UPL seems to have formed double top pattern and now it has come to retracement level of neckline after breakout and then giving clear rejection for the upside move.
Also, we are seeing a clear reversal in the uptrend in the daily timeframe. so possibly can test previous swing high of 650
AMEX:IWM weekly looks very concerning as it may have formed a double top.
Last week's big down bar cut through the 20 EMA and the trendline. I expect more follow through to the downside in the near future.
As You can see it Formed 2times Double Bottom Bullish pattern .Assuming Neckline level as 232.
We can consider this as positional trade and go long.
Entry: 233 SL: According to your Risk Appetite Target: 260(10%-11%)
Please Note : This is not an advice just sharing Idea, please do your technical analysis and trade.
1.) Price is in the monthly/weekly supply zone. Price has had trouble breaking this zone and I think price was just consolidating and gathering momentum to make a bearish push.
2.) Price formed a double top, after an uptrend. A double top formation at the end of an uptrend can signal a potential reversal.
3.) After forming a double top, price then broke the...
Trbusdt is forming bullish cup and handle on daily chart as well as bearish double top. If it breaks the double top then we can see a large Buying there so a long position can be nice for profits
Thanks and have a nice trading day
Hey There, I wish you have a good mood and profitable trades!
At a price of less than 1.9840 Tether I expect a bearish movement to the price 1.7140 Tether (lower prices may also occur).
Notice it's just a prediction and It's up to you to have a good risk management as well as good strategy!
Nice simple idea here, a perfect double top formation. Price has already met and rejected the previous top at least for the moment, with that top also representing the ATH. Due to the sharp run up we see a relative absence of support until the 51.7k area.
In my opinion this set up gives an advantageous risk/reward for a short position, with a short term price...
My analysis is simple, as you can see on my chart, a double top pattern has been formed on the H1 time frame, which means there is a trend reversal from uptrend to downtrend.
Note: This is just an idea from me, please compare it with your own analysis before opening a position. Thank you.
Sorry for lots of lines, but you have to watch them.
My idea, wave B has finished and wave c started. we expect to Drop Down Bitcoin's price around 54500$ (I tried to show you TRZ).
AB=CD Harmonic Pattern and Double Top Pattern are Making (Even Double Top Pattern is Making on Weekly Timeframe).
Here is an inverse head and shoulder pattern indicating a short sell to $45,000 and a long buy to $58,000.
Also, we can see more than one signal confirming this.
First, we can see a double top (M pattern) in play with price reacting to it's pattern.
Secondly, we can see a downward trendline breakout at $48,700 and a pullback in play, which proves a sell...
CHF/JPY has been in a ranging market structure since last December , failing to breakout if this market structure.
I expect the pair to fail in breaking above the key resistance area and sell until it reaches the important yellow support area .
Therefore continuing with the ranging market structure .
Adding on to the confluence , I see a potential double...