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Head_and_shoulder

Update: GBP/JPY +50 Pips Congratulations If U Entered Update: the price moved exactly as i mentioned before. It broke the neckline, retested it and moved +50 Pips. Congratulations all if u entered with me. We have a very clear head and shoulders pattern here and also the price closed below neckline , so we can wait the price to go back to retest neckline and give us a bearish price action and then we can enter a sell trade . This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
Short
by FX_Elite_Club
ETH Forms Large Head & Shoulders Bottom, Might Break $4,000 SoonCRYPTOCAP:ETH has completed the right shoulder of a large head-and-shoulders bottom pattern, with the drop almost identical to the left shoulder. Zooming in, #ETH is currently testing the ascending trendline (marked in pink) that started on 11/14. In the coming days, watch if it can hold above this line. If it holds, the price could quickly surge past $4,000. A key level to watch is around $3,331, which is the bottom of the candlestick with the highest recent trading volume. Although it seems less likely right now, if this level breaks, it's possible that major players might intentionally push the price below the large triangle convergence bottom (marked in yellow) formed since June 2022, further shaking market confidence. (From August to November last year, there was a similar intentional move, where the price was suppressed along the triangle's lower edge for three months, creating multiple bottoms before a strong rally.) Follow me for more future price action scripts for different coins!
Long
by Harold_123
Head and Shoulders pattern on the 4-H, for DXY US Dollar IndexTVC:DXY This chart shows a clear Head and Shoulders pattern on the 4-hour time frame for DXY (US Dollar Index), which is a bearish reversal pattern. Here's a short analysis: Key Levels: The neckline is at approximately 108.000, acting as a crucial support zone. A breakdown below the neckline would signal further bearish momentum. Pattern Confirmation: Wait for a breakout below the neckline, followed by a possible retest, to confirm the pattern. Bearish Target: The measured move from the head to the neckline can be projected downward, aligning with the next key support levels around 107.000–106.500. Invalidation Zone: If price breaks above the right shoulder high (around 108.800–109.000), the bearish scenario could be invalidated. Would you like to explore specific trade setups based on this pattern? Here’s how you can structure trade setups based on the Head and Shoulders pattern visible in the chart: 1. Bearish Setup (Breakout Strategy) Entry: Enter a short position after a confirmed breakout below the neckline (108.000). Wait for a strong bearish candle close below this level. Stop Loss: Place the stop loss above the right shoulder high at 108.800–109.000, depending on your risk tolerance. Take Profit Targets: 1st target: 107.500 (psychological level and near-term support). 2nd target: 107.000 (projected move based on pattern). 3rd target: 106.500 (long-term support zone).
TVC:DXYShort
by TRADE_CENTER_1
Be careful with EURUSD !!!As you can see, the price has broken the head and shoulders pattern, and now, with a slight correction, the price can grow by the amount equal to AB = CD. Give me some energy !! ✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us. Best regards CobraVanguard.💚 _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Long
by CobraVanguard
ETH copying pattern? Potential drop below $3,000?CRYPTOCAP:ETH seems to be repeating an old pattern—I’ve marked it with an arrow. I first noticed this about 10 days ago, and as time goes on, it’s looking more and more like the left shoulder of a classic head-and-shoulders bottom. Interestingly, the #MACD is perfectly mirroring the same movement too. If #ETH is indeed forming the right shoulder, we could see a pullback of around 31%, dropping it below 3000 to roughly 2800. This move makes sense, as key players often target psychological levels like 3000, where a lot of stop-loss orders are placed, potentially triggering larger price shifts. What’s even more intriguing is that a drop to 2800 would push ETH below the lower edge of the symmetrical triangle, which could seriously dent market confidence. What do you think? Does this match your analysis, or are you seeing it play out differently? --- Let me know if you'd like further tweaks!
