NIO Triple top with divergenceTriple top forming on Nio after break out.
Rising price and reducing volume.
I will add to my position at $40-$45.
Tripletop
H&S in TSLA?Is this kinda monster H&S be activated tomorrow? if yes, next target around 700 over pivot support / Fibo 38.2, but EMA 50 should be batted first. Other point of view could be a triple top, with the same target.
AUD/USD - Update to Simple StructureHere's an update to yesterday's idea.
We've seen price fall from our highlighted level, in line with a triple top formation at a whole psychological level in the market. Make sure you check these whole levels and familiarise yourself with actual price. It can be very useful!
LAZR- Increasingly crowded LiDAR spaceWhile VLDR focuses more on LiDAR's robotics and industrial application, LAZR is solely focusing on LiDAR's application in the automobile sector.
According to Orlando news, LAZR has rapidly gained 50 industry partners, including 7 of the top 10 global automotive OEMs, and has received minority investments from the world’s largest commercial vehicle manufacturer, Daimler Truck AG and Volvo, a global leader in automotive safety, to bring autonomous trucks and cars to highways, respectively.
MobileEye's potential plan to build its own LiDAR, along with LAZR's lofty valuation compared to its peers, may negatively affect LAZR's price in the short run. However, Volvo's plan to roll out a level 3 car in 2022 using Luminar's LiDAR, Mercedes's partnership and LAZR's singular focus to build LiDAR that is commercially viable for mass-produced consumer cars should keep LAZR's share price afloat in the foreseeable future.
In the short-term, I expect some lvl of price uncertainty as Innoviz has already gone public and so will Aeva in the near future in this increasingly crowded LiDAR space.
BTC - H1 - TRADING IN THE ZONE -ASCENDING TRIANGLE & TRIPLE TOP H1 : Within the broad rising wedge in progress, there is an ascending triangle in progress as well.
Usually, this kind of pattern breakout on the upside...
Nevertheless, indicators do not confirm such kind of price action yet.
Indeed, all of them are still for the time being in bearish divergence mode.
Globally, in this time frame, the main support indicatore remains the uptrend line support which
should be screened very carefully for further development.
Scenario BULLISH :
Upside breakout of the ascending triangle would open the door for higher levels towards R4 line resistance area
(wait confirmation b4 going long, indeed breakouts are very often followed by a pullback towards the breakout level !)
p ! Scenario BEARISH : (potential triple top !)
A failure to stay inside the ascending triangle, followed by a breakout of S2 support trend line would put the focus
on the downside again towards the clouds support area (47200-46400)
Interesting to note that S3 rejected yesterday's intraday breakout @ 46231
As usual, screen shorter time frames to get confirmation or invalidation of view expressed in H1
Have fun all the best :-)
USOIL might decrease (or not?)Hi very one
This is the USOIL chart which shows us that the chart has formed a triple top pattern (shown in the picture) which you might think that the price will decrease but please note that there are two divergences which makes us think otherwise!
So there can be two scenarios:
1. The price breaks the support line and will decrease due to the regular bearish divergence (-RD)
and the triple top pattern!
2. The price can't break the support line and will obey the hidden bullish divergence (+HD)
and ignores the triple top pattern as well.
You just have to wait for the breaking of the support line which will happen in short time after that we can make deals with more assurance!
Two Possible Scenario for BTC in my Opinion!1. Triple top shows sign of reversal and lower prices after an uptrend
2.Fib Retracement indicates major resistance at 78% & 61%,
If we break we could see moon shots!
3. Breaking those Fib Levels would also confirm a nice cup of coffee that would send BTC to new highs!
That Cup & Handle can make history but before that, we got to break those resistance level and cancel that triple top !
Let me know what you think!
EURJPY triple top on daily chartEURJPY formed triple top on daily chart. The daily trend is still upward, but now the price can break this uptrend line and fall to nearest support zone at 123. This is a good entry at market price for a low risk trade. Take SL around 128, and TP around 123.
NASDAQ, NDX, NQ100, 1H, Triple Head CorrectionTriple head pattern in 1H, NQ, could see a correction at open and then a push up towards end of day/mid day.
