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Double Top or Bottom

Nifty : Levels to WatchNifty respects levels for every timeframe according to Fibonacci Series. 0.0, .38, .62, 1.00 For 13-5-24 Nifty has broken a Trend Channel’s Lower Support Line with BIG Price Breakdown and closes below it for the first time after Jan.24. Now this Support Trend Line will become A Very Tough Resistance for any Relief Rally. A Short covering upto 22150-22200 may be seen. Take this opportunity as for cut Long or Initiate Short position nearby this with Stoploss of 22310. 2-3 small green candles may be seen before a big fall. After failed attempt to break the 22200 upside then a big fall will be seen in coming days. In Hourly chart it is showing Lower Highs and Lower Lows. Double TOP formation will confirm when it breaks the level 21775. The Downtrend will begin for a long time. Sell/Book Profit on every Rise of 6-10% of any stocks with strict stoploss (Which will be given by your financial advisor. Do not trade if you don’t know the stoploss). Gap UP/Down Opening : If high of First Hour is not broken then put stoploss there for all short positions. If Low of First Hour is not broken then put stoploss there for all Long positions. For New position : for Upside : Buy Nifty above 22100 Stoploss 22010 it may touch 22128---22173---22246---22365---22438---22556 for Downside : Sell Nifty below 22010 Stoploss 22100 it may touch 21982---21937---21864---21745---21672---21554 Stoploss 22300 for All LONG Positions For Short term Trend Stoploss 22000 for All LONG Positions For Mid term Trend Stoploss 21710 for All LONG Positions For Long term Trend All above levels are of Nifty Spot. Put Stoploss on closing basis. (In Trading Time it may go above/below stoploss But closing price is most important). These are levels are generated on the basis on Fibonacci Series NOTE : I am not SEBI registered advisor in capital market. Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades. Please understand Risk in trading before taking any trade with your financial consult. I am only sharing my knowledge it may be right or sometimes wrong so I am not liable for any loss. Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's. Thank you.
NSE:NIFTYShort
by maneeshaggarwal
#ETH/USDT Bulls in Control#ETH/USDT pair has recently formed a double bottom pattern, finding significant support within a crucial trend box area. This pattern suggests a potential reversal of the previous downtrend and signifies a bullish sentiment in the market. With the double bottom formation in place, Ethereum is likely to experience upward momentum, aiming to retest the $3000 resistance level. Traders and investors are closely monitoring this development, anticipating a continuation of the bullish trend as Ethereum moves towards challenging key resistance levels. This pattern highlights a shift in market sentiment, with buyers gaining confidence and driving the price higher in anticipation of further gains.
BINANCE:ETHUSD.PLong
by crypto_vulture_signals
#BTC/USDT Rebound Sparks Optimism#BTC/USDT has recently shown promising signs of a potential relief rally, supported by the formation of a double bottom pattern and bullish divergence. A double bottom typically indicates a reversal pattern, suggesting that selling pressure may have exhausted and buyers are stepping in. Concurrently, bullish divergence, where price forms lower lows while the indicator (like RSI) forms higher lows, signals weakening bearish momentum and a possible trend reversal. This combination of technical indicators implies that Bitcoin could be poised for a relief rally, with a target retest of the $62,500 level. However, as with any market prediction, it's essential to monitor price action and volume to confirm the validity of the pattern and divergence. Traders should remain cautious and implement risk management strategies accordingly.
