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Double Top or Bottom

GBP/JPY WIN📈 VMS Strategy – GBP/JPY Triple Top Win Another clean triple top reversal, this time on GBP/JPY, using the VMS strategy. This trade checked every box: ✅ Clear triple top structure ✅ Strong engulfing candle ✅ Volume + momentum aligned perfectly ✅ Entry near the 50EMA with patience and confirmation Price made a solid move in our favor and hit the profit target earlier this morning. If you’re finding value in the VMS system, consider sharing it with someone who needs structure, patience, and a real edge. 📌 The trade either fits the rules—or it doesn’t. That’s what makes this work.
by darlwright
2
The Kiss of Death Trade & Other Reasons for EntryFollowing up on the 2618 opportunity that we looked at on the FOREXCOM:GER40 this past weekend the market has now created more potential trading opportunities to get involved. 1) A bullish bat pattern that has completed due to a result of a complex pullback into the original double bottom. 2) A potential Kiss of Death trading opportunity 3) A bigger potential bullish gartley pattern IF the current 2618 opportunity is violated. Please leave any questions or comments below & feel free to share your opinion on the setup. Akil
PEPPERSTONE:GER40Long
by Akil_Stokes
2
VMS STRATEGY APPLIED📈 VMS Strategy – Triple Top Win Example We took this trade last Monday based on a textbook triple top reversal: ✅ Clean engulfing candle at resistance ✅ Strong downward volume ✅ Momentum clearly shifting in the trade direction ✅ Perfect timing with all elements aligning On the 4-hour chart, we focus on specific reversal patterns within the VMS framework: ***Triple tops/bottoms ***Head & shoulders ***1-2-3 formations ***Hammer and shooting star reversals Each setup must meet all VMS criteria before being considered. A quick note on back testing: We know traditional back testing can feel flawed—but here’s what works for us: Start at the beginning of the month, hide future candles, and scan for VMS setups in real-time conditions. The trade either fits the rules—or it doesn’t. There’s no debate. We’re not claiming perfection. This strategy does take losses—sometimes multiple in a row. But over time, through strict rule-following and patience, we’ve found consistency and success. If this helps you, feel free to share it—or even just take a closer look. With respect, always test it for yourself before trading live. We’re here to share what’s working for us. We welcome thoughts and suggestions—but know this: 👉 This is a rules-based strategy rooted in discipline, not prediction. 🔒 Aligned Execution is the Edge.
by darlwright
AVAX Analysis (1W)AVAX is currently attempting to form a double bottom pattern, which could signal a strong bullish reversal if confirmed. Earlier this week, AVAX made an effort to break down the key support/resistance zone, but it lacked the necessary volume to succeed. If AVAX manages to reclaim the resistance area around $27 or higher, and confirms the breakout with a daily candle retest, the minimum target sits at $32. However, if AVAX fails to break through resistance, there’s potentially an even better buying opportunity in the lower timeframes—a demand zone between $20 and $20.6. I believe altcoins will offer another chance to catch up while prices are still far below their future valuations. -S Wishes you the best in luck.
Long
by vs_sayin
2
GOLD (XAUUSD): Bearish Move From Resistance Confirmed Gold tested a significant confluence cluster on a daily time frame that is based on a rising trend line and a horizontal resistance. A double top formation on that on an hourly time frame indicates a highly probable retracement from that. Goal - 3378.5 ❤️Please, support my work with like, thank you!❤️ I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
TRADENATION:XAUUSDShort
by VasilyTrader
6
$UNI - $10 from here?Hi guys! 👋🏻 🔔I'll be trying this setup for Uniswap 🔔 We have bounced from the strong support at $4.80, which we retested in April 25 and May 7 forming a pattern impersonating a double bottom 🔔 With the current chart pattern and levels, I'll be expecting a jump with a target on $10. 🔔 Might drop to $5.70 before another move upwards. ✊🏻 Good luck with your trades! ✊🏻 If you like the idea hit the 👍🏻 button, follow me for more ideas.