🏛OIL TRIPLE TOP PATTERN ↘️WILL FALL🔥
☑️USOIL stablished a triple top and is showing rejection
I think that oil price needs correction
After a strong uptrend, given that the triple top is below strong resistance area
Therefore, I am locally bearish and I expect oil to retest the horizontal support below
Moving down slowly with 3 targets in sight
SHORT!↘️
✅Like and subscribe to never miss a new idea!✅
COLPAL - Breakdown from channel + Bear Flag + Triple TopThis analysis is purely based on price action and Chart Patterns.
The analysis is on 30min TF hence target can be achieved in intraday trade or in couple of days.
Traders can take advantage of this analysis in intraday trades as well.
Entry can be made below the low of Doji candle formed at the end of the day or small pullback and the rejection candle.
SL can be placed above the high of third Top (out of triple top formed). Targets are shown in the image itself.
Logic for the trade is also explained in the image itself.
This analysis is purely for education purpose. Traders must do their own study before entering into any trade. They must trade with their own money & risk management. .
Also check out my other ideas to understand how price action works and how it can be used to make regular profits without any complex strategies.
Feel Free to comment for any queries regarding the above stock or price action analysis in general.
WTI potential triple topWTI looks like it is exhausting on the retest of the uptrend line. 4H chart shows a triple top with RSI divergence. Break of the neckline gives a target at the lower support level and 200SMA creeping up to it. While longer-term, oil is still looks bullish, it could be a good opportunity to make money on the pullback before buying again.
Good Luck and Stay Healthy!
GBPJPY sells after triple topStrong bearish close on Friday night. We've got a triple top and should be reaching 140.500 soon.
GBPJPY - SHORT Triple top indicating rejection from the highs and we should see a nice push towards the downside
Triple Top Formation on GBP/USD 15M - 125 Pip MoveSimple technical analysis on Cable today.
Price tested 1.37 three separate times (a whole psychological level) and rejected all three times. Price has moved 125 pips to the downside. Combining key psychological levels with double and triple tops is a powerful trading confluence.
We also have fundamental news with Boris Johnson to outline further lockdown steps at 20:00 GMT tonight.
For more:
www.fxaxe.com - send us an enquiry!
Happy Trading!
GBPUSD SHORT GBPUSD SHORT with multiple confirmations. An exaggerated bearish divergence on multiple time frames and a triple top formed.
$PYPL, Breakout Next PT 241After the triple top, PYPL has breakout its 212 resistance and the next resistance per measure move is 241 => 212 + (212-183).
NZD-JPY Bearish Price Action. Sell!
Hello, Traders!
NZD-JPY fell from strong resistance area
Establishing a triple-top pattern
Followed by a breakout of the rising support line
These are bearish signals
Which makes me expect the pair to fall
With the first target being the nearest support
But the move might continue further down too!
Sell!
Like, comment and subscribe to boost your trading!
See other ideas below too!
GBPJPY on a triple top 🦐GBPJPY on the 4 chart couldnt break above the resistance area at the 140.240 area.
The price after the last rejection is testing the 138.250 zone.
IF the price will break and close below we will set a nice short order according to Plancton's strategy.
----
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.
AUDUSD sell orderGBPUSD, created triple top pattern and have RSI divergence, now you can place a pending sell order at the neck line
EURJPY Consolidation after an HEAD and SHOULDERTECHNICAL ANALYSIS
-SInce July, the market was moving in a clear Ascending Channel, reaching first the Resistance at 124.884, breaking it. After that the price started bouncing on the Resistance at 126.552, a strong weekly resistence, a reversal point several times in the past. The price created then a clear TRIPLE TOP, completed during the end of September.
-In the middle of October, the price reached again the resistance at 124.884, bouncing on that, starting creating a full clear HEAD and SHOULDER Pattern, completed at the beginning of December.
-Volumes were increasing, the market was pushing up, reaching our previous strong weekly resistance at 126.552, now everything seems to be quite, we got a consolidation moment, the price is OVERBOUGHT, the MOMENTUM and the VOLATILITY are not strong, waiting for the next market movement.
CONCLUSION:
I aspect a BEARISH MOVEMENT for a few reasons, the price reached a strong resistance and it seems to be no able to break it, the price is actually overbought and boucing on the h4 EMA 50, I'll probably entry SHORT at 125.600 if I'll get one more confirmation.
I hope you can enjoy my free analysis, write a comment if you like my way to explain my ideas, it will help me so much to improve my profile
have a good week and trade safe! :D
Dabur - Tripple TopDabur broken neckline of tripple top and strugging at neckline since last few adays. If break support then a fall can be expected till next supports. Targets on chart...
