Head_and_shoulder
🔥 PEPE Inverse Head & Shoulders: Update!At the start of the month I made an analysis on PEPE where I discussed the inverse head & shoulders pattern that has formed. Risk-seeking traders could've made a killer-entry around the purple area for a decent +300%.
I think there's still more to this move. I'm looking at a 440 target for the next 1-2 weeks. Ideally paired with a neutral/bullish Bitcoin.
Be aware that the 440 all-time high area poses a risk to bulls, as it's a very strong resistance.
Head and Shoulders Tutorial on Crude Oil ChartI have decided to start a short series of tutorials covering common instruments used in technical analysis.
In today's tutorial, we observe a successfully identified head and shoulders pattern on the 4-hour chart of Crude Oil, resulting in a substantial movement of around 17%.
Here's how to find the instrument: navigate to the left sidebar and select 'Patterns,' where you will find 'Head and Shoulders.'
Analyzing and trading correctly involve the following steps:
1) Both shoulders must form within a rising or falling trend. In the case of that Oil chart, we observe a rising trend, indicating a potential short position.
2) The size of the head becomes our target for take profit (TP), and upon reaching TP, we close 80% of the position.
3) Ideally, volumes at the right shoulder should decrease, and upon breaking, they should increase.
Risk Management Strategy:
1) Limit each trade to no more than 2% of your deposit.
2) Always utilize stop-loss and take-profit orders.
3) Never trade money you are not prepared to lose.
4) Start with small budgets.
It is crucial to emphasize that risk management must be adhered to whenever you engage in trading!
Register and trade stocks and crypto using my link with a discount on commissions: bingx.com/invite/E6RCUFJT
#DXY possible bullish reverse head and shoulder patternI believe this bearish move, which we are observing in the 1-hour timeframe market structure, is a bearish corrective move. Consequently, there is a possibility of a bullish continuation move in the Dollar.
Upon closer inspection, we can see the formation of a reverse head and shoulder pattern , which is an intrinsically reversal pattern and signals a potential bullish move.
If the price manages to break above this bullish pattern and a short-term bearish trendline, we could assume that our higher timeframe bullish move would possibly continue.
If you've found this analysis helpful, please take a moment to like, comment, or share your thoughts with me.
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
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
Risk Warning
Trading Forex, CFDs, Crypto, Futures, and Stocks involve a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results.
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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?