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
Headandshouldersformation
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.
Head & Shoulders Top Formation $UTHR$UTHR has built a text book classic Head & Shoulders top. It is resting near its neckline breakdown area $213.75. Consolidation above the neckline breakdown area of $215-$220 has created a bearish looking pennant formation. All in all $UTHR looks sickly, and probably headed for lower prices. If neckline of $213.75 breaks, downside obj =$190.00
NASDAQ with a bearish head and shouldersNASDAQ currently suggests that we could be seeing strong selling and a continuation of the down-trend should be imminent from this week forward.
Looking over the statistics of 2022, whenever we had a correction, as we did for a few weeks now and finally ended in the red last Friday, the NASDAQ dropped for at least 2 weeks with strong momentum, if history is right we could see a strong bearish week this week.
CAD/CHF for longWe have the head and shoulders pattern on the 1hr TF on the cad/chf chart. This can be our guide to going long. If you look closely at the price action, you can see that we have the first higher high on the chart, as well as a breakout of the counter trend line. The weekly candle also suggests bullish momentum, but the daily candle suggests indecision, so maybe we could get some deeper retracement (maybe to the harmonic price with the right shoulder), but as you know, the market can do what it wants, so the bulls can start immediately dominate the market. Anything can happen, so managing your risk properly, that is the key.
TRADE ALERT XCN SHORT TARGET .005! 93%+ PROFIT POTENTIAL!Am I seeing this right? I think I am. I have chosen to allocate 8.79% of my portfolio into this short trade. With a 6/1 R/R, the potential exists for up to 93%+ profit. Of course, I will be taking profits along the way if it works out. First take exists around 5 cents. Entry was .085 with a final target of .00588!
My spreadsheet has been updated with this most recent trade.
Best of luck traders,
Stew
As I said 😎Hi everyone,
Yesterday I talked about how DOTUSDT was going to retest an important support level and bounce from it which it actually did. (link down below)
Today we are looking at BTCUSDT where we just did a retest of the lower time frame head and shoulders and we are now at the major resistance level.
In the last couple days, I mentioned that we were going to retest that resistance level multiple times and it did that. For now, I expect the price to consolidate a little bit on that resistance level before we break it to the upside.
Notice that we removed the liquidity that was sitting on top of the last peak.
In conclusion, I think that we are still bullish and we are going to make some nice moves the 2nd half of the year.
Please comment if you have any questions, I will try my best to answer them.
Thank you😊
This ETF will predict the 2022 recession.Looking at the graph, we can see a very high-quality inverted head and shoulders pattern, because the second top made a way higher top than the first top. To add to that, the volume is decreasing rapidly, meaning we are very near the next bottom. This would be definitive for the ETF, because if this ETF increases in price, than the house prices would drop. This would cause a chain reaction, leading to a recession. That is why, on my last study, I said that the 2022 recession is closer than we think it is. A crisis is imminent, so be ready.
AMEX:DRV