EURUSD is forming a local false breakout. The base of the pattern "double bottom" is the level of 1.049 and we see a breakout (return) of this line. In the near future a correction may be formed after which the local growth will continue. But we should not forget - the global trend is bearish TA on the high timeframe: False breakout of resistance. If the...
Hello traders and welcome! Let's take a look at GBPJPY today. The British Pound Japanese Yen has formed a price action reversal pattern known as a double bottom on its hourly chart. The price has created two bottoms, with the first at 180.817 and the second at 180.899, with a peak at 182.320. We can draw our neckline breakout. Now, our trade setup is about to...
Finially it broke out the down trend from the previous high (3.2893) SL:1.2326 TP1: 1.8260 If the price stand firm 1.8260 and double bottom will be comfirm TP2 : 2.0834 TP3 : 2.1875 TP4 :2.2992 TP5 : 2.4108 TP6 : 2.7723
The share is making a comeback. Showing some strength after long downtrend. I would accumulate slowly waiting upto a clear confirmation from neckline break in the charts. and most importantly a Golden crossover has already formed. Target price is Rs.200 anytime during the year 2024. Note: Trade with caution! Do not trade solely based on my strategies, these are...
Apparently a huge double bottom is forming. I don't have any positions yet, I'm waiting for a pull back to the 0.67 support and then a rejection of that support. It could take a couple or more weeks in the mean time is in my watchlist.
Price is attempting to break the 42 level resistance, I has tried before but was rejected. Last week was rejected again but is pushing up right away. XOM already broke up and oil is very strong.
USDCHF has formed a price action reversal pattern double bottom on its hourly chart. The price is trading near the neck line breakout 0.87005 Break above 0.87005 Targets: 100% AB: 0.88494 150% AB: 0.89245
Yesterday, I made a trade with BINANCE:MKRUSDT because of the pattern and long confirmation and for this trade, two take profit areas are set ( Refer to the fib lines ) along with protective stop loss for each take profit hit areas for net profit security. I didn't have an image of my win rate on Binance, but I will provide you the next time :) I ended the...
Hello Everyone 🙋🏽♂️ As we could see at the end of the descending channel, we had Double bottom and the most recommended movement after the This move is a ascending trend, so we had two scenarios her as we could se on the chart, 1️⃣ first one is the ascending trend which is the most common move to this pattern after testing the price 1.43900 2️⃣the second one...
Yesterday, I published this double bottom pattern of MKR as I'm in the wait-and-see mode for a possible scenario - 1) a breakout or 2) a price rejection. The coin had a breakout on its neckline, thus lead to the activation of the bullish pattern as it nearly approaches our target profit area, I also put a protective stop loss, thanks to the .618 fib area to...
👋 Hello Traders! Welcome to today's analysis. Having monitored this pair for several months and successfully entering a long position above EL: 0.65435, it's time to provide a fresh update on the current state of the pair. CADCHF showcases a clear Double Bottom pattern. This formation can be traced back to the high on May 22. It's significant to note that...
Double bottom forming on Eur usd if we break the 1st target we can look to the second target for a nice long.
CADCHF has formed a price action reversal pattern double bottom on its daily chart. The price is trading the long entry level EL: 0.65644. ST: 0.64798 Targets: 100% AB: 0.71896 150% AB: 0.73651
It's time to BUY VOLTAS. Wait for the weekly close above 913. Immediate targets will be 1051 (15% upside) and 1317 (44% upside). within 4-6 months you can gain up to 44%. All of my given trades have been 100% successful. Don't you believe it? Check my all published charts! Please comment if you have any queries.
Targeting imbalance. Liquidity swept double bottom. Lines up with my fib retracement tool as well. Will be taking partials at first target 0.80591
Hi traders, We've had great successes trading crude oil over the past two years. We sent an analysis to short USOIL 9 months ago and it met most of our targets. What we see is that this commodity rejected on the neckline of our double bottom confirming that our double bottom is now complete. We will now take long positions to take profit at these prices: TP1 ...
Volatile EV stock showing signs of a Wyckoff Accumulation or Diamond Pattern. Would like for it to hold $0.5 or move towards the Spring area to then follow the Yellow paths.
Coursera develops online education and learning platform designed to offer online courses, certifications and degrees. It stands as 2nd in the IBD Industry Group Rank with a 93 relative strength rating, this means leadership. Is also good to see that the ratio against NASDAQ:EDUT ; the industry bechmark, already broke out to new highs. If it can breakout above...