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Head and Shoulders

Bears TurnGood luck all. Facts: - reached the top of a trendline that dates back to the 1980’s which I’ve seen other pros call the “1980’s battle-line” 👀 Monthly TF - volume coincides with some braking power - RSI seems pointy downward - the 2015 trendline looks magnetic - the weekly candle just closed 13th Dec speaks for itself - zoom for that one. - the short term MA and FVG traders will be busy (or tired) - the head and shoulders on that record high - you could frame that - Wyckoff scout cracked through Ice - as a ship on the trading seas then I would say this is a tack to the bear side, no rush though… see you in a few months/years? Patience probably for price to hit 2,150. What could detract from golds appeal? Better opportunity cost elsewhere that gets faster returns? Could it get worse on the global political situation than it is right now really? Has the very recent (last 2 week) global escalations driven peaks beyond the high (no it hasn't)? Has the interest rate hype already been priced in? Is Trump lined up to do some deals that strengthen dollar and peace. make gold boring again? Ah? Mmm...Shipsy. ⚓️ 🏴‍☠️ 🌊
OANDA:XAUUSDShort
by ShipsyCapital
Bears TurnGood luck to all. Some Facts: - reached the top of a trendline that dates back to the 1980’s which have seen other pros call the “1980’s battle-line” 👀 Monthly TF - volume coincides with some consistent braking power - RSI seems pointy downward - the 2015-18 trendline looks magnetic - the weekly candle just closed speaks for itself - the short term MA and FVG traders will be busy (or tired buying) - the head and shoulders on that record high - you could frame that in theory books - Wyckoff scout cracked through Ice - as a ship on the trading seas then you could say this is a tack to the bear side, no rush though… see you in a few months/years? Would have patience for a 2,150 target minimum from here. What could detract from golds appeal? Better opportunity cost elsewhere that gets faster returns? Could it get worse on the global political situation than it is right now really? Has the very recent (last 2 week) global escalations driven peaks beyond the high (no it hasn't)? Has the interest rate hype already been priced in? Is Trump lined up to do some deals that strengthen dollar and peace, make gold boring again? Ah? Mmm...Shipsy. ⚓️ 🏴‍☠️ 🌊
OANDA:XAUUSDShort
by ShipsyCapital
NVIDIA Corp(Extended Hours) | Chart & Forecast SummaryKey Indicators On Trade Set Up In General 1. Push Set Up 2. Range Set up 3. Break & Retest Set Up Notes On Session # NVIDIA Corp(Extended Hours) - Double Formation * 147.50 USD | Swing High | Subdivision 1 * Left, Head(Swing Low) & Right | Pattern Confirmation - Triple Formation * Retracement | Not Numbered | 50% At 123.00 USD * Flat ABC | Continuation Bias | Subdivision 2 * 345 Template Area | Depiction Range | Subdivision 3 Active Sessions On Relevant Range & Elemented Probabilities; London(Upwards) - NYC(Downwards) Conclusion | Trade Plan Execution & Risk Management On Demand; Overall Consensus | Neutral
CAPITALCOM:NVDA
by TradePolitics
6770 - 7 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. ═════════════════════════════
TSE:6770Long
by TheArtOfCharting
Buy gold, TP: 2690-2695Bros, today gold fell sharply and fell below 2695 due to the negative impact of PPI data on the gold market. I reminded in the previous opinion that the 2700-2695 area is the last line of defense for bulls. Once gold falls below this area, it is easy to be sold and continue to fall. So today I went long on gold near 2702 as planned. After gold fell below 2695, I strictly followed the trading plan and chose manual stop loss near 2693, ending the gold long position with a loss of $4.7K; then I followed up with a gold short position near 2693, and manually closed the position near 2683, ending the transaction with a profit of $4.9K. It means everything I did in trading today was for nothing,fortunately, I strictly followed my trading plan and strategy to execute the transaction, so even if I lost money in the long transaction, I recovered the loss in the short transaction, and there was no loss overall. Relatively speaking, no loss is the greatest success. At present, after gold is relatively stable, I have bought gold again near 2683, and the short-term important support below is 2675. I expect gold to rebound to at least 2690-2695. As for the result of the transaction, let us wait and see! If you want to learn more detailed trading ideas and get more trading signals, you can choose to join the channel at the bottom of the article to make trading no longer difficult and make making money a pleasure!
OANDA:XAUUSDLong
by Trader_Marvin
EURUSD could slump 280 pips following tomorrow's ECB meetingThe U.S. consumer price figures were not enough to trigger a slide in EURUSD, nor did they lead to a rebound. Instead, the market is trading sideways as we await tomorrow's ECB rate meeting. The ECB is expected to cut rates, with the possibility of signaling a 50-basis-point cut in upcoming meetings due to weak economic growth and inflation at target. From a technical standpoint, the price has formed an inverse head-and-shoulders pattern, which might fail. The pattern would invalidate and trigger if the price falls below the right shoulder, currently at 1.0462. If this level breaks, the price could drop by the same distance as the projected rise from the pattern, roughly 280 pips, targeting 1.0181. Trading in smaller chunks is advisable unless the market moves quickly toward the target. What's your view? Could this play out, or do you expect a false breakdown? This content is not directed to residents of the EU or UK. Any opinions, news, research, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. ThinkMarkets will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
Long
by ThinkMarkets
Long On GBP/USDI established last week, i would like to see some bullish activities on the cable and it played out but not form the position we would have loved to take long entires from but I believe another opportunity will present it self this week if the pair doesn't go into a temporary moment of indecision which will mean a short term range. we can also sell short term to that place of interest or point of interest as the case maybe, we should also watch out for fundamentals, haven't checked so I wouldn't know.
Long
by Amazoe
1
KASPA has broken up above inv-H&S pattern at 18 cents.Breakout above 18 cents (blue line) from the inverse head-and-shoulder, with a measured move target at 32 cents. Presently establishing support. Need to successfully hold above the blue 18 cents line and close on the daily above to confirm. Setting stoploss sufficiently below blue line, accounting for volatility (not exposing where I place my stops). This chart follows on from my previous analysis: The crypto market historically tends to move in cycles/phases, with BTC first pumping followed by higher market cap OG tokens, before the capital flows to the midcaps (i.e. KAS) and eventually the microcaps and meme coins (which then marks the time to sell). Just need to be patient and remind yourself of the fundamentals of Kaspa, being the only properly (POW) decentralized crypto that is truly scalable.
CRYPTO:KASUSDLong
by cybernetwork