I see a nice bear trap on NZDCAD. Trading within a wide horizontal range, the price violated its support. The violation turned out to be false and the market formed a tiny double bottom on 30 minutes time frame. We see a strong bullish imbalance now. The market may keep growing to 0.8175 ❤️Please, support my work with like, thank you!❤️
This is not a financial advise it's for educational purpose only. Like and follow me for more 🥰
Hi all, Looking at the NASDAQ from the 1H time frame we see support that can be found at 18250-18200. From there, I anticipate price to retest the upward trendline which will now act as a resistance line as price closed below this trendline. I will look for setups on shorts around 18400-18350. Next support level can be seen on the 1D time frame at 18100-18050.
The bulls are very strong today. After breaking through 2183, they quickly rose to around 2200 and fell back after hitting strong resistance. The current support is 2181-2186, and the resistance continues to focus on 2196-2202. The US market is trading in this range, and we should be wary of the possible double top pattern. Once the pattern is formed, it will...
📉GBPCAD has shown two significant bearish patterns on the 4-hour chart. These include a bearish flag formation and a double top pattern. The neckline of the double top has been breached. To confirm a sell signal, look for a breakout below the lower boundary of the bearish flag with a 4-hour candle closing below the support line. If this occurs, a bearish...
The Bitcoin could reach $50,000 due to the emergence of a chart pattern called "double top," typically seen as a bearish reversal signal. This pattern forms when the price hits a peak, retreats, then returns to that same level to form a second similar peak before declining.
Double bottom with fixed range. Using 1.5 RISK REWARD RATIO measuring BREAKOUT. The price Target reads $69.194 but may not end there, could be a little lessor or more, I will be evaluating. TWO LOWER LOWS with regression trends showing guidance. MA averages included. FYI: This does not mean it's all uptrend, may be accompanied by some dips. CAN YOU FIND MY...
This trend line, that I spotted on a daily, is very significant. The price formed a double bottom pattern on an hourly time frame, after its test. The morning's Japanese CPI report also strongly supports the pair. I expect a bullish movement at least to 91.2 ❤️Please, support my work with like, thank you!❤️
The SOL/BTC weekly chart presents an interesting technical development that suggests a possible bullish reversal for Solana (SOL) relative to Bitcoin (BTC). Here's a breakdown of the observed pattern and its potential implications: Double Bottom Pattern: The chart appears to be forming a double bottom pattern. This pattern is generally considered bullish within...
It seems that NASDAQ:PARA is ready to fly. A harmonic pattern is observed on the daily chart and double bottom at around 10.25. The sentiments around the PARA is positive as traders waiting for a deal for take over. The awesome indicator is also showing a bullish trend. First target price is 14.73 and second target price is at around 17.36. I put the stop loss...
Apple is currently forming a double bottom at Key support levels ($169) also approaching over so conditions on the RSI (currently at 37). This may be a great opportunity for the Bulls to step in and push Apple back up to the $180 area and possibly $190 (All Time High) as we test a few key resistance levels along the way…… Let’s see how this one plays out!
Crucial S/R level Breakout/Retest has Confirmed on the 3-day timeframe Chart. Buy between: 0.72 : 0.7 Targets: 0.78 - 0.90 - 1.22 - 2.33 Stoploss: daily close below 0.56 Don't forget to support us with your like comment and follow for more signals 🎯
After a formation of a double bottom, we can see the price crossing the two resistance levels. Making a Gap on Thurdays Open. DMI is showing some bullish strength, RSI is at an extreme of overbought. Volume is increasing right now, after decreasing on Thursdays. WIth these factors, the price it will probably try to close the gap or even test the new support level.
The market has been consolidating between $2074 & $1676. There's 5 days left before the close of this month's candle, which could confirm a break-out to the upside.
As I have said before, vying for 152+ is pure mental illness borne out of greed and brain-to-bull-market replacement. Times of easy money off longing the dollar are over. CPI has shown this. The only things still up are fuel and rent, and arguably so. As with anything, zoom out before you get excited and lose money. This is the only PSA I will leave here for a...
Hello Everybody. As you can see, The W pattern going happen buy if dont break down. If occur double bottom, we can open short possition for btc with risk managment. Also btc and others going down. Comment your opinion. Tnx.
NKLA on the one hour chart shows several stock patterns which may suggest a trader to sefely deploy a small portion of available risk captial here to have a good chance to make a profit. In the first instance, a "W" or " reverse cowgirl" pattern is seen as handrawn iin blue line. This is bullish like the "M" pattern is bearish. The second pattern is an...
Hello Traders ! On Friday 8 March, The EURUSD Reached a Resistance Level. The Price Formed a Bearish Double TOP Pattern. So, I Expect a Bearish Scenario: If The Market Breaks The Support Level and Closes Below That, We Will See a Bearish Move... TARGET: 1.08080🎯