On this chart (1d timeframe), we can see multiple tops have appeared. Multiple tops is a bearish pattern so it's likely the price will drop. Also, there is a gap to be filled. Once the price has gone beneath the support line the trade can be entered. The price will find support in the support area, this would be the area where the profits can be taken. When it...
TSLA is providing a really interesting daily chart with two opposite chart patterns: multiple top and possible double bottom Which Scenario do you think is the most probable to happen?
I like the double bottom that happened in May and July in the $16.50 range and the test of 22.50 that failed but made a higher low. Coming off the higher low the price has moved steadily up the fibonacci scale and current candle closed above the POC line (ytd) I am looking for a break and close above the descending trendline to go long. $22.10 may give some...
NASDAQ:AMD multiple tops on AMD... need to feel the market NASDAQ tomorrow. TECH went crazy after hours because of TWTR SNAP PINS and FB i expect taking profits at open
Inversion on Triple Top Pattern R/R = 2:1 TP1 = 50 pips TP2 = 100 pips
NASDAQ:DOCU has multiple tops around 250 area. As per the trend, bulls are coming harder and lifting the price again. RSI & MACD showing bullish signs to me. Let see this time 250 area get breaks.