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Doubletoppattern

AMC Retest $41 One More Time Or Higher?For the last 3 days AMC experience strong increase movement in price an movement in the 30 min chart. On Friday AMC finished a Falling Wedge. What I see right now is AMC buying volume is getting weaker despite holding strong today. I start to see bearish divergence in 1hr chart and a bit in 2hr but not yet confirm. We could experience a symmetrical triangle today or tomorrow. I expect a strong start tomorrow but slowly price dipping. Good for reentry if you are in for the long. Good for selling if you made your entry back at $36. So its a 50/50 tomorrow. Either it continues this week bull or it is retesting. Update: If it forms a symmetrical triangle and stay above the $42.80s it will bounce up much higher. If not expect to retest.
NYSE:AMC
by gojira91
Overall Bearish Outlook EURUSD SHORT 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 neckline. Once price breaks the neckline of a double top/double bottom formation, it is common to expect price to retrace to the neckline and meet resistance before making another impulse. 4.) I think price will create another impulse to the downside and am looking to take profit near the 50.0 fib level.
Short
by NoCeilingsTrading
BTCUSD H & S - Short to $45,000 then long to $58,000Here 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 order. Lastly, it's the inverse head and shoulder pattern confirming this. What do you think? Share your opinion in the comment section✍️ Please support this idea with a LIKE👍 if you find it useful🥳 Follow me to receive more updates on this pair🤙 Happy Trading💰🥳🤗 Trading Involves High Risk⚠️ Not Financial Advice💸 Use Proper Risk Management💹 Thank you for your support!💓 NB: If you have any question for me or you would like to learn forex trading, improve on your technical analysis skills or have access to VIP, DM me.
BITSTAMP:BTCUSDShort
by PetrockTheAnalyst
CHF/JPY SELLCHF/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 top forming near the key resistance area which indicates the reversal (sell) in the price . This is shown by the Orange path drawn
Short
by wookyu2001
1
BTCUSD - Forms new target at $46,300A trendline breakout occurred at $55,500 followed by a pull back to $55,050 which signals a sell order to complete the double top pattern (the M pattern). Also, as we can see on the chart, there is a double top pattern in play. If price continues to fall, then we have a M chart pattern. What do you think? Share your opinion in the comment section.😇 Please support this idea with LIKE👍 if you find it useful.🥳 Follow me to receive more contents like this.🤙 Happy Trading💰🥳🤗 Trading Involves High Risk⚠️ Not Financial Advice💸 Use Proper Risk Management💹 Thank you for your support!💓
BITSTAMP:BTCUSDShort
by PetrockTheAnalyst