General Electric Company Short Term - We look to Buy at 72.25 (stop at 68.61) Posted a Double Bottom formation. This is positive for sentiment and the uptrend has potential to return. A weaker opening is expected to challenge bullish resolve. Support is located at 70.00 and should stem dips to this area. Dip buying offers good risk/reward. Our profit...
The EURGBP price is in Support Line & Bullish Falling Wedge Pattern 🧐 the key level is broken and Retested ✔ so, i predict a bullish move 📈 TARGET: 0.89361 🎯 ... if you agreed with this IDEA, please leave a LIKE, SUBSCRIBE or COMMENT!
I got positions today The stock breaks out of a double bottom setup. This is a small base for a setup, I plan to trade this quick.
Good morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified a new trade setup this morning. As usual, you can read my notes on the chart for my thoughts on this setup. The trade being a XAU/USD (Gold) Buy. Enjoy the day all. Cheers. Jim
We may see a trend reversal in gold soon. Because the price did not have the strength to renew the minimum in September and renewed the maximum. To enter the trade, we can rely on 2 graphic analysis (double bottom and QM pattern)
Chart shows the possibility of the BTCUSD bullish cycle and the targets. BTC tested 2017 peak at 18-20k. This can be attributed to the low volume, as this is typical for testing. If the test is successful, we can hope for a new peak - above 70k. RSI also bottomed out and found long term support. In addition, we also have a double bottom on the chart. As you can...
Gold has formed a double bottom with bullish divergence. We can expect the price to gather bullish momentum and move towards the resistance level 1700. The bullish bias is valid as long as price holds above 1640.
Gold formed a double top on 6 October, if you go further back in my charts you will see I highlighting that. As I have said, the market moves in 3 levels most times. And on the 4hr it has made 3 intraday levels down from last week. If you look at the yellow box support, the price should go back down to test this structure. This is a very dangerous zone, because...
Price action and chart pattern trading setup: > A possible A-wave correction zone at 0.618 fib retracement from previous 5-wave uptrend as well as the head & shoulders target with a bullish divergence RSI indicator in weekly timeframe which is showing a strong reversal signal. > In daily timeframe, the price breakout SMA20 with a small double bottom pattern and...
The GBPCAD price is in Daily Resistance Level & Double TOP Pattern🧐 the neckline is broken & Retested 🔥 so! i predict a bearish move 📉 TARGET: 1.46886 🎯 ... if you agreed with this IDEA, please leave a LIKE, SUBSCRIBE or COMMENT!
• Possible double bottom formation with the first low end of September and second low mid-October • Second low with slightly less volume than the first low • Resistance line at CHF 132.40 which were tested in the last three trading days • MACD crossed the Signal line near the top of the double bottom formation, which is showing a possible trend reversal • If we...
After bad CPI numbers US30 managed to get to 28600 which is previous low. Scenario 1. US30 is currently forming a kind of double bottom or "W" pattern, it will be confirmed as it breaks the neckline which is around 30312-30473. Breaking that zone would confirm that's its double bottom. Target of this pattern is usually the size from bottom to the neckline. which...
Analysis of #AUDUSD The AUDUSD has formed double bottom near 0.6200, we kind of have a head and shoulders pattern developing now, we can be aggressive and enter a buy trade at the second shoulder if we get a reversal pattern at the lower time frame. the other way we can trade this market is to wait until we have a confirmed breakout of the neckline resistance...
Havells made double bottom pattern on broke above previous swing high with good volumes. Could be bought with mentioned stoploss & target.
DXY has left the LAUNCHPAD and is unlikely to return home until its surpassed 160! From the chart we can see that DXY has... - Emerged from the falling wedge with a measured move target of +72, taking us upto 160 OR BEYOND - Has retested the falling wedge trend line and created a double bottom support - DXY has performed these feats before (1980-1985) and is...
The daily time frame seems to be painting a skew double bottom, as price did in the 4hr time frame on the 28 September for the midweek reversal. Price could go up strong from the current zone that its in, or it could come all the way down to test 154.756 to confirm a very big double bottom on the daily to give a strong push up. We are at a critical zone now, so...
RCON has been on my radar ever since its 1000%+ Rally in Late 2020 & into 2021. Recon Technology Ltd. is a technology / hardware company based in China. RCON is pretty much a micro-cap company, but can offer a huge run-up. RCON has gained my attention recently as it has done a few things. 1) Daily Breakout over 9-21 ema clouds (first time since March '22) 2)...
It broke out the downtrend and the neckline. We should look for breakout in the 15M timeframe and set SL at the lowest with trading pattern. TP1: 12.740 TP2: 12.935 TP3: 13.140 ⚠TP4: 13.340⚠ TP5: 14.005