Head and Sholders. BTCUSDT moves down along this patternBTCUSDT has been moving down Head and shoulders for several days. Probably further movement down this figure. The head and shoulders are automatically identified by my script:
HEAD
DXY GAME ON!! SPIKE COMING FOR THE DOLLAR?Last week's surprising jobs report sticky inflation, and persistent and frothy financial conditions may force the Federal Reserve members into a more hawkish position, forcing them to keep the heat on interest rates and the money supply.
Many market participants were looking for a pause in rate hikes as soon as next month and possibly a pivot to lowering rates shortly after. This new data is going against what the Fed was trying to accomplish in this rate hike cycle, which is
to keep inflation within mandated guidelines, and to tame loose financial conditions, dashing the hopes for a pivot in policy anytime soon and pushing that pivot out for far longer than some were expecting. This will put upward pressure on bond yields and a dollar so heavily shorted causing the pivot crowd to close out some of their short positions as the Fed puts the screws to the money supply and inflation. This classic cup and handle setup illustrates the effect the Fed Policy may have on the dollar.
Inverse head & shoulder bottom for SPX???Has SP500 really bottomed? This could be inverse head and shoulders chart pattern if I'm seeing it right. :-) There are set ups, market sentiment has improved, FTD day - check, net highs and lows positive, some stock got clobbered during this correction, no one believes this is beginning of new bull market (me neither, but technicals point that we might just have bottomed). What are your thoughts?
2/1/23 - FCX Daily (Freeport)FCX is a good company if your a copper and chips follower. I want to post this to see if the H&S plays out over time..... If so Im a buyer.
QML pattern Quasimodo | SMART MONEY CONCEPTHello all. Today we will talk about the reversal pattern "Quasimodo" or QML. Schematically it looks like this:
The price moves in the trend, in POI the structure breaks and after that, the price can not update the previous HH and the downward movement continues (consider a schematic example).
In this example, after the breakdown of the structure, the price reverses to soften and remove internal liquidity, after which a reversal occurs. This is done in order to close a losing position at the expense of those who put their stop losses behind the maximum of the substructure.
There are many names for this pattern, such as three tap setup, but I'm more accustomed to calling it quasimodo. If you like, it's a reworked version of the "head and shoulders" pattern, but in this case you're focusing on the price action instead of the picture.
Criteria for QML formation
1. Use it in HTF POI
2. Watch HTF POI
3.Watch the price action.
4. Premium or Discount zone
To use the pattern effectively, you must analyze the chart of all TFs. And use the pattern as an entry model. For example, the daily TF is bearish. The price is in the premium zone, as well as on the H1 TF began an uptrend, a full of bullish trend in the lower TF, after which we see that the substructure (red) has changed from a rising to a descending. And thus, we expect a continuation of the downtrend.
Important
Don't use this pattern in terms of "drawing". They can draw anything on the chart. I recommend to look for POI in POI of higher TFs.
An additional factor could be substructure fluctuations before FWG or OB. You need to see how the price behaves after their update.
Where to put a stop loss
The first option is a stop-loss for a local FVG/OB
The second - above swing high of substrucutre
Third - above the HTF point of interest, if your RR allows it
EXAMPLE
After updating the all-time high, the daily structure was broken. Then price consolidated, it was worth waiting for the manipulation. It was possible to enter from HTF POI - aggressive entry, but it was possible to wait for confirmation on the LTF (as I do).
I'm expect bullish OF on 4H chart to HTF POI (2D ob)
This "entry into position" is shown as an example, so that you can form an understanding of how to act in this or that situation. In conclusion, the more factors you take into account in your analysis, the higher the probability of working out of the pattern. Also, it's up to you to choose what kind of stop loss you will use. There is no right and wrong, everything depends on your strategy and money management.
The position was opened after the second liquidity raid in the premium market. I hope it was helpful to you. Thank you for your attention
Potential Head & Shoulders in play on BTC so watch out Potential Head & Shoulders in play on BTC so watch out
We could be looking at dropping down to $21k this week with a head & shoulders forming. IT would make about sense with that heading back to the CME gap along with an unfilled weekly pivot.
Russel 2000 Head and Shoulders in playAfter another head and shoulder that broke to the downside, we find a similar pattern playing out. As the RSI is pointing down whilst there is a downtrend in play, we are looking for the head and shoulders to be completed and break down.
