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Head_and_shoulder

🔥 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
🐻📉 GBPJPY Alert! Head and Shoulders Pattern(ultra bearish)📉🐻🚨 Brace yourselves for a trend reversal! The GBPJPY forex pair is showing a compelling bearish setup with the formation of a head and shoulders pattern. This classic yet highly reliable pattern has a proven track record of success. Technically, the head and shoulders pattern materializes as the price forms a lower high and breaks through the initial support level, transforming it into a formidable resistance. This signifies a shift in the market sentiment and sets the stage for a potential downtrend. Excitingly, we are now witnessing a crucial development in this setup. The neckline of the pattern has been broken, followed by a successful retest. This presents us with an excellent opportunity to join the ongoing bearish momentum and capitalize on the potential downward move. Our target for this bearish trade will be around 180, aligning with the expected continuation of the downtrend. Stay ahead of the game and make the most of this bearish breakout on GBPJPY! 📉💪 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 🚀
Short
by Thomas_Zito
15
GEOV a penny stock in the rising EV SectorAs shown on the 1H chart, GOEV printed a head and shoulder pattern June 16 to 19 and then trended down consistent with that pattern. The trend was supported by the 2nd VWAP line under the mean in a VWAP anchored at the beginning of the descent. H & S. The volume volume profile shows that trading volume is distributed widely across a big range of prices showing high volatility. Price has trended through a round bottom reversal. I see the likely scenario as price crossing the mean VWAP and ascending toward the horizontal resistance of the neckline of the H & S. I will take this long trade with a potential upside of nearly 50 % (0.47 to target of 0.69). As an aside, the EV sector is general is on the heat map. I have uploaded ideas on FSR NKLA WKHS and PLUG (LCID NIO and TSLA are of interest.)
GLong
by AwesomeAvani
GOLD H&SH FormationGlobal gold OANDA:XAUUSD has formed a bottom head and shoulder pattern in the one-hour time frame, and according to the increase in the moving averages, the probability of an increase is high and on the condition that a one-hour close candle above the resistance range of 1931-1935 is registered, the rate can In an upward rally, the height of the head pattern will rise to the 113% Fibo resistance at $1977. in the meantime, the 78.6% Fibo resistance will be seen at 1952.
OANDA:XAUUSDLong
by Daragolbon
🔥 HBAR Multi Year Head & Shoulders: Waiting For The BearsHBAR seems to have formed a bearish Head & Shoulders pattern over the last couple of years. There's no confirmation of the pattern yet, so wait for that before drawing any conclusions. HBAR is arguably one of the weaker alts at the moment, so wouldn't be surprised if it breaks bearish at some point in the future; patience is key. In case of a bearish break out, I'd be looking at the yellow areas for potential targets. Will come back to this trade once we see more bearish price action.
Short
by FieryTrading
4
DXY strength ahead?Fundamentals: The US #10year #yield is aiming for 4% whilst the US 2 year yield is aiming its previous hight. This is most probably on the back of higher sticky inflation which will require higher rates from the FED. This development is positive for the relative strenth of the #dollar in the #dxy Technicals: On a weekly graph, the DXY (inspite of a short spike) has traded inside a falling wedge. We are now trading at the top of the falling wedge. Within the falling wedge, we currently have a right shoulder as part of an inverse head & shoulders pattern. Potential Upside: If we see both the falling wedge and inverse head & shoulders breaking to the top, the wedge's projected move is marked in yellow and the inverse head & shoulders projected moves are marked in white.
TVC:DXY
by chsmit