Hello Traders , with break 1.37900 monthly support level , i expect the price reach the next resistance at 1.38780 this is a first stage,scenario is different if a pair fall under support at 1.37900
What is Double Bottom Pattern? The double bottom pattern looks like the letter "W". It indicates an trend and momentum reversal in a particular asset. It is best for analyzing the intermediate to longer-term view of a market. Double Bottom Pattern one of the most reliable reversal pattern after Head and Shoulders Pattern. How does Double Bottom Pattern Work?...
The USD/CAD appears to be doing a recovery from the weekly low as the price bounces off the key level identified on the daily timeframe around the C$1.32000 area. So, I have identified two key levels which we shall be using as a yardstick for trading activities in the new week, and these levels are situated at C$1.32000 and C$1.3500. The coming week is laced with...
1) Double bottom pattern 2) Trend support 3) Extreme volume on Sept 16th. Stongly bullish. First target = 19.5-20
FX:GBPUSD A double bottom formation on GBPUSD is an indication of a potential change in the bearish move.
Charge Up After the Break Point on ChargePoint Holdings Inc.! I strongly believe ChargePoint Holdings Inc. is "charging up" after the break of the upper trendline! If we hold above the break through the bottom of the week, I will enter a swing trade on CHPT. The following patterns were identified prior to the break of the upper trendline-"Double Bottom" inside...
TSLA recently broke the trendline on the daily chart. It also broke the neckline on the "Double Bottom" pattern (see the daily timeframe). Since the break of the trendline and time of the post, TSLA has moved approximately 51 points above the break. A screenshot is provided below for quick reference. Have a great weekend, MrALtrades00
CONVICTIONS 1. Double bottom pattern 2. RSI divergence 3. Long support NSE:HINDALCO
All details are given on chart. If you like the analyses please do share it with your friends, like and follow me for more such interesting breakout charts. Disc - Am not a SEBI registered. Please do your own analyses before taking position. This post is only for educational purposes and not a trading recommendation.
Lovely double bottom set up on gbpusd 2 to 1 RR at current level although my entry was just under
Please support my work by clicking the LIKE button (If you liked). Also, I will appreciate for ur activity. Thank you! Currently we have a double bottom and pull back into the moving averages. If Bitcoin holds up we can get some movement out of this VR project. Follow Me for weekly updates
According to breaking the descending trend line in 4H time frame, I think USDT.D wants to make double bottom here and it means BTC price getting down ... at this moment I'm waiting to see the candle pattern.
EURUSD set double bottom at 1.0805. Break above 1.0944 would open the way to 1.1121-1.1185. But if break below 1.0805, then bearish resume, to target 1.0660.
HELLO EVERYONE HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE. HERE'S A LOOK AT POSSIBLE SCENARIOS THAT COULD PLAY OUT IN THIS NEXT WEEK ON US 500. The index opened the week with a bullish rally since it broke out of that descending channel . * The index is still strongly bullish looking at momentum to the up side, but what goes up must come down as we definitely...
Neckline still resistance for now. May need a slight correction before confirming a breakout above it. Definitely one to keep an eye on.
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...
A double bottom has been confirmed, and we're gonna dump really hard!
OANDA:GBPUSD GBPUSD formed a double bottom, breaking the resistance/neckline and simultaneously broke structure of the downtrend, then made a retest at 50% Fibonacci PRZ with a bullish engulfing.