• 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
Clear bullish set up that is shaping right now after having completed a bottoming pattern that is suggesting a 1.8 R/R. Note that volume spiked after the breakout, suggesting more upside could develop if 78,6 fib holds.
holding on by a thread here, but fighting off 2x ppi expectations here. fomc minutes this afternoon. cpi tomorrow. if it can hold this low through the release of all those metrics, think we should see some nice bullish momentum the rest of the month. uptober ain't dead yet.
QIUSDT has just touched its all time low for the 2nd time, setting us up with a potential double bottom. If Bitcoin holds steady and QIUSDT can hold support at 850 - 860 sats we could see a decent bounce from here.
GBPUSD on its daily chart reversed on the Key Resistance level. Counter-Trend traders could wait for a 3-bar reversal on the dotted blue line. However, that is NOT good enough for me. I will need to see a Double Bottom with an RSI Divergence before I'm interested to engage in the trade. What is the condition you need for you to get on a counter-trend trading...
If you had read my overall analysis(check out the Related Ideas within TradingView) on EURUSD, you might get a bit confused with this analysis. How could we look for a buying opportunity where the overall trend is bearish? In fact, we can, there are ebbs and flows of the market, so within the bearish trend, there are bullish movements within; what is important is...
-Overall the DXY appears bullish, so I'm looking to buy USD pairs -On the Daily TF price ended in a reversal candlestick after a bullish push -Expecting price to make a retracement that would ultimately test the neckline of the previous double bottom - A retest to this area would possibly complete the right shoulder of an inverse head and shoulder candlestick...
Chart show's the possibility of the Double bottom Pattern and the targets.
Close to break 52 week high Good volume Bullish momentum Can go long if breaks current 52 week high *Not recommendation
Nice double bottom set up here for a bounce. Longing in this range.
GJ forming possible a double bottom at strong support for the new york reversal, and possible buys to the next zone, for a bullish continuation.