Tripletop
AUDCAD H4, possible triple top trade!Price is currently in a major resistance zone with multiple hits that were followed by massive bearish moves. Drop to a lower time frame and look out for a reversal pattern in this zone. Enter a sell after price breaks out of the reversal pattern in the direction of the trade. Good luck!
Triple bottom and Triple topIts just send a powerful signal for Triple bottom and next target ... BUT be careful it may crate a RECTANGULAR PATTERN and just come back to the support line again
ETFMJ- Cannabis ETF- Capture the gain (Industry)Cannabis industry, after a wild run-up and capitulation in 2018, has been trading under its intrinsic value for a while.
For investors who want the exposure to the industry without taking on the excessive amount of risk associated with individual cannabis stocks, ETFMG Alternative Harvest ETF is the way to go.
Go long now in the trading range or go long in the demand zone if the consolidation break-down happens.
EUR/USD: Triple Tops With +470 Pips Target Ready To Enter Now This is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
Triple Top: Here Comes the Crash!!! Sell Everything Now!!!It's time to sell. Triple top, decreasing volume, unfilled CME gaps. We're going Sub-10k very soon!
AUD/NZD - SELL potential 1) Price at Major resistance zone
2) triple top
3) Price moving in a bearish channel
4) waiting for the price to break the neckline first with a retest then entry
5) clear divergence
6) 2nd entry after price breaks the bearish channel and then a correction = entry
NASDAQ bears take over -------------------------------------------------------------------
pros:
triple top pattern
bearish divergence
resistance 2 times not breached.
US economy falling apart ?
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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)
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it's just idea.
comment your idea.
enjoy,and PEACE!
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EURCAD in a weekly rangeBuy support and sell resistance. It is a basic rule of trading, you need not forget about the Euro strength in the past weeks.
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
Possible Triple Top.If it breaks below the purple wedge I'd call it confirmed. And expect it to reach the red channel's range. If it breaks above the purple wedge, it's a no go.
Just a guess like the rest. Not Advice.
USDCAD Short PositionWith an interest rate decision coming out at 1500 hours we can expect the USDCAD pair to carry bearish momentum as the Canadian dollar is expected to come out positive after the interest rate decision.
SPX 500 TRIPLE TOP OR BREAKOUT TO THE UPSIDE?SMASH that like button if you enjoy the chart.
Remember: SPX has been leading BTC.
They're heavily correlated in recent price action, I'd keep an eye on that.
Can SPX keep this momentum up? Or will we crash? What's your thoughts?
GBPUSD Short PositionTriple top which is marked by the horizontal black line signals a reversal which has been confirmed.
Although this entry may be late there are still some pips that can be caught and to be safe the TP is at the previous low.
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 ...
ITC TECHNICAL ANALYSISNOTE: TRADE ONLY WHEN YOU UNDERSTAND THE CONCEPTS.
TRADE WITH KNOWLEDGE FOR GOOD PROFITS!
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.
Bear's Wet Dream Pt 2: Path to July3/6 SPY2909This thing has been following my trends for 24hrs, so I drew out a few more days with my magic crayons.
😯 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
NZDCAD Short What looks like A triple top reversal pattern has been formed, expecting a downward trend from here
