From a technical perspective, there hasn't been a definitive signal indicating a trend reversal for the SPY 500. Back in May to October 2023, the SPY exhibited a clear "M" pattern or double top, experiencing a drop of approximately 5%, retracing back, and then dropping around 10%, forming the M pattern. If we compare this M pattern with the current price action,...
Gold creates Double Top pattern it will go down after the double-top pattern will confirm TRADE PLAN: ENTRY AT 2316 TP1 2301 TP2 2285 SL 2335
this is my idea, rsi give me a big divergence when the price goes up, whit a big run.
#ID The price is moving in a downward channel trend on the 12-hour frame and sticking to it well After bouncing from a major support area in green at the 0.560 level, which is a very strong area We have an upward trend to touch the Moving Average 100 at the third target We have a downtrend on the RSI that is about to break higher Entry price is 0.630 First goal:...
Hi Traders ! Previously, The SPX500 Price Formed a Bearish Double TOP Pattern. Currently, The Price Broke The Support Level (5081.27 - 5051.43). This Key Level Becomes a New Resistance Level ! So, I Expect a Bearish Move 📉. TARGET: 4976.00🎯
Hi Traders ! The USOIL Price Formed a Double TOP Pattern. So, Let's Expect The Bearish Scenario: If The Market Breaks and Closes Below The Neckline, We Will See a Huge Bearish Move 📉 TARGET: 81.35🎯
See the double top? When the markets open today I'll put a sell order, prices is testing the broken support. At the same time SPY is testing the 500 level and I think is going to be rejected again so expect another sell off soon. Is going to take more for the market to break out the 500 level. We will see a lot of volatility in on the upcoming days and I intend to...
First of all, I acknowledge that I've changed my mind on AGIX short term price prospects (see previous post in link below). I acknowledged a risk of a pullback but the resulting move was much more decisive than I was expecting. The Bitcoin wobble has really sparked some sudden short-term reversals and hurt the technical charts of a vast number of coins, but it has...
Hello How are you ? We have Double Top And penetration of Neck So l respect the selling
In this chart we have spotted a Double Top Formation, we are waiting for Red Candle to close then we take an entry. Bearish Divergence also spotted. Entry, TP & SL levels are placed accordingly
Usdjpy showed signes of bearish price action. before market closed thursday i got in usdjpy sells and i was up $230 profit with a floating balance of $333. After USDJPY NFP new came out friday it quickly moved to the upside surpassing my entry by 10 pips or less so i got out at a $30 loss leaving my account with a remaining balance of $112. * Market outlook and...
Traders, In this market update I am discussing the numerous "M" Patterns that I am seeing on the crypto charts. We'll talk about where we possibly could pull back to. And we'll take a look at the U.S. stock market: DXY, VIX, SPY, and NVIDIA and the impact they are having on crypto right now. Apologies for the quiet voice. I will ensure this is fixed before the...
Strategy: Short Entry: 6,74600 TP: 6,29000 (6,76%) SL: 6,97500 (3,39%) Decision Making process: Subtle RSI bearish divergence EMA crossover Double Top bouncing off resistance and failing support Support retested General (BTC) bearish market
USDJPY did exactly what was explained in my first break down. I'm still sell biased and i feel like NFP is only going to push price to the downside also so everything should work in my favor.
Usdjpy at a major level of resistance sp i decided to short with a 1:3RRR *Usdjpy shorts eveerytime price gets to this level
Hello Traders ! On Wednesday 28 Feb, The USDCAD Reached a Resistance Level (1.35898 - 1.36269). The Price Formed a Double TOP Pattern. Currently, The Neckline is Broken ! ---------- TARGET: 1.34940🎯
USDCAD structure looks pretty amazing on higher and lower timeframes. really not much to say. everything is in the videos . hope you guys watch the whole thing and paying attention
EURAUD overall was in a pretty convincing correction stage. the overall market behavior was showing correction swings or pull backs so i dissected the market until i understood what was happening to then enter sells.