Head and Shoulders
GOLD UPDATE
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CME Gap Fill IdeaShort until the gap, then long.
Daily S&P E-mini futures chart, a failure to remain above the 200 EMA and failure to reach the 200 MA, now pushing on the 50 EMA and MA and a confirmed death cross.
We have a CME gap between 5332-5355 (so approx 5345ish as a target).
Scenario here is a move down to the gap to act as a springboard to get back above the 50/200 EMAs and MAs and have it cross back over.
Resistance area aligns with 200 MA.
Pattern formed looks like an inverted HS or possibly a quasimodo.
Be careful with buying USDJPY!!!Hello traders this is a trade that almost everyone sees it coming but it is too good to be true.
We have a clear breakout of this downtrend.
An inverted head and shoulders some might say cup and handle.
A lot of ppl (including me) are going to put their SL inside this zone but that can be dangerous I recommend taking a better entry or just leaving this trade bcz it is too risky. Do not be a victim of FOMO.
Lets wait for the bounce first then we will secure our position that is all I am saying and do not simply enter after the trendline touches the trendline because this might be a very strong downtrend.
RDNT/USDT 4H Chart: Inverted Head and Shoulders? Hey traders! Let’s dive into this 4-hour RDNTUSDT chart.
Radient Capital is setting up a classic pattern that could signal a big move!
We’re seeing an inverted head and shoulders forming, with the price breaking above the resistance of Wedge around $0.2290. The "head" bottomed out near $0.1590, with the shoulders forming at higher lows.
If this pattern plays out, we could see a bullish surge targeting $0.2650 and higher!
However, if the breakout fails, we might see a pullback to the shoulder low at $0.2160 or even the support at $0.1974.
Key Levels to Watch:
Resistance: $0.2650
Support: $0.2160 (shoulder)
Breakout Target: $0.2650+
Breakdown Risk: $0.1974
Is RDNT ready to soar, or will this breakout fail? Drop your thoughts below!
BTC is suggesting a potential bearish reversalBitcoin (BTC) is currently exhibiting a head and shoulders pattern near the $96K– GETTEX:97K resistance zone, suggesting a potential bearish reversal. This pattern, characterized by three peaks—the middle being the highest—indicates that the upward trend may be weakening .
The Federal Open Market Committee (FOMC) meeting on May 7, 2025, is a pivotal event for BTC. While the consensus anticipates that the Fed will maintain current interest rates, the market is keenly awaiting Chair Jerome Powell's remarks for hints of future monetary policy directions. A dovish tone could bolster BTC prices, whereas a hawkish stance might exert downward pressure .
Technical analysis reveals that BTC has been trading within a range of $93,399.86 to $97,625.81 over the past 24 hours, with the current price around $96,362. The Relative Strength Index (RSI) stands at 58, suggesting that BTC is approaching overbought territory but hasn't crossed it yet .
A significant support level lies around $88,700, where substantial liquidity could trigger a price rebound if tested. However, if the head and shoulders pattern confirms a breakdown, BTC might retest lower support levels, potentially around $78,000 .
Actionable Insight: Traders should closely monitor the neckline of the head and shoulders pattern and the outcome of the FOMC meeting. A break below the neckline with increased volume could signal a bearish trend, while a dovish Fed stance might invalidate the pattern, leading to bullish momentum.
More Analysis and Trading Ideas on SorooshX
NOTCOIN : IT'S TIME TO BUY GUYSHello dears
If you are risk-averse, this analysis is for you...
According to the bullish pattern that has formed, you can see that we had a decline and now it is time to take a logical risk, that is, we buy at the specified levels with capital management to move towards the specified goals...
*Trade safely with us*
Supply and Demand Zones 5/6/25 and 5/7/25 $NQChart link: www.tradingview.com
On the 4HR chart, price is setting up for a head and shoulders pattern, but there has been solid break and retests of past levels to allow price to move up into the Daily supply above. Given the previous news released today from Trump that there is 'talks' to get settled with Canada and China tariff prior to FOMC, I expect a large move to take place between tomorrow and Thursday.