BINANCE:BTCUSD.PLong
by crypto_vulture_signals
Nifty : Levels to WatchNifty respects levels for every timeframe according to Fibonacci Series. 0.0, .38, .62, 1.00 For 10-5-24 Nifty has broken a Trend Channel’s Lower Support Line with BIG Price Breakdown and closes below it for the first time after Jan.24. Now this Support Trend Line will become A Very Tough Resistance for any Relief Rally. A Short covering upto 22150-22200 may be seen. Take this opportunity as for cut Long or Initiate Short position nearby this with Stoploss of 22310. After failed attempt to break the 22200 upside then a big fall will be seen in coming days. In Hourly chart it is showing Lower Highs and Lower Lows. Double TOP formation will confirm when it breaks the level 21775. The Downtrend will begin for a long time. Sell/Book Profit on every Rise of 6-10% of any stocks with strict stoploss (Which will be given by your financial advisor. Do not trade if you don’t know the stoploss). Gap UP/Down Opening : If high of First Hour is not broken then put stoploss there for all short positions. If Low of First Hour is not broken then put stoploss there for all Long positions. For New position : for Upside : Buy Nifty above 22001 Stoploss 21913 it may touch 22028---22072---22143---22259---22330---22445 for Downside : Sell Nifty below 21913 Stoploss 22001 it may touch 21886---21842---21771---21655---21584---21469 Stoploss 22300 for All LONG Positions For Short term Trend Stoploss 22000 for All LONG Positions For Mid term Trend Stoploss 21710 for All LONG Positions For Long term Trend All above levels are of Nifty Spot. Put Stoploss on closing basis. (In Trading Time it may go above/below stoploss But closing price is most important). These are levels are generated on the basis on Fibonacci Series NOTE : I am not SEBI registered advisor in capital market. Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades. Please understand Risk in trading before taking any trade with your financial consult. I am only sharing my knowledge it may be right or sometimes wrong so I am not liable for any loss. Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's. Thank you.
NSE:NIFTYShort
by maneeshaggarwal
#SOL/USDT Surges After Retesting 0.5 Fibonacci LevelThat sounds like a bullish scenario for #SOL/USDT! Here's a description you could use: "#SOL/USDT has recently formed a double bottom pattern on the 1-hour time frame, coinciding with a bullish divergence, indicating a potential trend reversal. The price has also formed a double bottom pattern on a larger time frame, further confirming the bullish bias. The next significant resistance level for SOL/USDT is around $160. If the price manages to break above this level, we could see a continuation of the upward trend, with the next target around $200. Traders should monitor the price action closely, as a failure to break above the $160 resistance could lead to a retest of the support levels. However, the current technical setup suggests a bullish outlook for SOL/USDT in the short to medium term." This description highlights the technical factors supporting a bullish outlook for SOL/USDT, including the double bottom patterns, bullish divergence, and potential upside targets.
Long
by crypto_vulture_signals
#ETH/USDT Rebounds Strongly: Golden Ratio at Play#ETH/USDT has formed a double bottom pattern and is currently bouncing from the golden ratio (0.618 Fibonacci retracement level), indicating a strong support level. The next significant resistance level is around $3350. If Ethereum manages to break above this resistance, we could see a further upward movement towards the $4000 mark. The double bottom pattern is a bullish reversal pattern, suggesting that the price could continue to rise after a period of consolidation or decline. The bounce from the golden ratio adds to the bullish case, indicating that buyers are stepping in at key technical levels. However, it's essential to monitor the price action closely, as a failure to break above the $3350 resistance could lead to a retest of the support levels. Traders should also consider other factors such as market sentiment, news events, and overall market conditions when making trading decisions.
BITSTAMP:ETHUSD
by crypto_vulture_signals
Nifty : Levels To WatchNifty respects levels for every timeframe according to Fibonacci Series. 0.0, .38, .62, 1.00 For 9-5-24 Today’s Green Candle cooled down the oversold position. Now Nifty can resume it’s downtrend. In Hourly chart it is showing Lower Highs and Lower Lows. Double TOP formation will confirm when it breaks the level 21775. RSI has shown the "DIVERGENCE" The Downtrend will begin for a long time. Sell/Book Profit on every Rise of 6-10% of any stocks with strict stoploss (Which will be given by your financial advisor. Do not trade if you don’t know the stoploss). Gap UP/Down Opening : If high of First Hour is not broken then put stoploss there for all short positions. If Low of First Hour is not broken then put stoploss there for all Long positions. For New position : for Upside : Buy Nifty above 22339 Stoploss 22265 it may touch 22362---22399---22459---22556---22616---22713 for Downside : Sell Nifty below 22265 Stoploss 22339 it may touch 22242---22205---22145---22048---21988---21891 Stoploss 22300 for All LONG Positions For Short term Trend Stoploss 22000 for All LONG Positions For Mid term Trend Stoploss 21710 for All LONG Positions For Long term Trend All above levels are of Nifty Spot. Put Stoploss on closing basis. (In Trading Time it may go above/below stoploss But closing price is most important). These are levels are generated on the basis on Fibonacci Series NOTE : I am not SEBI registered advisor in capital market. Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades. Please understand Risk in trading before taking any trade with your financial consult. I am only sharing my knowledge it may be right or sometimes wrong so I am not liable for any loss. Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's. Thank you.
