Double Bottom

- Long on the Double Bottom with 2618 - Bearish Harmonic Pattern Cypher

Hi guys, this is my last idea for this year. I hope it'll bring you some insights. First of all, the yellow box is representing a good structure level in the daily and weekly charts, that is the basis for each and every trade i place. After that, you can see the D point of a Gartley formation (though it's not valid at the moment) right near this spot. Alongside,...

Goldman Sachs has stumbled and now there is much debate out there about what next to do. As usual some are shouting "enter long now", whilst others are saying "stay out" etc. For me, it's very simple i.e. I just need to wait on a favourable time frame, somewhere between 2 - 6 hourly if I'm to go north. It's difficult to go short as there could be a rebellion of...

Looks like confirmation is just about in for this double bottom pattern on Equifax stock (EFX). There is also a gap down that needs filling on this chart.

If we see a breakout to the upside it could be a nice little bull run for bitcoin. Wait to see confirmation.

Keep an eye on this stock as following confirmation of an Adam & Eve Double Bottom pattern we could be looking at a target around 85 with a stop loss around 52.

Following a double bottom pattern maybe BCE has finally found a bottom, if the bull move continues we are looking at a target of 43 with a volatility stop around 39.20. Maybe just wait for the price to keep increasing to make sure this is not in fact a double top, in which case the movement could be bearish. I am siding on bullish though because of the direction...

Bullish Cypher / Bullish BAT / Double Bottom

Long Opportunity based on Double Bottom -little bit late entry -waiting for price to reach 0.73000

BITFINEX:ETHUSD

Hey guys, this is quite particular as a case study. Here on GBPCHF i've gone down to a lower timeframe because i was looking at the daily chart and i saw a double top with RSI divergence. Thus i went on the 4hr chart and looked for trading opportunities at the retest. Guess what i've found: another double bottom with again, RSI divergence at the second test. At...

Hi guys, on the daily chart EURNZD is in oversold condition and it's also testing a key structure zone. That's why i've highlighted the yellow box that you see above. In cases like this, i like to go on smaller timeframes looking for additional clues to take a trade. In this case i've found multiple hints: first of all, on the 4H chart we can see a couple of...

SEK weakness continues to reign , previously we saw a potential double bottom (DB) form with the February low (pattern later confirmed with a break of the neckline in April) and had further reason to be convinced of the reversal with an A-B-C reversal pattern forming off the same Feb low. After reaching a YTD high of 8.9159 we saw a ner retest of the DB...

Hi guys, there are several reasons why i'm going long on this pair. For starters, price is testing a very important structure level that you can see both on the daily and weekly timeframe, and in doing so it's creating a nice divergence on RSI on the daily. Moreover, if we lower a timeframe, we can see on the 4HR that we have two engulfing candles (one after...

Hi guys, here on NZDJPY we've just tested a very important level on the daily timeframe, while creating a double bottom with RSI divergence on the lower timeframe (4H). This is a clear sign of reversal and could point to a change in trend on a long term basis (especially in the location we're). One of the way that you can trade double bottoms is by waiting for a...

Hi guys, i've been looking at this pair for the whole week, and now i think i've found a nice trading opportunity for a counter trend trade. As you can see price has created a double bottom with RSI divergence in a zone that was already on my radar for being a daily structure area. RSI is in a divergence also in the higher timeframes and that's confirming my...

Hi guys, this is what i'm looking at this morning: as you can see on the left hand side of your screen (daily chart), price is having rough times breaking through 84.50 level. Looking back in the past, you can see this level has played both a role of support and resistance and this is telling us that it could act again as support. As a confirmation, i went down...

Hi guys, if you look left you can see that the zone we're testing now is a very important one, that acted both as support and as resistance multiple times. As you may know from my previous analysis, i usually look for trading zones on the daily chart and then go on lower timeframes searching for an additional confirmation of that bias. In this case i want to go...