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Double Bottom

$BTC Correction : Watch for Double Bottom or Deeper Drop to 88kBitcoin faced a clear rejection around the 116,500 zone, marking a fresh lower high and confirming that a corrective phase is in play. At this stage, price action suggests a potential formation of a double bottom or a wick recovery setup — with nearly 70% of the wick zone likely to be filled as liquidity gets tapped. In the bullish case, a rebound from the current structure could fuel an upside move once the lower support holds. However, if BTC loses the 98,000 support, it opens the door for a deeper correction toward the 88,000–90,000 range. For now, short trades remain more favorable until we get a confirmed double-bottom or clear reversal signal. Once the market structure shifts and liquidity from the lower zones gets cleared, long setups can be reconsidered. Let’s see how Bitcoin reacts around these levels — the next few candles will define whether the correction deepens or reverses. #Bitcoin #BTCAnalysis
BINANCE:BTCUSD.PShort
by crypto_vulture_signals
AES Springs Out of Double BottomAES has been showing a constructive setup on the charts, and the latest move looks like a clear signal from the bulls. Recently, the stock broke out of a Double Bottom pattern , which is widely considered a bullish reversal structure. This pattern often marks the end of a downtrend and the start of a potential uptrend, especially when supported by volume and clear support levels. Adding to the strength of this breakout, AES took support from a strong support zone in the range of 12.24–12.5 . This area has acted as a solid base where buyers consistently stepped in, preventing further downside. The fact that the stock respected this zone before bouncing gives extra conviction that the downside is well protected in the near term. Now, with the breakout confirmed and buyers back in control, the next logical upside level comes in at 13.33 . This acts as the immediate price target based on the pattern’s projection and prior resistance levels. If AES continues to hold above the breakout area, momentum could carry it higher in the short term, attracting more participants who missed the initial move. On the flip side, a sustained break back below the 12.24 zone would weaken this bullish setup. Overall, the technical confluence of a Double Bottom breakout , strong support zone confirmation , and a clear price target of 13.33 makes AES an attractive setup to watch in the coming sessions.
NYSE:AESLong
by peace_lover
EURUSD BTMM Analysis – Potential Reversal SetupOn the 1-hour chart, EURUSD continues to follow a clear downward trend, with price forming multiple lower highs and lower lows across the week. Currently, the pair is trading near a potential reversal zone, where market makers may begin accumulation before a shift in direction. The MAs remain bearish, but early signs of exhaustion are visible as momentum slows near 1.1550 support. If price forms a clear structure shift (SOC) or stop-hunt low, the setup could confirm a Day 1 reversal leading into a bullish retracement or a new cycle phase. Bias: Preparing for possible bullish reversal Confirmation: Structure break and hold above intraday highs Invalidation: Sustained breakdown below 1.1530
Long
by BeaucoupPips
5
Xau/Usd - Double Bottom Breakout & Bullish Reversal Support Zone: Price tested a key support level (gray area) twice, forming a classic Double Bottom pattern. CHoCH (Change of Character): After the second bottom, price broke above the previous minor high, signaling a potential reversal from bearish to bullish. Volume Confirmation: Increased buying volume at the second bottom supports bullish momentum. Trade Plan: Entry Point: Marked at 4,037.260 after confirmation of CHoCH and bullish candle close above neckline. Target: Aiming for the Weak High area (prior resistance level). Risk Management: Stop Loss: Below the second bottom and support zone (approx. < 4,000 level). Risk-Reward: Minimum 1:2 to weak high. Bullish Bias Justification: Double Bottom pattern indicates accumulation. CHoCH confirms early trend reversal. Break of Structure (BOS) aligns with bullish continuation. Clear breakout from bearish trendline adds confluence.
OANDA:XAUUSDLong
by Hamza_Gold
DUOL - NOT FOR TREND-FOLLOWING TRADERS DUOL - CURRENT PRICE : 271.28 Duolingo, Inc. (DUOL) is in a downtrend since 14 May 2025. The stock has recently tested the support level near USD 263, which coincides with a previous demand zone. This bounce from support highlights buying pressure, indicating the likelihood of a short-term reversal. The Relative Strength Index (RSI) has moved near 30 level, signaling that the stock is in oversold territory. Oversold conditions often precede a technical rebound as selling pressure eases. The confluence of oversold momentum and price stabilization at support suggests a possible bounce play. If buying volume increases, the stock could recover toward USD 297 – 325, its next resistance zone. ENTRY PRICE : 271.00 - 272.00 TARGET : 297.00 and 325.00 SUPPORT : 260.00 (CUTLOSS below 260.00 on closing basis) Notes : As the dominant trend is clearly bearish (downtrend) since 14 May 2025, this setup is not for trend-following traders.
