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Head_and_shoulder

H&S and Dark Cloud Cover indicate short term bearish reversal?Heidelbergcement's future not looking good amid a raising interest rates environment for real estate promoters. Technical analysis: Bearish A Head and Shoulders pattern could be underway since Sep 2022 and once the stock has reached a double ceiling level at 77.50€. Besides, a Dark Cloud cover was formed on Friday 29th of September in the right shoulder and today's candle seems to be confirming the candlestick pattern prophecy, which would lead us to first support level ranging from 68.5-70.5€. Beyond analysis and POV: Bearish and Bullish The fact that Vonovia has frozen 60.000 apartments that were supposed to be built now also indicates a reduction of materials' demand to build houses and perhaps other real estate promoters have come up with the same decision. This means, less materials needed for now which could potentially affect Heidelbergcement's profits in the near future. However, the ISM Manufacturing PMI came better than expected for September (actual 49, exp. 47.7 prev. 47.6). This means, any short-term bearish reversal could not last long. Fundamental analysis: All bullish considerations The debt level is considered satisfactory with a net debt to equity ratio of 32.8%. Earnings Payout to Shareholders is 26%. P/E ratio = 7.5 while industry average is 9.1.
XETR:HEIShort
by alexinve
BTCUSDT ↘️ Head & Shoulders patternHello Everyone 🙋🏽‍♂️ As we could see We a change of channel after a head & shoulders patters wish is it a downtrend signal. on my opinion set the stop loss in the right shoulder and the take profit until the support divide to two TP . We are not responsible of any losses for anyone, our trades are profitable more for long terms and we take losses as everyone, manage your lot size as well and your SL and TP Don't forget to hit the like bottom and write a comment to support us. Follow us for more 🙋🏻‍♂️ Best Regard / EMA Trading . Disclaimer: ---------------- It's not a financial advise, As everyone we take losses sometime but for long term trading we are profitable traders, so manage your account well with SL and TP and your lot size to keep your account safe and stay in the market .
Short
by EMA_Trading
7
👑 GBPNZD 🗝️ KEY LEVELS TO WATCH 👀Hello traders!👋 Welcome to another analysis. Today, we'll be diving into the GBP/NZD currency pair, which presents an excellent trading opportunity. The chart showcases a price action reversal pattern, "Inverse Head and Shoulders," on its hourly chart. Prior to this formation, the price had been on a prolonged downtrend. With this pattern emerging, there's potential for a change in direction. The price has broken above the neckline at 2.05029 confirming the pattern. I recommend placing stops at 50% of the distance from our right shoulder to the breakout. Profit Targets: at 62% (2.05692) and 79% (2.05861). Stay tune, there is a lot more to come in this pair shortly. If you find this analysis helpful, please support by liking and commenting. Your encouragement motivates me to provide more updates! TCPLTP
Long
by TradeChartPatternsLikeThePros
H&S on SPY active. Will $410 target be hit?Traders, A strong dollar (11 weeks straight of green candles) and an elevated VIX has helped to trigger a break of this H&S neckline on the SPY chart. The pattern is now playing out but we are on support on the RSI chart where we can usually expect a bounce. Additionally, we have strong support at the 200 day ma just below us. Our target on this H&S is 410. The big question is will we reach that target or will the bottom of my channel which coincides with the 200 day ma catch us before falling that far? Best, Stew
AMEX:SPYShort
by stewdamus
