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Double Top or Bottom

US30 Testing Key Resistance ZonesUS30 has shown renewed bullish momentum with a strong breakout candle above the 42,800.00 resistance. After consolidating for several sessions, price surged upward, now hovering near the 43,800.00 zone—an important resistance level from prior highs. Support at: 42,800.00 🔽 | 41,900.00 🔽 Resistance at: 43,800.00 🔼 | 44,362.79 🔼 | 45,011.92 🔼 🔎 Bias: 🔼 Bullish: A daily close above 43,800.00 opens the path to test 44,362.79 and potentially 45,011.92. 🔽 Bearish: Rejection from current level and a break below 42,800.00 may trigger a pullback toward 41,900.00. 📛 Disclaimer: This is not financial advice. Trade at your own risk.
EIGHTCAP:US30
by SPOT_FX
Important midweek ETH update.In just four days, ETH has impressively climbed 19.37%, achieving a substantial trading volume of 34.9 million, indicative of both renewed interest and heightened speculative activity. This sharp move follows two intensely impulsive trading days that thrust price upwards aggressively, followed immediately by two days of intermittent volatility and macro consolidation—perfectly manifesting the anticipated Bart Simpson pattern previously identified and traded with clinical precision. Our initial boundary of the macro distribution zone at 2470 marked a critical juncture. ETH faced vehement rejection here, forming a violent wick as price sharply retraced, providing us with the ideal entry for our hedge short. This level—keenly highlighted in prior analyses—initiated a cascade of rapid selling pressure, driving price down with impressive velocity and ferocity directly into the pre-established supply zone. This pullback validated our short, subsequently propelling price downward into demand territory at approximately 2380, where immediate liquidity absorption occurred, confirming demand strength. Notably, ETH’s rapid recovery during the early Asian session surged back towards the optimal trade entry (OTE) region of the redistribution zone, affirming both market efficiency and the dynamic liquidity interplay present. This cyclical behavior reinforces the significance of clearly defined supply and demand zones, which have acted as robust reference points throughout this trading period. At this juncture, ETH finds itself at a critical crossroad—a profound decision point characterized by considerable uncertainty. Three distinct scenarios now dominate trader psychology and technical rationale: Liquidity Hunt Scenario: ETH could swiftly retrace to retest the mean, specifically targeting liquidity pools located near the spring wick from the latest impulse. Such a move would serve to shake out weak longs and solidify the market structure before another upward thrust. Continuation Scenario: A bullish advance could propel ETH towards testing the upper boundary of the overarching macro symmetrical triangle, aligning with continued momentum and suggesting further bullish intent supported by current oscillatory readings. Worst-Case Scenario (LL Scenario): The alternative, more extreme scenario involves ETH breaching structural integrity, aggressively flushing out late entrants with a sharp lower low (LL). While perceived as unlikely given recent volume and market resilience, this outcome cannot be discounted—particularly given global macroeconomic uncertainty and geopolitical tensions. Several exogenous factors compound this uncertainty, most notably ongoing international conflicts and recent market sensitivities tied to off-the-cuff comments from influential figures such as former President Donald Trump. These events amplify volatility potential, exerting tangible influence upon investor sentiment and market positioning. Analyzing the market structurally, ETH price action is now interacting directly at the apex of the current triangle structure, precisely aligning with the 50% Fibonacci retracement of the recent range—a pivotal area frequently respected by both algorithmic and discretionary traders. Complementing this technical view, oscillators such as the Relative Strength Index (RSI) currently hold a neutral stance at exactly 50%, highlighting equilibrium in buying and selling pressure and reinforcing the indecisive nature of the current market environment. However, adding weight to bullish sentiment in the near term, the Commodity Channel Index (CCI) presently indicates upward momentum, suggesting possible further upside if sustained during today's London and subsequent New York sessions. Consequently, immediate trading decisions should remain sensitive to intraday price behavior around these critical junctures. If you've closely tracked my analyses—especially the detailed insights shared in the recent macro Bart Simpson formation update—you'll likely have secured the short precisely at the 2503 rejection point, efficiently hedging against any potential drawdown from open long positions established lower down. This strategy exemplifies disciplined trading, strategically balancing risk and reward, capitalizing on clearly defined market structures and critical levels. Summarizing the current state of play with utmost clarity, ETH stands delicately poised between bullish confirmation and bearish capitulation. Intraday sessions in the coming hours, notably London open and subsequently New York open, are expected to provide the decisive directional impulse. Traders should actively monitor price response at these critical levels, maintaining protective hedges where necessary while remaining flexible and adaptive to emerging market dynamics. In conclusion, ETH’s immediate trajectory hinges upon nuanced market reactions at this strategically significant confluence point. Stay vigilant, as ETH approaches a potentially transformative decision—one offering both substantial opportunity and considerable risk, contingent upon disciplined execution and strategic clarity in your trading approach.
