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Head_and_shoulder

4hr GBPUSD Patterns in patternsAs you can see marked out on my charts, the yellow arrows show the top of a massive double-top structure. Both these structures have tested and could not break the 200ema(white line, red arrow) which acts as a very strong support\ resistance. The second leg of this double top is forming a head and shoulders at the 200ema resistance, and if you look closely, the head of the head and shoulder structure is actually a double top. If you go into smaller time frames you will also see these structures within structures. Its magic lol. Boost me if you like what I post. Dont be shy
Short
by faddy
Head and Shoulders Pattern On Natural GasHere we have a textbook Head and Shoulders Pattern after a strong uptrend on natural gas. The volatility between the head and the kneckline was 19% so we used this as our main take profit area. At first it seemed too much of a price move however 4 weeks later not only did we get past the 19% take profit area, price went down further to 26%. This was a big trade to take, the entry for this set up is below: entering on the break and retest of the pattern. Using the rally candle for the signal to enter was key also. Also had a 2nd opportunity to enter the downtrend and this was the continuation pattern = symmetrical triangle (if located in a downtrend then the chances are that breakout will be to the downside Follow me for more analysis and candlestick signals.
CAPITALCOM:NATURALGAS
by LuxTradeVenture
$MATIC | Double Top? McDonalds M Coming?Here we have one of my personal favorite cryptos & L2 sidechains, MATICUSD or Polygon. Potentially we may see, a downtrend because of a couple of factors. Let’s zoom in! I see the potential for a “McDonald’s M” or most notably referred to as a Head & Shoulders pattern which could signify a downtrend. Here are some reasonings & findings: * MATIC has touched the 0.8721 area twice now but has pushed through this resistance * Upper Bollinger Band has been broken previously * Nearing extreme overbought statuses on the RSI * After the initial push down from the 0.8721 area, 0.8456 acted as support for the potential “head” of the pattern * MATIC is still above the 200 EMA The last note should be taken into consideration when placing a SHORT trade for MATIC. It is still above the 200 EMA currently so a safe TAKE PROFT could be back to the “neck line” area of 0.8456 in case there is a bounce and your STOP LOSS above the resistance area of 0.8721.
COINBASE:MATICUSDShort
by CryptoHotep
Tesla earnings are everything tomorrow!Traders, Do not underestimate an earnings miss on Tesla tomorrow. Earnings est. is $1.00. If missed: 1. It could trigger the start of the massive bearish H&S pattern. 2. It will bring down the Nasdaq with it. 3. Nasdaq will bring down other indices like the SPX. 4. SPX coming down could break its critical support that has held up thus far. 5. Investors tend to correlate stocks like Tesla to crypto. An alarming report can levy more significant damage to bitcoin and crypto than its already incurred. In my view, it is critical Tesla does not break and confirm the break of its neckline here over the next few days! Earnings must be hit and the $212-$215 pps MUST hold or it could mean trouble. Watch this closely! Stew
NASDAQ:TSLA
by stewdamus
2
ABNB Rejection of Double Top Neckline/W Bad News10/14/2022 -- Joseph Gebbia, 10% Owner, Director, on October 13, 2022, sold 250,000 shares in Airbnb (ABNB) for $27,531,705. Here is ABNB 4 HR chart. We have a big double top on the higher time frames. We broke that double top neckline we used for support and are now rejecting the double top neckline while setting up in a head and shoulders pattern on the smaller time frames. The move should take about 6-10 days to play out so give yourself time not investing advice. White zone and Low of year area for final TP. I'll be looking for this to start playing out next week.
NASDAQ:ABNBShort
by quafo
2
APE head and shoulders pattern and trend lines#APE/USDT $APE shaped a head and shoulders pattern and broke down from ascending trend line. 🐻 so price can drop more to support zone that is the same with neck line of H&S pattern. then it will have a pullback to broken trend line and if reject from this line it will drop more to support zone around $3. 🐮 but holding the neckline as a support and break out from resistance zone will increase price toward upper ascending trend line. #women_life_freedom
by parissap
Banknifty Price Action-Price PatternBanknifty Price Action-Price Pattern: The pattern of Head & Shoulder has come to the notice on 1/2 hourly chart of BANKNIFTY. The price may reach the target range if it sustain below the neckline. A retest of the neckline may take place in first 1 hour of trading in the morning. The analysis will be invalidated if the hourly candle close above the neckline. This is not a trade recommendation pls do your own analysis or consult your advisor for any trade execution. Thank you.
NSE:BANKNIFTYShort
by imkhushal
2