Head_and_shoulder
INDIAMART - Inverted Head & Shoulder patternAll details are given on chart. If you like the analyses please do share it with your friends, like and follow me for more such interesting breakout charts.
Disc - Am not a SEBI registered. Please do your own analyses before taking position. This post is only for educational purposes and not a trading recommendation.
LYV: The music just stopped!Live Nation Entertainment
Short Term - We look to Sell at 90.13 (stop at 93.80)
The medium term bias remains bearish. A bearish Head and Shoulders is forming. The measured move target is 81.00. Further downside is expected although we prefer to sell into rallies close to the 91.00 level.
Our profit targets will be 81.20 and 79.00
Resistance: 93.00 / 99.50 / 127.00
Support: 81.00 / 74.00 / 60.00
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Head and shoulders in Bitcoin chart
Unfortunately, a few days ago, when I saw this pattern on the Ethereum and Bitcoin charts, I forgot to record the Bitcoin chart in the ideas section and only recorded Ethereum.
There is no problem, there is a proverb that says, a fish is fresh whenever you take it out of the water.
TECHM - Head and Shoulder pattern All details are given on chart. If you like the analyses please do share it with your friends, like and follow me for more such interesting breakout charts.
Disc - Am not a SEBI registered. Please do your own analyses before taking position. This post is only educational purposes and not a trading recommendation.
ETHUSDT - WATCH OUT, Bearish Pattern ❗Hi Traders, Investors and Speculators 📉📈
Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. Daytime job - Math Teacher. 👩🏫
I'd like to point your attention to a bearish pattern forming on the 1D timeframe on Ethereum , a Head and Shoulders pattern is busy forming the final right shoulder. It's always tricky to say exactly where the pattern will correct to, but it is usually close to the zone where the pattern start's. This would give us a target between $1100 - $1200. A break above the head would invalidate this pattern ($2000). NOTE that this pattern may take some time to play out, since the last shoulder is still forming.
To consider a bullish reversal, we'll need to see a reliable bottom pattern form on a higher timeframe:
If you're interested in additional ways to make money with Crypto, check out this idea:
If you're interested in what affect the Russia-Ukraine war might have on the Euro in the coming winter months, and how this relates to Bitcoin, check out this idea:
Thank you for watching, tune in again tomorrow !
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CryptoCheck
Data confirms deflation, the euro is falling stronglyThe Markit Composite PMI and Services PMI for the Eurozone were just released, which recorded a noticeable decline against expectations. Where these two indicators indicate a decline in the conditions of the economy and confirm the predicament of the European deflation, as it came below 50 points. This is in light of the recent turmoil in Europe in general, and Germany in particular, due to the gas crisis that plunged the euro to its lowest level in 20 years.
The Markit Composite Purchasing Managers' Index for the Eurozone came to 48.9, down from 49.9, which is seen as a good indicator of economic health if it goes above 50, and vice versa.
The Services Purchasing Managers' Index recorded 49.8 after it was estimated to have registered 51.2 points. It gives a clue about the health of the service sector in the Eurozone. Traders keep a close eye on these surveys because purchasing managers usually have early access to data on their companies' performance, which can be an indicator of overall economic performance.