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Tripletop

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
AUSSIE YEN Top of the range!!!Short the Aussie Yen at the top of this range provides a fantastic risk:reward!! If it forms a swing high, this is a beautiful technical setup. Top of the range, breakdown of support only to retrace and find resistance from that same trendline with a triple top to boot!! Tremendous potential If you have any ideas supporting or on the contrary to my opinion please leave a comment. Thank you and happy trading :) Disclaimer: This is not financial advice.
Short
by EireTrade-Capital-Management
BTC- Safe asset? The moment of reckoning! PA/OF analysistwitter.com All these talks about BTC being the safe asset during the economic turmoil and Financial crisis... It is now the perfect time for it to step up to the plate and rise to the occasion. Is it finally BTC's moment to shine? Let's take a quick look at what happened during the weekend. The fast and furious drop is the result of thin liquidity and IMO, a pure long liquidity grab move. The price did not get violently rejected at the 9.2k because of the extreme momentum, crazy volume, high volatility and overheated buying pressure. In other words, it was not a blown-off top resulting from the overbought status. The price reversed because the lack of short liquidity (Lack of buyers at 9.2k or weak buying power relative to the strong limit sell orders/walls at 9.2k). Therefore, I expect it to be the profit-taking move by whales and, whales are possibly building up more long position through split orders. Fear index is below 20 and the the last time it happened BTC rebounded from 6.5k. Fast and furious pullback with no bounce like this one BTC is currently experiencing cannot last long. I expect at least some relief rebound. If not, 7.2k here we come. Proceed with caution and focus on the HTF when the volatility is high. Please like and follow me if find my post helpful :)
BITSTAMP:BTCUSDLong
by Libratus
3
BTC Bulls are grouping upTo me it seems inevitable to go down before going any higher. Bulls look determined to charge but they also look exhausted at the moment. After 10 days and two failed attempts to break higher, third time's not a charm. Bulls will have to retreat somewhere around 6500eur as to regroup. In the meanwhile, I feel that a benevolent whale will join their cause, and their combined powers will overcome bears resistance at 8200 eur. More bulls will join the charge in ecstasy, and altogether will rally to an all time high concluding some time in early June. To me its obvious that without a whale's help bulls are doomed, but I have a strong feeling that the cavalry is on the way. So, as in life, things will have to get worse before getting better. Lets see how it plays out. Disclosure: Please be informed that information I provide is NOT a trading recommendation or investment advice. All of my work is for fun purposes only.
Long
by fpunx