Is US500 exhausting at resistance zone? As the price is been on high bull run but now it seems like price is lacking bullish momentum after printing double top pattern at resistance level and bearish divergence( on lower time frame) suggesting the sell pressure is about to start. If the bears took control , the 1st target could be 4840. What you guys think of it?
Hello Traders ! Yesterday, The AUDCHF Price Formed a Double TOP Pattern. Currently, The Neckline is Broken ! So, I Predict a Bearish Move📉 ------------- TARGET: 0.56650🎯
Overview Google ( NASDAQ:GOOGL ) is in the dangerous territory of a double top formation. I've discovered this same macro-pattern with a few other assets as well. In combination with a rise in long-term Treasury Yield Curve rates since December 2023, I think a rush of selling pressure could be around the corner. Technical Analysis Utilizing Fibonacci...
GBPUSD met the target and reached its "PRZ" as defined in the previous setup. Right from that PRZ point, a reversal has been created on RSI with a double top formation. Potential Reversal for short setup.
The S&P 500 E-mini Futures appear to be double topping at around 4,835 as the end of the trading week approaches, this could result in an end of week selloff that continues into next week. The range in which it could sell off to on an intraweek basis is pretty wide. I would generally target the 800 EMA at around $4,678
As We Talked in The Previous Analysis: On Thursday 11 January, The SPX500 Reached a Strong Resistance Level (4792.00 - 4817.20) The Price Formed a Double TOP Pattern. Currently, The Neckline is Broken ! So, I Expect a Bearish Move📉 TARGET: 4704.00🎯
Cardano failed to break the last high, and the resistance zone did its job well, preventing the price from growing further. With the return of the price, we see the formation of a double-top pattern. If the selling pressure is to the extent that it breaks the support area downwards and confirms the price pattern, we expect the price to experience the price area...
The double top is confirmed, now the pair is testing the broken neck. There is too much resistance above, It´s most likely to drop down to the next support level 1.997.
There is visible trend reversal and possible double top and restest EMA with good risk reward ratio for shorting, what do you think?
Hi Traders ! On Monday 08 January, The BTC Reached a Resistance Level (48240.00 - 47232.38). The Price Formed a Double TOP Pattern. Currently, -The Neckline is Broken. So, I Expect a Bearish Move 📉 ----------- TARGET: 42100.00🎯
Hello Everyone. double top 💲 Entry Point : 0.56984 🟢 TP 0.56348 🔴 SL 0.57301 Please support us with like & comment & Follow Disclaimer --------------- Trading is risky we all take loses your responsibility is to not take more than 1% to 2% loss per trade and double your profits.
The price of GBPAUD has formed a potential double top on the 4H Chart Additional confluences: - The pattern is happening at a strong reisstance range created from multiple previous low points in the price - The 2 tops are showing rejection from the 0.618 Fib level - The MACD has formed a bearish cross around the middle of the formation of the double top chart pattern
The first week of 2024 the US market opened around the high and closed around the low. It is very similar in 2022 and 2023. And what is the market telling us from the first week of 2024 and the direction for the rest of the year? We are going match the fundamental reason with this technical observation over the last two years. Also, what is the key...
GPBJPY showing alot of bearish evidence that it wants to move towards the downside GJ has rejected at major resistance multiple times now I'm waiting for a reaction
I bought a bunch of puts on this one. Market still on correction. Double top confirmed, testing the broken support and failing.
Hello Traders ! On The Daily Time Frame, The AUDCAD Reached a Resistance Level (0.90318 - 0.90567). The Price Formed a Double TOP Pattern. Currently, -The Neckline is Broken. -The Support Line is Broken. So, I Expect a Bearish Move 📉 ----------- TARGET: 0.89160🎯
Hello Traders ! On The Daily Time Frame, The NZDCAD Reached a Resistance Level (0.84250 - 0.83960). The Price Formed a Double TOP Pattern. Currently, -The Neckline is Broken. So, I Expect a Bearish Move 📉 ----------- TARGET: 0.83110🎯
Maybe, let's see how H4 and D1 plays out I wouldn't wanna see an H4 close above 44.5k