ADA → Bearish Pressure !!!The price is forming a descending head and shoulders pattern, indicating a lack of liquidity in this time frame. If the price follows this pattern, it could drop to around 30 cents.
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Head_and_shoulder
NZDCAD trade based on H&S pattern
NZDCAD trade based on HEAD and SHOULDERS pattern. We can see price is try to go bullish on 6.9 in 19h, and its revers in another day we are can saw strong bearish candles, which me represent bearish volumen gathered. On end of 10.9 we can see some interested candles like shooting star and bearish engulfing which can be good signs.
+Bearish expectations after todays CPI events
TP: 0.82450 (80)
State Bank of India (SBI) – Bullish Reversal Setup State Bank of India (SBI) – Bullish Reversal Setup with Inverse Head and Shoulders Pattern
SBI is currently forming a classic Inverse Head and Shoulders pattern on the daily chart, a strong indication of a potential bullish reversal. The neckline, located at ₹826.45 , is the critical level to watch. A successful breakout above this level could trigger upward movement towards ₹880 and ₹911 , with volume confirmation needed to validate the move.
Technical Highlights :
Inverse Head and Shoulders Pattern: The formation of this pattern suggests a trend reversal from bearish to bullish. The price is consolidating just below the neckline at ₹826. A close above this could indicate further strength.
Support and Resistance: Immediate resistance is at ₹826.45 , followed by targets at ₹880 and ₹911 . On the downside, the stock finds support at ₹790 and ₹762 , which could act as stop-loss zones.
Volume Profile : High activity in the ₹790 - ₹826 range signals strong buying interest. A breakout above this range could push the stock into the next major volume zone around ₹880 .
Moving Averages: The stock is trading above its 20-day, 50-day, and 100-day moving averages , confirming a bullish bias in the near term.
RSI (Relative Strength Index) : RSI is neutral around 50, signaling consolidation. A push above 60 would confirm bullish momentum in line with a potential breakout.
Outlook:
Bullish Scenario : A breakout above ₹826 could open the door for a move toward ₹880 and ₹911. Traders should look for volume confirmation to ensure the breakout's sustainability.
Bearish Scenario: Failure to break above ₹826 could lead to a pullback toward support at ₹790, with ₹762 being the next key level on the downside.
SBI appears poised for a breakout, making it an attractive opportunity for traders looking for a bullish reversal setup.
silver head and shoulder patternsince gold meltup this year silver also going up
but there is long term elliott wave target near $31.71
price made head and shoulder pattern than neckline breakout
now retest of neckline ( as your horizontal resistance) and target new lower low is final setup in head and shoulder pattern
Day 2 AI Analyzing my trading ideasThe following chart is not very different from the first except I wanted to focus on a smaller timeframe initially I wanted to focus on the 4h timeframe but the big picture wouldn’t be as clear. I started off sending a picture of the 4h chart to AI and asking if it recognized any patterns, of which it mentioned 3 patterns a Head and shoulders, a rising wedge, and a symmetrical triangle. The rising wedge we talked about yesterday. So I decided to go for the head and shoulders (in this case an inverted HAS) after drawing the HAS on the chart myself I sent a new picture of it to AI and asked what it saw (the yellow price lines were added before posting to highlight the possible target AI suggested. Below is the description I got, keep in mind AI is not to be used as a trading tool by any means, but I like to play with the fact that it takes my emotions away from trading. Disclaimer again, I’m no professional and this is not trading advice. This is what AI said about my chart.
Let’s break down the analysis again with this correct interpretation.
### Key Observations:
1. **Inverse Head and Shoulders Formation**:
- The **left shoulder** forms around early June, the **head** dips lower in mid-July, and the **right shoulder** forms in September.
- This pattern suggests that after a downtrend, there’s potential for a bullish reversal.
2. **Neckline**:
- The **dotted green line** (around $65,000) appears to act as the **neckline** of the pattern. This is a key resistance level that, once broken, would confirm the bullish reversal.
