Gold Retests the support Flag and Rounding top as described on the chart.
Amazon bounced off of support, after falling quickly at a steep Angle of Descent™, and the bounce has not reversed the trend. Support is weaker due to candlestick formations.
Salesforce.com formed a Rounding Top that broke to the downside. However, it did not complete the Rounding Top Formation yet, as it bounced strongly off of previous monthly highs.
SEE has one of the harder tops to identify before the collapse called a Sheer Cliff. The rounding price action occurs because larger lots are carefully selling into rising prices. The Sheer Cliff occurs when buyers disappear. The stock is holding at the gap up support level.
Hey, I am back with another Trading Idea. This Time Looking at Token on Binance with low market cap and nice volume. Storm had one 340% crazy breakout in past, this time Storm looks again bullish and ready to run! Okay, we have 2 possible breakouts patterns, first one is Rounding bottom the another one is called Cup and Handle, both of them leading to breakout....
GLD is on its way to go down soon; the price struggle to go higher and the RSI is decreasing. We also have a rounded top forming. I will be buying GLD April 20 123 Puts. If it bounce back to 124.50 after the first drop, I will double my position. The longer trend shows support @ 119, but I will close @ 120. Cheers,
When look at weekly chart short trade looks even more possible. I marked important GAP's on the chart. I marked in circle place where GAP acted nicely as the support/Resistance area. Last three highest highs are creating rounded top which is another signal for sell in my opinion. Pair is strongly rejected after it touches GAP on weekly chart marked. Blue GAP is...
This is a very neat chart. We have clear levels to watch and play off. If the Rounding Top confirms this is going to be a long-term Short play.
1. Types of Trends 2. Harmonic Pattern 3. Rounding Top 4. Down Trend 5. AB=CD Pattern FX:XAUUSD FX_IDC:XAUUSD OANDA:XAUUSD COMEX:GC1!
Possible long term short rally .looking at the long term investment picture which is the weekly time frame the pair has created a breaish flag pattern which is a (BEARISH TCP).on my opinion bears are in control till setup is invalidated,trade with care
Bearish rounding top expecting a breakout on the down side
FUNDAMENTALLY COMPELLING BUY rated by the consensus +47% average target upside Morningstar rating * * * * TECHNICALLY: COULD BE REBOUNDING SOON? GG is down 35% since the intermediate top above $20 reached in early July This is 2.5X more than the consolidation in Gold (-13.74% since July) Such negative performance has brought a spike in volatility The stock has...
A BEAUTIFUL ROUNDING TOP FOR MR. TRUMP Index seemingly forming a nice, even rounded top (a reversal formation) What I particularly like about this one: It's nice and even It has been building for quite some time (4 months) It is built around a fresh historical high (this makes it more relevant) It completed yesterday a few points off the critical MA200...
Rounding top formation is developing for S&P 500. Even if a bullish Bat is nearly complete, given the recent strong momentum to the downside I would rather prefer to wait for a retracement to a significat structure level and get involved short. If price break below the rounding top neckline we may see the beginning of bear market.