BTC - H&S Pattern point $25K Short TermHi Traders, Investors and Speculators of Charts📈📉 The markets are trading in the red and weak price action on BTC indicates that sellers are dominating the short term, with a nasty Head and Shoulders pattern showing up in the 4h. Shorting Bitcoin can be tempting, especially when prices are actively moving. However, acting on impulse without a plan leads to reckless gambling more often than not. Savvy traders wait patiently for ideal opportunities with defined risk-reward ratios. Also, the risk-reward setup isn't ideal for a leveraged position right on BTCUSDT. BTC grabs attention when it moves, but plenty of other assets offer worthwhile trading opportunities. Expand your watchlist across stocks, forex, commodities, indexes, and more. Evaluate which markets are exhibiting solid technical setups right now. Don't feel pressured to trade BTC just because it's moving. Sometimes the best trade is no trade if conditions aren't ideal. There are other opportunities with better risk-reward setups than Bitcoin. _______________________ 📢Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎Hit like & Follow 👍 We thank you for your support ! CryptoCheck
BITFINEX:BTCUSDShort
by CryptoCheck-
28
Next Support At 1780, Bearish!Hey humans! Aspen Grey here, hoping my transmission reaches Earth on time! ETH is clearly in a major bearish pattern that will help fulfill the head and shoulders type pattern you can see on the higher time frames and also in the picture I have published. In the past, the shape has stopped at the first of supports, like our 1780 line. But the price is also likely to fall if that support will not hold and most likely hit the bottom support I have depicted at 1680. Then it's either bearish winter hell, which could push us further into the depths but let's hope these institutions keep pumping our coins and maybe we will see an ATH this winter. Much love! Aspen Grey
by aspengrey
5
How to Head and ShouldersGreetings, Financial Enthusiasts! 🌟 If you appreciate our charts, give us a quick 💜💜 The Head and Shoulders pattern is a well-known chart formation in technical analysis. It indicates a reversal from a bullish to a bearish trend, usually at the end of an upward trend. Key Points: - Head and Shoulders: Chart pattern signaling trend reversal. - Formation: Three peaks on a baseline - two lower outer peaks and a higher middle peak. - Bullish to Bearish: Suggests a shift from an upward trend to a downward one. - Applicability: Seen on all timeframes, suitable for various traders and investors. - Entry Levels: Easily identifiable, aiding in trade implementation. Why It Matters: The Head and Shoulders pattern provides traders with a visual representation of a trend reversal. It's widely used due to its simplicity and applicability across different timeframes. The Pattern: - Formation (Market Tops): 1. Left Shoulder: Price rises, forms a peak, then falls. 2. Head: Price rises again, forming a higher peak. 3. Right Shoulder: Price falls again, then rises but forms a lower peak than the head. - Formation (Market Bottoms): 1. Left Shoulder: Price falls, forms a trough, then rises. 2. Head: Price falls again, forming a lower trough. 3. Right Shoulder: Price rises again, then falls, forming a higher trough than the head. Neckline: - For Market Tops: Connect the low after the left shoulder to the low following the head to create the neckline. - For Market Bottoms: Connect the high after the left shoulder to the high after the head to form the neckline. Trading the Pattern: - Wait for the pattern to complete before trading. - Entry when price breaks below the neckline (tops) or above it (bottoms). - Stops placed above the right shoulder (tops) or below it (bottoms). - Profit targets calculated based on the head-to-shoulder difference and added (bottoms) or subtracted (tops) from the breakout level. Why It Works: - Sellers enter as price falls from its peak, reducing aggressive buying. - The neckline marks a point where traders exit positions, driving price toward the target. - A lower right shoulder (tops) or higher right shoulder (bottoms) signals a trend shift. - Profit target assumes forced exits by those in losing positions. - The neckline prompts many traders to exit, pushing price towards the target. - Volume analysis helps confirm patterns; expanding volume (bottoms) shows increased buying interest. Pitfalls: - Waiting for pattern completion may require patience. - Not all patterns lead to successful trades. - Profit targets aren't always reached. - External events can disrupt patterns. - Patterns can be subjective; traders should define their criteria. The Head and Shoulders pattern, though not foolproof, provides a structured approach to identify and act on trend reversals.