NSE:NIFTYShort
by maneeshaggarwal
Nifty : Level to watchNifty respects levels for every timeframe according to Fibonacci Series. 0.0, .38, .62, 1.00 For 8-5-24 Double TOP formation will confirm when it breaks the level 21775. The Downtrend will begin for quiet a long time. Sell on every Rise of 6-10% with strict stoploss (Which will be given by your financial advisor. Do not trade if you don’t know the stoploss). Gap UP/Down Opening : If high of First Hour is not broken then put stoploss there for all short positions. If Low of First Hour is not broken then put stoploss there for all Long positions. For New position : for Upside : Buy Nifty above 22342 Stoploss 22262 it may touch 22366---22406---22470---22574---22639---22743 for Downside : Sell Nifty below 22262 Stoploss 22342 it may touch 22238---22198---22134---22030---21965---21861 Stoploss 22300 for All LONG Positions For Short term Trend Stoploss 22000 for All LONG Positions For Mid term Trend Stoploss 21710 for All LONG Positions For Long term Trend All above levels are of Nifty Spot. Put Stoploss on closing basis. (In Trading Time it may go above/below stoploss But closing price is most important). These are levels are generated on the basis on Fibonacci Series NOTE : I am not SEBI registered advisor in capital market. Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades. Please understand Risk in trading before taking any trade with your financial consult. I am only sharing my knowledge it may be right or sometimes wrong so I am not liable for any loss. Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's. Thank you.
NSE:NIFTYShort
by maneeshaggarwal
jubiliant foodworks potential reversal NSE : JUBILANT FOODWORKS CMP - 472.6 VIEW - bullish / long ANALYSIS - Technical A bull divergence on daily MACD indicator with higher lows is contrast with price action of lower lows indicating a divergence. Breaking of bearish trendline indicates a potential trend change with double bottom formation Target - 519-525 stoploss - below 407-415 closing basis timeframe : 12 weeks disclaimer: it is a educational purpose publication and not a trading recommendation.
NSE:JUBLFOODLong
by radHE_Capstone
ATOMUSDT: Get ready for a potential bullish breakout🚀💎 Paradisers, #ATOM can capture the liquidity of traders who entered on the breakdown of the previous low and has also formed a 'W' pattern, increasing its bullish potential. 💎 If #ATOMUSDT breaks above the resistance level, which could trigger stop losses for sellers who acted on the breakdown, we can target the next resistance levels. 💎 In the case of a pullback, we can also expect a bounce from the support level, potentially forming a triple bottom pattern. However, before entering, ensure confirmation from the candlesticks and momentum. 💎 If the price breaks down below the support level, it will invalidate the bullish structure. In that case, it's better to ignore it and wait for better price action to develop.
by MyCryptoParadise_Nathan
💎 Keep a close eye on the ARKUSDT💎 Paradisers, #ARK has formed a descending channel, and the price is potentially forming a double bottom after absorbing liquidity, which increases the bullish probability. 💎 We can expect a bounce from here due to the liquidity taken and the double bottom pattern, but we don't yet have a clear formation from the price. 💎 If the price breaks out of the descending channel and resistance level, we can target the next resistance levels. 💎 However, if the price breaks down below the demand zone, it will invalidate the bullishness. In that case, it's best to wait for better price action to develop.
by MyCryptoParadise_Nathan
After absorbing liquidity, DOTUSDT has formed a W pattern🚀💎 Paradisers, #DOT is showing a Break of Structure (BOS) towards a bullish market structure and has formed a 'W' pattern after absorbing liquidity, which increases the likelihood of a bullish move. 💎 This level is also supported by the Fibonacci 61.80% level, which further enhances the bullish probability. However, for confirmation, we need the price to break above the resistance level, after which we can expect a bullish move up to the next resistance levels. 💎 If the price breaks down below the bullish OB level, it will invalidate the bullish structure. In that case, it would be better to avoid it and wait for better price action to form.
by MyCryptoParadise_Nathan