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Headandshouldersformation

Setup for Head and shoulders pattern on the Daily. #BearishWe have a retest of the left shoulder. Using Fibonacci to get a targeted entry for the sell. Will scalp lower timeframes 5-15M. Looking for price to reenter the .618 level before looking for sells. This is more of a long-term play. Be caution here. The purpose of these posts are for educational purposes only. Nothing associated with this profile or post should be taken as advice to buy/sell any specific financial market. I nor anyone associated with this profile will accept any liability for any financial losses related to any content posted here. Trading is risky, so seek professional trading advice before taking any specific trades/investments.
SKILLING:US100Short
by VividFX
6
🔥 XMR Bullish Head & Shoulders: Watch This Pattern! 🚨XMR appears to have formed a clear inverse head & shoulders pattern, which is the direct opposite of a normal H&S pattern. Classically, this pattern appears at important areas of trend-reversal. I'm going to wait for the neckline to break. Once the price has closed above the neckline, it will be my entry signal. Stop below the right shoulder, target at the 2023 highs. Note: I'm not counting the August 17th wick because it was a stop-loss cascade wick.
XLong
by FieryTrading
10
SHCOMP ~ Snapshot TA / Bearish H&S Development (TBC) / WeeklyChina's Economy is dangerously on the ropes...things have gotten so bad, CCP had to make an announcement on a Sunday night (AEST/UC+10) that they're going to intervene in their domestic market with a raft of "measures" in hopes of boosting market confidence: - Halve stamp duty on stock trading - Tighten pace of IPO listings - Cut margin financing requirements - Restrict listed companies' refinancing - Restrict share reductions by major shareholders My gut instinct tells me this will be a financial disaster...luckily we've got charts to tell us what's really going on. Taking a (Snapshot TA) look, SSE:000001 appears to be developing a Bearish H&S. Extrapolating Head-to-Neckline indicates price could be heading towards a pretty interesting Confluence Zone : - Gap fill (weekly) - Retrace to previous 2014 break-out (aka Return to Scene of Crime) - Key demand/support zone - Multi-decade trend line Note: While chart patterns (ie H&S) are great at spotting trends, etc. it's important to focus on associated demand/supply zones & how price interacts with key levels to determine when & where to scale in/out of positions. All (technical) signs point to SHCOMP in process of capitulating...problem with Govt interventions is it becomes a momentum play in either direction & technicals take a back seat. We'll just have to take note of critical levels, set alerts & wait for the dust to settle.. Boost/Follow appreciated, cheers :) CFD/INDEX: PEPPERSTONE:CN50 PEPPERSTONE:HK50 US: NASDAQ:AIA AMEX:FXI AMEX:EEM AMEX:CQQQ AMEX:KWEB ASX: ASX:IAA ASX:IZZ ASX:IEM ASX:CNEW ASX:ASIA
SSE:000001
by BlueHatInvestor
Netflix. Time to Chill.Today, Netflix's (NFLX) price plunged below the Head & Shoulders neckline, with a pronounced downward move. This breach substantially elevates the likelihood of an extended bearish phase, potentially materializing as a significant sell-off leading into the forthcoming fall season. Projections indicate a retracement towards the 0.5 Fib Extension level, where the price could test support at the mean price of $323.86. This mean price represents the average of the comprehensive bull run, which initiated from the May 2022 low of $162.73 and culminated at a peak of $485, the recent July 2023 top. However, the price could find support at the bottom parallel of the uptrend channel around $370 first before reaching the mean average price target. The RSI has plenty of downside room heading into the next several weeks heading into oversold territory. Moreover, the recent FOMC minutes revealed the Fed's continued hawkish view on inflation and the possibility of further rate hikes. We can also expect more fiscal tightening and an inflation resurgence to fuel the coming downtrends across most of the equities markets, especially big tech and crypto. This is particularly noteworthy as the economy could begin to contract due to overly tightened fiscal conditions, along with the looming threat of another Government shutdown in October. Additionally, credit usage, debt levels, and debt interest amounts are all increasing at a faster pace as we progress under these economic conditions.
