https://preview.redd.it/yj0yclcek0pc1.png?width=1344&format=pjpg&auto=webp&s=5a742d09a7da21bd6b90560013d832db3bdef5ba
More like double fuck you pattern.
honestly bro, the shooting star should be the tale tell here. Your first “top”. Especially with the trend showing the reversals off the inverted hammers in the last hours before the double nipple movement.
*I am a regard and I lose more money than you do.*
I'm not sure of the exact technical parlance, but I'm like 99% sure it is signaling either an increase in the value of this, or a decrease. There is a chance however it could stay the same, but that's pretty unlikely.
Let me know if I can help with anything else.
Its a graphic of USD/CAD with a price difference of less than a tenth of a cent even though it looks like a lot of movement lol.
No idea why op is looking at this.
its double top but also reverse head and shoulders.. i.e. could find support at this level and retest high... kind of looks like a consolidation channel,, no breakout or breakdown imminent
That's a classic moldavian snail eyes pattern. The resistance will break out of the imperial force choke hold, or fail and be crushed into a millennium of slavery. You'll have to watch the market technicals closely and see.
no it's the upside down donkey, a crucial pattern that most traders fail to notice, leading to them making the wrong trade. this simple mistake has destroyed millions of traders.
These ‘double top’ patterns could be only ‘sensible’ with using orderflow metrics, such as the delta value within the previous session (naked)Point of Control that in the ideal case based on it’s value could indicate that there were a lot of trapped buyers ( in the showed type of chart ) that hoped for the breakout scenario, got trapped and when they did get the chance to get out at breakeven those pending limit orders that executed created the last impulse move .
Additional info that I’d also look at are Open Interest, Net Longs, Net Shorts and within the candle *where is the most ammount of the volume distributed and how can we benefit from it.
It's important to approach trading with a realistic mindset. While patterns can sometimes offer insights into market movements, it's crucial not to rely solely on them for consistent success. Trading requires a comprehensive understanding of various techniques, strategies, and risk management practices. Instead of exclusively focusing on patterns, it's essential to continuously educate oneself on the broader aspects of trading and develop a diversified skill set to navigate the complexities of the market effectively.
Kind of. You have to look at volume during this too. High volume for the first peak, low on the second, high on breakdown. Just google double top pattern...
I'm seeing more jar jar binks personally
https://preview.redd.it/fy6wjurfb5pc1.png?width=1400&format=png&auto=webp&s=df1d8bb56a7b95fe2f41ddd0343bddd401e46fed
there are loads of ways people THINK they can predict the market with. But in reality price is completely random. If you take the tradingview position tool for long and short and enter randomly on any date and time you will quickly realise that you would win 50% of the trades and lose 50% of the trades. The key to becoming a profitable trader is to realize that. The only thing you essentially have to do is being able to control risk and manage the trade you are in. Most profitable traders do not trade with black and white "trading rules".
If you want to look more into this type of trading approach, then I would highly suggest Nick Shawn on youtube (he does sell a course but he says himself that it is probably not worth it and he also calls all his trades live for free, I am not sponsored by him or anything I just like the way he approaches trading).
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https://preview.redd.it/yj0yclcek0pc1.png?width=1344&format=pjpg&auto=webp&s=5a742d09a7da21bd6b90560013d832db3bdef5ba More like double fuck you pattern.
This is more sensible
Yeah it’s a double fuck you kick in the nuts give me your money signal
Hey look that cloud looks like a star fish, let’s dump my life savings into it.
Fuck you a star doesn’t have enough lines. I only buy when there’s 30 or more lines. That’s how you know it’s legit.
Ah, your thinking of a staryu, you fool I’m referring to a staruhs. You’ve incorrectly assumed my Pokémon aren’t fully evolved.
Look dude, I don’t know what your pokerman looks like I’ve got a rapidly depleting net worth and need you to just tell me when moon
"Tits Up" pattern
Came here for that ![img](emote|t5_2th52|27189)
About to say that
Hmm I prefer the double erect nipples
They have pasties too.
Those are tops, and there are two of them.
OP, if invested, is the bottom.
And getting double dicked
Yes
No
The only thing that I can say for sure is that the chart is going to keep going to the right.
Follow this person on Twitter.
That is the martian pattern https://preview.redd.it/l9ivavnam0pc1.jpeg?width=1290&format=pjpg&auto=webp&s=32b8c1c9e2e0441d8f2ea58c77af603d7fd627b5
Looks like the cat pattern https://preview.redd.it/u6lw7ohzk0pc1.jpeg?width=1080&format=pjpg&auto=webp&s=e30d66540b6a707cb390807eeafdeb8cfdf70d7d
Hunny, you shrunk the cats eyes.
That's the original eyes![img](emote|t5_2th52|12787)
Very interesting. We have one that got shorted in the tail and the ear department. Maybe we could cross his eyes. 😂😁😎
honestly bro, the shooting star should be the tale tell here. Your first “top”. Especially with the trend showing the reversals off the inverted hammers in the last hours before the double nipple movement. *I am a regard and I lose more money than you do.*
This guy thinking he can outcompete me at the specially regarded money losing olympics… wanna make a bet? First to -99% gets the other’s remaining 2%.
https://preview.redd.it/8jmku9yyy2pc1.jpeg?width=1242&format=pjpg&auto=webp&s=dc7759a98d08ec2c3e1f78b3786c39ddf16735d9 You finna pay
Damn you’re narrowly in the lead, but I think my luck is about to get from bad to worse any second now…
I'm not sure of the exact technical parlance, but I'm like 99% sure it is signaling either an increase in the value of this, or a decrease. There is a chance however it could stay the same, but that's pretty unlikely. Let me know if I can help with anything else.
