Double Top or Bottom
🚀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🌴
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.
💎KEY's W pattern hints at a bullish reversal. 💎 Paradisers, #KEY has been consolidating for a considerable period and has now formed a W pattern, suggesting a potential bullish reversal. If #KEYUSDT manages to break out above the resistant level, it would confirm the W pattern and could lead to targets towards the next resistant levels.
💎In the event of a pullback, we may anticipate a bounce from the demand level.
💎However, if the price breaks down below the demand level as well, it might be prudent to refrain from immediate action and wait for better price action to form before making any trading decisions.
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!
🚀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.
Infosys - Double BottomINFY is making Ascending channel pattern at Daily chart since April 2023, at a Good Support. Also making Double Bottom at Daily chart, Hammer candle on 4april, 9EMA rule is also working. Now chances of going up from here but need a strong green candle at 15min chart to confirm the same.
For my learning and digital records purpose only.
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!🥂
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
BITCOIN into Bullish Flag SignalAs per 4-hr. chart Analysis,
#Bitcoin movement starts again into #BullishFlag Pattern after finished of Double Bottom "W-Pattern". Now CRYPTOCAP:BTC next Target towards $80k before #Halving, and many chances to reach out around $75k to FWB:77K upto this weekend.
Lets see, what's happen next,
But, Trade wisely by using #StoppLoss and always #DYOR
As well..
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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.
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.
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.
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.