Hey traders, here's another setup I will be watching this week. I will wait until tomorrow morning to see how this plays out, just to make sure price isn't going to break down any further. We have divergence on the MACD indicator, as well as a triple bottom. I could definitely see price breaking down lower, but I am going to assume that price will take the path of...
Apple stock has produced a triple bottom pattern or maybe even a cup with handle, this is backed by there being some form of flag/handle, this means BUY when it breaks resistance which it has. This is backed by the COPP curve being in positive, showing a increase in trend. But if the earnings report is bad then I recommend selling immediately as it would...
Hello guys, Today I have a VERY interesting bullish opportunity for you guys on the USDJPY 1H. We currently have a triple bottom lined up with previous structure AND a cypher pattern completion at that same level. So I am using the cypher formation to justify my entry into a bullish trend, otherwise I would have requested an additional signal. I will not be...
Triple bottom formed on 4 hour / daily time frame. Price broke out of resistance for this formation. I think a retest of 1.4288 area, then back up - overall movement to area around resistance trendline.
As everyone well knows, AUDUSD finally reversed as I have been predicting for several weeks as price was barely moving at the top of the uptrend (4h/daily) AUD weakness against the USD may indicate further strength of EURAUD. I spotted what may be a triple bottom setup, and price has broken the resistance of the structure. Still trying to find a good entry...
Chart shows impending PARSAR flip, also triple support confirmation from last run, squeezing bollis, also news catalysts , Skull and Bones removal and audited fins, company has been active lately.
I believe a triple bottom is forming on this pair, with each bottom being a higher low, indicating the end of bearish pressure and momentum. (Note: the higher lows are indicative of an emerging bullish pressure due to sellers being unable to push price down below the last low) Triple top and bottoms are known as reversal formations, when the market is getting...
Triple Bottom and closed the week with a bullish harami confirmed on the weekly chart. Triple bottom on the daily chart as well. Happy New Years!
Bull markets are born on pessimism, grow on skepticism, mature on optimism, and die on euphoria. The time of maximum pessimism is the best time to buy! Ethereum Classic is giving off many signals that trend is shortly reversing. The pattern is clear to see, there is a triple bottom forming, the price has been fiercely defended at the current levels, on the...
I am BULLISH on Daily for UJ. Here's why: 1. 3 bottoms (circled in green) suggests price was unable to find lower ground 3 times, making the support a sturdy one. 2. It has already cleared R1 level at 104.317. Unless something out of the blue happens, I don't see why it shouldn't hit R2 at 107.442 area since there's nothing in its way on the chart.
We are going long GBP for this pair. There is clear divergence on the daily chart and weekly indicated with the white lines.Our stochastic's look good for a long as well. As well we have big support here with the triple bottom. The price has been tested 3 times and is holding. More to see on the weekly Entry 1.7726 with the target being around 1.89
Hello traders, I am always on the lookout for ranging markets. If we have triple bottoms formation then thats a good way to go long. The risk on buying that support is next to nothing. If that never happens then you could buy on the breakout of resistance straight away and set your target on the next resistance. Trade safe, trade well
Another simple setup but superb one. We have triple retests around 1330's in XAUUSD, I have initiated long positions based on 3 reasons, 1) Three time price retested this zone 1330 in XAUUSD 2) Hammer with Bullish confirmation close 3) Risk-Reward is good For this particular trade setup,pls check ur trade plan and check whether it suits you before entering...
ONTX Triple Bottom with increasing volume. I'm looking to be moderately conservative on this buy; the 38.2% Fibonacci level will act as a nice price target for this bullish play. Viewing this chart, one can see that ONTX has been unable to sustain its gains above the 50% fibline, so you may be able to sell at that point, but as a low float stock anything can...
Here we are looking into a potenital triple bottom on USOIL with RSI indicating an oversold market strong supportive level being met at around the $46 mark, i would like to see this level hold and a reversal up over the trend line drawn with the first target at $49.6 and second target around the $51 resistance level
Here on the AUDCAD we´ve been on a downtrend for a while, we´ve come to a structure support area were we have made a double top so far that have hold up the price. Right now we have formed a Bat formation at structure looking to make a potential triple top then push price up to our target, before price will eventually continue the trend. our PRZ levet are...
Price has formed a triple bottom pattern meanwhile we have a MACD bullish divergence. We should watch for a buy setup at this level.