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Head_and_shoulder

AUDUSD Moving Into Technical Resistance After CPIAUD is the mover of the day after CPI yoy jumped unexpectedly to 8.4% in Australia up from 7.3%. Thats big and can potentially mean that RBA will be foreced to raise rates further. AUDUSD is moving aggressively higher, but still trading at some key resistance levels here, with fifth wave. A lot of major currenices are trading at resistance vs USD, so if suddenly USD index would rally, then Aussie can come back down, but would most likely suffer less than others. From a longer term perspective we see AUDUSD clearly in bullish mode for much more upside, but ideally after a higher degree pullback.
by ew-forecast
1
#TSLA Big Heads have big Shoulders. The weekly chart on #tsla has formed a massive head and shoulders. you see the high volume enter the left shoulder, then the depreciation in volume another smaller volume but higher price making the head, and the lowest volume right shouler, followed but some nice volume. *can bulls hold? it is a musk company, tis the season and all. But this big head here does not look Bueno! good luck traders, im looking for low volume in premarket sustained after open, and possible long put. no entrys or exits because ill be observing as data comes in.
NASDAQ:TSLA
by born4dizlif3
1
My personal opinion - an expected decline of the NasdaqWe are in tense weeks where the market is in a war of bulls and bears. After reading market reviews on behalf of Bank of America and others, analyzing market trends, talking to representatives of the Federal Reserve, past behavior of the market and performing technical analysis. In my opinion, all the data is converging to the point where the Nasdaq is going to fall to the peak of the Corona period. 1. Traditionally, the bottom in the market comes only after the interest rate hikes a re over. 2. Apple, the most powerful company in the USA, has not yet broken the mold of the cup and the handle it created. 3. The period of reporting the results will bring with it a decrease in the PE of companies that has not yet been updated in accordance with the decrease in profits. Good luck to everyone, Yosef
NASDAQ:QQQShort
by yosef361
Large potential head and shoulders 30k soon????If price does reject from this resistance (Hopefully it doesn't) and come back into the macro value area price could hit the golden pocket retracement of that move up which has a lot of confluence such as an old and very respected weekly s/r a naked daily point of control and a daily s/r. If price can bounce from that area with market cipher printing a trigger wave on higher time frames and lower-mid timeframes showing clear divergences on momentum and money flow price could probably make its way up to make a new high creating a huge head and shoulders with a target of 30k which just so happens to be the target for some other analysis I was doing. While trading make sure you manage risk properly But most importantly have fun.
Long
by scottmcscran
SE: Inverted head and shoulders formingSE (Sea Limited) Being 85% off its all time high, SE is trying to form a bottom here. The pattern I see on the 4h and daily chart is an inverted head and shoulders . It's a reversal pattern. Inverted head and shoulders (like head and shoulders) are only confirmed once the neckline is broken. The neckline is between 62.45 and 63.95 so I would consider a long entry for a swing trade if and only if we break 64. Just watching for now. But the chart is showing some positive signs. The target of the pattern is at 90 . Trade safe.
NYSE:SE
by Elpidaldo
2
SPX (S&P500) Subscribe and get a free trading strategy for Bitcoin and other every day! Afternoon ladies and gentlemen 👋😃 Let's check an SPX today🧐. On the chart, I showed the zone of possible price reversal (Right shoulder) If we see there a stop of the fall and the beginning of the formation of a reversal, then potentially it will be a breakdown of the structure of the nascent bullish trend with targets of $4200 and $4500🚀 It's better to see an oversold RSI indicator. But if we see a fall below the head level, it will mean confirmation of the bearish trend and the continuation of the fall after some pullback. P.S I do not adhere to a time frame in my analysis of the instrument, a reaction in the instrument may occur earlier or later. It is important to understand the price movement when reacting to the level, as well as the buyer and seller reactions. Well, and a few more secrets, this material is not a trading recommendation )))
TVC:SPX
by Anton_t_t_t_eng
2
USDCAD retracement or reversalFX:USDCAD Hey Traders, I am currently looking for a bullish move. There is a possibility that we could see a head and shoulders formation on the 4-hour chart. If this occurs, I would enter at the shoulder with a stop loss 4 pips under the head. With the current strength of the dollar, there shouldn't be a problem. However, if it breaks the last low or closes below that low, I believe the trend will continue to be bearish. In that case, we could look for a move to the main level of 1.34000 and enter a short position. However, I prefer the bullish move.
Long
by ElliotXSolana
4
head and shoulders in USDJPY...hello guys... today I was surfing throw forex pairs and see a great opportunity in monthly time frame at usdjpy pair... as you can see on chart price formed a head and shoulder pattern and target of this pattern is on $165, although break out neckline very well so it is very possible to reach target... there are two scenarios for upward movement: 1) starting to downward from here 2)retrace to neckline and after that start upward movement it is up to you to choose best position, which one do you choose? always do your own research. If you have any questions, you can write it in comments below, and I will answer them. And please don't forget to support this idea with your like and comment.
by melikatrader94
26