Hi pros! first trade: pe 0.87 t1 0.83500 second trade t2 0.78 Have a nice week! What is a 'Triple Top' The triple top pattern is a type of chart pattern used in technical analysis to predict the reversal of a long-term uptrend. The pattern occurs when the price of a security creates three peaks at nearly the same price level. The bounce off the resistance near...
XAUUSD; H4; READ MY WEEKLY PLAN BELOW! Price made a third retest on a resistance area, creating a triple top that got confirmed since Friday morning. Price broke a trend line and got rejected at a key support zone. If we stick to the triple top pattern, we should see a breakout of the support area with extensions toward the pivot point. Should price break...
BA - We are watching BA as it nears it triple top at the $372.00 level on the daily chart. I will look to short BA at this level.
The Market is testing for third time a major resistance level and gives us a sell signal for my previous idea on the same pair, daily chart. We have Major Structure Level on a HTF and TTF as well, RSI Divergence, Triple Top and we are on Overall bearish trend based on 1D,4h HTF. I think I'll jump in , wish me luck ! :D
Now its travelling On pivot line,If Its Break 187 May its going to fall down,Target 1-172, Target 2-150
See chart. Double shooting atr Doji on the 1-hrs today. Bearish divergence. Media hype 'bulls charging nonstop!' Look out below...
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...
Looking 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....
1.00350 seems to be a strong ceiling for price in the USDCHF. At it two previous attemps breaking above it failed reversing instantly reaching as low as 0.92200. Now testing the same 1.00350 level what we may see that price has been rejected once again - a good sign that the resistance still holds. I am not saying we should see another drop like the 0.92220 one,...
Today’s session has brought serious bullish heat to the USD/CHF. Price has steamrolled through the Triple Top Pattern (.9985-.9990) and appears poised to challenge yearly highs. A short from the Triple Top Pattern/Yearly High (1.0056) is a likely profitable trade. Here it is: 1)Entry: Sell 1.0049 2)Stop Loss: 1.0077 3)Profit Target: 1.0021 4)Risk Vs Reward Ratio: 1/1
Going short on USDTRY for a triple top formation RR=1:2 good luck
Watching For Pull Back To Zone. Will Be Looking For A Strong Reversal Candle For Short Position.
Following the uptrend, I noticed a break in structure. Money is always made at the retest, in which the market did touch the retest point. Now evaluating the results of my prediction
Potential head and shoulder pattern ?? Triple top?
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...
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....
Bounced off $22.55 Resistance at $25.75 MACD crossing 5,15 EMA crossing Needs to hold $24.25 for staying bullish
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...