NASDAQ:DUOLLong
by IMRAN_96
2
Cognex (CGNX) – Downtrend Breakout + Double Bottom ConfirmationOn the Weekly timeframe , NASDAQ:CGNX is showing strong bullish technical signals: The long-term downtrend line has been broken both on body and shadow, confirmed with high volume . The last weekly candle is forming near a retest, while on the Daily chart, a strong bullish candle confirms buyers stepping in. A clear Double Bottom pattern has formed, with the neckline overlapping the downtrend line, providing stronger confirmation. Price is trading above EMA50 & EMA100 , with EMA50 attempting a bullish cross over EMA100. The stock has also broken through local resistance , opening the way for higher targets. MACD is bullish, showing positive momentum. RSI is already inside the overbought zone. However, since no divergence is present, this could still support bullish continuation, though short-term pullbacks are possible. Key Levels: If the breakout and retest confirm, the first target is the nearby resistance zone. A further move towards the next resistance level (~$72–73) is possible if momentum sustains. Important Note: This analysis is not a buy/sell signal , but rather an educational outlook. While technicals are bullish, traders should remain cautious as RSI is in the overbought zone, where short-term corrections are common. (For educational purposes only, not financial advice.)
NASDAQ:CGNXLong
by Binhuseyn
Adobe (ADBE) – Double Bottom + EMA50 Breakout PotentialOn the Daily timeframe, NASDAQ:ADBE is showing early signs of strength: A Double Bottom pattern has formed, often seen as a bullish reversal signal. RSI divergence was present at the pattern lows, and RSI has broken above its trendline, suggesting momentum shift. Price closed above the EMA50 , an important technical milestone. MACD is in positive territory, supporting a potential continuation upward. Volume has not spiked dramatically, but it is gradually increasing compared to recent history. Key Levels: If the downtrend resistance line is broken and price retests neckline/downtrend area successfully, the pattern projects a move at least towards the next local resistance zone. Confirmation is crucial: a breakout without retest can be a false signal. Important Note: This analysis is not a buy/sell signal. It highlights potential upside if key technical levels are broken and confirmed. Patience for breakout + retest may provide a clearer setup. (For educational purposes only, not financial advice.)
NASDAQ:ADBELong
by Binhuseyn
Adobe (ADBE) — Daily — Double BottomSetup Pattern: Double bottom on the daily chart with two clear lows and a visible neckline. Timeframe: Daily Measuring rule (target) Measure the vertical distance from the bottoms to the neckline and add it to the breakout point. Using this method the measured target equals +$24.38 per share from the breakout. Entry & trigger - Enter long on a confirmed close above the neckline (daily close above neckline). - If you prefer an earlier entry, a volume-backed intraday break above the neckline can be used, but prefer a daily close for confirmation. Stop loss - Place stop loss just below the recent low (the second bottom). Use a few cents/pips buffer below that low to avoid noise. Position sizing & risk - Risk per share = entry price − stop loss price. - With the stop placed just below the recent low, risk per share is small and gives a risk/reward ratio ≈ 1.02 . Given the measured target of +$24.38, ensure your entry and stop sizing produce the stated R:R — example calculations below. Notes & trade management - Prefer a daily close above the neckline with increased volume for higher probability. - If price returns to retest the neckline, consider adding only if support holds and risk remains acceptable. - Trail stop to breakeven after a significant portion of the measured move is achieved (for example, after +50% of the $24.38 move).
NASDAQ:ADBE
by dPEngineering
$USDT Dominance Bullish Divergence Signals RotationUSDT dominance is flashing a clean bullish divergence while MACD builds a tidy double-bottom structure. When the USDT share of the market starts climbing, it usually means traders are rotating into cash for safety. That often lines up with softer BTC momentum and underperformance across altcoins. What I’m watching: Momentum: bullish divergence suggests buyers are defending the recent higher low on dominance. MACD: a double bottom with a fresh uptick strengthens the case for a push higher. Market knock-on: a rising USDT dominance tends to pressure BTC first, then bleeds into ALT/BTC pairs. How I’m planning it: If dominance breaks above the recent swing high with expanding momentum, I’ll trim risk on alts, favor BTC over high-beta names, and wait for cleaner entries after a reset. If dominance stalls at resistance and rolls over, that’s my cue for a short-term risk-on bounce, with attention on strong ALT/BTC setups. Alerts: prior swing high on dominance, MACD signal cross, and any bearish divergence that hints at a rollover. Invalidation: A daily close back below the most recent higher low on dominance plus a MACD roll-down would weaken the thesis and point to a relief phase for alts. TL;DR: USDT dominance looks ready to push higher on bullish divergence and a MACD double bottom. Historically, that leans risk-off for BTC and alts until dominance cools off again.
