We can see considerable amount of volume has accompanied the current big green candle that has broken above the Adam and Eve double bottom neckline here. This type of volume impulse usually signifies that a breakout of a pattern has been confirmed. However, this being only a 4hr timeframe, we must be prepared as always for the first breach of the neckline to...
🌳EGLD Has Done a Massive Correction! But It Seems To be Recovering From That! As You Can See The Price Has Created a Good Double Bottom Pattern. This Means When The Break out Happens, The Price Can Increase as Much as The Measured Price Movement (AB=CD which in This Case Is as Much as the Length Between The Bottom & the Top of a Bottom!) So This Means that EGLD is...
Price action and chart pattern trading setup > Double bottom trend reversal pattern breakout with strong bullish candlestick > 1st entry at breakout and 2nd entry at pullback > 1st target zone at 0.786 and 2nd target at 1.000 > Stop zone at the double bottom area > Recommended risk reward ratio at 2:1 for medium term trade Indicators: > RSI bullish trend above...
HEY EVERYONE HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE, A LOOK AT NASDAQ INDEX THIS WEEK SWING * The index was trading in a DESCENDING channel NOW entered a range bound market, saw a beautiful double bottom looking for a retest of this structure before continuation to the upside. - We finally at that zone which highly probable to become the reversal point...
Company info Wave Life Sciences Ltd., is a clinical-stage genetic medicine company that designs, optimises and produces novel stereopure oligonucleotides through PRISM. It is developing oligonucleotides target ribonucleic acid to reduce the expression of disease-promoting proteins or restore the production of functional proteins or modulate protein...
Company info Applied Genetic Technologies Corporation is a clinal stage biotechnology company that develops transformational genetic therapies for patients suffering from rare and debilitating diseases. Sector analysis for AGTC Both the AGTC and WVE in my other trade idea have the same sector. The main ETF for this sector is the Health Care Select Sector SPDR...
Company info Amazon.com, Inc. is a company that engages in the retail sale of consumer products and subscriptions internationally and North America. It sells merchandise and content purchased for resale from third-party sellers. The company also manufactures a range of electronic devices. Sector analysis The main ETF that tracks this sector is the Vanguard...
Company Info The company was incorporated in 2018. Since then, it has seen tremendous growth despite the 2020 pandemic. Arcosa, along with its subsidiaries, provides infrastructure-related products and solutions for the construction, energy, and transportation markets in North America. It has three operations: construction products that offer natural and recycled...
as we can see there is an obvious double bottom and there is a green candle gonna escape from the current HVN (high volume nodes) to reach the point of control of the volume profile, and if the it's gonna break the resistance line so the goal will be 96$
We have lots of Bullish Divergence here and are Double Bottoming while in the process of Bullishly Breaking out of a Falling Wedge that if plays out could likely take us back up to The Previous Quarter's High.
Earlier this month, Costco made confirmation of an Eve & Adam Double Bottom chart pattern as it began seeing daily closes above the mid range between lows. This pattern indicates a fairly high probability (about 88%) of a bullish reversal relative to the sell off which from the recent all-time high (571.49) achieved on December 29th, 2021. Today, the price is...
XAUUSD Predicted to be Bullish XAUUSD analysis . We will analyze in H1 TF, where we see that Gold is experiencing a bearish trend or down. In moments like this, we can take short positions when the price has been confirmed or has broken through the strongest support level. . For the current hour and today, Gold most likely will form a double bottom pattern on H1...
We have a double bottom pullback trade on the GBPAUD. What's so special about this trading setup? Well, on the higher timeframe, the Daily Chart, there is a Bullish Crab Pattern check back. Although the formation is complete beyond the PRZ, it sits nicely at the level and acts as a new support level. If you are familiar of the Crab Pattern, you should know that...
We are at a Weekly Support Level and are showing Weekly Classic Bullish Divergence on the MACD and RSI at the tail end of Hidden Bullish Divergence and are looking to Retrace back up to the Neckline first then to the Wick High after.
Double Bottom at Support Breaking above both the 55 Day SMA and 55 Day EMA
Hello everyone, Breakout for ETH, combined with a double bottom pattern in the weekly timeframe, are the perfect signals for the beginning of a new bull run. Short term ETH is going to show weakness due the fact that it will need to test level of support. However, mid/long term I am quite bullish for the reasons linked above. Have a nice trading week.
Double top pattern check chart for entries buy stop @ 1.8080 buy limit @1.7950 sl 1.7900
EURUSD is on a Bearish Trend, and if you are on plan to long EURUSD like I did, you are in a counter-trend trade. If you have a long EURUSD base on the Bullish Shark setup(link at the bottom), the target2 based on the textbook case has fulfilled its final target level, not for me. I'm waiting for one of the two different trading opportunities to have an...