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Head_and_shoulder

Silver: The Breakout of Head and Shoulders PatternXAGUSD has completed the formation of a head and shoulders pattern with divergence on momentum indicators, and has made an initial break of the neckline. I prefer to wait for confirmation of the breakout before entering a sell position targeting 21.19. However, with the current global crisis in American and European banks, conditions may change at any moment, so it is advisable to enter and exit with caution and strict risk management. ------------------------------------------------------------------------- Let me know your thoughts in the comments, and show your support by liking the idea. Please follow if you're interested in more ideas like this. Your support is greatly appreciated!
OANDA:XAGUSDShort
by Candlestick_OB
6
SPCE No Earnings Burning Cash Swing ShortSPCE is losing money for 4 consecutive quarters showing that it is fundamentally a losing proposition, perhaps destined for bankruptcy or alternatively share dilution to raise cash which would prejudice present shareholders. Perhaps these scenarios are baked into the price. On the 4H chart the long downtrend dating back 2 years has continued. After the turn of the calendar year SPCE got a little pullback from the downtrend but has made a head and shoulders during the most recent earnings. It is easy to see Virgin Galactic as a swing short opportunity while it is slowly turning itself into a penny stock. Perhaps it will be Mr. Musk's next project after finishing with Twitter and he will join it into Space-X which may or may not reverse the slow demise. This is a clear case the interplay between risk and reward. I will play this swing short until the week of the next earnings.
NYSE:SPCEShort
by AwesomeAvani
1
an update on BTC's Bullish trendBitcoin has broken the Inverse head and shoulder we talked about a few days ago.It means the excellent bullish trend shall continue but beware of an incoming correction which is a healthy move for any Bullish trend. It shall reach 30k and then struggle a little there but afterward it should be able to reach 42k! ✅Access trading ideas, build strategies with drag and drop, backtest, and automate your trading for passive income with our Sponsor's platform Vestinda. check it out using the link in the Description Previous Analysis: _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 🌍Thank you for seeing idea . Have a nice day and Good luck.
Long
by CobraVanguard
15
BTCUSD: Head and shoulders as they teach it in books!As you can see, it is a very easy to identify "Inverse Head and Shoulders" with a typical Bearish divergence. This is technical analysis 101. If a bear starts acting a little hungry and going a little crazy in their arguments, maybe you should hand them a snickers bar (because you are not yourself when you are a hungry bear), or you can simply show them this picture ... I am sorry, but the Bull run HAS STARTED. *Let me know in the comments what do you think? Have a great FriYay!
BITSTAMP:BTCUSDLong
by ChemastroOfficial
13
Ethereum's situation+next targets and expected movements.ETH has created an Inverse head and shoulder pattern which means a great bullish trend is on the Horizon. If the price follows this pattern's expected movement,we shall see it reach 2.5k pretty soon or at least in mid term duration. The expected movement is as much as the measured price movement ( AB=CD ).The break out has occurred but the confirmation candle has yet to be closed. We might even see a correction one more time before ascending further.keep in mind that the next big resistance for ETH will be around 2.5K. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 🌍Thank you for seeing idea . Have a nice day and Good luck.
COINBASE:ETHUSDLong
by CobraVanguard
9
Bitcoin's situation+next targets and expected movements.BTC has created an Inverse head and shoulder pattern which means a great bullish trend is on the Horizon. If the price follows this pattern's expected movement,we shall see it reach 40k pretty soon or at least in mid term duration. The expected movement is as much as the measured price movement (AB=CD).The break out has occurred but the confirmation candle has yet to be closed. We might even see a correction one more time before ascending further.keep in mind that the next big resistance for btc will be around 40k. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 🌍Thank you for seeing idea . Have a nice day and Good luck
Long
by CobraVanguard
39
DXY Potential ReboundIn our previous analysis of the dollar index, we mentioned that it would rebound from the supposed neckline of the head and shoulders pattern, and indeed it did. It is now forming another shoulder before ascending again towards the neckline and attempting to break it upwards. Our focus on the rebound location may be at the level of 103.75, which is considered a meeting point for a support level with an annual rising trendline. It may decrease slightly to test the level of 103.5. ------------------------------------------------------------------------- Let me know your thoughts in the comments, and show your support by liking the idea. Please follow if you're interested in more ideas like this. Your support is greatly appreciated!
TVC:DXYLong
by Candlestick_OB