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Head_and_shoulder

SPX's Situation: What Shall we Expect ?SPX 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 4300 pretty soon or at least in mid term duration. ✅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. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 🌍Thank you for seeing idea . Have a nice day and Good luck.
SP:SPXLong
by CobraVanguard
6
Silver shows bearish signs with head and shoulders patternThe silver is forming a clear Head and Shoulders pattern with a visible divergence on momentum indicators. Additionally, it has broken the ascending weekly trendline. These are all signs that the price is likely to fall to 22.150, after which it may rebound to 22.68 and retest the breached neckline. The retest point could present a good opportunity to enter a short position, with a potential profit of at least 6200 points. ------------------------------------------------------------------------- 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
2
SPY close analysis, 3/27/2023 -- Inverse head and shoulders?Choppiness prevails. This is a premium sellers dream and a nightmare for swings. Looks to me like the low is in for the short term cycle. Price never dipped low enough into the diag demand zone I projected on the 23rd for the bullseye target Price seems to have found some support off the indecision zone today. I'm neutral-to-bullish until we lose 394.5. In the *what if* crystal ball projections spirit, I propose a potential inverse head and shoulders, taking price into the >420 zone depending on completion date. Now THAT would be interesting.
AMEX:SPY
by upslidedown
GBPUSD: short if Neckline is BrokenThe GBP/USD has broken the weekly downtrend but faced support at the 1.215 level, which is also the 23.60 Fibonacci level. I expect the price to retest the previous resistance level around 1.228 to form a head and shoulders pattern before reversing down to attempt to break the neckline at 1.220. This would be a signal to enter a bearish trade with a target of at least 1.214. ------------------------------------------------------------------------- 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!
Short
by Candlestick_OB
2
BOOK of SAMUEL: DAVID V GOLIATHWow! This is a first for me, in such a large timeframe. Looking at both patterns forming. The larger head & shoulders pattern may take precedence, as it is generally considered to be a more significant pattern. If the H&S pattern is confirmed, it would suggest that the uptrend is ending and that a downtrend may be beginning. However, if the Inverted H&S pattern is also confirmed, it could indicate that the trend is changing and that an uptrend is beginning.
CME_MINI:ES1!
by theswiftninja
Possibilities of Spy to 360 1DObserving the daily chart, it appears that a head and shoulders formation has emerged, which may indicate significant changes on the horizon that have yet to be disclosed. This channel has persisted since October of last year, suggesting that a potential shift in market dynamics may be underway. Additionally, if this head and shoulders pattern holds true, it could trigger a significant bearish trend with potential retests of support levels around 360 and possibly even down to 320. Powell's recent tendency to keep his announcements brief and to the point also warrants attention, as it may reflect a cautious approach to managing the economy. As always, it's important to stay vigilant and stay informed as events unfold.
AMEX:SPYShort
by Adventure_Joe
Bullish pattern on bitcoin?Bitcoin broke out of the descending channel a few weeks ago during the run up in price. A reversal happened at what appears to be a neckline of a potential inverse head and shoulders. I drew the pattern the first week after it hit. Would want to see 18-20k put up a fight (20 w moving average support at the top of the descending channel, which is also at the 2017 market cycle high) Seems like a lot of confluence for a nice re-test, consolidation, and breaking of the 200 w moving average to the upside. There is plenty of fear in the market right now, for good reason. To invalidate this inverse H&S setup, hitting the previous low (or worse) would do it. 19.6k entry, 4.5 reward/risk ratio.
BITSTAMP:BTCUSDLong
by chikinjoe
NZDUSD on an inverse H&S 🦐NZDUSD after our previous analysis reached the 0.61 support area. The price created a potential inverse Head & Shoulders pattern with 2 right shoulders that have higher lows. The pairs has now broken the neckline and some more buying pressure can be seen at the EU or US market open. How can i approach this scenario? I will wait for a potential test of the previous resistance, now turned support, and IF the price will satisfy the Plancton's strategy rules we will set a nice Long order.
by InkyGrip
4
NZDUSD: Head and Shoulders Pattern CompletedThe NZDUSD pair has completed a head and shoulders pattern on the daily timeframe, with two bullish engulfing candlestick patterns appearing in the last shoulder, indicating strong momentum pushing the price higher. On the 4-hour timeframe, we can see that the price has broken out of the downtrend and failed to make any lower lows, supporting our view that the price has reversed from a downtrend to an uptrend. However, the price needs to break above the neckline and resistance level at 0.62680, which it failed to do last week. Also, the 200-period moving average on the 4-hour timeframe may act as resistance. Therefore, we expect the price to dip slightly to the area between 0.62243 and 0.61925 before waiting for a buy signal to push the price towards 0.63550. If the price does not bounce off the support area and breaks above the neckline, that would be a signal to buy towards 0.63550. ------------------------------------------------------------------------- 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!
Long
by Candlestick_OB