Looks like a likely double top forming in QQQ. I think it's likely to play out as the double top target move down would also fill a couple gaps in the hourly chart.
We can use candle patterns on the oscillators too. On 1h my waves oscillator, we have a double top, ideally rejected from the 70 lines, and it broke down the neckline. A pullback in strength could go below a zero line. In that case, aggression (grey wave) would be rejected in the area of -50 to -70. The head and shoulders pattern formed on a 15m timeframe, and...
TRADE PLAN OF DOUBLE TOP FORMATION Entry/Sell Stop: 165.473 Stop loss: 166.582 TP:164.385 Risk Reward 1:1
Hey there traders! This is my analysis on GBPUSD. Waiting for price to break and close below zone 1.24000 and then look for a retest of the zone and look for a confirmation for a move downward to zone 1.22900 for 110 pips! Don’t forget to like and follow for more!
Hey there traders! This is my analysis on EURUSD. Price closed under zone 1.09150. Now looking for a retest to create the possible double top and then look for confirmation for a move downward to the next zone 1.08300 for 85 pips! Don’t forget to like and follow for more!
Hey there traders! This is my analysis on GBPJPY. Price closed under zone 164.100. Now looking for a retest (double top) and see we can see some nice rejection and then a move downward to next zone 163.200 for 100 pips! Don’t forget to like and follow for more!
Bearish signs break Double Top + can't break and hold upper trend line. Target: TP1: 200MA TP2: 137-135 area TP3: yellow trend line
Hello Traders 💖 On The Daily Time Frame The NZDJPY Price Reached a Resistance Level! Currently, The Price formed a Double TOP Pattern 📉 The Neckline is Broken, The Support Line is Broken 🔥 So, I Expect a Bearish Move 📉 i'm Waiting for a Retest... ----------- TARGET: 81.655🎯 ________ if you agreed with this IDEA, please leave a LIKE, FOLLOW or COMMENT!
From a technical point of view, the $DAX30 index could form a Doublet Top Pattern on 15' chart. Trade with care! 👍 ...and if you think that my analysis is useful, please..."Like, Share and Comment" ...thank you! 💖 Cheers! N.B.: Updates will follow below
Eurusd forming a double top that is reversal pattern we may see downward trend in a small time frame (bearish). . . . . . DYOR!!!!
Hello,Traders! EUR-USD presents the Reverse picture of the DXY With the double top and A bearish breakout so I think the pair will fall Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!
Hi people Welcome to Team Decrypters Decent Short opportunity on NVIDA STOCK --Head & Shoulder Pattern Break out and Target completed . --Price is Supported by All Major EMAS. --A down ward channel Break Down And GAP filled. --After a Strong upward movement Price should reject from Multi year Trend line. --A Potential Retracement Short should ATLEAST play From...
EURUSD TESTS THE BIG RESISTANCE twice in a row and create double top pattern
> Bearish Divergence > Double Top > Resistance Zone There is a good selling opportunity today
OANDA:EURCHF Waiting for the candle to close on the 4H EURCHF for a possible Double top from the resistance zone 0.998 and good short opportunity. If you like my idea please hit the thumbs up :) P.s First idea I have published.
• NVDA is about to retest the previous top at $275.89, after a quick correction to the $258.50; • NVDA is in a very strong bull trend, and the last correction couldn’t even hit the 21 ema in the daily chart; • By breaking the resistance at $275.89, NVDA would trigger another bullish pivot point, reinforcing the bullish bias. Its next target is the $289.46, which...
USDCHF started making Higher Highs and Higher Lows on 1 Hr chart and then we can see a double top with the divergence. It can result in dipping with sellers' control. Following points can be considered. Sell Stop : 0.91861 Stop Loss : 0.92228 TP 1 : 0.91676 TP 2 : 0.91488 Projection : 0.91488 Risk 2%