Possible H&S MSFT Possible H&S here. I'll watch the reaction at the neckline.
Trade with care and good luck everyone!
Head and Shoulders
GBPAUD: Intraday Bullish ReversalGBPAUD reached a key support level on Friday and subsequently formed an inverted head and shoulders pattern, resulting in a bounce and a break above a descending trend line.
This signals strong buying momentum and implies that the market may continue to rise.
The next resistance level to monitor is at 1.9424.
GBPAUD: Intraday Bullish Reversal📈GBPAUD hit a significant level of support on Friday and then formed an inverted head and shoulders pattern, leading to a bounce and a break of a descending trend line.
This indicates strong buying pressure and suggests that the market could continue to rise.
The next resistance level to watch for is at 1.9424.
SUPPORT AND RESISTANCE From the analysis we can see a short bear power coming we are taking a short position to confirm the downward movement and the change of positioning of the British and the Turkish lira you can find the head and shoulders pattern
NEW!! The 2 Indicators for the Dip Buy Fishing StrategyAm working on developing a better
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and so am inviting you
on this trading journal
as I am trying to
figure out the best trading
strategy for FOREX trading.
in this chart FX_IDC:EURGBP
you will notice
the rate of change at 2 days
Then right below is the
MACD indicator catching the
weekly trend up
This is a dip-buying strategy
I will call it the "fishing strategy"
which involves two indicators
Rate of change
MACD
Am still working on this system
but I thought i share with you with my thoughts
either way
Trade safe.
Also remember to rocket boost this content to learn more.
Disclaimer: Trading is risky you
will lose money
whether you like it or not, please
use risk management and
profit-taking strategies.
SOL.JSE Sasol Prints a Reverse Cup & Handle?Sasol Prints a Reverse Cup & Handle Pattern which could be Bullish.
The Price pattern might retrace to form an Inverse Head and Shoulders.
This Ticker is under extreme Duress due to many factors as we all know, so needs to be Traded and not held IMO.
Use a tight Stop-loss if in.
As always, please get a few outside Expert's Advice before taking Trade or Investment Decisions.
Should you appreciate my Chart Studies, Smash That Rocket Boost Button. It's Just a Click away.
Regards Graham.
SMART MONEY TOOLHELLO everyone❤... this is for educational purpose, the previous idea i published , you can see that "sellside liquidity"($ NYSE:L ) was not swept , you must compare assets that are closely correlated "ALWAYS"...Identify Key Times: Look for SMT divergence during significant trading times, such as the London and New York market openings, as these periods often see increased volatility and institutional activity...
Head and shoulderAscending channel breakout followed by a complete head and shoulder
I expect a bearish move during next week
AGHOL - 5 months HEAD & SHOULDERS (Sloping Down)══════════════════════════════
Since 2014, my markets approach is to spot
trading opportunities based solely on the
development of
CLASSICAL CHART PATTERNS
🤝Let’s learn and grow together 🤝
══════════════════════════════
Hello Traders ✌
After a careful consideration I came to the conclusion that:
- it is crucial to be quick in alerting you with all the opportunities I spot and often I don't post a good pattern because I don't have the opportunity to write down a proper didactical comment;
- since my parameters to identify a Classical Pattern and its scenario are very well defined, many of my comments were and would be redundant;
- the information that I think is important is very simple and can easily be understood just by looking at charts;
For these reasons and hoping to give you a better help, I decided to write comments only when something very specific or interesting shows up, otherwise all the information is shown on the chart.
Thank you all for your support
🔎🔎🔎 ALWAYS REMEMBER
"A pattern IS NOT a Pattern until the breakout is completed. Before that moment it is just a bunch of colorful candlesticks on a chart of your watchlist"
═════════════════════════════
⚠ DISCLAIMER ⚠
Breakout Area, Target, Levels, each line drawn on this chart and any other content represent just The Art Of Charting’s personal opinion and it is posted purely for educational purposes. Therefore it must not be taken as a direct or indirect investing recommendations or advices. Entry Point, Initial Stop Loss and Targets depend on your personal and unique Trading Plan Tactics and Money Management rules, Any action taken upon these information is at your own risk.
