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Double Top or Bottom

NVDA Topping PatternUnlike the previous call, I made in NVDA that was corrective. This double-top pattern is signaling a reversal pattern. From a trading perspective, this is a great risk/reward setup that is relatively simple. A CRACK! here will likely lead to at least the right side filling, with the potential deeper pullback (reversal) If on the other hand, it pops above recent highs then no trade or an easy stop out. As you all know I don't do targets, I think they are silly and only used to pretend one has such insight not only can they call the move but also a "target" too. Yeah well, I'll leave that to the "experts" ;) Bulls don't be a dick for tick. Shorts take some early profits to improve cost basis but let this one ride!
NASDAQ:NVDAShort
by RealMacro
6
BBWI Buy Setup - Strong Support, Risk/Reward 1/16Ticker: NYSE:BBWI (Bath & Body Works) Long Entry: Near current strong historical support level Target: Last high (considered as take profit point) Stop-Loss: Just below current support Risk-Reward Ratio: ~1:16 Analysis: NYSE:BBWI has reached a strong historical support level and recently formed a local higher high, signaling a potential reversal to the upside. Additionally, volume has spiked, suggesting that recent panic selling may have seen shares shift from amateurs to professionals, who tend to buy at strong support levels. Owning alongside professional buyers can be advantageous, as it often reflects more strategic positioning. The current setup provides a solid risk-to-reward ratio of about 1:16 up to the last high, which can be considered a key take-profit point. While this high serves as a primary target, I plan to manage my position flexibly, potentially closing portions earlier or holding some for further upside if the trend remains favorable. Strategy: Entry: Buy near current support level Stop-Loss: Set just below support Target: Last high as primary take-profit level; partial closes based on trend continuation Key Points: Volume spike at support suggests strong buying interest, possibly from professional buyers Local higher high supports a potential uptrend Risk management is crucial, with a close stop to limit downside and a favorable target ahead Conclusion: With strong support, higher volume, and potential professional buying, NYSE:BBWI offers a compelling long opportunity with a favorable 1:16 risk-reward ratio up to the last high. This setup allows for both targeted and flexible profit-taking as the trend develops. Note: I’m already in this position—I entered 7 weeks ago at the bullish engulfing pattern around the $29.21 level. I meant to share the idea back then, but the current market conditions are still quite similar, reinforcing my confidence in this setup. Disclaimer: This is not financial advice. All information is for educational and informational purposes only. Trading and investing involve risk, and it’s essential to do your own research or consult a licensed financial advisor before making any financial decisions.
NYSE:BBWILong
by PattRec
VZ looks bullish intermediate termVZ is again at the top of its one-month regression channel, having last tested it on Monday. I think there's a good chance that this new push will succeed. If so, it will quickly bring the post-earnings gap into play (red drop in the chart). A second, shallower gap is above. The Sep 30 high on the chart is also the YTD high, as the stock is near the top of a 2-year bottom consolidation. On a daily chart there's also a double bottom pattern that has been in place since early September. For VZ 17 of the last 22 double bottom patterns have reached their first profit target, which in this csae is at $44.81, just above the YTD high. I am already long VZ with stock, but today added a vertical call spread. I view both positions as swing trades, not investments, and will reassess if/when the stock reaches the top of its post-earnings gap. If the stock were to substantially drop below the upper edge of its regression trend, I would likely exit both positions.
NYSE:VZLong
by matthias
Puma Biotechnology | Chart & Forecast SummaryKey Indicators On Trade Set Up In General 1. Push Set Up 2. Range Set up 3. Break & Retest Set Up Notes On Session # Puma Biotechnology - Double Formation | Downtrend * Triangle Subdivision - HH & HL | Uptrend Infliction - Entry Bias Hypothesis | 012345 - Retracement | Wave Confirmation Active Sessions On Relevant Range & Elemented Probabilities; London(Upwards) - NYC(Downwards) Conclusion | Trade Plan Execution & Risk Management On Demand; Overall Consensus | Buy
CAPITALCOM:PBYILong
by TradePolitics
Cronos CRO In Trouble - BUY & HODLCronos can go bust, but even so, it's on Sale. CROUSD / CROUSDT will go straight bull at one point. So, I am still buying these poopy coins on each major fall they have. Yeah, that's what I do.. putting my money into a black hole. My next good BUY LEVEL: $0.03 . Who knows, maybe I'll actually get rich. My Technicals on CRO: * Elliott Wave A-B-C Pattern * Fibonacci Retracements * Fibonacci Time Zones * Double Bottom * Cycle Analysis * Bullish Divergence Fibonacci Time Zones tell me that the beginning of '23 will be amazing!
