MELI is like a hydrid between Shopify and Amazon on the South American markets Fundarmentally its revenue compared to market cap is more favorable than either of those. On the weekly chart, MELI double topped to its historical high in February 2021 and September 2021. It then descended to a pivot bottom in July 22 The chart now shows a large green engulfing...
Last cycle , (if market manipulation is wasn’t a “thing”!) Wonder where that vertical line on the right would have gone… Hmm, perhaps we’ll see that somewhere soon!! Anyone wants to buy a Bitcoin? Get ‘em while their hot!
The algorithm shows an opportunity to buy credit agricole if the double bottom pattern breaks. The double bottom pattern is a bullish reversal pattern that appears on a chart as two distinct bottoms at roughly the same price level, separated by a peak in between. The pattern is formed when the price of an asset falls to a support level, bounces back up, falls...
Basic analysis exercise of the double top pattern in previous AAPL movements.
Double Bottom with retest also done looking good current market price high probable trade !
Had to create a double bottom on a gold us pair (XAUUSD). For FMI (Forex Mastery Institute).
Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. on WEEKLY: Left Chart EURGBP is approaching a resistance zone so we will be looking for sell setups. Knowing that EURGBP can still trade higher inside the zone before going down. That's why we don't sell blindly, we always zoom in to lower timeframes and wait for the bears...
Shorting Potential: - Double top - Price has rejected major resistance. - Price came back to re-test local up trendline and rejected it. - Price rejected the 618 level. - Evening Star pattern + Now we have just closed with an engulfing bearish candle signalling a shorting potential. - Divergence in RSI on 2HR TF and slowing buying momentum signalling a change...
I believe the technical bottom has formed similar to the technical top formed in APR 2021. Many of the same indicators used to determine this top are also suggesting that a bottom has formed. However, I feel that the actual bottom may be some what lower around 14k. The 400WMA might be a key level of support to bounce off when forming the true bottom over the next...
#BTCUSD Eve and Eve Pattern #btc Round tops, Black line is confirmation line of the bottom it Breaks down. 28 29k area is crucial to decide if the bear market continu's. f it breaks we will see a new test ATH in the future. If it holds we will see lower.
Amazon #AMZN Stock from Nasdaq Monthly Chart Analysis %95 Accurate Trade Setup 🎯 Enjoy🎉 🎊 ( NOTE : The tips of the arrows indicate TP levels ! )
BTC is forming a double top after attempting to break above the 200WMA for the second time in ten days. Expecting the price to drop around 27% to 16,800 or so.
LOOKING FOR A DP ON UNFI/USD. LETS SEE If this one will pan out as a dp been watching for a while.
As there is still a large correlation between BTC and Nasdaq, we can hypothesize this scenario: Double low for the Nasdaq, which sees an upward rebound before its achievement, at the same time BTC would also recover, fluctuating up to a threshold (approximately) of 45K and then creating a double low of 32K (January low). Also the Dominance has reached the 50%...
Interesting double bottom completed, over a multi week base, indeed, volume surged at last week closing above accumulation area, minimum upside potential can dictate a 1.7 R/R.
Refer to chart. Already started dumping very brief desc very brief descvery brief descvery brief descvery brief descvery brief descvery brief desc
We have a double top in play. We can expect price to eventually correct after having a nice rally sicne May 24th. Targets 2 and 3 are Fibonacci levels of the 61 and 88 levels. Targets 1 and 4 are fib extension levels. Wait for price confirmation before establishing any short positions.
The price is creating an M pattern on the 4h timeframe after a double top on 1.2$. On the daily timeframe the price bounced on the dynamic daily support. How to approach it? IF the price is going to have a rejection from the 0.5Fibonacci level, on the M neckline, According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple...