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Double Top or Bottom

MCX GOLD - ONE MORE SHORT ATTEMPT ?MCX GOLD is currently trading at 68900. I shorted GOLD twice in last three weeks. One position was closed in 700 points profit and other went 1000 points in profit and then closed CTC. I'm shorting MCX Gold Futures once again at CMP 68900. I will add more short position if 69600 comes & will hold with SL above 70100. I think rally in gold is about to end and I'm expecting Gold to fall soon & change its trend from bullish to sideways - negative. M pattern is in making in 4 HTF. Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!
MCX:GOLD1!Short
by akshit_official
🚀ZIL is showing a bullish idea with a W pattern💎 Paradiser, #ZIL is currently displaying a bullish market structure, characterized by the formation of a W pattern and the presence of Change of Character (CHoCH) and Break Of Structure (BOS). 💎Furthermore, #ZILUSDT has successfully broken above the 200 EMA, indicating potential bullish momentum. However, it's crucial to await confirmation before making any trading decisions. 💎If the price manages to break above the resistant level, it may signal further upward movement, targeting the next resistance levels. 💎In the event of a pullback, we could anticipate a bounce from our key level. However, it's advisable to set smaller targets in such scenarios. 💎Nevertheless, If the price break down below all key levels, it may be considered bearish. However, it's recommended to wait for clearer market signals before taking any action.
by MyCryptoParadise_Nathan
Just A View - BSE Double Top Neckline Support📊 Script: BSE 📊 Sector: Miscellaneous 📊 Industry: Miscellaneous Key highlights: 💡⚡ 📈 Script is taking support of level 2075 which is neckline of double top. 📈 We may see bounce back from here. ⏱️ C.M.P 📑💰- 2148 ⚠️ Important: Always maintain your Risk & Reward Ratio. ✅Like and follow to never miss a new idea!✅ Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes. Eat🍜 Sleep😴 TradingView📈 Repeat 🔁 Happy learning with trading. Cheers!🥂
NSE:BSELong
by radha_23
MOIL - Diamond Bottom PatternIt appears that the NSE:MOIL has found its footing, indicating a potential reversal as it breaks out upwards following a period of indecision or stabilization. The Diamond Bottom pattern initiates amidst a downtrend, characterized by the formation of higher highs and lower lows within a widening pattern. Subsequently, as the highs reach their peak and the lows begin to ascend, the trading range gradually contracts. When the price breaches the upper boundary of the diamond pattern, it signals a notable reversal, marking the onset of a fresh uptrend. PLEASE NOTE THAT: This chart analysis is only for reference purpose. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade
NSE:MOIL
by hardeepssethi
Eyes on HOOK! 🎣 Watch for Bullish Breakout! 🚀💎 Paradisers, #HOOK has broken out of a trendline and formed a W pattern, which suggests an increased likelihood of a bullish move. 💎If #HOOKUSDT manages to break above the resistance level, it could signify a bullish continuation. 💎In the event of a pullback, we might anticipate a bounce from the bullish order block (OB) due to the overall bullish market structure. 💎However, should the price break below the bullish OB level, it might indicate a shift to a bearish scenario. Nonetheless, it's wise to wait for clearer price action before making any trading decisions. 💎If you're new to technical analysis and finding it confusing, don't hesitate to reach out via DM or comment below. I'm here to assist you in navigating through it.
by MyCryptoParadise_Nathan
DR Reddy: A bet for long and short termStock has given a long-term TL BO on weekly TF with Volumes Making Double bottom pattern & Inverted H&S Pattern in short term (2-3 Months) and round bottom in long term (12-15 Months) For long term investor: The SL should be 2150 with Target of 4000 (Round Bottom Target) however, for short term investor it may move up-to 2800 keeping SL below weekly Green Candle low. DISC: Only for educational purposes. Please consult your financial advisor before taking any trade.
NSE:LALPATHLABLong
by trade_opportunities
REVERSAL IN AVENUE SUPERMARTSAvenue Supermarts is BULLISH on Monthly timeframe and has changed its price structure on Weekly timeframe which gives a strong conviction that it is going to test its ATH once again. There is a scope of accumulation if it is available at a discounted price between 4200 and 4300 . The idea will be invalid below 4000 . The targets are crystal clear according to price action. Hourly timeframe should be followed for a good entry with a minimum risk for a greater reward.
NSE:DMARTLong
by rtfofficial1618
Exciting Potential for LUNA! Keep an Eye on Breakout Levels 💎 LUNA is exhibiting a bullish market structure and has formed a cup and handle pattern. 💎If LUNAUSDT manages to break above the resistance level, we can anticipate a bullish move towards the next resistance levels. 💎In the event of a pullback, we can anticipate a bounce from the trendline, especially considering the presence of a bullish order block (OB) in this area. 💎However, if the price breaks below this level, it may be considered a bearish scenario. Nevertheless, it might be prudent to disregard this scenario for now and wait for clearer price action to emerge before making any decisions.
by MyCryptoParadise_Nathan
ARB: Keep an Eye on Breakout Levels and Watch for Confirmation🚀💎Paradisers, #ARBUSDT has recently formed a W pattern within a supportive trendline, signaling a potential reversal after the price dipped below previous lows, likely indicating a shakeout of weak-handed investors. 💎 A breakout above the resistant level, coupled with confirmation of the W pattern, would significantly increase the likelihood of a bullish move. Such a scenario could suggest that the price has absorbed internal range liquidity and is poised to pursue external range liquidity. 💎 In the event of a breakdown below the supportive trendline, traders may anticipate a bounce from the bullish Order Block (OB). However, it's crucial to seek proper confirmation in this scenario, given its relatively lower probability. 💎 Nevertheless, if #ARB descends below the bullish OB, it may be prudent to adopt a wait-and-see approach and refrain from immediate action. Waiting for clearer price action to confirm would be advisable in such instances.
by MyCryptoParadise_Nathan
IDEA: 🚀 Keep an Eye on Breakout Levels and Support Zones💎IDEAUSDT has recently exhibited signs of a bullish market structure, showing characteristics of CHoCH (Change Of Character) and BOS (Break Of Structure). Additionally, it has formed a W pattern, indicating a potential bullish reversal. 💎A breakout above our resistance area would confirm a successful retest and signal further upward movement towards the next resistance levels. 💎In case of a pullback, we can anticipate a bounce from the previously broken resistance zone, which now serves as support. This level is further reinforced by the presence of a 50% Fibonacci retracement, adding to its significance. 💎However, if the price were to decline below the support zone, it may signal a bearish shift. Nevertheless, I would advise exercising caution and refraining from making hasty decisions based solely on this development at present.
by MyCryptoParadise_Nathan