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Double Top or Bottom

Nifty Smallcap 250 Double Top or New Bull If this index is observed, price has taken support of 23.6% Fib level of pullbacks twice after significant rise since 2020. Currently price is near the 261.8% Fib Level (15259.65) drawn between Jan 17 '22 top to Jun 20 '22 bottom So far price couldn't break that resistance. Feb 5th and Apr 8 in weekly chart. Last 4 days in daily chart also isn't convincing. 15444 Pivot R1 needs to be broken. Nifty Smallcap 250 index showing bear sign
NSE:NIFTYSMLCAP250
by naraykln
1
ADA is about to take us on a wild ride! 🎢 💎 Paradisers, #ADA has formed a 'W' pattern at the demand level, and we're currently watching for a breakout from the descending channel. 💎If #ADAUSDT shows a Break of Structure (BOS) from this juncture, We can anticipate a bullish movement. It's advisable to use smaller position sizes here and to seek strong indicators supporting a bullish trend. 💎Should there be a breakdown of this zone, Then we can expect a bounce from the strong support zone, which could offer high-probability setups—exercise caution here. 💎However, if the price doesn't display any bullish signs for confirmation and breaks down below both levels, it would be prudent to wait for more favorable price action to develop and consider the overall crypto market before making any decisions.
by MyCryptoParadise_Nathan
Bank Nifty - April 22Price is nearing the double top resistance 47800 - 47840. This level may act as trend direction deciding level. On higher time frame, price has broken the trend line. Pattern : Trend line Support/Resistance and double top. Range : Medium. Trend strength : Normal. Buy Above : 47840. Stop Loss : 47760. Targets : 47920, 47980, 48060, 48200 and 48320. Sell below : 47620. Stop Loss : 47700. Targets : 47540 ,47460, 47340 and 47220. Check the live market updates. Hit the like button to Rock !! Show some energy !! Note : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell. You are responsible for whatever you do.
NSE:BANKNIFTY
by vanathi
BTC : BITCOIN: : FLAG + Double Top detectedBTC : BITCOIN: : FLAG + Double Top detected The Wolf of Zurich has detected 2 chartist famous patterns : 1st is a "Double Top" , which gives a Bearish signal , and the price can reach : 58 000 - 56 500 The second signal is Bullish . I detected an "ascending FLAG" , which is a Bullish signal; And the the price can reach 71 200 - 73 00 Watch the EMA.200 Daily and the ICHIMOKU levels around 51 000 Weekly be safe Good trades "PAKA PAKA ! "
COINBASE:BTCUSDShort
by Le-Loup-de-Zurich
2
ICICI BANK : Bearish - Rising Wedge detected, and Double TOP ?!ICICI BANK : Bearish - Rising Wedge detected, and Double TOP possible. To monitor: The exponential moving averages 50 (in pink) around 991 , and the exponential moving average 200(in white) around 793. A possible Double Top is detected. + there are divergences with the RSI and the ROC ( Rate Of Change), which gives the speed of the variation of the momentum of an underlying! So a bearish return is possible Be safe!
NSE:ICICIBANKShort
by Le-Loup-de-Zurich
Sterlite Tech- Is it Going for Another Top..In technical analysis, we examine historical data of an instrument to anticipate its future course of action. We all would agree that Price and volume are the primary and perhaps the purest form of data in technical analysis and that’s why some traders, including me, are always more inclined towards them. In this idea, I would like to share some of my observations on Sterlite Tech. which just caught my attention due to the following reasons. 2018 TOP On the left side of the chart, we had a strong uptrend followed by a top formation. Calling it a double top won’t be a misnomer. Almost a yearlong formation and then a sharp breakdown. 2021 TOP The stock bottoms out in 2020 with an Inverted Head and Shoulders pattern and reverses up back into 2018 top. The stock spends almost 6months in this zone (300) and forms another top here in 2021. BREAKDOWN FAILURE On the right-hand side, we can see a huge consolidation (into the inverted H&S of 2020) from July2022 to Feb2024 and then a breakdown of support (128). But this breakdown could not hold, and the stock is now back above 128, indicating a breakdown failure. ANOTHER TOP Generally, we see a sharp rally after a breakdown failure. If that happens, the stock may rally for 2021 top (260 or so). As per timeline, the previous tops were formed in 2018 and 2021. We may expect another one with a 3years gap, that is by the end of 2024. However, we should never lower our guard and approach cautiously if the stock fails to sustain above 125 again. That would require another take on the stock. I hope you found this analysis useful. Do press 🚀 and comment for more such analysis in future.
NSE:STLTECHLong
by Bravetotrade
2
🚀PEPE: Stay focused on bullish opportunities💎Paradisers, #PEPE has form a falling wedge pattern and shown signs of bullishness from the demand area. 💎If #PEPEUSDT breaks out above the resistant zone, it will form a W pattern, indicating potential targets till the next resistant levels. 💎In the event of a pullback, we can anticipate a bounce from the demand level, which is supporting the current bullish sentiment. 💎However, if the price breaks down below the demand level, it may be considered bearish. Nevertheless, I am not interested in bearish moves at the moment, it's better to ignore such scenarios and focus on potential bullish opportunities. 💎Keep a close watch on #PEPE's price action for confirmation of its next move and adjust your trading strategy accordingly. MyCryptoParadise iFeel the success🌴
by MyCryptoParadise_Nathan
HBAR's breakout from the W pattern suggests a bullish reversal.💎 Paradisers, #HBAR has successfully broken out of a W pattern, indicating a potential bullish reversal. If #HBARUSDT undergoes a retest of the broken resistance level, confirming the validity of the W pattern, it could provide us with targets towards the next resistant level, given the nature of this reversal pattern. 💎In the event of a pullback, we may anticipate a bounce from the Bullish OB, which often serves as a significant support level. 💎However, if the price breaks down below the bullish OB as well, it might be wise to exercise patience and wait for clearer price action to develop before considering any trading decisions.
by MyCryptoParadise_Nathan