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Head and Shoulders

Shoulder on Shoulder - Need a dump this Week😥 The past week was complicated, and I don't want to bore you with all the political goings-on, which I hope you're already aware of. I'm a bit short on time right now, but I still wanted to share this perspective with you all. 💁‍♂️ It is Shoulder on Shoulder H&S everywhere! 💡 My concept of a plan: 🧗 Let's climb the Pinky way down 3289 - Actual Price 3271 - 🏁 S1 3232 - 🚪 Pink Neckline entry 3245 - 🤞 S2 & Head of White reverse H&S 3204 - 👀 Pink Start from Left Shoulder 3184 - 🎯 TP 1 - Fibo 1.272 3163 - 🎯 TP 2 - Fibo 1.414 or 3166 3134 - 🎯 TP 3 - Fibo 1.618 or 3154 3120 - 👀 Head of Yellow reverse H&S 3079 - 🎯 TP 4 - Fibo 2 🗣️ Important: FED Chair Powell speaking June 02 Mon at 1 PM EDT What are your toughts about this? Please write it in the comments. ------------------------------------------------------------------------- This is just my personal market idea and not financial advice! 📢 Trading gold and other financial instruments carries risks – only invest what you can afford to lose. Always do your own analysis, use solid risk management, and trade responsibly. Good luck and safe trading! 🚀📊
OANDA:XAUUSDShort
by Wick-Sniper
SPY Inverse Head & Shoulders Played Out Clean – Bounce from Buy Just wanted to follow up on the AMEX:SPY idea I published yesterday — this played out exactly as expected 👇🏾 We got that clean pullback right into the 588.50–589.90 buy zone, which aligned perfectly with high-volume support. From there, price reversed and gave us that upside move back toward 593+. Even more validating: the pattern that formed was a textbook inverse head and shoulders 🔹 Left Shoulder → formed near 586 🔹 Head → at the deeper 585 level 🔹 Right Shoulder → bounced cleanly off the buy zone 🔹 Neckline Break → confirmed the move above 591.12 This is why I always say: have your levels ready and wait for confirmation. No chasing, just execution. 🔑 Buy zone held 📊 Volume-backed support 📈 Continuation in progress Will continue monitoring for follow-through above 593.46. If bulls hold control, next resistance is near 596–597.
AMEX:SPYLong
by boiigtg
Go GOOGLE: Potential Fake Bearish H&S PatternTechnicals: I have my own way of seeing the markets technically. Currently, on a weekly and daily chart, it appears that Google has a Bearish Head and Shoulders Pattern. The last time that I checked, it was a fake weekly bearish Head and Shoulders Pattern. Weekly: This weekly bearish H&S pattern will fail! But if I am wrong, I am ready with an order at 136. It doesn't matter. Daily chart: Commentary: There is a higher probability that the market for Google is set to pivot this month in June 2025 from the current 160 levels to all the way to 208.70. Google will make all-time highs above 208.70 by end of September 2025; three months from now.
NASDAQ:GOOGLong
by Rocketman
GXO to $58 this year?Fundamentals: -GXO, a 3PL logistics company, a Nike/Apple supplier has more than 1000 warehouses worldwide -doubled it's revenue in 5 years -The global commerce is facing difficulties, if we see those get cleared, shipping can be hot for H2 2025 Technicals: -On buyout news it went to $63, but the plan failed -In tarrif routs fell to $30,46, all time low -The April candle is a bullish hammer candle, what putted an end to this decline -The 50MA was a springboard in 2024 october, before the buyout news, and the lost support when the buyout failed -In 2025 May, the stock broke above the 50MA -We have an inverse H&S formation, pointing towards $49, this is an R1 resistance level on the yearly pivot level. $49 we can have in few weeks, then the price will meet a lof of overhead resistance, so it's a good exit point for the short-term. -At $58 there is an unfilled gap, wich can be filled until the end of the year, or maybe in 2026, on the 2024Q4 earnings release.
