So UJ the current trend is up but I see a good possibility of us hitting a triple top, which could lead to the break of the closing pennant and lots of potential to the downside. There will be more definitive analysis when the triple top is reached.
W1 Rejection with Tripple Top
We have big triange and good reversal pattern "triple top" and we will go up.
Double or triple top bounced from 200 ema. Good R/R ratio
GPBCHF is Standing on D1 Resistance zone There are several reasons to short this pair Reason 1: D1 Resistance Zone Reason 2: Triple Top ? (If Current D1 candle closes as Bearish "Engulfing" Reason 3: H1 Ascending channel downside Breakout Reason 4: Bearish RSI divergence Reason 5: If Price pulls back to 1.3390-1.3410 and forms Bearish Price action candlestick...
This pair is at a significant level of resistance. Await confirmation as to whether price action will break resistance or roll over back to the resistance line. Any additional thoughts?
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...
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...
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...
AMD is topping right now. We are currently seeing the descent of the third top. If you own this stock sell it. I believe a lot of this increase in 2017 was due to their new Ryzen processors which were designed to gain control over Intel's market share. A portion of this growth is genuine because AMD is controlling a larger share of the market than they did...
This Support and Resistance Zones Strategy will enable you to take trades exactly at the area price will reverse. Identifying & trading support and resistance lines & zones is critical for every trader to implement into their system. Our main indicator for this strategy will be price action and its relationship to Support and Resistance. This is, in our opinion,...
After price made a false breakout, now we can see price may be coming up to make a triple top, where ill be watching for a rejection candlestick to enter short or a clean breakout & retest of the ascending trendline for entry.. Patience is key
EURUSD was rejected by a weekly resistance zone last week (structure, trend line, harmonic pattern) The resistance zone and the triple top pattern sent EURUSD down - Forming Outside Bar pattern that will be in focus this week. EURUSD will have to break the support zone to continue lower
EURUSD went into a rally late December which continued in January as expected and hit resistance on January 25 UTC. Its strong momentum and the speed at which it was punching through each price level let one think that resistance at 1.25 would break. The first hit on January the 25th UTC was actually already a triple top on it's own, if viewed on the 5m time...
Price at a very strong supply zone, where as you can see each time price tries to break though sellers quickly push price below, showing bears are applying a lot of pressure to this zone.
Price tried to breakout of double top resistance and make higher highs. Breakout failed and is creating a bearish candle pattern. Sell Stops are listed Take Profit is listed Macd is currently in a buy position being above the 0 level line. Bullish Continuation Trend failed Possibly will make Macd fall below 0 level line Macd will be my stop loss if below 0 level...