HAVELLSHavells made double bottom pattern on broke above previous swing high with good volumes.
Could be bought with mentioned stoploss & target.
Double Bottom
DXY has left the LAUNCHPAD... destination 160+DXY has left the LAUNCHPAD and is unlikely to return home until its surpassed 160!
From the chart we can see that DXY has...
- Emerged from the falling wedge with a measured move target of +72, taking us upto 160 OR BEYOND
- Has retested the falling wedge trend line and created a double bottom support
- DXY has performed these feats before (1980-1985) and is showing a similar emerging shape in the chart pattern and RSI
- If history repeats, we can expect this trend to continue through to Approx. 2025
Once these trends establish themselves its highly UNLIKELY that they do not go on to fulfil their potential. TIME IS RUNNING OUT for the DXY to get off this trajectory.
CONCLUSION: Long the DXY, Hold your DOLLARS
Daily chart perspective on GJand GU similarlyThe daily time frame seems to be painting a skew double bottom, as price did in the 4hr time frame on the 28 September for the midweek reversal. Price could go up strong from the current zone that its in, or it could come all the way down to test 154.756 to confirm a very big double bottom on the daily to give a strong push up. We are at a critical zone now, so trade carefully and look after your trades. I am in 100pips profit at the moment from the morning buy, so will bring trades to profit and monitor from there
RCON - Start of a 1000% Bagger or a dud??RCON has been on my radar ever since its 1000%+ Rally in Late 2020 & into 2021. Recon Technology Ltd. is a technology / hardware company based in China. RCON is pretty much a micro-cap company, but can offer a huge run-up.
RCON has gained my attention recently as it has done a few things.
1) Daily Breakout over 9-21 ema clouds (first time since March '22)
2) Seasonality ~ RCON Tends to heat up during Late-Year to early Year of the following year!
3) TTM_Squeeze on Daily, Weekly & Monthly All signaling oversold, and bullish momentum incoming
4) RCON loves to do huge 1000%+ Runs
Weekly Ema Tests are coming soon and this stock could go absolutely parabolic.
I am not posting this for you to buy in this idea..
I am posting this for the idea for you to keep! This should be on your radar, and I felt like I should share it, as its possibilities.
Thesis : RCON Breaks some levels, thing could go parabolic.
I am not in yet, and I will be patient, but putting an amount I feel comfortable losing could be a smart idea on this Risky Investment idea.
ATOM broke out the downtrnd from 16.995 It broke out the downtrend and the neckline.
We should look for breakout in the 15M timeframe and set SL at the lowest with trading pattern.
TP1: 12.740
TP2: 12.935
TP3: 13.140
⚠TP4: 13.340⚠
TP5: 14.005
FIBONACCI CONFLUENCESClear bullish set up that is shaping right now after having completed a bottoming pattern that is suggesting a 1.8 R/R.
Note that volume spiked after the breakout, suggesting more upside could develop if 78,6 fib holds.
$spx potential double bottomholding on by a thread here, but fighting off 2x ppi expectations here. fomc minutes this afternoon. cpi tomorrow.
if it can hold this low through the release of all those metrics, think we should see some nice bullish momentum the rest of the month.
uptober ain't dead yet.
QIUSDT - Potential Double BottomQIUSDT has just touched its all time low for the 2nd time, setting us up with a potential double bottom. If Bitcoin holds steady and QIUSDT can hold support at 850 - 860 sats we could see a decent bounce from here.
GBPUSD-Weekly Market Analysis-Oct22,Wk2GBPUSD on its daily chart reversed on the Key Resistance level. Counter-Trend traders could wait for a 3-bar reversal on the dotted blue line.
However, that is NOT good enough for me. I will need to see a Double Bottom with an RSI Divergence before I'm interested to engage in the trade.
What is the condition you need for you to get on a counter-trend trading setup like this?
EURUSD-Weekly Market Analysis-Oct22,Wk2If you had read my overall analysis(check out the Related Ideas within TradingView) on EURUSD, you might get a bit confused with this analysis. How could we look for a buying opportunity where the overall trend is bearish? In fact, we can, there are ebbs and flows of the market, so within the bearish trend, there are bullish movements within; what is important is that you have to know if you are trading with or against the trend.
This Deep Bullish Gartley Pattern has been violated, there is a break and close below of X, but with NFP(Non-Farm Payroll) just happening last Friday, I like to give EURUSD some leeway(but leaning towards not engaging it.
Some of the further movement I need to see is an immediate reversal( bullish ) with a double bottom combined with RSI Divergence.
Bullish (LONG) USDCAD-Overall the DXY appears bullish, so I'm looking to buy USD pairs
-On the Daily TF price ended in a reversal candlestick after a bullish push
-Expecting price to make a retracement that would ultimately test the neckline of the previous double bottom
- A retest to this area would possibly complete the right shoulder of an inverse head and shoulder candlestick pattern
Please Like, Follow, Comment. What is your analysis?
BTCUSD - Double Bottom PatternChart show's the possibility of the Double bottom Pattern and the targets.
ORIENTHOT - Close to brek 52 week highClose to break 52 week high
Good volume
Bullish momentum
Can go long if breaks current 52 week high
*Not recommendation
GBPJPY at a support, possible push upGJ forming possible a double bottom at strong support for the new york reversal, and possible buys to the next zone, for a bullish continuation.
DXY US Dollar Bull run continuationIt's not going to be a linear bull run on the daily...
Expecting sells on xauusd, eurusd. Very similar inverse fibs on respective charts.
You could probably bet on sells for any X vs USD pair.
CADCHF Double BottomWe have a double bottom with bullish divergence.
Initial target is 0.72670 resistance level.
HD: Double bottom?Home Depot Inc
Intraday - We look to Buy at 285.03 (stop at 271.38)
Buying pressure from 265.00 resulted in prices rejecting the dip. Posted a Double Bottom formation. The reaction higher is positive and highlights a clear reversal. A weaker opening is expected to challenge bullish resolve. Dip buying offers good risk/reward.
Our profit targets will be 328.98 and 340.00
Resistance: 300.00 / 330.00 / 418.00
Support: 285.00 / 265.00 / 150.
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XLM - Wait For The Bulls!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
XLM has been overall bearish for a while trading inside the red wedge pattern.
Lately we can see that the bears are getting exhausted, not being able to push lower as before, getting stuck inside a range forming an accumulation phase.
Moreover, XLM is sitting around a strong support and round number 0.1 and forming a double bottom pattern.
But of course, the bulls aren't in control yet.
Trigger => For the bulls to take over, we need a momentum candle close above the gray neckline.
Meanwhile, until the bulls take over, XLM would be stuck inside a range between 0.1 and 0.14
Which scenario do you think is more probable and why?
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
WFC daily bullish hammer at double bottom retestWFC daily bullish hammer at double bottom retest has to be quick till earnings and countertrend. Stop loss below hammer, take profit to size of last retracement.
EURUSD possible double bottom 1hrEURUSD looks like it has formed a double bottom on the 1hr chart, to continue the bullish move that started last Wednesday
Up 150pips from morning entry and buy signal sippliedThis morning during London session, I gave a buy signal on gj. We are currently up 160 pip, and looking to hit tp at 164.357 @ 195pips. Follow me for more and give a boost to show some love for these fire entries!!
