Double Bottom

AUDNZD AUDNZD has formed a double bottom pattern, along by bullish divergence, signaling weakening bearish momentum and its likelihood of a bullish reversal.

by adeelmustufanali

I got stopped on gold two weeks ago. I'm buying it again XAU/USD, long swing setup (1D) THE SETUP Gold has now bounced off the same floor three times. The two clean daily lows print at 3,959.08 and 3,960.28, one dollar and twenty cents apart, with a third test near 3,963 in late June. Price has drifted up to just above 4,020 through the session, so this is a limit order back into the base rather than a chase. The tell is momentum. On the first test of the base RSI read 30.43. On the second test, at effectively the identical price, it read 36.02. Sellers reached the same floor with meaningfully less force. That is textbook bullish divergence, and it is the difference between a level that is being defended and a level that is about to break. Be clear about what this is: a counter-trend long. Gold is down roughly 28% from its January record and the daily trend is unambiguously lower. I am taking the long side only because the reversal structure at this specific level is explicit rather than a hunch. If 3,930 gives way, I am wrong, and I will post that here rather than let it disappear. I should also say plainly: I was stopped on gold two weeks ago, long from 4,130 with a stop at 4,078. That call sits in my public scorecard as a loss. This is a second attempt roughly 160 dollars lower, at an actual tested base rather than mid-air, and that is the entire difference between the two. CONFLUENCES (6 of 8) Double bottom, lows 3,959.08 and 3,960.28, plus a third test near 3,963 Entry sits on a level defended three separate times Bullish RSI divergence across matched lows (30.43 into 36.02) Central bank bid is structural, not tactical (below) Price trades under the World Gold Council H2 fair value estimate near 4,100 Clean structural invalidation, RR 2.2 / 3.6 / 5.4 Not claiming: the higher timeframe trend is against me, and I am not pretending otherwise. FUNDAMENTALS The floor under this market is official-sector demand, and it is not price sensitive. The PBoC added 14.93 tonnes in June, its 20th consecutive month of buying and its largest single month since 2023, and it did that into a historic quarterly decline. Central banks have averaged roughly 1,000 tonnes of net purchases a year since 2022, absorbing something like 20 to 25% of annual mine supply. That bid runs on decade-long reserve mandates, not on the daily tape. The other side of the ledger is real yields, and they are the reason gold is down here at all. The 30 year Treasury is pushing 4.902%, and markets price roughly 53% odds of a Fed hike in September. FOMC lands July 29, inside this trade. A hawkish statement lifts real yields and threatens the base directly. That is the specific risk to this idea, and it is why the stop sits where it sits rather than somewhere more comfortable. TRADE PLAN Entry zone: 3,975 to 4,000 (limit, buy the dip back into the base) Stop loss: 3,930 (below the 3,959 double-bottom floor) TP1: 4,115 (the shelf both base candles were rejected at, 2.2R) TP2: 4,195 (July swing high, 3.6R) TP3: 4,300 (upper edge of the 3,895 to 4,305 fair value band, 5.4R) Invalidation: a daily close below 3,930 kills it. No second guessing, no averaging down. Every call I publish goes in the public scorecard, wins and losses both, including the gold loss above. So: is that 3,960 floor central banks quietly absorbing supply, or is it a shelf waiting to break on a hawkish Fed next week? Tell me which below. Not financial advice. Trade your own plan and manage risk.

by Nambou_Signals

$LTM: Classic complex Double Bottom ...with a defined neckline at 4,720 INR. The Fundamental "Why": The Next Growth Leg LTM isn't just a legacy IT provider; it is the structural beneficiary of the "Second Wave" of the AI transition. ERP to AI Integration: LTM specialiaes in the complex plumbing of enterprise data. As companies move past "chatbots" and into autonomous AI agents, LTM's role in migrating legacy ERP systems to AI-ready cloud environments becomes a non-discretionary expense. Operating Leverage: After the merger of L&T Infotech and Mindtree, the "digestion" phase is over. The current margin expansion we are seeing is the result of optimised delivery centers and cross-selling to a massive combined client base. The Valuation Gap: While global tech is trading at historic premiums, LTM has been re-testing multi-year support levels. This provides the "Value King" safety margin Buffett looks for, combined with high-beta tech upside. The Technical Roadmap The chart identifies three critical structural magnet zones: The Breakout Trigger: A clean daily close above 4,720 INR completes the base and triggers the vertical expansion phase. Linear Target (5,588 INR): The measured move of the double-bottom depth. Log Target & Gap Fill (5,779 - 5,941 INR): This is the ultimate "gravity" zone. Notice the massive volume gap from early 2026—price action loves to "sprint" through these areas once the neckline is cleared. The Macro View: LTM is the "Value Play" within the Tech Meltup. As liquidity rotates out of over-extended mega-caps, it flows into high-quality, cash-flowing IT leaders that have already spent months "paying their dues" in consolidation. #LTIMindtree #NiftyIT #ValueInvesting #DoubleBottom #TradingView #ITStocks #MacroRotation

