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Double Top or Bottom

Natural Gas (NATGASUSD):: Bullish Outlook ExplainedI spotted two strong bullish indicators on the 4-hour chart for 📈NATGASUSD. These include a bullish breakout of a double bottom pattern's neckline, which was acting as a horizontal resistance, as well as a break of a falling trend line. The broken structures now form an expanding demand zone, suggesting a potential bullish movement in the market. I believe there is a high likelihood that the pair will continue to grow and reach the 2.10 level.
OANDA:NATGASUSDLong
by linofx1
3
NVDA has good measured potential above last week's highs.NASDAQ:NVDA has room on the daily chart to about $135 if it can build above the highs from Friday and Thursday of last week. With earnings on Wednesday at 4:20 PM EDT, there should be significant opportunities to the long side if price continues to build above the daily 50 SMA. Equity was added long into the daily 9 EMA, and retest of the recent dark pool at $122.80, and I continue to swing long with targets at weekly highs and the daily upper Bollinger Band.
NASDAQ:NVDALong
by DMT_Doctor
4
$NDRA OVERSOLD 4HR RSI & DOUBLE BOTTOM **NDRA Life Sciences (NDRA): A High-Potential Opportunity for Massive Gains! ** **Based on the recent earnings call and updates, NDRA Life Sciences is shaping up as a tremendous opportunity with extraordinary upside potential.** Currently trading at a mere $0.42 per share, this stock has plummeted a shocking 90% in the past three weeks, largely driven by a 1-for-50 reverse stock split and an $8 million public offering. This sharp decline, fueled by panic and fear, has created a golden opportunity for those ready to buy the dip and capitalize on a potential breakout and bullish reversal. With a market cap of just $550,000, the potential for explosive gains is undeniable. **Why NDRA is a Must-Watch:** - **Strong Financial Backing:** NDRA is fully funded until mid-2025, providing the financial security needed to advance its groundbreaking TAEUS® technology, which could revolutionize liver fat measurement and address a critical global health issue. This technology targets over 1 billion people suffering from conditions like NAFLD and NASH, potentially transforming how liver diseases are diagnosed and treated. - **Bullish Technical Signals:** - NDRA is flashing strong bullish signals, primed for a breakout and bullish reversal. The stock is deeply oversold on the RSI, a classic indicator for a sharp rebound. There's also a hidden bullish divergence, suggesting underlying strength as the RSI makes higher lows while the price drops. The stock price has recently moved above the VWAP, signaling increased buying interest and momentum. - NDRA has been granted an extension until November 20, 2024, to regain NASDAQ compliance, which involves maintaining a $1.00 bid price for 10 consecutive trading days. The pressure to achieve this could trigger a powerful surge, especially given the potential for a short squeeze. - **Potential for Big Moves Ahead:** - The possibility of insider buying, a buyout, partnership, or merger isn't off the table, adding even more fuel to the fire. Social media influencers are starting to take notice and invest, which could further amplify the momentum. - **Unmatched Growth Potential:** - Recent reports show NDRA's cash position has more than doubled to $6.4 million, with a significant reduction in operating expenses. These solid fundamentals underpin a strong runway for growth and innovation. - **Price Targets and Speculative Gains:** - Given the current setup, NDRA has the potential to reach $1.00, $2.00, or even $5.00 in the near term. The stock's ability to gain compliance and its strategic financial positioning make it a compelling opportunity for investors looking for high-risk, high-reward plays. **Don't miss out on this opportunity.** Buy the panic and fear. If you sold NDRA during the recent drop, you might regret it as the stock rebounds and potentially soars. Always do your research before making any investment decisions, but remember that timing is everything in these volatile markets! *Note: This is not financial advice. Always do your own research before making any investment decisions.* ---
NASDAQ:NDRALong
by UnknownUnicorn2208604
1
simple fib zoneduring fed rate hike cycle due strong dollar eurusd was collapsing since fed rate cut pricing begin after their last 75bps rate hike in 2022 eurusd has retrace 61% from top to bottom , price testing this area again 1.12746 will be a strong resistance level if price don't breaks this area than double top possibility increase this week will be first time we see real market reaction to fed jackson hole speech last year priced failed from 61% fib level when it hit that area first time
Short
by Sangam-Agarwal
Double Bottom LongGood day traders, i know it has been a while since i published any ideas but i am back now. Lets get into it, so on the idea above we clearly see that NZDUSD has been strongly bullish for the past few weeks and it formed what we can agree to be a Double Bottom formation on Support level(0.58945-0.58575) and i believe price is heading for Resistance(0.63366-0.64094). It is up to you to figure out how it is going to go about getting to this resistance, meaning find entries that accommodate your accounts. Thank you
Long
by madanhileeroy
2
GOLD (XAUUSD): Your Trading Plan For TodayGold is currently trading in a unique area where a neckline of a double top pattern aligns with a rising trend line. I anticipate a bearish trend forming in this specific region. To confirm a short position, wait for a breakout below the neckline of the double top pattern and the support trend line on the 4-hour time frame, with the neckline identified as being between 2510 and 1503. Once a bearish breakout occurs (confirmed by a 4-hour candle closing below), look to sell on a retest. The target for this trade is 2480. If the price makes a new higher high, the setup will no longer be valid.
TVC:GOLDShort
by linofx1
1
BTC Update from last analysisWow! It seems that our analysis is correct as it respect the movement of the market and probably goes down to the level of support that we set from previous resistance that was broken. The ratio I use as a beginner is 1:1.4 ratio. Once it reaches completely the target, we we'll wait if the candle will go beyond the support for down trend continuation or will see another double bottom for another reversal/pullback. Note: This is not a signal. This is just an application based on the analysis that I learned and testing it out. Share your ideas, and suggestions by commenting below to help me improve my trading analysis. Thank you!
Short
by jefersonroda