After the very big long trade from the previous analysis, think a short scalp might be worth it here. Looks like a double top in the making now, also because it went up in a straight line, so a decent correction becomes more likely now as well. Only danger i see now is, that it becomes a triangle. If you see a slow drop staying above the triangle support, you can...
At the moment we can see a similar shape double top as the one i showed back in Sept. Eventually it was the ATH so it was a bit lucky on that part. So doesn't mean the same will happen again now, but who knows.
So doesn't mean we crash hard, but we can always keep a part. Stop above the high, would do half now and half at break neckline. Above neckline very it's...
Chart time frame - H4
Timeframe 1-4 Days
Actions on -
A – Activating Event
Market will meet resistance in zone @1.011 - .... and fall to the 0.991. In order to enter, the pair MUST be in line with my Entry Procedure....
B – Beliefs
Market move towards the first Target 1 level @ 0.991
1, Double Top
2, Recently bullish leg failed to break the highs
3, Price did not respect the bullish trendline that was potentially forming
4, RSI Divergence (7 + 14 day)
5, Target is based on Fibonacci Cluster + Previous Daily Support
6, Target is also D point of a Gartley Pattern
1, Rejected off monthly zone
2, Currently at daily support
3, Head and Shoulder pattern on daily support
4, Double top on daily timeframe (Dec 18 + March 19)
5, Daily support at 50% and 382 on Fibonacci Cluster
Target: based on Fibonacci cluster and previous support
#POWR/USD price setting higher support level signaling an upcoming bullish momentum in the short term for the energy blockchain token. The price set a new support level at $0.11334278 USD and crossed the upper support level at $0.11450243 USD. The Stochastic oscillator is currently in the oversold region (19.02) signalling a short bullish trend on the POWR/USD...
welcome to another free signal!
Important: This Setup is valid as soon as we break through the neckline and flip it into a resistance! Otherwise its not a confirmed Double-Top and could turn into whatever!
Sell@ : 1.05823
Target 1: 1.05613
Target 2: 1.05411
welcome to another free signal!
Important: You can use an aggressive or conservative entry for this trade! A and B..
A: Sell-Limit: 79,276
B: Sell-Stop: 79,168
Target 1: 78,906
Target 2: 78,679
Target-Zone 3: 78,529 - 78,449
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It seems like a potential for a double top pattern on USOIL, the pattern will be completed only if the price will breakout the support below, if that happened I'll look for a price action setup for sell position, also, if the price will break the support below, it indicates the price tends to reach the demand at the bottom, this demand will be my target for the...
dollar cad is approaching a significant level of resistance,
with rsi oversbought with divergence and weakening bullish momentum.
formation of a double top and rejection of 1.344 level is one more indication of upcoming bearish move.
now just wait and sell the breakout of the wedge with you targets based on...
LTC had a well respected resistance at 45 EUR, and it managed to brake above it!
Right now I have outlined a channel (Light blue trend lines) in which LTC is moving in for the past 44 days.
Right now LTC has made a Double Top pattern. That could lead LTC to retrace back to the support at 45 EUR.
I am looking forward for an Entry at the 45 EUR zone ( Green...
We were in an uptrend (red trendline )
which we broke and now acts as a resistance level
Again we were in an uptrend (orange line) ..again broken acting now as resistance
We also have a descending triangle which is about to break
and a DOUBLE TOP pattern (still neckline not broken)
We have a triple top (at the above green zone)...
A good shorting opportunity
bearish engulfing pattern formed after wipro announced it's result
i have also checked the delivery percentage which was less.
if price is decreasing and delivery percentage is less then it indicates very less interest of people to accumulate
also price is in overbought region as per RSI indicator.
and lastly it looks like a double...