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Double Top or Bottom

Can KNX Challenge Resistance with Analyst Support?Trade Summary 📝 Setup: KNX building higher lows above rising support; testing multi-month resistance zone. Entry: Watching for long entry on a break above $46.26. Stop-loss: Below $44.20 (just under trendline support). Targets: $49 (near double top resistance), $52.32 (analyst price target). Risk/Reward: Attractive with defined risk and upside to multiple levels. Technical Rationale 🔍 Rising trendline support shows bulls steadily defending higher. Price compressing just below a prior pivot/high—breakout could spark new momentum. Double top at $49 offers a logical first target; further room if bulls push to analyst target at $52. Catalysts & Context 🚦 Analyst 1-year price target sits at $52.32 (+17%), with a “Buy” consensus rating. Trucking/transport sector showing signs of rotation after long weakness. Upcoming earnings and macro data could act as catalysts for a move. Trade Management Plan 📈 Entry: On confirmed break and close above $46.26. Stop-loss: Just below $44.20 support. Scaling: Trim at $49 (double top area); hold runners for $52.32 if momentum continues. What’s your move on KNX? 🔼 Bullish—Breakout incoming 🔽 Bearish—Resistance will hold 🔄 Waiting for confirmation *** Follow us now to ensure you don't miss the next big setup *** Disclaimer ⚠️: Not financial advice. Trade at your own risk and always use stops.
NYSE:KNXLong
by NinjaCodeSolutions
NEAR ANALYSIS (3D)NEAR Protocol has formed two strong bullish patterns and looks ready to climb, especially with the highly anticipated altseason on the horizon. 🔹 A harmonic structure from the previous cycle remains intact. 🔹 A double bottom formation is now clearly developing. If NEAR manages to close a daily candle above the $3 level, we could see the price double in the short term. On the fundamental side, NEAR is preparing for a vote to reduce its inflation rate. If the proposal passes, the circulating supply will decrease, potentially triggering a strong bullish run. As a leading AI-focused project, NEAR could spearhead the next wave of AI-related gains in the market. (Read here for details): www.near.org All technical and fundamental signs point upward. Thanks for reading.
Long
by vs_sayin
EUR/JPY – Double Top with RSI Divergence (Bearish Setup)Technical Analysis (Short Trade Idea) EUR/JPY is forming a textbook double top pattern with notable bearish signals: First top: 173.242 S econd top: 173.111 (lower high, indicating weakening bullish pressure) Neckline: 171.650 – key support level, potential breakdown trigger RSI divergence: Bearish divergence observed as RSI prints lower highs while price forms nearly equal tops, signaling momentum loss This structure suggests a potential reversal from recent highs. A short opportunity may arise if price breaks below the neckline at 171.650 with confirmation. Trade Setup Sell Stop: 171.650 Stop Loss: 173.148 Take Profit 1: 170.180 Take Profit 2: 168.642
Short
by fahadfarooq54
2
LULU – Double Bottom + RSI Divergence: Multi-Target Setup After LULU NASDAQ:LULU is showing signs of a potential bullish reversal after forming a double bottom structure around the $220 support zone , along with a bullish divergence on the RSI indicator. Two vertical lines highlight the divergence: while price made a lower low, RSI formed a higher low – indicating a possible momentum shift in favor of buyers. Currently, price is moving just below a descending trendline, which has been acting as dynamic resistance. The first condition for a long setup is a confirmed breakout above this trendline followed by a successful retest. If that happens, an entry can be considered . 📌 Entry Plan: Entry: After a breakout and retest of the descending trendline. 1st TP: ~$247 — This level coincides with a local resistance zone, which may act as a neckline of the double bottom. If price breaks above $247 and retests, it confirms bullish continuation. 📈 Target Structure: 2nd TP: ~$271 — next major resistance zone. 3rd TP: ~$297 — aligns with the first major gap zone. 4th TP: ~$329 — final gap resistance from previous sell-off levels. This structure allows for scaling into the trade in stages — each breakout and retest offers a new confirmation and extension to the next target zone. Volume analysis, price action, and RSI momentum all support the probability of a trend reversal — but confirmation is key. Not financial advice. Always conduct your own research and risk management.
