NZDCAD - Reversal The Pair is forming a H&S Pattern with a bearish divergence.
Entry is placed at neckline of H&S as a safe entry.
Sentiments also indicate a 95% short.
Head_and_shoulder
LCX could fall hard (Look at charts, not the hype!)The LCX token experienced immense hype over the past month, and in the last two weeks, nearly every content creator and influencer on the web discussed its potential for a 10x-20x increase or more.
However, despite the buzz, the chart doesn't reflect the same enthusiasm. The price struggled to surpass the 0.03 mark, and rallies were consistently met with selling pressure.
Furthermore, upon examining the 4-hour chart, it's evident that the token broke below the neckline of a Head and Shoulders (H&S) pattern. Considering these factors, it's possible that the token could decline to 0.02, which represents an old support level. If there's a correction across the cryptocurrency market, the target for the H&S pattern could extend even lower, potentially to
MED/KRW, MED/BTC Inv H&S
TP#1 37.10
TP#2 110-130
Oct. 15 2023
Feb, 09 2024
The Power of Volume This Parttern Inv H&S
NIO READY TO LONG.NIO formed the head and shoulders on dayly chart, the exit from this patren forms a cup
Time to buy a call option.
Good positional setup formed in Bank nifty BANK NIFTY
Head And Shoulder Pattern
good opportunity for positional trade
Low Risk High Reward
Inverse H&S 15M time frame It looks like on 15M tf ideally formed Inverse H&S to jump back at 52-53K levels and then back in parabolic trend on 1D time frame to challenge 55-56K
GMT after forming inverse Head & Shoulders is going upGMT after forming inverse Head & Shoulders is going up.
🔵Entry Zone 0.2712 - 0.2618
🔴SL 0.2479
🟢TP1 0.2924
🟢TP2 0.3289
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US100Is US100 exhausting at resistance zone?
As the price is been on high bull run but now it seems like price is lacking bullish momentum after printing head and shoulder pattern at resistance level and bearish divergence( on lower time frame) suggesting the sell pressure is about to start.
If the bears took control , the 1st target could be 17370.
What you guys think of it?
AUDUSD - Head and Shoulders 📉Hello Traders !
On The Daily Time Frame, The AUDUSD Reached a Strong Resistance Level.
The Price Formed a Head and Shoulders Pattern.
Currently, The Neckline is Broken !
So, I Expect a Bearish Move📉
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TARGET: 0.63700🎯
AUDUSD - Bearish Head and Shoulders 📉
As We Talked in The Previous Analysis:
The Price Formed a Head and Shoulders Pattern.
The Neckline is Broken !
Currently: The Price Pull Back to Important Structure.
and it Will Continue its Bearish Movement.
TARGET: 0.63700🎯
BTC's situation+next targets and expected movements.Hi.
BTC has created an Inverse head and shoulder pattern which means a great bullish trend is on the Horizon. If the price follows this pattern's expected movement,we shall see it reach 46k pretty soon or at least in short term duration. The expected movement is as much as the measured price movement ( AB=CD ) . We might even see a correction one more time before ascending further. keep in mind that the next big resistance for BTC will be around 47k .
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✅ Thank you, and for more ideas, hit ❤️ Like ❤️ and 🌟 Follow 🌟!
⚠️ Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
NIO - more downside soon? Target 5.50I am following NIO with one eye, now switching to two eye. Even though NIO could have a bright future for the long run (years), I see more downside incoming.
The formed head and shoulder within the symmetrical triangle broke to the downside (breaking also the triangle), and as expected retested the HOS neckline (and the triangle). As expected, it got rejected, also bumping into the 200 SMA (4hr)with a huge rejection, confirming it is still in a strong bear-trend now. We are also way below on the 200day SMA, and also the 200week SMA.
On the weekly, we are loosing momentum, but some upside is expected on the short-term.
I assume (but price actions will tell), this short term uptrend will help to finish the smaller formation on the new Head and Shoulders, which I highlighted with paintbrush in white.
Currently, we are in the consolidation zone, chances are, we are going up a bit to create the top of the right sholder with the target of 9.40-9.60, then going back down to the consolidation zone.
Also, there is a possibility we have a very shallow right shoulder almost formed already, going down directly, I will wait for confirmation.
We are also below the 9day&15 day MA, and also below the 21day EMA. All theese will possibly be huge resistance.
