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Inverse Head and Shoulders

XAUUSD | New perspective | follow-up detailsAmidst uncertainty over the extent of the Federal Reserve’s future tightening path, the U.S. dollar weakened and went on to close the week at a 2.7% loss. Despite a series of robust economic data releases in recent times, including inflation pushing in at elevated levels, there are high expectations that the U.S. central bank will deliver a 50 basis point rate hike in two weeks’ time. So in this video, we have taken the time to observe the charts from a technical standpoint to decipher how to prepare for the new week. 00:45 Reference to last week's daily commentaries and results 05:05 XAUUSD Technical analysis on Daily chart 09:00 Macroeconomic events to look out for the week 11:05 XAUUSD Technical analysis on 4H Timeframe 13:54 Conclusion on next week's expectation on XAUUSD Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
FOREXCOM:XAUUSD
by darcsherry
2
Bitcoin to 10K! Disgusting This is a bearish technical analysis of Bitcoin. It's supported by technical tools, and I am not saying this is going to happen; this is just a scenario because we need to consider all possibilities. First of all, we need to take a look at the bearish wave from November 2021 to November 2022. It definitely looks like an impulse wave; it's pretty obvious, but I have seen a lot of failed impulses on the other side. You may say that it's not an impulse but a WXYXZ triple-three corrective pattern. It's possible, but in my opinion, these patterns tend to have more sideways price action than steep. You may also say that it's an ABC correction, but there are clearly 5 waves. Since November 2022, Bitcoin has been going upward. The wave looks very strong, and I think we will reach levels above 25K before a potential drop to 10k to complete an ABC correction. It's very likely that this is going to happen. Currently we are in wave B, which is a corrective wave, and we could end this wave at around 20k or 19k at the 0.618 FIB retracement. I do not watch news often, to be honest; I am more of a technical guy, but I can't ignore the Binance bad news. There is speculation about the closing of the Binance US exchange, and their stable coin, Binance USD (BUSD), has some problems as well. But I am not surprised at all. A potential collapse of Binance could send Bitcoin to 10k in just a matter of days. For example, you can take a look at the COVID crash in 2020; it was a pretty fast liquidation of longs. This analysis is not a trade setup; there is no stop-loss, entry point, profit target, expected duration of the trade, risk-to-reward ratio, or timing. I post trade setups privately. 10k is a strong psychological level, and there is plenty of reason to buy Bitcoin here. 0.618 LOG FIB retracement and the start of the GAP are definitely reasonable targets. Like I said before, this analysis is just a scenario that could happen to give you more perspective on the market. I always have a bullish and a bearish scenario ready to execute, so it's not about being wrong or right; this is not how you trade markets. Let me know in the comment section, do you think Bitcoin is going to drop to 10k? Or we are going to a new all time high. Thank you, and for more ideas, hit "Like" and "Follow"!
Short
by UnknownUnicorn2537518
99
XRP - Final 50% crash, life-time opportunity to buy! XRP will give you a life-time opportunity to buy for an extremely cheap price, around 0.18 USDT! It's going to happen probably very soon, so make sure you are prepared! This is a whole chart of XRP from 2016 to 2023. As you can see, the massive pump in 2017 was very strong, and right now XRP has been consolidating in this bullish regular flat pattern (3-3-5). My calculations say that we are at the end of the pattern, specifically in wave 5 of wave C. If we look at the local price action from 2022–2023, we can spot a bearish head and shoulders pattern. The bears are going to send XRP lower, to around 0.18 USDT. What's more, there is a falling wedge pattern. It's hard to see a breakout at this moment, and it's likely to hit the bottom of the wedge instead. Which is a 50% drop. We should find a support at the bottom of the falling wedge! This is your once-in-a-lifetime opportunity for a 20x profit in the next few months / years. This analysis is not a trade setup; there is no stop-loss, entry point, profit target, expected duration of the trade, risk-to-reward ratio, or timing. I post trade setups privately. We don't know how the pump is going to look, but you will not have too much time to enter because the market moves aggressively to the upside while going sideways very slowly. I expect a huge green dildo on the weekly and monthly charts. This analysis is like no other. No one will give you an Elliott Wave count on XRP from the beginning. If you know about anyone, let me know in the comment section; I want to follow him. My plan is to buy/long XRP around 0.18 USDT for a 20x minimum gain. I am telling you it will be a massive pump, and for the best feeling you want to be in the market. The bears have been waiting for an incredible 5 years, but you do not need to wait; you can simply catch the bottom and take advantage of the massive pump in a short period of time. After that, you can buy some tasty Japanese wagyu. Thank you, and for more ideas, hit "Like" and "Follow"!
