USDCHF trade IdeaUSDCHF was on a downtrend before but then reversed and broke structure. It's now giving us what seems to be a head and shoulders. Anticipating for the market to continue going to the upside
Head and Shoulders
Gold’s Price Action: New Highs or Correction Ahead?Yesterday, gold reached yet another all-time high, slightly above 2,880.
However, the price quickly dropped by 200 pips, finding support at 2,660.
Since then, gold has been consolidating, but a correction appears to be looming.
In the posted 30-minute chart, we can see a small head-and-shoulders pattern forming.
A break below the newly established support and the neckline of the pattern could lead to a further drop to 2,640.
Although trading at this stage is extremely risky, I believe gold is more likely to correct at this point rather than make a new ATH.
GOLD (XAUUSD): Bearish Reversal at Trend LineGold has reached a key ascending trend line on the 4-hour chart.
After a strong bullish rally, the market seems overbought, and a head and shoulders pattern on the 1-hour chart indicates weakening buyer momentum in the short term.
A retracement to 2844 is expected.
GOLD (XAUUSD): Bearish Reversal From Trend LineGold reached a significant rising trend line on the 4-hour chart.
Following a strong bullish movement, the market appears to be overbought, and the formation of a head and shoulders pattern on the 1-hour chart suggests weakness from buyers in the short term.
I anticipate a retracement to 2844
Reversal in progress?Is NESF starting to complete the Head phase of an inverse H&S pattern?
Still no end to the downtrend yet.
Probably need to wait another 12 months to see.
If the BOE further reduce interest rates, this will help its cost of capital.
XAUUSD form Head and Shoulder PatternGOLD forms a head and shoulder pattern and broke the support line. It's expected to retest the resistance before going down further
GOLD need seems sell correction
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AUDCAD H&S PART 2I've already shared my analysis yesterday but the market didn't respect the Neckline so the trade was cancelled with no entries
Now our best move would be to wait for the breakout of the New low this will confirm sellers are in control and the market will drop, meaning we can place our sells there
comment below if you want me to elaborate more
Dogecoin (DOGE): Head and Shoulder To Form, Get Your Heads ReadyDoge Coin has a nice possibility to form the H&S (not the shampoo brand), so with any delays, go watch the video and see where our target is for now. Great chance to get at least 3 trades here so now we wait for confirmations!
More in-depth info is in the video—enjoy!
Swallow Team
Alarum Technologies: Speculative high-risk high-reward setupTechnicals
Trend : While the daily chart is unmistakingly in a downtrend, the weekly looks more like a massive correction. However the uptrend that began in early 2023 has clearly been broken.
Price Action : Last week showed some bullishness, with a bounce from the 2020 shoulder support level and and a break above the falling wedge on the daily. Altogether the move hasn't been very decisive though and it faded with a reversal bar on friday. However ALAR hasnt fallen back below wedge support.
Momentum, Volatility and Volume have all been below average reflecting lingering interest in the stock.
Company Overview
Alarum Technologies Ltd. operates in the webscraping/data collection niche, primarily through its subsidiary, NetNut. The company provides IP proxy network (IPPN) services, enabling businesses to scrape and collect web data securely. Recent expansion efforts focus on the growing AI-driven data collection and labeling market, with products like the Website Unblocker and an upcoming AI Data Collector designed to automate and enhance data retrieval.
Current Situation
Q3 2024 Revenue of $7.2M, hitting the high end of guidance (+6.6% YoY) with NetNut contributing 97% of revenue.
Adjusted EBITDA of $1.4M, exceeding guidance but down YoY due to infrastructure investments.
Strong cash position of $24M and only 1.6M in debt.
Secured a Fortune 200 client, with potential for traffic (and revenue) to triple within 6-12 months.
Usage-based revenue model introduces short-term revenue volatility, while gross margins declined (73.6% vs. 79.4% YoY) due to network investments.
Short-Term Outlook
Q4 2024 Guidance: Estimated revenue of $7.5M (±3%) with EBITDA of $1.3M-$1.7M.
Near-Term Catalysts: Further Fortune 200 client expansion, adoption of Website Unblocker, and new AI Data Collector launch.
Potential Risks: Revenue fluctuation due to usage-based pricing, competitive pressure and reliance on short-term client contracts.
Conclusion
ALAR presents a high-risk, high-reward trade setup, with catalysts for upside momentum but also operational risks that could weigh on stock price movements in the coming months. The ongoing AI technology democratization, high operating leverage and a 1.5x EV/Sales valuation make me favor the upside whith a strict risk management recommended.
10yr notes inverted H&S patternIntraday Update: 10yr notes has an inverted head and shoulders pattern in play, however is at the 61.8% Fibonacci retracement level of the Dec 8 highs to Jan 14 lows.