COINBASE:CROUSDLong
by Lionheart-EWA
15
DOGE To Mars - The Elon RideDOGE got a memorable boost with the previous FOMO. With the Crypto Markets preparing for the next boom, I think this one will go again. This dog went to the Moon, now Elon's gonna take it to Mars. I will not hesitate to get my hands on this Dogecoin at the $0.03-$0.01 range. DOGEUSD ( DOGEUSDT , DOGEBUSD ) Tech. Analysis: * Elliott Wave Impulse: Cycle A (white) * Elliott Wave Correction: Primary A-B-C (red) * Ending Diagonal: Primary C (red) * Bullish Divergence * Demand Zone * 88.6% Fibonacci Retracement * 61.8% Fibonacci Extension * Double Bottom It might take a while, but it proved to be a nice meme coin. So, might as well get some if it provides a better level.
BINANCE:DOGEUSDLong
by Lionheart-EWA
8
Ripple XRP - The Banks Worst Nightmare - Beast ModeRipple ( XRP ) will put the banking system to the test. Many attempts to shut down this "wonderful" coin have been made. Still, it's alive, has a pulse, and it's barely getting started for the New Crypto Age. It will take some time indeed, until it would be implemented in the systems. All I can say is that, IMO, the Crypto Revolution is inevitable. Anyway, let's get on with it and have a deeper look at Ripple. XRP ( XRPUSD , XRPUSDT , XRPBUSD ) Tech. Analysis: * Elliott Wave A-B-C Pattern: Cycle a-b-c (red) * Ending Diagonal in Cycle C (red) * 88.6 Fibonacci Retracement * Bullish Divergence * Demand Zone * Double Bottom There you have it! A trading set-up. But where's the level bro? Oh.. yeah, it's $0.175 . Good luck you HODLer!
BITFINEX:XRPUSDLong
by Lionheart-EWA
10
Solana to $750 - BUY & HODLSolana will not go bust, it's too big for that. SOL ( SOLUSDT , SOLUSD , SOLBUSD ) has great value behind it. The project is amazing, and it's on SALE! So, I am holding and adding even more @ $5 . Yeah... when people are panicking, I buy. :)))) My Technicals: * Elliott Wave A-B-C Pattern * Double Bottom * Demand Zone * Double Bottom * Fibonacci Retracements The Fibonacci Time Zones point me to a Bull Market Cycle starting with '23. Good luck getting rich! :D
BINANCE:SOLUSDLong
by Lionheart-EWA
32
Bitcoin Dominance: Elliott Wave and Harmonics ComboBitcoin Dominance ( BTC.D) is giving a fantastic trading setup. It's preparing a BIG Bullish Swing. From an Elliott Wave point of view, a bullish Impulse Wave is about to start. In this case I'm talking about Super-Cycle (C) (turquoise). Moving on to Harmonic Patterns, there are two: The smaller one is the Bullish Shark, which is preparing its completion. The second one, and the bigger view, is the Cypher Pattern, which will commence one the Shark is done. So, bottom line: BTC.D is gonna start flying, and will push the Crypto market into a fantastic Bull Cycle. Bitcoin Dominance ( BTC.D ) Technical Analysis: * Elliott Wave Impulse: Super-Cycle (C) (turquoise) * Harmonic Pattern: Bullish Shark * Harmonic Pattern: Bullish Cypher * Double Bottom * Bullish Divergence * 88.6% Fibonacci Retracement * 61.8% Fibonacci Extension * Demand Zone Conclusion: Bitcoin (BTCUSD) is and always will be the one and only driver of the Crypto Markets.
