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
Last daily closing level @ 56'353 which means below the double top trigger level @ 57'500; this should be seen as the first warning validation signal of this double top formation, calling for a technical target @ 46'000. Once again the clouds worked perfectly well as you can see on this daily chart in rejecting, yesterday, an upside breakout attempt @ 59'580...
Already Breakout Done Wait for Some Retracement you can switch this into a daily time Frame to get more Trading Opportunities!
This is Now froms Double Tops wait for a Breakout and Retest
A double top is forming on the $SPY as momentum is falling out of the market. The clear trend to the upside has been touching closer to this trend line and not re-bounding as much as previously. I see a pullback coming before a continuous push to the upside.
Hello! As you can see from the 4H time-frame a clear rejection at R1 and R2 gave multiple rejection, when considering the Double Top chart pattern, this setup fits 85%. I am looking forward to the S area.