XAUUSD: Faces Resistance Again — Bears Target 3,980$ Support Hello everyone, here is my breakdown of the current XAUUSD setup. Market Analysis XAUUSD previously traded inside a range before breaking lower and developing a broad descending channel, confirming a bearish market structure. After finding support near the 3,980 Support Zone, buyers formed a Double Bottom pattern and pushed price back toward the 4,080 Resistance Zone. Currently, XAUUSD is trading above the 3,980 Support Zone while remaining below the 4,080 Resistance Zone. A recent fake breakout above the descending channel resistance failed to hold, suggesting sellers are defending the upper boundary once again. My Scenario & Strategy As long as XAUUSD remains below the 4,080 Resistance Zone and continues to respect the descending channel resistance, the bearish scenario remains valid. A rejection from current levels could push price back toward the 3,980 Support Zone (TP1). However, if XAUUSD secures a confirmed breakout above the descending channel and the 4,080 Resistance Zone, the bearish outlook would weaken and buyers could extend the recovery. That’s the setup I’m tracking. Thank you for your attention, and always manage your risk.

Double Bottom: Short-Term Bounce or the Start of a New Trend?Chart patterns are among the most recognizable tools in technical analysis, and few are as widely followed as the double bottom. The pattern often signals that selling pressure may be fading after a prolonged decline, with buyers beginning to challenge the prevailing trend. Once price breaks above the pattern's neckline, many traders immediately focus on the traditional measured-move target, expecting the market to travel the projected distance before momentum fades. However, an important question often goes unanswered: does every double bottom simply lead to its projected objective, or can some breakouts mark the beginning of an entirely new trend? Understanding the difference can help traders place chart patterns within a broader market context instead of treating them as isolated signals. In this educational case study, we'll examine a developing setup in Ether Futures (ETH) while also discussing Micro Ether Futures (MET). The objective is not to anticipate future price action, but rather to explore how combining multiple technical tools may provide additional insight into whether a breakout is more likely to remain a short-term move or evolve into something much larger. Understanding the Double Bottom A double bottom is a classic bullish reversal pattern that forms after an extended decline. It consists of two distinct lows separated by an intermediate rally. The area between the two lows forms the neckline, and only when price closes above this level does the pattern become technically confirmed. Traditionally, the expected objective is calculated by measuring the vertical distance between the lows and the neckline, then projecting that same distance upward from the breakout level. This measured move provides traders with a logical reference point, but it should not be interpreted as a guaranteed destination. Financial markets rarely move in perfectly measured swings, and numerous factors can influence whether momentum fades before the objective is reached, reaches the objective precisely, or continues well beyond it. For this reason, experienced traders often look for additional technical evidence that helps distinguish between a temporary recovery and the early stages of a broader trend reversal. A Developing Ether Futures Case Study The accompanying chart illustrates an interesting educational example using Ether Futures (ETH) listed on CME. After several months of downward price action, the market has developed a recognizable double bottom. The neckline of the pattern is located near 1,851.0, which represents the technical breakout level required to validate the formation. Using the traditional measured-move calculation, the projected objective is approximately 2,189.0. Viewed in isolation, this analysis would suggest that traders simply monitor whether price can reach the projected objective. Yet markets are rarely that straightforward. Some breakouts achieve their measured targets before sellers regain control and the primary downtrend resumes. Others become the first stage of an entirely new bullish trend that extends far beyond the original projection. This distinction forms the central question of our analysis. Looking Beyond the Pattern One limitation of relying exclusively on chart patterns is that they describe price structure without necessarily describing the broader condition of the trend itself. A breakout confirms that buyers have overcome an important resistance level, but it does not automatically reveal whether institutional participation is sufficient to sustain a longer-term advance. This is where combining complementary technical tools can provide additional context. Rather than asking only whether the double bottom has broken out, traders may also ask whether independent evidence suggests that the prevailing trend itself is beginning to change. When several unrelated analytical techniques begin pointing toward the same conclusion, the resulting technical confluence can sometimes provide a more complete understanding of the evolving market structure. Adding Trend Confirmation One additional layer of analysis comes from the Supertrend indicator. At the time of this study, the indicator continues to classify Ether Futures as being in a downtrend. However, something particularly interesting is occurring. The Supertrend's extreme price level currently sits near 1,863.9, only a short distance above the double-bottom breakout level at 1,851.0. The proximity of these two technical levels creates an area of potential confluence. If price were to move above the neckline while also exceeding the Supertrend extreme, the market would not only be confirming the chart pattern itself, but it would also be providing additional evidence that the prevailing trend may be changing. This distinction is important. A breakout above the neckline alone may simply activate the measured move associated with the pattern. A breakout that simultaneously shifts the broader trend environment may suggest that the measured target represents only an intermediate milestone rather than the final objective. Of course, no technical indicator can guarantee future outcomes, and confirmation should always be viewed as one piece of evidence rather than definitive proof. The Importance of Nearby Resistance Even when bullish conditions improve, markets rarely move upward in a straight line. The chart identifies an important UnFilled Orders (UFO) resistance zone located approximately between 1,959.0 and 2,140.5. This area deserves attention because it lies directly between the breakout level and the projected double-bottom objective. As price approaches overhead resistance, it is common for supply to increase temporarily. Markets frequently pause, consolidate, or retrace before attempting another advance. Consequently, a temporary pullback after a successful breakout would not necessarily invalidate the bullish structure. Instead, traders