Inverse head and shouldersAn inverted head and shoulders is almost complete
Price can get a strong upside boost during next weeks
Head and Shoulders
Alikze »» BNB | Ascending Wave 3 or C Scenario - 1D🔍 Technical analysis: Ascending Wave 3 or C Scenario - Reverse Head and Shoulders pattern and bullish channel
- It is moving in an ascending channel in the daily time frame.
- According to the analysis presented in the previous post , after the inability to break the supply area, the range of 530 to 545 faced correction, which after the correction in the Liquidity Area, it faced demand. After that, it entered an upward rally and then From the failure of the supply zone (545-53) and pullback, it entered the upward continuation phase.
- As can be seen, after the correction in the Liquidity Area, a head and shoulders pattern has also been formed.
- It is currently in the supply area.
Therefore, in case of selling pressure, it can face the demand again by correcting in the bottom area of the channel, and after the failure of the supply area and pulling back to it, it can continue its growth until the next supply area, which is also the ceiling of the ascending channel.
💎 In addition, if he can break the supply zone that is the range of the previous hundred fibo wave (the ceiling of the channel), he can continue his growth by pulling back to it until the next supply zone.
⚠️ Note: In addition, it should be noted that this upward wave should not enter the Liquidity Area, touching the number 470.9 will invalidate the upward scenario. ⚠️
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BINANCE:BNBUSDT
Buy idea on the EURNZD @ 1.7700I expect the NZD to weaken vs the EUR if price hits pivotal support at 1.7700. The target is Pivotal Resistance at 1.8000
If price moves above 1.8000 then I'll continue buying
HarryPotterObamaSonic10Inu to get on his Broomstick to $1.20Yes I know it is up 4X in a month
But it has momentum, strength, uniquness, newness, deep liquidity and its ontop of the mother chain of speculation #ETH.
Let alone the continuation pattern that we have in front of our eyes.
If I had fresh funds that had just came into coinbase these are the coins you should be on the hunt for.
Nifty 50 Index - Head and Shoulders Pattern ConfirmedOn the daily timeframe, Nifty 50 has formed a textbook Head and Shoulders pattern, signaling a potential bearish reversal. The left shoulder formed around late August, followed by a higher peak (head) in early September, and now the right shoulder is completed. The neckline has been broken at the 24,612 level, indicating further downside risk.
Key Points:
Pattern: Head and Shoulders (Bearish Reversal)
Neckline : 24,612 (Broken)
Immediate Support: 24,459
Target 1: 23,348 (measured move from the head to neckline)
Volume: Increased during the right shoulder formation, confirming selling pressure.
RSI: Currently near the oversold territory, suggesting a possible short-term relief bounce before resuming the downtrend.
Projection:
Short-term downside: The first target can be seen around 23,348, where the measured move would complete.
Risk Management: A close back above the neckline would invalidate the bearish outlook, with resistance now around 24,816.
Short USDCADUSDCAD is currently in a weekly POI and there has been a strong rally to the top. I will be expecting a retracement. The weekly POI is a good zone to retrace
Confirmation, break and retest on 1hr structure
AUDUSD: Potential Head & Shoulders Pattern Forming? AUDUSD might be setting up for a head and shoulders pattern. Looking at the price action, the structure suggests the possibility of this pattern forming, but we still need the chart to complete the right shoulder for confirmation.
If the pattern plays out and the neckline is broken, we could see a bearish move ahead. Until then, patience is key—let's wait for the right setup to develop.
What’s your view on this? Do you think the pattern will complete, or do you see a different setup? Let’s discuss in the comments!
GBPJPY bearish for 150 pipsIn a bearish trade setup on GBP/JPY with a 150-pip profit target and a 50-pip stop loss, you’re aiming for a reward-to-risk ratio of 3:1. This means that for every 50 pips you risk, you’re potentially gaining 150 pips, which is a favorable setup.