by SmartMoneyDayTrading
Bitcoin - We have to see new highs now!Bitcoin - CRYPTO:BTCUSD - is now at the previous highs: (click chart above to see the in depth analysis👆🏻) It could really not be more exciting on Bitcoin at the moment. With the current "all or nothing" potential breakout or double top creation, we will either see a bullrun or a bear market. So far, bulls are still strong, so the chances of a breakout luckily remain higher. Levels to watch: $100.000 Keep your long term vision! Philip (BasicTrading)
CRYPTO:BTCUSDLong
by basictradingtv
15
EURNZD Eyes 1.99 — Technical & Fundamental Bulls AlignedToday, I want to analyze EURNZD ( OANDA:EURNZD ) for you, which is in good shape both technically and fundamentally . Please stay with me. EURNZD is moving close to the Support zone(1.88750 NZD-1.7970 NZD) and 100_SMA(Daily) and has managed to form a Double Bottom Pattern . From the perspective of Elliott Wave theory , EURNZD seems to have completed the main wave 4 , and we should wait for the main wave 5 . The main wave 5 could complete at the Heavy Resistance zone(2.120 NZD-1.9927 NZD) . ----------------------------------- EURNZD – Fundamental Analysis: The EURNZD pair currently reflects a divergence between two very different economic outlooks. Eurozone (EUR): The European Central Bank (ECB) has recently begun cutting interest rates to support slowing economic activity, especially in the industrial and manufacturing sectors. Despite this dovish shift, inflation remains relatively under control, and the euro has held up well against riskier currencies thanks to global uncertainty and safe-haven flows. New Zealand (NZD): New Zealand's economy is under pressure. The latest GDP figures confirmed a weak growth outlook, and signs of a technical recession are mounting. While the Reserve Bank of New Zealand (RBNZ) has maintained a relatively hawkish tone, it faces a dilemma: inflation is sticky, but domestic demand and housing remain fragile. The RBNZ may be forced to soften its stance sooner than expected. Outlook: This fundamental backdrop supports a bullish bias for EURNZD. The euro’s relative stability versus the increasingly vulnerable New Zealand dollar makes this pair attractive for long positions — especially if upcoming NZ data disappoints or global risk sentiment weakens further. ----------------------------------- Based on the above explanation, I expect EURNZD to rise to at least 1.9917 NZD . Note: Stop Loss(SL): 1.8779 NZD Please respect each other's ideas and express them politely if you agree or disagree. Euro/New Zealand Dollar Analyze (EURNZD), Daily time frame. Be sure to follow the updated ideas. Do not forget to put a Stop loss for your positions (For every position you want to open). Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Long
by pejman_zwin
1
6/24 Gold Analysis and Trading OutlookGood morning, everyone! Gold closed yesterday with a T-shaped candlestick. Although there was an intraday recovery after briefly breaching the MA20, the closing price remained below the MA5, indicating continued pressure on the upside. Today’s opening saw a direct drop in price, suggesting a potential break below key support. Two important levels to monitor today: Whether the closing price stays above 3355 Whether the intraday support at 3328 holds If 3328 breaks down, the 3300 level may become the next major battleground between bulls and bears. Driven by geopolitical news, gold has shown sharp volatility over the past two days. While this increases trading risk, it also presents more opportunities. From a technical perspective, today’s strategy should prioritize selling on rebounds, with buying at lower levels as a secondary approach. As always, stay disciplined and manage risk effectively.
FOREXCOM:XAUUSDShort
by China_MsWang
EUR/USD analysis and pending orderTwo days ago, there was a FED meeting, where it was stated that the benchmark interest rate will be kept at 4.25-4.50% level. What is important is what they told - the expectations - economicp rojections are lower, and inflation is higher. Maybe they’ll decrease rates in future? Right now, it’s not so important. It’s summer already, and by the old “Sell in May, and go aways” mentality, I don’t expect some huge impact on the market. I know… Iran, Israel, Trump, maybe even Putin? Anybody can do some stupit stuff and everything can go to Hell. And it’s Friday, not very smart time to open trades, so I’m putting pending order. I decided for EUR/USD. Timeframe is 4h. On my chart I can see clear uptrend in the last couple of weeks, especially in the last 3 months. Also, I see lower highs. Upward trend is breached… Where it could stop? Overall, I don’t expect the pair will come near parity, even though ECB lowered rates before FED did. But some “selloff”, probably. I used good old Fibonacci, draw it, and the price could potentialy drop to 50% level or even ideal 61…8%-78.6% zone. Pending entry: 1.15577 TP: 1.12645 SL: 1.1671 If it activates today, I’ll leave it over the weekend.
Short
by justcoinme
4
TOTAL 2 Analysis (6H)The TOTAL2 chart — representing the altcoin market cap excluding Bitcoin — currently shows signs of weakness. A double top formation has emerged and is actively playing out. In addition, a micro trend change of character has clearly appeared, further validating short-term bearish pressure. Technical Observations: Price recently retested a broken support level and failed to reclaim it — a typical bearish confirmation. In such scenarios, it’s common for the price to decline at least the depth of the double top formation. However, it’s important to note that macro trend indicators still remain bullish, so entering aggressive short positions is not advised. Instead, consider setting alerts at the key reversal zones marked on the chart — these levels are likely to trigger a strong rebound. If TOTAL2 breaks above the $1.23T resistance, this double top analysis becomes invalid. — Thanks for reading.