often monitor whether buyers continue defending progressively higher lows after such retracements. If buying interest remains active despite short-term selling pressure, the developing structure may continue strengthening over time. Conversely, failure to sustain the breakout could indicate that the pattern was insufficient to reverse the broader trend. The objective is therefore not simply to identify resistance, but to understand how price behaves once resistance is encountered. Measured Move or New Trend? This brings us back to the original question. If the market only confirms the double bottom, traders may naturally focus on the projected objective near 2,189.0 as the primary technical reference. However, if the breakout also coincides with broader trend confirmation, the market structure itself may begin to change. In such situations, the measured move becomes less of a destination and more of an intermediate checkpoint within a potentially larger trend development. This illustrates why technical analysis often benefits from combining multiple perspectives rather than relying on a single chart pattern in isolation. Instead of asking only "Where is the target?", traders may also consider asking: Has the prevailing trend changed? Is momentum improving? Are important resistance levels being absorbed? Is price continuing to establish higher highs and higher lows following the breakout? Answering these questions may provide a richer understanding of market conditions than the measured projection alone. Illustrative Trade Scenario The following example is presented solely for educational purposes as a case study illustrating risk management concepts rather than as a trading recommendation. One possible approach would involve waiting for confirmation above both the double-bottom breakout level near 1,851.0 and the nearby Supertrend confirmation level around 1,863.9. The traditional chart objective would remain approximately 2,189.0, while a protective stop could hypothetically be placed beneath the breakout structure to define risk if the pattern were to fail. Because every trader uses different position sizing methodologies, the exact stop location and resulting reward-to-risk ratio will vary. The important lesson is not the specific numbers themselves, but rather the principle of defining both potential reward and acceptable risk before entering any position. Should the broader trend continue strengthening beyond the measured objective, traders may then reassess market structure rather than assuming the initial projection automatically represents the end of the move. Ether Futures and Micro Ether Futures CME lists two relevant U.S. dollar-denominated contracts for this case study: the standard Ether Futures contract (ETH) and the smaller Micro Ether Futures contract (MET). The contract specifications are materially different: o Ether Futures (ETH) Contract size: 50 ether Minimum price fluctuation (tick): $0.50 per ether = $25.00 per contract Current margin requirement: approximately $29,000 per contract o Micro Ether Futures (MET) Contract size: 0.10 ether Minimum price fluctuation (tick): $0.50 per ether = $0.05 per contract Current margin requirement: approximately $58 per contract This means one standard ETH contract is equivalent in size to 500 MET contracts. The much smaller MET contract allows position size to be adjusted in finer increments. This may be particularly relevant when the distance between the proposed entry and the technical invalidation level would otherwise create excessive dollar risk in the standard ETH contract. For example, a $100 move in Ether would correspond to: $5,000 of contract-value movement for one ETH contract $10 of contract-value movement for one MET contract Margin requirements are time-sensitive and may change as volatility and market conditions evolve. They also differ from broker-required initial, maintenance, overnight, or intraday margins. Traders should therefore verify the applicable amount with their futures broker before assessing position size. The Role of Risk Management Regardless of how attractive a chart pattern may appear, no technical setup guarantees success. Markets continuously respond to new information, changing liquidity conditions, and evolving participant behavior. For this reason, risk management remains one of the most important components of any trading methodology. Some principles frequently considered include: Defining risk before entering a position. Avoiding oversized positions relative to account size. Allowing the market to confirm a breakout rather than anticipating it. Accepting invalidation when technical conditions change. Remaining flexible as new information develops. Perhaps the most valuable lesson is that uncertainty never disappears from financial markets. Technical analysis seeks to organize probabilities, not eliminate uncertainty. Final Thoughts Double bottoms remain one of the most respected reversal patterns in technical analysis because they provide a clear framework for identifying potential changes in market sentiment. Yet the measured objective should not necessarily be viewed as the final chapter of every successful breakout. Sometimes it represents exactly what the pattern delivers—a defined move that eventually loses momentum. Other times, the breakout occurs alongside broader evidence suggesting that the prevailing trend itself may be changing. By combining classical chart patterns with trend analysis and nearby support and resistance assessment, traders can develop a more comprehensive framework for evaluating whether a breakout is simply a short-term bounce or the possible beginning of a broader trend reversal. Whether the traditional measured objective ultimately becomes the destination—or merely the first milestone—depends on how the market continues to evolve after confirmation. Data Consideration When charting futures, the data provided could be delayed. Traders working with the ticker symbols discussed in this idea may prefer to use CME Group real-time data plan on TradingView: www.tradingview.com - This consideration is particularly important for shorter-term traders, whereas it may be less critical for those focused on longer-term trading strategies. General Disclaimer The trade ideas presented herein are solely for illustrative purposes forming a part of a case study intended to demonstrate key principles in risk management within the context of the specific market scenarios discussed. These ideas are not to be interpreted as investment recommendations or financial advice. They do not endorse or promote any specific trading strategies, financial products, or services. The information provided is based on data believed to be reliable; however, its accuracy or completeness cannot be guaranteed. Trading in financial markets involves risks, including the potential loss of principal. Each individual should conduct their own research and consult with professional financial advisors before making any investment decisions. The author or publisher of this content bears no responsibility for any actions taken based on the information provided or for any resultant financial or other losses.

