We expect further downside on this pair, signalled by the formation of a double top. We can also see the breakout of a short-term trendline and key level which further supports our bearish directional basis.
We expect further downside on this pair, signalled by the formation of a double top. We can also see the breakout of a short-term trendline which further supports our directional basis.
Overview Google ( NASDAQ:GOOGL ) is in the dangerous territory of a double top formation. I've discovered this same macro-pattern with a few other assets as well. In combination with a rise in long-term Treasury Yield Curve rates since December 2023, I think a rush of selling pressure could be around the corner. Technical Analysis Utilizing Fibonacci...
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.
Following a contracting triangle breakout today, NIFTY zoomed up with a fair amount of pull backs which denote more than just a regular retracement. Over a larger time frame, one can observe NIFTY ultimately forming lower highs since it made the last all time high. Today, near the closing bell NIFTY made a double top and slipped down from what one would consider a...
The ratio of XLG (S&P Top 50 largest stocks) to SPY (S&P500) is approaching historic all time high (since 2005) and resistance area. We would expect a reversal of trend with mid and small caps outperforming the largest caps, the big 7 among others.
We expect further downside on this pair, signalled by the stoploss hunt at the high of the current month. We can also see a formation of a double top pattern which further supports our directional basis.
Overview I decided it was time to start taking control of my own retirement account. For years my account has been pulling in mediocre gains and the only reason I've put up with it for so long is because: 1) it took me years to hone my trading skills and 2) my employer matches my contributions. Well, after reviewing my available fund allocations and performing...
higher timeframes showing low volume candle sticks and berish structure Lower time fram is showing break of structure along with bearish patterns and signals ill be waiting for this trade next week
BTC / USDT - Bearish Signals at 4H Timeframe Technical Analysis: Double Top Break and Retest: price is showing signs of weakness with a break below the double top neckline followed by a retest, suggesting potential bearish pressure. VWAP Break: The VWAP (Volume Weighted Average Price) has been breached, indicating a shift in market sentiment and...
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.
Hi Traders! The 151.946 apex level proved to be too strong and there is a now potential double top pattern on the USDJPY 1W chart after the market failed to break and close above 151.946. Price Action 📊 After the initial break and close above the previous strong resistance level at 145.073, the market traded with continuous bullish momentum to target the...
CADJPY analysis: 1. Time frame daily & weekly, currently price in a strong resistance area, but the upward movement in prices is starting to slow down. 2. Time frame daily, price has the potential to develop double top pattern which is a reversal pattern. 3. Time frame H-4, price has the potential to develop rising wedge pattern. Double top & rising wedge...
In the past days, I posted an idea about BINANCE:WOOUSDT forming a potential double top pattern. Then, entered with the confirmation of a breakout on the first diagonal support line along with other confluences such as good selling volume and the RSCD (RSI and MACD). Take profit areas: 1) Price touching the second and the longer diagonal support. 2) Price...
In this technical analysis, the idea presented is the 4-hour chart of BINANCE:WOOUSDT , which appears as a bearish indication of a double top pattern. With that, I plotted two potential diagonal support lines to consider for a breakdown to materialize. I have a bearish sentiment for WOO based on an unlocking happening this October 10 per defillama.com . What...
This easy Adam & Eve Top can give traders a high profit short sale opportunity. The price usually don't draw a third high prior to entering a bear market.
NASDAQ forming a double bottom on 15min time frame with bullish divergence. Manage your Risk!
Dear Traders, Please be aware of the USDCHF chart, as the potential for an uptrend continuation is diminishing. We’re approaching the formation of a second top, which could indicate the development of a double top pattern, a bearish signal. Take profits have been indicated on the chart to help you make informed decisions. Exercise caution and consider your risk...