BEARS vs BULLS Before, I brought up the head and shoulder on the RSI for the 1D candles. Today it’s at 65.05 on the RSI. With super bullish being considered 65+ and the head of the rsi is at 85. There’s still room for it to run before the head and shoulder is out of the picture. There is a lot of hype about the short interest that still could drive in more buyers. With more upside is still in the picture, if the head and shoulder pattern is and option on the RSI, it could head down to 20-30.
Headandshouldersformation
TOTAL2 Completed H&S PatternThe altcoin market (TOTAL2) has completed a H&S pattern
While also including simultaneously a mini left shoulder and a mini right shoulder
A visually appealing pattern to view
EURJPY - Swing Sells ⬇️Price aggressively pushed away from the key round psychological number of 140 and created a head and shoulders formation.
The majority of traders who missed the breakout will have attempted a sell at the EQH's - they have now been liquidated.
The only liquidity that remains is the sellers with stops above the right shoulder.
I am observing price action around this area, depending on the daily close I may initiate a swing sell.
Hopefully, you enjoyed this analysis, give it a thumbs up 🧠
Pidilite.pidilite made an bearish head n shoulder on an hourly charts & negates it by holding neckline of 2194 & breaks above right shoulder, so that makes pidilite a good buy.
Could b bought with mentioned stoploss & targets
NFLX:If it looks like a bottom. . . ?!!Netflix
Short Term - We look to Buy a break of 210.00 (stop at 158.96)
The bullish engulfing candle on the daily chart is positive for sentiment. A bullish reverse Head and Shoulders is forming. This is positive for sentiment and the uptrend has potential to return. Further upside is expected to close the gap between 248.70 and 333.22.
Our profit targets will be 329.00 and 400.00
Resistance: 240.00 / 330.00 / 400.00
Support: 160.00 / 125.00 / 81.00
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persistentPersistent made inverse head n shoulder pattern on an hourly charts & trading comfortably above neckline with decent volumes.
Could be bought with mentioned stoploss & targets.
Nobody saw that comingIn the coming months, I expect the following catalysts
1. Oil coming down, already there are discussions about removing Russia from OPEC
2. 10 Yr coming down, currently forming an H&S
3. FED adopt a more conservative strategy for interest rates going into 2023
4. Massive short squeeze on tech, High short interest rate there!
5. Rotation from oil to tech
45% are comparing this to .com and the other 45% to 08. Guess what the market likes to do...
This is not investment advice, do your own research!!!
Look First / Then Leap
USDCHF a short opportunity 🦐USDCHF on the 4h chart is trading at the recent highs.
The price is in a bull trend and creates a possible short opportunity below a monthly resistance.
After the head and shoulders neckline break the price in fact is approaching a minor support area.
How can I approach this scenario?
I will wait for the EU market open and check for a possible break below the support area .
In that case, i will look for the Plancton's strategy to be satisfied and set a nice short order
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
CADCHF Sell with X3 Confluences
List of Confluence:
1. Head and Shoulders
2. Trendline Breakout
3. Key Level Breakout
The risk reward for this trade is 1 to 5.86.
10 year yield broke below the H&S?It seems like the 10 year treasury yield formed a head and shoulders pattern.
It broke below the neck line on Friday May 20th 2022 which confirms the pattern.
Now we'll have to wait and see if it retests the confluence of resistance around the 2.869% area.
A dip in the 10 year yield may cause a rally in the tech sector and also in the general market.
The measured objective of this pattern would be around the 2.4% area over the coming weeks.
However, there are two levels of support in the way.
1) 2.66% which is a short term support level
2) 2.55% which is a historical level of support.
If we close below 2.55% we may be able to expect a further drop in the yields.