If we have a continued strong bounce off the 30MIN demand and 1/4HR imbalance zones and break over 20273, then I will consider a long into the 20390 4HR imbalance above (50%) and the daily supply above of 20440 (50%).
If we have bearish order flow where we break through the demand zone (break and retest) to go lower, then I will consider shorts towards 19600/19100/18700 demand and previous breakout levels.
Scalping ideasThis layout is specifically optimized for high-precision scalping on the SPX500 index. It features a clean, minimalistic design focused on speed, clarity, and efficiency. Key components include multiple timeframes (1-minute, 5-minute, and 15-minute charts) to monitor short-term price action and trend shifts. High-volume zones, VWAP, and dynamic support/resistance levels are plotted to capture key intraday reactions. Integrated order flow tools and real-time momentum indicators allow for quick decision-making during volatile moves. Perfect for active scalpers looking to catch micro-movements and capitalize on rapid price fluctuations with tight risk control.
Gold - All eyes on Wednesday 08 May - FED🟡 Gold Traders: Nothing Matters Until Wednesday! ⏳💤
Hey traders! 👋
This week, all eyes are on Wednesday... and everything before that? Mostly noise.
Let me break it down for you. 👇
📊 Technical Outlook
Gold is chilling above a key resistance level right now.
Trendlines suggest we won’t see any major moves before Wednesday unless big news drops. 📰
🕐 Asian session is kicking things off above resistance.
If bulls show up there, we could break Trendline 1 (Image below) and head towards the $3300 🎯 target.
📉 RSI across multiple timeframes? Pretty neutral.
If Asia trades flat or slightly bearish, gold might range between $3210–$3250.
Break below $3201, and things could get shaky... but the European session might push us back above that support.
U.S. session on Monday? Likely a sideways snoozefest 😴 (unless surprise news hits).
🎯 Trade Setup (Mon–Wed)
I’m looking to play the range between:
$3261 (Trendline 2) 🔼 and $3169 (Trendline 4) 🔽
That’s a comfy $90 window I’m aiming to trade before Wednesday's fireworks. 🚀
🔮 After Wednesday – The FED Factor 💣
Here’s the real catalyst:
Wednesday, May 7 at 2:00 PM EST – FOMC Rate Decision
If the FED cuts rates (not likely, but possible under pressure), gold could tank hard. 💥
I’m talking a potential drop to $3150 or lower 🕳️📉
That’d be a -$90+ move easy.
FED has been holding the line 💪, resisting pressure (especially from Trump back in the day), but if the economy flashes red, that rate cut might come sooner than expected.
🧠 Final Thoughts
FED paused hikes, but left the door open for 3 rate cuts this year.
Until we get more clarity, no strong bullish signals on gold.
My bias stays: Bearish unless proven otherwise. 🐻💬
Stay sharp out there, and watch those sessions. Wednesday’s the real deal! 💼📉
And last but not least, look at this and let us know what you think about please:
Some would say its impossible but as we know, gold can do everything!
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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! 🚀📊
USDJPY: Detail Technical Analysis and USDJPY CharacteristicsIn this long video, I go through USD/JPY short idea in 2 parts:
Part 1: Detailed Technical Analysis and Elliott Waves
1. Head and shoulders - daily
2. Completion of Elliott Waves
3. Breaking down of A-B-C
4. Measurement rules on profit targets.
Part 2: USDJPY as a product (characteristics)
1. It's a flight-to-safety product similar to Gold
2. thus also a short equity markets product.
2. It is a short dollar product.
SOLUSDT Reversal Brewing — Watch This Level or Get Wrecked!Yello Paradisers — Are you paying attention to #SOLUSDT? Because what’s forming right now isn’t just noise — it’s a high-probability reversal setup that could trap the late bulls or become the kind of move that sets the tone for the next few weeks. Either way, the next play is going to separate professionals from gamblers. Let’s talk.
