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Double Top or Bottom

XAGUSD Overextended: Watching 40.50 NecklineIn the past months I argued that Silver should rise and reach 40, and the market not only achieved that but even exceeded the level, printing a high at 41.50. However, just like Gold, this move looks overextended and vulnerable to correction. 📌 Technically, price has tapped 41.50 twice. While it cannot yet be called a confirmed double top, the possibility exists. The neckline of this potential pattern is at 40.50. • A break below 40.50 could trigger a deeper correction. • First target: under 40, toward the 39 technical support zone. 🔑 Trading Plan: I remain cautious at these levels. If 40.50 gives way, I will look for shorts targeting the 39 area. Counter-trend trades carry very high risk, but the setup is worth monitoring. 🚀
OANDA:XAGUSD
by Mihai_Iacob
14
DUOL - NOT FOR TREND-FOLLOWING TRADERS DUOL - CURRENT PRICE : 271.28 Duolingo, Inc. (DUOL) is in a downtrend since 14 May 2025. The stock has recently tested the support level near USD 263, which coincides with a previous demand zone. This bounce from support highlights buying pressure, indicating the likelihood of a short-term reversal. The Relative Strength Index (RSI) has moved near 30 level, signaling that the stock is in oversold territory. Oversold conditions often precede a technical rebound as selling pressure eases. The confluence of oversold momentum and price stabilization at support suggests a possible bounce play. If buying volume increases, the stock could recover toward USD 297 – 325, its next resistance zone. ENTRY PRICE : 271.00 - 272.00 TARGET : 297.00 and 325.00 SUPPORT : 260.00 (CUTLOSS below 260.00 on closing basis) Notes : As the dominant trend is clearly bearish (downtrend) since 14 May 2025, this setup is not for trend-following traders.
NASDAQ:DUOLLong
by IMRAN_96
Sell Signal on GBPJPYThe GBPJPY is forming beautiful and obvious Lower Lows. It already formed its first LL which indicating the Bearish Signal below its previous LL below 199.34. Further the Bearish divergence is confirming the selling point. I am 95% sure for the bearish move towards TP 1 and TP 2. I have still an eye on Pound Index. If the BXY closes above its resistance at 135.54 then the above Idea may heart yet we have to stick to our Risk to reward ratio. My risk on two trades is 1% each if TP1 Hit, I will move my SL into Breakeven and let the price move to my TP or revised SL with 0 risk.
Short
by hameedops
ABCL 4H support test and triangleAbCellera Biologics stock is trading inside a triangle pattern and testing the key support at 3.90–4.00. Signals are showing that sellers are losing momentum: CCI prints a bullish divergence and the volume profile highlights accumulation above the current level. A breakout above the descending trendline around 4.30 could open the way towards 4.80 and even 5.60. From a fundamental perspective the company remains an important biotech player focusing on antibody-based drug development. The sector is highly news driven and any announcement on trials or partnerships could trigger sharp moves. As long as support holds buyers keep the advantage and the market looks like a spring that has been compressed too long and is ready to release.
NASDAQ:ABCLLong
by InvestWorld_777
GOLD– Market Outlook 🔼 Bullish Scenario: • If the price holds above 3635, the upward momentum is expected to continue. • Target: 3675 (main resistance level). • If 3675 breaks, the price may rise further and enter the bullish zone. 🔽 Bearish Scenario: • If the price stabilizes below the retracement level, a temporary correction may start. • Target: 3595 (strong support). • If the price breaks below 3595 and closes under it (especially on the 1h or 4h timeframe): → The next bearish target will be 3546. ⚠️ However, if 3595 holds and is not broken, the price will likely bounce and resume the bullish trend. ⸻
OANDA:XAUUSDLong
by EvarMayi
Double Bottom Breakout with Gap-Up — Target 1081) Pattern + Breakout Confirmation The chart has formed a double bottom structure, a classic reversal setup that signals the end of a downtrend and potential start of an uptrend. After testing the support zone twice and holding firm, price opened with a strong gap-up above the neckline , confirming bullish intent. 2) Trade Plan — Path Toward 108 The measured move from the double bottom formation projects an upside target of 108 , aligning with a prior resistance zone . Traders can consider entry on the breakout or wait for a pullback to the neckline for a safer risk-reward setup. The invalidation level lies just below the neckline gap, while momentum favors continuation higher. Holding above the breakout zone keeps the bullish bias intact until the target at 108 is approached.
NASDAQ:LRCXLong
by peace_lover
Double-Top Breakdown + Bearish MACD — Target 206Idea type: Short (breakdown) — setup confirmed by gap-down open + MACD bearish crossover Target: 206 1) Setup — What I see Price formed a classical double-top: two near-equal peaks with a clear neckline between them. Break of the neckline happened on a gap-down open (strong bearish sentiment, high short interest/liquidity sweep). MACD (12,26,9) shows a bearish crossover (MACD line crossing below signal) on the daily — momentum has turned to the downside and confirms the breakdown. 2) Primary Target: 206 — intended as the measured-move projection from the double-top pattern and reinforced by a nearby historical support zone. Measured-move method: (Peak height) = Peak price − Neckline price. Project that distance downward from the neckline to get the target. (Use your chart’s exact peak & neckline prices to verify that this projection aligns with 206.)
NYSE:AIZShort
by peace_lover
Tata Steel – Multi-Year Base Breakout Setting UpThesis Tata Steel is testing a major resistance zone around ₹169 after consolidating in a wide range (115–170) for nearly 2 years. A decisive breakout here would mark the completion of a multi-year rounding base, opening the path to higher levels. Technical Setup Structure: Multi-year consolidation / rounding base since mid-2023 Breakout Level: ₹169 (tested repeatedly) Primary Target: ₹185–190 (nearest supply zone) Extended Target: ₹210–215 (measured move of base depth) RSI: ~63, rising but not overbought Volume: Needs strong confirmation to validate breakout Invalidation: Breakdown below ₹160 Fundamental Context Recent quarters show earnings recovery from cost control and safeguard duties. Valuations elevated (P/E ~46–51×), margins thin, leverage moderate. Interpretation: Fundamentals are mixed, but cyclical tailwinds and government protection provide near-term support. Disclaimer For educational purposes only. Not investment advice.
NSE:TATASTEELLong
by eggubonda
2
NZDUSD Expect A Long BreakoutNzdusd; this pair have been moving within this region of lower highs and lower lows,in regards to the NFP news we await a long breakout within the major resistance level with a target above 0.5994.for the moment we are likely to buy and keep a close eye within this tight region of support and resistance. Possible outline Bullish scenario: buy with a target near 0.5950 as first Tp and 0.5994 as second Tp Meanwhile a confirmed reversal at this point will trigger move below 0.5785 as the next support. What is your idea on this my fellow traders.? follow up thanks
Long
by Blaisefxacademy