Triple Top: Here Comes the Crash!!! Sell Everything Now!!!It's time to sell. Triple top, decreasing volume, unfilled CME gaps. We're going Sub-10k very soon!
Tripletop
AUD/NZD - SELL potential 1) Price at Major resistance zone
2) triple top
3) Price moving in a bearish channel
4) waiting for the price to break the neckline first with a retest then entry
5) clear divergence
6) 2nd entry after price breaks the bearish channel and then a correction = entry
NASDAQ bears take over -------------------------------------------------------------------
pros:
triple top pattern
bearish divergence
resistance 2 times not breached.
US economy falling apart ?
-------------------------------------------------------------------
cons:
it is not 100%
the rsi is not overbought(as lastly was).
the trend is uptrend(but everything has to come to an end)
-------------------------------------------------------------------
it's just idea.
comment your idea.
enjoy,and PEACE!
-------------------------------------------------------------------
EURCAD in a weekly rangeBuy support and sell resistance. It is a basic rule of trading, you need not forget about the Euro strength in the past weeks.
GJs BULLISH MOMENTUM MAY HAVE DIED...There is a possible triple top formation pattern being created on the 15min Time-frame. I have been monitoring GJ all week. Price is currently testing Daily resistance, it broke above but still has 12+ hours to close. I entered a Sell order, and my profit level is indicated on the chart. I will be watching it throughout the morning, I would definitely not like to get caught in a weekend trade. Unless it's Crypto :)
LEAVE YOUR COMMENTS BELOW
Possible Triple Top.If it breaks below the purple wedge I'd call it confirmed. And expect it to reach the red channel's range. If it breaks above the purple wedge, it's a no go.
Just a guess like the rest. Not Advice.
USDCAD Short PositionWith an interest rate decision coming out at 1500 hours we can expect the USDCAD pair to carry bearish momentum as the Canadian dollar is expected to come out positive after the interest rate decision.
SPX 500 TRIPLE TOP OR BREAKOUT TO THE UPSIDE?SMASH that like button if you enjoy the chart.
Remember: SPX has been leading BTC.
They're heavily correlated in recent price action, I'd keep an eye on that.
Can SPX keep this momentum up? Or will we crash? What's your thoughts?
GBPUSD Short PositionTriple top which is marked by the horizontal black line signals a reversal which has been confirmed.
Although this entry may be late there are still some pips that can be caught and to be safe the TP is at the previous low.
Apollo Tyres from 5 July 2020The stock has been showing good movement May Month .--> markup then cosolidation happened ...
stock is moving toward the new level of 125 zone ....
Monthly increase of max 11% has happened in previous months ... -> max this month 20% (super max)
July opening of 108 has happened --- 108 *1.20 = 129.6 ( super max wick )
Possibility movement scenario ===
1. break the red line goes up ---> retest the red line ==> finally shooting to 125 zone
2. forming triple top --> touches the red line ==> goes down to grey zone ( s/r zone )
no very safe option strategy possible until breakout or reverse happen
if breakout call spread might be good ...
retracement till 112 possible don't lose nerve of steel ...
ITC TECHNICAL ANALYSISNOTE: TRADE ONLY WHEN YOU UNDERSTAND THE CONCEPTS.
TRADE WITH KNOWLEDGE FOR GOOD PROFITS!
US30 SHORT 1H DT - FOLLOW UP + TARGETFollowing the US30 reaching to the support of the wedge around 25,050-25,100 after my last idea, US30 continued rise back to the 25800 resistance, forming a triple top - within the same day an immediate reaction came when it broke back below the neckline around 25,600 area as a result of reaching the descending trend line resistance converged with the triple top resistance at the significant 25,800 multiple convergence zone.
As a result of dropping below the neck line at 25,600 , the US30 continued to fall within the 'wedge' area reaching close to the wedge support and initial double top target around 24,800-24,900 support zone.
Total points of drop since sell idea published June 25th:
-On the same day -250 point catch to 25,100.
-The next day additional -850 points catch to 24,960 following the bear trend and averaging on the first short position.
A total of 1,100 points in just a single trading day.
The US30 is facing strong bearish indications both fundamental and technical - it's important to take advantage of this rare volatile time.
Get in touch with me to learn more on how to continue trading the US30 and more.
Bear's Wet Dream Pt 2: Path to July3/6 SPY2909This thing has been following my trends for 24hrs, so I drew out a few more days with my magic crayons.
😯 Ferrari Could Be MASSIVE For Bears! (RACE)💰 LET'S GET INTO SOME FERRARI ANALYSIS!💰
1️⃣ First off SMASH that LIKE BUTTON & Give us a FOLLOW for DAILY ANALYSIS! ❤❤❤
(Overall Market Sentiment) 🐻 Bearish
- This one could be massive as a potential triple top crown could be in motion. We are now approaching the highs of the previous last 2 major structures. This could be a huge money maker for a bear!
