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Head_and_shoulder

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
$ATOM - LONG or SHORT ?Hello my Fellow TraderZ, The day before I had shared the idea of $QNT forming an ASCENDING TRIANGLE and its possible move. Similar structure is visible on $ATOM #COSMOS on 1 HTF where price is ranging inside the ASCENDING TRIANGLE and constantly getting rejection from $13.2. Breakout Target would be around 6-11% Profit. But also it is a bit confusing as it seems like it is also forming a Head & Shoulder pattern with the Trendline as the Neckline. Breaking of the neckline would give us the profit ~ 7-10% on Short. As a trader our task is to trade on both the sides. Let's see. Good Luck. Happy Trading. CHEERS!!!
by TRADER-GOKU
TESLA - $TSLA - Head & Shoulder - Distribution almost OVER!!!!!When great trees fall, rocks on distant hills shudder, lions hunker down in tall grasses, and even elephants lumber after safety. Soon Tesla will move from the head & shoulder -- down to its KNEES and that is when we will execute our entry for a long hold. Sorry Elon, your Ponzi gig is up, you can't produce because you don't have materials and the ones that exist are over priced just like your vehicles. Your stuck boo, your in a corner, stalemate, king cannot MOVE! I presented this head & shoulder pattern on $TSLA back in July, before the Right Shoulder was complete and now we are on to the final stages. I see a bounce occurring before heading lower. On Monday - US holiday - we should expect lower volume and usually that means a sell off. This view is on a weekly timeframe. I believe Tesla will wick below the neckline as it has in the past and then squeeze up and fill the GAP to $262.47 (1st target). If the S&P500 shows strength mid October, prior to OPEX options expiry date, Tesla may keep trekking up the the second target which is in the $290 range before breaking the neckline. Head and shoulder criteria: 1. Buying volume is diminishing and showed most strength on the left shoulder. 2. The head is much higher then the left shoulder. 3. The neckline fits the description of a proper head and shoulder pattern. GOOODLUCK TRADERS!
NASDAQ:TSLAShort
by ChaldeaCode
1
USD/JPY closes above 145 - NFP now in focusUSD/JPY finally closed above 145 for the first time in 24 years. Given we saw the MOF (Ministry of Finance) intervene around 145.9 then the potential for the BOJ or MOF to jawbone (if not intervene) may be high. However, traders remain aware that it will take a coordinated intervention to turn this trend around, which is why prices simply drifted back to the highs when the MOF intervened in September. And until we see any sort of intervention, price action remains king. Take note that the MOF last intervened around 145.90, so maret may become twitchy the closer we get to that level. An inverted head and shoulders pattern has formed on the USD/JPY 1-hour chart, which projects a target around 146.2. With the dollar looking strong ahead of today's NFP report, perhaps we'll see another leg higher ahead of the key Nonfarm report. The trend remains bullish and we would consider bullish setups above the broken neckline, with the initial target being the highs around 145.35 and the daily R1 pivot.
Long
by CityIndex