Short
by UnknownUnicorn2537518
48
Bitcoin - No one is expecting this! (react fast) The new monthly candle is closed as a DOJI. This is one of the most powerful reversal candles that can happen at the end of a trend. The previous candle from January was a huge green candle, so this DOJI from February is an indication of bullish exhaustion. The bulls were not able to continue the uptrend, and the bears stepped in. This is the psychology behind this reversal candle, and of course, do not forget that the monthly interval is very powerful; that's why it has a lot of value. On the chart, you can see the gate to a new bull market. We are going to enter through the gate later this year, but not now. I expect a last pullback to 17k - 18k to fill the gap and retest the previous market structure. Simply, we need a retest because that's what markets usually do. This is what is going to happen. The market never moves in a straight line, and because the bear market was extremely steep, the bulls need more time to recover and accumulate! This scenario is not just an option that can happen; in my opinion, it's very likely to happen! But it's also good news for people who still need to buy cheap bitcoin. At this point, we can see an incomplete reversal pattern. I feel like I am missing something. The right shoulder is not yet formed, and the GAP is unfilled. If we continue to go higher, then it will be even worse because otherwise we are going to crash even more at a higher level. The DXY index is rising at this moment, and we will reach much higher levels. This analysis is not a trade setup; there is no stop-loss, entry point, profit target, expected duration of the trade, risk-to-reward ratio, or timing. I post trade setups privately. I think the majority is now bullish, and everyone is talking about the future of bitcoin and how it's going to be great. It will, but now we need to shake out these traders from the market by going down. There are a lot of signs of trend reversal on lower timeframes, too. The bears started to sell, and you can identify this action, of course, because the price action never lies. It looks like the sellers are back. Thank you, and for more ideas, hit "Like" and "Follow"!
Short
by UnknownUnicorn2537518
93
Ethereum is ready for a massive pump! (again) It has been one of the best 2 months in crypto history, with tremendous gains on altcoins. Euphoria is at a very high level, but it's going to be even higher because ETH is forming this incredibly bullish pattern! My main focus is and always will be on altcoins, and I am monitoring all futures + spot pairs on major exchanges. I prefer to trade on leverage, so you don't need too much margin compared to the spot. Ethereum's chart is displaying an inverse head and shoulders pattern, and I am confident that once we break the neckline, we will see a massive green dildo, which is why you should be in. It's a good idea to buy ETH right now and set your stop-loss below the right shoulder. You don't want to wait for a confirmation! You want a higher risk-to-reward ratio instead. This analysis is not a trade setup; there is no stop-loss, entry point, profit target, expected duration of the trade, risk-to-reward ratio, or timing. I post trade setups privately. On higher timeframes, ETH has been moving in an ascending parallel channel on the LOG scale. This channel is indeed very resistant; make sure you are aware of it. From the Elliott Wave perspective, the wave structure is totally incomplete. We are still in the 3d wave, and we have plenty of time for the upcoming uptrend! Some altcoins are skyrocketing with 100% - 500% gains already. Do not forget to take a look at my previous analysis on BTC - "30k next stop, then big crash! (Whales plan)." Thank you, and for more ideas, hit "Like" and "Follow"!
Long
by UnknownUnicorn2537518
71
BOSCH - NSE - INDIACompany website- www.bosch.in Founded in 1886, into multinational engineering electronics, presence is over 60 countries worldwide. Major product line- Automotive Aftermarket parts ( battery, spark plugs, wipers, brakes, clutch plates etc ) and smart mobility ( autonomous and Iot enabled ) Household appliances- fridge, dishwashers, washing machines, microwaves etc Powertools, software, engineering etc - Huge diversity of business. Invested into the blockchain for future growth. Financials- Assets worth 9000cr, zero debt, high brand value, fv 10- becomes a candidate for split/ bonus ____________________________________________________________________________________ Inverted head and shoulder pattern = classic reversal A strong buy.
NSE:BOSCHLTDLong
by EVOQUE5000
6
BTCUSDT-Pulback idea/Daily TimeframeI would like to share with you an idea that I have been pondering on. Please note that this chart is not intended to be taken as financial advice. After a decent upward trend, Bitcoin appears to have stalled below the resistance of 25000$. My theory is that we may see a pullback to the previous all-time high, potentially forming the right shoulder of an inverted Head and Shoulders pattern. To create this chart, I utilized two indicators: the Order Block Detector and the Fibonacci Grid . As always, I encourage you to be cautious and use stop loss measures to mitigate risk. I wish everyone a profitable week ahead.
Short
by cryptomate92
GALAUSDT is ready for the breakout?The current price of GALAUSDT is testing a dynamic resistance level in the $0.05 area where the market also has a static daily resistance level. Additionally, the price is creating an inverse head and shoulders pattern, which is a technical chart pattern that may indicate a potential trend reversal from a downtrend to an uptrend. An inverse head and shoulders pattern consists of three distinct troughs or valleys with the middle trough being the lowest, forming the "head," and the two outer troughs forming the "shoulders." The middle trough or the "head" is typically lower than the shoulders, and the pattern is completed when the price breaks above the "neckline," which is a trend line drawn connecting the high points between the shoulders. If the price of GALAUSDT is able to break out from the neckline of the inverse head and shoulders pattern and the market satisfies Plancton’s rules, it may be a signal for a long position. To satisfy Plancton’s rules, a trader may have a predetermined entry price, set stop loss and take profit levels to manage risk and maximize profits, and monitor the price action for any signs of a trend reversal or invalidation of the initial analysis. ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ black structure -> <= 1h structure. ––––– Follow the Shrimp 🦐
by InkyGrip
13
Algo with perfect retest of green channel tl as supportPerfect support retest of the bottom trendline of the green horizontals channel. In reaching there price also broke above the purple falling wedge…we can also see now that price is testing the turquoise neckline of an inverse head and shoulders as well. I have put the inverse head and shoulder target and the falling wedge targets on the chart for now. Will add the channel breakout target if/when we get closer to its top trendline. *not financial advice*
COINBASE:ALGOUSDLong
by DrDovetail
3