═════════════════════════════
CRDA - 3 months HEAD & SHOULDERS══════════════════════════════
Since 2014, my markets approach is to spot
trading opportunities based solely on the
development of
CLASSICAL CHART PATTERNS
🤝Let’s learn and grow together 🤝
══════════════════════════════
Hello Traders ✌
After a careful consideration I came to the conclusion that:
- it is crucial to be quick in alerting you with all the opportunities I spot and often I don't post a good pattern because I don't have the opportunity to write down a proper didactical comment;
- since my parameters to identify a Classical Pattern and its scenario are very well defined, many of my comments were and would be redundant;
- the information that I think is important is very simple and can easily be understood just by looking at charts;
For these reasons and hoping to give you a better help, I decided to write comments only when something very specific or interesting shows up, otherwise all the information is shown on the chart.
Thank you all for your support
🔎🔎🔎 ALWAYS REMEMBER
"A pattern IS NOT a Pattern until the breakout is completed. Before that moment it is just a bunch of colorful candlesticks on a chart of your watchlist"
═════════════════════════════
⚠ DISCLAIMER ⚠
Breakout Area, Target, Levels, each line drawn on this chart and any other content represent just The Art Of Charting’s personal opinion and it is posted purely for educational purposes. Therefore it must not be taken as a direct or indirect investing recommendations or advices. Entry Point, Initial Stop Loss and Targets depend on your personal and unique Trading Plan Tactics and Money Management rules, Any action taken upon these information is at your own risk.
═════════════════════════════
btc in reverse Head and Shouldersthe **reverse Head and Shoulders pattern** signals a possible bullish reversal, and if Bitcoin breaks the resistance with strong volume, it could lead to a significant upward move. The current pullback and neutral RSI suggest the market is in a wait-and-see mode, but the setup looks promising for a potential price increase. What do you think?
EUR/JPY: Bullish trendline breakOn the daily chart, there is a clear break of a downtrend line with a confirmed weekly close above it - unlike during the liquidity grab where the price broke higher but then closed the week under the trendline.
This broken trendline and Friday’s low at 161 is now support. Should the price be able to break above the August peak, a next possible upside target is 167.5 (the 61.8% Fibonacci retracement of July-August drop.
But that’s just what we think, do you agree or disagree?
Send us a message and let us know
Happy Trading!
Jasper, WeTrade Market Analyst and Founder of Trading Writers.
Bearish Head & Shoulders on ZECBearish head and shoulders idea on ZEC
Idea's confirmation: below $24.4
Idea's cancellation: above $32.5
Alikze »» APT | Forming a head and shoulders pattern - 2D🔍 Technical analysis: Forming a head and shoulders pattern
- It is moving in an ascending channel in the daily time frame.
- After the touch neck line and also the failure of swing and poleback to it, it has continued its growth up to the ceiling of the channel.
- Currently, an AB=CD pattern is formed.
- In addition, a head and shoulder pattern is also observed in the daily and weekly time frames.
- Therefore, it can have another growth in the middle of the channel after a temporary correction, up to the area of the width and roof of the channel.
💎In addition, it can continue its growth until the next supply zone after the failure of the supply zone and pullback to it.
🚨 Note: The support area of 6.25 is the validity area of the analysis, if the candlestick stabilizes below the area, the bullish pattern will be invalidated. 🚨
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BINANCE:APTUSDT
Bitcoin: looks like we're on track (check previous post)In my previous post I talked about a potential head & shoulder forming. Now, a while later, it shows that it is actually following the idea. This could be a big indicator that the market is done with accumulating and making itself ready for a good old pump.
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Is LINKUSDT About to Trap Beginners Before a Big Move?Yello, Paradisers! Is LINKUSDT setting up a trap for beginner traders before making a strong reversal? Let's break down what we're seeing right now.
💎Currently, LINKUSDT is respecting the supportive trendline, but this setup might be a trap for those blindly buying in. There’s a high likelihood that the market will first liquidate traders placing orders along this trendline before making a more meaningful bounce from the actual support zone below.
💎For confirmation, we need to see a shift in market structure, specifically a bullish I-CHoCH (Internal Change of Character) from the support area. Other bullish reversal patterns, like a W pattern or an Inverse Head and Shoulders, would also validate a potential bounce from this zone.
