Two bearish patterns within a big structure could signal a big move to the downside. - BTC itself doesn't look too strong as of this post and they are somewhat correlated by algos - Twitter pumpers out in full force as well Price Targets: 14.33 and 10.32 if things get really bad
Previously, The Dollar Index Formed a Bearish Double TOP Pttaern. At The Moment, The Price Has Pulled Back to The Neckline and Failed To Break it ! So, I Expect a Bearish Move 📉 ----------- TARGET: 105.08🎯
- 3 Failed tests on 4h timeframe - Price breakdown (hourly bear flag) - Price targets: 5226.75, 5153.75, trailing stop - Stop Loss: 5350 (break into ATHs)
Hello Traders ! On Friday 26 Avril, The CADCHF Reached a Resistance Level. The Price Formed a Triple TOP Pattern. At The Moment, The Neckline is Broken ! So, I Expect a Bearish Move 📉 __________ TARGET: 0.66026🎯
AUDNZD is displaying a prominent double top formation with a bearish divergence on the RSI. Pending RBA interest rate decision can be the catalyst for its reversal. Sentiments are also 97% short SHORT from break of LH.
This double top pattern has formed on the daily chart of the EUR/USD currency pair following an uptrend that lasted since the beginning of 2024. It can be used as a bearish breakout setup. The two tops are marked with the upper yellow line; the neckline is marked with the lower yellow line. My potential entry level is at the cyan line (10% of the pattern's height...
Hi Traders ! Previously, The USOIL Price Formed a Bearish Double TOP Pattern. Currently, The Support Level (81.29 - 80.33) is Broken ! So, I Expect a Bearish Move 📉. _________ TARGET: 78.16🎯
Hi Traders ! On The Daily Time Frame: The Dollar Index Formed a Double TOP Pattern. The Neckline is Broken ! So, I Expect a Bearish Move 📉. __________ TARGET: 105.000🎯
BMY is here on the daily chart. The double top and death cross of the EMA moving averages makes for a strong candidate to short with shares or take put options. A comparsion of the most recent earnings report with the previous one sixty days earlier tells most of the story. The dual time frame RSI indicator shows ongoing wekaness. I will short BMY here and...
Hello Traders ! On The Daily Time Frame: The Bitcoin Formed a Double TOP Pattern. Yesterday, The Price Broke The Neckline ! So, I Predict a Bearish Move 📉. __________ TARGET: 53100.00🎯
AUDCAD is displaying a Mutli TF Divergence on the 1Hr and 4Hr with a double Top Pattern on both TFs. A reversal for AUDCAD can be expected news being the catalyst.
Hard to say which one of these patterns are more likely to get validated at this point. Always a chance Bitcoin dumps one last big leg down from now until June in which case one last big capitulation dump could be enough to trigger the double top pattern here. However if the correction for bitcoin has already found its bottom then I think its a higher probability...
From a technical perspective, there hasn't been a definitive signal indicating a trend reversal for the SPY 500. Back in May to October 2023, the SPY exhibited a clear "M" pattern or double top, experiencing a drop of approximately 5%, retracing back, and then dropping around 10%, forming the M pattern. If we compare this M pattern with the current price action,...
Gold creates Double Top pattern it will go down after the double-top pattern will confirm TRADE PLAN: ENTRY AT 2316 TP1 2301 TP2 2285 SL 2335
this is my idea, rsi give me a big divergence when the price goes up, whit a big run.
#ID The price is moving in a downward channel trend on the 12-hour frame and sticking to it well After bouncing from a major support area in green at the 0.560 level, which is a very strong area We have an upward trend to touch the Moving Average 100 at the third target We have a downtrend on the RSI that is about to break higher Entry price is 0.630 First goal:...
Hi Traders ! Previously, The SPX500 Price Formed a Bearish Double TOP Pattern. Currently, The Price Broke The Support Level (5081.27 - 5051.43). This Key Level Becomes a New Resistance Level ! So, I Expect a Bearish Move 📉. TARGET: 4976.00🎯
Hi Traders ! The USOIL Price Formed a Double TOP Pattern. So, Let's Expect The Bearish Scenario: If The Market Breaks and Closes Below The Neckline, We Will See a Huge Bearish Move 📉 TARGET: 81.35🎯