The next target corresponds with the previous supports of dec. 2018 and aug. 2017.
Head and shoulder pattern 11-1-2023,
Head and shoulder pattern seen in kotak bank
In 1D timeframe
This analysis might not be perfect, nor we are sebi registered
This is our own opinion
Do not take any trades by just seeking this, take it on your own risks
ETH could have bottomed at $1000ETH hit Head and Shoulders target at $1000 on June 22, 2022. Simultaneously, it bottomed out on the RSI and touched high of 2017.
The chart is aligning to show a major bottom here.
All that is left is to break out of the major and minor wedge patterns that are aligned as well!
Do you agree?
AMD breakdown of Head and Shoulders pattern - Target $37AMB breaks down head and shoulders pattern. Target = $37 in February 2023. Also consistent with down sloping support in parallel channel and March 2020 lows !!!
Please enlighten me if you think I'm wrong on this.
As said in previous analysis. Nifty formed an H&S as warned to stay alert in the previous analysis. Right now it has a support at around 17900 and a quick upmove is expected.
For now, stay in cash before any indications of upmove.
POLKA DOT MASSIVE HEAD AND SHOULDER !!CRYPTOCAP:DOT
after getting rejection from 10B marketcap polka dot seems to be forming an Head and shoulder pattern on 12 hour timeframe could be seen on other lower timeframe as well.
the point I am trying to make here is next month is September. which is not really good for for crypto statistically speaking. (though anything could happen)
I am looking to buy polka dot under $6 which is really great opportunity for long run. we could see polka dot close to $3-$4 in lowest time of the market. which is still a healthy correction for next run.
we are not going to make new All time high up until next year I think.
i am now waiting for neckline to break and i will put a massive $1 MILLION worth of trade :)
Happy trading
XRP Possible bottom @ .33 CentsXRP it’s possible that bottom is in… I’m looking at an Inverse Head & Shoulders Pattern forming on the 15 min chart. May reach us back above the 200MA.
Head and Shoulders A textbook Head and shoulder pattern on the four-hour chart. Wait for confirmation or retest of resistance.
Head and shoulders patterns in wticrudrHead and shoulders patterns forming if break neckline then sell crude oil
NFLX to reach 180 by the end of SeptemberNetflix (NFLX) has been forming an ascending broadening triangle since May and fully established a support level between 162.71 and 169.70 from the middle of May to the middle of July. Then the price reached a resistance level of about 250 in the middle of August.
In my opinion, NFLX is nearing the end of a 2+ week consolidation period and has formed a bearish head & shoulders pattern. In addition, the new descending trend line and 3 bearish key reversals suggest that the price will move lower approaching the support level of 174 by September 30, give or take a few days.
See my recent analysis of GOOGL to see how I marked support and resistance levels and observed key reversals to make a very accurate prediction (or maybe I was lucky).
Disclaimer: I am not a financial advisor, and the above statements are not investment advice. My comments are only intended for educational purposes. You are solely responsible for your own trading decisions.
TSLA Potential H&SStay tuned for a big potential drop to 50-75 USD
In my humble opinion sales will drop hard next two quarters.
NEAR 1D Classic head and shoulder shoulder training. Now what is happening is an inverse movement symmetry where the first top of 3.0792 has already been reached and goes to the top of 4.418 as indicated in the chart.
Spectacular NEAR both for trading due to its high daily trading volume and good for HOLD due to its fundamentals and development.
Global macroeconomic and geopolitical situations justify this drop of 77.45% since its ATH. NEAR recently partnered with Google cloud.
Follow the link.
near.org
Support and resistance on the 1H chart
SUPPORTS: 2.974 / 2.956 / 2.803
RESISTANCES: 3,0083,094 / 3,180
EUR/NZD INVERTED H&S TREND CONTINUATION Eur/Nzd appears to be making an inverted head and shoulders at key S/R level. I will aggressively go long on the right shoulder. We'll see if I'm right!
Inverse Reversal?With the intraday bounce at 3870, $ES is setting up a potential inverse head & shoulders pattern.
Trigger is clearance of neckline resistance at 3920-30, and the target zone is 3980-4030.
Any crossing below 3845 invalidates this pattern.
GBPUSD - Long term Price Crash - H&SChart show's the Head and Shoulder pattern and the long term target.
