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Head and Shoulders

AUDCAD: Bearish Reversal Coming?!The *AUDCAD* currency pair seems to have formed a *dynamic head and shoulders pattern* on the *4-hour (4H) time frame*. Let's break down the analysis: 1. *Pattern Description:* - The head and shoulders pattern consists of three main components: a left shoulder, a head, and a right shoulder. - In this case, it's described as "huge," which suggests that the pattern is particularly significant. 2. *Dynamic Neckline Break:* - The neckline of the pattern is a trendline connecting the lows of the left shoulder, head, and right shoulder. - A "dynamic" neckline means that it's not a horizontal line but rather follows the slope of the price action. - On Friday, the neckline was broken, indicating a potential reversal. 3. *Bearish Expectations:* - The successful close of a 4H candle below the dynamic neckline suggests bearish momentum. - Traders often look for confirmation by waiting for a retest of the broken neckline as resistance. - If the price continues to decline, the next significant support level is around *0.9000*. Remember that trading involves risks, and it's essential to consider other factors (such as overall market conditions, economic news, and risk management) before making any trading decisions. Always use proper risk management techniques and consider seeking professional advice or mentorship if you're new to trading. 😊📉💡 If you have any more questions or need further analysis, feel free to ask! 🌟
Short
by linofx1
2
Bitcoin Marketcap v Federal reserve M1A nod to @unbeldi And a updated chart Swapping the Bitcoin price to marketcap over the M1 money As BTC is a Trillion dollar asset again and was invented to be peer to peer cash It's good to compare the ratio vs the dollar. And imagine one day in the future that it may dethrone the King. Since BTC is natively digital and global (M2 is slightly larger number and the more commonly used metric @ 20.86 Trillion) The number of coins I used for the 100k & 400k price projections was 19,791,006 If you wanted to check my maths This is the current and supply and the estimate of number of coins in 10 months time.
CRYPTOCAP:BTCLong
by BallaJi
1
GOLD (XAU/USD): what does the MTF view orchestrate?Initially, taking a look at the Monthly-timeframe development, it could be noted that the price is printing huge wick candles, which emphasises the inability to continue pushing in the upside destination. Identifying all crucial key zones and levels of decision, we may point out the importance of the 2.07 key region, the borders of which could be visited in the upcoming middle to long run if our game-plan plays out as desired. Zooming into the Weekly-timeframe chart to locate probable entry areas, the right shoulder zone of the currently forming Head&Shoulders pattern could be held under the radar. If the price manages to bounce off the neckline highlighted on the graph and reach the right shoulder zone as orchestrated, we might look into taking short positions and aim for the 2.07 destination in the upcoming long run.
OANDA:XAUUSDShort
by Investroy
AUDNZD Bearish Trading IdeaDisclaimer, these ideas are for my records of what I see in the market after taking a trade. It will help me document the reason of why I took the trade so I can have a track record. And as such, this is not a financial advice. At the monthly timeframe, the pair was doing what I believe was a wyckoff accumulation. In which it left an unmitigated past point of demand (LPD). Going down the weekly timeframe, the pair did a quasimodo pattern (QM), with the head touching a supply zone. Additionally, I was able to reduce the LPD. If you don't know what is quasimodo, I'd recommend you to watch the following video www.youtube.com . This YouTuber explains clearly supply and demand concepts, go watch his videos if you want to learn more. At the daily timeframe, the fakeouts become more apparent (marked with $$$). Additionally, the LPD was further reduced. Furthermore, at the 4H timeframe, the picture becomes more clearly. At the top of the head of the QM pattern, you can see an unmitigated supply zone. The zone is just above a fakeout level marked with $$$. Also, it is possible to notice an unmitigated LPD just below a fakeout marked with $$$. I believe price will complete the QM pattern to mitigate the 4H unmitigated demand zone, then it will drop until the LPD. After mitigating the LPD it will took off for a long term uptrend completing the monthly wyckoff accumulation pattern. For now I'll be focusing first on the sell and then once near the LPD area, I'll start looking for long-term buys.
Short
by jask_skull
GTLB Bullish Trading IdeaDisclaimer, these ideas are for my records of what I see in the market after taking a trade. It will help me document the reason of why I took the trade so I can have a track record. And as such, this is not a financial advice. Wyckoff was marked on the monthly timeframe. For me, GTLB is doing wyckoff accumulation and I've marked the zone I'm waiting for the price to reach so I can buy. Hopefully it delays there 1 or 2 months so I can get more capital to invest. This is a long term investment for me.
NASDAQ:GTLBLong
by jask_skull
USD/CHF (dollar-franc): a detailed technical orchestrationJudging by the Daily-timeframe build-up, we might imply that the price has nicely tapped into the liquidity region laying above the right shoulder of the recently formulated Head&Shoulders pattern, and now we are observing bearish moves in the destination of two zones - the pattern neckline and the 0.888 key level. Upon reaching the pattern neckline (0.9 region), we will be observing price behaviour before taking further action. If we are able to witness some rejections, then, there is a high probability that the 0.909 region will be re-visited for a re-touch (break+retest formation) before further bearish moves resume and, potentially, drive the price in the destination of the 0.888 level. On the other hand, if no signs of a bounce are printed on the 0.9 zone and the break is evident, then, the price will have enough potential to keep dropping till the 0.888 region. All in all, we recommend to have eyes on the day-to-day development and make decisions with no rush. Hope this idea is of help!
Short
by Investroy
Flare has 1 daily candle close above the invh&s neckline. Fairly big candle that closed above the neckline too and the bigger the candle the higher the probability that it can flip that neckline to support. However we all know how often price action will fallback below an invh&s neckline before the real breakout occurs, so for now there is no confirmation or validation that flare has broken up from this pattern just yet. We should know within the next 2-3 daily candles if its gonna breakout now or if its gonna go back under the neckline though if I had to guesstimate. Should it validate the breakout here, the breakout target is around .37 cents. *not financial advice*
COINBASE:FLRUSD
by DrDovetail
11
DOGWIFHAT #WIF NEAR TERM is TARGETTING $4.06-$4.33Per a inverse head and shoulders pattern that CRYPTOCAP:WIF is just now challenging the neckline. Overall the structure that WIF has laid down these past few months suggests a wonderful surge in prices that could see WIF getting close to the $10 zone #Memecoins are so powerful and make up a huge portion of the crypto sector. It is safer to allocate to the new and LARGE coins that have deep liquidity and bug 24 h volume that the brand new coins which most retail gamble on and and end up walking away with nothing buy sob stories.
CRYPTO:WIFUSDLong
by BallaJi