ETH H&S pattern after confirmed double bottomWe can clearly see how PA developed a double top pattern, confirming it and developing a H&S pattern with a very high second confirmation due to the ripidity of PA caused by huge amounts of buying pressure after the bear cycle breakout.
A first evident confirmation of the pattern is marked with a down arrow. At this point, I'm going to wait for a second confirmation marked in green for a better short entry.
Head_and_shoulder
📈✌ETH 30Min Long Position: Risky✌📉BINANCE:ETHUSDT
COINBASE:ETHUSD
Hi traders, first take a look at my previous analysis and positions.
between now and the determined level, you can open long position in one or two steps. 🐱🏍
If the price rises and reaches the TP1 level, you can risk-free the position.
TP1-2-3-4-5-6 are on the chart.
The optimum stop-loss is below the determined levels.
Please share ideas and leave a comment,
let me know what's your idea.
CrazyS✌
AVGO: Head and Shoulders?Broadcom
Intraday - We look to Buy at 457.26 (stop at 435.69)
A bullish reverse Head and Shoulders is forming. This is positive for sentiment and the uptrend has potential to return. The measured move target is 512.00. Dip buying offers good risk/reward.
Our profit targets will be 510.99 and 530.00
Resistance: 512.00 / 574.00 / 670.00
Support: 450.00 / 350.00 / 260.00
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USD/CAD near-term top in place?USD/CAD appears to have completed a bearish Head and Shoulders (H&S) top. Negative RSI divergence bolsters the case for a downturn.
The broadly anti-USD response to October's #NFP report may have triggered a breakdown through the H&S pattern's neckline. The measured-move downside objective implied by the setup calls for a test of the 1.30 figure.
Clearing resistance at 1.3877 and reclaiming a foothold above the 1.40 figure would probably neutralize selling pressure.
AAPL - looking vulnerableAAPL had been the strongest among the FAANG (aka MAMAA) stocks. In the past week we saw AMZN, GOOG, META breaking lower, a sign that the Nasdaq isn't on it's way to sustainable recovery anytime soon.
While AAPL appeared more resilient, it's weekly chart had been forming lower highs since the start of this year and is now back to testng a critical neckline and horizontal support zone between 129-132.
Should AAPL start to break below this "neckline", then expect more pain / volatlity in Nasdaq for a while. Cautious on AAPL at the moment unless it can trade above it's 50day moving average again for a start (preferably a golden cross too).
Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
USD-CAD Head And Shoulders! Sell!
Hello,Traders!
USD-CAD was trading above a
Horizontal support level and has formed
A head and shoulders pattern
Then broke the key level
Thus, we are now bearish biased
And after the pullback and retest
We will be expecting a move down
Sell!
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See other ideas below too!
📈✌UNI Daily analysis✌📉BINANCE:UNIUSDT
COINBASE:UNIUSD
First, please take a look at my previous analysis and positions.
between now and the yellow areas, you can open a long position in two steps.
If the price rises and reaches the risk-free level, you can risk-free the position.
TP1-2-3-4-5-6 are on the chart.
The optimum stop-loss is on the chart.
Please share ideas and leave a comment,
let me know what's your idea.
CrazyS✌
Nasdaq - US100 Inverse Head & ShouldersA lot of traders will be looking at this pattern today. Will the RH shoulder form and will the price travel back up to the neckline?
The speculators will buy here, which means they will put their stops under the head. A big pool of liquidity is always a big magnet for stop hunters.
I don't trade these patterns but I keep an eye on the market structure to keep ahead of market psychology.
Prataap snacks Ltd - MACD CROSSOVER 📊 Script: DIAMONDYD (PRATAAP SNACKS LIMITED)
📊 Nifty50 Stock: NO
📊 Sectoral Index: NIFTY FMCG
📊 Sector: Fast Moving Consumer Goods
📊 Industry: Packaged Foods
DAILY TIMEFRAME
Key highlights: 💡⚡
📈 Script is trading at upper band of Bollinger Bands (BB) and giving breakout of it.
📈 MACD is giving crossover.
📈 Double Moving Averages also giving crossover.
📈 Script is moving towards its resistance level which is 908.
📈 Current RSI is around 76.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 869
🟢 Target 🎯🏆 - 908 , 1000
⚠️ Stoploss ☠️🚫 - 799
⚠️ Important: Always maintain your Risk & Reward Ratio.
⚠️ Purely technical based pick.
✅Like and follow to never miss a new idea!✅
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
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