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Head_and_shoulder

Until DXY beats this price, this is just a bear flag!Traders, The dollar continues its journey down. So, is my H&S pattern still intact? Well, on the weekly it is. Does that count? I think so. It's not like the dollar has turned the corner here and growing stronger. We are still very much in a downtrend. Even that right shoulder is still valid. And, like I said, on a weekly chart that neckline still holds. Once broken, the dollar is in trouble. What would invalidate my H&S pattern? Well, if the dollar beats that 50 day moving average and then proceeds to move up and above that 103.53 level with confirmation, I might be wrong and would have to re-evaluate at that point. Until this time, the DXY has formed a classic bear flag and I expect weakness to continue. The weaker the dollar, the more dollars it takes to buy a thing. The more dollars it takes to buy a thing, the higher the prices will go to reflect what is needed. This includes stocks. Stay tuned as we keep our eyes on this unfolding event. Stew
TVC:DXYShort
by stewdamus
🚀📈Gold Alert! Bullish Breakout from Head and Shoulders PatternGet ready for a potentially lucrative opportunity in Gold! The shiny metal has formed a compelling bullish setup with the emergence of a head and shoulders pattern. After our successful venture with GBPJPY, we now have another exciting prospect to capitalize on. The head and shoulders pattern has proven its reliability time and time again, and now it's making an appearance in the Gold market. This classic chart pattern indicates a significant shift in market sentiment and often leads to a powerful bullish breakout. With this setup, we have the perfect opportunity to take advantage of the bears getting trapped in their own game. By strategically placing a buy position, we can ride the upward momentum as Gold aims for new heights. Our initial take profit target is set at 1957, a key level where we expect a significant resistance to be tested. Beyond that, our ultimate target is 1975, as we anticipate a continued surge in price. 🎯🚀 Feel free to share your toughts in the comments section, follow me for updates and don't forget to press the like button if you think this insight was helpful !🚀
OANDA:XAUUSD
by Thomas_Zito
10
🔥 Bitcoin vs Money Supply: Massive Move On The Horizon?M1 Money Supply (M1SL): "M1 is the money supply that is composed of currency, demand deposits, other liquid deposits—which includes savings deposits. M1 includes the most liquid portions of the money supply because it contains currency and assets that either are or can be quickly converted to cash." - Investopedia The M1SL amount is important since it tracks the amount of money in an economy that is able to be deployed quickly into the economy. If people have more to spend, they will generally spend more as a result of this. When we take a look at the $ value of BTC divided by M1SL, the chart has been trading relatively flat since December of 2017. This means that Bitcoin has not gained substantially against the central banks' money printers. On the other hand, it appears that BTC/M1 has been forming an inverse Head & Shoulders pattern over the last 5.5 years. Assuming this pattern will play out, BTC will continue to gain against M1 and break out of this 5.5 year consolidation pattern. Assuming that M1 will continue to increase (like it always does), this would mean that BTC will see another 2016-2017 scenario in the future where it will see exponential returns and potentially even do a 100x over the next few years. This scenario is not the most likely scenario to play out, but it's definitely an interesting one. Hope to hear your thoughts in the comments 🙏
BITSTAMP:BTCUSDLong
by FieryTrading
21
🔥 SOL Weekly Inverse Head & Shoulders Break Out: Path To $200SOL has seen some incredible gains recently, gaining 100% in 4 green weeks. My most recent SOL signal was a great success, congratulations if you took the trade. In this analysis we're going to zoom out and take a long-term look. As seen on the chart, SOL has broken out of a bullish inverse head & shoulders pattern. In my eyes, this could very well be the start of a new bullish phase where SOL will shine. I'm looking at a long-term target of 200$, stop just below 20$. This gives us an amazing long-term trade with great risk to reward. Consider taking some money off the table around 100$ or so.
Long
by FieryTrading
8
Bye Bye U.S. Dollar. I would cry, but we have BTC now!Traders, Drop it like it's hot! The U.S. dollar ain't waistin' no more time up here. Pending confirmation on the daily, the Head and Shoulders pattern will be in play. As long as the VIX stays low, stocks should follow the blow-off top price action that I have been preaching about for over a year now. If you'd like to know when the dollar reaches it's target down and stocks reach their peak stay tuned here over the next several months and we'll attempt to chart this all out together! Best, Stew
TVC:DXYShort
by stewdamus