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Head-and-shoulder

BITCOIN 4H Inverse Head and Shoulder Bullish PatternBitcoin is forming an H&S pattern which is a bullish pattern. Currently, the market is at a standstill and is waiting for US Markets to react to the Russia-Ukraine Situation. A fundamentally strong event is happening internationally which can shape the markets for months to come if a war happens, the best strategy for me right now will be to wait for the market reaction to the to-be or not-to-be war. From a technical analysis point of view Bitcoin has taken a healthy correction and a point of $40,200 is still not a stretched out possibility as it will liquidate a lot of long positions and that is always a good signal for a good Pump, accumulate alts at sale and stay out of leverage
by CryptoJargonYT
5
ETHUSD - Looking for a Corrective RetracementTF: 8 Hr Possible H and S formation on the 8 hr TF. This has formed after a strong rally, and price may due for a corrective pullback. I think a retracement to the .318 looks like it may be a good area to look for longs. This retraement area offers a few bullish confluences: 1. Area aligns with with a former broke resistance zone; 2. The 0.382 corrective retracement area is also located here 3.Aligns with a new bullish trend line Dollar weakness looks like it may continue for the longer-term which will drive cryptos upwards. The DXY (dollar index) looks very oversold and may need to correct a bit more up which would allow ETHUSD to retrace.
GEMINI:ETHUSD
by MC_Mike_Trading
Gold - Easy head and shouldersHello everyone, as we can see he have a beautiful head and shoulders pattern that we have broke bellow the neck line. We also see divergence on the weekly and monthly timeframe, so a bigger drop is most likely going to happen, because we had way too steep surge and we needed such pullback. For now we should trade only the head and shoulders with the given take profit, because given the unstabillity of the economy, gold might aswell rise a lot in the near future especially during the elections. We can sell now and place the stoploss above the right shoulder. Good luck to everyone!
FX:XAUUSDShort
by donaitelo
How to Properly Sell the Head & Shoulder Pattern for Easy $A head and shoulders pattern is a chart formation that resembles a baseline with three peaks, the outside two are close in height and the middle is highest. In technical analysis , a head and shoulders pattern describes a specific chart formation that predicts a bullish-to-bearish trend reversal. The head and shoulders pattern is believed to be one of the most reliable trend reversal patterns. It is one of several top patterns that signal, with varying degrees of accuracy, that an upward trend is nearing its end. A head and shoulders pattern is a chart formation that resembles a baseline with three peaks, the outside two are close in height and the middle is highest. A head and shoulders pattern describes a specific chart formation that predicts a bullish-to-bearish trend reversal. The head and shoulders pattern is believed to be one of the most reliable trend reversal patterns. Like all charting patterns, the ups and downs of the head and shoulders pattern tell a very specific story about the battle being waged between bulls and bears. The initial peak and subsequent decline represent the waning momentum of the prior bullish trend . Wanting to sustain the upward movement as long as possible, bulls rally to push the price back up past the initial peak to reach a new high (the head). At this point, it is still possible that bulls could reinstate their market dominance and continue the upward trend.However, once price declines a second time and reaches a point below the initial peak, it is clear that bears are gaining ground. Bulls try one more time to push price upward but succeed only in hitting the lesser high reached in the initial peak. This failure to surpass the highest high signals the bulls' defeat and bears take over, driving the price downward and completing the reversal.
Short
by TayFx
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
Long
by Forex_Fire
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.
Short
by KiBeCh29