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Head and Shoulders

BTC, clear H&S top - more down to comeIt looks as though we have a head and shoulders top in play with BTC. Left, head and right are clearly marked on the diagram. If, the red neckline should be broken then we go down to the 70s which will present a wonderful buying opportunity for those who are not in or want to buy a little more. Long-term, we're still very much on the upward trend but be careful if you have any day trades for longs as the most likely probable outcome is down. Follow for more.
by cryptechcapital
Buy gold first, then short gold at the right timeBros, after reaching the 2622 level, gold has gradually pulled back and is now trading near 2600. Fortunately, we managed to capture the short-term peak and closed our long positions near 2622, successfully locking in profits. However, following the pullback, I have re-entered long positions in gold. I initiated a buy position around 2606, and as gold dipped further to approximately 2600, I added to my position with the same lot size. The psychological support level at 2600 remains a critical threshold, and it’s unlikely to be decisively breached in the short term during the market’s tug-of-war. Therefore, gold bulls may recover some ground during this phase, which is why I remain committed to taking long positions in the short term. That said, given the strength of bearish momentum as gold declines, expectations for the rebound’s upside potential should be adjusted downward to the 2610-2615 range. If gold’s momentum remains weak after testing this range, we can then consider initiating short positions once again. Bros, are you bullish on gold rebounding and regaining some lost ground? If you want to learn more detailed trading ideas and get more trading signals, you can choose to join the channel at the bottom of the article to make trading no longer difficult and make making money a pleasure!
OANDA:XAUUSDShort
by Trader_Marvin
Soybean Meal(ZM) Stock Quote | Chart & Forecast SummaryKey Indicators On Trade Set Up In General 1. Push Set Up 2. Range Set up 3. Break & Retest Set Up Notes On Session # Soybean Meal(ZM) Stock Quote - Double Formation * 350.00 USD | Completed Survey | Subdivision 1 * Inverted Head & Shoulders | Configuration Entry Bias - Triple Formation * 012345 | Wave Count Analysis | Subdivision 2 * Retracement Numbered | Wave 3 Condition * Daily Time Frame | Behavioural Settings | Subdivision 3 Active Sessions On Relevant Range & Elemented Probabilities; European Session(Upwards) - US-Session(Downwards) - Asian Session(Ranging) Conclusion | Trade Plan Execution & Risk Management On Demand; Overall Consensus | Buy
CAPITALCOM:SOYBEANMEAL
by TradePolitics
Bearish Head & Shoulders Pattern Looms On BTCThe price of bitcoin is dangerously close to the neckline of the head and shoulders pattern. Will it find support and work its' way higher? It's already trading below the 20 and 50 day moving averages, and the 200 day is a long way away, so it won't find support there. Or will it continue down through the neckline and set up an new base below this one? I have no idea, and anyone telling you that they do is a liar. But if you're buying here be careful. NVDA recently had a very similar set-up. I bought it as it turned back up, after I believed it had found support below the 20 and the 50 day. So far that trade has worked out for me, but that doesn't mean that BTC will do the same.
BITSTAMP:BTCUSD
by CardinalRuleTrader
Dow to drop into bear market but first bounce at 36k H&S patternBearish case Dow to drop 20% from ATH to be into a bear market 20% from ATH = weekly 200 EMA so banks will try and hold the price at 36k I think it bounces here and then eventually fails and we get a big equity bear market We have two H&S patterns that together take us below 36k if their targets are met be a nice trade if it bounces at 36k off the 200 EMA to get in and out and add to short again without being slapped in the face. At which max bounce point off the (36k) look for the rest of the equities to go short on of stocks that have broken their key levels of support. Or look for dow stocks that are leading the way down because they already broke their weekly 200 EMA and are the weaker members of the pack.