Education
by Vestinda
21
🐻📉 GBPUSD Alert! Head and Shoulders Pattern(ultra bearish)📉🐻🚨 Brace yourselves for a trend reversal! The GBPUSD forex pair is showing a compelling bearish setup with the formation of a head and shoulders pattern. This classic yet highly reliable pattern has a proven track record of success. Technically, the head and shoulders pattern materializes as the price forms a lower high and breaks through the initial support level, transforming it into a formidable resistance. This signifies a shift in the market sentiment and sets the stage for a potential downtrend. Excitingly, we are now witnessing a crucial development in this setup. The neckline of the pattern has been broken, followed by a successful retest. This presents us with an excellent opportunity to join the ongoing bearish momentum and capitalize on the potential downward move. Our target for this bearish trade will be around 1.20500 with several take profits along the way, aligning with the expected continuation of the downtrend. Stay ahead of the game and make the most of this bearish breakout on GBPUSD! 📉💪 Feel free to share your toughts in the comments section, follow me for updates and don't forget to press the like button if you think this insight was helpful 🚀
Short
by Thomas_Zito
8
Seizing Bearish Momentum: Nasdaq 4H Setup with Gartley Pattern📉Attention traders! After successfully bagging a 1:8 risk reward ratio on the recent rally on S&P 500. There is an exciting Nasdaq setup on the 4-hour timeframe that demands your attention. Here's the breakdown: 📌 Technical Analysis Highlights 📌 🐻 Bearish Gartley Pattern: The Nasdaq chart reveals a bearish Gartley pattern, hinting at a potential trend reversal. 🕯️ Bearish Engulfing Candlestick: Point D of the pattern confirms the reversal, marked by a formidable bearish engulfing candlestick. This indicates that sellers have taken the reins, overpowering buyer sentiment. 📈 Momentum Shift: The price is currently gaining momentum, positioned just below the moving averages, and a crossover seems imminent. This adds weight to the bearish scenario. 📉 Trade Strategy 📉 With these compelling technical signals, it's time to consider a short position on the Nasdaq. Initiate your short trade around 15,420 with a strategically placed stop loss above the recent high, approximately at 15,540, to manage risk effectively. 🎯 Take Profit Targets 🎯 1️⃣ First Target: 15,230 2️⃣ Second Target: 15,000 3️⃣ Ultimate Target: 14,700 Remember, trading carries inherent risks, and prudent risk management is paramount. Perform thorough research and stay updated on market conditions. Best of luck with your trades, and may they yield substantial profits! 💰📉📈 Feel free to share your toughts in the comments section, follow me for updates and don't forget to press the like button if this insight was helpful 🌊🚀
OANDA:NAS100USDShort
by Thomas_Zito
11
USOIL H&S: Optimal opportunity with high Risk-Reward 📉Attention traders! We've uncovered a promising setup on the 1-hour timeframe for USOIL that you need to consider: 📌 Technical Analysis Highlights 📌 🧠 Head and Shoulders Formation: The price action has revealed a classic head and shoulders pattern, a well-known indicator of an impending trend reversal. 📉 Near Neckline Entry: We're currently positioned close to the neckline, which presents the optimal entry opportunity for a short position. This entry point allows for a tight stop loss and a potentially lucrative risk-to-reward ratio. 📈 Trade Strategy 📈 Given the strong technical signals, it's time to enter a short position on USOIL. This strategic setup could prove highly profitable. 💼 Risk Management: Employ a tight stop loss to manage risk effectively and take advantage of the favorable risk-to-reward ratio. Feel free to share your toughts in the comments section, follow me for updates and don't forget to press the like button if this insight was helpful 🌊🚀
TVC:USOILShort
by Thomas_Zito
NQ - Potential Head & Shoulders (Risk off for now)The picture isn't pretty for Bulls at the moment. With a potential Head and Shoulders formation in the making, the likelihood that both the Nasdaq100 and SPX will be testing their neckline "supports" in the near future appears strong. September is historically a "weak" month and this year it appears to be no different. Whether this is just a much need correction for the last quarter boost or something more ominous remains to be seen. Be wary of buying stocks on the cheap unless it is backed by supports that are holding with bullish reversal signals. I will err on longer term bearishness should Nasdaq 100 start to break and stay below it's neckline support of 14687. Let's see! Disclaimer: TA is about improving our odds of a successful trade (not a guarantee). This is just my own analysis and opinion for discussion and is NOT a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management (ie trailing stop loss and position sizing) is (probably the most) important! Take care and Good Luck!
