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Head_and_shoulder

#OIL potential reverse Head and Shoulder formationHello dear traders. Let's take a look at the oil chart for today and identify the potential Reverse Head and Shoulders chart pattern formation. As the price reacts to the bearish 4-hour timeframe channel , it seems to be forming a Reverse H&S pattern, which could potentially result in a bullish outcome for the price in the coming days. We observe good synchronicity between the two shoulders around the head, with approximately the same amount of time taken to form the pattern. Additionally, the price has established a well-defined neckline, which, in the case of an upside breakout, can act as support thereafter. As you may know, the H&S chart pattern is considered complete once there is a valid penetration of the neckline ; until then, the pattern is considered tentative. If you've found this analysis helpful, please take a moment to like, comment, or share your thoughts with me.
CAPITALCOM:OIL_CRUDELong
by mohemati
13
Gold inverse head and shoulder monthly chartInverse head and shoulder pattern playing out on the monthly gold chart. Remember this is a monthly chart and it takes time to play out. Last time it happens gold rallied allot. If the upper support breaks we can expect a target of 2500. Miners are really undervalued and are leveraged for enormous cash flow and profit if gold price rice. The difference this time is that the world is buying gold and not dollars to have reserves, rather then US treasuries. That combined with lower or stable inflation and lower or stable energy prices, then gold miners have a perfect lottery for positive balance sheets. My favorite Gold/Copper stock that is extremely undervalued and where BHP took a massive stake recently because of ongoing drill success is Brixton Metals Corp, symbol: BBB trades on Canadian exchange. Disclaimer, i own stock with shares.
COMEX:GC1!Long
by TradingIsNotGambling
RNDR/USDT - Possible Head & Shoulder Pattern? We've spotted what appears to be a head and shoulders pattern forming, which is generally considered a bearish signal. The right shoulder is currently in formation, and we're closely watching this neckline. If the price breaks down through this neckline convincingly, it could confirm the pattern, suggesting a potential drop towards the major target zone highlighted in yellow. It's key for us to observe the price behavior near this neckline. A bounce from here might delay the bearish forecast, but if we're seeing consistent lower highs forming on the right shoulder, then it shows us some downward movement. We're looking for a solid closure below the neckline to consider any bearish positions seriously. But meanwhile, we shared a few possible setups that can happen on the RNDR coin in the next week or two. Swallow Team
RShort
by SwallowAcademy
The Bullish Case for Bitcoin! A Comprehensive Analysis!!!🌟The Bitcoin is in a Bullish phase by ⤵️⤵️ ➡️the price broken this channel, the price can grow well. ➡️falling wedge pattern it means that the price would increase and the price has already broken the pattern! ➡️the BTCUSD has finished It's first five waves of Elliot wave principle movement (12345 Impulse wave) . The possibility of starting a impulse 5th waves!!! ➡️also Broadening Wedge it is another bullish sign. ✅Next Targets are 47k and 68k 🍻This is Longterm Analysis!!! Previous Analysis: 🤑Stay awesome my friends. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⤵️⤵️⤵️⤵️⤵️⤵️⤵️⤵️⤵️⤵️⤵️⤵️⤵️⤵️⤵️⤵️⤵️⤵️⤵️⤵️⤵️⤵️⤵️
Long
by CobraVanguard
7
Retest of 1972 by Head and Shoulders Pattern?Gold has found support by the trend channel in 1933-1945 and rose sharply to 1988 on Wednesday. But today it faced heavy selling pressure at the 1993 key level and corrected to 1980. There is a high chance, that gold will revisit at least 1972 and a potential Head and Shoulders Pattern is already forming. You can trade the break of the neckline or a pullback towards 1986, if you see bearish signs at the red lines. Important resistance zone: 1986-1988 Take profit level: 1972 and 1967
CAPITALCOM:GOLDShort
by Kyrean
🚧Bitcoin is Bullish now🚧 & many Traders don't see it 👀!!!BTC had formed an inverse head and shoulders pattern. I said in the analysis a few months ago that the price followed this pattern and will soon reach 43,000 . The expected movement is measured as the price movement (AB=CD). Keep in mind that the next big resistance for BTC will be around 43k. previous Analysis _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ Thank you and for more ideas ❤️like❤️ and 🌟follow🌟!
Long
by CobraVanguard
4
USDCAD PRICE ACTION TRADING INV. HEAD ANS SHOULDERS Hello Traders, and welcome! Today, we have an exciting setup to discuss involving the USDCAD pair. On its daily chart, an inverse head and shoulders pattern has formed, and the price is currently trading above the neckline breakout at 1.36534. We are looking to initiate a trade above the neckline breakout at 1.36534. After a successful breakout, it's essential to monitor for a retest of the neckline. Once the retest confirms the strength of the breakout, consider entering a long trade above the stop level at 1.35106. For your target levels, you can consider the following: - 62%: 1.40677 - 79%: 1.41701 Stay tuned and informed as this trade progresses. If you find this idea appealing and helpful, please show your support with a like. Additionally, consider following me to stay updated and not miss out on more trading opportunities like this. Wishing you a fantastic weekend and successful trading ahead! TCPLTP
Long
by TradeChartPatternsLikeThePros
1