NASDAQ:NFLXShort
by MinerChad
1
Netflix. Time to Chill.Today, Netflix's (NFLX) price plunged below the Head & Shoulders neckline, with a pronounced downward move. This breach substantially elevates the likelihood of an extended bearish phase, potentially materializing as a significant sell-off leading into the forthcoming fall season. Projections indicate a retracement towards the 0.5 Fib Extension level, where the price could test support at the mean price of $323.87. This mean price represents the average of the comprehensive bull run, which initiated from the May 2022 low of $162.73 and culminated at a peak of $485, the recent July 2023 top. However, the price could find support at the bottom parallel of the uptrend channel around $370 first before reaching the mean average price target. Moreover, the recent FOMC minutes revealed the Fed's continued hawkish view on inflation and the possibility of further rate hikes. We can also expect more fiscal tightening and an inflation resurgence to fuel the coming downtrends across most of the equities markets, especially big tech and crypto. This is particularly noteworthy as the economy could begin to contract due to overly tightened fiscal conditions, along with the looming threat of another Government shutdown in October. Additionally, credit usage, debt levels, and debt interest amounts are all increasing at a faster pace as we progress under these economic conditions.
NASDAQ:NFLXShort
by MinerChad
1
🔥 Ethereum Head & Shoulders Break Out! Sell-Off IncomingIf you enjoy this analysis, please like and follow. Just like BTC, ETH has been trading relatively bullish since 2023. However, ETH failed to make new highs in July, unlike BTC, which makes is arguably a lot weaker. With ETH being the king of the alts, this bearish pattern might signal more pain coming for the altcoins. I'm anticipating a move towards the November 2022 lows, around 1080. With a stop just above the mosst recent swing high we can construct a very decent short trade with great risk-reward. Are you bearish on ETH? Share your thoughts🙏
Short
by FieryTrading
36
XAUUSD | Perspective for the new week | Follow-upThe precious metal appeared to find strong support, hovering above the crucial $1,930.00 level for most of Wednesday and Thursday. However, things took a thrilling turn after the Non-Farm Payroll data release, as Gold broke out of the $1,993.8 level, setting the stage for a potential reversal ahead. The US Dollar is currently facing headwinds, thanks to a lower-than-expected increase in Nonfarm Payrolls, with only 187,000 new jobs reported in the July jobs report. This economic development has significantly impacted investor sentiment and boosted the safe-haven appeal of Gold, especially given the unpalatable revelation from Fitch's risk rating. As investors keep a watchful eye on the unfolding events, the implications of Fitch's downgrade of the United States government's long-term debt rating are being carefully processed. This situation has the potential to significantly impact the Gold market, adding to the intrigue and excitement as bulls look forward to continued bullish momentum in the upcoming week. XAUUSD Technical Analysis: In this recorded video, we embarked on an in-depth analysis of XAUUSD's price action, focusing on intricate patterns of accumulation and distribution. By dissecting past price movements, interpreting market behaviors, and identifying recurring trends, we gained invaluable insights into the motivations and actions of both buyers and sellers. Our attention was drawn to the key level at $1,930, which holds tremendous importance for the week ahead. It served as a pivotal focal point, and the continued rejection of the $1,930 zone from buyers could set the tone for a bullish momentum in the coming week. Let's replicate the triumphs of the previous week and prepare ourselves to seize the opportunities that lay ahead! With these updates and comprehensive analysis, we are equipped with the necessary tools to make well-informed and strategic trading choices throughout the week. Stay tuned for more thrilling updates on the Gold market! Remember, trading involves risks, and I always recommend exercising caution and seeking advice from financial professionals. Hit the like button if you found this analysis helpful, and don't forget to subscribe for more exciting content! 📺🔔💼 Disclaimer Notice: Please be aware that margin trading in the foreign exchange market, including commodity trading, CFDs, stocks, and other instruments, carries a high level of risk and may not be suitable for all investors. The content of this speculative material, including all data, is provided by me for educational purposes only and to assist in making independent investment decisions. All information presented here is for reference purposes only, and I do not assume any responsibility for its accuracy. It is important that you carefully evaluate your investment experience, financial situation, investment objectives, and risk tolerance level. Before making any investment, it is advisable to consult with your independent financial advisor to assess the suitability of your circumstances. Please note that I cannot guarantee the accuracy of the information provided, and I am not liable for any loss or damage that may directly or indirectly result from the content or the receipt of any instructions or notifications associated with it. Remember that past performance is not necessarily indicative of future results. Keep this in mind while considering any investment opportunities.