CRYPTOCAP:BTC.DLong
by Lionheart-EWA
15
Franklin Covey Company | Chart & Forecast SummaryKey Indicators On Trade Set Up In General 1. Push Set Up 2. Range Set up 3. Break & Retest Set Up Notes On Session # Franklin Covey Company - Triangle & Subdivision Infliction * 1 & 1 Both Sides - Triple Formation * Support=0 | Wedge Structure & Double Bottom - 012345 | 0&1 Downtrend Bias Active Sessions On Relevant Range & Elemented Probabilities; London(Upwards) - NYC(Downwards) Conclusion | Trade Plan Execution & Risk Management On Demand; Overall Consensus | Neutral
NYSE:FC
by TradePolitics
Crowdstrike Holdings, Inc. | Chart & Forecast SummaryKey Indicators On Trade Set Up In General 1. Push Set Up 2. Range Set up 3. Break & Retest Set Up Notes On Session # Crowdstrike Holdings, Inc. - Entry Bias Hypothesis | Double Formation * Pennant Structure | Wedge Structure - 012345 | 0&1 | Continuation Bias * Double Bottom | Triple Formation(Demand=0) Active Sessions On Relevant Range & Elemented Probabilities; London(Upwards) - NYC(Downwards) Conclusion | Trade Plan Execution & Risk Management On Demand; Overall Consensus | Buy
NASDAQ:CRWDLong
by TradePolitics
Polkadot at the base, watch for bounceHello everyone, here is a very simple and clean chart of DOT/USDT. Reasons I am bullish on it: 1) DOT is at its base (4 USDT), a strong support from Sept 2020. 2) DOT respects weekly EMA (10) - when price is below, it is bearish. Alternatively, when price is above, it is bullish. 3) Last bull run in 2021 - once it crossed 10 weekly EMA, it went parabolic making a 10x gain. 4) It just made a double bottom. Last time it was at this price about a year ago it went on a 2,5x run. 5) Volume shows that it has been in accumulation for the last year. 6) BTC made ATH, altcoins will most likely follow. Not all will reach new ATHs but if you enter a trade at the bottom, you do not need an ATH to make an excellent profit. Trade idea: Since price action is still below 10 EMA it is technically still bearish. I have started accumulating, turning small part of my portfolio to DOT. My approximate TP levels: - 9 USDT - 11 USDT - 18 USDT - 35 USDT - 50 USDT Not a financial advice. Do your own research. Good luck!
Long
by carefulCheese32259
2
Be patient with XLMUSD, it's time will comeHello everyone, today I choose to talk about XLM. Many consider it a dead coin, since it did not make a new ATH in 2021. But I prefer trading with verified coins that have been around for long enough to establish patterns in their charts. And I trade based on these patterns. This is a weekly chart of XLMUSD. It is one of the sleepiest coins. But when it wakes up, it is a rocket. How to read my chart: - When XLM is in bull market, it respects 21 weekly EMA -> price action above it. (arrow up) - When XLM is in bear market, it respects 21 weekly EMA -> price action below it. - In accumulation, price action plays with 21 weekly EMA, goes above it then below, then again above it, and below... (rectangle) Sure, this does not help, right. How could you know if we are still playing with 21 weekly EMA or is this cross above start of parabolic rise. Well, the answer lies in RSI. XLM goes parabolic once weekly RSI crosses above 70 (circle). We are not there yet so I do not expect fireworks tomorrow. Remember, XLM is one of the last ALTs in the bull run to wake up, that is why its bull runs are so violent. Because once it wakes up it makes up for all the sleeping in matter of few weeks. More info on XLM: - XLM created its base (red line). It has respected it since 2018. It has touched it in 2023 and 2024. - People think XLM slept through 2023 bull run and hence is dead. But the fact is that the 2023 bull run is still not over and XLM will mark the end of it with its parabolic run. I have started to slopwly accumulate XLM with the money gained from BTC and other ALTs that have already surged. XLM potential is from 5x to 15x. You choose and determine where you want to take profit. BUT MAKE SURE TO TAKE THE PROFIT! And remember: If you buy low, you do not need coin to break ATH to make substantial amount of money. Buying price is much more important then selling price. Good luck. P.S. Check my other posts. If you find value in my ideas, boost and share them. If you want to stay notified, follow me.
COINBASE:XLMUSDLong
by carefulCheese32259
12
XDC working on a double bottom/invh&s combobreakerAfter some very bullish priceaction over on the 1day chart, coinciding with the 1day chart’s golden cross, : XDC has now found itself above the weekly 200ma (blue line)show on this weekly timeframe man idea I posted at the top of this page. Once it can solidify support on the weekly 200ma it should then break above both the tan trendline(inverse head and shoulder neckline) and the green trendline(double bottom neckline) once it hits the top target for the double bottomsbreakout XDC will then have made over 800% gains since the bottom of the market where it was trading at just below 2 cents. Now that it has gotten the same daily chart golden cross springboard launchpad several other alt coins have gotten I think it will reach these targets sooner rather than later. *not financial advice*
BITFINEX:XDCUSD
by DrDovetail
XDC working on a double bottom/invh&s combobreakerAfter some very bullish over on the 1day chart coinciding with the 1day chart golden cross: XDC has now found itself above the weekly 200ma (blue line)show on this weekly timeframe man idea I posted at the top of this page. Once it can solidify support on the weekly 200ma it should then break above both the tan trendline(inverse head and shoulder neckline) and the green trendline(double bottom neckline) once it hits the top target for the double bottomsbreakout XDC will then have made over 800% gains since the bottom of the market where it was trading at just below 2 cents. Now that it has gotten the same daily chart golden cross springboard launchpad several other alt coins have gotten I think it will reach these targets sooner rather than later. *not financial advice*
BITFINEX:XDCUSD
by DrDovetail