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Double Top or Bottom

COCHINSHIP :NSE TRENDLINE BO DTF/WTF POSITIONAL NEW Stock Analysis Trade Plan: Entry: 1580 50% of the total quantity at DTF Close, with an additional 50% added at 2130 DTF Close Price. Stop Loss: 1340 Target 1: 2100 Target 2: 3000 Hold for a period of 6 months to 1 year or until the target 2 is reached. Chart Pattern: The stock experienced A BULL RUN FOR 6MONTHS period to touch an all-time high (ATH) of 2999 . A CONSIDERABLE PULL BACK FOR A MONTH AND NOW Technical Indicators: The stock’s daily timeframe (DTF) shows that the price is trading TODAY above the 50-day exponential moving average (EMA) and the 50-day EMA above the 200DEMA. The EMAs are in Ascending sequence of alignment. A potential bullish trend in formation on the DTF/WTF timeframe. The 20 DMA has turned upwards starting a bullish reversal and is below the 200DMA indicating an Early Entry Volume Analysis: There has been a gradual drying up of volumes on the sell side. There is buying in the past 4 days above the 20VMA. Price Breakout has been done yesterday and retest today take entry as recommended in Trade Plan. Prioritize Watch List: Keep this stock in your watch list for further analysis and potential trading opportunities. Disclaimer: This information is solely for educational and reference purposes. Trading inherently carries risks, and it’s crucial to exercise caution and conduct comprehensive research before making any investment decisions. Make sure you have a well-defined risk appetite, proper position sizing, and a stop-loss order based on your risk tolerance. Review your Portfolio periodically. Exit positions when the price closes 7-8% below your entry point or Earlier basis your Risk profile. Consider re-entering the market when the trend reverses.Before engaging in any trading activities, it is paramount to thoroughly comprehend these technical analysis concepts and conduct extensive research on the stocks you are interested in. Furthermore, consulting a certified financial advisor can offer valuable insights and guidance before making investment decisions. Technical Analysis Concepts: Multiple Time Frame Analysis (MTFA): Daily Time Frame (DTF): Used for short-term analysis and identifying trends. Weekly Time Frame (WTF): Provides a broader perspective and helps in trend confirmation. Monthly Time Frame (MTF): Ideal for long-term analysis and trend analysis. All-Time High (ATH): The highest price reached on a specific chart. Lifetime High (LTH): The highest price reached over the entire chart’s history. Stop Loss (SL): A predetermined price level at which an investment is automatically exited to limit potential losses. Swing Trade: A trading strategy that involves holding positions for a significant period, typically few weeks to months. Positional Trade: A trading strategy that aims to capitalize on long-term trends and position oneself accordingly. CHART PATTERNS Rounding Bottom Cup/Handle (RBC&H): A pattern that signals a potential reversal from a downtrend. Breakout (BO): A price move closure above a resistance or below a support level. Flag & Pole BO: (F&P BO) Bullish Continuation Pattern Consolidation : Price Typically Swings between a Range for a period of Time Long or Short basis the MTFA. Breaking out of this range UPWARDS is an opportunity to BUY and DOWNWARDS is SELL opportunity. Moving Averages: Exponential Moving Average (EMA): A popular moving average that places more weight on recent price data. Volume-Weighted Moving Average (VWMA): A moving average that gives more weight to high-volume stocks. Fibonacci Retracement/Extension: Trend-based Fibonacci Retracement: Used to identify potential support and resistance levels during re-tracements. Trend-based Fibonacci Extension: Used to identify potential breakout levels during extensions.
NSE:COCHINSHIPLong
by billpramod
Ethereum: Falling Wedge, Double Bottom and MACD Divergence AlignA powerful bullish setup may be forming on ETH — but confirmation is everything. Watch how the falling wedge, double bottom, and MACD divergence align for one of the cleanest potential long opportunities. Ethereum is now shaping a potentially powerful reversal structure, combining a falling wedge, a possible double bottom, and bullish MACD divergence. The price has been moving inside a well-defined downward channel since the December highs, gradually compressing within this wedge — and from my experience in both trading and teaching, Ethereum loves falling wedges. This pattern has historically worked well for ETH in previous cycles. But it’s not enough to simply break out of the wedge. For the double bottom to fully confirm, price must also hold above the key ~$2,100 zone. Only then will all three factors — the wedge breakout, the double bottom confirmation, and the MACD bullish divergence — work together, aligning like a perfect constellation. I often say to my students: these moments are the trader’s “planetary alignment” — the rare setup where technicals support each other instead of contradicting. If ETH manages to clear and retest this zone successfully, the structure opens the way toward the next targets at $2,350, $2,555, and potentially $2,800, as marked on the chart. These levels reflect previous accumulation zones and key reaction areas. Another important factor is the correlation across markets. Bitcoin is also forming a double bottom, and we’re seeing a similar structure on the S&P 500. This potential synchronized movement between crypto and equities makes the setup even more interesting. Such alignment across assets doesn’t happen often — and when it does, it’s worth paying attention. The key now is not to jump the gun. A clean breakout without confirmation often leads to fake moves. What I’m watching closely is whether ETH can close and hold above $2,100. Only then this setup becomes truly valid, offering an attractive entry point with a well-defined risk. In my opinion, this is one of the most constructive technical scenarios we’ve seen on Ethereum in the past months. If the market confirms — the long opportunity here may come close to textbook perfection.
COINBASE:ETHUSDLong
by borschenkovitc
1
GBPAUD Retests Double Top NecklineGBPAUD has broken the key support level of a double top pattern. The price is now caught between two important zones: the neckline of the double top, which is now acting as resistance, and the former resistance zone at 2.0725–2.0775, which has turned into support. If this support fails, GBPAUD may continue toward the double top’s projected target near 2.04. However, if the neckline is reclaimed, the bearish setup would be invalidated.
Short
by ftdsystem
4/21 Gold Trading StrategyGood morning, everyone! A brand new week begins—wishing us smooth trades and great success ahead. Looking back to last Thursday, our gold short strategy hit the mark perfectly. Prices dropped nearly $60 as expected, and we captured around $45 in profit from that move. Overall, we secured over $200 in profit space last week—an excellent performance. Today, gold opened higher and continues to climb. Technically, bulls still have room to push higher, with 3360 as a key resistance level. However, judging by the current momentum, we may even see a test of 3400. That said, trading is about precision, not perfection. If prices approach 3380 and the upward momentum stalls, it may be time to watch for a pullback. On the other hand, if strength continues, holding some light long positions remains a relatively low-risk strategy. Trading Strategy for Today: 📉 Sell in the 3380–3410 range 📈 Buy in the 3307–3280 range 🔁 Flexible trades between 3360–3330 / 3272–3315
FOREXCOM:XAUUSDShort
by China_MsWang
TME Triple TopTME looks like a triple top. See reference image. I do believe we will return to the range between $5.50 - $10.50, and see a low in the 5-$6 range over the next several months. We can see a bearish divergence aligns with the three tops (RSI is decreasing for each of the three tops). As always, classical technical analysis patterns increase in probability when utilized on the longer timeframes. We can see this setup forming on the weekly-timeframe, which I believe significantly increases the reliability of this setup. Good luck, stay safe, have fun, and make money my friends.
NYSE:TMEShort
by VahadjiCapital