$BTCUSDT Double Bottom BTCUSDT is displayed on the 1D timeframe and the chart highlights a double bottom structure, with two major swing lows marked as Bottom 1 and Bottom 2. This pattern is commonly monitored as a potential bullish reversal if price confirms a breakout above resistance. The current price is trading around 64,180 USDT, while the chart shows a major resistance zone near 82,500 USDT. The recent recovery from the second bottom suggests buyers are attempting to push price back toward this key level. Key levels visible on the chart: Support: Approximately 57,800–58,000 USDT Resistance / Confirmation: Around 82,500 USDT A bullish confirmation could occur if price breaks and closes above the 82,500 USDT resistance level. If confirmed, the chart projects a potential move toward the 107,000–109,000 USDT target zone, representing an approximate 30% move from the breakout area. If price fails to hold above the recent higher low or revisits the support near 57,800 USDT, the bullish setup may become invalid and the projected target would no longer be applicable. As always, watch for confirmation rather than anticipating the breakout. This analysis is for educational purposes and reflects only the price structure visible on the chart. Markets involve risk, and no outcome is guaranteed. Hashtags

by crypto_vulture_signals

$SEIUSDT Double Bottom Recovery SEIUSDT Perpetual Contract (1D) is showing a potential double bottom formation after an extended downtrend. Two lows have formed around the same support area, suggesting that selling pressure may be weakening if buyers continue to defend this zone. The current price is trading near 0.0474 USDT, with the primary support located around 0.0440–0.0450 USDT, where both bottoms have developed. This area is important because a loss of support would invalidate the current bullish structure. The nearest resistance is around 0.0500 USDT, followed by the neckline region near 0.0550 USDT. A sustained move above this resistance could confirm the double bottom pattern and increase the probability of further upside. If the breakout is confirmed above the neckline, the chart projects a potential move toward 0.0571 USDT, representing an approximate 20% gain from the current price zone. If price fails to hold the 0.0440 USDT support, the pattern may become invalid and additional downside could follow. As always, watch for confirmation before considering any directional bias. This analysis is for educational purposes and should not be considered financial advice.

by crypto_vulture_signals

Ethereum's Bullish Bat Pattern Near Completion Ethereum's daily chart is forming a Bullish Bat Harmonic Pattern, with price now trading inside a key Potential Reversal Zone (PRZ). This area represents the completion of the pattern and coincides with a strong historical support level, making it a critical zone to watch for a bullish reversal. A confirmed breakout from the descending trendline could shift momentum in favor of buyers, opening the door to upside targets at $2,800, $3,850, $5,000, and potentially $7,200 if the pattern fully plays out. As with all harmonic setups, confirmation is essential. A sustained break below the PRZ would invalidate the pattern, while a strong bullish reaction could mark the beginning of Ethereum's next major upward move.