NYSE:GXOLong
by totifex
6/3 Gold Analysis and Trading SignalsGood morning, everyone! Gold climbed to the 3370 area yesterday without showing any significant pullback, indicating that bullish momentum remains intact. After this morning’s opening, the price continued to rise, and from a technical perspective, there’s still room for further upside. The 3400 level is likely to be tested today, and if accompanied by increased volume, gold may extend gains towards the 3416–3438 resistance zone. From a tactical standpoint, a technical retracement after today’s rally is the base case scenario, and intraday trades can be structured within the broader 3440–3320 range. On the downside, the 3368 level is the first key support to watch, followed by 3352, which could serve as a pivot area if a pullback occurs. On the macro front, two economic data releases are scheduled during the US session, along with a Q&A session involving Fed’s Goolsbee, which could inject short-term volatility into the market. 📌 Trade Plan for Today: Sell within the 3416–3438 zone, with controlled position sizing; short-term strategy preferred. Buy near the 3338–3321 support area, with a defensive setup and tight risk control. Flexible trading levels to monitor: 3421 / 3413 / 3397 / 3386 / 3367 / 3358 / 3343 Strategy outlook: Adopt a “sell high, buy dips” short-term strategy today. Avoid chasing breakouts blindly; focus on rhythm and structure.
FOREXCOM:XAUUSDShort
by China_MsWang
AUDCAD | HnS Pattern | 500pips DownPrice action has continued selling off after retesting the previous breakout below the neckline and will be looking to hit another 500pips+ When looking at local price action on lower timeframes the double top rejection at ~0.90 has entered a distribution phase which is signaling price to fall further with the first target at 0.88 and so on. For price to hit the last target around 0.855 I would like to see a break first then a retest/distribution phase.
Short
by Nathanl19
SPY 1HR Pullback to Volume Buy Zone Before Bullish ContinuationI’m watching the 588.52–589.94 range as a high-probability buy zone on the SPY 1-hour chart. This zone aligns with a strong volume shelf, indicating prior institutional accumulation and heavy transaction flow. After a sharp move into the 591s, we’re seeing some hesitation and potential for a healthy pullback. The plan is to wait for price action to return to the buy zone, show signs of strength (e.g., hammer candle, strong bounce), and look for a continuation toward the previous high of 593.46 and possibly higher. 🔹 Buy Zone: 588.52–589.94 🔹 Volume Profile Support: High node at ~589 🔹 Resistance: 591.12 short-term, then 593.46 🔹 Stop Loss: Below 586.76 to avoid false breakouts 🔹 Target: 593.50+ with higher timeframe continuation in mind
AMEX:SPYLong
by boiigtg
2
UPB - 4 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. ═════════════════════════════
NASDAQ:UPBLong
by TheArtOfCharting
Possible Reverse Head and Shoulders?👁️‍🗨️ The strong uptrend yesterday, followed by the downtrend during the Asian session, has built a possible inverse head and shoulders pattern (30 min chart) 🤷🏼‍♂️. ⏫ If an uptrend follows today, the pattern will be complete. The right shoulder began around $3287, which isn't far from the current price. 👀 Keep an eye on this, as it could drop lower while still keeping the structure intact. ⚡ What's very interesting is that the downward trendline (strong resistance) crosses the neckline support if the time window allows. 🙏 Possible target points: TP 1: $3358 TP 2: $3382 What are your toughts about this? Please write it in the comments. ------------------------------------------------------------------------- This is just my personal market idea and not financial advice! 📢 Trading gold and other financial instruments carries risks – only invest what you can afford to lose. Always do your own analysis, use solid risk management, and trade responsibly. Good luck and safe trading! 🚀📊
OANDA:XAUUSDLong
by Wick-Sniper
2
NZDCHF Head and Shoulders Sell Set Up ?Hello Traders, I have been watching this pair like a hawk only to see that we have has some interesting price action forming. We have seen price fail to break our marked resistance level of 0.49896 having been tested twice already. As price has tried testing for a third time we can see a lard body bearish rejection candle which I have circled, this is our signal that we can anticipate further weakness from this pair. As always I have taken a 50% retracement of the signal candle as my entry, with stop loss above the candle wick high. My take profit I have targeted at the last support swing level as I believe this pair does have potential to move into much lower prices. If I see the momentum change in price, I may adjust this to 3x my risk but I will watch this pair and see what price action we have in the next few days and weeks. Best of luck on charts !!!
Short
by hamzah_mahmud