On October 2022 the pair broke out a massive double bottom. After that it consolidated for months to break out again. And now it came back to a important support zone. I think that double bottom still active and there is more gas in the tank. Great opportunity to pick it up here. It may consolidate a few more days to shoot up again, I don't know but I'm already...
Hello Traders ! On 4H Time Frame, The NZDCHF Price Reached a Support Level (0.51902 - 0.52084) Currently, The Price Formed a Double Bottom Pattern. The Neckline is Broken. So, I Expect a Bullish Move📈 i'm waiting for retest... ----------- TARGET: 0.53330🎯 ___________ if you agree with this IDEA, please leave a LIKE, SUBSCRIBE or COMMENT!
Hello Traders ! On Friday 20 October, The NZDCAD Price Reached a Support Level (0.79808 - 0.79418) Currently, The Price Formed a Double Bottom Pattern. The Neckline is Broken. So, I Expect a Bullish Move📈 i'm waiting for retest... ----------- TARGET: 0.81100🎯
A nice and simple bullish structure opportunity here on the GBPJPY as price comes back to retest a recent level of structure support. If you have any questions or comments about the idea, or if you just want to share your own views, please leave it in the comment section below. Akil
The Unemployment Rate looks like it's getting ready to spike higher as it Double Bottoms at the 0.786 and cracks above the 21SMA. If this plays out, it will likely spike to the highs or even make a new higher high. During all of this, I expect the macroeconomic data charts below to also play out: Consumer Credit Balances: The Mortgage ETF: US Interest...
Despite a setback in UK Retail Sales last Friday, where September's retailers' receipts fell by -0.9% against the expected -0.1%, the Pound Sterling is finding its footing amidst a weakening US Dollar (USD). As it finds demand around the $1.21000 area; the GBPUSD pair is capitalizing on the current market conditions, aiming to secure gains in the face of global...
NZDCAD was trading under declining trendline and recently it seems like the sellers are bit exhausted then bulls took the charge and break through declining trendline. Currently the price has given the breakout from falling trendline and now forming a local support around 0.5180 region. Will the bulls take charge again continue for leg higher?
NSE:ITDCEM is making double bottom. Trade should only be taken after completion of pattern that after closing of candle above neckline.
price pushed up with good volumes and bulls are very strong bears lost ground at 31k.. with all the positive news coming its going to jump till 40k at least if bullishness continues. i recommend to open long positions in a systematic manner so that u can catch any small falls..
A comprehensive analysis of CRYPTOCAP:DYDX , presently valued at $2.36 as of the current writing, unveils a series of significant patterns and indicators. Most notably, an intricate Triple + Double bottom formation has materialized, complemented by a consistent series of ascending peaks and troughs in the Relative Strength Index (RSI). This steadfast progression...
Déjà Vu: A Tale of Double Bottom Resonance Neo, much like Bitcoin and other digital assets, knows how to repeat history. In 2020, it showcased a double bottom pattern, and its evolution bears a striking resemblance to what we are witnessing today. The Setup: An Intricate Dance of Market Forces A double bottom pattern is no mere coincidence; it often involves...
NSE:BAJFINANCE possibility of pattern success is high as the right bottom is higher than the left one and there is an RSI divergence on monthly charts. Disc - invested, for educational purposes only
hi everyone! it seems as the breakthrough became stubborn at an earlier date, however a week has gone by and it seems after a period of a downtrend we have came to a double bottom which can indicate a reversal. I suppose now after a retracement coming back to the %50 fib area can we look further ahead? let me know your thoughts.
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🚨 Attention traders, we've got an exciting chart setup on ARB! A 2-day double bottom pattern is forming, with a descending triangle on the horizon. It's time to craft a trading plan for potential breakouts. Chart Analysis: Pair: ARB Timeframe: 2-Day Key Observations: Double Bottom: The ARB chart shows a clear double bottom pattern, indicating a potential...
Okay,I know we all been watching the steady downtrend of EURONEXT:ALGO for a very long time but hear me out, I think its finally time it starts to pop off. Monthly has reached a strong support zone. Multiple candles rejecting. Higher time frames showing clear rejections where price has finally made the same low. Double bottom formation. For ideal traders, I will...
We can see that price action is reaching the apex of the white wedge/pennant and that the orange 50ma has now entered the pennant. Looking at where the stoch rsi currently is, odds are good that price can maintain support on the 50ma and that it could help lift or bounce price up out of the pennant and send it heading towards the breakout target. I have only...
The week concluded with crude prices surging by a staggering 7%, leaving investors on edge as the Middle East crisis intensified. Israel's announcement of a ground assault on Gaza propelled the region into a new phase of heightened tensions, further fueling market uncertainty. As we look ahead to the coming week, two pivotal factors will shape the direction of oil...