### Possible Outcomes:
- **Bullish Scenario**:
- If the price breaks **above the neckline** (around $65,000), it would confirm the Inverse Head and Shoulders pattern, signaling a potential upward movement.
- To estimate the potential target, measure the distance between the **head** and the **neckline**. The head dips to around **$50,000**, and the neckline is at **$65,000**, which gives a difference of **$15,000**.
- Adding that difference to the breakout point at **$65,000** suggests a potential upward target of around **$80,000**.
- **Bearish Scenario**:
- If the price fails to break the neckline and instead reverses back down, the key support levels to watch would be the **right shoulder level**, which is around **$55,000**, and the **$50,000** level at the head.
- A breakdown below these levels could invalidate the bullish reversal, leading to further downside pressure.
### Conclusion:
The **Inverse Head and Shoulders** is a classic bullish reversal pattern. If the price breaks above the **$65,000 neckline**, we could see Bitcoin target **$80,000** based on the pattern's projected move. However, failure to break the neckline would mean the pattern is not yet confirmed, and we might see the price retest support around **$55,000** or **$50,000**.
BITCOIN: This May Be Your Last Chance Before Exploding to UpsideAs you can see, BITCOIN has created an ascending head and shoulders and is also located in the Megaphone , which means that if it breaks, we expect the price to reach the top of the Megaphone.
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The last bullish chance of BITCOIN in short-term !!BTC is attempting to break through resistance of ascending triangle pattern after bouncing off support. Wait for a decisive breakout above the ma 200 to confirm the continuation of the bullish trend . Up we go if we do breakout , also a bullish hidden Divergence (HD+) on MACD which shows Positive Signs for BTC.
The price can increase as much as the measured price movement ( AB=CD ) .
The break out needed for increasing further has not happened but it should happen pretty soon.
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FTM: The prospect of increasing?BINANCE:FTMUSDT
As you can see, FTM has created an ascending head and shoulders and is also located in the megaphone, which means that if it breaks, we expect the price to reach the target (AB=CD).
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BITCOIN: Find Out Why the Price Has Been Trading Bearish !After breaking the head and shoulders, Bitcoin could not break the important resistance of 61K and this caused the pressure of the bears to increase (the divergence shows this well) and the price decreased. We expect the price to decline until near 57K and after that I expect the price to rise again.
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WOO is Bullish now & many Traders don't see it !!BINANCE:WOOUSDT
As you can see, WOO has created an ascending head and shoulders and is also located in the Falling wedge, which means that if it breaks, we expect the price to reach the target (AB=CD).
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BITCOIN - Time to buy again!As you can see, BTC has created an ascending head and shoulders and , which has just been broken in the 4-hour time frame and this means that the price can be bullish and I expect the price to go up to the Fibonacci line of 0.618 = 60k . Stay tuned for more updates, thanks
BTC From a different point of view !!!
Previous Analysis
SUPER is Bullish now & many Traders don't see it !!As you can see, the price was able to break both the neckline and the wedge line at the same time, which means that the price can rise as shown in the chart.
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(Update) Price increase and prediction of the next target!!!As you can see, after breaking the head and shoulders pattern, the price has increased significantly. However, this is not the end of this growth. The price can reach the target shown in the chart after a slight correction. I believe that AB=CD.
Previous Analysis
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#EURUSD Potential Head and Shoulders PatternFX_IDC:EURUSD
The pair is showing signs of potentially forming a head and shoulders pattern. Key support is located at 1.1065. A clear break below this level could trigger a downward movement in the pair, signaling a shift in momentum.
Keep an eye on this critical support level, as it may influence the upcoming price movements.
Bitcoin's Path Toward $65k After Key Resistance Break-high riskhello guys.
as I said before:
Head and Shoulders pattern completed: A clear inverse head and shoulders pattern has formed, signaling a bullish reversal. The breakout above the neckline confirms this bullish structure.
Breakout confirmed: Bitcoin broke past the previous resistance at $62,300, which now acts as a strong support level. The price retested this zone, reinforcing the breakout.
