After weeks of consolidation price finally broke out to the upside only to form a double top at previous support turned resistance. The second high of the double top is a LH signaling a trend change back to the bearish side. The monthly chart looks to be way overextended to the downside and a pullback is overdue. Will be looking for possible bullish HL to develop...
Daily double top with daily tweezer rejection. First target being daily 49EMA and based on momentum two thing could happen:
1.Price could smash right through the daily EMA and continue with the overextended bearish momentum.
2. Weekly double bottom could play out and price could reject daily 49EMA forming HL giving potential long position.
Bearish Shark
Have first to be traded when it reveals itself as either a double top or harmonic Shark pattern.
The shark pattern could be tricky though! We could see only a backtest of the break out and up, but would of cause then still give a nice trade and gain too. Have to see as it expires.
Stay Sharp, Charts at
WALLSTScalper.com
Hi guys,
this is a trend continuation trade: you can tell this simply by looking at the last price moves. The recent downward movement created a new low in the 4H chart, so we are now setting our mindset in bearish condition for we'd want to hop on the trend as soon as price gives us the opportunity to do so. In this case price has created a double top on the...
Hi guys,
this is a trend continuation trade: you can tell this simply by looking at the last price moves. The recent downward movement created a new low in the 4H chart, so we are now setting our mindset in bearish condition for we'd want to hop on the trend as soon as price gives us the opportunity to do so. In this case price has created a double top on the...
Hi traders, usjdpy recently made double top and after retest 0,618 fibo i want short. i want keep this trade longer i think it's big chance usdjpy will go more down to retest 0,618 fibo of the big swing (D1).
Have a nice day.
Hi guys,
this time we're going to take a look at the pound dollar cross; as you can see price has formed a nice double top at a previous structure point in higher timeframe (4H) with RSI divergence (bottom of your screen).
I'm not taking this because i'm already involved with GBP pairs so i don't want to be overexposed, but i think this could be a nice...
Hi guys,
this time we're going to take a look at the pound dollar cross; as you can see price has formed a nice double top at a previous structure point in higher timeframe (4H) with RSI divergence (bottom of your screen).
I'm not taking this because i'm already involved with GBP pairs so i don't want to be overexposed, but i think this could be a nice...
Hi guys,
just wanted to share with you this setup that i'm selling right now. As you can see we have a nice Gartley pattern and right at the D point price has created a double top. Stops above the highs, target at the 382 and 618 retracements.
If you want to share your idea or simply ask questions, feel free to comment below.
Otherwise, see you in the next chart!
Hi guys,
just wanted to share with you this setup that i'm selling right now. As you can see we have a nice Gartley pattern and right at the D point price has created a double top. Stops above the highs, target at the 382 and 618 retracements.
If you want to share your idea or simply ask questions, feel free to comment below.
Otherwise, see you in the next chart!
