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Head & Shoulder Pattern Using Mondays Candles Set UPThis is based on mondays candles which are boxed in the coloured boxes the break out of the zone indicates the head as shown.
Then we had a 100% retrace back to the bottom of that Monday zone creating the neck line.
Then the market moved back towards the opposite creating the right shoulder its right about on the support of the left shoulder i expect this to now be in a buy position and possibly move for a 30 to 50 pip movement
Massive C&H pattern in weekly chart?Hi traders and crypto friends, it´s BohemianCrypto,
I´ve found out very interesting C&H pattern in weekly chart. Before halving I expect uptrend move in ichimoku cloud between lines, but atleast to 10k. Then I expect fall to present price till autumn.. What´s next we will see..
Let me know what do you think about my idea, I´m new in cryptos.
GBPCHF - Big drop ahead!Hey everyone, we should start off first with the fact that we broke major support. This shows a lot of weakness for GBP. We have also formed Head and Shoulders that we broke the neckline of, so the pattern is valid, meaning we will see a drop as big as the distance from the neck to the top of the head. We have a few support levels, that hopefully we will break, but taking profits on each of those won't hurt. Good luck!
AMZN - consolidating and looking for momentum to come backAt this level I'm cautiously long. I see this price action as consolidation for the next leg up. Momentum has faded substantially on the hourly charts, but we still look strong on the daily timeframe.
In my previous update (linked) I mentioned $1917.51 as an important level. Its the first level I'm watching today followed by $1925.56 which is a historic level that price reacted around. Once we break through that, my sights are set on $1942.56.
We've had a good jobs report, which should keep us bullish but we could still easily see a dip at open. The levels I'm watching are $1894.89 (strong) followed by $1884.00. I don't think we get lower than that today, but it's always possible to see an excessive dip, if that happens I'm watching the volume node at $1874.47 level. Below that, and we need to step aside and re-evaluate.
GBPAUD Potential Head and ShouldersEarly entry on this because bearish engulfing candle on weekly chart. I'd like to see GBPAUD close the week below 1.9080, which is about the 50% retracement of that weekly engulfing candle.
GBPAUD - Great set up for short!As we can see we are at the potential top of the right shoulder and we see huge divergence, so this is a great signal, that we could be seeing the other arm forming. This trade is great, because you can short now with really tight stop loss for a potential risk/reward ratio of 13
GBPAUD - Learn From Our History!As we can see, we have the same pattern forming up as we had not long time ago and we saw how good it played out! We have another amazing opportunity to execute after the breakage of the neck line of the possible Head and Shoulders. We have a divergence to support the theory, that the Sellers have the upper hand, so get ready for a nice short soon!
NZDJPY - Potential Head and ShouldersAt the end of the week we could potentially be seeing HS pattern which would give us the opportunity to short with great risk-reward ratio. Trade only after the forming of HS and when it breaks bellow the neck as I have shown in the idea.
FOOTSIE 100 POTENTIAL SELL!GOOD AFTERNOON TRADERS, ITS GOOD TO BE BACK! HERE WE HAVE A POTENTIAL SELLING OPPORTUNITY ON THE UK STOCKS. THE CURRENT DAILY PRICE ACTION IS A BEARISH ENGULFING AND IF FINISHES THIS WAY WILL CONFIRM ENTRY BUT I'D STILL LIKE MORE FROM CANDLES FOR A STRONGER CONFIRMATION. IT HAS MULTIPLE CONFLUENCES FROM A TECHNICAL STANDPOINT TO BACK UP THE SELL AND ACCOMPANIED WITH A GREAT RR. FROM A FUNDAMENTAL STANDPOINT UK STOCKS HAVE BEEN RALLYING AND HAS HAD A LOT OF BULLISH MOMENTUM PARTICULARLY IN THIS STOCK. SUCH AN IMPULSIVE MOVE UPWARDS IMPLIES A LOT OF VOLUME AND BULLISH STRENGTH SO TAKE IT EASY WITH THIS ONE AND USE UNDER 1% RISK AS COULD STILL CONTINUE TO RISE.
First post - Cup&Handle pattern? Hi traders and crypto friends, it´s BohemianCrypto,
after months watching and learning i decided to publish my fist idea. It´s not trading advice, I´m still waiting for market to decide, but I see obvious Cup and Handle pattern which i have not seen published by anyone else here...
So my question is what do you thing? Do you see the same in short or am I basically outside the bowl?
Marry Christmas and may the force be with us next year.
Cheers
NULS / Bitcoin | Buy and Sell StrategyPrice going in Sideways channel. We can follow up prices and buy near supports, which I will use as buy strategy
minor support 3900 (15% of position size)
major support 3500 (50% of position size)
Additive support levels at 3290 and 2970 (rest% of the position size)
Place stop loss orders exactly near supports to avoid loss.
For sell, I will follow resistance zones at
4700 (50% of position size) and 5100 (30% position size)
If more flow will come I will keep about 20% of initial position for next resistances at 6500 and 8100.
Lend is forming a Cup&handle pattern!Clearly made it and heading to achieve high targets
• neck line price is a short term target
• second line price is the mid-term target
• highest price line is a long term target
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Adam & Eve Bottom - Do we continue lower?For the first time we are starting to see some signs of sellers getting exhausted and bulls starting to add pressure. Some are calling for a possible "Adam & Eve Bottom" - but where is all the volume? The new money? adoption!
With the small size and relative lack of liquidity in the BTC market - it can be easily manipulated by insider trading desks at exchanges, "whales", or supposed institutional players like Bakkt, CME, etc..
But what is the reality?
Bitcoin can go to zero.
Right now a vast majority of the coins, 11 of the 18 million in supply are being HODL'd hard and have not moved since 2014..
Critical Head and shoulders. Trading rangeOn the 4 H chart there is a nice head and shoulders pattern forming with a good long buy in opportunity.
If the price would break above the neck line of around 7300 it could easily see 8300 range watch for it.
EURCAD Analysis for shorting opportunityAfter what felt like an eternity, price has finally formed the second shoulder completing what looks like an INVERTED DOUBLE HEAD and SHOULDER. Now price has reached the neckline and a major level of structure. One could ask themselves WHAT WOULD PRICE DO?.. break it right away? or take a short ride back down before trying one more time. With that shooting start its clear that the break wont happen now. So we will be taking a small short position is price tries to go back there and upon good price action short.
Gud Luck.
S&P 500, looks extended but it's about to break outThe market broke through the last high but lots of bullish volume leaders in the stock market have yet to move up from their pullbacks. Large companies like Apple and Tesla took market cap but the smaller stocks that yield higher gains haven't moved. If you look at the RSI on this trend you can see that it hasn't gone up nearly what you'd expect it to for the prolonged rise in the market. I think it's going to keep rising and it's going to close the gap on the 30 week moving average sideways instead of dropping on it. Go ahead and look at the SPGI, it has not broken through it's previous high yet and it's indicators are bullish. The global market will contribute on the rise of the S&P 500.
