List of confluences: 1: Double Bottom 2: Trendline Breakout 3: Change in market structure. Risk Reward: 14.42 to 1
This looks to be a Breakout of a Bullish Dragon on the on the tail end of a Double Bottom. We are currently attempting to find Break Hook Go Confirmation at both the Neckline of a Double Bottom and a Supply Line of a Bullish Dragon; if it plays out we will likely see a push up to a minimum of $189
In daily and 4h time frame, Luna built -RD in MACD and RSI. Also, there is a huge amount of volume exactly on its ATH resistance. Finally, the chart created a double top and its neck line was broken in 4h. All of these signs show me that the correction of Luna started. There are two scenarios: First, Luna touches again the resistance of 93.7-95$. Second, the chart...
Few possible targets here, I am thinking BTC will test the middle channel dotted TL around $34K. There is the smaller LTF parallel channel mid support dotted TL at $34K and also the HTF bottom TL support all converging around $34K. This appears to be some sort of complex ABC WXY ABC double correction Flat Zig Zag. In a flat Correction the A wave breaks down into 3...
We are Double Bottoming within a Channel showing Bullish Divergence and if we Breakout we could see around a 27% pump.
Hello traders and investors! Let’s see how AMZN is doing today! It is going up more than 5% by the time I’m writing this analysis, thanks to the announcement of a 20:1 split. Let’s see what the charts are telling us. In the 1h chart, it is trading way above the 21 ema, indicating some euphoria, and it is breaking the previous resistance at $ 2,925.71 (red line)....
OANDA:AUDUSD AUDUSD just broke the bearish structure on the Daily chart. It had formed a double bottom pattern and broke the neckline of the double bottom and also closing above the previous Lower High breaking structure. Price further made a 50.0% retest and candle closed as a bullish engulfing, confirming a buy setup on AUDUSD.
Hello traders and investors! Let’s see how LCID is doing today! In the 1h chart, we see a clear bear trend, and LCID is trading below its 21 ema. However, there’s hope for it. The most important key point is the red line at $ 29.05. This point is the trigger of a Double Bottom chart pattern (Adam & Eve type). The technical target for this pattern is the next...
IDEA is sitting around a strong support so we will be looking for buy setups. on DAILY: IDEA formed a valid double bottom pattern but it is not ready to go yet. Trigger => Waiting for a momentum candle close above the gray neckline to buy. Meanwhile, until the buy is activated, IDEA would be overall bearish can still trade lower inside the support...
NAS100USD has formed a double bottom pattern on its hourly chart. The price is trading the entry level EL 13407.6 STP 13207.7 TP1 13963.0 61.8% TP2 14193.4 78.6%
This weekly chart double bottom is much more massive and currently far more speculative than the 1 day chart double bottom I posted an idea about just before this idea. However I felt it worth mentioning as it would be fun to see this actually unfold then come back to this idea later to click play on the chart and see the pattern play out from its second bottom....
Technical analysis regarding the price of TERRA in relation of dollar Tether for the next scenarios, based on daily movement. disclaimer *** In accordance with CVM Instruction No. 598, of May 3, 2018, Art. 21, I declare that the recommendations of this analysis reflect solely and exclusively my personal opinions and perceptions and that they were prepared...
Draftkings is currently at the all time .886 retrace and forming a double bottom. Indicators in the 3d chart also look very bullish imho Stay safe in this crazy times !
This would the bullish way to look at the Qs, if the 100week moving average, where we are currently is considered value by the market and we really turn around here. Double bottom at the .786 from the low exatly 1 year ago to the All time highs with classic triple bullish divergence in both the MACD and RSI It doesn't get much better than this tbh, if we just...
Hello traders and investors! Let’s see how PYPL is doing today! The trend is clearly bearish on it, however, it is reacting nicely today. This reaction came at the right time, as PYPL is trading at a support area, and we are quite far from the 21 ema as well. A reaction was expected, and it is convenient. We don’t see any bullish structure, and this reaction...
NYSE:URI daily looks like a good buy. After a perfect double bottom it has now broken the top trendline and the 5 EMA has crossed above the 20 EMA.
A Bullish 5-0 Pattern complete on the Weekly Chart. If you had engaged the Bearish Shark Pattern I've shared last year, you would have gained a total of 848pips by just waiting for it to hit the profit level. Trading the Shark Pattern isn't an easy task as it can have up to 3 different entry zone, which means when you get stopped out the 1st time, you should...
On 3Mar22, I've posted the Type2 Bearish Shark Trading Opportunity. In that post, I named the movement Shark Tank. You can see the movement of 103pips has been made. Interestingly, the market stops and respects the level that I've plotted. This is not by chance but by having a solid foundation in chart analysis. (You can check the Related Ideas within the...