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Head and Shoulders

EURUSD: Bearish Reversal Now Confirmed?!EURUSD is currently testing a significant level of resistance. After testing this area, I have identified several indicators suggesting a bearish trend. These include a series of rejection candles, the formation and break of a head and shoulders pattern, and the violation of a support line in of a rising wedge pattern. Based on these factors, I anticipate that the market will likely decrease in the near future, with potential target levels at 1.0867 and 1.0853.
Short
by linofx1
1
#DJIA to 40k!We are in a BULL MARKET so the risks are to the UPSIDE, one of an explosive rally as fund managers who have badly gotten the market wrong panic buy propelling the Stock market driven by #FOMO rather than reasoned analysis to far higher than people can imagine. New bull market highs should arrive during summer 2023! All whilst indecision reigns supreme on the likes of twitter in a perpetual waiting for a magic signal with the goal posts constantly drifting as those who failed to act when the knives were fast falling desperately cling onto hopes of the likes of #SPX 3600 and lower to buy Even though if it ever happened they would once more be too fearful act just as they were the last time S&P traded down to S&P 3600 :) My base case is we already had the recession, during the corrective moves of 2022.
TVC:DJILong
by BallaJi
2
Head above the shoulderSometimes simple things work wonders, and one my favourite pattern is HnS, Head and Shoudlers. Look we have one here, though neckline is yet to break. We have stronger bigger frames, and this one is much smaller frame. Yesterday price action of rise from lows, despite higher inflation than factored, augurs well for the neckline break. Also, the gap down of 5th July lead fall is in for closing up. Not much, truncated holiday is the only hurdle. Will there be a break of the neckline then a retracement or one way up is to be seen, with the holiday in mind one can take chances of that retracement. Support 52400-52300(max stop for the longs)-54130 Supply 52680-52800-53100
NSE:BANKNIFTY
by sreebhashyam
$TLT Treasury Bond ETF Inverse Head & Shoulders NASDAQ:TLT Treasury Bond ETF Inverse Head & Shoulders, In technical analysis of Treasury Bond ETFs, an inverse head and shoulders pattern is a bullish reversal signal. It occurs when the ETF's price forms three distinct troughs, with the middle trough ("head") being the lowest and the two outer troughs ("shoulders") being higher. A "neckline" is drawn connecting the highs of the two shoulders. When the price breaks above this neckline, usually with increased volume, it confirms the pattern and signals a potential shift from a bearish to a bullish trend. The distance between the head and the neckline can be projected upward from the breakout point to estimate a price target for the potential rally. However, traders often combine this pattern with other indicators like moving averages or oscillators for further confirmation and risk management.
NASDAQ:TLTLong
by AlgoTradeAlert
4 entry-strategies with head & shouldersContrary to popular belief, which considers the head and shoulders pattern to be a reversal pattern, this pattern can also be a powerful continuation pattern!!did you know?? 1-reversal role: in this case, when the neck-line of the head and shoulder breaks, sell and buy signals are issued (see the 2 items on the left in the picture) And an BULLISH trend turns into a BEARISH trend or vice versa!! 2-continuation role: In this case, you should draw a line parallel to the neck-line, on the left shoulder. The break of this line is equivalent to buy or sell signal. In this case, we move in the direction of the trend before the formation of the pattern(see the 2 items on the right in the picture) Important points of the head and shoulders pattern: 1- Before the pattern, an BULLISH or BEARISH trend should be seen. Just extend the neck-line to the left, if it passes through the body of the candles, then there is a PRE-trend. 2- Pay attention to the head and shoulder time-frame. You should consider a time-frame where the distance of the left shoulder from the head in this pattern is 15 to 55 candles!! If you want to learn more, support me on this page! Regarding training, I give examples on analytical posts. Be sure to follow.
Education
by Eldorado_Land
Uneasy Head!One more day of volatile move down up and each one takes one's cues home. The psychology parts never dismay, many living in the wave 3 environment when wave 5 is in motion. After the FNO measurements, now the actual and required measures in raising the haircuts or removing them from the collateral category, this is the textbook approach and can yield much more than the FNO in the longer term. This also aides in curtailing 50% overnight kind of irrational expectations from the markets. It will take some time for the markets to understand this spin. Till then it is uneasiness in the head. Talking of the Head naturally brings that Head and Shoulders pattern in min. Pencilled in the pattern, the saying goes, don't name the baby before it is born, so the caution is wait for the neck-line break. However, being cautious after seeing one that has probability of unfolding is like Money saved is money made. US inflation surprisingly cools. Dollar gives up the ground, yield fall, equity too fall. Asia is in RED, NIKKI is in deep read, abandoned baby formation. SPX hit the bearish engulf, DOW appears near triple top. All are short term as of now nothing to shake the big picture yet. Once again 24400 holds 24100 is the neckline that is the place of caution and commotion. TCS results out, our own Inflation later (surprise on the upside?) Supports 24280-24230-24180-24130 Supply 24380-24410-24430
NSE:NIFTY
by sreebhashyam
SPY Has Finally Now Neared Its Final Target Of 570!Traders, It feels as though I have been discussing a SPY top at around 570 for years now and I can see from the history of my posts that this is actually true. I first started with the premise that the U.S. stock market would experience a blow-off top of sorts. Elliot-Wave theory and technicals seemed to support this idea. Though admittedly, I am nowhere near an expert in this area, I went with it, following the technical guidance of those who were. It was not too long thereafter I spotted something on the charts that I was very familiar with. This pattern supported and confirmed the idea that stocks would blow-off. What I spotted was a longer-term (2 year) inverse head and shoulders pattern. This inverse h&s played out and gave me my target of 570. 2 years later, we are finally almost there. Targets are not meant to be absolutely precise. Close enough is both good enough in hand grenades, horseshoes, and in calling market tops/bottoms. Therefore, not wanting to press my luck, I have decided to finally start taking some profit and moving to cash. Though, my target definitely could be exceeded, it is also possible that it may not be reached. I don't think the latter will be the case but I have been wrong before and could be wrong again. If I had to guess rn, I'd say this blow-off top could extend to a time frame just before election shenanigans begin. We are already seeing some of the nonsense here in the U.S. and thus, I know time is running thin. Before all hell breaks loose, SPY could touch 650. And then? Anyone's guess. Best, Stew
AMEX:SPY
by stewdamus