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Double Top or Bottom

XAUUSD (12H) – Bulls Driving Momentum, Testing Supply |ATHFOREXCOM:XAUUSD Structure | Trend | Key Reaction Zones Gold has completed multiple liquidity sweeps, defended key demand zones, and now surged into 3,531 supply resistance. Bulls are in control, but the next move depends on rejection or breakout confirmation. Market Overview After weeks of sideways trading and repeated liquidity grabs, XAUUSD has shown strong buyer dominance with demand zones around 3,314 – 3,393 holding firm. Current bullish impulse is testing overhead supply at 3,531. This zone will decide if momentum continues or if a pullback occurs. Key Scenarios ✅ Bullish Case 🚀 → 🎯 Target 1: 3,580 🎯 Target 2: 3,620 🎯 Extended: 3,700+ ❌ Bearish Case 📉 → 🎯 Downside Target 1: 3,437 🎯 Downside Target 2: 3,393 🎯 Extended: 3,314 – 3,126 Current Levels to Watch Resistance 🔴: 3,531 – 3,580 Support 🟢: 3,437 – 3,393 – 3,314 ⚠️ Disclaimer: This analysis is for educational purposes only. Not financial advice.
FOREXCOM:XAUUSD
by PEAKALPHAFXMARKETS
AVAX on Thin Ice: Is a Major Breakdown About to Start?Yello Paradisers, are you seeing what’s happening on AVAX right now? The chart is flashing multiple warning signals that could trigger a heavy downside move if bulls don’t step in quickly. 💎 Currently, AVAXUSDT has formed a clear double top pattern, backed by bearish divergences across RSI, MACD, and Stoch RSI. When all three indicators align in this way, the probability of a bearish continuation increases significantly, and ignoring these signals could prove costly. 💎 For aggressive traders, even entering from the current levels could still offer a decent 1:1 risk-to-reward ratio. However, for those taking a safer and more disciplined approach, it is far better to wait for a pullback into resistance and then watch for a bearish candlestick confirmation before committing. This method not only increases the probability of success but also improves the overall risk-to-reward setup. 💎 That being said, there is one clear invalidation point. If price breaks out and closes above the resistance zone, the bearish outlook will be completely canceled. In that case, the smarter move is to remain patient and wait for new price action to form rather than forcing a trade. 🎖Remember, Paradisers, patience and discipline always pay off in the long run. Chasing every setup is what gamblers do—waiting only for the highest probability confirmations is what separates true professionals from the crowd. MyCryptoParadise iFeel the success🌴
Short
by MyCryptoParadise
3
EURUSD (1H) – Rising Channel, Bullish Structure HoldingFOREXCOM:EURUSD Structure | Trend | Key Reaction Zones EURUSD is respecting a rising channel with consistent HHs and HLs. Price is currently above 1.1693 key support, testing the mid-level of the channel. Market Overview The pair is building a bullish structure with higher lows and strong impulsive moves from the 1.1629 demand zone. As long as price holds above the 1.1693 key support, momentum favors upside continuation toward 1.1742. A break below 1.1693 would weaken the bullish bias and open room for a corrective pullback toward lower supports. Key Scenarios ✅ Bullish Case 🚀 → 🎯 Target 1: 1.1720 🎯 Target 2: 1.1742 (Major Resistance) ❌ Bearish Case 📉 → 🎯 Downside Target 1: 1.1682 🎯 Downside Target 2: 1.1666 Current Levels to Watch Resistance 🔴: 1.1720 → 1.1742 Support 🟢: 1.1693 → 1.1682 ⚠️ Disclaimer: This analysis is for educational purposes only. Not financial advice.
Long
by PEAKALPHAFXMARKETS
Looking for Zuari's Golden Zone - Fib RetracementZuari's fib retracement on the daily chart on the run up from 200 to 390 shows a clear pullback to 38.2% followed by a failed attempt to break 100% in a seeming double top formation around 390, invalidating immediate bullish momentum. Daily Macd and RSI look weak with bearish divergences forming against PA, denoted with green brush lines showing both indicators with lower highs against price's equal high. A retest of the golden zone (61.8% to 78.6%) puts us between roughly 240 and 275, which should offer a high probability zone for accumulation and eventually a bounce. Look out for confluences of major fib levels with 1d 50ma, 99ma and 200ma. 61.8% also has a horizontal confluence with the Dec 3rd peak, and 78.6% has horizontal confluence with April 24th peak, also potentially infleuntial to support levels.
NSE:ZUARI
by Crabdabs
1
ITC at strong support zone. A good opportunity for accumulation.ITC Chart Update (Weekly & 4H Timeframe) On the weekly chart, ITC is moving within a well-defined parallel channel, with immediate support in the 385–400 zone. A breakdown below this zone could take the stock towards the next strong support near 300. On the 4-hour chart, ITC is forming a falling channel, with support also placed around the 390–400 zone. If this level holds, we may witness a potential upside move in ITC. Conclusion: The 390–400 zone will play a decisive role. Sustaining above it may trigger an upward move, while a breakdown could extend weakness towards lower levels.
NSE:ITCLong
by FiveCircles
BTCUSD – Bearish Trend ? Hello traders! Let’s take a closer look at BITSTAMP:BTCUSD ! Recently, we’re seeing clear signs of a potential reversal after BTCUSD formed a double top pattern, and the EMA 34 and EMA 89 have crossed each other. Breaking the support level around the previous key zone has strengthened the bearish momentum, potentially triggering a further decline towards the next support level near 103,500 USD. However, I’m also watching for possible reversal signals at these support levels. If BTCUSD holds above 103,500 USD and forms a higher low, we may see the bulls make a comeback. 🔴 Key Levels to Watch: Resistance: 114,000 USD Support: 103,500 USD EMA Crossover: Strong Bearish Signal Stay alert and be ready for potential market shifts! Will the bulls step in at 103,500 USD? Or will the bears continue to dominate? Let me know your thoughts and happy trading!
