Hourly chart, forming a W for the time coming off the 30k level. (a) We have hourly W top test into lows from January resistance, having just broke it 2 days ago as support. (b) Break down on hourly and retest trendline double low, break that and we are headed for MAJOR WEEKLY technical level. (c) W plays out and breaks out above January lows, likely if it...
We have a Clear Double Bottom Visible on the Weekly and Lots of Bullish Divergence and Little Resistance above
Buying here in anticipation of a Potential Bullish Shark Confirmation Low.
Nifty forming Double Top Pattern in 15 Minutes Time Frame. Neckline also broken on downside. It should be a good entry once the Nifty 15 Mins candle breaks below 16230 in down side. target should be 170 in downside.
WTICOUD has formed a double bottom on its hourly chart. The price is trading above the EL 103.269 with possible targets TP1 107.494 TP2 109.367
the GBPUSD price is in weekly support level & falling wedge pattern . i predict a bullish move 📈 i'm waiting for breakout and retest in the key level (buy confirmation) TARGET: 1.26750 🎯 if you agreed with this IDEA, please leave a LIKE, SUBSCRIBE or COMMENT!
Hello everyone As you can see after a good rally, now we have a divergence on our chart and a possible double bottom pattern. This obviusly does not need my explanation at all. For now, we have the support line of 1.23$ and the resistance level of 1.25$ which the price might see by the end of the week. Keep this in mind, never try to find tops and bottoms of a...
Hello everyone The last weekly bar closed with a long shadow at the bottom.This shows less selling pressure and maybe a reversal may occur on XAUUSD ,which will give us two possible outcome; 1 - A bounce from our support level of 1850$ which may turn into a possible bull trend and that may happen in 2-3 days (a simple down trend on lower time frames). 2 -...
GBPUSD has hit the Weekly Chart's demand zone. You can wait for a double bottom with RSI Divergence for a buying opportunity. I would put the first target at 1.2482, that's the price I'll shift stops to entry. I might stretch Target2 to the Bearish Shark Pattern on the 1hourly chart.
Despite the popular perspective that the Pound might be extending its downturn, we can not ignore the possibility of a bullish momentum considering the double rejection of the 1.72 area in the space of 3 weeks by the buyers. So, in this video, I explained in detail what our expectations could be going into the new week. Risk Disclaimer: Margin trading in the...
Hello everyone With the spike in the price from couple of days ago on AVAXUSDT, we may have a bounce from the previous bear trend line.this setup also created, a double bottom, a divergence in RSI and the ABC pattern.With all that said , the price is still in a bear channel and a breakout is needed. The resistance levels are 60$, 65$ and the upper line of...
Hello everyone CARDANO is an asset worth investing, with a good white paper an good perspective, but a well made pattern and context is needed. On daily chart, we have a good context for a reversal,which includes higher lows, a possible double bottom pattern and some good volume on that shows less selling pressure than before, but a breakout of bear trend...
#BAKE/USDT $BACK is at lowest support zone and below the middle line of descending parallel channel. 🐻 if price break down from this support zone, the last support can be around $0.127. 🐮 holding this support can shape double bottom pattern and price can increase to resistance zone around $2.
Hello everyone Due to the bad news from wallsreet and Nasdaq, a big red bar appeared on every chart, on daily of coarse.It's not the first time we had more than 10% fall in crypto market. On daily chart of DOTUSDT, there's a double bottom pattern forming, which can take the price to our resistance level of 15.5$ and maybe break out of our bear trend line;...
I feel like this Gartley could extend further down towards the 88.6 Retracement as that would be closer to the 1.618 Extension of this Gartley but it seems like it could be just as valid for it to reverse here at the 0.786/1.414 Confluence Zone so I will opt to try my luck and take an entry here and if it goes lower near the 886/1.618 Confluence area later i will...
Double bottom formed and a good buy opportunity; once 1.81 area breaks should be able to continue bullish. Long term is 2.00 area
Hello guys, Based on the chart we can clearly see a falling wedge which is broken and also a double bottom formed on a support level. These are strong sign of market reversal which can lead a trading with high probability of success. So based on these scenarios we can open buy positions with good risk reward. Note: This post will be update base on market...
Paypal major collapse, could be making a massive weekly head and shoulders. Currently though bouncing off a weekly double bottom. Outlook is some more chop into a bounce, beginning the right shoulder. However, might just start rallying from here. Also not sold that a right shoulder would complete, more of a bounce higher from this level trade.