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Tripletop

nzdjpy triple topThe pair has formed a triple top in last months and now it will drop towards the 200-day simple moving average at 68.8, it could be the first target of the bearish impulse because if that moving average will be broken nzdjpy could reach even 66.00 which is one of the most important support zones. New Zeland economy is not performing very well and the RBNZ will lower the interest rates in early 2021, the LSAP purchases programme could be enlarged and this will reduce the NZD value, the GDP in the second quarter fell 12.2% and is expected to be -0.5% in 2021, so the new zeland is in a recession phase; The Bank of Japan will try to reach 2% inflation next year , the economy is still in a severe status but it is picking up especially the exports. The trade has a good risk/reward ratio , anyway use a proper money management. Enjoy your trading!!!
Short
by Dragon_Investments
1
OKTA - Triple Top??OKTA has formed a triple top pattern (potentially bearish). Despite the last top to be higher than the 2nd, a bearish divergence formed and it came down very quickly to the "neckline" @ 193. The odds of it breaking below 193 have increased and should it have a close below 190 then the downward trend is set in motion until the next support @ 173-177 Disclaimer: This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance. Thank you.
NASDAQ:OKTAShort
by Juliac
NASDAQ bears take over ------------------------------------------------------------------- pros: triple top pattern bearish divergence resistance 2 times not breached. US economy falling apart ? ------------------------------------------------------------------- cons: it is not 100% the rsi is not overbought(as lastly was). the trend is uptrend(but everything has to come to an end) ------------------------------------------------------------------- it's just idea. comment your idea. enjoy,and PEACE! -------------------------------------------------------------------
UShort
by bizmatej
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