BITSTAMP:BTCUSD
by Kevinn_Nguyen
19
PLTR's W-Pattern: Is 165 the Gateway to 185? Bullish Reversal Pattern: PLTR has recently formed a clear 'W' shaped bottoming pattern, with its two lows consolidating around the Good Support 145 level (which aligns with the 61.8% Fibonacci retracement). This pattern is generally considered a strong bullish reversal signal after a prior downtrend from the peak near 190. Key Breakout Level: The critical level to confirm the 'W' pattern breakout and initiate a long position is a decisive break and sustained close above the Resistance 165 zone. This level acts as the neckline of the 'W' pattern, and overcoming it would suggest strong bullish conviction. Support Confirmation: The repeated bounces off the Good Support 145 level during the 'W' formation indicate its significance as a strong demand zone. This provides a good foundation for the potential upward move, with Strong Support 125 serving as a deeper, more robust safety net if market conditions deteriorate. Upside Target: Upon a successful breakout above Resistance 165, the chart clearly identifies Target 185 as the next significant upside objective. This level aligns with a previous area of price congestion and could be the initial profit-taking zone for a confirmed move higher. Disclaimer: The information provided in this chart is for educational and informational purposes only and should not be considered as investment advice. Trading and investing involve substantial risk and are not suitable for every investor. You should carefully consider your financial situation and consult with a financial advisor before making any investment decisions. The creator of this chart does not guarantee any specific outcome or profit and is not responsible for any losses incurred as a result of using this information. Past performance is not indicative of future results. Use this information at your own risk. This chart has been created for my own improvement in Trading and Investment Analysis. Please do your own analysis before any investments.
NASDAQ:PLTRLong
by ManiMarkets
EURNZD Eyes 1.99 — Technical & Fundamental Bulls AlignedToday, I want to analyze EURNZD ( OANDA:EURNZD ) for you, which is in good shape both technically and fundamentally . Please stay with me. EURNZD is moving close to the Support zone(1.88750 NZD-1.7970 NZD) and 100_SMA(Daily) and has managed to form a Double Bottom Pattern . From the perspective of Elliott Wave theory , EURNZD seems to have completed the main wave 4 , and we should wait for the main wave 5 . The main wave 5 could complete at the Heavy Resistance zone(2.120 NZD-1.9927 NZD) . ----------------------------------- EURNZD – Fundamental Analysis: The EURNZD pair currently reflects a divergence between two very different economic outlooks. Eurozone (EUR): The European Central Bank (ECB) has recently begun cutting interest rates to support slowing economic activity, especially in the industrial and manufacturing sectors. Despite this dovish shift, inflation remains relatively under control, and the euro has held up well against riskier currencies thanks to global uncertainty and safe-haven flows. New Zealand (NZD): New Zealand's economy is under pressure. The latest GDP figures confirmed a weak growth outlook, and signs of a technical recession are mounting. While the Reserve Bank of New Zealand (RBNZ) has maintained a relatively hawkish tone, it faces a dilemma: inflation is sticky, but domestic demand and housing remain fragile. The RBNZ may be forced to soften its stance sooner than expected. Outlook: This fundamental backdrop supports a bullish bias for EURNZD. The euro’s relative stability versus the increasingly vulnerable New Zealand dollar makes this pair attractive for long positions — especially if upcoming NZ data disappoints or global risk sentiment weakens further. ----------------------------------- Based on the above explanation, I expect EURNZD to rise to at least 1.9917 NZD . Note: Stop Loss(SL): 1.8779 NZD Please respect each other's ideas and express them politely if you agree or disagree. Euro/New Zealand Dollar Analyze (EURNZD), Daily time frame. Be sure to follow the updated ideas. Do not forget to put a Stop loss for your positions (For every position you want to open). Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Long
by pejman_zwin
1
8/26: Double Top Pattern, Focus on ShortsGood morning, everyone! Gold rebounded from around 3359 yesterday, but the current pattern shows signs of a double top — suggesting the risk of a larger pullback today. 📌 Support: First watch 3352–3348, then 3343–3337. 📌 Resistance: 3358–3366. If price fails to break above this zone, a second leg lower is likely, with potential tests of the secondary support. When trading, avoid greed — especially near key support and resistance levels. If your account is under pressure, it’s safer to stay patient and wait for clearer signals before entering, reducing risk and improving success rates. If you need guidance, feel free to reach out.
FOREXCOM:XAUUSDShort
by China_MsWang
BTC/USDT – Monthly Bearish Outlook | Evergrande Risk LoomsBTC/USDT remains vulnerable on the monthly chart, with Fibonacci analysis pointing toward a likely retracement to the 0.618 zone, and this technical setup aligns with broader macro weakness tied to China’s Evergrande crisis. Once the country’s second-largest property developer, Evergrande’s $300B debt default in 2021 triggered global risk-off waves that coincided with Bitcoin’s sharp decline from its highs, showing crypto’s sensitivity to liquidity shocks. Today, as Evergrande moves through liquidation and China’s property sector remains fragile, global investors continue to retreat from risk assets, and crypto—despite its decentralized nature—still behaves like a high-beta market. This combination of tightening liquidity, weak sentiment, and historical parallels reinforces a bearish outlook for BTC in the near term.
Short
by robinhoood