NASDAQ:LULULong
by Binhuseyn
6
NZD/USD Technical Analysis | Smart Money Perspective🧠 NZD/USD Technical Analysis | Smart Money Perspective On the current NZD/USD chart, price is trading around 0.5960, positioned between a clearly defined resistance zone (0.6130–0.6150) and a support zone (0.5890–0.5900). We can observe the following key technical elements: 🔹 1. Liquidity Sweep Price recently broke below the previous swing low near 0.5900, tapping into a pool of sell-side liquidity. This movement is commonly interpreted as a liquidity grab, where institutions manipulate price to trigger retail stop losses before reversing. 🔹 2. Double Bottom Formation The chart indicates a potential double bottom forming at the support level — a classic accumulation signal. This pattern suggests buyers may be stepping in after liquidity has been taken out, anticipating a reversal. 🔹 3. Fair Value Gap (FVG) An FVG (imbalance) is visible in the range of 0.5985 to 0.6015. This inefficiency was created by a sharp bearish move, leaving price action unbalanced. Price is now expected to retrace into this area to rebalance orders — a common smart money behavior. 🔹 4. Market Structure Outlook If the double bottom confirms with a bullish break of structure above 0.5980, we could expect a continuation toward: First Target: FVG zone around 0.6015 Second Target: Major resistance near 0.6150, where past distribution occurred. ✅ Conclusion This setup combines key smart money concepts: Liquidity grab below support Accumulation phase at demand FVG as target Potential bullish market structure shift Traders should monitor price action around the support zone for confirmation (e.g., bullish engulfing or break of short-term highs) before entering long positions. Targets remain at the FVG and resistance zones, but risk management is essential in case of a deeper sweep or macroeconomic catalyst.
Long
by Mentor_Michael03
DOGE Weekly Double Bottom: Eyeing 5 Fibonacci TargetsDogecoin (DOGEUSD) is showing a bullish double bottom pattern on the weekly chart, suggesting a potential long-term reversal from previous downtrends. This classic accumulation pattern is forming near a key historical support level, adding confidence to the bullish case. Using Fibonacci extensions from the neckline breakout, I’ve identified 5 major target zones: Target 1: 0.35054 — conservative target confirming breakout Target 2: 0.47606 — often hit during early momentum phases Target 3: 0.59212 — key level for profit-taking and resistance Target 4: 0.92785 — full measured move of the double bottom Target 5: 1.16687 — aggressive bull target if momentum continues The breakout is only confirmed if price holds above the neckline with strong volume. Risk management is crucial in case of a retest or false breakout.
Long
by cecilion1998
SUPER - Getting ready for the super run- Price is trading near the resistance after forming higher high. - it's highly likely that price will get rejected around the resistance and will form another higher high. - this is an excellent opportunity for us to enter the trade. Entry Price: 0.7322 Stop Loss: 0.5344 TP1: 0.8939 TP2: 1.0517 TP3: 1.2867 TP4: 1.6336 TP5: 2.2243 Max Leverage 5x. Don't forget to keep stoploss. Support us by Liking and following. Thanks and Cheers! GreenCrypto
Long
by GreenCryptoTrades
1
$Eth Faces Double Top Resistance with Bearish RSI DivergenceETH/USDT | 4H Analysis Ethereum is currently showing signs of weakness on the 4H chart, forming a potential double top pattern around the $3,700-$3,680 range. Adding to this, the RSI is exhibiting bearish divergence, suggesting that bullish momentum is fading. There's a visible liquidity gap between $3,200–$3,180, which might act as a magnet in the short term. A retest of this zone is likely before ETH attempts to resume its upward move. Key Observations: 🟠 Double top structure on 4H chart 🔻 Bearish RSI divergence 🕳️ Favorable gap: $3,200 – $3,180 🔁 Watch for price reaction after retest ⚠️ If ETH holds the $3,180 support after filling the gap, a bullish bounce toward higher levels could follow. 📌 This idea is for educational purposes. Trade wisely with proper risk management.
