Head_and_shoulder
Head & Shoulders Top Completed, USO/SPXAccording to TA rules, the ratio has completed the pattern with a Complex Right Shoulder (two peaks).
Those these means that the SP:SPX should breakout from that downward trendline? I don't know, but probably.
Or those it means that energy stocks should finally follow oil prices? Maybe, it is what normally had happend.
What I'm seeing is more stocks going up, even though some breakouts aren't working as smooth as it should.
Nontheless, I just follow price.
This ratio is just another indicator, let's wait and see what happens.
TSLA - Head and shoulders top? or Bull flag?Both could be true
A bear rally could stay within the channel and bump up underneath the (alleged) neckline at around ~$230
Would not consider buying TSLA until a clear break of the yellow trendline
will follow up with a shorter time frame if the yellow line is broken with an more in depth view, like a 4 hour time frame
MULTI/USDT BINANCE SPOT LONGHi guys as you can see in the chart that head and shoulder pattern has been formed
Current price 4.15
$MRNA - Moderna: Megaphone TopOn weekly we can see that the price has formed a long-term Head&Shoulder, where its right shoulder is a Megaphone Top.
Price is hugging & kissing its upper trendline, which is also an area of a perfect entry to go SHORT, as there is a very small risk compare to a very big reward.
I will be looking and patiently waiting for a Key Reversal from upper trendline to go SHORT.
BPCL - Head & Shoulder pattern - 15% ROIAll details are given on chart. If you like the analyses please do share it with your friends, like and follow me for more such interesting charts.
Disc - Am not a SEBI registered. Please do your own analyses before taking position. This post is only for educational purposes and not a trading recommendation
EDU: BOTTOMING PATTERN & GAP FILL PLAYEDU ( Chinese stock ):
I'm bullish Chinese stocks in general but I really do like the look of EDU.
A few reasons to keep a good look on EDU:
- price is now above all the moving averages on the daily chart;
- price is getting back above the Ichimoku cloud;
- there is a huge gap between $29.70 and $57.34;
- the weekly chart chart has the look of an inverted head and shoulders (but not really perfect).
Has EDU found a bottom? It looks like it.
Can we fill that gap? Not sure. However the chart looks promising.
The next resistance is at 29.70. If we cross 29.70 I would expect the price to accelerate to the next resistance of 50.27, then potentially fill the gap.
If we see weakness in the coming days, the next supports are at 24 and 22.
I would wait for the price to cross 29.70 before initiating a long position. My 1st target will then be around 50, my second target will be at 57.
Trade safe!
(This is no financial advice. Technical analysis is given to help you make your own decision. As always place a stop loss when you enter the position, and do not ignore risks of delisting for Chinese ADRs).
TESLAHello & welcome to this analysis
In the monthly time frame we can see the stock has broken and continues to trade below the Ichimoku Base line support, suggesting a likely test of the Ichimoku clouds in the coming months.
In the weekly we can see a Head & Shoulder formation with the right shoulder withing a parallel channel. Sustaining below $205 (weekly) this could break all the way down to $150 before any relief / value buying comes in.
Short term bounces here there might come due to oversold zones, but overall structure has become very bearish for the medium term.
SPX500 Shooting down rapidly SP500 has finally broken down the head and shoulders pattern I discussed in the previous idea , and now it's facing some resistance from a trend line descending since last Aug. Here I see two scenarios:
scenario-1: opening in a gap without under the trend line, but it has to face the demand zone @3771. Then it might shoot up to retest the neckline of the broken head and shoulders pattern and grab some liquidity to dive again all the way to 3655
scenario-2: the price will react to the trend line and go up to meet the neckline of the broken head and shoulders pattern and grab some liquidity to dive again all the way to 3655.
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Cipla 1HRCipla is looking good setup for tomorrow trade Cipla formed head and shoulder pattern
in 1 day timeframe price in a crucial level if a candle break and close below the support
we can sell cipla first target will be 1078.50 and second will be 1066.20and trail your
stoploss if cipla braking upper green zone then we can avoid this trade
Thank you
NSE:CIPLA