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Head and Shoulders

GBPCAD SHORTSA heads and shoulders pattern signaling reversal, a transition from bullish to bearish. REJECTION POINT Rejection is likely to occur between 1.80000–1.80328, as these are strong confluence levels: The retest of the neckline. The psychological round number (1.80000) The EMA 50 acting as dynamic resistance. If the price is rejected here, the market is likely to continue its bearish move, targeting lower levels such as 1.78000 or below. Conclusion The price is currently retesting the neckline of the Head and Shoulders pattern. Watch for bearish rejection signals (e.g., bearish candlesticks, volume spikes) around 1.80000–1.80328, which could confirm the continuation of the downtrend.
Short
by sosaxbrodie
2
IWM | Incoming Bull Run | LONGiShares Russell 2000 ETF seeks to track the investment results of the Russell 2000 Index, which measures the performance of the small-capitalization sector of the U.S. equity market. The fund generally invests at least 80% of its assets in the component securities of its underlying index and in investments that have economic characteristics that are substantially identical to the component securities of its underlying index (i.e., depositary receipts representing securities of the underlying index) and may invest up to 20% of its assets in certain futures, options and swap contracts, cash and cash equivalents.
AMEX:IWMLong
by DivergenceSeeker
3
ETHUSDT - 1D - Head and ShouldersETHUSDT - 1D - Head and Shoulders TRADEX BOT NEWS: May your trading strategies be fruitful! Over the holidays we have made significant changes to the way the bot operates that allows for scalability so it can be used by everyone. We will soon have the first version of TradeX BoT, which will function as a second layer Order Book on CEX markets, hiding our greed (TP) and fears (SL) from exchanges. More news to come soon! Thank you! _______________________________________________________ ETHUSDT - 1D - Head and Shoulders On the 1D TF, ETH is perfectly drawing the Head and Shoulders pattern that could be the catalyst for ETH to shoot its price above the current ATH. It would not be surprising if in this first Q1, ETH reached 7k. Considering BTC's journey after the launch of the ETFs, ETH has not yet exploded, so it is worth following the evolution of this heat and entering when it gives us opportunities. The important thing to be successful in trading is to be faithful to our strategy. To be clear about where we are, where we want to go and when it is better to be out in liquidity. __________________________________________________ Automated Cryptocurrency Trading Bots: All these strategic alternatives can be configured with TradeX BoT, since it will allow you to position in both directions without having to block any amount per position. It will only be necessary for the conditions to be met, either down or up, for the orders to be executed in one direction or another, taking the necessary deposits from your portfolio. TradeX BoT (in development): Tool to automate trading strategies designed in TradingView. It works with both indicators and technical drawing tools: parallel channels, trend lines, supports, resistances... It allows you to easily establish SL (%), TP (%), SL Trailing... multiple strategies in different values, simultaneous BUY-SELL orders, conditional orders. This tool is in the process of development and the BETA will soon be ready for testing. FOLLOW ME and I will keep you informed of the progress we make. I share with you my technical analysis assessments on certain values ​​that I follow as part of the strategies I design for my portfolio, but I do not recommend anyone to operate based on these indicators. Inform yourself, educate yourself and build your own strategies when investing. I only hope that my comments help you on your own path :)
CRYPTO:ETHUSDLong
by DeuXfi
SQ | Why Wallstreet is Bullish | LONGBlock, Inc. engages in creating ecosystems for distinct customer audiences. It operates through the Square and Cash App segments. The Square segment provides businesses the ability to accept card payments. The Cash App segment offers an ecosystem of financial products and services to help consumers manage their money. The company was founded by Jack Patrick Dorsey and James Morgan McKelvey in February 2009 and is headquartered in Oakland, CA.
