We expect further downside on this pair, signalled by a double-top pattern breakout formation. We can also see the breakout of a short-term trendline supporting our directional basis.
We expect further downside on this pair, signalled by the double-top pattern breakout. We can also see the breakout of a key level which further supports our directional basis.
The price created a double top at 97$ on ATH, and after the rejection, the price is testing the 0.382 Fibonacci level.
On the 4h timeframe, the price had a breakout from the bullflag and now the market is going to test the 0.618 Fibonacci resistance
How to approach?
The price needs to create a new breakout with confirmations and a new Higher high.
In that case we...
hey traders , checks out my last price action analysis and wish you the best
if we look at the high time frame at the BITCOIN chart , we can see the monthly and weekly double top pattern so clearly and i highlight that area for you guys aswell ,
now lets talk about a big bullish channel , look how beautiful price touches the midline channel and make a double...
Wait for the pattern to form
And after breaking, get into position
Hello everyone, if you like the idea, do not forget to support with a like and follow.
Vinci is in a very clean double top (T - T1T2), the price has strongly broken the neckline (N) and is evolving in a descending channel delimited by R and S lines. The pullback over the neckline is observed. The probability of a bearish phase is very high. Objective is 72€
EURAUD now formed a double top which means the currently uptrend will be changed to long term downtrend ,now they are sitting at 0.382 fib support and in my opinion from here will grow till 0.5 fib resistance which is 1.596 . If they can t break this resistance the price will go down and also this double top chart pattern will be confirmed
Entry in 1.596 with...
