually, that trend starts to reverse as more and more large players maybe begin to take profits and go short, and more options hedging happen towards the downside. VVIX is a further still derivative of that. It's the measure of volatility of volatility. What I did today was take VIX and divide it by VVIX and see what pattern emerged. At a glance, it's not far off VIX by itself, but, I did notice that weeks or even a couple months before a large market downmove, it gives a little more advance warning that a big sell off was imminent. A solid warning is the lowest low followed by two higher lows, as seen here: If I instead plot VIX by itself, you see a double, maybe triple bottom at near enough the same low before you get a higher low. In the case of the second half of 2018, there actually wasn't an advanced warning at all: But, what VIX by itself does show, that VIX/VVIX did not, is a lower high when the market found bottom in October/November 2022. VIX showed a lower high, VIX/VVIX shows the highest high at that point. So, always worth glancing at both on a long term chart if you're looking for very long term bets on the market and trying what normally is considered a fool's errand to call the tops and bottoms of every bear and bull cycle. It might still be a fool's errand, but maybe this helps some of us get a little closer to being able to pull that off. With that being said, we have just set a new low in both VIX and VIX/VVIX for the year, even though we just had a down week (6/20-23/2023), I'm not convinced we stay down for long until maybe I see such a pattern appear again with higher lows appearing in VIX/VVIX.
TVC:VIX
by dieseldub
BTC 30m forming Double Top on VPVR POC and Trend WavesDouble Top is a bearish formation. In this case, it's being formed on the Point Of Control (POC) as a neckline, the strongest support/resistance on Volume Profile Visible Range (VPVR), which shows what price bulls and bears fought the most. If this formation breaks the neckline, the potential target price is exactly 26000. We can predict the potential target by measuring the higher Top to the neckline and transferring it below it. As you can see, a gap in VPVR will enable this price drop if the neckline breaks down. We also have a double top on the waves at the bottom to support this formation, meaning the trend waves, strength, and candles tell the same story. Keep in mind low volume and possible manipulation in every decision you make in the low-volume market.
Short
by RockinHood
Anatomy of a Top – Seven Questions for Selling Discipline Anatomy of a Top – Seven Questions for Selling Discipline: Louise Yamada The equity market may be presenting a somewhat ambiguous and / or rotating profile over past months of sharp rallies and retreats, but preservation of capital comes directly from action we take with regard to the individual stocks (and / or derivatives) that we hold in our portfolio. There is ample warning to take preservation of capital actions before / if a major market decline might take place, remembering that the trend is our friend; that a stock can’t go down until it stops going up; and that most of the time (with the exception of inverted “V” tops) a period of distribution precedes a decline. My mentor, Alan Shaw, realizing that a good deal of analytical frustration materializes simply by the lack of logical reasoning, set forth the “Seven Questions” discipline; easy rules that tend to occur more or less in the offered sequence. First of all, when analyzing a stock or a market index for a potential reversal of trend, a simple but most important question must be asked: 1) Does the stock / index have a move of substance to reverse? A major reversal formation certainly would not be looked for in a stock that has only moved from 20 to 26, but if a move from 20 to 60 or to 200 or more has been experienced, any reversal in trend could become major. (Clearly, following gains in excess of 100% plus from the March 2009 lows (even since 2016), many stocks had rising moves of substance in place!) If the first question is answered “Yes,” we then ask: 2) Has the stock / index fulfilled readable price objectives? Technical analysis does generally afford the opportunity to calculate price objectives based on the size of the accumulation and / or consolidation pattern preceding the advance. (The indexes and multiple stocks into the 2021 high achieved readable targets from the 2009 (or 2016) basing configurations and exceeded them generously.) If the answer to question 2 is “Yes,” then we move to: 3) Has the stock / index violated its uptrend? The occurrence of a trend violation could represent the technical forerunner, or an early warning, of a reversal in the major direction of the stock’s price movement. (A growing number of stocks have breached their initial uptrends.) If “Yes,” question 4 then asks: 4) Are there signs of distribution evident? Evidence of distribution can take on many forms. Charts display certain patterns (a double top, “head-and-shoulders,” a descending triangle, or even a horizontal pattern, as examples) and pivot off the technical assumption that a “period of distribution” precedes declines; but there can also occasionally be sudden reversals from a new high. (A number of stocks portrayed / are portraying patterns of distribution; and as some rallies approach 2021 price peaks, one may need to revisit Q 1 and Q 2 in evaluating the potential for double tops.) If “Yes,” then: 5) If distribution is evident, is it significant enough to imply that more than a minor movement in price could be in the offing? The greater the distribution pattern, the greater