Afer big move yesterday during Asian session, a bit of accumulation on London and continuing to drop on New York, we saw how Asia again went to add more orders to their positions, but failing to break lows during London, gives me an insight that price might be loosing its downward pressure. Looking at HTF we can see a double top, that tells me there's liquidity...
CADCHF nicely retraced from a key horizontal resistance. The price formed a double top and was nicely rejected, violating a neckline of the pattern. We can expect a bearish movement to 0.643 support. ❤️Please, support my work with like, thank you!❤️
This short-term double bottom chart pattern has formed on the H4 chart of EUR/USD following a clear downtrend. I will use this formation as a potential bullish entry. The two bottoms are marked on the chart. The neckline is marked with the upper yellow line. My potential entry level is at the cyan line. My potential take-profit level is at the green line. A...
Hello Traders, welcome to today's analysis of Alibaba. -------- Explanation of my video analysis: Starting in 2016 Alibaba created a pretty obvious higher timeframe bullish reversal which was followed by a crazy bullrun on Alibaba stock. In 2021 Alibaba broke below a major bullish trendline and dropped more than -70%. If we see another bullish reversal at the...
WTI Crude Oil formed a double top pattern after a test of a strong horizontal resistance. Its neckline breakout is a strong bearish confirmation. We can anticipate a retracement at least to 73.0 level now. ❤️Please, support my work with like, thank you!❤️
So we have identified what should be a live and confirmed reversal on UJ. A simple Double Top and then the confirmed reversal with the break and close below the V neck of the original Double Top. The should now move into more of a Trend Continuation opportunity now that we have broken and closed beyond the previous structure. Lets see how it plays out.
AMEX:FXI , China Large Cap ETF, shows a Double Bottom pattern. Wait for a breakout of the parallel downtrend or a stop below the double bottom. CHINA IS PLANNING A STOCK MARKET RESCUE PACKAGE BACKED BY $278 BILLION DOLLARS.
Here I have USD/CAD on the 1 HR Chart! Price has outlined a very clear Double Bottom pattern with the two Lows! RSI is giving us a Bullish Divergence which tells me price really wants to work higher from this point! Price has now broken the Confirmation of Pattern! With this PA of now Higher Highs, we look for the next Low to be Higher than the Low of the...
RNDR shows multiple bullish signs on the 4H time frame. The Redk Everex indicator shows oversold. The price bounces up from the green support level. It shows a Double Bottom pattern what can make the price increase on the short term to the upper Bollinger band or red resistance level between 7-12%. But the longer term look good as well. The price may find a short...
ICP shows on the 4H time frame a Double Bottom pattern. The Redk Everex indicator show very bullish and the current candle shows a bullish engulfing candle. ICP can probably increase with 45% up to $16. Depending on the sentiment ICP can increase even further, because after a Double bottom a price tends to increase further normally.
FIL shows a bullish signal on the 4H time frame with the Redk Everex indicator. Which means that the price is oversold and ready to make a bounce back up. According to the AI tradingview indicator FIL moves in a Double Bottom pattern and is able to go back to $8 which is approx. 50% from current price.
Looking at the current daily/4hr setup, it appears that we could have reached a double top or megaphone pattern. The megaphone pattern usually indicates a large move up or down upon breaking out of the pattern. Food for thought on a play once broken out. Also have a negative divergence on the MACD for the double top.
The daily charts show a bullish trend. I am considering a trend-following buy trade based on the current daily support. Upon analyzing the 1-hour chart, I observe a double bottom pattern and an additional confirmation is provided by a trend line. Whenever the market touched this trend line as resistance on an hourly basis, it resulted in a downward movement. Now,...
I am expecting a short trend-following trade from the vertical resistance where the market currently stands. If we analyze the 1-hour chart, a double top has formed, and its neckline has broken below. Now, we will enter the trade on the retest. entry 2024.97 stop loss 2042.15 take profit 2004.90
Double Bottom Oversold Stoch RSI. The technical analysis indicates a Double Bottom pattern along with an Oversold condition in the Stochastic RSI. This combination suggests a potential reversal or a bullish momentum in the market. The Double Bottom pattern is characterized by two consecutive troughs at approximately the same price level, indicating a possible...
Hello guys, this is my idea about EURUSD 4H TF. There is a buy potential for EURUSD because there is a resistance area, trendline, and double bottom. If all of them break it is a buy opportunity. I set my Order Block area there too.
W pattern breakout on monthly timeframe with good volume. Also volume is above average from past few months so seems like people are entering and showing interest.
NASDAQ:MARA (Marathon Digital) is holding the double bottom support. Mara needs to close above the green line, and bullish consolidation is required. Stochastic RSI is oversold, and the parallel downtrend needs to be broken. The stop-out point is on a close below the grey line