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Head_and_shoulder

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
$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