BITSTAMP:ETHUSD
by crypto_vulture_signals
1
GBPAUD Downward Pressure - Bearish Confirmations Swing TradeAlthough price has been consolidating between a daily resistance and support, I am currently seeing multiple rejections in resistance and bearish candlestick patterns that indicate pressure to the downside will soon follow. A rejection in the current highlighted resistance and a break of support will take price to weekly demand. Always wait for the right confirmations - especially when price is range-bound like it is now.
Short
by Moipone_Phakisi
BONKUSDT: Bullish Setup Brewing! Are You In?#BONK is flashing strong bullish signals on the 1D timeframe: Double Bottom Pattern – A textbook reversal signal Break & Retest of Key Resistance – Now acting as solid support Price at CMP (Current Market Price) – In the ideal buy zone This confluence of signals suggests momentum is shifting in favor of the bulls. If volume kicks in, we could see a sharp breakout toward the next resistance levels. Trade Plan: Entry: CMP SL: 0.00000886 Target 1: 0.00002607 Target 2: 0.00003989 Always use proper risk management! What’s your view on #BONK? Bullish or Bearish? Drop your thoughts in the comments and let's discuss! Don’t forget to like and follow for more setups! #BONK #Crypto #Altcoins #TechnicalAnalysis #Breakout #DoubleBottom #TradingView
Long
by mudusir
6
Double Bottom Pattern on LULU“LULU is forming a potential Double Bottom on the daily chart, with two lows around $222 (support) and a neckline at $252. The pattern suggests a bullish reversal if the price breaks above $252 with strong volume. RSI is showing bullish divergence, and the 50-day MA is converging near the neckline, adding confluence. Target: $275.50 (pattern height added to neckline). Stop loss below $215 for a 1:2 risk-reward. Watching for a breakout with increased volume to confirm.”
NASDAQ:LULULong
by Gutta_CEO_
Current XAUUSD TradeDate: July 16, 2025 Platform: TradingView (Demo Account) Timeframe: 15M (Entry), 4H (Bias/Context) Direction: Long Status: Entry zone identified, waiting for confirmation Strategy Type: POI Re-entry after BOS (Break of Structure) ⸻ 🔍 Market Context • On the 4H, bullish BMS is confirmed after sweeping sell-side liquidity. • Price has aggressively moved upward, showing intent to continue bullish. • 15M structure now shows break of previous SND zone, shifting lower-timeframe flow to bullish. • POI zone identified — price likely to return here for a mitigation tap before full continuation. ⸻ 🧠 Trade Rationale • POI marked as a mitigation zone for re-entry after BOS on 15M. • Confirmation will be valid only after price closes above the wick (shows strength). • Expecting return to POI to mitigate imbalance or unfilled orders. ⸻ 📍 Entry Criteria • POI zone: between ~3,327 and 3,316 • Watch for: • Bullish SFP (swing failure pattern) • Bullish engulfing candle • 15M BOS + higher low confirmation inside POI • Entry trigger: Price must close above the wick, then return to POI with bullish reaction ⸻ 🧾 Management Plan • Stop Loss: Below POI (~3,316 or slightly lower) • Take Profit: 3,492 (upper 4H imbalance zone) • Trail stop based on 15M structure if price accelerates ⸻ 😌 Emotional Reflection Comfortable identifying refined entry after HTF structure shift. No FOMO — POI must react cleanly and respect my conditions. ⸻ ✅ Reflection Questions • Did I wait for the proper 15M BOS before marking my POI? • Did I define my confirmation model clearly? • Will I enter only if the wick is closed above and POI is respected?
OANDA:XAUUSDLong
by NoFaceNoCase2020