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Tripletop

GJs BULLISH MOMENTUM MAY HAVE DIED...There is a possible triple top formation pattern being created on the 15min Time-frame. I have been monitoring GJ all week. Price is currently testing Daily resistance, it broke above but still has 12+ hours to close. I entered a Sell order, and my profit level is indicated on the chart. I will be watching it throughout the morning, I would definitely not like to get caught in a weekend trade. Unless it's Crypto :) LEAVE YOUR COMMENTS BELOW
Short
by lobfxempire
1
Apollo Tyres from 5 July 2020The stock has been showing good movement May Month .--> markup then cosolidation happened ... stock is moving toward the new level of 125 zone .... Monthly increase of max 11% has happened in previous months ... -> max this month 20% (super max) July opening of 108 has happened --- 108 *1.20 = 129.6 ( super max wick ) Possibility movement scenario === 1. break the red line goes up ---> retest the red line ==> finally shooting to 125 zone 2. forming triple top --> touches the red line ==> goes down to grey zone ( s/r zone ) no very safe option strategy possible until breakout or reverse happen if breakout call spread might be good ... retracement till 112 possible don't lose nerve of steel ...
NSE:APOLLOTYRELong
by Trade_with_yash
US30 SHORT 1H DT - FOLLOW UP + TARGETFollowing the US30 reaching to the support of the wedge around 25,050-25,100 after my last idea, US30 continued rise back to the 25800 resistance, forming a triple top - within the same day an immediate reaction came when it broke back below the neckline around 25,600 area as a result of reaching the descending trend line resistance converged with the triple top resistance at the significant 25,800 multiple convergence zone. As a result of dropping below the neck line at 25,600 , the US30 continued to fall within the 'wedge' area reaching close to the wedge support and initial double top target around 24,800-24,900 support zone. Total points of drop since sell idea published June 25th: -On the same day -250 point catch to 25,100. -The next day additional -850 points catch to 24,960 following the bear trend and averaging on the first short position. A total of 1,100 points in just a single trading day. The US30 is facing strong bearish indications both fundamental and technical - it's important to take advantage of this rare volatile time. Get in touch with me to learn more on how to continue trading the US30 and more.
OANDA:US30USDShort
by Exactus
😯 Ferrari Could Be MASSIVE For Bears! (RACE)💰 LET'S GET INTO SOME FERRARI ANALYSIS!💰 1️⃣ First off SMASH that LIKE BUTTON & Give us a FOLLOW for DAILY ANALYSIS! ❤❤❤ (Overall Market Sentiment) 🐻 Bearish - This one could be massive as a potential triple top crown could be in motion. We are now approaching the highs of the previous last 2 major structures. This could be a huge money maker for a bear! - Let's also notice that we do have some lower lows on major structures. Failure to break higher will result in a massive drop I believe. - I'm looking to play this one on a timeframe like the weekly for a turn around and hold a long term position. Drop your charts and comments down below, share with us what you think is going on in the markets! ❤❤❤ Thanks for checking out our analysis! ✌😁✌ 🥇MLT | MAJOR LEAGUE TRADER
NYSE:RACE
by UnknownUnicorn2319099
3
AUDUSD SellMore confirmation to me of a short potential on AUDUSD. Triple/double top (however you see it) gave me my first indicator, proven supply area in the purple box playing out, and formation of H & S pattern on the right has meant I've placed a SELL Limit. SL placed 2 pips above the last high spike, entry placed at the start of this hourly candle, and TP giving me a good R:R ratio of 2.2/2.5 or something to 1. If my order doesn't catch then I will look for entry on a shorter timeframe once we break the H&S, and adjust my SL to where I think the H&S pattern would prove incorrect. Let me know your thoughts.
Short
by MSI_JAL26
S&P500 Triple Top at 61.8% Fib Resistance, And A GapThe S&P 500(SPX) closed today at $2,922.94 for a -$30(-1.05%) loss on the trading session. Price is also once again hitting 61.8% Fibonacci resistance and setting up for what could potentially be a triple top pattern. The 61.8% Fib level has acted as resistance since late April while each pullback has held at the 50% Fib making this the current consolidation range as traders attempt to figure out if Federal Reserve money printing is enough juice to override the overwhelmingly bearish economy. Today’s price candle closed green which indicates that there is bullish momentum behind price, but the candle also closed as an inside candle which could be a sign of a reversal head. An inside candle is when the current candle’s high and low is completely inside the range of the previous candle’s high and low range, which indicates that traders were unable to move price higher or lower than yesterdays levels and are most likely indecisive as to which direction to go. There was also a gap created in the chart from Friday’s close and Monday’s open, and gaps tend to be filled so going forward we might be looking at a gap-fill this week with price falling down near the $2870 level or roughly -1.7% from today’s closing price. A gap fill would also take price back down near the 50% Fibonacci retracement level which means we’d get to see if that level will continue to act as price support. The Relative Strength Index(RSI) shows the green RSI line trending just above the purple signal line which indicates short-term bullish momentum is behind price. The green RSI line and purple signal line are both above the 50 level which is the midpoint of the total RSI range. In general, an RSI reading above the 50 level indicates overall bullish momentum behind price while a reading below 50 indicates overall bearish momentum behind price. The Price Percent Oscillator(PPO) shows the green PPO overlapping the purple signal line which indicates that short-term momentum has turned neutral. In general, you want to see the green PPO line rising above the purple signal line as an indication that there is bullish momentum behind price. Both lines remain above the 0 level though which indicates that price still has bullish momentum in the intermediate-term. A PPO reading above 0 indicates intermediate-term bullish momentum while a reading below 0 indicates intermediate-term bearish momentum. The Average Directional Movement Indicator(ADX) shows the green directional line above the purple directional line which indicates that there is a short-term positive trend in price. The histogram in the background at very low levels after a recent decline which indicates that the overall strength in trend has weakened. In general, you want to see the histogram rising as a sign of trend strength; if the green line is above the purple line and the histogram is rising you have increasing bull trend strength. If the purple line is above the green line and the histogram is rising you have increasing bear trend strength. Overall price remains neutral here as price continues to find resistance at the 61.8% Fibonacci level. The lower momentum and trend indicators still show a slight bullish bias, but with resistance at the golden Fib level and a lower gap in the chart the likely move going forward will be a pullback and re-test of the 50% Fib level while closing the gap. In order for me to turn bullish on the S&P500 I would like to see price push above the 61.8% level; to turn bearish I would need to see a move below the 50% Fib level and for the lower indicators to turn bearish as well.
SP:SPX
by PrepForProfit
10
ETHUSD > Is Breakout in The Cards?Hey friends👋 Support this idea with like if it's helpful to you, leave me a comment below that will help me a lot 🙏. Analysis of #ETHUSD Here we can see prices failed at 220 also is minor structure level before it mad triple tops and started to fall to its trendline support and it find decent support at the trendline, I could not get involved with my clients as the price made the triple and I had no reason will go and retest for the fourth time, so we made the decision to miss this trade and wait for a clear sign like a break and retest of 220 level, and most important factor in our decision was that BTCUSD is at major resistance level, and if it started to fall ETH will fall as well. now we wait and monitor price action Thanks for taking the time to read my idea please do not forget to hit the like it's my only reward🙌 Check today analysis below Stay safe everyone _____________________________________________________________________________ Before trading our ideas make your own analysis. _____________________________________________________________________________ Disclaimer: this information is not a recommendation to buy or sell. It is to be used for educational purposes only**
COINBASE:ETHUSD
by TheTradersAvenue
10