GEMINI:UNIUSDLong
by azizelliott
4
SUI/USDT - Testing the Top of ValueSUI is back in focus as price pushes into a critical zone of resistance that has capped previous rallies. With key moving averages reclaimed and volume shifting in favour of bulls, the question now is simple - can it break free, or is this another trap before rotation lower? Let’s break down the current structure and what comes next! SUI is trading at a critical inflection point after staging a strong recovery off the March and April lows . The broader context shows a market transitioning from a bearish phase into a more constructive accumulation structure. The recent price action has been guided largely by reclaiming key areas of previous acceptance and value. However, sellers are still active at the upper bounds of this range. The next few sessions will determine whether SUI transitions into full breakout mode or requires further consolidation below resistance. ⦿ Volume Profile The Value Area Low (VAL) is anchored around $1.62 . This area marked the exhaustion point for sellers, triggering the current recovery leg. The Point of Control (POC), which represents the highest traded volume zone, sits at approximately $2.27 . This zone acted as a magnet for price through May and June and is now firmly reclaimed, reinforcing its importance as a structural support. The Value Area High (VAH) comes in at $3.82 . Price has recently reclaimed this level, which suggests buyers have shifted control of the auction. Acceptance above the VAH often implies that the previous range is no longer valid and a new range expansion could be underway. ⦿ Key Technical Insights Several technical levels align with this recovery. The 200-day MA and the anchored VWAP from the all-time high converge between $3.00 and $3.50. This area has been successfully reclaimed and held, adding further conviction to the bullish case. Above current prices, $4.12 represents the Yearly Open and a clear horizontal supply level. The market has shown hesitation here, as expected. The price action suggests sellers are attempting to defend this zone, but the overall structure remains bullish as long as higher lows are maintained. Support levels to monitor include $3.82, the Value Area High, and $3.50, where both the VWAP and the 200-day Moving Average provide dynamic support. Below that, the POC at $2.27 remains a crucial level of last defense for bulls. ⦿ Market Structure Structurally, the market has transitioned from a downtrend into a rounded bottom formation, which typically precedes more sustained uptrends. The higher low structure since the March lows confirms this shift. The recent push above both the POC and VAH further validates the strength of this reversal. Volume has supported this breakout. We saw clear expansion through the $3.00 handle, suggesting conviction among buyers. The visible consolidation just below $4.12 reflects natural supply pressure but not yet evidence of distribution. ⦿ Scenarios to Consider 1. Bullish Scenario: If buyers manage to establish acceptance above $4.12, particularly with daily closes through this level, the path higher opens cleanly. The low-volume node between $4.12 and approximately $5.00 suggests limited resistance in this zone. Price could expand swiftly toward $5.36 to $6.00 as a first target. 2. Healthy Pullback Scenario: Should price reject the $4.12 zone, a pullback toward $3.82 or even $3.50 would be healthy and expected. As long as the structure of higher lows remains intact and price holds above the reclaimed POC at $2.27, this pullback would likely serve as a base for the next leg higher. 3. Bearish Breakdown Scenario: A sustained loss of $3.00 would be the first real warning sign for bulls. Breaking below the POC at $2.27 would suggest a failed breakout and could see the price cycle back toward the lower end of the volume profile, targeting $2.26 or even the Value Area Low at $1.62. However, given current strength, this scenario looks less likely unless broader market sentiment shifts. I’m primarily focused on bullish scenarios or potential pullbacks, as the current market looks stronger compared to a few months ago. I believe we’re likely to see some decent long opportunities moving forward. Let me know your thoughts in the comments! 👇 ⚠️ Disclaimer As always, this post is purely for educational purposes. I am not a financial advisor, and nothing here should be taken as financial advice. Always consult your financial advisor before making any investment or trading decisions. Or at the very least, consult your cat. 🐱
by johntradingwick
1
RENDER - [Double bottom] - Resistances are meant to be broken- RENDER has successfully bounced back from the support by forming the double bottom pattern. - Double bottom pattern is bullish pattern, when it forms at the strong support it becomes extremely bullish. this is one of such scenario. - Im expecting some minor resistance at the local resistance around 4.3 - A successfull breakout this local resistance will push the price further high. Entry Price: 3.941 Stop Loss: 2.378 TP1: 4.413 TP2: 5.350 TP3: 6.887 TP4: 8.092 TP5: 9.810 Max Leverage 5x. Don't forget to keep stoploss. Support us by Liking and following. Thanks and Cheers! GreenCrypto
Long
by GreenCryptoTrades
1
How To Trade A Bullish 2618 Setup on the GER40A walkthrough of the 2618 Trading Strategy which is a secondary or more conservative way to enter a double top/bottom. In this case, due to the overall directional analysis of the Dax, this also might be a good opportunity to hop on a pullback for a larger bullish trend continuation trade. 2618 RULES Step 1 - Look for double top or double bottom. Step 2 - Wait for violation of peak. Step 3 - Look for pullback into a minimum 61.8 Fibonacci retracement. Hope you guys have a great week of trading and remember to let me know which profit target method you think you would go with. Akil
PEPPERSTONE:GER40Long
by Akil_Stokes