Hi everyone, Yesterday I mentioned that we are in a wedge (could be a bearish flag too), and we in a longer term downtrend. Right now, the market is doing a pullback (Bitcoin), after seeing a strong rejection from the last resistance. First the pullback is most probably 50% bullish retracement, but on the other hand, the rejection might have formed a...
Notes: * Strong up trend * Good earnings in the recent quarters * Pays out a nice dividend * Created a double bottom and is now moving up on the right side of its base * Recently bounced off of its 50 day line Technicals: Sector: Energy - Oil & Gas Integrated Relative Strength vs. Sector: 5.8 Relative Strength vs. SP500: 3.16 U/D Ratio: 1.16 Base Depth:...
CONVICTIONS 1. Double bottom pattern 2. RSI divergence 3. Long support NSE:HINDALCO
Hi Traders, Today we are looking at a possible double bottom forming on the 4-Hour Chart We have seen nothing but bearish price action for the past month on most FX pairs. The DXY has been going parabolic Is this a good time to buy? I only enter positions that match my setup, which could be a possible play. Yes, it is a counter-trend which is not always...
The price got a bounce on the 1.272 Fibonacci ext on the daily timeframe and the price created a double bottom on this level on the daily support (0.117$) On the 4 timeframe the price got a rejection from the weekly resistance around 0.13$ How to approach? The price needs to grab liquidity and flip the 4h resistance on 1.125$ with volume and momentum, ...
Above chart is a daily chart of IGL. Double bottom pattern with higher low is visible. Breaking above 400 will active the trade. Potential target 430.
HELLO EVERYONE HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE. HERE'S A LOOK AT POSSIBLE SCENARIOS THAT COULD PLAY OUT IN THIS NEXT WEEK ON US 500. The index opened the week with a bullish rally since it broke out of that descending channel . * The index is still strongly bullish looking at momentum to the up side, but what goes up must come down as we definitely...
CREAM/BUSD - Trade Set up - Low risk, Double bottom above resistance, next stop 58% upside first target, basement prices - straight up affair from here
Due to the recent news, the Ronin ecosystem was hacked. Lots of people got scared which resulted a dump in most coins like AXS, RON, and SLP. SLP went down to about 16% because of the FUD. Focusing in the chart, signals are getting stronger and stronger. The hidden bullish divergence we have is still intact, the longer it stays that way the bigger the pump once...
Long euraud buy at 1.485 tp1 1.51 tp2 1.53 tp3 1.56 tp4 1.60 tp5 1.62 sl 1.45
Earlier this month, Costco made confirmation of an Eve & Adam Double Bottom chart pattern as it began seeing daily closes above the mid range between lows. This pattern indicates a fairly high probability (about 88%) of a bullish reversal relative to the sell off which from the recent all-time high (571.49) achieved on December 29th, 2021. Today, the price is...
Hello, on this pair Analyzing from daily time frame down to 1 hour timeframe(Topdown Analysis), price as tested the upper Trend on the DTF and got rejected moving down to the lower time same setup applies(on 4HTF spootted a double bottom with is also an addition to our factor of confluence). Looking forward to short the pair. My Target is to support...
Price action and chart pattern trading medium term setup > Bullish Dragon Harmonic Pattern - ridge breakout pullback entry > 1st Target Hump zone 0.5 - 0.618 and the final target at extended tail swing zone 1.0 and above > Stop zone at dragon claws zone - doubled bottom > Risk ratio 3:1 for medium term trading Indicator: > Bullish divergence RSI and MACD golden...
FIRST BREAKOUT ON A WEEKLY CLOSING BASIS OF THE DOUBLE BOTTOM TRIGGER LEVEL @ 1'919 (WEEKLY CLOSING WAS 1966.60) PULLBACK ON RSI HOLD AND RECOVERED; currently above 50 @ 68.21 LAGGING LINE ABOVE FORMER HIGH = positive signal too On the downside the first support to look at is at 1'878 (TS) ahead of 1'848 (KS) and MBB @ 1'827 which is also the top of the...
double bottom "W" pattern. Still new to this, comment if you agree/disagree ! obv not financial advice
Note: I've mentioned this stock a couple of times before but both times it pulled back to an expected level due to the market conditions at the time. * Excellent earnings * Very strong up trend * High 3-month relative strength of 2.61 in the Industrial sector * Breaking out of a ~9 month base with higher than average volume * Tried to break out a couple of...
NZDCHF on the daily attempt twice to break the dweekly support creating a double bottom. The market took the liquidity and is moving upward, with a test of a resistance area. According to Plancton's strategy IF the price will break above and the academy conditions will be satisfied we will set a nice long order. –––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple...
Hi traders. I updated the Head-and-Shoulders' template. My entry yesterday was antecipated but the setup is going well. The market Is double-bottommed and an 2-Day upward to the supply zone above 52k Is possible (higher high at least). It'll invalid the shoulder, off course, validating a Broadening Triangle top (short). Great trading at all.