NASDAQ:NDX
by Juliac
XAU/USD 20.09.2023 shortFOREXCOM:XAUUSD Hello traders, For today, I'm expecting a move up to around 1943 during the London session. However, over the New York session, I anticipate a drop down to 1928, possibly even 1924. My entry point would be at 1934, which is a resistance area that aligns with the 68% Fibonacci level. Additionally, this setup could form a nice head and shoulders pattern, providing further confluence. Considering the strong bullish sentiment of the Dollar at the moment, I would not recommend a long position in gold. As always, it's crucial to stay informed about news events, as they can quickly impact market dynamics and lead to new highs or lows. Keep a close watch on both technical and fundamental factors for informed trading decisions.
FOREXCOM:XAUUSDShort
by NeptenFX
Head and Shoulders AMZN LONG $$$AMZN has recently demonstrated an uptrend until a sudden momentum change on 9/19. The current resistance level (neckline) is set at $145.05. With the beginning downtrend, the stock sets up a short position from the neckline to roughly $102. Following a reversal from support of the previous shoulder, a long position forms and AMZN exits the pattern. MacD and SQZMOM are indicative of a trend reversal while RSI is indicative of an overbought condition. In the broader market context, many major stocks have recently experienced significant corrections, followed by impressive rebounds, eventually reaching new 52-week highs. This pattern may serve as a template for what could happen with AMZN after this inverted head and shoulders formation. Possible Long positions and Short positions look like this: Remember to put your stop losses after the last low!
NASDAQ:AMZN
by HammerSurf
"S&P Inverted Head and Shoulders: Targeting 4500 📈🚀Traders, fasten your seatbelts! I've identified a compelling setup on the 30-minute timeframe for the S&P that's too good to miss: 📌 Technical Analysis Highlights 📌 🧠 Inverted Head and Shoulders: The price action has gracefully formed an inverted head and shoulders pattern, a classic reversal formation. This suggests a strong likelihood of an upward retracement as this pattern is highly reliable. 🚀 Upside Potential: The presence of this pattern indicates the high potential for a bullish move. As we dive into this trade, my initial take profit target is set at 4480, with an ultimate goal of reaching 4500. 📈 Trade Strategy 📈 With these compelling technical signals, the strategy is clear: seize this buying opportunity on the S&P. 🎯 Take Profit Targets 🎯 1️⃣ First Target: 4480 2️⃣ Ultimate Target: 4500 Remember, trading carries inherent risks, and it's essential to perform your own due diligence and employ risk management techniques. Best of luck with your trades, and may they bring you substantial profits! 💰📈🚀 Feel free to share your toughts in the comments section, follow me for updates and don't forget to press the like button if this insight was helpful 🌊🚀
OANDA:SPX500USDLong
by Thomas_Zito
2
GOLD: If it fails, the bearish trend will return.We already shared our view on daily chart last week (see analysis below), so today we will look for some potential Patterns on intraday chart. Having said that, if we look at the 1H chart, we cannot exclude the formation of Inverted Head and Shoulders, if this fails, the Price Action should trigger a new Low and a return to the bearish trend also on daily chart. Today, we will only think about managing our long position taken last week and we will think about adding position only after some confirmations which we are currently missing. With this in mind, the signal will be confirmed with neckline breakout. DAILY ANALYSIS (Click on Chart below) Trade with care Like | Share | Comment
OANDA:XAUUSDLong
by TheAnonymousBanker
7