SHORT IOC:- 1) SITTING AT STRONG RESISTANCE 2) DOUBLE TOP FORMATION AT 15 M TIME FRAME. 3) GOOD RISK REWARD RATIO. 4)DECREASE IN VOLUME AT SECOND TOP. 5) RSI DIVERGENCE (15MIN.) TAKE CONFIRMATION OF PATTERN WHEN IT BREAKS 102.70 (SHORT).
Full detailed analysis : As we can see price had successful breakout to downside and broke strong support of trendline and more fall is expected after retest this Breakout . Two charts shared and the that is the reason of our Title too 1.first chart: we can see major double top that is forming and we may have huge correction after breaking neckline support...
Technical Analysis: The price posted a double bottom at the end of the correction and around the 50% Fibonacci retracement level. Now, it is trading above the neckline of this pattern where we believe it will get stuck there and then a rally all the way up to the target...
Hey traders, Here is an update for my previous post on EURNZD. Earlier the pair has violated a strong daily key level to the downside. I was looking for the confirmation to short it and finally, it looks like it is found. The pair has found a local resistance on 4H and set equal highs, forming a double top formation. 1.6675 is its neckline. I am waiting for...
CMCSA formed a double top and it started to reverse, looking at the 4H for potential entry and targets.
GOLD COMEX FORMING A DOUBLE BOTTOM PATTERN AND BREAK OUT OF A TREND LINE UPSIDE GIVES A BULLISH DIRECTION WHCH INDICATES A TARGET OF 1961
Buy at green line and sell at red or orange line
DOGEUSDT In the previous analysis, I said that if the level of 1.618 is broken, it will fall We see a lot, but now I want to say to buy after failure The neckline to the previous ceiling of this currency is a good place to enter
M1 : Still, for the time being in an ongoing uptrend channel.. but long black candle in progress should be seen as a first warning signal of a trend reversal in progress which should of course be confirmed on M1 closing at the end of May. W1 : Under the influence on a major double top formation in progress with its trigger level @ 12'207; if activated target is @...
After the sharp fall of the US dollor and the pressure of sellers, we must see a correction in the market, so due to the formation of the DOUBLE TOP pattern, the fall in the above currency pair is not far from expectation.
Follow the green arrow. As we can see, we have a double bottom W pattern in place which proves a buy opportunity for the market to go long. Therefore I expect price to fall to $0.41 - $0.42 first, break the blue trendline, then go long to $0.69 first before hitting other take profits. What do you think? Share your opinion in the comment section✍️ Please support...
Once again, we are here. This is the 100 EMA on weekly chart.
short reasons:- 1 double top 2 rsi divergence 3 decrease in vol. of 2nd top. 4 resistance area(1hr chart)
who doesnt love a double bottom... well here we goooo.. near term targets of 65000 & 70500 are coming at us..
New listing just announced @ Uphold, potential contract with NASA, a bullish W (a mini-double bottom) could be taking shape here. Completion of this W woud likely flip resistance back to support (green box/area). This would be occurring at the end of a bull flag on BTC pairing daily chart: BTC chart idea linked below, as well as an alternate theory for the...
GBPUSD on the daily chart after the perfect double bottom broke the descending channel with an impulse and retraced until the 0.618 Fibonacci level. According to Plancton's strategy if the price will break above we can set a nice long order. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵...