PRICE HAS STRUGGLED TO BREAK THIS KEY RESISTANCE WHICH IS NOT A SURPRISE BECAUSE PRICE HAS ALWAYS STRUGGLED AT THIS LEVEL IN THIS PAIR DATING BACK TO 2008. A TRIPLE TOP FORMATION ON THE 1 HOUR CHART SHOWS BEARS ARE DEFENDING THIS LEVEL. WE HAVE RBNZ STATEMENT COMING OUT IN A COUPLE MINUETS SO I WILL WAIT TO SEE IF THEY ARE DOVISH. THERE'S A GOOD PROBABILITY THE...
Just broke this pair down in my Live Trading Room. After looking at the LLLC of the triple top highs, our traders were gearing up for a potential 2618/Kiss of Death trading opportunity. As we dug a little deeper into things we noticed that if we got the retracement back into previous structure then that 2618/KOD would be bet with a bearish bat which could be used...
There is noticeable difference between a BITFINEX and a BITSTAMP 4h chart. Bitfinex: triple top is flat wave 1 does not overlap wave 4 (blending the 2 exchanges price does not overlap therefore, I consider this a valid 5 wave count) see user chessnut's 4h BITSTAMP chart linked in related ideas below Divergences on RSI and Stochastic suggests the bullish...
3 SIGNAL FOR SELL THAT IN CHART EXPLAINED. PLEAS READ TILL UNDERESTAND. THANK YOU.
#NFLX #NETFLIX Short Idea (Head & Shoulders/Triple Top) Do you own analysis but I hope this give you some useful ideas, don't forget to hit the like button :) Thanks
This is a setup idea for a short at 476. There's a lot of swing in this one. As always, look at the larger time frame. We're triple-topping on the monthly (and that can be seen on this chart, too). Price is up from around $90 two years ago — is NFLX is really worth five times what it was February 2013? The upper level is 476. If it gets to that level, go short....
$TEVA is coming strong into a resistance zone just before its earnings. Triple top and a re-test of broken uptrend line will stand in its way and may be a good reason to try and short it. Bulls? Breakout? Wait to confirm before you enter. Notice volume.
Been short the USDCAD for a while now as the pair can only make higher lows since rejection at 1.1385. Triple top with the third created by a quick pop in the dollar index, but price action sputtered out in overbought territory on the RSI. I tried to post sooner but price action just collapsed quicker than I could post. Looking for 1.1150 by end of the week,...
Just spotted a possible triple top pattern on the USD/CAD chart, I'm still a TA noob so don't rely on any of my charts, but please do give me some feedback. :D
If price breaks the level of support - target price is 1.015
Scenario #1 (bearish AUD) If AUDUSD forms a triple top formation, this is a bearish reversal signal. Short AUDUSD 0.9450 SL 0.9500 TP 0,9200
Short if it fails to break 665 once again with a reversal below 650, long if it goes above 665 for more than 4 hours. www.forex-tribe.com
After making a triple top PA dropped to new low and ret. to lower high. Expected bearish behavior towards the channel median line. Longer-term view bearish till 674 (88.6 fib ret.)