Hi Guys, We have potential triple top in Nifty which is currently in formation now and once we get valid confirmation for downside move we can initiate short positions.If you check RSI its giving bearish divergence as of now but we need to check what happens when triple top is completed. If everything goes as planned we can short Nifty and in this particular...
TRIPLE TOP ON UDG HEALTHCARE SHOWING WEAKNESS WITH THE THIRD PEAK FAILING TO MAKE NEW HIGHS
USD/JPY CONSOLIDATION TRADE? USD/JPY TRIPLE TOP RESISTANCE AROUND 109.50 AREA GOOD RISK TO REWARD HERE TAKE PROFIT RIGHT AT 38.20% MAJOR STRUCTURE SUPPORT LINE STOPS ABOVE RED LINE
A possible triple top forming on USDCAD. I'm going to wait and see if 1.2789 would break. If it does, expect price dropping to around 1.271 area
This pair is about to make a drop and if looked at closely on the 4 hour chart it is in a supply zone. Good Luck!
why did we test 2100? your short stops were there and citadel punched them the fuck out. reflexive rebound should be over unless we breakout to the upside for whatever reason. this should mark the beginning of the drawn-out, fundamental sell off. in summation: - hidden bearish divergence - MACD rolling over - bad economic data rolling out slowly but surely...
First and foremost one should know I am very bearish on oil, as it has paid tremendously the past year to be on the short side. But a true bear should know when to prey and when to hibernate. At this moment I consider myself in hibernation. I am looking to sit out until June of this year before I initiate my big short on crude. So far my analysis has been...
A triangle is forming on NZDUSD. I'm patiently waiting for a break in either direction, though my preference is going short on a break and daily close below the trendline.
AUDUSD has been a interesting pair lately. Personally i've been making some pips of it just because i'm scalping off it but the overall direction of it is still bearish in my opinion, until the breaks the upper trend line. Within this channel is a possible triple that might be forming, I'm hoping that once it forms, the consolidation on this pair will be over.
From chart, it showed that the triple top chart pattern. If it success, it will move for the height of triple top. So, it will move for that equal height. Last friday, it lower from support line, it will move to the next target, around 3900. Hope, it not go to that.
There is a triple top on the 60 min time frame. I'm looking to get short around .6642, with my stops just above the swing high at .6665. I'm looking to take profits at .6572 at the completion of a Bull Cypher. I would wait for a conformation candle on the Bull Cypher though. Also we have a rate decision tomorrow so be cautious. Good luck trading out there.
2 SIGNAL FOR SELL : 1- PATTERN TRIPLE TOP 2-PRICE ACTION GOOD LUCK
HI ALL, Here we have a nice bearish bat pattern completion at a very strong resistance level. we even have Triple tops here and another Top might be setting up. RSI very close to Being Extremely overbought. Stops above X TGT1 0.382% TGT2 0.618%
Trade setup : Short on AAPL SL : 129.21 TP 1 : 123.70 TP 2 : 116.45 Fundamental View : Last Apple Keynot was a no event. No news = Bad news. Technical View : Triple-top pattern Pullbacked on last downtrend support No big support before 123.70 level Best of luck, Serge
First test to yesterday's bears will be the uptrend line shown in the chart. If it'll breakdown, the next test will be the 42.2-42.4$ support zone but then, with a broken uptrend line, it could be a matter of time before $XLK reached 41.5$
After forming a triple top at the upper trendline GOOGL went on a quick move to the downside and could now be consolidating before a further move. With the divergences present and candlesticks showing high amounts of selling pressure its possible that it will continue to the downside. The lower horizontal lines are levels of support to keep and eye out for or...