by FreedomBuilder

$LINKUSDT Double Bottom The chart shows LINKUSDT Perpetual Contract on the 1D timeframe with a developing double bottom pattern after a prolonged downtrend. Two comparable lows are marked as Bottom 1 and Bottom 2, indicating a potential reversal structure if price continues to hold above the recent support area. The current price is trading around 7.94 USDT, with the two major support areas visible near 6.99 USDT (marked low) and the second bottom around the same zone. Holding above this support keeps the pattern valid. The neckline resistance is located around 8.50–8.70 USDT. A sustained move above this resistance could confirm the double bottom breakout and strengthen the bullish structure. Watch for confirmation before considering the pattern complete. The chart projects a target near 10.50 USDT, representing an approximate 20–25% move from the current price zone if the breakout is confirmed. If price fails to maintain support and breaks below the 6.99 USDT low, the double bottom structure would be invalidated, and the bullish scenario may no longer remain valid. This analysis is based only on the visible chart structure and is intended for educational purposes. Always wait for confirmation and manage risk appropriately.

by crypto_vulture_signals

#IDUSDT #ID The price is moving within a descending channel on the 1-hour timeframe and has reached the lower boundary. It is now poised for a bounce and is expected to retest this boundary. The Relative Strength Index (RSI) indicates a downward trend, which is likely to continue given the overbought conditions. A key support zone has been identified in green at 0.0277. The price has bounced off this zone several times, making it a strong support level. The price is trending towards the 100-period moving average, which we are approaching. This trend supports an upward move. Entry Price: 0.0318 Target 1: 0.0333 Target 2: 0.0352 Target 3: 0.0378 You can close at the second target or wait for the third target. The choice is yours. Stop Loss: At the resistance zone in green. Remember this simple rule: Money Management. Any questions? Please leave a comment. Thank you.

