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Double Top or Bottom

Those who are shorting or want to short remember to readToday, the market has reached my target position of 2757, 2765.2770 for the third time. The long order has completely won. After the fast strategy of high-level selling and low-buying was announced today, members all made good profits. In such an extreme market, I think such a profit is acceptable. Maybe for many people, not losing money is a good result. But not for me. There must be a profit every day. And it must be a good profit. Next is the short selling plan. Today, the New York market is expected to retreat to 2765 or below. If it reaches, continue to go long. The target is 2775. The Asian market can continue to wait for the position of 2780. The announcement of GDP the next day needs to be paid special attention. If the data is negative, the probability of reaching 2800 this week is not high. If the data is positive, then 2800 is very close. Because there will be a non-agricultural data release on Friday this week. This value can determine whether the market can reach 2800 points. In layman's terms, the gold price will continue to rise from today to tomorrow. It has been expanding profits for a month. Others verify based on the winning rate. My verification method is based on the failure rate. If you want to save your account, follow me. And leave a message.
TVC:GOLDLong
by George_parse
CAPITAL A - Uptrend may extend ?CAPITAL A - Current price RM1.00 The stock is UPTREND because : i) Price is above EMA 50 & 200 ii) Price is above ICHIMOKU CLOUD iii) The high is getting higher and the low is getting higher Based on ICHIMOKU CHART technique, today price made a breakout above CHIKOU SPAN resistance (RM0.990 - light blue resistance line).Technically it is a buy signal. Price target : RM1.12 (the high of 17 August 2023) Support 1 : RM0.950 (Aggresive Trader) Support 2 : EMA 50 may acts as support level (Conservative Trader)
MYX:CAPITALALong
by IMRAN_96
Bitcoin Eyes $86,000 if $69,500 BreaksOn October 15, we noted Bitcoin was consolidating within a bull flag pattern, with a break to $70,050 that could drive the price to $83,000 per coin. The price action has recently shaped a smaller double-top, possibly an ascending triangle pattern. With this interpretation, a breakout above $69,500 would trigger the double-top formation, potentially propelling Bitcoin to $86,000 per coin. The upcoming days could be pivotal for Bitcoin’s trajectory. This content is not directed to residents of the EU or UK. Any opinions, news, research, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. ThinkMarkets will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
THINKMARKETS:BTCUSDLong
by ThinkMarkets
1
TOYS R BACK - Bullish Beginning & BottomReasons to be bullish on ToysRUs / TSX:TOY : Recently completing a double W bottom, TSX:TOY is looking like it is about to escape the jaws of bankruptcy and begin a dramatic resurgence in price. The long diagonal white line if broken will be the first time that has happened in over a decade and should it do so, it is likely to kickstart a period of intense buying, from shorts covering their positions. If you wish to play it safer, wait until the inverse head & shoulders plays out, above the yellow slanted line. The company recently announced a loss $19m AUD in it's Annual Report , which was lower than expected following the transformation of the 'House of Brands' strategy they are now pursuing. Thanks to the increased margins of their newly acquired brands, the dramatic cost-cutting efforts that are underway, the new store partnerships being pursued as well as the profitable holiday season that is fast approaching - I think we have far more reasons to be bullish than bearish here. Talking of bullish... Target 1 should it come to pass will be 0.850 AUD per share vs 0.063 at the time of writing - a 13.5x. This is the 0.236 fib to retrace just a short distance of its prior decline. Target 2 would be $20 AUD - a 317x from current price levels, at the 0.5 fib level. Target 3 should you wish to dream so big, would be ~78 or 80, at the 0.618 level. Those targets may sound like something from a TOY store, right? Well, this brand has so much going for it in the years ahead. Not only are we on the cusp of a potential boom in its stock price, we may well be about to turn a corner with a huge baby boom all across the entire Western world. This is against the trend & narrative on display everywhere. Something tells me ToysRUs is about to dramatically grow their loyal customer base of 1.3 million customers. So why not benefit whilst that happens? Risk averse? A stop loss of $0.048 AUD will likely preserve your capital from here. I'm expecting a sharp and sudden impulsive move up out of this latest & last grey descending wedge. Likely to Target 1 within the next 6 months, but be quick because your window of opportunity for a turnaround in the huge holiday season is closing. It will likely be priced-in before earnings on 26th March 2025. Thanks for reading!
ASX:TOYLong
by DigiDavid
1
Alikze »» SEI | Double top - 1D🔍 Technical analysis: Double top formation in the supply area - It is moving in an ascending channel in the daily time frame. - The upward corrective wave has been able to return up to 0.50% of the Fibo of the previous wave, which has faced selling pressure in the supply area with the formation of a twin ceiling. - Currently, with the failure of the negative line and selling pressure, if the price cannot stabilize above the 0.3906 range, there is a continuation of the downward trend up to the block order range. - If it encounters demand in the green box area, it can have a return to the blue box area. 💎 In addition, if the selling pressure is sharp, the probability of breaking the green box area for the target is 0. 1954 will exist. »»»«««»»»«««»»»««« Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support. Best Regards,❤️ Alikze. »»»«««»»»«««»»»««« BINANCE:SEIUSDT
Short
by alikze
Bitcoin - DOUBLE TOP Weekly TimeframeA Double top in the weekly timeframe is never a good sigh - however, all is not yet lost. One final pattern remains to be seen - and that is the Bump and Run method. Perhaps we can bump that diagonal support around 65k, retest the bulls' determination - and then make the final impulse wave up. There is a fakeout observed on Dogecoin as well, and alts that have increased alongside BTC over the past week will likely fall pretty hard IF Bitcoin cannot keep closing ABOVE 65K. ______________________ BINANCE:BTCUSDT
by CryptoCheck-
4
EURUSD TREND BASE SALE EURUSD BUY ENTRY 1.08217 SL 1.0840 TP 1.0763 The daily market trend is bearish, forming lower lows (LL) and lower highs (LH). On October 22, it broke the support level, created a new low, and is now retesting that support, which is being viewed as resistance after the breakdown. In the 1-hour timeframe, the market has formed a double-top trading pattern. The pattern's neckline broke to the downside with the start of the London session. A trade was taken on the retest of the neckline
Short
by ArtOfTrading33