Upward momentum: The trend shows higher highs and higher lows, suggesting continued bullish momentum in the short term.
Next target at $65,000: The next major resistance is around $65,000, which could serve as a key psychological barrier.
Potential consolidation: A consolidation or retest of the $62,300 level is possible before a move higher.
High risk: Despite the bullish structure, the risk of this position is extremely high. The market remains volatile, and failure to maintain the $62,300 support could lead to sharp declines. Traders should exercise caution.
___________________________
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Bitcoin's Rally Toward $62,000hello guys.
Inverse Head and Shoulders Pattern: The chart highlights a clear Inverse Head and Shoulders formation, a well-known bullish reversal pattern. The left shoulder, head, and right shoulder are well-defined, signaling a potential trend reversal from the previous downtrend.
Breakout Above the Neckline: The price has broken above the neckline, which confirms the reversal pattern. This is typically a strong bullish signal indicating further upward momentum.
Engulfing Pattern: An Engulfing pattern at the right shoulder supports the bullish case, suggesting the buyers are gaining control, pushing the price higher.
Next Target: The projected target for this breakout is $62,000, which is indicated on the chart. This would be the next key resistance level where traders might take profits or reassess positions.
Pullback Potential: There is also a possibility of a minor pullback to retest the breakout area (around $58,500), which would act as support before continuing upward.
___________________________
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BLUR: The prospect of increasing?As you can see, BLUR has created an ascending head and shoulders and is also located in the megaphone, which means that if it breaks, we expect the price to reach the target (AB=CD).
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TON → is in a dangerhello guys.
Head and Shoulders Pattern: A classic bearish reversal pattern has formed with a left shoulder, head, and right shoulder, indicating potential downside.
Neckline Break: The price has broken below the neckline around $5.30, confirming the pattern and suggesting further bearish momentum.
Target Projection: The measured move target from the head to the neckline projects a potential drop towards $3.27.
Resistance Levels:
Immediate resistance at $5.30 (previous neckline).
Further resistance near $6.10 (potential pullback area).
Support Levels:
Immediate support around $4.60.
Major support at $3.27 (pattern target).
Outlook: Bearish, with a high probability of a decline towards the $3.27 level unless the price reclaims the neckline. Watch for any signs of reversal or a break above $5.30 to invalidate the bearish scenario.
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Head and Shoulder (Inverted) AMBERAbmer Enterprises has made a perfect inverted head & shoulder pattern.
Break out is any time soon.
Stoploss is far away i.e. 2980 on weekly closing basis.
Targets are as follow:
Target1 = 7500
Target2 = 10500
Target3 = 14000
and much more...
Be patient and stay invested.
Alert: This is not a buy recommendation. Kindly consult your financial advisor for this purpose.
All About the Head & Shoulders Pattern(Beginner-Friendly) Part.2Hello, everyone.
Today, I’m excited to share the second part of my educational series on chart patterns.
In this post, we’ll be focusing on the 'Head and Shoulders' and 'Inverse Head and Shoulders' patterns.
For those who missed the first part, you can catch up here:
↓↓↓
As always, I’ve kept the explanations simple and beginner-friendly. I hope this guide provides you with valuable insights!
Here’s today’s outline:
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✔️ Outline
1. What is the Head and Shoulders pattern?
Definition
Key components
Characteristics
2. Head and Shoulders
Basic features
Examples
3. Inverse Head and Shoulders
Basic features
Examples
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1. What is the "Head and Shoulders" pattern?
1) Definition
The Head and Shoulders pattern is a well-established reversal formation that appears after an uptrend and signals the potential start of a downtrend. It indicates that buying pressure is weakening and selling pressure is gaining momentum.
2) Key components
Left Shoulder: The initial peak, where the price rises and then pulls back.
Head : The highest peak, situated between the two shoulders, representing the final bullish push.
Right Shoulder: The third peak, which is typically lower than the head but similar to the left shoulder, signaling diminishing buying interest.
