Double Top

Hsan_Benhmed

As We Talked in The Previous Analysis: On Tuesday 28 Nov, The GBPUSD Reached a Resistance Level (1.27213 - 1.27466) The Price Formed a Double TOP Pattern. Currently, -The Neckline is Broken ! So I Predict a Bearish Move 📉 Let's Wait for Retest... ----------- TARGET: 1.24980🎯

Gold-Tech

Suggested decline ↓: The currency pair is forming an ascending channel and a double top The retest does not help the breakout. 1) Double top, buyer weakness 2) Resistance retest did not reach the high, strong zone 3) Correction after resistance retest 4) Zone of interest at the moment below 1.2603

Hsan_Benhmed Updated 

Hi Traders ! On Tuesday 28 Nov, The GBPUSD Reached a Resistance Level (1.27213 - 1.27466) The Price Formed a Double TOP Pattern. So We Have a Bearish Scenario: If The Market Breaks The Neckline and Closes Below That, We Will See a Bearish Move... TARGET: 1.24980🎯

SwallowPremium

The LINK/USDT chart presents an intriguing setup with two potential bearish reversal patterns emerging—a head and shoulders and a double top. While these patterns are still forming and not yet confirmed, the similarity in their bearish implications cannot be ignored. Our major target is going to be here in that significant fair value gap (FVG) zone. The key area...

Hsan_Benhmed

Hello Traders ! Previously, The EURNZD Price Formed a Bearish Double Top Pattern. Currently, The Price Reached a Support Level The Support Line is Broken ! So Let's Expect The Bearish Scenario: If The Price Breaks The Support Level and Closes Below That, I Will Sell on Retest... TARGET: 1.72600🎯

Remoto_Trading

Hello Everyone 🙋🏽‍♂️ RSI +Supply zone + double TOP 🟠 EP 15.804 🔴 SL 17.263 🟢 TP1 14.226 ⚠️( Close 33% of the trade and Set the SL on EP )⚠️ 🟢 TP2 12.856⚠️ ( Close 33% of the trade )⚠️ 🟢 TP3 11.398 🔥 ( Final result)🔥 We are not responsible of any losses for anyone, our trades are profitable more for long terms and we take losses as everyone, manage your lot...

Hsan_Benhmed Updated 

Hello Traders ! On Tuesday 21 Nov, The AUDCAD Reached a Resistance Level (0.90318 - 0.90567) The Price Formed a Double TOP Pattern. So We Have a Bearish Scenario: If The Market Breaks The Neckline and Closes Below That, I Will Sell on Retest... TARGET: 0.87950🎯

Hsan_Benhmed Updated 

Hello Traders ! On The Daily Time Frame, The EURCHF Reached a Resistance Level. The Price Formed a Double TOP Pattern. Currently, -The Neckline is Broken. So I Predict a Bearish Move 📉 i'm Waiting for Retest... ----------- TARGET: 0.94820🎯

Hsan_Benhmed Updated 

Hello Traders ! -The EURAUD Failed To Create a New Higher High. -The Price Formed a Double TOP Pattern. Currently, -The Neckline is Broken. So I Expect a Bearish Move ! Let's Wait for Retest... ----------- TARGET: 1.64800🎯

ekesam

Analyzing the chart provided, it is evident that there was a break of the trendline earlier this month, followed by a reversal of the trend upwards. Currently, there has been a break of the supply zone and the 0.5 Fibonacci level, after which the price is undergoing a retest of the same level. The Moving Average Convergence/Divergence (MACD) divergence before the...

miansarimhameed

The GBPUSD currency pair has established a distinctive double top pattern, coupled with a discernible bearish divergence, as observed on the 1-hour timeframe. This confluence of technical indicators suggests a potential forthcoming downward movement. Our strategy involves initiating a trade position when the neckline of the double top formation is breached to the downside.

periali1

Things don't look good for Bitcoin in Daily time frame. I am waiting for reversal in the next days. We have multiple bearish signals. 1) Double top 2) Rising wedge 3) Bearish divergence in RSI 4) Trading Volume is dropping Targeting price : 1st Target: 34000$ (from the rising wedge) 2nd Target : 32000$ (previous Break of structure, so now it's possible...

Average_Joe_Options

Like many other stocks AAPL has been on a sharp rise up since testing its 200 day MA. After testing the 200 day MA AAPL has broken out of a descending wedge to the upside. My conservative price target was $196 which was $2 short of its all time high. Momentum has started to slow and it is looking like AAPL is ready to retest its 200 day. Negative divergence...

SwallowPremium Updated 

We're spotting what looks like a double top formation with a neckline yet to be broken! If we see a decisive breakdown below this level, we're likely to witness a slide towards the $12 region, marking an approximate 18% descent. It's a waiting game for now, as a breakdown could open up a short opportunity. However, should there be a surprise shift and we break the...

ArturoL

Price is facing tons of resistance. I think is going back to the support blue line. I just bought some puts as shown. Also we have a double top that is pushing the price down.

BluetonaFX

Hi Traders! There is a potential double-top pattern on the GBPUSD 3H chart around the new monthly high. Price Action 📊 After the break above the previous monthly high at 1.24286, the market traded with further momentum and reached the new monthly high at 1.25058, then had a pullback to the neckline support at 1.23740. The market is now re-testing 1.25058, and...

entertheroach

ETH/USD is in an Ascending Triangle Pattern. We also have what could be a Double Top as well. Ascending Triangle Pattern = Potentially Bullish Double Top = Potentially Bearish Here is a closer look at this 1day chart. Note the Liquidity Void being filled up at the moment. Here is a closer look at the RSI. Momentum is downwards at the moment but note the over...

ArturoL

Another double top, looks like is going down. SL if a daily candle closes above the trendline. The GBP is struggling across the board.