Here’s a detailed breakdown of this trade idea:
1. Setting the Profit Target (150 Pips)
A 150-pip profit target is quite common in GBP/JPY due to its volatility. This target should be set near a significant support level or other technical factors such as:
A previous major swing low.
A Fibonacci extension level (like the 127.2% or 161.8%).
A psychological level or round number (e.g., 180.00, 179.50).
GBP/JPY often moves in wide ranges, so a 150-pip move in a single trading day or session is realistic, especially if the market is trending strongly.
2. Defining the Stop Loss (50 Pips)
A 50-pip stop loss should ideally be placed above a significant resistance level:
A recent swing high.
Above a key moving average (such as the 50 or 100 MA on the 1H or 4H chart).
Above a Fibonacci retracement level (such as the 38.2% or 50% retracement of the latest downtrend).
You want to make sure the stop isn’t too tight, giving the trade some room to breathe, but also protecting you in case of a reversal.
LRCX Inverse H&S Forming! Huge move upward inbound! NASDAQ:LRCX Inverse H&S Forming! Huge move upward inbound!
A break of the neckline would reward a 25% upside to the volume gap!
MNTUSDT on the Verge of a Major Breakout or Breakdown?Yello, Paradisers! Are you ready for a potential bullish breakout? 🧐
💎MNTUSDT has just broken through a critical resistance trendline and formed a textbook Cup & Handle pattern—a strong signal that a bullish reversal could be brewing.
💎If MNTUSDT breaks out and closes a candle above the resistance zone, it will confirm the pattern, increasing the probability of a strong bullish move.
💎Should we see a pullback, expect a bounce from the support zone. But remember, we need to see I-ChoCh confirmation to strengthen the odds in our favor.
💎On the flip side, if MNTUSDT breaks down and closes below the support zone, this would invalidate our bullish setup. In that case, patience is key—we’ll wait for a more favorable price action before making our next move.
🎖 Staying disciplined and waiting for the right confirmation is crucial for long-term success. Don’t chase trades—wait for high-probability setups to play out.
MyCryptoParadise
iFeel the success🌴
Bearish_H&S pattern in Nifty_Tar 23800Nifty forms head and shoulder pattern and now in neck location. If the neck broken with strong Big Red candle, then it confirms. Target 23800
Disclaimer: Above idea is only for study purpose and totally my own view. It's not a Call for buy/sell. I am not a registered call provider.
Technical Analysis of Digital Turbine (APPS)Looking at the stock's (APPS) historical performance, we can see a long lateral phase that lasted about 10 years. It broke out of this sideways trend with a strong bullish rally, reaching a peak of around $100. After that, the uptrend ended, and a downward phase began, following the formation of a Double Top technical pattern.
The downtrend appears to have stopped near a support zone.
When zooming in with a lower timeframe, we notice that the downtrend halted around this area. The stock broke a descending trendline and formed a bullish Head and Shoulders pattern. The neckline was broken with strength, accompanied by a substantial increase in volume, coinciding with the release of earnings and revenue reports.
After the strong rally, the stock retraced and is now sitting at the Point of Control (POC) of a key volume area, which considers the entire history of the stock.
Bullish Scenario
The stock seems to be in a rebound phase after touching the POC. A continued upward movement could target the $7 area, which aligns with another significant volume area.
Bearish Scenario
If the POC area fails to hold, one could consider entering at the $1 level, which corresponds to a support area.
Note of Caution: The stock has experienced a massive loss over three years, dropping from $100 to around $1.50. Therefore, it’s crucial to proceed with caution when evaluating this stock.
LTCUSDT Breakout: Are You Ready for the Next Big Move?Yello, Paradisers! Have you been watching LTCUSDT lately? If not, it’s time to pay attention because things are heating up fast!
💎LTCUSDT has broken out of a descending channel and is now forming an inverse head and shoulders pattern, a classic bullish signal.
💎If LTC can break and close a candle above the resistance zone, this will confirm the pattern and significantly increase the likelihood of a bullish surge.
