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Head and Shoulders

POV: CGPOWER - Channel + Cup and Handle Breakout**POV: CGPOWER - Channel + Cup and Handle Breakout** **Chart Reading:** 1. Today, it started with a 0.6% gap-up, tested, and traded below the previous day's close, then rose and closed above the channel's upper range. 2. There have been five previous breakout attempts. One attempt almost succeeded, but a market downturn pulled it back into the channel. 3. The Cup and Handle pattern formed within the channel. The cup took exactly 25 sessions to form, aligning with my minimum criterion of 20 sessions. 4. The 200 SMA shows a steadily growing path. In my observation, it’s rare to see such a clean rising angle. 5. The channel has been in existence for more than 100 sessions. 6. The average candle range is relatively narrow. 7. Trend and momentum are in sync. *For educational purposes only. This is not financial advice. Please consult a professional before making financial decisions.* **#NiVYAMi**
NSE:CGPOWERLong
by kzatakia
Arbitrum set to goldencross on next daily candle; invh&s in playWe can see after triggering the breakout of the smaller inverse head and shoulders and blowing past that target arbitrum has reached the perfect level that will cause this new inverse head and shoulders to materialize by correcting here and forming a right shoulder. We can also see that Arbitrum is just 1 day away from having it’s daily golden cross and considering many inverse head and boulder patterns in the altcoin market lately have been forming remarkably tiny right shoulders, Arbitrum also could follow suit and break up from the inverse head and shoulder neckline far sooner than you would normally ever expect these kind of patterns to do so. Also a chance it could form a normal shoulder here as well we wll know soon enough *not financial advice*
COINBASE:ARBUSD
by DrDovetail
Dash filling out right shoulder after burj khaifa moveBy correcting here after dash’s big golden cross vertical slingshot in price action it is in the perfect zone to form a right shoulder to a newly materializing inverse head and shoulders pattern. The common theme for many inverse head and shoulders patterns this alt season has been very tiny right shoulders so there’s a decent chance it breaks above the neckline of the inverse head and shoulders before where the hypothetical right shoulder I have drawn on the chart reached it’s end. Always a chance it bucks the trend and ends up being even wider than what I drew too as the width of the shoulder would traditionally be. We will know soon enough As always dash and zcash see to be having some similar chart patterns. Nice to see privacy coins still matter enough to have a chance to make big gains this bull run and perhaps even surpass the previous all time highs if it keeps this up long enough *not financial advice*
COINBASE:DASHUSD
by DrDovetail
1
The Coming EU Recession into 2028, Mercedes BENZ $MBG Triple TopThe principal pillar of the European economy is Germany, recognized as its wealthiest nation. A parallel can be drawn to the adage regarding America: when it experiences a minor setback, the global economy often faces significant repercussions. It is often asserted that the essence of "Deutschland" is deeply rooted in its automotive industry, leading to its moniker as "Autoland." German automobiles have consistently been esteemed as the finest globally. In fact, the most thriving economic engine in Europe has been heavily dependent on the automotive sector, and the initiatives aimed at addressing climate change have been likened to the act of vanquishing a vampire—driving a stake through its heart. Volkswagen, the biggest car maker in Europe, is warning that it might have to cut thousands of jobs and close some factories in Germany. This is happening because they are having tough talks with unions about rising costs. The push for climate-friendly cars has really affected how many people want to buy new vehicles, and they are also facing strong competition in the electric car market. The news about job cuts and possible factory shutdowns is causing a big stir around the world. Other car companies like Mercedes Benz, BMW, and Ford are also making cuts and letting employees go. Volkswagen is planning to lay off tens of thousands of workers and is even thinking about closing some factories, which is a big deal. Bosch, the largest auto parts supplier in the world and a major employer in Germany, is also cutting hours and pay for around 10,000 workers. Even Meyer Werft, a shipbuilding company that has been around since the 1800s, recently needed a huge bailout of $423 million to stay out of bankruptcy. The economic strategies implemented by Brussels have significantly weakened the overall economy of the European Union. Germany has remained committed to the traditional Mercantile economic model, maintaining elevated tax rates to curb inflation while producing goods for export to generate profits. In 2023, the automotive sector is projected to represent as much as 17% of Germany's exports. This sector has created over 750,000 jobs. However, German manufacturing has struggled to achieve a full recovery since the COVID-19 pandemic in 2020, currently reaching only about 90% of its pre-pandemic output.