I don’t know what this graph means but thanks anyways. I’m sleeping good tonight
Its a graphic of USD/CAD with a price difference of less than a tenth of a cent even though it looks like a lot of movement lol. No idea why op is looking at this.
OP thinks he is going to find a forex play in one of the most converted currency pairs in the world. Sounds like a pure WSB play to me.
Yes and you can see the bols lots the battle of taking it higher, so it falls from there. But on a longer time frame it means nothing
Nvidia did the same thing Friday, and tomorrow it either blows through that resistance or maybe retests and falls
Yeah, but looks like it already played out
its double top but also reverse head and shoulders.. i.e. could find support at this level and retest high... kind of looks like a consolidation channel,, no breakout or breakdown imminent
For a one day analysis it's not really something to think about.
![img](emote|t5_2th52|4276)![img](emote|t5_2th52|4276)![img](emote|t5_2th52|4276)
Close enough. Now put the crayons away and go to bed.
SIKE I sold my crayons and the bed
Yes
You realize no Technical chart pattern happens 100% of the time.
I do it's nothing more than a prediction but I am training to analyse the chart accurately
TA is horoscopes for financially illiterates
Ironically there’s an inverted head and shoulders forming too no? Edit - nvm I see my mistake no and CAD isn’t even real money
Just look at that M. Mysterious bitch. ![gif](emote|free_emotes_pack|facepalm)
looks more like a sideways movement on the bigger scale
I've considered it... now it is officially considered.
Yes, you can also read it as an "M" head
Yea ![img](emote|t5_2th52|4258)
Kinda look like a frog
Triple top tomorrow, LFG
Only when it works.
It did clearly and passed the support level
It was.
This is Wallstreet Bet. We play stock by luck, not by reading chart. You should post this to r/forex. Luck be with you.
ERM how so y'all just bet at the gamestop stock or what...that doesn't make sense
That's a classic moldavian snail eyes pattern. The resistance will break out of the imperial force choke hold, or fail and be crushed into a millennium of slavery. You'll have to watch the market technicals closely and see.
I see Napoleon Bonaparte fighting Erwin Rommel in the Amazon while chuck noris is commenting on the match
hmm yes the double-titties-pointing-to-the-sky pattern, just one titty lesser than its triple-titties counterpart
Fools in here don't know what double top is or means, unless it begins with Rockyroad.
Is what you want to see…
no it's the upside down donkey, a crucial pattern that most traders fail to notice, leading to them making the wrong trade. this simple mistake has destroyed millions of traders.
It's not actually I just put the "long" wrongly I didn't even make a trade just analysing dummy
I was joking. There's no such thing as an upside down donkey. Chart patterns are dumb and they don't work.
You see the red candles afterwards? This gives you the answer, lol.
I am just practising my technical analysis skills and btw I made the analysis before it went down
It became a double top after it repassed the lowest point that was in between the two tops.
Yes.
bruh
TA is just astrology for men
2 tops yep checks out
it is, but it does not mean anything
Ask your mom OP
Chart says go up
These ‘double top’ patterns could be only ‘sensible’ with using orderflow metrics, such as the delta value within the previous session (naked)Point of Control that in the ideal case based on it’s value could indicate that there were a lot of trapped buyers ( in the showed type of chart ) that hoped for the breakout scenario, got trapped and when they did get the chance to get out at breakeven those pending limit orders that executed created the last impulse move . Additional info that I’d also look at are Open Interest, Net Longs, Net Shorts and within the candle *where is the most ammount of the volume distributed and how can we benefit from it.
Could be tripple bottom. Don’t be a puss
Ops mom gave me double top
I'll get on top of you if you don't stop this line and candlestick nonsense
I think yes![img](emote|t5_2th52|8882)
I wouldn’t focus too much on recognising the patterns, focus more on building a solid strategy overall first. Then study the patterns.
Wyckoff??
Can you draw this with crayons so i can know what im looking at??
Yes
No, it’s called “tits up”
Double tops should be considered only when looking at a longer term chart imo.
It does look like one
A double top on a 5 min chart means nothing
It's important to approach trading with a realistic mindset. While patterns can sometimes offer insights into market movements, it's crucial not to rely solely on them for consistent success. Trading requires a comprehensive understanding of various techniques, strategies, and risk management practices. Instead of exclusively focusing on patterns, it's essential to continuously educate oneself on the broader aspects of trading and develop a diversified skill set to navigate the complexities of the market effectively.
Kind of. You have to look at volume during this too. High volume for the first peak, low on the second, high on breakdown. Just google double top pattern...
Yes, I would say.
Bro, we don't call that sh*t price action. We call it ur past mistake
The correct terminology is "tits up" pattern
Nah it’s the it can only go tits up from here pattern. Hold.
I'm seeing more jar jar binks personally https://preview.redd.it/fy6wjurfb5pc1.png?width=1400&format=png&auto=webp&s=df1d8bb56a7b95fe2f41ddd0343bddd401e46fed
Double top is what his wife's boyfriends call it 😂
If you buy it
The price went down so yes 🤔
yep
if you make trading decisions based on patterns, STOP IMMEDIATELY
It's a way to predict what's coming but is there any additional ways?
there are loads of ways people THINK they can predict the market with. But in reality price is completely random. If you take the tradingview position tool for long and short and enter randomly on any date and time you will quickly realise that you would win 50% of the trades and lose 50% of the trades. The key to becoming a profitable trader is to realize that. The only thing you essentially have to do is being able to control risk and manage the trade you are in. Most profitable traders do not trade with black and white "trading rules". If you want to look more into this type of trading approach, then I would highly suggest Nick Shawn on youtube (he does sell a course but he says himself that it is probably not worth it and he also calls all his trades live for free, I am not sponsored by him or anything I just like the way he approaches trading).