CRYPTOCAP:TOTAL2Short
by vs_sayin
1
#Btc Breakdown Begins: Double Top + Iran-Israel Tensions = CrBitcoin has clearly formed a double top pattern and is currently hanging near the critical 100K support. If this level breaks, we may first see a fall to 90K, followed by a deeper decline toward 73.5K. If that too fails to hold, the market could slide drastically to 64K–45K zones. The pattern indicates Bitcoin is exiting the distribution phase, with profit booking at aggressive levels. The Iran-Israel conflict, intensified by U.S. involvement, has triggered panic and short positions across the market. This is a high-risk environment, and long entries could be dangerous right now. Caution is advised — we are entering a potentially sharp correction phase.
BINANCE:BTCUSD.PShort
by crypto_vulture_signals
Birlasoft Ltd (BSOFT) – Long-Term Technical Analysis (TF-1D)📊 Chart Pattern Observed: • The stock is forming a symmetrical triangle pattern, a consolidation pattern often leading to a breakout. • Points A-B-C form higher lows, showing long-term support. • The upper resistance lies near ₹739.90, indicating a potential breakout target. ⸻ 📉 Current Price: • ₹421.40, which is just above the highlighted “Best Buying Range” zone. ⸻ 🟨 Best Buying Zone: • Marked between ₹387.25 and ₹351.25. • This zone is close to the lower trendline support (rising support), making it an ideal accumulation level. ⸻ 📈 Upside Potential: • If the stock sustains above the trendline and continues the triangle structure, it may head toward the ₹739.90 level. • A breakout above ₹739.90 could trigger a strong upward move. ⸻ 🔍 Momentum & RSI: • The RSI is at 43.28, which is near the lower end — suggesting the stock is neither overbought nor oversold. • Good for long-term entry if bullish confirmation appears. ⸻ 📌 Key Support Levels: • ₹387.25 (first support) • ₹351.25 (strong support) 🚀 Key Resistance: • ₹739.90 (major breakout level) ⸻ 📝 Conclusion: Birlasoft is currently in a long-term consolidation phase within a symmetrical triangle. The current price is above a strong support zone, making it a good risk-reward entry for long-term investors, especially between ₹387–₹351. A breakout above ₹740 could signal a major bullish rally. ⚠️ Disclaimer: This analysis is for educational purposes only. I am not a SEBI registered advisor. Please consult your financial advisor before making any investment decisions.
NSE:BSOFTLong
by Alpha_strike_trader
SNOWFLAKE to $369Snowflake Inc. is an American cloud-based data storage company. Headquartered in Bozeman, Montana, it operates a platform that allows for data analysis and simultaneous access of data sets with minimal latency. It operates on Amazon Web Services, Microsoft Azure, and Google Cloud Platform. As of November 2024, the company had 10,618 customers, including more than 800 members of the Forbes Global 2000, and processed 4.2 billion daily queries across its platform #DoubleBottom #Wformation
NYSE:SNOW
by BallaJi
HYPE Long-short-Long planHYPE is good for the short-term long-position at this moment, as it could go as far as 40 from 34.18 to form a Second shoulder. But it will not sustain over there, and will come down to 22. There could be another possibility that it may come between 28-29 and form shoulder 2, and then come back to 22. I will only enter a long position when it takes support from 28 or 22. Future traders may see short opportunities near 40-41. You will have to wait for price rejection at 40-41. If it fails these 2 support areas, then I will look for 15-16.
Long
by aqma
AMAZON TROUBLENASDAQ:AMZN Is currently trading Just 11% below its all time high and currently Facing exhaustion. Amazon is currently trading 217$ range which was previous support now turned resistance (Daily Timeframe) , making a double top pattern and a negative divergence on the RSI. The best Trades are the ones with multiple confirmations - Trading at a resistance (1D chart)✅ - Negative Price Action at the resistance (Double Top Pattern)✅ - RSI negative divergence✅ - Market Structure ✅ Entry Criteria - A Red candle at the entry Line Marked - Stoploss Above the Entry Candle Target 1- 211$ Target 2- 208$ Keep Your Risk Reward Intact! Not An investment Advice
NASDAQ:AMZNShort
by REUBEN_EUSTACE
Crypto consolidating ahead of rally towards All Time HighsWith US equity markets closed for Juneteenth, I'm checking in on an equal weight basket of cryptos. Recently I said crypto looked to be heating up for a run at new highs. As I look today, prices appear range bound on the daily chart. There's a bearish double-top formation, beside declining momentum. The bottom of the range resting at the 200 Day Moving Average, and a test of it seems likely. Should there be a bounce off the 200 Day SMA, and a break through the top end of the range we might get a shot at those new All Time Highs.
BITSTAMP:BTCUSDLong
by quickshiftinn