Oil | HnS Pattern Back to $68 SupportPrice action is currently retesting the neckline, would like to see more play towards $75, possibly a spike-out for sellers to get in higher like the last time
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The SMA is also offering dynamic resistance as we see further down pressure
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Target goal $68.
BTC due for a big red candle before it can go up to 200k?Self evident updated chart
Needs a big red candle to wipe out the bulls and get rid of the bears
Poss as deep as 73k most likely 76/77k to the neckline of the IH&S pattern.
Assuming the pattern is valid so as not to invalidate it.
EURUSD back at the 61.8% retracement Intraday Update: After bouncing aggressively after completing the head and shoulder on Sunday/Monday, the bounce back is stalling today at the 61.8% retracement of the Jan 27th high to Feb 2nd lows. Further gains will be on the heels of the incoming ADP and ISM data today, and if the data does not disappoint we could see a stronger move back towards the 1.0360 level.
Head and Shoulders pattern, price might go downAs we can see the price reached our Major key level and formed a H&S pattern, meaning we might experience sellers, but that's not enough confirmation to sell
If price breaks below the Major low then we can take that as a confirmation that sellers are taking over the market and we can expect selling pressure and we can place our entries
If it breaks above the MKL then we can expect buying pressure as this showed that the H&S pattern failed so buyers are taking over
BTC needs a plunge before it can move to >300kBullish long term chart
Bearish shorter term
Look at all the big red candles before a run happens. It clears out all the leveraged longs then lets the market go up.
Allows the bears to close out their positions so the market is free to advance
We have not had a big red weekly candle on the BTC for a long time so fasten your seat belt!
Nasty Head and Shoulder setup on Nasdaq 100 futureIf the current support line break it's going to be worse
Decent technical spot to enter a long on ELF cosmeticsLooks like a decent spot to go long here with a tight stop.
Enter $85
Stop Loss $74
TP1 $124
TP2 $169
Pros
RSI Oversold
Bollinger Band Oversold
Fibonacci Golden Pocket means good spot for reversal
200 week moving average can act as support
Cons
Tariffs
Large Head & Shoulders pattern with neckline broken
Unknowns
Earnings on Thursday 2/6
PYPL possible H&S patternIf stock fails retest of ~$89 mark, we could see the stock drop back to $85 and test support there. PYPL has already broken the trendline that started at $58 and reached as high as $94.
FETUSD H&SHead and Shoulders Formation
Fetch.ai (FET) against the US Dollar (USD) has formed a classic head and shoulders (H&S) pattern, which is one of the most reliable reversal patterns in technical analysis. The price has recently broken below the neckline, a critical support level, and is now expected to retest the broken support structure to confirm the pattern's validity. This development suggests a potential shift in market sentiment from bullish to bearish, and it’s worth exploring the implications of this pattern in greater detail.
1. Breakdown of the Head and Shoulders Pattern
The head and shoulders pattern is a bearish reversal formation that typically occurs at the end of an uptrend. It consists of three distinct peaks:
Left Shoulder: The price reaches a high, retraces, and forms a trough.
Head: The price rallies to a higher high, surpassing the left shoulder, and then retraces again.
Right Shoulder: The price forms a lower high, failing to reach the height of the head, and then breaks below the neckline, which is the support level connecting the troughs of the left shoulder and head.
The breakdown below the neckline confirms the pattern and signals a potential trend reversal. The price often retests the neckline from below before continuing its downward move, which is what we’re currently anticipating in FET/USD, my area of immediate target is 0.80000.
What do you think of this analysis?
H&S Breakdown and Retest in CASTROLINDNSE:CASTROLIND formed a slightly tilted H&S followed by breakdown and now retest seem to be in progress. Depending on how the day closes, this could be a nice shorting opportunity.
As per the size of head, target would be around 125. However, due to the left side tilt (which reflects lack of extreme weakness), it would be prudent to go with a smaller fall, if at all this materializes.
Doge is next moveForming head and shoulders in daily chart.. may go till 0.3 usdt ,then should go back to 0.14usdt.. let's see..
Avalanche Cryptocurrency Quote | 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
# Avalanche Cryptocurrency Quote
- Double Formation
* (Reversal Argument)) + (Inverted Head & Shoulders)
* (TL)) | 1 & (TL)) | 2 | Triangle Structure | Subdivision 1
- Triple Formation
* 1st Numbered Retracement | Downtrend | Subdivision 2
* 2nd Numbered Retracement | Bias Structure | Subdivision 3
* Daily Time Frame | Trend Settings Condition
Active Sessions On Relevant Range & Elemented Probabilities;
European Session(Upwards) - US-Session(Downwards) - Asian Session(Ranging)
Conclusion | Trade Plan Execution & Risk Management On Demand;
Overall Consensus | Neutral
