The price of GBPAUD has formed a potential double top on the 4H Chart Additional confluences: - The pattern is happening at a strong reisstance range created from multiple previous low points in the price - The 2 tops are showing rejection from the 0.618 Fib level - The MACD has formed a bearish cross around the middle of the formation of the double top chart pattern
The final acceleration of Bitcoin and the end of the upward trend. The beginning of the downward trend
1. In April’23 & May’23 Stock took support of a long term trend line on monthly chart . (this can be considered as end of wave 4 on monthly chart). 2. Also we can see Reverse Divergence (Bullish) between Lows of March’20 and April 23 as Price was making Higher Low and MACD was making Lower Low. 3. May 23 can be considered start of 5th wave. 4. Going deep in to...
OANDA:GBPUSD : Downtrend, the price has reached the resistance zone, the trend line has been drawn to 2 max from the global trend, now if the price breaks inside the channel and retests, a sell deal can be opened.
"I'm anticipating a short trend-following trade based on the current daily resistance level. On the 4-hour chart, I've identified a double top trading pattern along with a trendline that previously served as market support. Now, both the double top neckline and the trendline coincide and have broken below. Currently, we are witnessing a retest in our neckline...
Have you seen that major resistance on AUDNZD. After its test, the price formed a double top pattern and was strong rejected. We can anticipate a retracement from the underlined area at least to 1.073 level. ❤️Please, support my work with like, thank you!❤️
The first week of 2024 the US market opened around the high and closed around the low. It is very similar in 2022 and 2023. And what is the market telling us from the first week of 2024 and the direction for the rest of the year? We are going match the fundamental reason with this technical observation over the last two years. Also, what is the key...
FX:GBPJPY can be seen bouncing off the daily zone for the 3rd time. Will this trigger a bearish move? My opinion, if the most recent low (@183.107) is broken and retested then I'd go in for a short but until then, keeping my fingers crossed #GBPJPY Do your due diligence, past results does not guarantee future results
Looking at the chart, we've just formed a high timeframe double top. Unless price can break resistance and confirm it as support, price is heading down. Based on the structure of the chart, if the midline gets broken at $18, the target of the move should be sub $10. Hitting the lower supports around $6-7. If we get down there, that should setup a great...
Perhaps premature but a head and shoulders and a double top and we're over-sold - will we revisit 4550?
An update for my last copper theory based off trade pattern From 2016 till this day copper has formed a double bottom on such a large scale that makes it hard to miss. 2022 - 2023 looks to be the pullback phase back to the neckline, at liquidity (S/D). 2024 will be the year of the rally (expansion) seeing price action head towards $4.6, and then causing a...
GPBJPY showing alot of bearish evidence that it wants to move towards the downside GJ has rejected at major resistance multiple times now I'm waiting for a reaction
JP225 Down. Double Top wth a Bull Trap. 5x move if it goes.
EURAUD Up. Double Bottom with lower vertex. So called Bear Trap. 5 x move if it goes.
Subject: NVDA - Upcoming Convergence In my opinion, NVDA is setting up for a notable move after upcoming convergence on or around the new year. This is evidenced by a few underlying factors. The recent drop (12/20) was simply a mild sell off to capitalize on the large impulsive move that began around 10/31/23. I believe we see another retest of historical...
Johnny Seville here with your daily dose of Smart Money Trading insights. Today, we're dissecting the S&P situation – specifically, the potential short-term head and shoulder pattern that's been developing. Intriguing, right? Let's get into it! The S&P has been giving off some fascinating signals lately. **We've fallen off the 2022 high and are now potentially...
-looking for price to enter previous range / support zone -will look to take out lower lows but monitoring a possible trend change to upside or consolidation before the move up or down