In the world of technical analysis, the double bottom pattern holds a special place for traders. However, the way this pattern is interpreted can vary, especially when comparing the traditional price action approach with the more intricate Smart Money concepts. Traditionally, a double bottom is identified by the formation of two distinct lows, approximately at...
OANDA:AUDCHF three bottom formations are predicted, and a good Australian policy study that includes fundamental analysis and opens a long- or short-term trade
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🎯
The Crude oil is forming a potential double bottom on a 1H chart Zoom out the chart to see the Bigger picture. The price has been moving in a general down trend channel. Recently the price broke out of it to the up side and now it's retesting the former down trend resistance. On it, it's forming a potential double bottom. Additional confluences: - Oversold RSI...
USOil Down. Double Top with sharp edge. Divergence. 3x move because of wide stop.
Showing improvement in fundamental. Also showing double bottom pattern in weekly time frame also supported by key moving average. And the volume is also high in last 2weeks. price down with very low volume. If this stock we get near 6.8 then it will be gud buy. sl will be 5.8. Target will be very high. in one year it will be near 11. it has gud potential...
Triple top is forming out, the pair it's been rejected from the 1.339 resistance. It totally makes sense. Oil just hit bottom (I think) and the CAD is correlated with it. So oil will go up and CAD will follow. On the other side the USD is getting weaker due the FED policies. The only problem is that key support. I have a feeling that is not going to hold much...
from my previous analysis, price is bearish on daily on daily and 4hr. price is at 0.5 fib level at a resistance, would have been nice if we got a touch on the trendline too but we cant predict what will happen but only react to it, there is a small double top on 2hr which add to our confluence. if we can get a 4hr bearish engulfing candle then we can us that as a...
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 final acceleration of Bitcoin and the end of the upward trend. The beginning of the downward trend
1. In April’23 & May’23 Stock took support of a long term trend line on monthly chart . (this can be considered as end of wave 4 on monthly chart). 2. Also we can see Reverse Divergence (Bullish) between Lows of March’20 and April 23 as Price was making Higher Low and MACD was making Lower Low. 3. May 23 can be considered start of 5th wave. 4. Going deep in to...
OANDA:GBPUSD : Downtrend, the price has reached the resistance zone, the trend line has been drawn to 2 max from the global trend, now if the price breaks inside the channel and retests, a sell deal can be opened.
"I'm anticipating a short trend-following trade based on the current daily resistance level. On the 4-hour chart, I've identified a double top trading pattern along with a trendline that previously served as market support. Now, both the double top neckline and the trendline coincide and have broken below. Currently, we are witnessing a retest in our neckline...
Have you seen that major resistance on AUDNZD. After its test, the price formed a double top pattern and was strong rejected. We can anticipate a retracement from the underlined area at least to 1.073 level. ❤️Please, support my work with like, thank you!❤️
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...