The market moves up, the market moves down. If you are a naked trader, you will probably note that the turning points in the market coincide with the support and resistance zones. -If the market touches a zone twice in succession, it will often move away from the zone -Two touches on a zone from below suggests a market top -When the market makes lower highs, it...
Hello,Traders! EUR-CAD was trading in a rising channel But the pair was overbought so After the establishment of the Double top pattern a bearish Breakout happened and now We are seeing a rebound To retest the supply are above From where a local move down Is quite possible Sell! Like, comment and subscribe to boost your trading! See other ideas below too!
The crypto shows breaking of the neckline of a possible double top pattern; indicating a bearish rally till 1173 price.
• Since our previous analysis, NVDA did exactly what we expected it would, as it is correcting after touching a strong resistance level (link to my previous analysis is below this post, as usual); • NVDA did a Double Top chart pattern, which brought some correction; • Now NVDA is trading just around the dual-support area we mentioned in our last post (21 ema +...
An Extremely aggressive short idea on the RUT if one didn't nail the Mother of All Trend Lines on the S&P500 Regarding support as resistance w/ Hourly Hidden Bearish Divergence on MACD + RSI , regarding Fast EMA as Resistance Daily Double Top Confirmation Line Broken
• AMD is trading at a critical support level today, as we just hit the 38.2% Fibonacci’s Retracement + Red Line at $70.16 (previous bottom); • In addition, AMD lost the 21 ema, therefore, in order to avoid a bearish continuation sentiment, it must react as soon as possible above this key support; • If a bullish reaction materializes (there’s none so far), it...
Hi traders, watch GOLD with your own according strategy and look for a short position opportunity for a short term trade setup GOOD LUCK.
Hi traders, watch EURUSD with your own according strategy and look for a short position opportunity for a short term trade setup GOOD LUCK.
The gold prices are likely to plummet into a bearish trend reversal if it breaks 1777.3 neckline. Sellers should watch closely and take projections on the possible double top pattern.
Dabur stock formed double top formation and it's good to watch for any breakout or fall.
Today those day trading the Nasdaq futures could clearly observe the classic "Yum" pattern emerge on the chart of CME_MINI:NQ1! Nasdaq future. This follows a touch of major Resistance; the 50% Retracement of the August high to October low following a major JPow rally from yesterday setting up a double top at said Retracement level.
Been watching this pair since Friday the 25th. hoping for a sell as it is at the flip-zone and also testing the trendline, I just hope it respect the trend, the formation of a double top of which is a sell property but immediately came back to manipulate and take out sell traders whore already in. HOPE THIS SELLS GOOD AS ANALYZED !!!!!!!! OPINIONS AND IDEAS...
This is a short and simple analysis. Multi-year long ascending trend line broken and retested. Since 2017 PA formed a double top which is now being retested. This thesis is also confirmed by volume ascending trend with dumping PA, and volume descending trend now that PA is retesting previous support => correction. Only thing to expect next is continuation of...
Analysis of #EURUSD Hi traders, today we will have a look at #EURUSD The EURUSD yesterday tried to break out to the upside only to fail and close back below the previous structure high, and not we can consider this a double top. now I expect the market to keep moving down as explained in my previous analysis to test its key market support level near 1.0100,...
A bearish outside candle has formed on the daily chart, which is part of a double top at the 1.0482 high. The candle also has a large upper which to suggest strong supply at those highs, and a bearish divergence has also formed on the RSI (14). We are now looking for prices to retrace towards 1.0200 as part of a countertrend move, near the 38.2% Fibonacci level.
Last corrective pump is being rejected by previous accumulation pivots and PA promptly printed yet another double top. PA already broke and retested ascending trend lines. My bearish bias still stands. I don't even think we're going to see new higher highs with this fake pump... I expect some sideways action and then dump.
TMUS onthe one hour chart has shown first a double bottom band touch ten days ago and then a double top band touch around Thanksgiving. The squeeze oscillator is shown a narrow volatility range over recent days. This is setting up for the volatility pop to make for a swing short with a stop loss above the upper Bollinger Band 5 put option for Friday Dec 2 @...
• SQ is doing an important reaction that could sustain a bullish thesis, however, there are some key points we must pay attention; • First, it must break the red line at $64.26, as this would trigger a bullish pivot point in the daily chart and frustrate the Double Top chart pattern in the 1h chart; • In this scenario, SQ could seek the $69 again; • However, if it...