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Tripletop

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!
Short
by Jal121
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.
Short
by InkyGrip
4
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
Short
by FXtrades-gp
USD/CAD Signal to open Short position!!Hello every one U.S. Dollar / Canadian Dollar USDCAD failed to break the resistance line three times and formed a triple Top and broke the bottom of the parallel channel. The price goes down to the support line. Traders, if you liked this idea or have your opinion on it, write in the comments,We will be glad. Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast. Thank you for seeing idea . Have a nice day and Good luck.
Short
by CobraVanguard
4
short week?My TA isn't the best considering im still fairly new to the trading world. But from what im picking up on the s&p are bearish signals. considering the fact that the market has literally been being pumped and printing money all year since march, cases on the rise, undecided president still, trump won't leave the chair without a fight, well, i could go on. but from a technical point i see 3200 easily, under that could get very dangerous. but from a bullish perspective we could have a rally into the end of the year to 3700. but that would only cause for a harder crash imo. but opportunity is opportunity..... please share your thoughts!!!!
CME_MINI:ES1!
by stockjunkie4
SP-500 created { TRIPLE TOP }Greetings! US SP 500 CFD As you can see, the triple top is formed. which is a sign of a drop in price If the price can not break the resistance, the price will fall. It is the analysis in daily timeframes that raises the importance chart is speaking it self!! Take a look at my previous analysis!! Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast Traders, if you liked this idea or have your opinion on it, write in the comments,We will be glad. Thank you for seeing idea Have a nice day and Good luck.
FOREXCOM:SPX500Short
by CobraVanguard
15
Up, Up, And Away!Another day, another short squeeze. Stocks are surging to new all-time highs this morning, off the back of positive vaccine results from Pfizer's latest trial. "Dr. Jansen said the outside board did not say how many of those cases came from participants who had been vaccinated. But with a rate of more than 90% effectiveness, most had to have been in the placebo group.” That doesn't sound like very exciting news to me. But, I digress... SPY gapped up this morning (again), and is now up a cool 3% to start the week, because everything is awesome! Technical resistance levels, be it long-term, or short-term, don't seem to matter to investors, with this new level of panic FOMO that's gripping markets. Price action during trading hours is muted at best imo, while all the action seemingly happens in the overnight session. Gap up, after gap up, after gap up, after gap up. Can anything stop this never ending debt binge, and risk free-for-all? Will stock prices ever accurately reflect the value of the underlying asset, again? The logical answer is yes, but it sure doesn't feel like it's going to happen anytime soon. FB and AMZN are getting hammered, while MSFT and AAPL are flat on the day. Vix continues to get clubbed, in one of the most vicious corrections I've seen in a while. But, we're holding up relatively well as investors digest this "WTF" moment. Good luck out there today guys, and trade safe. If you enjoyed today's analysis, please hit the Like button and subscribe to our profile. The information and analysis shared in this post is not financial advice. Always conduct your own analysis and research.
AMEX:SPYShort
by Hedge_Of_The_World
7