by CryptoAnalystSignal

Trading Roadmap | Classical TA·Lesson 07—Reversal Chart Patterns Lesson 7 - Reversal Chart Patterns: How Trends End Difficulty: (Beginner–Intermediate) Many major trend reversals leave recognizable structures on the chart — shapes that professionals have been reading for a century. Head & Shoulders, Double Tops, Triple Tops, and Rounding patterns are the classical reversal formations. Learn to recognize them early, and you can prepare for possible trend changes with more structure. 🔵 RECAP — WHERE WE LEFT OFF In Lesson 6, you learned multi-candle reversal patterns — Engulfing, Stars, Three Soldiers. Those are small, precise signals. Now we zoom out to the big structural shapes that unfold over weeks or months and often mark the end of entire trends. 🔵 WHY CHART PATTERNS MATTER MORE THAN CANDLES A candle pattern shows a moment. A chart pattern shows a shift in market psychology over time. When a trend has run for months, the market rarely reverses in one candle. It often builds a shape — usually 3 or more swings — that can signal distribution or accumulation is happening. That shape is your early warning. 🐳 Pro Tip: A weekly Head & Shoulders can signal a larger shift than the same pattern on a 5-minute chart. The bigger the timeframe, the more meaningful the potential move. 🔵 1. HEAD & SHOULDERS — THE KING OF REVERSALS One of the most widely followed reversal patterns in classical TA. Structure (bearish reversal at trend top): Left Shoulder — a peak followed by a pullback Head — a higher peak (the highest of the three) Right Shoulder — a lower peak roughly at the level of the left shoulder Neckline — the line connecting the two pullback lows between the peaks Confirmation: pattern completes when price closes below the neckline. Target: measure the distance from the top of the head to the neckline. Project that same distance downward from the neckline break. Inverted Head & Shoulders — same structure mirrored, at the bottom of a downtrend. Bullish reversal. 🐳 Pro Tip: The right shoulder should typically stay below the head. If it makes a new high, the pattern is often invalidated. 🔵 2. DOUBLE TOP & DOUBLE BOTTOM Two failed attempts at the same extreme. Simple, common, and widely used. Double Top (Bearish Reversal): price rallies to a high, pulls back, rallies to the same high, and fails again. The pullback low between the two peaks is the neckline . Double Bottom (Bullish Reversal): mirror image at a support level. Confirmation: pattern completes when price closes beyond the neckline. Target: measure the distance from the peak (or trough) to the neckline. Project that distance beyond the break. 🐳 Pro Tip: The two peaks (or bottoms) should be near-identical in price. If the second one is significantly higher/lower, it may not be a Double Top — the trend could still be continuing. 🔵 3. TRIPLE TOP & TRIPLE BOTTOM Three failed attempts instead of two. Rarer than doubles, but often carry more weight when they appear. Structure and target measurement follow the same logic as Double Tops/Bottoms — just one more rejection at the level. 🐳 Pro Tip: A Triple Top can sometimes convert into a Descending Triangle (which you'll see in Lesson 8 on Continuation Patterns) if it breaks the neckline hard. 🔵 4. ROUNDING TOP & ROUNDING BOTTOM The slowest, quietest reversal pattern — and often the cleanest when confirmed. Rounding Bottom (Bullish, aka "Saucer"): a smooth, arc-shaped bottom. Sellers slowly lose control, buyers slowly take over. When the pattern completes and breaks the neckline, the ensuing rally can be powerful. Rounding Top: mirror image at a market top. Slow distribution, then a decisive break down. 🐳 Pro Tip: Rounding patterns are often overlooked because they take time to form, but they can provide cleaner structural context when confirmed. 🔵 5. HOW TO TRADE ANY REVERSAL PATTERN The universal 4-step process: Identify the pattern as it develops — after the head forms (for H&S), or after the second peak/trough (for Doubles) Draw the neckline connecting the reaction points Wait for a close beyond the neckline — the pattern is not confirmed until then Choose your entry style — see below Entry styles: Aggressive traders may enter on a decisive close beyond the neckline. Conservative traders often wait for a retest of the neckline before entering. Stop loss: just beyond the pattern's extreme (below the head in this Inverted H&S example). Reward zone: once the breakout is confirmed, price can run well beyond the neckline — the chart above shows a real Inverted H&S at the 2022 BTC bottom, where the valid breakout above the neckline was followed by a multi-month rally. 🔵 6. COMMON BEGINNER MISTAKES Trading the pattern before the neckline breaks (anticipation) Ignoring the higher-timeframe trend — a bearish reversal pattern inside a stronger uptrend can often fail Confusing a Double Top with a healthy pullback in an uptrend Not measuring the target and holding trades without a plan Trading small chart patterns on 1m or 5m — they can be less reliable there Entering without deciding whether you're playing the break or the retest 🔵 7. YOUR REVERSAL PATTERN FRAMEWORK Before acting on any reversal pattern, ask: Is the pattern at the end of an extended trend? Has the neckline been broken with a body close and follow-through? Where is the projected target — and does it justify the risk? Does the higher timeframe agree with the reversal? 🔵 QUICK SELF-CHECK Identify a Head & Shoulders vs an Inverted H&S Draw a neckline on any Double Top or Bottom Measure a target from the pattern's height Explain why Rounding patterns take longer but can produce cleaner structural moves Choose your entry style — break vs retest — and defend the choice 🔵 WHAT IS NEXT Lesson 8 — Continuation Chart Patterns: reversal patterns can mark the end of trends. Continuation patterns can help traders structure trend-following entries with clearer context. We will cover Flags, Pennants, Triangles (Symmetric / Ascending / Descending), Rectangles, and Wedges. Drop a comment: which reversal pattern do you find easiest to identify — Head & Shoulders, Double Top, or Rounding? Full Trading Roadmap | Classical TA Course Trading Roadmap | Classical TA · Lesson 01 — Mastering the Chart Trading Roadmap | Classical TA · Lesson 02 — Mastering Trends Trading Roadmap | Classical TA · Lesson 03 — Support & Resistance Trading Roadmap | Classical TA · Lesson 04 — Price Channels Trading Roadmap | Classical TA · Lesson 05 — Single Candle Patterns Trading Roadmap | Classical TA · Lesson 06 — Multi-Candle Patterns Best Regards, BigBeluga 🐳

ETH/USD: Bullish RSI Divergence + Potential Double Bottom ETH is showing a bullish RSI divergence on the daily timeframe, suggesting that bearish momentum is weakening. At the same time, price is forming a potential double-bottom. Note: This setup is based on technical analysis and requires breakout confirmation before considering a bullish continuation. #Ethereum #ETH #Crypto #TechnicalAnalysis #RSI #BullishDivergence #DoubleBottom #TradingView

