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
As shown in the chart the key point is green , stop loss as mentioned the red line *** It's just an analysis of chart not a financial advice***
📊The EURUSD has experienced a significant drop and is currently trading within a falling wedge pattern on the 4-hour chart. This suggests a bearish market sentiment. However, the price has formed a double bottom pattern when it reached the support line of the wedge, indicating a potential bullish signal. The neckline of the double bottom pattern aligns...
I know it's very annoying to trade with silver in these days, but price is at the bottom right now. Silver is oversold and undervalued. Price in Falling Wedge Pattern and if the price exceeds 23.20 with volume, there will be a breakout. There is a Double Bottom Pattern on Chart which means bulls are powerful in 22.5 area. So there is only one way from here. I...
Well, those last two rallies were short lived. We just completely the good ol McBear pattern for a double top primed to break down. My target is the $14.5 - $16 dollar range
It looks a perfect head and shoulders is to play out. We are at breaking or confriming point. Let's wait and see.
Double bottom and broken neck. I like this stock because is very volatile, cheap and technical. You don't need too much money here to make money. Yo can almost double your position in a few weeks. Price may pull back to test the broke resistance now support but will happen fast if it happens. Use limit orders for TP and wait for a daily candle to close for SL due...
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
OANDA:USDJPY Up trend , support zona , Pattern BLACKHOLE.UZ
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...