XETR:MBGShort
by BallaJi
Zcash working on filling out right shoulder for next breakout Zcash appears to be forming a special inverse head and shoulders pattern I like to refer to as the sweet dreams or sleepy head inverse head and shoulders as the trendline you draw to highlight the head and shoulders take on a smile face with its eyelids closed. I anticipate even though I already drew the hypothetical length of the right shoulder fairly s that there’s a chance it could break above the neckline after forming an even shorter right shoulder based on some of the recent tiny right shoulders we’ve seen fro the likes of digibyte, atom, cardano and others. Always a chance since it’s left shoulder was tiny that the right one could buck the trend and form a regular sized right shoulder too, either way I’m confident with market conditions how they currently are theat probability favors this pattern breaking out and up eventually. *not financial advce*
COINBASE:ZECUSD
by DrDovetail
NFP 12.5.24It’s hard to see but I believe that’s an inverse on USDJPY 1HR. I had to go to JPYUSD to see if it actually looked like a head and shoulder. Looks like it can go back to 150.8 maybe 151.1 But today is NFP so I’m not sure if it can catapult with such news ahead. Here’s some insight. The US jobs market suffered a setback last month with the worst NFP reading in nearly four years, with the Bureau of Labor Statistics (BLS) estimating that the US economy created just 12K net new jobs in October. Thankfully heading into this month’s NFP reading, economists are feeling much more optimistic on the outlook for the labor market: NFP Forecast As regular readers know, we focus on four historically reliable leading indicators to help handicap each month’s NFP report: The ISM Manufacturing PMI Employment component rose to 48.1 from 44.4 last month. The ISM Services PMI Employment component dropped to 52.1 from 56.0 last month. The ADP Employment report showed 146K net new jobs, down from the downwardly-revised 184K reading last month. Finally, the 4-week moving average of initial unemployment claims fell to an historically strong 218K from 236K last month. Weighing the data and our internal models, the leading indicators point to a roughly as-expected reading in this month’s NFP report, with headline job growth potentially coming in somewhere in the 180K-240K range, albeit with a big band of uncertainty given the current global backdrop. Regardless, the month-to-month fluctuations in this report are notoriously difficult to predict, so we wouldn’t put too much stock into any forecasts (including ours). As always, the other aspects of the release, prominently including the closely-watched average hourly earnings figure which came in at 0.4% m/m in the most recent NFP report. source: www.cityindex.com
by SlattYSL
1
Alikze »» FTM | Suspicious of the reverse head and shoulders🔍 Technical analysis: Suspicious of the reverse head and shoulders pattern - In the analysis presented in the previous post, the target exactly touched the bottom of the channel, which then met demand and caused a 110% growth. - Considering that the recent corrective wave had a correction of 0.23 fibo of the previous wave, so we should expect an upward trend. - In addition to the fact that the recent corrective wave was a three-wave and its corrective momentum was in the form of three waves, if its correction is not complex in combination, we can expect the continuation of the upward trend after a short-term correction. - Therefore, the first target of the neck line can be considered the first supply area. After defeating the supply area, the next targets will become available. 💎 In addition, you should pay attention to this point, in order to verify the upward trend, the previous floor should not be touched (Invalidation LVL range), in which case the analysis will be invalid. »»»«««»»»«««»»»««« Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support. Best Regards,❤️ Alikze. »»»«««»»»«««»»»««« BINANCE:FTMUSDT
FLong
by alikze
6
Atomusd at the goldencross starting lineIn a very similar inverse head and shoulders that digibyte jsut successfully broke out of with the same kind of little right shoulder. For now there’s been no confirmation of a breakout or even solidified support on the neckline just yet so price could easily dip back below the neckline here, however considering the golden cross has occurred it wouldn’t surprise me if the neckline is confirmed solidified support n quick order. *not financial advce*
COINBASE:ATOMUSD
by DrDovetail