by Asgharkhanniazi

Ethereum breaks $1,670 and 20 MA on a potential double bottom CRYPTOCAP:ETH just reclaimed $1,670 and the 20-day - double bottom setting up? First low printed at 1,510 in mid-June, second at 1,505 late June. That second low briefly took out the first and immediately snapped back - that's a textbook bear trap. The neckline sits at 1,848, and this level is stacked: it's the swing high between the two lows, it's the old February–March support that's now flipped to resistance, and the 50-day MA is parked right there at 1,836. Triple confluence. This is THE level. Here's the part most people get wrong: right now there is no pattern - there's a candidate. Price is chopping around 1,700, and the setup only triggers on a daily close above 1,848 with real volume behind it. Most "double bottoms" you spot in real time are just the market bouncing twice on its way lower. Front-running the confirmation is gambling, not trading. Yesterday's candle ripped almost 6% on slightly above-average volume - promising, but not proof. If we get a confirmed breakout, the measured move is straightforward: ~340 points of pattern height projected from the neckline puts the target zone at 2,190–2,215. Heads up though - the declining 150 EMA sits at 2,142, right at the front door of that zone, so expect a fight there. And keep the bigger picture honest: two and a half weeks between the lows makes this an intermediate reversal, not a trend change. Flip side: a third rejection at 1,835–1,848 followed by a rollover - and especially a break below 1,505 - opens the trapdoor. Everyone who bought the lows gets caught, and it gets ugly fast. Bottom line: above 1,848 on volume, bulls have a setup targeting ~2,200. Below 1,500, the thesis is dead. Until one of those resolves - patience. Not financial advice.

$SN - Double Bottom and 50 SMA Breakout Watch 💡 Swing setup idea Bullish breakout 🔎 Analysis summary: The stock broke above the 50 SMA, officially closing a double bottom pattern. Watch for a potential breakout continuation from these levels. 🔔 Friendly reminder: The S&P 500 is currently trending down, so please keep the broader market weakness in mind before entering any new trades. 👀 Levels to watch: Entry trigger: Break above $124.41 Target: $151.71 Stop: Under the breakout level 💬 What do you think of this setup? Let me know in the comments! 👇 Good luck! ⚠️ Note: This is for educational purposes only and is not financial advice.

USDT Dominance Double Top | USDT.D USDT Dominance (USDT.D) on the 1D timeframe is testing a major resistance zone around 9.3%–9.5%, where price has formed a visible Double Top structure. The chart shows two swing highs (Top 1 and Top 2) developing within the same resistance area. This pattern is commonly monitored as a potential reversal formation if price breaks below the neckline. Current price is trading near 9.07%, just beneath the highlighted resistance zone. A sustained rejection from this area could keep the double-top scenario valid. Key Resistance 9.3%–9.5% highlighted supply zone. A decisive move above this region would weaken the bearish pattern. Key Support Neckline support is located near 8.1%. A confirmed breakdown below this level would complete the Double Top formation. Confirmation Watch for a confirmed close below approximately 8.1% before considering the pattern confirmed. Until then, the setup remains a developing structure. Projected Target The chart projects a move toward approximately 6.95%, representing an estimated 23% decline from the current price zone if the breakdown is confirmed. Invalidation A sustained breakout above the 9.3%–9.5% resistance zone would invalidate the Double Top structure and reduce the probability of the projected downside move. This analysis is for educational purposes and reflects only the market structure visible on the chart. Always wait for confirmation before drawing conclusions from a developing pattern.

by crypto_vulture_signals

$BTCUSD Double Bottom BTCUSD is currently trading on the 1D timeframe and the chart highlights a Double Bottom reversal pattern. The structure shows two swing lows forming near the 58,000–60,000 support area (Bottom 1 and Bottom 2), while the neckline is positioned around 83,500–84,000, which acts as the primary resistance level. At the moment, price remains in the lower part of the pattern near the second bottom, suggesting that buyers are attempting to defend the major support zone. A move above the neckline could confirm the pattern, while price remaining below it means the reversal is not yet confirmed. Key Levels Support: 58,000–60,000 Resistance / Neckline: 83,500–84,000 Confirmation Level: A sustained breakout and close above 84,000 could confirm the Double Bottom pattern. Projected Target: Approximately 110,000, representing a potential move of roughly 30% from the breakout level if the pattern is confirmed. If price fails to hold the 58,000 support area, the bullish structure may become invalid, making this level important to monitor. This analysis is for educational purposes only. Watch for confirmation before considering any directional bias, as price action could change if key levels fail to hold.

by crypto_vulture_signals

Double Bottom Formation Technical Setup: Dost Steel Ltd. (DSL) has formed a solid macro Double Bottom after twice validating structural support at 5.00 PKR. While price matched the previous low, the RSI (14) printed a clear higher low, establishing a strong Bullish Divergence that signals seller exhaustion and buyer accumulation. Trading Strategy: Trigger: Wait for a confirmed daily candle close above major resistance at 5.94 PKR on strong volume to trigger entry. Target: 7.20 PKR

by faizaneali345

$OMF - Double Bottom and 50 SMA Breakout 💡 Swing setup idea 🔎 Analysis summary: The stock crossed above the 50 SMA and closed a double bottom pattern. We are seeing growing, above-average buyers' volume stepping in to support the move. 🔔 Friendly reminder: The broader market is currently trending down, so please keep market weakness in mind before entering any new trades. 👀 Levels to watch: Entry trigger: Break above $60.45 Target: $71.68 Stop: Under the breakout level 💬 What do you think of this setup? Let me know in the comments! 👇 Good luck! ⚠️ Note: This is for educational purposes only and is not financial advice.

