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Head_and_shoulder

MATIC HEAD AND SHOULDERS PATTERN MACRO OUTLOOK TARGET 1.50-1.70Exposing the Elliot Wave count and Head and Shoulders Pattern in MATIC/USDT chart. We can clearly see a resistance level recently broken and bactested. These are strengh signs and should push MATIC towards the 1.50-1.70 area level quite fast in the upcoming weeks. Projection: Between January up to early mid February to reach the target. Long Position open at 0,9660. Riding the wave up to 1.50. SWING TRADE or low leverage position.
MLong
by xReve
4
Chainlink (LINK): Potential Huge Drop To Come ?The LINK/USDT chart presents an intriguing setup with two potential bearish reversal patterns emerging—a head and shoulders and a double top. While these patterns are still forming and not yet confirmed, the similarity in their bearish implications cannot be ignored. Our major target is going to be here in that significant fair value gap (FVG) zone. The key area to watch is the neckline zone of the Double Top pattern, which, if breached, could indicate the start of a descent towards the lower green FVG zone.
Short
by SwallowAcademy
9
$COIN - Overbought but ride has just started. Going to try to keep my thoughts simple. With alot of momentum growing in the crypto world it makes perfect sense to see NASDAQ:COIN get its latest pump, especially with BTC hitting 40k+. It is with no question that NASDAQ:COIN is in a overbought scenario as the RSI shows us. We closed today with a spike of above average red volume, leading to an indecision range day after a $10+ overnight gap. Long term, i see NASDAQ:COIN hitting $200 easily. (Inverted H/S, Break of neckline) Are the confirmations that show us our bias. Short term, due to the gap up and clear overbought scenario on the daily.. i want to see a pullback to the 9 daily ema. I dont predict the pull back to be extreme.. buyers are relentless and any significant dip can be expected to be bought. Use proper risk management and enjoy the ride to $200 going into 2024. Cheers.
NASDAQ:COINLong
by ThornhillHQ
1
TSLA: Pay Close Attention to These Chart Patterns (D & W charts)Today we see an important move in TSLA's share price, a break of the resistance level of its previous top at $252.75. Now, after the breakout, we see that this area is serving as intraday support, which is in line with the principle of polarity (former supports can become future resistances and vice versa). Since our last analysis last week, we see that the price has broken through its most important resistances, which we mentioned in our previous analysis, and is committed to a clear uptrend. The link to the latest study is below this post, as always. What’s more, after our analysis, TSLA performed a clear “Hammer” candlestick pattern above its support line, as evidenced on the chart above. According to Bulkowski’s studies, a Hammer acts as a bullish reversal roughly 60% of the time (Encyclopedia of Candlestick Charts, chapter 40: Hammer, p. 348). What's even more interesting is that the price has thwarted a possible reversal pattern called Head and Shoulders, as we can see in detail in the chart below. By not triggering the neckline by closing a candle below $230, and reacting to the point of breaking through the top of the head, TSLA has completely rejected any bearish thesis. Another important point that reinforces the bullish sentiment is the breaking of an important resistance on the weekly chart, breaking a bearish channel, frustrating the price's downward sequence and triggering a bullish reversal for the long term. As we see in the image below, such a pattern could be interpreted as a Bullish Flag as well. Now, TSLA shares could reverse the long-term trend and finally turn bullish. Could it follow the example of the Nasdaq index, which made a similar pattern recently, also on the weekly chart? QQQ chart: It's a plausible move with a good technical basis, but as always, we need to be aware of a few risk points. Firstly, if the price loses a lot of strength, to the point of making a bearish pattern on the weekly, closing below the resistance of the bearish channel, the bullish thesis loses strength. Secondly, if a reversal pattern is observed on the daily, and the price loses its supports, we have a rejection of the uptrend in the medium term. Especially if the 21 EMA is lost. Although the price has breached the average a few times, at no time since November 10 have we seen a close below the 21 EMA on the daily chart. If this happens, the bullish thesis described in the analysis could be thwarted. I'll keep you updated, so if you like the content, please support me, and follow me to receive more analysis like this, with technically grounded ideas. Best regards, Nathan.
NASDAQ:TSLA
by Nathan_The_Finance_Hydra
7
FFH is going to bounce like a basketball! H&S pattern too!It appears as though FFH is showing two alternatives, an H&S breaking down, or, sideways trading in a horizontal channel, with a breakout likely happening early 2024. A horizontal channel is a neutral chart pattern that marks investor indecision. Buyers and sellers fight, and it is only at the exit of the horizontal channel that they agree on a direction; either there are more buyers than sellers or there are more sellers than buyers; hence the strong force of the movement at the horizontal channel’s exit. This train has left the station.
