Get started

Head_and_shoulder

BTC 0 or hero? 📈 Chart Analysis: falling wedge: Top tip wait for breakout and retest of the AVWAP before taking a long, however we did get an engulfing candle on the reaction from the 150ema so i have gone long already trying to front run patterns is not the best thing to do so be cautious if you are to do the same! We got the retest of the Head and Shoulders resistance in prep for the latest sec vs binance news which took us to out first target 150EMA: top tip play any SHORTS super carefully here as the reaction from the 150 was extremely bullish but know we could still see out lower avwap target currently at the 18k area 😉 additional info! Currently in a Stage 3: where we look for Bullish continuation patterns (falling wedge) and/or topping patterns Head and shoulders OBV still in a stage 1 and looking weak! 🔔 Risk Management: Adjust your position size based on your risk tolerance and use proper risk management strategies, such as trailing stop losses, to lock in profits as the price moves in your favor. ⚠️ Disclaimer: This analysis is for educational purposes only and should not be taken as financial advice. Always conduct your own research and consult with a financial advisor before making any trading decisions.
BITSTAMP:BTCUSD
by mammamia2
GBPUSD as Head and Shoulders Pattern Emerges 📢Pair Name: GBP/USD Time Frame: 1hrs Chart Direction: short Comment: 📊 Currently, a distinctive chart pattern known as a "head and shoulders" has emerged within a rising channel, indicating a potential shift in market dynamics. 💱 Upon closer examination, I perceive the head of this formation to be a mere retracement, hovering around the 1.2450 mark, within the borders of the rising trend line. Consequently, I anticipate a continuation of the downward trend. 📈 Once the rising trend line (represented by the blue tunnel) is breached, it's highly likely that we will witness a significant drop towards the 1.2200 level. At this point, we encounter a support level, which could prompt the market to pause and contemplate its next move. ------------------------------------------------------------------------------------------------------------------------------------------------ Remember, this contribution serves as an informative analysis and should not be construed as financial advice. Stay informed, stay connected, and happy investing! 🌟📈 ------------------------------------------------------------------------------------------------------------------------------------------------ 💼💰❤️ Trade like a pro, laugh all the way to the bank! Like and subscribe for more money-making !" 💼💰❤️
Short
by michaelmolek
Renegen lower ?So much hipe in this stock during 2022, and for good reason with its helium and natural gas story. However, this is a high risk stock as it is still in its baby shoes. Technical sentiment indicates that we might see #Renegen price even lower. The downtrend in #Renegen share price is now trading on the right shoulder neckline of the head & shoulders pattern it has formed, with a potential price target of R10.90. Tailwind for even lower prices is the broad negative sentiment in the markets due to macros and SA specific issues such as loadshedding.
JSE:REN
by chsmit
2
Oil Higher from here?On Sunday OPEC+ announced: The 3.6mil bpd production cuts, will extend into 2024. Saudi's will cut an additional 1mil bpd from July 2023. The #oil #price opened higher on Sunday evening futures open. It now looks like we have an inverse head & shoulders on the price of oil, taking the price into the mid and upper $70s. This may pave the way for oil being in the $80s sonner than later. This will place pressure on the Fed as it will lead to even more inflation. Headwinds however is still the lomming recession in US, EU as well as the weaker Chinese markets.
NYMEX:CL1!
by chsmit
Bitcoin Head & Shoulders Still in Play!CME:BTC1! CRYPTOCAP:BTC is still in the head and shoulders. My original idea was posted on this link: tinyurl.com and can be referred to. Price Action is printing a downward channel providing ideas for a possible retest at the 25.2k zone. But the price action stays in the pattern until break of structure. Plan A: Short to 24k and possibly 21k ... (you could possibly get higher entries if the price is going sideways). Plan B: Long on successful retest with first target to 31k and on successful SR Flip to 45/48k!! Step by step - let the price come to you at an area of value and enter on trigger. Always having Plan A and Plan B scenarios so we can react once the markets provide an opportunity to execute our edge. If you liked this idea or if you have your own opinion about it, write in the comments. The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations.
CME:BTC1!Short
by imr4nkh8n
Black swan event or pump? $BTC update!📈 Chart Analysis: Potential falling wedge: Top tip wait for breakout and retest of the AVWAP before taking a long Are we retesting the Head and Shoulders resistance in prep for a "Black Swan" event that will take us to our low target?: top tip for an early SHORT position you could take the short now and place a stop above the highest high of this retest OR on the falling wedge break out area ;) additional info! Currently in a Stage 3: where we look for Bullish continuation patterns (falling wedge) and/or topping patterns Head and shoulders OBV still in a stage 1 and looking weak! 🔔 Risk Management: Adjust your position size based on your risk tolerance and use proper risk management strategies, such as trailing stop losses, to lock in profits as the price moves in your favor. ⚠️ Disclaimer: This analysis is for educational purposes only and should not be taken as financial advice. Always conduct your own research and consult with a financial advisor before making any trading decisions.