$BTCUSD Double Bottom BTCUSD on the 1H timeframe is showing a Double Bottom formation after a strong decline. The chart highlights two similar swing lows near the 58,000–58,400 area, suggesting that buyers are attempting to defend this support zone. The current price is trading around 59,800, while the neckline resistance is located near 60,200. A sustained move above this resistance could serve as the breakout confirmation for the pattern. If the breakout is confirmed, the measured move shown on the chart projects a target near 62,278, representing an approximate 3.5–4% upside from the breakout region. The setup could become invalid if price fails to hold the 58,000 support area and breaks below the recent lows, which would weaken the bullish structure. As always, watch for confirmation before considering the pattern complete. This analysis is for educational purposes and not financial advice.

by crypto_vulture_signals

$HAYW - 50 SMA Breakout and Double Bottom Pattern 💡 Swing setup idea 50 SMA breakout / Double bottom completion 🔎 Analysis summary: The stock crossed above the 50 SMA and is closing a double bottom pattern. We are also seeing buyers volume stepping in to support the move. 👀 Levels to watch: Entry trigger: Break above $16.36 Target: $19.62 Stop: Under the breakout level 💬 What do you think of this setup? Let me know in the comments! 👇 Good luck! ⚠️ Note: This is for educational purposes only and is not financial advice.

BTCUSD: Double Bottom Support triggers projected rally to FVG Technical Elements & Key Levels 1. The Wedge Structure & Breakout Wedge Pattern: From February to May, the price traded within an ascending broadening wedge or large channel, marked by two white, diverging Trendlines. Breakout: In early June, a sharp downward move forced a clean "Breakout" (technically a breakdown) below the lower supporting trendline. 2. Key Support and Resistance Zones Double Bottom Support ( ~$60,000 - $61,500): The bottom green horizontal block indicates a strong historical demand zone. Price recently tapped this level in early June, creating a double-bottom structure that halted the aggressive post-breakout sell-off. SBR (Support Becomes Resistance) Zone (~$64,000 - $66,000): The middle green horizontal block represents a previous major support level that price is currently testing from below. HTF FVG (High Time Frame Fair Value Gap) Resistance Zone (~$71,500 - $73,000): The top pinkish-purple horizontal block outlines a premium structural imbalance acting as the ultimate upside target and a heavy resistance zone. Projected Price Path (The Blue Arrow Forecast) The chart outlines a specific path of interest for the remainder of June and heading into July: Point of Interest: The price is expected to pull back slightly from its current position around $64,182 to a dashed "Point of interest" line near $62,500, aligning with a local ascending support line. SBR Retest: A successful bounce from that point is projected to push the price back up to test the upper boundary of the SBR zone near $66,000. The Rally to FVG: If buyers clear the SBR zone, the blue projection arrow shows a strong, direct continuation upward to tap into the HTF FVG works as Resistance zone near the $72,500 level.

by Expert_Travis

#ID/USDT Ready to go up #ID The price is moving within a descending channel on the 1-hour timeframe and has reached the lower boundary. It is now poised for a bounce and is expected to retest this boundary. The Relative Strength Index (RSI) indicates a downward trend, which is likely to continue given the overbought conditions. A key support zone has been identified in green at 0.0244. The price has bounced off this zone several times, making it a strong support level. The price is trending towards the 100-period moving average, which we are approaching. This trend supports an upward move. Entry Price: 0.0273 First Target: 0.0279 Second Target: 0.0290 Third Target: 0.0305 You can close at the second target or wait for the third target. The choice is yours. Stop Loss: At the resistance zone in green. Remember this simple rule: Money Management. Any questions? Please leave a comment. Thank you.

by CryptoAnalystSignal

$SOFI - 50 SMA Breakout and Potential Double Bottom 💡 Swing setup idea 50 SMA breakout / Double bottom pattern 🔎 Analysis summary: After the 50 SMA acted as resistance, the stock successfully broke above it. The stock is now near closing a double bottom pattern, with noticeable buyers volume stepping in. 👀 Levels to watch: Entry trigger: Break above $18.84 Target: $22.55 Stop: Under the breakout level 💬 What do you think of this setup? Let me know in the comments! 👇 Good luck! ⚠️ Note: This is for educational purposes only and is not financial advice.