CRYPTOCAP:USDT.DLong
by crypto_vulture_signals
1
Double Bottom Reversal likely for GBPAUDPrice has been moving in a clear downtrend inside a descending channel. After this recent fall, notice how price seems to have formed a double bottom. This particular pattern often shows up after a big decline like so. The neckline, is a key level to watch now, and price is starting to break above it. A strong breakout candle can confirm this pattern, but the safer play is to wait for price to come back and retest the neckline. If the old resistance now holds as support, that’s the ideal spot to join the move. The projected target comes from measuring the height of the double bottom and adding it to the neckline. In this case, the upside target points towards the 2.0539. A stop loss can be placed either below the neckline after retest, or more conservatively below the second bottom. The one-hour double bottom can be reliable too, but its reliability is more dependent on volatility, unexpected events, and overall market conditions. For now, if the neckline holds on a retest, and shows good rejection, there's a high probability price will be pushing higher.
Long
by TrendDiva
13
ITC at strong support zone. A good opportunity for accumulation.ITC Chart Update (Weekly & 4H Timeframe) On the weekly chart, ITC is moving within a well-defined parallel channel, with immediate support in the 385–400 zone. A breakdown below this zone could take the stock towards the next strong support near 300. On the 4-hour chart, ITC is forming a falling channel, with support also placed around the 390–400 zone. If this level holds, we may witness a potential upside move in ITC. Conclusion: The 390–400 zone will play a decisive role. Sustaining above it may trigger an upward move, while a breakdown could extend weakness towards lower levels.
NSE:ITCLong
by FiveCircles
EURUSD Breakdown or Double Bottom? Catalysts at Jackson Hole!EURUSD has broken below the key 1.16 support ahead of the Jackson Hole Symposium, raising the stakes for both bulls and bears as markets become more aware of the likelihood of a hawkish stance. But will it be the case? Let's see what the possible scenarios are at play. Bearish Catalysts : Hawkish Fed Signals: Recent FOMC minutes and a potential hawkish tone from Chair Powell could push EURUSD lower. Rate cut odds for December have dropped sharply, and further Fed focus on inflation may accelerate downside. Technical Breakdown: The loss of 1.16 opens the door to 1.1530, 1.1460, and possibly 1.14. No clear bullish divergence on RSI suggests more downside risk. Geopolitical Risks: Uncertainty around the Ukraine ceasefire could weigh further on the euro. Bullish Catalysts : Oversold Conditions: EURUSD is approaching oversold territory, with a potential double bottom forming near 1.1530/1.1460. Dovish Surprise: If Powell signals concerns over the labour market or hints at a pause, a short-covering rally could target 1.16 and above. ECB Commentary: Any unexpected hawkishness from ECB President Lagarde could support the euro. Key Levels to Watch : Support: 1.1530, 1.1460, 1.1400 Resistance: 1.1600, 1.1660 Trading Plan : Volatility is likely post-symposium. Bears may look for breakdowns and rallies to resistance for entries, while bulls might watch for reversal signals at key supports if the Fed surprises dovishly. This content is not directed to residents of the EU or UK. Any opinions, news, research, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. ThinkMarkets will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
Short
by ThinkMarkets
3
BANDUSD attempting an invh&s + double bottom breakoutBAND has been available for a significant iscount lately but the sale may be ending soon as it is now attempting both an inverse head & shoulders breakout, as well as sending wicks above the neckline of a slightly larger double bottom pattern. The double bottom pattern is in chartreuse and the inverse head and shoulder pattern is in lilac. We can also see BAND looks lke it’s about to have a golden cros in the next week or 2 which should increase probability to confirm the breakout of these two bullish patterns as it will add bullish confluence as long as prce action isn’t two high above the 30&200 moving averages at the time of the golden cross *not financial advice*
COINBASE:BANDUSD
by DrDovetail