I think midsummer is the best time to get in. The stock will drop to 400.
DXY chart Anylisis 1Hour idea ? Bearish trande Use proper money management ?
Hello, Traders! ?? Have you ever noticed a market attempting to break through the same resistance level twice, only to fail both times? This formation is known as the double top pattern and often signals a potential bearish reversal. But is a double top bullish or bearish across all markets? Let’s dive into the meaning of the double top pattern and how to identify it on your charts! What Is a Double Top? ? A double top is a chart formation where the price reaches a high, pulls back, and then rallies again to the same or a very close high but fails to break through. This second failure to surpass the previous peak suggests buyers are losing momentum, paving the way for a potential downtrend. Key Points of the Double Top Chart Pattern: Two Prominent Highs: The peaks are usually at similar price levels. Neckline (Support Level): The interim low between the two peaks forms a support line. Bearish Sentiment: When the price breaks below the neckline, it confirms a potential trend reversal to the downside. Is a Double Top Bullish or Bearish? The double top pattern is bearish because it signals that the uptrend is weakening and sellers are gaining control. After the neckline breaks, it often results in a significant price drop. Key Features of a Bearish Double Top Pattern The Two Peaks Are Nearly Equal in Height. Volume Declines on the Second Peak, Showing Reduced Buying Pressure. A Breakdown Below the Neckline Confirms the Pattern and Triggers the Downtrend. Advantages of a Double Top Pattern Clear Trend Reversal Signal: A double-top chart pattern visually indicates a potential shift from an uptrend to a downtrend. Defined Resistance Level for Risk Management: The two peaks at similar price levels create a strong resistance zone. This allows traders to place Stop-Loss orders effectively and set profit targets with more confidence. Volume Confirmation for Stronger Signals: During a valid double top trading pattern, volume often decreases as the second peak forms and increases when the neckline breaks. This helps confirm the authenticity of the breakout and strengthens trade decisions. Favorable Risk-Reward Ratio: Because the expected price drop is often equal to the pattern's height, the potential reward is typically larger than the initial risk. This can make the double-top pattern an attractive setup for risk-management-focused traders. Disadvantages of a Double Top Pattern Not Always Reliable (False Signals): Like any technical pattern, the double top can fail, leading to false breakouts. Prices may temporarily create two peaks but then continue upward instead of reversing. Subjectivity in Pattern Recognition: Traders may interpret the double top pattern meaning differently based on variations in peak height, neckline positioning, or symmetry. This subjectivity can lead to inconsistent trade execution. Variations Across Different Markets: Not all double top chart formations look the same. Some may have uneven peaks, wider time frames, or irregular structures, making setting precise entry and exit points harder. Limited Profit Potential in Some Cases: While the projected price drop is based on the pattern's height, market conditions may prevent the price from reaching the expected target. Final Thoughts: Why the Double Top Pattern Matters The double top chart pattern is a bearish reversal signal that helps traders identify when an uptrend is losing momentum. So, traders, have you ever caught a double top trading pattern before a major price drop? Your experiences and strategies are valuable to the trading community. Share them in the comments and let's learn from each other!
Food for thought looking at the accompanying sell-off in US equities.
Argentine federal prosecutor Eduardo Taiano is pushing to freeze over $110 million in proceeds tied to the controversial Libra memecoin. The token gained traction after a social media endorsement by President Javier Milei.
Israel's central bank has offered a first look at how it will implement its digital shekel.
OctaTrader obtained the ‘Best Use of AI in Fintech 2025‘ accolade from Global Business Magazine in March 2025. Global Business Magazine has awarded the platform top honors for Best Use of AI in Fintech because of its innovative AI Pattern Recognition feature. Global Business Magazine Award: A Testament to Innovation Octa maintains its position as […]
While you probably have a calendar app, special events like birthdays of friends and family might sometimes get lost in a mess of meetings and other work-related events. But Dateminder will make sure you never forget special events again. At the start, the app syncs key dates from your contacts like birthdays and anniversaries. You can also manually add in an event. The results are then shown in an easy-to-use list that even provides a search function. To help keep track of all the special events without even having to open the app, there are a wide variety of custom home screen widgets to use. And the app has recently been updated with some great new features. First up is a updated design that looks great. You can now also edit a special date by pressing and holding or swiping. You can change the icon, date, or name of the event. All of your favorite contacts now stand out in the app with a glow on both the event icons and home view. The app has also added WhatsApp support so you can quickly contact friends and family to celebrate their special day. That joins the native Messages support already available. There is also a new countdown feature to help you visualize how close you are to a special day. Dateminder is a free download now on the App Store. It’s just for the iPhone. There’s an optional Dateminder+ subscription available for $0.99 per month, $9.99 yearly, or $24.99 for the lifetime of the app. Subscribers will be able to unlock notifications, sync with a calendar, use WhatsApp support, and enjoy all of the widgets. Get Dateminder - Event Reminders in the App Store
Discord has become a central artery for gaming. It’s the default place for companies to build communities around their games and for the people who play them to hang out with one another, coordinate gaming sessions, or just shoot the shit about whatever’s going on in life. It’s one of the least shitty social media…Read more...
Aus der Asche... Nachdem die Firma vor rund 20 Jahren in die Insolvenz ging, kommt sie nun unter neuer Führung zurück. Zunächst will man aber eher kleinere Brötchen backen.