- Let's also notice that we do have some lower lows on major structures. Failure to break higher will result in a massive drop I believe.
- I'm looking to play this one on a timeframe like the weekly for a turn around and hold a long term position.
Drop your charts and comments down below, share with us what you think is going on in the markets! ❤❤❤
Thanks for checking out our analysis! ✌😁✌
🥇MLT | MAJOR LEAGUE TRADER
NZDCAD Short What looks like A triple top reversal pattern has been formed, expecting a downward trend from here
[USDCHF] Sell Idea - Bearish Triple TopAccording to top down analysis, the D1 has started to form a triple top formation. I see price retracing back to the 61 on the fib, which also happens to be the cross formation of the alligator indicator. We are going to wait for price to retrace back up to entry, and then we should see bearish moment continuing.
AUDUSD SellMore confirmation to me of a short potential on AUDUSD. Triple/double top (however you see it) gave me my first indicator, proven supply area in the purple box playing out, and formation of H & S pattern on the right has meant I've placed a SELL Limit.
SL placed 2 pips above the last high spike, entry placed at the start of this hourly candle, and TP giving me a good R:R ratio of 2.2/2.5 or something to 1.
If my order doesn't catch then I will look for entry on a shorter timeframe once we break the H&S, and adjust my SL to where I think the H&S pattern would prove incorrect.
Let me know your thoughts.
S&P500 Triple Top at 61.8% Fib Resistance, And A GapThe S&P 500(SPX) closed today at $2,922.94 for a -$30(-1.05%) loss on the trading session. Price is also once again hitting 61.8% Fibonacci resistance and setting up for what could potentially be a triple top pattern. The 61.8% Fib level has acted as resistance since late April while each pullback has held at the 50% Fib making this the current consolidation range as traders attempt to figure out if Federal Reserve money printing is enough juice to override the overwhelmingly bearish economy.
Today’s price candle closed green which indicates that there is bullish momentum behind price, but the candle also closed as an inside candle which could be a sign of a reversal head. An inside candle is when the current candle’s high and low is completely inside the range of the previous candle’s high and low range, which indicates that traders were unable to move price higher or lower than yesterdays levels and are most likely indecisive as to which direction to go. There was also a gap created in the chart from Friday’s close and Monday’s open, and gaps tend to be filled so going forward we might be looking at a gap-fill this week with price falling down near the $2870 level or roughly -1.7% from today’s closing price. A gap fill would also take price back down near the 50% Fibonacci retracement level which means we’d get to see if that level will continue to act as price support.
The Relative Strength Index(RSI) shows the green RSI line trending just above the purple signal line which indicates short-term bullish momentum is behind price. The green RSI line and purple signal line are both above the 50 level which is the midpoint of the total RSI range. In general, an RSI reading above the 50 level indicates overall bullish momentum behind price while a reading below 50 indicates overall bearish momentum behind price.
The Price Percent Oscillator(PPO) shows the green PPO overlapping the purple signal line which indicates that short-term momentum has turned neutral. In general, you want to see the green PPO line rising above the purple signal line as an indication that there is bullish momentum behind price. Both lines remain above the 0 level though which indicates that price still has bullish momentum in the intermediate-term. A PPO reading above 0 indicates intermediate-term bullish momentum while a reading below 0 indicates intermediate-term bearish momentum.
The Average Directional Movement Indicator(ADX) shows the green directional line above the purple directional line which indicates that there is a short-term positive trend in price. The histogram in the background at very low levels after a recent decline which indicates that the overall strength in trend has weakened. In general, you want to see the histogram rising as a sign of trend strength; if the green line is above the purple line and the histogram is rising you have increasing bull trend strength. If the purple line is above the green line and the histogram is rising you have increasing bear trend strength.
Overall price remains neutral here as price continues to find resistance at the 61.8% Fibonacci level. The lower momentum and trend indicators still show a slight bullish bias, but with resistance at the golden Fib level and a lower gap in the chart the likely move going forward will be a pullback and re-test of the 50% Fib level while closing the gap. In order for me to turn bullish on the S&P500 I would like to see price push above the 61.8% level; to turn bearish I would need to see a move below the 50% Fib level and for the lower indicators to turn bearish as well.
Two scenarios, Triple Top breakdown (B), and no Triple Top (A)I favor the No Triple Top, but most analysts like the bearish reversal. We shall see.
AUDUSD triple top reversal pattern formingLooks to me like a triple top is forming. which could mean for a short on this pair. Let me know what you think.
