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Tripletop

Selling Yearly Triple-Top For September USD Index Futures (DX)Wednesday’s FED Announcements have produced bullish action due to the statements issued. For the intermediate-term, the USD Index is likely to grind higher in anticipation of a hawkish FOMC Minutes release and upcoming September FED meeting. The last three sessions have been big for September USD Index futures. Price has broken above topside resistance on the daily chart. For now, this market appears poised to test the yearly Triple-Top present in the 95.220-95.440 range. Here is the short trade: 1)Entry: Sell 95.220 2) Stop Loss: 95.505 3)Profit Target: 94.935 4)Risk Vs Reward Ratio: 1/1
DShort
by FXLeaders
EURUSD - Possible bearish outlookLooking at the 1hr chart the EURUSD has a few setups that look increasingly bearish: 1. Triple top reversal earlier in the session 2. Failure to create bullish break of longer term consolidation triangle 3. MA cross into bearish 4. Previous redbound on 4hr 100 MA being testing - awaiting confirmation 5. 'Threes a crowd' - Price down test into MA bearish cross 6. Testing 38.2 retracement from the low to triple top high area 6. MA on daily crossed into bearish earlier in the week A lot of arguements for the bearish position, keeping the risk to minimum and trading what is seen with a logical stop location. If all the technicals are right theis should setup a limit risk opportunity with high reward. Note this is only my personal opinions and NOT trading advice - I do not endorse any use of the above, it is for information only
Short
by ctredget
Will this 4th Top hold?TSLA jumped up at an incredible rate. 12% in just a few days of trading. This is quite outstanding if we factor in the fact that the company fired quite some people to keep up with costs and the fact that it never hit a profit in its entire lifespan. Now, this is definitely a puzzling company for me. I find it crazy that a company with such financials is still traded at 350$/share, just a few bucks away from its ATH. I think that now we are close to a turning point. The price is approaching the same level that has been rejected 3 times (triple top) during the last months. 360$ proved to be quite a psycological barrier to break hence I would expect a reversal at this point. Anyway, the hype around such a company mess up probabilities. ***Not a trading advice, merely my idea for educational and informational purposes only***
NASDAQ:TSLAShort
by SteveEnnom
4
Double/triple top: MSFT falls first to $77, then eventually $70?Well, sure looks to me that Microsoft (MSFT) has made a double top (and if you count the first peak a triple top). The confirmation will be if MSFT falls below $87. A few characteristics of a double top reversal (as published on stockcharts.com's description): 1. Prior Trend: Check. 2. First peak marks highest point of current trend: Check. 3. Trough--decline of at least 10%: Check. 4. Second Peak: Low volume (declining), meets resistance of previous high, and about 1 month passes between peaks: Check, Check, and Check. 5. Decline from peak: Expansion in volume and or accelerated descent: Pending/underway...looking to earnings on 4/26 to provide this gap down stimulus on significant volume (even with a beat, most companies are currently experiencing selling pressure post earnings). 6. Support break: Confirmed when MSFT breaks below about $87. New target at this point will be $77. If the triple top pattern is in play here, then the next target after $77 (likely after an interval move to test the $87 line of support turned resistance at some point) will be about $70. $70 would align well with my Elliott Waves and serve as a touch to the trend line where wave 4 that MSFT is currently forming would be complete. Potential good news for the bulls is that if the above plays out, and they are still in their position at $70, I am looking for a 5th wave up after the trend line touch around $70. I will certainly plan to be going long for a period if MSFT gets to $70!
NASDAQ:MSFT
by CryptoTA4U
MANABTC - Analysis There are two scenarios that can be explained in this 15 min chart: 1 - MANABTC chart, in the last couple of days, showed a resistance to a MA200, as you see on the chart (Red Circles). That can be a sign that the trend will continue going sideways or hypothetically it might bounce up. 2- On the other hand, MANABTC shows a TRIPLE TOP. Also, the stoch chart is not very promising; you can see the lower top and the bottom is almost flat. It might be a Huge Drop in the next few hours! Despite the fact that BTC price can change the scenario, HODL is apparently may be the best option.
MShort
by PersianAnger
1
Will BTC top out the triple top?Yesterday BTC price followed the general trajectory of the triple top pattern before it met resistance in the Senkou Span. The run from 8.4-9.8k was followed by some strong selling off in the previous 2 hours. Chikou span is currently down crossing the price indicating we may see more selling off before the bulls are ready to move again. Tenken Sen fluctuated down with the previous selling off and is still showing a trend as opposed to the market ranging. Kijun sen is below the current price and signals there may be room to raise more. StochRSI and MACD are both indicating overbought. StochRSI is falling and could soon bounce if sellers continue to buy. The price overall is still within it's ascending triangle, triple top still in formation. A smaller formation of head and shoulders may be forming from the current price action. Potential price trajectory has been plotted in yellow with potential resistance bounces in red. Our .236 fib level is acting as support. If it doesn't hold up we have room to fall down to ~8.5 before we find support on the bottom of the triangle. If the bull can gain steam and break resistance at the 9.5k mark we have room up to the 10k level. If the bears win the current candle we could drop to 8.5 before a potential rebound.
BITFINEX:BTCUSD
by SpektreSignal
ENJ coin revving up?Enjin has a symmetrical triangle forming overall. Currently the price is consolidating and that confirms a potential triple top within the triangle. Potential price movements have been plotted in green and potential bear bounces off of resistance are in red. StochasticRSI is indicating a bullish divergence. Currently at ~62. A bounce before 80 will help to signal the triple top pattern is forming. Volume shows there is selling pressure and we are bearish after the long rally we see in the past 2 hours. Price will most likely continue to consolidate until it reaches the .382 or .236 fib levels. Watch for a break to the upside of the triangle, if the volume becomes bullish within the next few hours
by SpektreSignal
2
Crows, Soldiers, Bull, and Bears oh my!We can see that the price of BTC bounced off the lower trendline forming the ascending triangle, and has broken out from the downward channel it was previously in. This action completed the formation of the double top. Conditions are set for the formation of a triple top, we can see that in the 2nd valley. The first bounced at ~7.8k and this last bounce was at ~8.5k. Further reinforced by the rallying 3 white soldiers on our candle patterns. And we broke the .236 level but only barely. Senkou span A & B have undergone a Kumo Twist and have begun to widen since. Our Chikou span has still not made an upcross on the price, Tenkan sen tells us that the market is still trending, and Kijun Sen has taken a horizontal position under price indicating there may be a small cool off period coming up. All of these bullish indicators are confirmed on the StochRSI. We can see that it bounced off the ~55 mark with a bullish divergence taking place. Theres a small bullish divergence taking place on the MACD as well. The last time we saw a bounce at this level was 2/6/18 and it brought us from ~6.8k and didn't lose steam until we saw the 11.6k mark. All of this is backed by the increasing volume we've seen move in over the past 12 hours. If the volume holds steady I would expect to see the completion of our triple top in the next 2 days putting us at or around the 11k mark.
BITFINEX:BTCUSD
by SpektreSignal
2