DPW is a previous runner ,
Double bottomed , and filled the gap at 2.20-2.70 level .
a break over 3.40-3.50 level with risk being under 3 , target 4.5 ,5.20( small gap) and ultimate 6.20 fib level and trendline coincide
This breakout is based on a one day time frame basis. This stock is on uptrend making higher highs and higher lows, its last high was on 8th February 2021 after which it started forming bearish price channel and retested its previous deep retracement zone forming double bottom meanwhile 200 MA was also in the same retracement zone. Then came the breakout of the...
Bullish setup (Blue) - We have a potential DB forming, a break of the neckline will also break the T/L - giving clear indication that the momentum is shifting. Divergence is present.
The blue box that the price is currently sat in is a clear area of Liquidity slightly further back in this time frame. If it can break above & scoop back, the move up is...
Hey everyone, welcome to a new market update.
Please trade safely.. BTC is leading and can make unexpected moves at the moment.
If BTC starts to get bullish, I will start to make updates about the altcoins.
Sooo.. BTC is holding support around 48K.
And we see something bullish. BTC is making an double bottom!
A double bottom is a bullish reversal pattern,...
USCAD has been in a descending wedge and is being squeezed. As we're anticipating CAD weakness, could this be the start of a a bullish run for USDCAD?
We could potentially be seeing a double bottom happening now. I would wait for a break of the wedge before considering longs. Until then, I'll be sitting on the sidelines as it would be wise to wait for...
Break of structure, double bottom formation - bulls take over the market and break through range bound price. Simple analysis on this pair.
Watch for the blue key levels marked for turning points as we begin our ascent! Check out our two previous linked ideas!
Price resides at long term lows - We've seen a double bottom formation @ 1.56 whole level and price has slipped into this 200 pip trading range.
We are expecting price to break out to the upside. Lets see what happens. It is well possible price dips and tests the 1.56 again, forming a triple bottom before strong bullish momentum takes over.
Lovely double bottom formation at a long term key level in the market. Price currently resides at a marked key level on our charts. Will we see a break of this level? If so - clean traffic up to 1.7070!
Keep an eye on this pair - And any questions please drop me a message.
A double bottom has already formed on Silver 240 chart. We are waiting a green kicker candle for demand momentum confirmation.
Reward to risk = 1.4/1.
Enter around 1.21069 - Entry reason: Bearish engulfing .
Entry - awaiting green kicker.
S.L. is around 24.77787
T.P. is approx. 26.15417
The euro continues to resist dollar bulls by holding this level.
Long wicks to the downside in recent price on the 4HR show bulls trying to push price down and break this level but failing.
Can see price might trade in this 50 pip range for the rest of the week. However, be ready to adapt your directional bias if we see a price break down through this...