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Head_and_shoulder

Hawaiian Airlines HA Reversal LongHA is on a 30 minute- chart. A Head and Shoulder pattern is drawn. It is assymetrical with an ascending neckline extension. An anchored VWAP is added. Price is currently in the deeply oversold zone near to the -2 standard aWVAP line. I see buyers and money flow coming in at this level. The stop loss is 9. The first target is at 10.7 and so about 15% upside in the area of the mean VWAP. The second target is the confluence of the July 10 pivot , the ascending neckline of the pattern and 2 deviations above aVWAP ( the thinnest red line) at the area 12.5. This is about 35% upside. I will take this swing long trade and investigate a suitable call option as well.
H
by AwesomeAvani
🔥 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
NFLX head and shoulders daily?watching netflix over the last few weeks/months, seems to be making a clear head and shoulders move downward, and it would be enhanced by disney/hulu initiating the password sharing and limiting customers that were only paying for one or the other, the user pool was probably diluted from the password sharing as a majority of people dont want ads or pay extra premium.... just my thoughts, short term i am looking down but netflix is well established long term
NASDAQ:NFLXShort
by kamoda112
XPEVXPEV a few weeks back had the hype and excitement of the VW deal marked on the 1H chart as a head and shoulders from which it has falled onto a thick support and demand zone at the present. The ZL MACD indicator shows a line cross under the histogram which has went red to green. On the dual TF RS indicator the greenlower TF has crossed above the black higher TF and they are both rising reflecting two green candles marking a reversal. I will get in this long trade early an plan to get 16-18% out of it.
NYSE:XPEVLong
by AwesomeAvani
MyPOV @ Sun PharmaI am looking at today's Closing which is at crucial level. according Fib level from previous swing low to today's High give 0.618 retracement. What I am Assuming : with Reference of RSI Level previously 60 to give deep towards 40 Level then around 6% retraced. same way if current RSI go to touch the level of 40 then one interesting pattern will emerge which is Head and Shoulder (Mark on Chart). I know there is many if and else in this scenario to play, I am waiting to break Recent Swing Low (980)for put trade for Target 945 and defiantly change the view at 945 level and switch to find buying at that level. For educational purposes only. Not financial advice. Consult a professional before making financial decisions. #Disclaimer #NiVYAMi
NSE:SUNPHARMA
by kzatakia
Reliance Head and Shoulder Pattern Hourly ChartHead and Shoulders Pattern: This is a popular chart pattern in technical analysis that can indicate a potential trend reversal. It consists of three peaks: a higher peak (head) between two lower peaks (shoulders). It suggests that the stock's price might change direction from an upward trend to a downward one. Left Shoulder, Head, and Right Shoulder: These refer to the three peaks in the pattern. The left shoulder has a high of 2543, the head has a high of 2630, and the right shoulder has a high of 2559. The head is the highest point among the three. Breakdown Target: In a head and shoulders pattern, analysts often measure the potential downward movement after the pattern completes. The "height of the head" is the vertical distance from the head's high to the neckline (more on this in the next point). In this case, the height of the head is 2630-2473=2316. Neckline: The neckline is a support level that connects the lowest points of the two troughs between the peaks (shoulders) in the pattern. In this case, it seems like the neckline is at a value of Rs. 2473. Breakdown of the Neckline: A significant event occurs when the stock's price breaks below the neckline. This is seen as a confirmation of the pattern and a potential signal for a trend reversal. In this scenario, if Reliance's stock price drops below Rs. 2473 (the neckline), it suggests a potential further decline in price. Downside Target: The "156 point downside in reliance" refers to the expected price movement if the breakdown occurs. It's calculated by taking the "height of the head" (difference between head high and neckline) and subtracting it from the neckline value. So, 2630 - 2473 = 156. In summary, the analysis suggests that if Reliance's stock price breaks below the neckline value of Rs. 2473, there could be a potential downward movement of 156 points in the stock, based on the head and shoulders pattern on the hourly time frame. This type of analysis is used by traders and investors to make informed decisions about buying or selling stocks. The information provided here is for educational and informational purposes only. It does not constitute financial advice, and I am not a financial advisor. Disclaimer: Trading stocks and making investment decisions involves inherent risks, and you should always conduct thorough research and consider seeking advice from qualified professionals before making any financial decisions. The analysis presented, including the target price calculation, is based on technical patterns and historical data, which may not accurately predict future price movements. The actual performance of stocks can vary widely from any analysis or prediction. Always exercise caution and due diligence when making investment choices. Thank you.
NSE:RELIANCEShort
by imkhushal
2
🔥 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
Until DXY beats this price, this is just a bear flag!Traders, The dollar continues its journey down. So, is my H&S pattern still intact? Well, on the weekly it is. Does that count? I think so. It's not like the dollar has turned the corner here and growing stronger. We are still very much in a downtrend. Even that right shoulder is still valid. And, like I said, on a weekly chart that neckline still holds. Once broken, the dollar is in trouble. What would invalidate my H&S pattern? Well, if the dollar beats that 50 day moving average and then proceeds to move up and above that 103.53 level with confirmation, I might be wrong and would have to re-evaluate at that point. Until this time, the DXY has formed a classic bear flag and I expect weakness to continue. The weaker the dollar, the more dollars it takes to buy a thing. The more dollars it takes to buy a thing, the higher the prices will go to reflect what is needed. This includes stocks. Stay tuned as we keep our eyes on this unfolding event. Stew
TVC:DXYShort
by stewdamus