HTF - Structures received a false BO and formed a double top pattern and moved impulsively to the downside. LTF - Market currently stuck in a correction continuation pattern, further bearish momentum expected, however, it is reaching the bottom of the HTF ascending channel, so further precautions should be taken if price impulsively moves up.
It seems that AAPL may be forming a double top on the daily chart and we could see this come down towards 165 to test support. If we drop below there we could even see the low 150’s soon.
OANDA:XAGUSD In the last 16 trading sessions, silver has not been able to recover above the support formed at 23.02 in November. Currently forming a technical double top on a 120m time frame that will only be confirmed after a violation below the most recent support. Once and IF confirmed, the drop in silver could help form a " right shoulder " to a higher...
Well, wel... We'll see soon ? Well, well... I prepare my invest for all once time break the neckline.. And well, well the target will be 20/25k...
Been watching this pair closely over the past few weeks as it trends in a nice manner, reached what could be a fake top or a reversal. While we do have a prominent double top formation, I am not overly confident in it to swing the direction of the pair. Keep an eye on a entry point to continue to the upside, I think this channel will be a great entry...
Good morning. fellow traders. welcome to a new week GU has created a huge double top on the four hour time frame. i expect GU to correct or retrace back to the neckline for a valid sell position. confluences for this trade include Market Structure 50% Fib retracement level Psychological level 1.37000
My bias for the upcoming move is bearish. Weekly -If you take a look at the weekly you will notice that price met resistance and formed a shooting star candle stick pattern. (this is a clear sign that a reversal is near.) -Price then proceeded to make a nice bearish push the following week. Then the previous that just ended was a retracement. Now price is ready...
The price reached the previous highs. It created a double top and crossed the uptrend line. Also RSI reacted to the overbought and started to 'look' downwards. Great potential here for positions that will stay open for a few days or maybe couple of week in order to be profitable.
EURUSD on the 4-hourly chart has an Ascending Triangle. On the 1-hourly chart, there is a double top and you can wait for the market to retrace back to 1.1451 for a shorting opportunity. The first target will be at its immediate low at 1.1402 and the second target will be shared with the inner-circle.
This stock has recently formed a double top pattern, which is a bearish sign, and also near mediun of depth of same pattern, so if it brokes 3600 levels than we can say that another doors have been opened towards south direction, or we can say towards previous swing lows near 3312. One can go short only below 3600 levels with stop loss of hourly closing above...
Double top GBP/USD on 2h time frame target: 1.36680
Netflix - Intraday - We look to Sell at 642 (stop at 665.4) Selling pressure dominated price action yesterday and we expect this to continue today. Posted a Double Top formation. The continuation lower in prices through support has been impressive with strong momentum and shows no signs of slowing. As this corrective sequence continues we look to set shorts on...
We can see a double top formation on the GBPUSD 1H chart. While the overall trend recently has been bullish, looking at the daily chart we can potentially see this as a pullback before retesting the lows and demand for the GBP. Keep an eye out to see if it can break the 1.35800 price, if we fall below that, I will be looking to short it to the demand zone,...
Big moves at this 4hr resistance zone. Now price is back with a double top & a possible short-setup depending on candle play. What are your thoughts?
Hi everyone! Weekly Daily and 4H all looking red " BTCUSDT BTC is currently looking bearish currently battling to stay up from this support level $40K , If failing to hold this support we might see it going back down to $30k-$35K Unfortunately, most of the indicators showing red flags with bearish trends and from my personal point of view " Any open long...
Cosmos (ATOM) Sell Zone -------------------- BIAS Short-Term : Bearish Mid-Term : Neutral Risk : High On 4 hours timeframe, Cosmos has formed a short term double top and currently on trendline which means we’ll wait for a breakdown before entering a trade. -------------------- $ATOM/USDT SHORT SETUP Leverage : x1 - x3 Entry Price : 36.5 - 37.9 TP 1 : 35.5 ...
Compare to EURUSD, the GBPUSD Bearish Deep Gartley Pattern isn't as promising. There are 2 reasons for that: 1) The candle break and close above Point D, the PRZ. 2) Point BC has a violation. You can DM me on the reason for the violation and I let you know if you are on the right track. However, if you are a 4-hourly chart trader, you can wait for candle...
Bitcoin is about to form a Double Top formation. If the neckline breaks below then we will confirm a long term bear market. The continuation of the bull market will be confirmed vice versa.