BITSTAMP:BTCUSD
by mammamia2
AUDCHF - NEW BEARISH MOVE📉Hello Traders👋🏻 The AUDCHF Price Reached a Resistance Level and Resistance Line (Resistance Cluster) ✔ The Price Failed To Create New Higher High📈 Currently, AUDCHF Formed a Head and Shoulders Pattern ✔ The Neckline is Broken 🔥 If Price Stays Under The Key Zone, AUDCHF Can Continue The Bearish Move 📉 ----- TARGET 1: 0.59582🎯 TARGET 2: 0.59020🎯 ___________ if you agreed with this IDEA, please leave a LIKE, SUBSCRIBE or COMMENT!
Short
by Hsan_BenAhmed
6
NVDA - Setting up for all time high?I was pointed to this inverted head and shoulders last night and it's almost too perfect. You can look at the structure and the neckline (slightly declining) and it's perfect. Well, we just kinda broke out yesterday. Chances are you can get a better entry from here if this is what you want to play. It may (and probably will) chop back under this important trendline. Your stop loss really is around $143 but the target is going to be around $336. Good upside potential if you can wait a while. This formation has been in the making since April 2022. 9 months of chop and now we might get that move up. The wave master pro indicator is currently showing signs of exhaustion so you may want to wait for some pullback to get a good entry. Will need patience on this one.
NASDAQ:NVDALong
by bitdoctor
21
Bitcoin ($BTC): Chart Patterns in Mid Term...Hi everyone! The Daily Chart should speak clearly, so we have two potentially interesting patterns that we could follow in the coming weeks. From a technical point of view, we are talking about a "Head & Shoulders" and an "Inverted Head & Shoulders" . The levels shown on chart are approximate, what I am interested in sharing with you is the potential swing that Bitcoin should form in the Mid Term (Log Scale). Trade with care! 👍 ...and if you think that my analysis is useful, please..."Like, Share and Comment" ...thank you! 💖 Cheers! N.B.: Updates will follow below
by TheAnonymousBanker
6
CHEMFAB ALKALIS - BREAKOUT HELLO FRIENDS, Here I am sharing CHEMFAB ALKALIS which recently have given breakout of Flag and Pole chart pattern and also forming Head and Shoulder pattern it has given breakout of flag n pole pattern with intensity of volume and the indicator that supports to take trade which are MACD and RSI are also in favor. Flag N Pole breakout The price is also trading above the significant EMAs i.e. 50-100-200 Macd in Daily time frame Macd in Weekly time frame RSI at the breakout candle is positive uptick and is also above 60 which shows strenght Disclaimer I am not SEBI registered analyst. All my studies are for educational purposes. I am not Responsible for any kind of your profits and losses.
NSE:CHEMFABLong
by KARANN_DINGRA
Trade Setup for 19 May 2023This will be my pre-market analysis of nifty for 19-may-2023: Today bears took hold of price and moved price down to 18120 level. On 15 min and 45 min chart from price action we can see Head & Shoulders pattern and if this pattern succeed then it nifty may fall to 18000 level. My view is bearish but patterns can fail so will trade according to price action on tomorrow. Following will be my trade setup. With Head & Shoulder pattern there descending triangle pattern on 15 min TF 1. If market opens flat and break the triangle on upside after retest of descending trend line i will look for buying opportunity for the targets of 18200, 18250 and 18270. 2. if market gap down then will look for nearby support from levels 18100 or 18000 . 3. if market opens gap up i will look for rejections as nifty have lot of hurdles on upside and it's still sell on rise. This will be my setup for tomorrow. This is not an advice of any kind. Always follow your own setups and learn from mistakes. I started publishing these setups as my lack many things like keeping trading journal and i hope with this i can get better.
NSE:NIFTYShort
by TradeInsights
$INSP near completing head & shoulder patternInspire Medical Systems develops innovative and minimally invasive solutions for patients with obstructive sleep apnea. Ranks #10 in the IBD Group Medical-Products Group with a Relative Strength IBD Rating of 93. This is a what leader looks like. Today is forming a daily shark patter with a pivot buy at $278.10. The follow through would be a breakout above $283, which would confirm the head & shhoulders pattern. I like these odds, I will buy those breakouts if volume is behind the moves. The RSI hasn't touch the oversold zone and has showed 3 bullish divergence within this long base. Let's waitn for the breakout!
NYSE:INSPLong
by dpuleo19
GOLD ---> a continue h&s patternhello guys! I'd like to bring your attention to the current situation in the gold market. Gold is currently forming a head and shoulders pattern, but it is important to note that this pattern is indicating a downward movement and a bearish trend specifically within the 15-minute time frame. Considering these circumstances, it would be wise to exercise patience and avoid rushing into any hasty decisions until the price either breaks the neckline (which would suggest a reversal pattern) or continues its current trend. Once this occurs, you can then make an informed decision regarding your position. If, however, you are inclined to take a position at this time, it is logical to consider a short position given the prevailing bearish trend. What are your thoughts on this matter? ____________________________ always do your research. If you have any questions, you can write them in the comments below, and I will answer them. And please don't forget to support this idea with your likes and comment
OANDA:XAUUSDShort
by melikatrader94
42