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
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
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)...
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
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...
Vindo de uma tendência de baixa, formou-se então uma bandeira de baixa, chegando assim a tocar novamente no canal de baixa, havendo grandes chances de reverter da pequena tendência de alta na bandeira de baixa, fazendo com que continue a tendência de baixa pegando o TP1 mostrado no gráfico, podendo chegar á outro fundo mais abaixo para TP2.
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
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...
WTI is currently rejecting the key resistance level of $64.00. If the 4hr can break and close below
the lows we could see further downside to the commodity. If we get a clear close
below, look for the market to re-test the structure lows for continued short opportunities
to the $60.00 support.
Not fully formed yet so mostly just an idea I'm playing with. I am expecting a BTC breakout of its ascending triangle which would pull ETHUSD up with it. From there I would expect a double-top on ETHUSD, maybe causing the break down of a rising wedge to happen