TSX:FFH
by satoshi123
1
GBPUSDAs a student in the financial markets, learning about the market is interesting and it's a long journey to begin with. GBPUSD having a accumulation, manipulation and now waiting for a distribution. Will GBPUSD make a move early next year along side with USA rate cuts? Let's see what year 2024 lead us to I don't post much as I'm not a signal provider nor a financial advisor. But one thing is that learning how the market behaviour, reactions and structure, it's simply interesting to me. If you have any thoughts on GBPUSD, let me know down the comment area, let's discuss about it. This will be my last post and trade of the year 2023 holding it till next year 2024. Wishing you guys out there trade safe and happy new 2024.
Long
by Student_of_Forex
2
EUR/CAD ↘️ Short Trade setup ↘️Hello Everyone 🙋🏽‍♂️ Head % Shoulders 💲 Entry Point : 1.45731 🟢 TP 1.43788 🔴 SL 1.46688 We are not responsible of any losses for anyone, our trades are profitable more for long terms and we take losses as everyone, manage your lot size as well and your SL and TP and my opinion is 0.01 lot for each 500 $. Don't forget to hit the like bottom and write a comment to support us. Follow us for more 🙋🏻‍♂️ Best Regard / EMA Trading . Disclaimer: ---------------- It's not a financial advise, As everyone we take losses sometime but for long term trading we are profitable traders, so manage your account well with SL and TP and your lot size to keep your account safe and stay in the market
Short
by EMA_Trading
1
🔥 PEPE Inverse Head & Shoulders: Bulls Be Ready!PEPE has been consolidating all week. The most likely outcome is that PEPE will simply continue to go up over the next few weeks, but I want to prepare in case it doesn't. In case that PEPE has topped (and BTC will go down), I'm looking at an inverse head & shoulders pattern to potentially play out over the next few months. My risky entry will be around the 82 level (June lows) with a target at 440. Patience is key on this trade. If PEPE will make a new high in the next few weeks this signal will be cancelled.
Long
by FieryTrading
🔥 Bitcoin Inverse Head & Shoulders Pattern: Bulls Taking Power In yesterday's analysis I argued that Bitcoin's bull-trend is far from over. The short-term trend is still in favor of the bulls, but only as long as the bottom support held. As of yesterday, BTC has successfully bounced from the bottom support and is currently underway of forming an inverse head & shoulders pattern. The pattern has not yet been confirmed, so please wait for a move above 42,150$ to confirm the break out. In case of a break out, I'm looking at the most recent local top as my primary target: 44,500$.
Long
by FieryTrading
3
🚀 MNT Skyrockets: From Head and Shoulders to Parabolic PUMP 🚀 In the thrilling realm of crypto, Moneta (MNT) has orchestrated a captivating comeback, executing a grand Head and Shoulders reversal pattern beneath its all-time low. Currently, the charts portray a mesmerizing ascent as MNT dances within an ascending channel, resembling the onset of a parabolic rise. Chart Analysis: Head and Shoulders Resurgence Leads to Parabolic Momentum Head and Shoulders Triumph: Moneta orchestrated a substantial Head and Shoulders pattern beneath its all-time low, signaling a powerful reversal in market sentiment. The completion of this pattern acted as a catalyst for a profound bullish upswing. Ascending Channel Dynamics: MNT is currently navigating within the confines of an ascending channel, reflecting a sustained bullish momentum. Ascending channels often precede parabolic movements, suggesting the potential for a robust upward surge. Anticipated Scenarios: Ascending to New Heights Parabolic Growth Anticipation: The presence of an ascending channel is indicative of an accelerated price movement. Traders and enthusiasts are eagerly awaiting whether Moneta is poised for a parabolic ascent, possibly reaching new heights. Strategic Approaches: Riding the Wave of Momentum Entry Strategies: Traders might consider strategic entry points based on the ascending channel dynamics. Given the potential for parabolic movement, early entry with proper risk management could be a key strategy. Monitoring Critical Levels: Critical levels within the ascending channel should be closely monitored for potential breakout or breakdown scenarios. Continuous assessment of MNT's price action is crucial to adapt to changing market conditions. Conclusion: Moneta's Resurgence into the Stratosphere Moneta's journey from a Head and Shoulders reversal to an ascending channel paints a compelling narrative of resilience and bullish enthusiasm. As MNT flirts with the prospect of a parabolic surge, traders and investors are on the edge of their seats, eagerly watching whether Moneta will carve its path to new heights. 🚀 Head and Shoulders Revival | 📈 Navigating the Ascending Channel | 🌌 Envisioning Parabolic Heights ❗See related ideas below❗ Share your insights on Moneta's exciting developments, and join the conversation on the potential for a parabolic rise in the near future. 💚🚀💚
Long
by Yaroslav_Krasko