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Head and Shoulders

Oil/Gold vs SPX/CPIUCSLThe chart of OIL/GOLD shows that the price of oil in terms of gold has been fluctuating within a channel since the US broke the last bretton woods agreement in the 70's. Since then we can see periods in which oil is expensive and periods in which oil is cheap in terms of gold, right now it's the cheapest it has been (excluding pandemic madness in 2020) and if you believe in head and shoulders you can see a second shoulder forming; so in the following years we could see a bounce and it may be agressive, if that's the case stocks will suffer in real terms. Could something have changed and the price will stay low for many more years, maybe, but I think it's something we have too keep in mind.
TVC:USOIL
by Vold316
1
TRX Tron Monthly Ascending Triangle BreakoutTRX Tron about to breakout of a giant ascending wedge on the monthly charts. Correlation to bitcoin at the lows, TRXBTC ratio forming massive bottom signals. Volume trend in line with breakout timing. Some huge stats that are going to catch people off guard, leading to strong price action once this breaks out: 1) Google is now voted in as 1/27 super validators on the network 2) Total volume surpassing visa network with onchain volume nearly the 50% mark 3) Most active users of any chain 4) USDT (stablecoins) as "killer app". US Gov realizing that major countries are no longer buying T-Bills (and actually selling them) while stablecoins continue to drive huge demand from the developing world 5) The only chain with actual FREE transactions if you stake enough TRX 6) The only deflationary chain with a 6 year proven record and 0 downtime or failing transactions
BINANCE:TRXUSDLong
by BitcoinJesse
3
Amateur vs. Professional GapsWhen analyzing gaps on a chart, the key question to ask yourself is this: Did this gap result from amateur traders reacting emotionally, either buying or selling? Or was it the professional traders, who base their decisions on logic rather than emotion? To determine this, there's a crucial concept you need to grasp first... Professional traders buy after a wave of selling and sell after a wave of buying. Amateur traders, on the other hand, do the opposite! They see a stock rising and, driven by fear of missing out, rush to buy – right when the pros are preparing to sell.
NASDAQ:AAPLEducation
by zerocashcool
2
EUR/USD Prediction - Next Week EUR/USD - Week of Aug 19-23 Prediction - SELLING to Midline (~ 1.0940) Reason - (1) Price has recently tested and was rejected at the top of the current price channel;(2) a clear H/S level coincides with the top of the current price channel, adding additional resistance; (3) in the recent past, price has respected the limits of the price channel, and without significant economic data scheduled to be released Mon - Wed, price lacks a fundamental driver to move higher; (4) for the same reason mentioned above (3), price also lacks a fundamental driver to move all the way to the bottom of the channel. Caveats - Any surprise sociopolitical or economic development between now and Thursday (Aug 22) overrides the technical analysis described above. Furthermore, the two significant economic releases this week - EUR PMI (Thur) and USD Fed Speech (Fri) - override the above technical analysis. As such, the above technical analysis becomes obsolete on Thursday at the time of the EUR PMI release (3:30AM EST). *** FOR EDUCATIONAL PURPOSES ONLY - Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. ***
by J_Philip_LeGrand
1
Bitcoin Analysis==>> Reversal Patterns==>>(Short term)Bitcoin moved as I expected in the previous post . Bitcoin is currently moving in the Support zone($60,800-$56,700) and near the Support lines . In terms of Classic Technical Analysis , Bitcoin seems to have succeeded in forming a Falling Wedge Pattern , and an Inverse head-and-shoulders Pattern is possible . Also, we can see Regular Divergence(RD+) between Consecutive Valleys. I expect Bitcoin to rise to at least near $60,000 . Bitcoin Analyze (BTCUSDT), 15-minute time frame⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Long
by pejman_zwin
29
CRV — Ready For A Free Fall? CRV is currently trying to stay above the neckline of a head and shoulders pattern on the 1H chart. A break below the neckline will inevitably trigger downtrend momentum and send the price toward 0.25 (or lower). Especially if the broader market turns red during the next hours, CRV will be in massive danger. Therefore, watching the neckline and shorting once it breaks below is certainly an option. However, due to today's volatility, such a trade bears a higher risk level and should only be executed with a tight stop loss.
Short
by ben_walther
6