Wpattern
AEIS - Handle ContinuationLooking for short term continuation within a cup and handle structure.
Price is already within the handle and looks for more up movement before the handle structure breaks and price falls.
The up move could be considered to form a W pattern which I have shown with the bars pattern tool.
GBP/USD BUY "W PATTERN" (DOUBLE BOTTOM)OANDA:GBPUSD
HI , TRADER'S , OUR PREVIOUS ALL PREDICTION'S ABOUT GBPUSD REACHED TARGET
As you can see in chart market is making W pattern , which is also known as double bottom chart pattern
It's a bullish pattern in which market make 2 bottom's , and from second bottom buyer's push market up
Now 20,50 and 200 ema is supporting market , and more 150 + pip's expected
Take your entry if any dip come.
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W for the Win QQQOk I waited for this and really doubt it would pan out.
We have a W pattern in the brink of a breakout.
Now, lets take the political spectrum. We are not in the climate for expansion after the dwarf star called the stimulus pack from 2020.
Even if it was not a recession it is hard to be bullish.
So lets get to it
Bullish View - Earnings report was interesting. There was very little that showed stock weakness including the massive move by Tesla. I can see $300 level being a big barrier from getting the W pattern to play out. Be vigilant that it can turn back around as quick as it ran up.
Bearish View - Lets be serious... how this run up still here? Being below the 0 line in the weekly does not bold well for enthusiasm to take this to 300, let alone the measured move of 310. Look for reversal patterns and exhaustion. Time to take this down, been months since a new low was formed.
EURSGD - W patternHello traders! We can spot a similar formation on EURSGD as on EURJPY, about which I discussed in my previous post, and which has already reached the take profit. EURSGD also seems to create a strong impulse downwards, completing to the neckline the W that was formed on the daily timeframe . We can see that the MACD is below 0 and EMAs are crossed, showing us a bearish environment. From here, there is a high probability of reaching the neckline of the daily W, going to at least at 1.425
OANDA:EURSGD FOREXCOM:EURSGD
EURJPY - W patternHello guys! EURJPY seems to create a strong impulse downwards, completing to the neckline the W that was formed on the daily timeframe. We can see that the MACD is below 0 and EMAs are crossed, showing us a bearish environment. From here, there is a high probability of reaching the neckline of the daily W, going to at least at 140.8.
FX:EURJPY OANDA:EURJPY
Channel Down and W with Fail PatternThis is an example of Channel Down and W with Fail Pattern.
Found that W Pattern (Bearish Crab) within Channel down.
Fail pattern occurs after Point C, thus RSI need to be reviewed.
Indicator used :
1. Regression Channel Alternative MTF
2. HH-LL ZZ
3. XABCD Harmonic Pattern Custom Range Interactive
AUDCAD - W patternHello again! Here we have a nice W pattern from which we can expect a retracement of the price to the neckline - 0.89440. But firstly, we need to see a break of the current support, and only after that, we can be looking for an entry point at the retest of that zone. Now waiting for the market to open in order to see if the setup will be completed!
W Pattern + 2 Supports We've two supports, one of them since September 21st, tested by shadow candles, the same for the most recent support. However November 4th both lines was crossed but it was just a test from candles, we assume this will happen again and change the direction up.
RSI and MACD also showing us a overbought feeling
Triveni Engineering & Industries LTD - Multiple Indicators📊 Script: TRIVENI (TRIVENI ENGINEERING & INDUSTRIES LIMITED)
📊 Nifty50 Stock: NO
📊 Sectoral Index: NIFTY500nif
📊 Sector: Fast Moving Consumer Goods
📊 Industry: Sugar / Agricultural Food & other Products
DAILY TIMEFRAME W PATTERN BREAKOUT
WEEKLY TIMEFRAME MACD CROSSOVER AND DOUBLE MOVING AVERAGE CROSSOVER SOON
Key highlights: 💡⚡
This stock pick is according to my study. I have use few indicator that is
BOLLINGER BAND
MACD
RSI
DOUBLE MOVING AVERAGE
VOLUME
📈 Script is trading at upper band of Bollinger Bands (BB) and giving breakout of it.
📈 Crossover in MACD .
📈 Already Crossover in Double Moving Averages.
📈 Volume is increasing along with price which is volume breakout.
📈 Current RSI is around 76.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 291
🟢 Target 🎯🏆 - 339
⚠️ Stoploss ☠️🚫 - 267/260
⚠️ Important: Always maintain your Risk & Reward Ratio.
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Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
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Happy learning with trading. Cheers!🥂
Tilray: Extended W or Head&ShouldersIt's not certain yet but I see high probability for an Extended W pattern (double bottom) or a Head&Shoulders pattern (triple bottom).
First target=4.50
After the first target, there are two probabilities:
A) It may break the resistance and keep on rising.
B) Or, it may turn back from 4.50, form a "head and shoulders/triple bottom pattern" and then rocket!
Mid & long term targets might be very high, since the share is too far away from its ATH.
BTC 4h Trade - W pattern + MACD crossThe MACD at 4h has been working excellently in the range shown in the chart. With it once agian crossing paired with a potential W pattern, that will make for a decent shortish term trade. Risky so don't throw all your money in.
Open the trade once the W pattern breaks out.