NZD/USDHello traders. I hope you are all doing well. Today I will show you my potential trading plan for NZD/USD next week, if things go as I expect. This is a 4h tf and we can see that we have two inverted head and shoulders patterns on it. The first one is almost done, because the minimum target of this small h&s is around 0.6450, and if the price continues to go higher, we can expect the formation of another h&s, the bigger one. In that case, the price could reach 1.618 extensions, which coincides with strong daily support. In this area, we can consider taking a short position. After that, we can wait for the formation of the right shoulder and consider taking a long position if things continue to move towards this scenario. Otherwise, if the price reaches only the minimum taregt of this small H&S, it is an obvious sign of weakness, so the trading plan should be changed in accordance with the factors that occur in that case.
Gu weekly outlook 22/5/22GU daily chart
Looking for the reverse head and shoulder formation to be formed.
MON-TUE I'm looking on the lower time frames for support to be formed in or above the green one to take buys to swing target.
If support fails or daily breaks and closes below green zone, trade will not be valid.
BTCUSDT Key level to SHORTCorrection in progress. Retest @ neckline w/ optional TP1. Head and Shoulders in validation, highly reliable. Timeframe predicting with applyed Fibonacci spiral. 70.7% Fibonacci retracement as an average good turning point from expected micro pullback. Expecting a slowing downward. Oscillators: Fisher Transform turning point and trajectory of price action predicted; Ehlers Stochastich Center of Gravity hidden bearish divergence. All reversal signals in confluence withe trendline resistence rejected. NONE bullish.
GBPJPY: Imbalance to ImbalancePrice trapped the head and shoulders sellers and I assume the majority of them are now all liquidated.
Maybe we can expect a sell to the fair value gap before we begin buying again.
What are your thoughts? 🔥
BTCUSDT Key level to SHORTBearish divergence on 15M Ehlers Stochastic CG. Supply. Overbought. Right shoulder to accomplish. Head and shoulder pattern in formation. Peak of a bearish flag.
Joe Gun2Head Trade - More downside for S&P500Trade Idea: More downside for S&P500
Reasoning: Downward sloping head and shoulders top pattern
Entry Level: 3989
Take Profit Level: 3860
Stop Loss: 4047
Risk/Reward: 2.24:1
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GBPJPY Short / 159.177 to 149.305 Head and ShouldersI'm still new to this, any additional comments to help me out would be appreciated!
ETH - 4 Hour looks like a trap!Bear Flag + Pennant + H&S
Looks like a trap!
Short entry point and take profits are marked on the chart.
What are your thoughts on this?
Break out or Break Down for Chainlink Testing support @ $10.45 could possibly see a Break out to retest $12. Either way looks bearish as both current positions are a bearish triple top @ $10 or $12 If no further progress is made.past the $12 previous high.
USDT DOMINANCE BEARISH IN LTF! BTC MIGHT PUMP FROM HERE!!Hello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this USDT DOMINANCE update. USDT.D looks bearish here.
USDT Dominance forming a head & shoulder pattern in a 1hr time frame. Head&Shoulder are generally a bearish pattern. So when USDT Dominance is bearish, it means that BTC and other Alts might pump from here. So IMO it's an excellent opportunity to long some Alts and BTC here but does not forget to put SL.
USDT Dominance breaks the neckline of the Head & shoulder pattern and currently retesting it. After this retest, we expect a dump.
Invalidation level:- If USDT Dominance again closes above the neckline (Close above 6.44 level close the long positions)
If you like this idea then do not support it with like and follow.
Also, share your views in the comment section.
Thank You!
TOTAL CRYPTO MARKET BEAR WEDGE PLAYED OUT, H & S IN PLAYTOTAL 1 MARKETCAP
1ST target met which was a Rising Wedge pattern and a confirmed breakdown on the DTF and WTF.
I drew this pattern on my chart January 2022.
you can also see on the WTF it is losing the multiyear TRENDLINE SUPPORT, I would expect a bounce otherwise
2ND target 800B 2018 cycle HH.
3RD target Weekly Head & Shoulders 400-500B.
NOT FINANCIAL ADVICE.
CHFJPY PRICE BREAKDOWNPrice dropped nicely to hit the first target in my previous analysis, then rallied up to form a nice head and shoulder pattern.
The head and shoulder pattern coupled with double top in H1 suggests a deeper pullback will happen.
Expect a small pullback before the drop.
