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Double Bottom

Gold XAUUSD Technical Analysis UpdateAs you can see on the Gold XAUUSD chart, The price has reached a significant support level and it's possible that it forms a double bottom pattern and pushes the price higher to the trendline. In the lower time frame based on the minor levels we can look for breakout patterns or pullbacks to open the trade for the TPs. On the dollar index ( DXY ) the reversal pattern hasn't formed yet so this analysis 60% can be correct. Wish good luck for everyone Risk Warning Trading Forex, CFDs, Crypto, Futures, and Stocks involve a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. Articles and content on this group are for Trading Education purposes only and do not constitute investment recommendations or advice. If you liked our ideas, please support us with your likes 👍 and comments .
OANDA:XAUUSD
by pullbacksignal
A beautiful double bottom pattern on TTKPRESTIGOn daily charts of TTKPRESTIGE prices have formed a very subtle and beautiful double bottom pattern after short term downtrend . If we look at the weekly chart price has came to retest it's previous three times resistance level, which was broken last year around the same month and now suppose to act as support. On hourly charts, huge volume is visible when both the bottoms were being formed. Price is near it's neckline. Hourly close above the neckline (Rs.875) will be considered as a breakout of the pattern. Intra-day and swing traders can add this scrip in watchlist.
NSE:TTKPRESTIGLong
by sumedhb100
KEI INDUSTRIES - Short term BullishKEI INDUSTRIES - Short-term Bullish 1. It forms a double bottom pattern. 2. If it crosses 1200 the double bottom pattern confirms and the target will be 1285. Note: 1. I’m not a SEBI Registered advisor, my research is personal and for educational purposes only. 2. Always check with your financial advisor and take the trade as per your risk/reward ratio. 3. Follow me for more patterns and like, and share so that we feel it is helpful to many and share more patterns...
NSE:KEILong
by ravi15684
RUCHIRA : Perfect Double Bottom exampleRUCHIRA : On my Radar from July-18th, when trendline breakout happened on Hourly time frame. Here is the history- 2022-07-18: ADX/DI+ are >25. Cross WK Piv Upside - Shooting Star. Close is above SMA-20 on D/Wk/M time frames. 2022-07-19: Crossing 4 week High. RSI crossing above 60 on M/W/D time frames. 2022-07-22: ADX > 28 2022-07-27: Cross WK Piv Upside, Bullish EngulfingOn Daily time frame SMA 13> SMA 34> SMA 55 & Close crossed D13 Up. 2022-07-28: Stock In Squeeze - 3 days, Gravestone Doji & Normal NR7 2022-07-29: Normal NR7 - Breakout 2022-08-01: Close Crossing 4 week High, Out of Squeeze, on Monthly time frame 20-SMA Cross Upside 50-SMA 2022-08-02: Doji Star (Watch) 2022-08-04: SMA 50 crossed SMA 100, Based on the chart pattern, if sustains above 132.95 - we should be seeing 143, 153 and 175 levels soon. Wait for the re-test to complete and enter after your own research.
NSE:RUCHIRALong
by rvc8280
Multiple Reversal patterns in Nifty IT !!!As visible on charts CNXIT has given a breakout from multiple reversal patterns which are Island Reversal, Double Bottom, Inverse Head & Shoulder. CNXIT has formed double bottom around 26450 along with RSI divergence and finally given its breakout at 28600. The index fell with a gap and also reversed with a gap hence, leaving behind an island and showing an island reversal pattern. Along, with above two patterns, inverse head & shoulder are also visible which further conforms to a reversal in the IT sector.
NSE:CNXITLong
by Chaser30
10