As We Talked in The Previous Analysis: On Thursday 11 January, The SPX500 Reached a Strong Resistance Level (4792.00 - 4817.20) The Price Formed a Double TOP Pattern. Currently, The Neckline is Broken ! So, I Expect a Bearish Move📉 TARGET: 4704.00🎯
Cardano failed to break the last high, and the resistance zone did its job well, preventing the price from growing further. With the return of the price, we see the formation of a double-top pattern. If the selling pressure is to the extent that it breaks the support area downwards and confirms the price pattern, we expect the price to experience the price area...
The double top is confirmed, now the pair is testing the broken neck. There is too much resistance above, It´s most likely to drop down to the next support level 1.997.
There is visible trend reversal and possible double top and restest EMA with good risk reward ratio for shorting, what do you think?
Hi Traders ! On Monday 08 January, The BTC Reached a Resistance Level (48240.00 - 47232.38). The Price Formed a Double TOP Pattern. Currently, -The Neckline is Broken. So, I Expect a Bearish Move 📉 ----------- TARGET: 42100.00🎯
Hello Everyone. double top 💲 Entry Point : 0.56984 🟢 TP 0.56348 🔴 SL 0.57301 Please support us with like & comment & Follow Disclaimer --------------- Trading is risky we all take loses your responsibility is to not take more than 1% to 2% loss per trade and double your profits.
The price of GBPAUD has formed a potential double top on the 4H Chart Additional confluences: - The pattern is happening at a strong reisstance range created from multiple previous low points in the price - The 2 tops are showing rejection from the 0.618 Fib level - The MACD has formed a bearish cross around the middle of the formation of the double top chart pattern
The first week of 2024 the US market opened around the high and closed around the low. It is very similar in 2022 and 2023. And what is the market telling us from the first week of 2024 and the direction for the rest of the year? We are going match the fundamental reason with this technical observation over the last two years. Also, what is the key...
GPBJPY showing alot of bearish evidence that it wants to move towards the downside GJ has rejected at major resistance multiple times now I'm waiting for a reaction
I bought a bunch of puts on this one. Market still on correction. Double top confirmed, testing the broken support and failing.
Hello Traders ! On The Daily Time Frame, The AUDCAD Reached a Resistance Level (0.90318 - 0.90567). The Price Formed a Double TOP Pattern. Currently, -The Neckline is Broken. -The Support Line is Broken. So, I Expect a Bearish Move 📉 ----------- TARGET: 0.89160🎯
Hello Traders ! On The Daily Time Frame, The NZDCAD Reached a Resistance Level (0.84250 - 0.83960). The Price Formed a Double TOP Pattern. Currently, -The Neckline is Broken. So, I Expect a Bearish Move 📉 ----------- TARGET: 0.83110🎯
Maybe, let's see how H4 and D1 plays out I wouldn't wanna see an H4 close above 44.5k
Hello Traders ! On Monday 11 Dec, The CADJPY Reached Strong Resistance Level (107.694 - 108.284) . The Price Formed a Double TOP Pattern. Currently, -The Neckline is Broken. So, I Expect a Bearish Move 📉 ----------- TARGET: 106.050🎯
Soon. We're at W1 resistance and a D1 double top has already formed. D1 double top was confirmed when the D1 candle closed below the 13 MA. Furthermore, we have RSI divergence Potential scenarios: Scenario A) Prices could fall anytime Scenario B) We could also see a short squeeze - prices stop hunting above liquidity. Scenario C) The above could happen, but...
Background My first idea where I lay out a yield curve battle plan was published 13 months ago. It was by no means perfect but I found it quite useful. I used it to buy the dip the market was experiencing and then when I was not seeing the follow through to a new all-time high I went back into safer assets (except for my crypto play money). The last idea looked...
A double top is detected and could send BTC very low towards the EMA 200 around 33 000 In addition if the ETF is accepted on BTC, the rebound to 33,000 will be powerful monitor your exponential moving averages and your Fibonacci levels and Bollinger Bands. + We have divergences on ROC and RSI
You need to understand overall market cycles and look at the higher timeframes before you start analysing lower timeframes. BTC 4-year cycles consist of - Cycle lows - Halving - Cycle highs Note that right before the halving, price usually ranges or pullsback On the weekly chart, notice the bearish order block and void on the left where liquidity exists. This...