Here's an update to yesterday's idea. We've seen price fall from our highlighted level, in line with a triple top formation at a whole psychological level in the market. Make sure you check these whole levels and familiarise yourself with actual price. It can be very useful!
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H1 : Within the broad rising wedge in progress, there is an ascending triangle in progress as well. Usually, this kind of pattern breakout on the upside... Nevertheless, indicators do not confirm such kind of price action yet. Indeed, all of them are still for the time being in bearish divergence mode. Globally, in this time frame, the...
Hi very one This is the USOIL chart which shows us that the chart has formed a triple top pattern (shown in the picture) which you might think that the price will decrease but please note that there are two divergences which makes us think otherwise! So there can be two scenarios: 1. The price breaks the support line and will decrease due to the regular bearish...
1. Triple top shows sign of reversal and lower prices after an uptrend 2.Fib Retracement indicates major resistance at 78% & 61%, If we break we could see moon shots! 3. Breaking those Fib Levels would also confirm a nice cup of coffee that would send BTC to new highs! That Cup & Handle can make history but before that, we got to break those resistance...
EURJPY formed triple top on daily chart. The daily trend is still upward, but now the price can break this uptrend line and fall to nearest support zone at 123. This is a good entry at market price for a low risk trade. Take SL around 128, and TP around 123.
Triple head pattern in 1H, NQ, could see a correction at open and then a push up towards end of day/mid day.
☑️USOIL stablished a triple top and is showing rejection I think that oil price needs correction After a strong uptrend, given that the triple top is below strong resistance area Therefore, I am locally bearish and I expect oil to retest the horizontal support below Moving down slowly with 3 targets in sight SHORT!↘️ ✅Like and subscribe to never miss a new idea!✅
This analysis is purely based on price action and Chart Patterns. The analysis is on 30min TF hence target can be achieved in intraday trade or in couple of days. Traders can take advantage of this analysis in intraday trades as well. Entry can be made below the low of Doji candle formed at the end of the day or small pullback and the rejection candle. SL can be...
WTI looks like it is exhausting on the retest of the uptrend line. 4H chart shows a triple top with RSI divergence. Break of the neckline gives a target at the lower support level and 200SMA creeping up to it. While longer-term, oil is still looks bullish, it could be a good opportunity to make money on the pullback before buying again. Good Luck and Stay Healthy!
Strong bearish close on Friday night. We've got a triple top and should be reaching 140.500 soon.
Triple top indicating rejection from the highs and we should see a nice push towards the downside
Simple technical analysis on Cable today. Price tested 1.37 three separate times (a whole psychological level) and rejected all three times. Price has moved 125 pips to the downside. Combining key psychological levels with double and triple tops is a powerful trading confluence. We also have fundamental news with Boris Johnson to outline further lockdown steps...
GBPUSD SHORT with multiple confirmations. An exaggerated bearish divergence on multiple time frames and a triple top formed.
After the triple top, PYPL has breakout its 212 resistance and the next resistance per measure move is 241 => 212 + (212-183).
Hello, Traders! NZD-JPY fell from strong resistance area Establishing a triple-top pattern Followed by a breakout of the rising support line These are bearish signals Which makes me expect the pair to fall With the first target being the nearest support But the move might continue further down too! Sell! Like, comment and subscribe to boost your trading!...
GBPJPY on the 4 chart couldnt break above the resistance area at the 140.240 area. The price after the last rejection is testing the 138.250 zone. IF the price will break and close below we will set a nice short order according to Plancton's strategy. ---- Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly...
GBPUSD, created triple top pattern and have RSI divergence, now you can place a pending sell order at the neck line