BTC has a double top and rising wedge playing out - we've confirmed the rising wedge breakout but still waiting on the double top. We also have the MACD rolling over as confirmation of a change in trend. Then there's a rising wedge on the RSI that we've broken out of. I expect BTC to settle somewhere around 45k. Also - because the RSI has a falling wedge still in...
Hello and welcome back everyone, I hope you guys doing great. Sand has been very popular lately, so I decided to write a complete analysis for you guys based on technical analysis, few days ago I also gave you guys a trade idea. with less being said, lets get into it; looking at 2h timeframe chart, you can see that price has bounced off of the green trendline 2...
DAILY : Currently in a broad bear trend channel, roughly in the middle of the clouds and trying to hold above on a daily basis above the Tenkan-Sen or Conversion line @ 56'463. BTCUSD remains under selling pressure and for the time being we saw, over the last couple of sessions, successive failures to recover, firstly above the Mid Bollinger Band, which, as...
The red line shows a lower high followed by a subsequent decline which is approaching the neckline of a double bottom formation. If the neckline (dotted yellow) breaks then the theory goes that the decline should be equal to the distance between the peak and trough of the high and the neckline, as labelled on the chart by the profit target. The decline could...
ETH reversed at the PCZ of the ABCD once before and now is looking for a second top confirmation in the case that eth gets rejected here i expect a big pullback to $2600
Spotted a double top on the 1h chart of NZDJPY with a pullback to the neckline. I went short on the evening star that touched the neck.
NSE:M_M is forming a classic double top in daily timeframe. It hasn't broken down yet when/if it does, it may pull the prices down to near 700 levels. Keep an eye!
We are going on a cruise at an interesting price. A double top is drawn on a monthly timeframe. I think it's easy to get to 53. Purple - limit orders. Green - take profits.
Welcome traders, in the previous idea we had a suggested DB pattern on this pair but it didn't complete ;so after re-analysis a Double top was in play and the target has been achieved successfully last week. Now as we can see the price has made a deep correction to the neckline of the iH&S pattern retesting it & the broken descending channel , We can look for...
On the Daily and 4-Hourly Chart, the EURUSD has displayed a Bearish Trend and on the 1-Hourly, an Uptrend. This is my prefered setup as I could potentially sell at the High and exit when the price went lower. I'm waiting for a retest at 1.1322 or preferably a Double Top with an RSI Divergence to engage the trade.
Double Top formation and completion The question is where does price go from here? Price may recover along the 1/1 Gann line, which has previously been a resistance area for price Or it may recover at the red line plotted which has been a strong pivot point for price Its all based on the strength of the double top
DAILY : The BTCUSD is not out of the woods yet; indeed, recent and current price action is still in the clouds currently traded around the important pivot level of 57'500 (double top trigger level !) Despite a recovery attempt seen yesterday which trigger an upside move towards an intraday high of 59'476 (rejected by the top clouds resistance...once again...
DAILY PICTURE : 57'500 which is the double top trigger level should still be seen as a KEY PIVOT LEVE L for further development. In addition, slightly below this level we can see the Tenkan-Sen or Conversion line, currently 57'368. As already mentioned, a daily closing below both levels mentioned would add further selling pressure and put the focus to...
Shorting opportunity in EURJPY , classical entry with retest
Spotted a double top on the 1h chart of EURUSD. We just broke the neckline and I went short.
As expected, yesterday's small recovery has been short lived !!! Indeed, RSI bearish divergence on H1, triggered a corrective move only, pushing up the BTCUSD towards an intraday high of 57'882, missing to breakout the clouds resistance area on this time frame... (magical clouds :-)...) In addition, recent price action triggered an other bearish signal : the...
Description WMT double rejection off 152 along with converging MACD looking bearish. This is a re-entry from a related idea. Using A put debit spread, because profits are always limited by time. Put Debit Spread Levels on Chart SL > 152 *Stops based off underlying stock price, not mark to market loss The Trade BUY 11/26 149P SELL 11/26 135P R/R &...
double tops is completed. price drooped and now I guess is the best time to buy RRR >2.5