💎If LINKUSDT falls further, we'll look to the strong demand zone below for a high-probability setup. This zone remains unmitigated, meaning it hasn’t been tested yet, increasing the chances of a bullish reaction. However, if the price breaks down and closes below this demand zone, our bullish idea will be invalidated.
💎But here's the twist: should LINKUSDT rise back above this zone after a breakdown and then show bullish signals, it would actually strengthen the bullish outlook even more.
Stay sharp, Paradisers, and remember—patience is key when waiting for the best setups. 🎖
MyCryptoParadise
iFeel the success🌴
Silver Poised for Breakout:Why $38 Could Be a Realistic Target?When it comes to medium-term speculation, Silver ( OANDA:XAGUSD ) can sometimes be more profitable than Gold, especially when your timing is right. I believe this could be one of those times.
Since the beginning of August, when Silver found strong support and reversed with a bullish engulfing pattern, the price has been rising in a constructive manner. We've seen higher lows on the chart, with each broken resistance level being confirmed as new support.
Currently, Silver is approaching a key resistance level and appears to be pushing for an upward breakout. Additionally, the price structure over the past few months has formed an inverted head and shoulders pattern, further signaling strong bullish momentum in the medium term.
With the Non-Farm Payroll report just a few hours away and considering the strong buying pressure on precious metals, I expect this level to break.
Based on the measured target from the pattern, a move toward $38 per ounce is realistic, which could mean a potential profit of 6,000 pips for those willing to hold this trade with patience.
In conclusion, I plan to buy Silver with a year-end target, using $31 as the invalidation point, offering a solid risk-reward ratio of 1:6.
FTT USDT- CLICK HERE TO CHECK ITWe can expect a rejection from the above resistance levels, RSI is also in the overbought region.
[NVDA] Give it another tryThere's a beautiful pattern on NASDAQ:NVDA daily chart about to complete. The 1st attempt was failed, now it wants to give another try.
MACD downtrend line has been broken...usually price follow suit...but in the market, always prepare for the un-norm.
Cherio...
CHAINLINK - Copium!!!!!!Chainlink Copium prediction - with a recession looming it can create the final dip back to the previous mid range of the range from 2022/23, caused by the head and shoulder coated over the past yr, also lining up with the POC of the range. This can be the second wave. which then kicks off the delayed bull run that alts have been waiting for. Creating a 5 wave move targeting around the $100 psychological lvl.
BIG COPIUMM!!!!!!
TONUSDT: High Probability SetupsYello Paradisers! 🚨 If TONUSDT corrects lower, we could see a potential bounce from the identified demand zones. But for this to happen, we need confirmation.
💎TONUSDT needs to display a Change of Character (I-CHoCH) on the lower time frames, which would shift the structure to a bullish outlook and strengthen the likelihood of a bounce from this zone.
💎If the price falls below the initial zone, it could drop to our stronger demand area below. Don’t forget that there’s a supportive trendline in this region, which could act as an inducement for price. To validate this setup, look out for bullish patterns like a W pattern, Inverse Head and Shoulders, or signs of bullish divergence—these will make it a higher probability move to the upside.
💎However, if we see a strong candle close below these levels, it would invalidate this setup, and we would need to reassess the scenario. Remember, TON is fundamentally solid, so the focus should be on high-probability long setups. Patience and precision are key here, Paradisers!
Stay strategic and wait for the best opportunities—consistency is what sets the pros apart from the rest.
MyCryptoParadise
iFeel the success🌴
Head and Shoulders top The target of the head and shoulders top takes the price down to the long term trend line which will act as a key level of resistance. Some 19% fall from today prices
Breakdown of the 200 EMA will cause the price to drop to the next key level of support and this is about 18-19% lower
EURCAD: Waiting For Breakout EURCAD is currently in a pronounced downtrend. Following a test of a key support level on the 4-hour chart, a small inverted head and shoulders pattern has emerged on the 1-hour timeframe.
To consider going long on the pair, watch for a head and shoulders pattern on the 1-hour chart and wait for a breakout above the neckline at 1.4946 to confirm buyer strength.
If this occurs, a bullish movement towards the 1.5000 support level can be anticipated.
