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
Double Top formation and completion The question is where does price go from here? Price may recover along the 1/1 Gann line, which has previously been a resistance area for price Or it may recover at the red line plotted which has been a strong pivot point for price Its all based on the strength of the double top
A lot of my followers asked me recently... why I was so bearish ? I will try to "justify" my bearish view in looking today, at the daily and at the 4 hours time frames, which, for me, both of them are quite representative of the recent and current price action which is likely to trigger further downside move towards the 60'000 at least if some important support...
if the break neck line you can set a SHORT POSITION SL = 0.775 TP = 0.7
US30 - Crab Still Valid, HTF PA is still bearish even after the last push to the upside yesterday. (This was expected to cover previous imbalances, we can also see a HTF Double top forming, now the LTF is Bullish) I expect a small push to the downside to clear the liquidity, before a retracement then a continuation from the PRZ (Red dot), I will analyze PA on a...
Hey guys This pair might be preparing for a big fall. It traded to the weekly mitigation block and we saw some rejection from that zone. I will be looking to short this pair. Happy trading
Hello Folks and Crypto Friends, after a long way up for BTC and Down for ALTS BTC Dominance is Falling Again... this will Boost Alts. Luck for 1Inch which is on the break of a Symatrical Triangle 1h TF. Which could also lead to break of the Double Top "W" PAttern. BUY: 3,02 - 3,12 Target: 4.20 TP1:3,20 TP2:3,50 TP3:3,86 TP4: 4,20 SL: 2,806 If you want...
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...
I take long position at 76.91 Reason is for me that support is held at 2 strong fis on 2 time frames. It held on white fib grid at 382 and by black fib grid at 618. Also too the 50 EMA held right at these exactly levels for confluence. So now oil shoot up right after I take entry. I think it retest 80. Then let's see. ❤ Miss Bunny
sell below 776, and tgt is 766, sl 783 it forms a double top pattern NSE:APLLTD plz do your own analysis before taking trade, this is for education purpose
the price create a double bottom on the resistance and down line of channel
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.
i suggest seting up a buy limit @1.9530 we have a double top on h4 1.9530 should be the neck line of this double top pattern if h4 candle close below 1.9530 the buy setup will be invalidated
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.
NSE:ZEEL 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...
Double top has formed on the USD/CAD monthly chart and price is hovering around the neckline.
Double top formation for USDCAD. Need to watch if it continues the trend or breaks out.