NYSE:XYZLong
by DivergenceSeeker
Bullish Cases for ENA/USDT#Bull_Insights #014 Coin Ticker : #ENA Market : Binance Time Frame : 1 Week. This report analyzes the bullish indicators for ENA/USDT as depicted in the provided chart, highlighting potential upward trends and investment opportunities based on technical analysis. Key Observations: Volume Surge : There's a noticeable increase in trading volume at the end of 2024, which often precedes significant price movements. High volume can indicate strong buying interest, suggesting a potential bullish trend. Price Consolidation : The price has been consolidating within a tight range, marked by the red dashed lines (approximately $1.2 - $1.4 USDT). Consolidation after a downtrend and rebound can lead to a breakout, often upwards if accompanied by increasing volume. Support and Resistance: The consolidation area acts as a strong support level. If ENA breaks above the resistance with significant volume, it could signal the start of a new uptrend. Moving Average Cross: Although not explicitly shown, the price action near what appears to be a moving average specifically on the daily time frame confirms a golden cross (short-term MA crossing above long-term MA), a bullish signal. Relative Strength Index (RSI) : The RSI, if considered, rebound from the oversold area and currently showing bullish sentiment with a divergence in the formation (not visible in the chart). An RSI moving upwards from an oversold condition or showing bullish divergence could confirm buying momentum. Pattern Formation : The price action seems to be forming a potential double bottom or and in some particular cases inverse head and shoulders pattern, both of which are bullish reversal patterns. Confirmation of these patterns with a breakout above the neckline or the red rectangle resistance area would be a strong bullish signal. Fibonacci Retracement: The price is currently near the 1.68 Fibonacci extension level. A bounce from these levels could indicate the resumption of the forming uptrend. 🔼Bullish Cases: Breakout Scenario: A breakout above the current resistance with high volume could lead to a target price calculated by the height of the consolidation range, potentially pushing ENA towards $1.6 - $1.8 USDT in the short term and will pave a way for the long term ATH move for the coin. Pattern Confirmation : If the patterns mentioned (double bottom or inverse head and shoulders) are confirmed, this could lead to significant price appreciation, targeting levels beyond the previous highs. Volume Confirmation: Continued increase in volume alongside price movement will validate the bullish case, suggesting strong market interest and potential for sustained growth. Fundamental View on the future of MIL:ENA : ▶️ Sector: DeFi ▶️ MC: $3.73B ▶️ FDV: $18.58B ▶️ Unlocked supply: 20.22% - Ethena is a synthetic dollar protocol built on Ethereum. - It offers a crypto-native solution for money that doesn't rely on traditional banking infrastructure. - Additionally, it provides a globally accessible, dollar-denominated savings instrument — the "Internet Bond." Conclusion: The current technical setup for ENA/USDT shows several bullish indicators. However, investors should watch for confirmation through volume and price action before making investment decisions. Always consider broader market conditions and news related to ENA that could affect its price independently of technical indicators. Recommendation: Monitor ENA/USDT closely for breakout signals above the current resistance. If confirmed with volume, consider entering long positions with stops below the consolidation area for risk management.
Long
by cryptotalk_et
ARB breaking up from a bullflag that can take it above necklineArbitrum looks like it has probably founded the lowest depth of the right shoulder of it’s inverse head and shoulders here as it has now broken upward from this purple bullflag here and is now back above the 1 day 50ma(in orange). The breakout target of this flag will take price action above the neckline of the inverse head and shoulders pattern if it hit its full breakout target. We can also see that the bearish h&s that we were under the neckline of for several daily candle closes never progressed into getting validated as is often the case with bearish patterns in this phase of the bull market. I suppose there’s still a chance we could head bck under that light colored tannish neckline again but probability favor the upside at this point. *not financial advice*
COINBASE:ARBUSD
by DrDovetail
Denison Mines Corp Stock 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 # Denison Mines Corp Stock Quote - Double Formation * (Neckline) At 1.9250 USD | Subdivision 1 * Head & Shoulders Pattern | Entry Bias | Short Position - Triple Formation * 6X Retracement | Numbered | Subdivision 2 * (Flag Structure) | Uptrend Bias | Long Position * Daily Time Frame | Behavioural Settings Condition | Subdivision 3 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 | Buy
CAPITALCOM:DNNLong
by TradePolitics
Crypto Bull Market is Over!!!I'm a big Crypto fan and investor and this is my 3rd Crypto Bull run. We all enjoy the excitement of the 3-5 and 10x that these Bull markets bring us; however, we can never tell when the Institutions will pull the rug under us retail investors. Even though that I want this Bull Market to continue, we have to be realistic and look for clues to be able to come out with profits. If you look closely at these 3 charts and see how their tops all came pretty much at the same time, we have to speculate very hard that the Top is In. There is enough evidence that tells me that a Market Top is In on all 4 charts. First off, Homebuilders Trust on the Left showed a top in 2021, where it was the exact time that SP500 top as well as Bitcoin. Tops come when noone is expecting and all channels and influencers I read and watch are saying that we will have another run in Jan-Feb-Mar 2025 and some are saying this Bull market will last until Nov 2025. I really "hope" that this happens, but 'hope' is not a word to be used in trading. There is no Hope in trading. There is facts and one must try to find these little clues and make their best investment decisions. If the Top is In, how do we prepare? The way I'm seeing this that there is a lot of invested money out there yet so probably Jan 20 during Presidential inauguration, we should see another run up and excitement and news bringing everyone super excited to Crypto so Institutions can unload their bags. Then we should see sideways to downtrend begins. I will certainly start selling my bags and only leave 25% of my investments in case I'm wrong. In times like this, it is better to come out with some profits than no profit at all. What other evidences am I seeing? Homebuilders had a Head and Shoulders formation at the top on 2021, Sp500 had a triple top, BTC had a triple top. What do we see now in Dec 2024? BTC shows a Bearish engulfing in the Weekly Chart and in the Monthly it shows a Topping Tail or reversal Pin Bar. The SP500 shows a Head and Shoulders in the daily chart, (even though Nvidia is having a monster move as I write this today), Nvidia also has a Head and Shoulders in the daily chart. Google also has a Double Top in the Weekly time frame the same it had in Nov 2021 when Google top was in. All in All, we have to take all these facts in consideration and prepare ourselves. I hope you found this informative and helpful. Leave your comments below and let me know if you think that the Top Is In or not. Happy Trading.
BITSTAMP:BTCUSDShort
by ppatrading101