Headandshouldersformation
ESTE - HEAD AND SHOULDERS - SHORTEarthstone Energy inc. stock is forming in a head and shoulders pattern signalling a short trade opportunity provided that the shape forms. Where, upon a break from the neckline (green line) accompanied with a surge in volume. Price of stock will fall in accordance with the arrow in the chart. The stop loss and take profit levels are shown in the chart. The target would be at the previous support level (white line)
head and shoulder pattern before fomcthe head and shoulders formation occurs when a market trend is in the process of reversal either from a bullish or bearish trend
It is a specific chart formation that predicts a bullish-to-bearish trend reversal. The pattern appears as a baseline with three peaks, where the outside two are close in height, and the middle is highest.
white trend line is neck line
LINKUSDT PULLBACK TO NECKLINEThe price action presents a Butterfly Harmonic in process, in pullback to neckline of the Head and Shoulders formation. This micro consolidation seems to be forming a descending broadening wedge before the potential swing downward to complete the 2nd phase of the CB leg down. 14.6% of Fibonacci retracement target.
LINKUSDT 2-top, H&S, Butterfly; pullback to necklineLINKUSDT 2-top, H&S, Butterfly; pullback to neckline
After a retrace from the Stocks Market, LINKUSDT presents a perfect price action in bearish confluences after exit of a ascendent broadening bottom. We can see a Head and Shoulders in process now, exactly pull-backing to neckline, in a potential Double Top pattern. The prior swing before this pullback fitted 50% of a potential CD-leg of a Butterfly Harmonic Pattern. We can expect a 2nd downward from the neckline which is the weekly volume point of control (POC), strong resistance. A 1st short-term-target has been applied on an AB=CD projection. The 14.6% Fib level is my key level to put targets. Plus hidden bearish divergences on 1H chart w/ Ehlers Stochastic, Awesome Oscillator and Chaikin Money Flow. Definitely bearish.
APE COIN GOING TO ESTABLISH NEW LOWSimple head an shoulders on the daily with volume decreasing.
I've been watching APE since the token was released and it really looks like it's about to dump again.
If it breaks through the floor of 3.06 there is no telling how far it could drop watch that level.
Full Disclosure: I m completely out of APE and nd waiting for an established bottom.
Not Financial Advice
Crab Harmonic and Head and ShouldersA bearish Crab Harmonic and a Head and Shoulders. These are actuallythe most reliable chart patterns playing out. Some swing traders seriously considering a double top from Alt-Time-High but before this we have an imponent H&S that became valid from the fulfillment of your pullback to the neckline and really more reliable. So, I'm targeting a reliable level at 14.6% of the Fibonacci retracement. As we can see on this daily chart I'm adding a confluent projection from the prior bearish CRAB Harmonic. This extension of Fibonacci ratio is in fact 1.278 wich is the square root of 1.618 from a AB=CD pattern.
AIRBNB - Inverted Head & ShouldersMeasured move IF the inverted head & shoulders does in fact play out...
All going to depends on general market sentiment going forward here otherwise we go visit the lows again
-- MANAGE YOUR RISK - -
Disclaimer: All ideas are my opinion and should not be taken as financial advice.
GME How Much Upside?NYSE:GME
GME has made a recent move; is there any more left?
On the one hour chart with the volume profile overlaid.
the head and shoulders pattern of late May to late June
may be providing resistance as does the POC of the
volume profile in the same price zone.
I conclude that GME has perhaps 15% upside and is
not setting up a parabolic move or anything of the sort.
Ethereum Bears puttin' work 🐻ETH on the 4h starting to put work in on the right shoulder of a Head and Shoulders pattern.
With a breakdown of the neckline target would be 1.1k-1.2k
The head and shoulders patterns are statistically one the most accurate of the price action patterns, reaching their projected target almost 85% of the time once break out is confirmed.
It would take an extra 1% but given previous wicks into the Demand Zone I would wait for body confirmation below below the demand zone to help eliminate extra fake outs.
I moved a projected entry to 1530 but where you enter and place stop loss would be determined by your own risk.
Typical stop loss options:
1. Break above right shoulder
2. Above most recent swing high
3. 3% above neckline.
Safe trading and leave your thoughts/pointers in the comments 👇🏻👇🏻👇🏻
EUR/AUD for long (hourly tf)
Hello traders, here we have an inverted head and shoulders pattern on the hourly eur/aud chart. We also have the 1st higher high, so it's time to look for an opportunity for long positions. My preferred scenario is for the price to fall into the harmonic area (with the left shoulder) and if that happens, I'm in. Of course, if you see bleeding in price and the downward movement (which should be a retracement) accelerates down, then wait for other confirmations. But for now we have a lot - daily confirmation, Macd bullish divergence (1 hour) and 1st higher high.