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Head and Shoulders

Ascending Triangle on the Daily for GME!Alright folks, brace yourselves for another electrifying update on the saga of GME! Since our last rendezvous, we've witnessed the impressive cup and handle pattern and the striking inverse head and shoulders breakout. But that was just the beginning. After our latest dip, in tune with the broader market's downturn, we've now sculpted an absolute monster of an Ascending Triangle on the daily chart, also visible even on the 4-hour. Using the trend-based Fibonacci extension, the golden pocket awaits us at $37.09, with the next pocket above that at $52.58. Adding to the excitement, we've got the Bull Flag breaking out on the weekly chart and the golden cross appearing on both the weekly and daily charts. Not to forget the substantial cup and handle formation on the hourly chart. Hourly Chart : Cup and Handle: This pattern is setting the stage for potential bullish movement. 4-Hour Chart: Ascending Triangle: Reinforces the pattern seen on the daily chart, confirming the bullish setup. Daily Chart: Ascending Triangle: Visible on both the daily and 4-hour charts, suggesting an imminent breakout. Weekly: Golden Cross: This crossover indicates long-term bullish momentum. Bull Flag: This continuation pattern indicates that the existing uptrend is likely to continue. All signs point to an explosive few months ahead for GME, with multiple breakouts on the horizon. Stay tuned, because the next chapter of this epic journey is about to unfold
NYSE:GMELong
by impossiblebull
FTMIB - 10 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. ═════════════════════════════
TVC:FTMIBLong
by TheArtOfCharting
SX5E - 10 months HEAD & SHOULDER 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. ═════════════════════════════
TVC:SX5ELong
by TheArtOfCharting
XAGUSD Silver BEARISH - Head & Shoulders and Wedge BreakSilver has two patterns on the Daily TF that indicate a bearish direction ahead. There is a complete Head & Shoulders pattern and also a Rising Wedge pattern that has been broke. Silver (XAGUSD) has recently had a bullish retracement to re-test both patterns and should start falling soon. Short-Term TP = $28 Long-Term TP (from Head & Shoulders) = $24.60 Long-Term TP (from Wedge) = $20.70 I expect the short-term TP to be hit at least. The longer-term TP's may or may not be reached. What will probably happen is that the Head & Shoulders target will be reached and Silver will hold up around the $25 level. NOTE : I personally love Silver and think it's a great long-term investment. I also consider it a highly manipulated market. I am bearish now based solely on the chart, but keep in mind that anything can happen with Silver!
OANDA:XAGUSDShort
by EACoders
LTC Breaking above tan invh&s neckline, right on goldencrossI have the weekly chart timeframe selected here simply because I needed to expand the timeframe on the chart to be able to fit both inverse head and shoulders patterns and their respective breakout targets in the frame. Wanted to put the timeframe on the daily chart so. Could show once again how these recent crypto pumps have all being launching on the exact day that the Daly golden cross occurs. I will post. Daily chart version of this as well that zooms in on the golden cross and subsequent priceaction and link it below. Anyways it looks like on this 2nd breach above the tan neckline that Litecoin is likely to finally trigger a breakout ths go around. If so the highest measured move target is in the $170s here, and reaching it will obviously also allow us to hit the white inverse head and shoulders breakout target too on the way there. In order to ensure that price acton doesn’t dip back below the tan neckline for a second time, it will need to flip the weekly 200ma(blue line) to solidified support once that happens I think it will definitely confirm the breakout at that point. Alt season has officially began! *not financial advice*
COINBASE:LTCUSD
by DrDovetail
2
AUD/USD Bullish Trade Set Up! A lot of Confirmation! Tap In Now!We are seeing AUD/USD rebound from a 4-day bearish push to .61300 to new highs around the .62000 level. The .62000 level has been holding strong as a resistance level; four separate times it has held the market below it. It has now broken back above previous lows and is now retesting to the support line and is looking to move around the .61800 level. We are also hovering between the 50 and 200 EMA levels, with the EMAs starting to converge. Another sign we see is an inverse shoulder head shoulder on the 1 hour. The low of the right shoulder is the black box at .61700, and we don't want to see the market break below that point. If it breaks below the black low box, it is an indication of bearish strength. Move Summary: We want to see it make a move to break through the .62000 level to break into more buy territory and create new highs. A break above the 200 EMA would be another signal for bullish confirmation. Our target will be the MONEY box for a 3:1 trade. Like, Comment, and Follow if you agree with this Idea! Let's Connect!
Long
by AceTradingAcademy
"BTC Head and Shoulders Breakdown: Key Sell Zone at $98,000 withBased on the chart: - **Pattern Formation**: A classic Head and Shoulders pattern is visible, indicating a potential bearish reversal. The price action has tested the neckline, followed by a possible retest near the "right shoulder." - **Key Zone**: The area around $98,000 is marked as a "possible sell zone" and aligns with the retest of the neckline. - **Breakout and Retest**: The price seems to have broken the neckline of the Head and Shoulders pattern and is currently retesting it. If the retest holds as resistance, a strong downside move could follow. - **Target Levels**: Based on the projected move, the target appears to be around $79,350, with intermediate zones likely around $90,000–$87,000 for partial profit-taking or reactions. - **Strategy**: A sell setup near $98,000, with invalidation if the price closes convincingly above the neckline, could be considered.
BITSTAMP:BTCUSDShort
by TRADE_CENTER_1
Bitcoin is breaking down right now! (lifetime opportunity)Bitcoin is currently breaking down out of the head and shoulders pattern, as I expected in past weeks. The next support is 85k, and we can hit this support pretty quickly. Bitcoin is known for its huge volatility. After we hit 85k, I expect Bitcoin to go up and retest the previous neckline of the HaS pattern, which is at around 91k! So you can make 2 trades in the short term. If you watch my posts, you know that 85k is a significant support level. It's the start of the FVG on the daily chart. Between 85k and 77k there is pretty much no price action. That means we can experience a huge flash crash. But let's be realistic: 85k is also a 20% correction from the ATH. Statistically, a 20% crash is when you want to put your buy orders. 1:1 FIB extension corresponds to the ABC correction. We are in Wave C of a corrective pattern. Write a comment with your altcoin, and I will make an analysis for you in response. Also, please hit boost and follow for more ideas. Trading is not hard if you have a good coach! This is not a trade setup, as there is no stop-loss or profit target. I share my trades privately. Thank you, and I wish you successful trades!
Short
by Xanrox
129
AUD/USD Chart Analysis: Anticipating a Bullish TrendAfter a thorough analysis of the AUD/USD currency pair, the current indicators suggest a potential shift towards a bullish trend. Market patterns and technical signals indicate that the Australian dollar may strengthen against the US dollar in the near future. I have identified key support levels that reinforce this bullish outlook, along with positive momentum from relevant economic data and geopolitical factors that may favor an upward movement. To manage risk effectively, I have set a stop-loss order to mitigate potential losses should the market behave contrary to expectations. The buy rate has been strategically positioned based on chart analysis and market conditions, allowing for an entry point that capitalizes on anticipated price movements while safeguarding my investment. Continued monitoring of economic releases and technical indicators will be crucial as we move forward. Overall, I am poised for what appears to be an opportune moment in trading AUD/USD, with plans in place to adjust my strategy as new data emerges or market conditions evolve.
Long
by Mohammad_Zain01