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Double Top or Bottom

NASDAQ Double Bottom Rejection and Demand ZonesA few days ago I posted a nasdaq setup on the H4 TF showing that a Double Bottom Rejection was at play and would result in new ATHs. I also indicated a possibility of a retest before the rally began and so far this is going according to plan. There is still room for price to rally and claim new ATHs. I recommend using either one of these demand zones to validate your entries for longs and using them as your Stop Loss zones.
PEPPERSTONE:NAS100Long
by LessYappingMoreTrading
AVAX Analysis (1W)AVAX is currently attempting to form a double bottom pattern, which could signal a strong bullish reversal if confirmed. Earlier this week, AVAX made an effort to break down the key support/resistance zone, but it lacked the necessary volume to succeed. If AVAX manages to reclaim the resistance area around $27 or higher, and confirms the breakout with a daily candle retest, the minimum target sits at $32. However, if AVAX fails to break through resistance, there’s potentially an even better buying opportunity in the lower timeframes—a demand zone between $20 and $20.6. I believe altcoins will offer another chance to catch up while prices are still far below their future valuations. -S Wishes you the best in luck.
Long
by vs_sayin
3
Bitcoin's Third Attempt to Break All-Time HighBitcoin has tried breaking its all-time high twice already. The first time, it reached a Measured Move target but pulled back to the previous High. The second attempt pushed to the all-time high but failed to hold (false breakout). Now Bitcoin is making its third attempt. Here's my strategy: If BTC retraces to the 50% level, I'm planning to enter a long position: - Take Profit Target: $176,000 - Stop Loss: $108,600 However, if this third attempt fails to break higher and hit my SL, I expect Bitcoin to drop significantly, potentially down to $70,000. At that point, forget BTC. This is a high-risk, high-reward setup. Third attempts often either break through strongly or reject hard. I am watching the 50% retracement level closely for entry timing.
CRYPTO:BTCUSDLong
by chrisnew3525
1
GOLD HAS A HIGH CHANCE OF DROPPING My analysis shows that we might experience GOLD dropping for some short time, as we can see the trend was Bullish and making HH and HL until price formed a Double Top(reversal sign). CHoC occurred and price broke below forming a LH and LL, price is now retesting our CHoC and might continue to drop after this Note- price tried to break above our CHoC and it rejected and is now currently at the CHoC zone, it is best to wait for a candle confirmation of bears, to see if it will reject or break above. If it rejects again then we can take that as our entry to sell as the price will be going down. Kindly follow for more technical analysis📉
CAPITALCOM:GOLDShort
by StarleXtheTrader
Not the Bottom Yet—Gold Poised to Retest 3800Gold failed to break through 3900 again and fell all the way from around 3897 to 3819, with a drop of $78 again. The two recent declines of this magnitude have greatly hit the confidence and sentiment of market bulls, and the bearish atmosphere in the market may become even stronger. Although gold rebounded again after touching 3819, it failed to hit 3900 twice and has successfully constructed an M-shaped double top structure in the short-term structure. Suppressed by this technical structure, the bullish momentum may be difficult to sustain and will intensify the short-term volatility. The volatility range is likely to be switched to the 3860-3820 area. Therefore, based on the current market changes, we cannot blindly be bullish on gold for the time being. From a technical perspective, gold is under pressure in the 3850-3860 area in the short term, so if gold rebounds and touches near this area, we can give priority to shorting gold, first targeting the retracement target area: 3835-3825 area. Once gold falls below the level around 3820, it is very likely to test the support strength of 3800 again.
OANDA:XAUUSDShort
by WaveRider_Steffen
3