This is an alternative idea to heading up from here, based on a long-term target from April 2021. Around early to mid-April of 2021, Bitcoin Dominance confirmed a double top. Following that we hit and surpassed the measured 1x target (TP 1 on the chart above), and have since consolidated around it. However, we have yet to hit TP 2, or the measured 1.5x...
GbpChf Pattern Short, everything is on chart. Harmonic, structure change, double top, fibonacci trade.
The Judge with the assistance of John Deaton via amicus, got the SEC to agree that sales of library credits from the secondary market do not constitute a security and since that news came out lbry has had a big pump here. You can’t see it here on the weekly chart, but on the daily time frame we have also just seen one of the biggest daily volume candles we’ve seen...
With Oil companies reporting earnings and also a majority of them attempting to break ATH, I have my eyes on SHEL, CVX, and XOM. CVX and XOM already reported earnings and did not have an all around beat but CVX beat revenue and XOM beat earnings! SHEL is set to report their earnings on Thursday pre- market and I will be looking to enter into a swing in either...
West Texas crude oil just broke its major resistance of double top neckline and now seems to be in a free fall action
On the chart of Autodesk(ADSK) we can see a double top pattern. For the whole year of 2022 ADSK has been in a downtrend and it is likely to continue in 2023. The double top pattern is a bearish pattern. Once the price breaks down the neckline and turns into a resitance instead of a support the pattern gets validated and the trade can be entered. Take your profits...
Price is currently moving within an ascending channel which has potential to move higher to create a 3rd touch of the channel at the physcological level of 1.119 before the bearish run starts. If price is unable to break above 1.0935 then I will look for a short entry to 1.04 range. Follow your trading plan and be patient. Share your opinion on this pair by...
Welcome back! Let me know your thoughts in the comments! **ERUCAD Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight...
SPY found support early in yesterday's session at the important 393.66 level. Then shorts failed to keep control for the remainder of the day. Key pivot level today is 402.63. After that, there is little resistance to the last CPI high at 410.20 from Oct 13. Bias Is high but the market loves fadeouts so be sure to watch for high volume reversals after breaking key...
• The SPX did correct to the 21 ema, exactly as we expected in my previous analysis (link below this post, as usual); • Now it is going up again, trying to resume the bullish sentiment, but in order to confirm that, it must break the red line at 4,015; • If the SPX breaks this red line, it’ll trigger a pivot point, and in this scenario, the next resistance around...
I was scanning stocks for chart patterns and came across Immunogen Inc. (IMGN) with a double-top already formed. IMGN has been trading in a downward channel since February 2021 and shows no sign of stopping yet. The price has reached a major support level of about 4.97, with only one major breach back in May. On three occasions it has dipped below slightly to...
For those of you who are following along with me on my little obsession with AMD, the past week was pretty exciting for those who were shorting the stock as the price dropped out of that short-covering rally like a rock for a $9.46 gain. AMD is now reaching a very uncertain area with 3 support levels to get through and it's actually touched an ascending trend...
USDJPY has formed a double top pattern on its hourly chart. The price is trading the entry level EL 137.770 SL 137.913 TP1 136.495 TP2 136.120 TP3 135.640
Hey trader! This analysis is based on a bearish breakout as a result of a double top . As the previous resistance (at 0.5123 , 0.4262 , & 0.3769 respectively) and support levels (at 0.3398 , & 0.2443 respectively) indicate, the current development is taking place in a bear market . Despite the negative development, a bullish double top has formed...
TGT share formed a bearish double-top pattern by retracting from January high. The first bearish target would be 161.54 level and the EMA-25. Breaking below those lines shall pave the way for the next bearish area target between 159.49-158.34 levels. The area between 155.71-154.84 levels would be the further bearish targets ahead of breaking below the previous...
Here we cann see that in 1 hour time frame the chart of "BTCUSDT" is forming a DOUBLE TOP PATTERN and a if the price plays the pattern and we can se further downfall in the price of #BTC and also in other ALTS. So till then keep an eye on the yelllow trendline at "22K". Wait the price to break the zone of 22k and if price breaks the zone we can take SHORT ENTRY...
Just messing around with the charts. Use small leverages as this is a long term trade that could take a few days.
The pair continues its bearish rally on hourly timeframe with breaking of yet another lower low, and seems to be on it's way to form a double top pattern