💎Now, if we see a pullback, watch closely! A potential double bottom could form at the support zone. For safety, though, waiting for an I-CHoCH (Internal Change of Character) to confirm a shift back to bullish market structure will increase the probability in our favor.
💎However, if the price breaks down and closes below the support zone, this invalidates the bullish setup completely. In this scenario, it’s smarter to wait for clearer price action before making any moves.
🎖Patience is key here, Paradisers. Don’t rush into trades—wait for clear confirmations to stay on the right side of the market! Stay sharp and trade smart.
MyCryptoParadise
iFeel the success🌴
CBRL - almost turning bullishCBRL bouncing over 50 DMA and showing relative strength in today’s market sell off.
Long any where now or wait for pullback around 40’s.
This has to break the 47.50 level to move up.
Target 1 - 50
Target 2 - 60
Stop loss - 36
GOLD (XAUUSD): Very Bearish Setup ExplainedGold formed a head and shoulders pattern on the hourly chart, featuring a descending triangle as the right shoulder.
Both patterns had a common neckline, which was breached during the Asian session when an hourly candle closed below it.
This suggests a possible price decline, with targets projected at 2636 and 2624.
XAUUSD(GOLD) SALEENTRY 2645.64
STOP LOSS 2670.02
TP 2616.80 & 2606.21
The daily trend is bearish. The market has already made new low and is now reaching the second resistance, from where we can expect a sell trade.
On the 1-hour chart, a head and shoulders pattern has formed, and its neckline has already broken to the downside. I've taken a trade on the retest
GOLD (XAUUSD): Very Bearish Setup ExplainedGold displayed a head and shoulders pattern on the hourly chart, with the formation of a descending triangle pattern as the right shoulder.
Both patterns shared the same neckline, which was broken during the Asian session when an hourly candle closed below it.
This indicates a potential drop in price, with targets set at 2636 and 2624.
ORDIUSDT: Major Breakout or Breakdown Imminent – Are You Ready?Yello, Paradisers! Have you been watching ORDIUSDT closely? Well, it's showing signs that could lead to a big move! Let's break it down.
💎ORDIUSDT is currently testing a key descending channel and has flashed a Change of Character (CHoCH) towards a bullish market structure. Not only that, but the chart has formed an Inverse Head and Shoulders pattern, which further boosts the chances of a bullish breakout.
💎If ORDIUSDT manages to break above the resistance zone and close a candle above it, this will confirm the Inverse Head and Shoulders pattern, significantly increasing the likelihood of a bullish reversal.
💎On the other hand, if there's a pullback, we could see a bounce from the support zone. However, to confirm this bounce and give ourselves the edge, we’ll need an Internal Change of Character (I-CHoCH) on the lower timeframes.
💎But be cautious. If the price breaks down and closes a candle below the support zone, it would invalidate our entire bullish setup. In that case, it’s wiser to step back and wait for a better opportunity to present itself.
🎖Patience is key here, Paradisers. Remember, only the disciplined and strategic traders make it far. Stick to the plan, and don’t let emotions drive your trades. Stay focused!
MyCryptoParadise
iFeel the success🌴
XAUUSD SELL 1 HOUR TIME FRAMEHead and Shoulder Pattern
Multiple wick rejections as well
Strong supply zone
Price has to fill the gap below
Expecting a 4:1 reward, Let's see!
Inverted Head and Shoulders - Federal BankAn Inverted Head and Shoulders observed in NSE:FEDERALBNK
Entry: 200 and Above
SL 1: RS Nifty 21 turning Negative
SL 2: Super trend 10,3 turn negative
Target: 10 to 15 percentage
APTUSDT: Inverse Head and Shoulders Pattern FormationAPTUSDT technical analysis update
APT has formed an inverse head and shoulders pattern on the daily chart. The price has broken the neckline and is now retesting it as support. Additionally, the price is trading above the 100 and 200 EMAs on the daily chart. A strong bullish move is expected in the coming days.
Regards
Hexa
