Doublebottomreversal — Trading Ideas on TradingView

How to Trade Double Tops & Bottoms in TradingView Learn how to identify, validate, and trade double top and double bottom reversal patterns using TradingView's charting tools in this comprehensive tutorial from Optimus Futures. Understanding these classic chart formations can help you spot potential trend reversals and capitalize on contrarian trading opportunities in the futures markets. What You'll Learn: • Understanding contrarian vs. continuation trading strategies and when to use each approach • The psychology behind buying low and selling high through reversal pattern trading • How to identify double top and double bottom formations on any timeframe • Key characteristics of valid double tops and bottoms, including volume confirmation • Using TradingView's XABCD pattern tool to validate potential double top/bottom setups • Real-world example analysis using crude oil futures charts • Risk management techniques for trading reversal patterns • How to calculate appropriate entry points, stop losses, and profit targets • Setting up 1:1 risk-reward ratios for mathematical trading edge • Understanding win rate requirements for profitable pattern trading • How double bottom patterns work as the inverse of double top formations This tutorial may benefit futures traders, swing traders, and technical analysts interested in contrarian trading strategies and reversal pattern recognition. The concepts covered could help you identify potential turning points in market trends and develop systematic approaches to trading these classic chart formations. Visit Optimus Futures to learn more about trading futures with TradingView: optimusfutures.com/Platforms/TradingView.php Disclaimer: There is a substantial risk of loss in futures trading. Past performance is not indicative of future results. Please trade only with risk capital. We are not responsible for any third-party links, comments, or content shared on TradingView. Any opinions, links, or messages posted by users on TradingView do not represent our views or recommendations. Please exercise your own judgment and due diligence when engaging with any external content or user commentary. This video represents the opinion of Optimus Futures and is intended for educational purposes only. Chart interpretations are presented solely to illustrate objective technical concepts and should not be viewed as predictive of future market behavior. In our opinion, charts are analytical tools—not forecasting instruments. Market conditions are constantly evolving, and all trading decisions should be made independently, with careful consideration of individual risk tolerance and financial objectives.

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Bullish Double Bottom Pattern Tutorial: 4/8 Bullish Patterns Give me the description for a bullish double-bottom A bullish double bottom is a powerful reversal chart pattern that signals the potential end of a downtrend and the beginning of an upward trend. Here’s how it forms: Two Troughs: The pattern starts with a significant price decline, forming a low (the first bottom). The price then rebounds to create a peak (the middle of the "W" shape) but soon declines again to form a second bottom roughly at the same price level as the first bottom. This double bottom resembles the letter "W." Neckline: The horizontal line that connects the peak of the middle rebound is called the neckline. This is a key resistance level that the price needs to break through to confirm the pattern. Breakout: A breakout above the neckline, typically accompanied by increased volume, confirms the double bottom pattern and signals a potential trend reversal from bearish to bullish. Price Target: The estimated price target for the upward move is usually determined by measuring the distance from the bottoms to the neckline and projecting this distance upwards from the point of breakout. Traders view the double bottom as a strong indication that the previous downtrend has exhausted and the bulls are gaining control, leading to a potential significant upward movement.

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Ethereum - Bullrun Started Hello Traders, welcome to today's analysis of Ethereum. -------- Explanation of my video analysis: In March of 2017 Ethereum created its first valid breakout followed by a +7.000% rally and a -90% correction thereafter. A couple of months ago Ethereum perfectly retested the previous 2018 high and I am just targeting new all time highs from here. If we get a retracement back to the structure level which I mentioned in the video, I will probably even add to my long position. -------- I will only take a trade if all the rules of my strategy are satisfied. Let me know in the comment section below if you have any questions. Keep your long term vision.

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$JD Potential Reversal: 2-Day DB, Descending Broadening Wedge Overview: JD (JD.com Inc.) appears to be forming a compelling technical pattern that suggests a potential reversal. The stock has developed a 2-day double bottom pattern, coinciding with a falling wedge setup, all occurring within the confines of a major descending broadening formation. Traders and investors should closely monitor these key technical levels for potential bullish momentum. Key Technical Observations: Double Bottom Pattern: JD has established a clear double bottom pattern over the past two days, a classic reversal formation characterized by two distinct lows at approximately the same price level. The first low was set , followed by a second low , forming a W-shaped pattern. Falling Wedge Formation: A falling wedge is currently in play, with converging trendlines forming lower highs and lower lows. Falling wedges are often indicative of slowing bearish momentum, and a breakout to the upside could signal a reversal. Descending Broadening Formation: The overall context involves a major descending broadening formation, marked by expanding price volatility within a downward trend. This formation could imply a period of uncertainty and potential for a reversal as the pattern reaches its apex. Potential Trading Strategies: Entry Points: Conservative traders may consider entering long positions upon a confirmed breakout above the upper trendline of the falling wedge. Aggressive traders might explore entry opportunities near the lower trendline, anticipating a bounce within the descending broadening formation. Stop-Loss and Take-Profit Levels: Establish a stop-loss level below the recent double bottom, ensuring protection against a potential breakdown. Identify potential resistance levels within the descending broadening formation as initial take-profit targets. Confirmation Signals: Confirm the bullish reversal with increased volume on the breakout from the falling wedge. Use additional technical indicators, such as RSI and MACD, to validate the strength of the potential reversal. Risk Considerations: Trading involves inherent risks, and it's essential to manage risk effectively. Be cautious of false breakouts and monitor market developments closely. Disclaimer: This analysis is for informational purposes only and should not be considered as financial advice. Always conduct thorough research and consult with a qualified financial professional before making trading decisions.

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How To Spot A Reversal Like a Pro!Hello Traders, Spotting a reversal is always a daunting task I know. That is I use a 2 Step Down Timeframe Method to spot a reversal in correct way. I have explained step by step so please watch in full to understand it clearly. Also do not forget to like the video and let me know in the comment section if you have nay questions.

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