by Harold_123
1
Potential Head & Shoulders Pattern on ATOMUSDT (1D Chart)A Head & Shoulders (H&S) pattern is potentially forming on the ATOM/USDT daily chart, signaling a bearish reversal if confirmed. --- Pattern Structure 1. Left Shoulder: - Top: 7.0 USDT - Bottom: Around 5.8 USDT 2. Head: - Top Wick: 7.8 USDT - Bottom: 5.9 USDT 3. Right Shoulder (forming): - Potential Top: Around 7.0 USDT (symmetrical to the Left Shoulder). - Bottom: Around 5.8 USDT , completing the neckline. 4. Neckline: - Slightly downward sloping, connecting the bottom of the Left Shoulder, Head, and Right Shoulder at approximately 5.8-5.9 USDT . --- Target Calculation The pattern height is measured from the Head's top wick (7.8 USDT) to the neckline midpoint (5.85 USDT): - Height = 1.95 USDT Projecting this distance downward from the neckline (~5.85 USDT): - Target = 5.85 - 1.95 = 3.90 USDT --- Potential Trade Setup Short Trade Plan 1. Entry Points: - Anticipation Entry: Around 6.5-6.6 USDT , assuming the Right Shoulder is in already in the process of forming. - Confirmation Entry: Below 5.85 USDT , after a breakdown of the neckline. 2. Stop-Loss: - Place a stop-loss at (tight stop-loss) or just above (slight margin) the Right Shoulder top at 7.0-7.2 USDT to account for false breakouts. 3. Take-Profit Levels: - TP1: 4.0 USDT , near a historical support zone. --- 3.9-4.0 USDT as a Potential Buying Zone - The 3.9-4.0 USDT range aligns with the measured target of the Head & Shoulders breakdown and is a strong support zone historically. - Long-term investors can monitor this range for accumulation --- Key Observations 1. Volume Confirmation: - Watch for high sell volume during the breakdown of the neckline ( 5.85 USDT ) to confirm bearish momentum. 2. Reversal Risk: - A daily close above **7.2 USDT** invalidates the H&S pattern, signaling bulls may regain control. 3. Patience is Key: - Wait for the Right Shoulder to complete and the neckline to break before fully committing to short trade. --- Summary ATOM/USDT is showing a potential Head & Shoulders pattern , with a bearish target of 3.9-4.0 USDT . This range could also act as a strong buying opportunity for long-term investors.
Short
by BL4Z3_001
(WTI Crude Oil) US oil Short - 1.62RR - Head And ShoulderTrade Idea: Short US Oil (WTI Crude Oil) Analysis: Head and Shoulders Pattern: The Head and Shoulders pattern is a classical reversal pattern that typically forms after an uptrend and indicates a potential trend reversal to the downside. In this case, the presence of a Head and Shoulders pattern on US Oil suggests a possible reversal from bullish to bearish sentiment. Technical Indicators: Confirmation: Look for additional technical indicators or chart patterns to confirm the potential reversal signaled by the Head and Shoulders pattern. This could include bearish divergence on oscillators like RSI or MACD, bearish candlestick patterns, or a break below key support levels. Trade Setup: Entry: Place a sell stop order below the neckline of the Head and Shoulders pattern. The neckline acts as a key support level, and a break below this level confirms the pattern's completion and the potential downtrend continuation. Ensure the entry is triggered only when the price breaches the neckline. Stop-loss: Set the stop-loss order above the recent swing high or above the right shoulder of the Head and Shoulders pattern to protect against potential losses if the price reverses unexpectedly. Place the stop-loss level outside of the pattern to avoid being stopped out by normal market fluctuations. Take-profit: Determine the take-profit target based on key support levels, Fibonacci extensions, or a favorable risk-reward ratio. Consider scaling out of the position as the trade progresses to lock in profits. Risk Management: Position Size: Calculate your position size based on your risk tolerance and the distance between your entry point and stop-loss level, ensuring that you only risk a predetermined percentage of your trading capital per trade. Risk-Reward Ratio: Aim for a risk-reward ratio of at least 1:2 or higher to ensure that potential profits outweigh potential losses. Conclusion: With the formation of a Head and Shoulders pattern indicating a potential reversal to the downside for US Oil, a short position presents a favorable trading opportunity. However, always conduct thorough analysis, practice proper risk management, and remain vigilant for any unexpected market developments.
TVC:USOILShort
by MAAwan
BTC Correction Incoming? Key Support Zones to MonitorOver the past 50+ days, Bitcoin has been consolidating within a well-defined range, with the all-time high (ATH) at 108K marking the upper boundary and 90K as the lower boundary. The current price action has formed a Head and Shoulders pattern, with the neckline positioned around 90K. Volume and Recent Price Action Volume has notably decreased compared to the elevated levels seen in November and December 2024, signaling weakening momentum. Price rose significantly to 102.7K, reaching the 0.666 Fibonacci retracement level of the current downtrend, where it faced a sharp rejection. This rejection led Bitcoin to test the lows around 91.5K. Key Resistance Levels 97K (POC): The Point of Control (POC) of the current range sits around 97K, which also aligns with the anchored VWAP taken from the all-time high. 98.3K (Fib 0.618): The Weekly Open (wOpen) coincides with the 0.618 Fibonacci retracement of the current downward wave, making it a significant resistance level. 100K (Psychological Level): A critical psychological barrier, also serving as a key level for setting stop-loss orders for short positions. Short Trade Setup A short position could be built in the range of 97K-98.3K, with the following parameters: Stop-Loss: Above 100K. Target: 84-80K range. Risk-to-Reward Ratio (R:R): A favorable 3:1 to 4:1, depending on laddered entries. Key Support Levels and Confluence Zone (80K-83K Region) The 80K-83K region stands out as a strong support zone due to multiple confluence factors: 1.) Fib Retracement Levels: 0.618 (82.7K): From the swing low of 67K to the ATH of 108K. 0.5 (80.45K): From the broader wave structure (52.5K to 108.35K). Negative Fib -0.618 (81.1K): From the current downward wave. 2.) Anchored VWAP: Anchored from 6th September 2024, currently aligning with the 82K level. 3.) ]Fib Speed Fan (0.618): Taken from the low at 52.5K to the ATH, intersecting with the 80-82K region around mid-to-late January. Long Trade Setup The 80K-83K support zone presents a strong opportunity for a long position for those who missed the previous uptrend: Entry Zone: Between 80K and 83K. Stop-Loss: Below 78K or lower. Target: 90K, which aligns with the neckline of the Head and Shoulders pattern. Risk-to-Reward Ratio (R:R): Approximately 2:1 if entering from the 80K level.
