I expect CHZ to retest the 1.618 Fibonacci level which was the summer low. We have a strong weekly bearish divergence along with a Wave 5 Elliott Wave top. I entered a short earlier today, so I’m able to play this out comfortably. As always, I will ladder more into my position and be ready for any move. This chart based off of The Elliot Wave Theory, Fibonacci,...
What we can see in the chart is a double top formation. The price broke already below the neckline, however the target has not been reached yet. The price bounced back up and is getting rejected from the previous support. Therefore we are expecting the price to continue the downtrend and reach the target from the double top formation.
Showing double bottom structures that can be seen across the board, with Bitcoin being in yellow. Its interesting because these altcoins are heavily following BTC which in the past hasn't always been the case. I have listed three for example however there are definitely many more I have came across. I wonder how the bullish reversal (consequent of double bottom)...
UJ is sitting at a key demand zone. We may see a double bottom materialize and revisit market structure.
Price already break the support area and still waiting for confirmation from the price to change of character or break of the structure. Always remember to took your money management !!!!
I spotted 2 breakouts on GBPAUD on a daily time frame: first, the price broke and closed below a rising trend line and violated a horizontal key level then. The underlined blue area on a chart is a potential reversal zone. I will expect a bearish move from that. Goals: 1.7414 / 1.7266 ❤️If you have any questions, please, ask me in the comment...
GodrejProp CMP 1258 We can see that my trend has turned bullish also candles also turned bullish As long as we hold 1190 levels (red line) I am expecting it to touch 1675 levels (green line) Vedang :) Chart is for study purpose only!!!
*Aditya Birla Capital* Time Frame: Daily Observation: * Double bottoms formation * Swing High Break Resistance/Target: 129 139 151 159 Support: 108 103
On the 1D time frame we can see a nice double bottom pattern. Expecting a bullish month.
break the resistance cut sell and continue buy set sl 30pips
Volatiliy is currently at a peak, and will reverse its course and revert to the mean in given time..
Just updating my idea on the adam and eve breakout for JUV. So far it has brokeout and backtested previous resistance and is now oversold on the daily stochastic rsi. It broke out of a falling wedge and the volume is declining. Macd about to cross bullish. Could raise the stop loss to cut losses or keep profits.
ETHW sits at a Support Zone and above the .0.236 from High to Low at the PCZ of a Bullish Shark. It is bottoming out for the second time while showing extreme amounts of Bullish Divergence on the second Bottom. If this plays out i think it can atleast rise up to the .886 from here.
Gold is rising and rising in one day by 530 points, and I expect that the buying movement will be strong in the middle of next week. Although the Fed raised the interest rate on the US dollar by 4%, but a day later gold shone towards the 1680. Monday will be full of corrections, including a correction for gold that may reach 1668 or around it, less or more, but...
Hey traders, The entire week, we were patiently waiting for a test of a major rising trend line on USDCHF. Once it was reached, the price formed a double top formation on 1H time frame. The entry signal was a breakout of its neckline. The position was opened on a retest. The price dropped sharply then. 150 pips of pure profit made! ❤️If you have any...
Weekly Chart Wedge Double bottom First low 1067 second low 10.65 I have alert at 17.15$ Weekli chart Volume above average Elliott Oscillator Green CCI Green Cons : Stochastic not > 79 No bar on top Close not near top last 2 weeks
$avax is giving a double bottom just on the support of the previous ATL which was a double bottom as well. Looks like a textbook reversal. Good luck. Look at my previous takes on the market and see how we did.
• BTC hit the target we mentioned yesterday, as it triggered our Double Bottom chart pattern. The link to my previous analysis is in the link below this post; • Now, BTC shows some exhaustion, but it is still bullish in the short/mid-term, as it is doing higher highs/lows and it is above its 21 ema; • There’s no clear bearish top sign yet, and BTC would only...