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Headandhsoulders

NZDUSD > Confirmed Head and Shoulder, More Downside!!Analysis of #NZDUSD Hi traders, today we will have a look at #NZDUSD The NZDUSD broke its trendline support and became trendline resistance, and as you can also see we have a confirmed head and shoulders pattern, it is confirmed head and shoulders pattern because we broke the neckline support. I expect the NZDUSD to continue down to test the next level of support near 0.61500. I hope you guys found this helpful, if you are new here click on follow, to get these ideas delivered straight to your email inbox, I will see you guys at the next one Thanks for your continued support!
Short
by TheTradersAvenue
20
ETH update (H&S pattern awaiting confirmation-s?) In this chart I have drawn a channel containing and highlighting the H&S pattern developed by PA. the first shoulder and the head developed as a double top, and the second shoulder as a confirmation for the double top. Now the last thing to wait for is a confirmation of the H&S pattern. I see two possible scenarios, the first one with one confirmation and then dump, which honestly I see as unlikely to happen. Usually PA has a fractalic behavior, which makes me think that we are going to see a double confirmation on the H&S pattern similarly to what happened in the case of the double top, with maybe a smaller H&S pattern developing under the channel as a confirmation.
BITSTAMP:ETHUSDShort
by ManuNotWill
1
10-Year Treasury Yield Faces Head & Shoulders, Lookout Below?The 10-Year Treasury yield has been consolidating since April as traders grappled with inflation and recession woes. Now, a bearish Head & Shoulders chart formation is prevailing. At the time of publishing, prices finished forming the right shoulder and were trading at the neckline, which seems to be around 2.70. This is as the 100-day Simple Moving Average is holding up as support. It could still maintain the dominant uptrend. Otherwise, confirming a breakout under the neckline and the moving average may open the door to a broader reversal. Key levels to watch to the downside include the 61.8% and 78.6% Fibonacci retracements at 2.36 and 2.05 respectively. Beyond the latter sits the March low at 1.66. Overturning the Head & Shoulders entails a push above the right shoulder, which is just below 3.15. TVC:US10Y
TVC:US10Y
by QM_Dubrovsky
3
Previous Ideas Updates. Target AcheivedTargets set in previous ideas MET. SO WHAT'S NEXT ? Before discussing that, i will like to address some points :- 1) In this idea i acknowledged that i am wrong and BTC is looking certainly bearish and cleared my stance on it :- 2) This idea i posted was about what good position i was looking at and took for short entry :- 3) Finally after seeing how price is unfloding i decided to finally accept deep downside to 20k or below in BTC here in this idea :- 4) ETH idea about macro view on ETH :- 5) ETH short position idea post :- If you do support these ideas you can show your support using likes and comment that would be really appreciated. AND if you would like to hear about to follow up from me and possible proabilities then please hit me up below in comment section. If you would like to check any other stock or asset class then please do lemme know below. None of this is financial advice. DOYR.
INDEX:BTCUSD
by StunnerStock
AUD/USD weeklyHello everyone. I hope you are all doing well. Today I want to share with you my view of the AUD/USD weekly chart. The first suggestion for you is to go to the monthly chart where you can see the reverse head and shoulders formation (which is a very strong sign of bulls in the long run; but as you know the monthly chart suggests a long period of time, and playing reverse head and shoulder formation on the monthly chart can take months, so it is necessary to look at the situation from a short-term perspective). When we look at the weekly chart - we have a few bearish moments. First, you can see that the pair tried to climb higher, even above the swing high from October 25, 2021. However, we see that the attempt failed and the pair returned below 0.7560 and formed a bearish grabber that suggests downside continuation. So, my suggestion is that, in accordance with your strategy, short this pair whenever the chance arises.
Short
by merjemascerija
4
USDJPY possible scenario🦐USDJPY on the 4h chart reached the monthly resistance and started a retracement move to the 0.382 Fibonacci level. The market failed to break the support area with a pattern that could look like a H&S at the top of trend. The resistance area is the path of this pair and will difficult for bulls to break it at the 2nd attempt too. At this stage the price provide us 2 possible scenario: - if the price will break above the resistance we can look for a nice long order and a bullish continuatiom - if the price instead will break the support of the 0.382 we can expect some deeper retracement and we can look for s short position ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger
by InkyGrip
8