💎#SOLUSDT has been printing textbook bearish price action for weeks — lower lows and lower highs on the major time frame. But something critical has just changed. A break in market structure has occurred, and we’ve now got a higher high. That’s your first probable signal that the tide may be turning. Now comes the most important test — can we form the higher low to confirm this shift?
💎What makes this setup even more interesting is that we’re not just seeing a random bounce. SOL is in the middle of potentially probable completing two major bullish reversal patterns — an inverse head and shoulders and a Quasimodo. The left shoulder and neckline are already locked in. The right shoulder? Still cooking. But here’s the thing — the previous resistance, which aligns perfectly with where the right shoulder could form, is lining up as a textbook retest zone. That means we could get the higher low right there, completing both patterns at once.
💎Right now, price is struggling against multi-timeframe resistance, and that’s exactly what we want. It increases the probability of a short-term pullback to the key zone — around 110.9 to 115 — before the real breakout happens. If that level holds, and we print a confirmed higher low, this whole setup becomes explosive.
💎First area of resistance sits at 153, but that’s just the appetizer. The main zone we’re looking at is 173 to 181. That’s the bigger move that this structure is potentially building toward. But let’s be clear — if SOLUSDT closes a candle below 110.9, the entire setup gets invalidated. That level is your line in the sand.
This is the kind of setup we live for — clean structure, clear invalidation, and serious upside potential. But don’t rush it. The market will reward the ones who wait, not those who chase. Let others panic. Let others fomo. You focus on execution.
Trade smart, Paradisers — and always remember, only a few will catch the real move. Be one of them.
MyCryptoParadise
iFeel the success🌴
Wajani Investments: Wheat analysisWheat has formed a very strong Head and Shoulder with a bearish wedge or descending triangle . This can be seen from both monthly, weekly and daily timeframes. All these points to lower prices in the weeks ahead. In this market you can risk a 1:3
Remember to always adapt or make changes as the market changes.
Let me know your thoughts.
Decoding the VIX Crab Head and Shoulders.The formation of the butterfly pattern mentioned in the previous idea is quite intriguing! As we discussed before, the VIX index level of 28-29 is as a crucial threshold for our Crab strategy.
Currently, we are witnessing the development of a head and shoulders pattern within this butterfly formation, which adds an exciting layer to our analysis.
It's fascinating to see how these technical indicators can guide our trading decisions, and I hope you're as enthusiastic about this potential opportunity as I am! Let's keep an eye on these patterns and see how they unfold in the coming days.
DIXON – Complex H & S Pattern Formed – Bearish Outlook📉 DIXON – Complex Head & Shoulders Pattern Formed – Bearish Outlook
Timeframe: 15-minute chart
Date: May 5, 2025
🔍 Chart Pattern Observed:
DIXON has formed a Complex Head and Shoulders (H&S) pattern, which is typically a trend reversal pattern. This specific setup consists of:
Two Left Shoulders (LS#1 and LS#2)
One Central Head
Two Right Shoulders (RS#1 and RS#2)
This complexity often adds higher reliability to the pattern due to multiple retests of key resistance zones.
📊 Technical View:
The neckline of the H&S pattern has been tested multiple times.
Currently, the price is hovering near the end of Right Shoulder #2, which suggests the possibility of a near-term top.
A break below the neckline with strong volume could trigger a sharp downside move.
📉 Bearish Scenario Projection:
Once the neckline is decisively broken, downside targets could extend toward the ₹15,000–₹14,600 zone.
This matches the height of the head projected downward from the neckline.
🛑 Risk Management:
Invalidated if price closes strongly above ₹16,900, breaching RS#2 high.
Watch for breakdown confirmation with volume spike and bearish follow-through candles.
🔔 Conclusion:
DIXON shows signs of exhaustion after a strong uptrend and has printed a reliable complex reversal pattern. Traders should watch for confirmation below neckline support to initiate short positions. Be patient and wait for a clear trigger to avoid premature entries.
📌 Disclaimer: This analysis is for educational purposes only and does not constitute trading or investment advice. Always consult your financial advisor before making any trading decisions.