Is CADJPY exhausting at highs?
As the price is been on high bull run but now it seems like price is lacking bullish momentum after printing double top pattern at resistance level and bearish divergence suggesting the sell pressure is about to start.
If the bears took control , the 1st target could be 109.30 followed by 108.
What you guys think of it
CADJPY has formed a Bearish Shark Pattern that I think will eventually be realized and once it is realized, I think it will target the previous major Support/Resistance Level down at 91.60 JPY. For now, the entry remains unconfirmed until the PPO crosses back below the upper extremes, but despite that, I'm entering here in risky anticipation of it doing so from here.
Gold on Friday forms a false breakdown of flat resistance (indicated on the chart). On Monday, the market forms a retest of the upper boundary and forms a false breakout again.
TA on the high timeframe:
1) The market is still continuing to form a bearish trend
2) A retest of the liquidity area forms a false breakout, indicating buyer weakness at the moment.
TA...
NASDAQ:CGC - REKKKT
This is not supposed to happen before factor X (luck?).
IMO I think I did with the analyzing solid job. Please, no matter how small thing it might be. Let me know in the comments to improve
I'll walk you through my thoughts:
The Canopy Growth Corporation hit it's bottom on Fri 07/14/23. It fired up those Dank fueled rockets to head outer...
Is USDCHF exhausting at highs?
As the price is been on high bull run but now it seems like price is lacking bullish momentum after printing double top pattern at resistance level and bearish divergence suggesting the sell pressure is about to start.
If the bears took control , the 1st target could be 0.88600.
What you guys think of it
This easy Adam & Eve Top can give traders a high profit short sale opportunity. The price usually don't draw a third high prior to entering a bear market.
Hello, traders, investors and community! Today i am taking a sharp look on the retail-giant AMAZON and what we can expect in the next weeks and months! So lets start, looking on the weekly chart of AMAZON you can see this long trendline which begun january 2015 and ended october 2018 with a sharp decline in price, you can see it on my chart. It is marked with the...
Daily Chart
Render Token is in consolidation phase in range 1.25 - 1.55 and it's trading at 1.485 now. Very nearly resistance
Chart 4H TF
BINANCE:RNDRUSDT is still uptrend and moving up to resistance around 1.55
This level is very strong, so I don't think RNDR can break out now. Besides, this level is retracement 0.618 Fib that's why I more likely for...
Is ASTRUSDT exhausting at highs?
As the price is been on high bull run but now it seems like price is lacking bullish momentum after printing double top pattern at resistance level and bearish divergence suggesting the sell pressure is about to start.
If the bears took control , the 1st target could be $86 followed by $85
What you guys think of it ?
Is USOIL exhausting at highs?
As the price is been on high bull run but now it seems like price is lacking bullish momentum after printing double top pattern at resistance level and bearish divergence suggesting the sell pressure is about to start.
If the bears took control , the 1st target could be $86 followed by $85
What you guys think of it ?
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
on Weekly: Left Chart
USDCAD has been overall bearish trading inside the falling channel in red.
USDCAD is currently sitting around the upper trendline acting as a non-horizontal resistance, so we will be looking for trend-following sell setups.
on M30: Right...
📉 GOLD Analysis: Bearish Divergence & Double Top Reversal 📉
#TechnicalAnalysis #GoldTrading #BearishDivergence #DoubleTopReversal #InvestmentAnalysis
Hello Traders! 👋 Today, we're diving into a detailed technical analysis of Gold (XAU/USD) on the 1-hour timeframe. Strap in, because there are some interesting findings to discuss.
📈 Overall Trend: Bullish
-...
Hello,Traders!
AUD-USD has retested the
Horizontal resistance of 0.652
Then established a double-top
Pattern and we are already seeing
A local move down so I think
That the pair will fall
Sell!
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Check out other forecasts below too!
The pair is testing the broken support now an important resistance. Dollar went up very hard and it may try to break up that resistance, but the massive double top gives me confidence that is going to fail the test and pair will fall. I don't have a big position this time, just moderate. If a see a hard rejection in the daily timeframe I' add.
Hello Traders and Investors ,
my name is Philip and today I will provide a free and educational multi-timeframe technical analysis of the Nasdaq 💪
Looking at the macro view on the monthly timframe you can see that at the moment the Nasdaq is retesting massive resistance of the 10+ years rising channel formation so I do expect a monthly push lower.
Just...
USDCAD presents a compelling selling chance! 🛑
A prominent double top formation has emerged, punctuated by a neckline breach, a successful retest, and a resounding rejection at this pivotal juncture. The stars align for a favorable entry to ride the downside momentum.
🧭 Leveraging the strength of the moving average and neckline, there is a confluence of...
CADJPY has formed a price action reversal pattern double bottom on its hourly chart and the price is trading below near the NECK LINE BREAKOUT: 107.840.
ST: 106.005
Targets
100% AB: 111.372
150% AB: 113.177
Monthly. SPX (candles) and NDX (line). 🤔
Of course not every double top ends in tragedy...but this looks textbook. Does anyone have knowledge of previous double top calls and what other indicators to watch?
