The S&P 500 E-mini Futures appear to be double topping at around 4,835 as the end of the trading week approaches, this could result in an end of week selloff that continues into next week. The range in which it could sell off to on an intraweek basis is pretty wide. I would generally target the 800 EMA at around $4,678
Over the past few days, NSE:BANKNIFTY has been exhibiting a downtrend, indicating a bearish sentiment in the market. However, a notable development is the formation of a double bottom structure, which could potentially signal a reversal in the current trend. The double bottom pattern is a bullish reversal pattern that typically occurs after a prolonged...
Bitcoin Cash was in a falling wedge for nearly five and a half years before it broke out of it back in June of 2023. Presently, it is re-testing the top of a dashed-line wedge drawn from wick to wick and has failed to reach the top of the solid wedge drawn from the line chart. Holding above the wedge could lead to an approx 5.25x move against Bitcoin from its...
The EURUSD on a 4H chart shows a drop down to a strong support range (Orange range) which aligns with the 0.618 Fib. Around those levels, the price started forming a potential double bottom. For the pattern to be valid, the price needs to go up without dropping below the low points and produce an effective breakout above the neckline range ( Blue range...
Nifty Daily chart is looking scary and nifty can touch 21000 or 20500 levels in coming days .
AmaraRaja Seen Double Top and target is done and reversal happened from the Target. Not it will fall till 760 as First Target
I am expecting a long-ranging trade based on the current daily support level. If we look at the 1-hour chart, a double bottom pattern is visible, and its neckline has already been broken above. Now, a retest is happening. ENTRY 22.61 STOP LOSS 22.47 TARGETS 22.75 & 22.86
Nio is poised for a long-term investment. Two of the most dependable indicators have been confirmed almost simultaneously. Combined with a Williams Percent Range of -96, this makes a strong case for a high-risk, high-reward opportunity. Target 1 and Target 2 pointed out. $NYSE: NIO All the best.
As We Talked in The Previous Analysis: On Thursday 11 January, The SPX500 Reached a Strong Resistance Level (4792.00 - 4817.20) The Price Formed a Double TOP Pattern. Currently, The Neckline is Broken ! So, I Expect a Bearish Move📉 TARGET: 4704.00🎯
On week chart ENS has been creating Double Bottom and moving up to break #Neckline Wait for a breakout and retest to confirm for this pattern The target around 17.5 Time will tell
BINANCE:TRXUSDT has formed a double bottom after showing bullish divergence on the RSI. Expecting price to continue the bullish momentum!
I am anticipating a long-ranging trade from the current daily support. When you look at the 1-hour chart, there's a double bottom pattern, and there's a trend line that acts as the vertical resistance for the market on hourly charts. Now, if the double bottom pattern and the trend break upward, we'll take a buy trade. Entry 2025.80 Stop loss 2013.97 Targets...
Double-Top. LOTS of Institutional Sellers... Classic Sell pattern...
The market trend is bullish on daily charts, and we're currently at a key horizontal support. The daily candle shows rejection, and examining the one-hour chart reveals a formed double bottom pattern with a broken neckline above. An additional confirmation is a trend line that, when touched previously, caused downward movement; now it has broken above. So, with a...
Cardano failed to break the last high, and the resistance zone did its job well, preventing the price from growing further. With the return of the price, we see the formation of a double-top pattern. If the selling pressure is to the extent that it breaks the support area downwards and confirms the price pattern, we expect the price to experience the price area...
If either a double top or the right shoulder forms, time to go short!
I'm anticipating a short-ranging trade based on the current market price at daily resistance. Upon examining the one-hour chart, I identified a double top pattern. Its neckline has already broken below. Now, we'll trade on the retest. ENTRY 23.11 STOP LOSS 23.62 TARGET 22.52
I'm anticipating a trend-following trade based on the current price at daily support. Analyzing the one-hour chart, I observe a double bottom pattern. First, wait for the neckline break, then enter the trade after the breakout. Finally, trade on the neckline retest. Entry 96.77 Stop loss 96.45 Targets 97.17 , 97.40 & 97.74