BLACKBULL:US30Short
by William_Playfair
Tide Turning For Bitcoin? Reserves And Netflows Show ReversalBitcoin, the world's first and most well-known cryptocurrency, has experienced a rollercoaster ride since its inception. From its meteoric rise to its dramatic crashes, Bitcoin has remained a topic of fascination and debate for investors and financial analysts alike. In recent times, several factors have contributed to a sense of uncertainty surrounding Bitcoin's future, including regulatory scrutiny, market volatility, and concerns about its environmental impact. However, recent developments, such as increasing institutional adoption and positive netflows, suggest that the tide may be turning for Bitcoin. Bitcoin Institutional Adoption Accelerates as ETFs Show Investor Appetite One of the most significant indicators of Bitcoin's growing acceptance is the increasing interest from institutional investors. Traditionally, institutional investors have been hesitant to invest in Bitcoin due to its volatile nature and lack of regulatory clarity. However, as the cryptocurrency market matures and regulatory frameworks become clearer, more and more institutions are beginning to see the potential of Bitcoin as an investment asset. This growing institutional interest is reflected in the recent surge in for Bitcoin exchange-traded funds (ETFs). ETFs are investment funds that track an underlying asset, such as a stock index or a commodity. They offer investors a convenient way to gain exposure to an asset without having to directly own it. Recent Reserves and Netflows Indicate Market Reversal In addition to increasing institutional adoption, recent data on Bitcoin reserves and netflows also suggest that the market may be reversing. Bitcoin reserves refer to the amount of Bitcoin held on cryptocurrency exchanges. A decrease in Bitcoin reserves indicates that investors are withdrawing their Bitcoin from exchanges, which is often a sign of accumulation and a bullish signal. Netflows, on the other hand, refer to the difference between the amount of Bitcoin entering and leaving exchanges. Positive netflows indicate that more Bitcoin is entering exchanges than leaving, which can be a sign of selling pressure and a bearish signal. Recent data shows that Bitcoin reserves have been declining, while netflows have turned positive. This combination of factors suggests that investors are accumulating Bitcoin and that selling pressure is decreasing. These are both positive signs for the Bitcoin market and could indicate that a reversal is underway. Bitcoin Price Analysis: Navigating Volatility and Key Levels Despite these positive developments, Bitcoin's price remains volatile and subject to market fluctuations It has been noted a potential 'head and shoulders' pattern, a bearish technical indicator, which could lead to a significant price drop. This pattern suggests that Bitcoin's price could fall to as low as $80,000. However, there maintain a more bullish outlook, emphasizing the importance of the $90,000 level. It is argued that if Bitcoin can maintain this level, it could pave the way for further price appreciation. Conversely, if Bitcoin fails to hold this level, it could trigger a sell-off and push the price down to $80,000. Conclusion: A Cautious but Optimistic Outlook for Bitcoin In conclusion, several recent developments suggest that the tide may be turning for Bitcoin. Increasing institutional adoption, as evidenced by the surge in Bitcoin ETF filings, indicates a growing acceptance of Bitcoin as an investment asset. Positive netflows and declining reserves further support this notion, suggesting that investors are accumulating Bitcoin and that selling pressure is decreasing. However, it is important to remain cautious. Bitcoin's price remains volatile, and various factors could impact its future performance.13 The cryptocurrency market is still relatively young and subject to regulatory changes, technological advancements, and shifts in investor sentiment. Therefore, while the recent developments are encouraging, it is crucial to approach Bitcoin with a balanced perspective. Investors should conduct thorough research, understand the risks involved, and make informed decisions based on their individual circumstances and risk tolerance. Overall, the outlook for Bitcoin appears cautiously optimistic. The increasing institutional adoption, positive netflows, and declining reserves suggest that the market may be reversing. However, it is important to remain vigilant and adapt to the ever-changing dynamics of the cryptocurrency market.
BITSTAMP:BTCUSD
by bryandowningqln
#LINK Head and Shoulders Formation Points to Potential DownsideChainlink (LINK/USDT), Head and Shoulders Formation Points to Potential Downside On the 4-hour timeframe, a clear Head and Shoulders pattern has emerged, signaling a potential bearish reversal. Key support levels are identified at $19.89 - $21.86, and a decisive close below this critical zone could pave the way for a significant downside move, with the next target projected around $12. Traders should monitor the price action closely at the support zone, as a confirmed breakdown could provide an optimal short entry to capitalize on this pattern. Stay vigilant and ready to seize this opportunity. Not A Financial Advice, Trade at your Own Risk. We are not responsible for profit or losses
Short
by wolfchemist
#LINK Head and Shoulders Formation Points to Potential DownsideChainlink (LINK/USDT), Head and Shoulders Formation Points to Potential Downside On the 4-hour timeframe, a clear Head and Shoulders pattern has emerged, signaling a potential bearish reversal. Key support levels are identified at $19.89 - $21.86, and a decisive close below this critical zone could pave the way for a significant downside move, with the next target projected around $12. Traders should monitor the price action closely at the support zone, as a confirmed breakdown could provide an optimal short entry to capitalize on this pattern. Stay vigilant and ready to seize this opportunity. Not A Financial Advice, Trade at your Own Risk. We are not responsible for profit or losses
Short
by wolfchemist
TUI - EUR Stock Quote | Chart & Forecast SummaryKey Indicators On Trade Set Up In General 1. Push Set Up 2. Range Set up 3. Break & Retest Set Up Notes On Session # TUI - EUR Stock Quote - Double Formation * 7.600 EUR | Completed Survey | Subdivision 1 * Head & Shoulders Pattern | Configuration Entry - Triple Formation * Retracement Not Numbered | Subdivision 2 * (Flag Structure)) | Uptrend Bias | Subdivision 3 * Daily Time Frame | Entry Settings Active Sessions On Relevant Range & Elemented Probabilities; European Session(Upwards) - US-Session(Downwards) - Asian Session(Ranging) Conclusion | Trade Plan Execution & Risk Management On Demand; Overall Consensus | Buy
CAPITALCOM:TUI1Long
by TradePolitics
Novo Nordisk hit my target this week and I have started to buy The head and shoulders pattern successfully played out, with OMXCOP:NOVO_B reaching my full target at 670. Check out my original post: The stock experienced a significant drop, falling as much as 27% on the Friday before Christmas. This was triggered by test results for their obesity drug, CagriSema, which showed patient weight loss of 22.7% - below the anticipated 25%. I believe this reaction is an overcorrection and have taken advantage of this rare opportunity to purchase OMXCOP:NOVO_B , first at 680 and again at 600. I now plan to hold patiently, expecting Novo Nordisk to reach new all-time highs in the coming years.
OMXCOP:NOVO_BLong
by madsroland