Short
by SiDec
"BTC Head and Shoulders Breakdown: Key Sell Zone at $98,000 withBased on the chart: - **Pattern Formation**: A classic Head and Shoulders pattern is visible, indicating a potential bearish reversal. The price action has tested the neckline, followed by a possible retest near the "right shoulder." - **Key Zone**: The area around $98,000 is marked as a "possible sell zone" and aligns with the retest of the neckline. - **Breakout and Retest**: The price seems to have broken the neckline of the Head and Shoulders pattern and is currently retesting it. If the retest holds as resistance, a strong downside move could follow. - **Target Levels**: Based on the projected move, the target appears to be around $79,350, with intermediate zones likely around $90,000–$87,000 for partial profit-taking or reactions. - **Strategy**: A sell setup near $98,000, with invalidation if the price closes convincingly above the neckline, could be considered.
BITSTAMP:BTCUSDShort
by TRADE_CENTER_1
EWW - Another Long-Term ViewThe new president tauted her first 100 days in office mexiconewsdaily.com yet the stock remains in a downtrend. On a chart pattern look, it appears that we are in the midst of a larger-term Right shoulder of a massive head and shoulders formation. The shorter-term formation also appears to be a head and shoulders formation with the neckline coming in just below 44. From there, it could pattern out the right shoulder before dropping again below 30. Trump hasn't even taken office yet and Mexico is feeling the pain. While things might turn around, it's hard to feel positive in a socialist political environment. Should interest rates in the US continue to rise, negatively affecting US stocks, EWW tumbling down to the $30 level wouldn't be too much of a surprise.
AMEX:EWWShort
by AssetDesign
Total 3 Crypto Market Cap and US10YIn our ‘Daily dose of Chart’ today we are looking into Crypto and US10Y rates. We are plotting Total 3 Crypto market Cap vs US 10 Y. Total 3 Crypto Market Cap which is the sum of all the total Crypto market cap except BTC and ETH. The Total 3 was in a bearish pattern throughout 2022 and 2024 when the US10Y was making a head and shoulder pattern. After completing the head and shoulder pattern, the yields fell which gave Total 3 to break out of a 2 year base. But with the recent breakout in US10Y rates, the Total 3 is suffering a short term bearish market. We see a cup and handle forming on the weekly chart for the Total 3. But my assessment is that the handle formation will not complete until the beginning of Q2 2025 on the weekly chart. We will revisit the chart in April 2025.
CRYPTOCAP:TOTAL3Short
by RabishankarBiswal
Bitcoin Update: Head and Shoulders Pattern Points to $75kThe Head and Shoulders pattern has now formed on the one day chart, and Bitcoin is approaching the neckline. If we break below that neckline, we could see Bitcoin heading down to $75k. At the same time, Bitcoin is also showing a bearish flag. If this flag breaks to the downside, we could see Bitcoin moving toward $81k as well. My analysis over the past few weeks has pointed to a target range between $75k and $81k, so I’m keeping a close eye on these levels. Let’s see how things play out over the next few months. I’ll keep you all updated with any changes. Stay tuned and watch the price action closely. 🚨📊 Like, share, and follow for more insights!
COINBASE:BTCUSD
by CryptocurrencyWatchGroup
S&P 500: Bearish Momentum BuildsAs we move further into 2025, the S&P 500 continues to show signs of weakness, intensifying the bearish outlook from my last post. The Rising Channel breakdown and Head and Shoulders (H&S) pattern remain dominant, with the price now trading firmly below the 50 EMA. Attempts to reclaim the Rising Channel have failed, confirming that the long-term bullish structure is no longer in play. The neckline of the H&S pattern, previously broken, has become a strong resistance zone, reinforcing the bearish momentum. The 50 EMA has flipped to resistance, making it even harder for bulls to regain control. Currently, the 200 EMA is providing critical support. If this level fails, the downside momentum could accelerate significantly, leading to much lower targets. Key levels to watch include 5,687.33, 5,600.45, and the channel projection target of 5,119.26. Bulls will need to defend the 200 EMA and push the price back above the 50 EMA to have a chance at reversing this trend. Otherwise, the market seems poised for further downside. Let me know how you’re approaching this setup shorting, waiting for a bounce, or something else? Stay sharp and trade carefully! 🚀
SP:SPX
by CryptocurrencyWatchGroup
8