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Headshoulders

USDJPY Head and Shoulders PossiblyThis might be the move I had been anticipating. This would be great if it played out this way. For now this is still only a premise and we need to see a strong sell off here to take it to new recent lows. A new low would support this hypothesis. The pennant idea I had about the USDJPY did not play out which is a good thing because the majority of the times a contracting pennant is a continuation pattern and therefore we would have new highs in USDJPY. If we saw head and shoulders in most asset classes in December (check my charts out as I called them correctly( as bearish selloffs then it would make sense that we would see both bottoming head and shoulders and in flight to safety assets we would see them as topping patterns.
Short
by Sinex
LTCUSDT head and shouldersThe price is testing the support after a breakout from the rising wedge as I told you during the previous idea. The market printed a head and shoulders as well and now the price is testing its neckline as new resistance. How to approach it? IF the price is going to lose the support and retest as new resistance, According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ––––– Follow the Shrimp 🦐
Short
by InkyGrip
16
MKRUSDT head and shouldersThe price is testing the 4h support on 880$ after a new bullish impulse where the market retest the daily area resistance at 1120$ Now the price lost the recent daily support n 955$ and the price is creating an head and shoulders pattern where the neckline is the 4h support How to approach it? IF the price is going to lose the support and retest as new resistance, According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ––––– Follow the Shrimp 🦐
Short
by InkyGrip
2