Very short-term : uptrend target - ~9.40
Short-term: downtrend target: ~8.80
Low Mid-term: downtrend target: ~8.00-7.70
High Mid-term: downtrend target: ~7.10
Long-term: downtrend target: ~5.50
🔥 PEPE Time For The Perfect Entry: Inverse Head & ShouldersI've been looking at this inverse head & shoulders pattern for a couple of weeks now. Now that PEPE has reached the bottom purple support area, it might be the perfect time for a long-term entry.
Ideally, we wait for the price to confirm the pattern and break through the neck-line first. However, an entry from around the purple support has a higher risk-reward ratio.
New lows for Aussie Dollar Futures Coming? CME Australian dollar futures have pulled back to the neckline of the recent head and shoulders pattern, which presents bears with a formidable selling opportunity. Recent strength in the USD has certainly been a boon to Australian dollar futures, and with the influx of encouraging economic data in the U.S.over the past few weeks, it appears likely that strength will persist. Moreover, greater confidence in the breakdown of Aussie dollar futures can be drawn with the increased selling pressure on the break through the neckline on the right shoulder. Over the course of the next few weeks, it is likely that the neckline will begin to act as resistance if prices indeed accelerate lower.
Check out CME Group real-time data plans available on TradingView here: www.tradingview.com
Disclaimers:
CME Real-time Market Data help identify trading set-ups and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com
*Trade ideas cited above are for illustration only, as an integral part of a case study to demonstrate the fundamental concepts in risk management under the market scenarios being discussed. They shall not be construed as investment recommendations or advice. Nor are they used to promote any specific products, or services.
Futures trading involves substantial risk of loss and may not be suitable for all investors. Trading advice is based on information taken from trade and statistical services and other sources Blue Line Futures, LLC believes are reliable. We do not guarantee that such information is accurate or complete and it should not be relied upon as such. Trading advice reflects our good faith judgment at a specific time and is subject to change without notice. There is no guarantee that the advice we give will result in profitable trades. All trading decisions will be made by the account holder. Past performance is not necessarily indicative of future results.
USOIL - Head and Shoulders 📉Hello Traders !
On Sunday 28 Jan, The USOIL Reached a Strong Resistance Level (78.64 - 79.72).
The Price Formed a Head and Shoulders Pattern.
Currently, The Neckline is Broken !
So, I Expect a Bearish Move📉
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TARGET: 72.70🎯
ACGL Showing bearish divergence, and possible head & shoulders.ACGL - Arch Capital Group is showing a slight bearish divergence on the weekly chart, and what could potentially be a bearish head & shoulder's pattern.
I bought the March 15 Puts at $0.75 cents expiring March 15th 2024.
Good luck!
MARUTI !! Broke Head and Shoulder Pattern and re-test doneMARUTI !! Broke Head and Shoulder Pattern and re-test done. size of cup can be next target
TSLA forming a reversed H&S or a triangleTesla is still into a complex correction but among all the possibilities coming forward, the 2 that stand apart right now:
The 1st one is the potential reversed Head & Shoulders (where the current level around $190 would be a great entry point) with a target in the $500 area or the large triangle with a target in the $565 area.
The 2nd one is the large triangle with the base starting since 2020, giving a support in the $150 area and a target of around $565.
In both cases, a break above the line linking the highs (the top of the triangle) would validate that the bullish phase has started.
It is the same idea as the one published last October.
ChainLink(LINK): Broke The Neckline !!!After monitoring this one for very long, we are finally seeing some breakdown attempts near the neckline zone. As we broke that zone, we also went for a re-test, which is currently showing bad signs. But we are not rushing and we are getting ready for a potential position here, which means that if daily candle closes again below neckline zone, this would indicate to a potential overweight of bears (which is also a good start for a downward movement)
Swallow Team
Polkadot(DOT): Head&Shoulders Pattern = Good Sell Opportunity? DOT coin is back on our spotlight with a great format forming here (head and shoulder pattern)
While we see good potential for this kind of movement, we still need to fully form that right shoulder, which can also be good for some short-term selling positions! But as always, our best entry relies on that neckline zone, which we are looking to break sooner this week!
Swallow Team
Matic with Head & Shoulder patern In the 4h chart it rebounded after broke down the neckline of the H&S pattern
But it broke down the triangle in the 4h and we can set the SL at (0.7379) to get better R/R
TP1: 0.6170
TP2: 0.5755
TP3: 0.5311
TP4: 0.4867
TP5: 0.3428
Head & Shoulder Pattern : FINNIFTYFINNIFTY after shooting up high from day's open was forming a H&S pattern and the down surge in price confirmed it. It demonstrated a classical text book example by creating higher highs & lower lows ultimately breaking down & giving a great shorting opportunity.
