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Head_and_shoulder

BTC---> SCALP POSITIONHELLO GUYS... time is consuming therefore long story short, get a short position until the first pink area, or you can risk it and hold it until the second pink area! if the price reaches the second pink area and gives you some confirmation get a long position until the higher high level to this chart! I hope I write it clearly! 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
by melikatrader94
32
ALIBABA ($BABA): Technical Analysis on daily chartHi everyone! The main trend of $BABA is bearish on the daily chart, but most of the bearish momentum has already been worked on by the market. Having said that, even in the short term I remain bearish at least up to the support area, from there I cannot exclude some Reversal Pattern (see chart below). If this happens, an update to this analysis will be necessary because before trying to take a long position I want to wait for at least one clear signal (for example, an impulsive structure on the hourly chart). POTENTIAL REVERSAL PATTERN If we look at the Daily Chart, the support area could turn into something like a Right Shoulder of a potential "Inverted Head & Shoulders". 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
NYSE:BABA
by TheAnonymousBanker
USDJPY Ready for a large move southThis idea is one to watch and will be a good move if it happens. USDJPY took incredible Bull action last year, but has since been moving back down to previous support levels. We can start to see an incredible head and shoulder pattern forming. Key levels to look out for are the previous support zones around the 126-127 zone and especially the 115 zone which has been a historical key zone. Whilst in there as been short term bulish pull back, stepping back out to the daily shows there is more to this downside and a good entry zone currently.
Short
by dnsmith
DXY Testing Strong Resistance LevelAfter the US dollar index broke out of the descending channel as we previously mentioned, it is now testing the strong resistance level at 105.70. It is likely to bounce back to form the first shoulder of the head and shoulders pattern, possibly towards 103.850 or even 103.750 to retest the previous support level and the ascending annual trend line. This would form the right shoulder of the head and shoulders pattern, providing a good buying opportunity up to the neckline above. I will closely monitor the market to seize entry and exit opportunities based on analysis within the trading channel, hoping to profit from these expected price movements. ------------------------------------------------------------------------- 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:DXYShort
by Candlestick_OB