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Double Top or Bottom

Finnifty - April 30Price is at the trend deciding zone 21800 - 21840. Will the trending move what we get today will continue tomorrow or the price will reverse? Buy above 21860 with the stop loss of 21820 for the targets 21900, 21960, 22020 and 22050. Sell below 21760 with the stop loss of 21800 for the targets 21720, 21660, 21620 and 21580. 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:FINNIFTY1!
by vanathi
Nifty 50 - Ascending Channel PatternNifty is following the Ascending Channel Pattern at 4hr and Daily chart. Today it has taken the support at the lower Trendline, which is near 22050-A strong support. Market may reverse from here following its previous Trendline chart pattern. Nifty is also making a Double Bottom at 15min chart, a Hammer candle at 1:15pm and RSI divergence are visible, probability of touching 22400 from here. But if it breaks 22000 then we may see 21800. As per Price Action, a strong Green or Red candle on 18april will decide the move. For my learning and digital records purpose only!
NSE:NIFTY
by SatpalS
TIAUSDT: Gears up to break free from its descending channel! 🌊💎 Paradisers, #TIA could initiate a bullish move if the price bounces and breaks out of the descending channel. 💎If #TIAUSDT bounces and breaks through the descending channel, display a Change of Character (CHoCH) towards a bullish market structure, this would enhance the likelihood of a bullish trend. We could then set our sights on targets up to the next resistance levels. 💎However, if the price breaks down below the bullish Order Block (OB) level, it would be considered bearish. But for now, I am not focusing on bearish moves, so it would be better to disregard it in that case.
by MyCryptoParadise_Nathan
Keep a close eye on WIFUSDT💎💎 Paradisers, #WIF has broken out of the descending channel by forming a 'W' pattern and has displayed a Change of Character (CHoCH) towards a bullish market structure. 💎 If #WIFUSDT successfully breaks above the resistance area, we can anticipate a bullish move. However, a pullback from here is highly probable as the price may need to gather liquidity before advancing. 💎 We can expect a bounce from the bullish Order Block (OB) plus the Demand Zone. For this scenario, confirmation of bullish signs is necessary. 💎 Should the price fall below these levels, it would be considered bearish for #WIF. In that case, my advice would be to refrain from trading it, as the conditions suggest waiting for clearer signals or better market behavior.
by MyCryptoParadise_Nathan
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