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Head and Shoulders

GBPUSD - Trend Reversal Pattern FormationFrom a technical perspective, it seems like GBPUSD is under the formation of a Head & Shoulder pattern. However, we need to wait and see how the pair is behaving near the neckline while forming the head. I'm expecting the head to be formed near 1.30000 to 1.30500 levels. My view co-relates with EURUSD pair. I think the below will happen in these 2 pairs EURUSD -- Doing a BOS ; GBPUSD -- Reaching the neckline EURUSD -- Retracing in Daily Timeframe ; GBPUSD -- Forming the right shoulder EURUSD -- Moving towards the target ; GBPUSD -- Moving towards the target Good Luck with your trading plans!
Short
by Mojo_0906
1
Bitcoin Analysis ==>> Bearish Pennant Pattern!!!Bitcoin ( BINANCE:BTCUSDT ) moved and filled the CME Gap as ✅I expected from the previous post . Bitcoin was able to move itself below the Important Resistance Line and Resistance zone($70,080- $68,250) . Regarding Elliott wave theory , Bitcoin seems to have completed the main wave 5 as I expected with the Ending Diagonal . Currently, Bitcoin has completed 5 bearish (small) waves and is completing corrective waves . In terms of Classical Technical Analysis , Bitcoin has the ability to form a Bearish Pennant Pattern or Head and Shoulders Pattern . ( I drew the pattern separately for you so that the chart is not busy .)👇 I expect Bitcoin to continue its decline to at least $65,500 , and if the Support zone($66,500- $64,480) is broken, we should expect more Bitcoin declines . ⚠️Note: If Bitcoin can break the Resistance zone($70,080-$68,250) and Resistance lines, we should wait for a new All-Time High(ATH) for Bitcoin.⚠️ Bitcoin Analyze (BTCUSDT), 1-hour time frame⏰. 🔔Be sure to follow the updated ideas.🔔 Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy and updates; 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.
Short
by pejman_zwin
8
BEAMXUSDT on the Verge of a Breakout: Is It Now or Never?Yello, Paradisers! Could #BEAMXUSDT be setting up for a major breakout? The formation of an inverse head and shoulders pattern suggests we might be at a critical turning point. 💎#BEAMXUSDT has been making the inverse head and shoulder pattern. The right shoulder of this bullish pattern has successfully formed, and the pair is now flirting with the neckline resistance at 0.1918. 💎BEAMXUSDT has flipped a previous resistance level and is now showing strong potential to retest this area while holding the ascending support trendline, signaling a probable upward momentum. 💎If the neckline resistance at 0.1918 is broken, we could see a confirmation after a retest, paving the way for higher moves. 💎Expect some resistance between 0.2064 and 0.2127. Should market conditions and volume support the move, BEAMXUSDT could target a stronger resistance zone at 0.259-0.272. 💎Keep an eye on 0.1474. If the price closes below this trendline and key level, the bullish pattern could be invalidated. The setup is clear, but will BEAMXUSDT deliver the breakout? All eyes are on the next move—are you ready? Stay patient and disciplined, Paradisers! Keep these levels on your radar, Paradisers, and trade cautiously! MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Jack
SOL Triggers Pattern with a 200 Mark TargetIs SOL heading to the heavens following the triggering of an inverse head and shoulders pattern this Sunday, or is it just a false move? The inverse head and shoulders pattern will remain valid as long as the price stays above $157.39. 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.
THINKMARKETS:SOLUSD
by ThinkMarkets
Alikze »» SUSHI | Reverse head and shoulders pattern🔍 Technical analysis: Reverse Head and Shoulders Pattern - Reversal Motivational Wave - According to the analysis presented before , after filling the FVG gap, wave 3 continued up to the 0.47 range of the 100 Fibo zone. - After creating demand in the range of 100 Fibo, it has encountered a motivational wave. - It is currently in an uptrend, which has faced a temporary correction after breaking the supply zone. Due to the upward trend, it can encounter the bottom of the channel and meet the demand again and continue its upward trend until the next supply area. - This upward trend can continue in the range of 1.56. 💎 Therefore, by breaking the supply area (red box) and after pulling back to it, it can continue its ascent to the next supply area. ⚠️ Note: In addition, if this modification touches the "Invalidation LVL" area, the ascending scenario will be invalidated. ⚠️ »»»«««»»»«««»»»««« Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support. Best Regards,❤️ Alikze. »»»«««»»»«««»»»««« BINANCE:SUSHIUSDT
Long
by alikze
4
Will ZRXUSDT Ignite a Bullish Reversal? Yello, Paradisers! Have you noticed the key breakout on ZRXUSDT? 🚨 The pair has just broken out of a major resistance trendline and formed an Inverse Head and Shoulders pattern, all while showing a bullish divergence. Are we about to witness a strong reversal, or will this be a fake-out? 💎If ZRXUSDT manages to break and closes candle above the resistance zone, it will confirm the Inverse Head and Shoulders pattern, significantly increasing the probability of a bullish reversal. The bullish divergence adds even more weight to this potential move. 💎In the event of a pullback, a bounce from the support zone is expected. To increase the odds in our favor, we’ll be looking for a bullish I-CHoCH (Internal Change of Character). 💎However, if the price breaks down and closes below the support zone, the entire bullish setup will be invalidated. In that case, the best approach would be to wait for a clearer price action before taking any new positions. 🎖 As always, patience is key, Paradisers! Stick to the strategy, wait for confirmation, and avoid impulsive decisions. Successful trading is all about timing and discipline—don’t rush it! MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise
NIFTY trading precariously - Down move head?NSE:NIFTY daily chart is looking bearish with multiple confluences signaling down move. Trend line break Head and Shoulders 5 waves down If we get a negative close below H&S neckline then it would be second close below neckline and might trigger downfall. On the positive side, ideally we should see a deeper retracement of the 5 waves down-move before the down slide starts. At the minimum 38.2% which would also coincide with downward sloping 20 day moving average, currently around 25300. Would this happen or not, only time will tell.
NSE:NIFTYShort
by YetAnotherTA
2
LOVE - 23 months COMPLEX FORMATION══════════════════════════════ 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. ═════════════════════════════
NASDAQ:LOVELong
by TheArtOfCharting