the anticipated decline. If one has answered the first five questions in an affirmative manner “Yes,” then positions should be lightened (or protected) as the affirmative answers accumulate. Question 6 asks: 6) Has the stock violated a readable support level? A “Yes” answer here would represent a stop-loss discipline point, further protecting capital, and takes us to the last question, which one should not reach with a fully invested position: 7) Has the stock initiated a downward trend? A “Yes” answer to this should be arrived at with positions closed (or fully protected), or use rallies to complete such action. There is a floater question which can be inserted in between any of the above seven: “Is there any evidence of unusual price and / or volume action?” Sharp upward or downward runs following a major move can often be an indication of a “climactic” phase of market action. Note: We realize that these evaluations are made more difficult and frustrating in today’s proliferation of ETFs, of hedge fund influence, electronic trading, shorting pressures without the uptick rule and intra-day algorithmic programs. But the 7 Qs apply equally to ETFs. One aspect of the above comes in the form of “false breakouts” (or false breakdowns), in which a breakout occurs without upward (or downward) follow-through. There is often evidence of these events in the progress of stocks trends. Therefore, monitoring support levels as prices may fail in their apparent breakouts becomes an important preservation of capital discipline. For an exercise in these questions, please reference the chart below as an educational example. Louise Yamada CMT LYAdvisors LLC Shared content and posted charts are intended to be used for informational and educational purposes only. The CMT Association does not offer, and this information shall not be understood or construed as, financial advice or investment recommendations. The information provided is not a substitute for advice from an investment professional. The CMT Association does not accept liability for any financial loss or damage our audience may incur.
SP:SPXEducation
by CMT_Association
5
S&P MAJOR Pivot Point back to 2009 LOW - LOWER Prices likely!!Markets are at MAJOR Pivot point around this Trend Line connecting 2009 GFC Low at 666 to today's CLOSE and last DECEMBER 2022 High. Markets typically get rejected off this resistance and have been rejected every time since 2009 EXCEPT when we had LOW Interest Rates + PPP after Covid. That is ONLY time markets broke ABOVE this line. We broke Below this line in 2022 drop and its proven to be a major pivot point with prices struggling to stay above it. Most recently Price was rejected from this line in Dec 2022. We are retesting it again after Breaking the Downtrend Line from 2022 that everyone thinks means that we now have a "melt up". Current S&P Price is at May 2021 levels when we had ZERO Interest Rates and PPP. We are ON this Resistance/Pivot Line. CPI Data comes out in the morning. Probabilities suggest the market gets rejected and goes LOWER not higher. Despite the break in downtrend. For those of you that think Breaking a down trend and melt up is imminent go back and look at S&P chart in March - May 2008. The SAME Exact pattern as is being formed today occurred before the market tanked lower for next 12 months from May 2008 to 2009 low. Trade what you see...
CBOE:SPXShort
by eganon69
4
EUR/AUD Possible Peak HighIt's looking like a selling opportunity at my levels above. I doubt its a peak that will hold for weeks but there's definitely some potential for downward movement afterwards. Calling tops and bottoms can be dangerous but if there is a time to do it, I believe that we are getting closer to that time. I believe that there are poor blokes underneath us who've been buying at what they they thought was the end and they are getting hit pretty badly now. Let's look for a push up possibly a squeeze and a yank back down. It's looking likely to come back down and will likely be revisited later to take us sellers out who got it right the first time. I'm confident in this setup because so far all of my methods are confirming a push down. If I'm wrong, this is where I want to be wrong at. It looks like a high probability set up based on how I'm analyzing it. If it looks too scary to get in as it pushes up, its understandable. It's much more dangerous for buyers in the coming days than sellers. The market can sell off at the time of this posting and that's okay. I'm only getting in at my levels and above. My setup is my booth and I wait for prices to come to me. FX:EURAUD
Short
by PEAKFINDER
MBOX/USDT Double Top PatternMBOX/USDT Binance Pair 1D Chart create Double Top Chart pattern if you don't know about Double Top Pattern What Is a Double Top? A double top is an extremely bearish technical reversal pattern that forms after an asset reaches a high price two consecutive times with a moderate decline between the two highs. It is confirmed once the asset's price falls below a support level equal to the low between the two prior highs. share your opinions Thanks :)
Short
by BabarLaghari
DXY Top short term top is in short USDJPYThe dollar is in a secular downtrend. After a brief respite I expect the downtrend to resume. The BOJ is currently still defending their YCC and while they will continue this policy a while longer I expect it to be modified and eventually phased out. This will lead to higher yields globally but especially in Japan. This should help to strengthen JPY so I like going long Yen here. If you can't trade forex look at long FXY as a good proxy.
TVC:DXYShort
by The_Pain_Trade