PEPPERSTONE:XAUUSD
by darcsherry
EURUSD BULLISH I see a Inverted Head and Shoulder pattern on 4 hr Tf this led me to believe i have a bullish opportunity. Further analysis i see a falling resistance that has potential of being broken out of depending on the momentum the candle posses at this time. Going on Daily TF i see this same type of trend line broken from momentum and i have concluded there is definitely bull power. It can either come back and give us a entry at right shoulder/ or wait for the breakout at the neckline to get a retest and continue up. - PGP :)
Long
by PrettyGirlPips
🔥 Ethereum Looks Ready To Dump: Bearish Head & ShouldersIf you enjoy this analysis, please give it a like and a follow. ETH has been trading practically flat since the start of April, well over 4 months at this point. Similar to Bitcoin, ETH is trading alongside a strong diagonal support, keeping the bulls in power. Looking at the chart, we can spot a classical Head & Shoulders pattern, which often signals an incoming dump. Wait for the price to close the daily (or higher timeframe) candle below the diagonal support (neckline) before considering an entry. In case of a dump, consider to put your targets around 1620, 1370 or 1150.
Short
by FieryTrading
17
AUDUSD,Bearish trend,Head and ShoulderGood afternoon, I hope everyone had a succesful trading week and week in their daily lives. Here is a pre market forecast for AUDUSD this upcoming trading week. Last week, AUDUSD was bearish for the most of last week. Toward the end of the week it began a retracement process. Price broke the daily supply/demand area @0.65944. Price is projected to continue bearish momentum to the next 4hr supply/demand area @0.65464. If price rejects this area, look for the head and shoulder formation to form to confirm this projection. If there are any questions, comments, concerns, or you may have a similar analysis to mine please do not hesitate to share, comment, and boost this post.
Short
by NoPumpFakesFx
🚀📈Gold Alert! Bullish Breakout from Head and Shoulders PatternGet ready for a potentially lucrative opportunity in Gold! The shiny metal has formed a compelling bullish setup with the emergence of a head and shoulders pattern. After our successful venture with GBPJPY, we now have another exciting prospect to capitalize on. The head and shoulders pattern has proven its reliability time and time again, and now it's making an appearance in the Gold market. This classic chart pattern indicates a significant shift in market sentiment and often leads to a powerful bullish breakout. With this setup, we have the perfect opportunity to take advantage of the bears getting trapped in their own game. By strategically placing a buy position, we can ride the upward momentum as Gold aims for new heights. Our initial take profit target is set at 1957, a key level where we expect a significant resistance to be tested. Beyond that, our ultimate target is 1975, as we anticipate a continued surge in price. 🎯🚀 Feel free to share your toughts in the comments section, follow me for updates and don't forget to press the like button if you think this insight was helpful !🚀
OANDA:XAUUSD
by Thomas_Zito
10
🔥 Bitcoin vs Money Supply: Massive Move On The Horizon?M1 Money Supply (M1SL): "M1 is the money supply that is composed of currency, demand deposits, other liquid deposits—which includes savings deposits. M1 includes the most liquid portions of the money supply because it contains currency and assets that either are or can be quickly converted to cash." - Investopedia The M1SL amount is important since it tracks the amount of money in an economy that is able to be deployed quickly into the economy. If people have more to spend, they will generally spend more as a result of this. When we take a look at the $ value of BTC divided by M1SL, the chart has been trading relatively flat since December of 2017. This means that Bitcoin has not gained substantially against the central banks' money printers. On the other hand, it appears that BTC/M1 has been forming an inverse Head & Shoulders pattern over the last 5.5 years. Assuming this pattern will play out, BTC will continue to gain against M1 and break out of this 5.5 year consolidation pattern. Assuming that M1 will continue to increase (like it always does), this would mean that BTC will see another 2016-2017 scenario in the future where it will see exponential returns and potentially even do a 100x over the next few years. This scenario is not the most likely scenario to play out, but it's definitely an interesting one. Hope to hear your thoughts in the comments 🙏
BITSTAMP:BTCUSDLong
by FieryTrading
21
🐻📉 GBPJPY Alert! Head and Shoulders Pattern(ultra bearish)📉🐻🚨 Brace yourselves for a trend reversal! The GBPJPY forex pair is showing a compelling bearish setup with the formation of a head and shoulders pattern. This classic yet highly reliable pattern has a proven track record of success. Technically, the head and shoulders pattern materializes as the price forms a lower high and breaks through the initial support level, transforming it into a formidable resistance. This signifies a shift in the market sentiment and sets the stage for a potential downtrend. Excitingly, we are now witnessing a crucial development in this setup. The neckline of the pattern has been broken, followed by a successful retest. This presents us with an excellent opportunity to join the ongoing bearish momentum and capitalize on the potential downward move. Our target for this bearish trade will be around 180, aligning with the expected continuation of the downtrend. Stay ahead of the game and make the most of this bearish breakout on GBPJPY! 📉💪 Feel free to share your toughts in the comments section, follow me for updates and don't forget to press the like button if you think this insight was helpful 🚀
Short
by Thomas_Zito
15