Neckline: A key support line drawn across the lows of the left and right shoulders. A decisive break below this neckline confirms the reversal and the beginning of a downtrend.
3) Characteristics
Reversal signal: The Head and Shoulders pattern marks a transition from an uptrend to a downtrend.
Easy identification: The structure is visually distinctive, with three clear peaks.
Neckline significance: A break below the neckline serves as a confirmation signal for the downtrend.
Volume dynamics: Volume typically rises during the formation of the left shoulder and head, decreases during the right shoulder, and surges again when the neckline is breached.
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2. Head and Shoulders (Reversal from uptrend to downtrend)
1) Basic features
End of an uptrend: The Head and Shoulders pattern forms at the end of a bullish phase, signaling a weakening in buying strength.
Distinct peak heights: The head is always higher than the shoulders, which are generally symmetrical, though the right shoulder may sometimes be slightly lower, enhancing the pattern’s reliability.
Neckline as a trigger: The neckline acts as a critical support level. A break below it confirms the pattern and signals the onset of a bearish trend.
Volume confirmation: Volume increases during the left shoulder and head formations, weakens during the right shoulder, and spikes when the neckline is broken, confirming a potential sell-off.
Price target: After the pattern completes, the expected price drop is typically equal to the distance between the head and the neckline, providing traders with a target.
2-1) Example 1
In this example, we see a fakeout at the right shoulder, followed by a sharp decline.
After a brief retest of the neckline, the price broke through and continued its downtrend.
2-2) Example 2
In this chart, a fakeout occurred when the price dropped from the head and formed the neckline, misleading many market participants. After forming the right shoulder, the price successfully declined. There were two retests, which confirmed the reliability of the pattern.
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3. Reverse Head and Shoulders (Trend reversal from downtrend to uptrend)
1) Basic features
End of a downtrend: The Inverse Head and Shoulders pattern typically forms at the end of a downtrend, signaling a potential reversal to the upside.
Formation of lows: Like the standard Head and Shoulders, this pattern consists of three lows—left shoulder, head, and right shoulder—with the head being the lowest point.
Neckline significance: The neckline is drawn across the highs of the left and right shoulders. A break above this line confirms the reversal and acts as a strong buy signal.
Volume pattern: Volume tends to decrease during the formation of the pattern but surges when the neckline is broken, signaling strong buying momentum.
Target setting: After the pattern is confirmed, the expected price rise is often equal to the distance from the head to the neckline, which helps traders set profit targets.
2-1) Example 1
After the Head and Shoulders pattern formed, the price broke above the neckline, successfully reversing the downtrend into an uptrend. A buy strategy would have yielded profits at the breakout point.
2-2) Example 2
In this example, a smaller Reverse Head and Shoulders pattern formed within the head of a larger pattern (see Example 3). After two successful retests, the price reversed into a strong uptrend.
2-3) Example 3
This example showcases the smaller Reverse Head and Shoulders pattern mentioned in Example 2, located within the head. After two successful retests, a buy strategy could have led to profits as the price reversed into an uptrend.
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✔️ Conclusion
"Charts are the maps of the market."
The Head and Shoulders and Reverse Head and Shoulders patterns we’ve covered in this post are key signals that frequently appear in the market. Charts aren’t random—they are visual representations of market psychology and investor behavior. As traders, our role is to interpret these maps, navigate the market, and make informed decisions.
Investing is more than just buying and selling. Sometimes the market may move contrary to our expectations, while other times we seize opportunities and achieve success. Each experience is a chance to learn and grow. The more experience you gain, the more paths you’ll recognize on the chart.
Success in this market requires persistence, patience, and continuous learning. Understanding and analyzing chart patterns like the ones discussed here is just the beginning. I hope this post has helped you gain a deeper understanding of the market and make more informed decisions.
The market is always evolving, but within that evolution lies opportunity. The key is developing the ability to spot those opportunities. With knowledge, experience, and confidence, you’ll find greater success.
Stay prepared, and always listen to what the market is telling you.