An almost perfect double headed H&S pattern completed this week with the price breaking out of the neckline to the downside. More weakness expected.
Hello Traders ! After a huge bearish move, The Dollar index retreated to the resistance level (101.770 - 102.075). The price formed a head and shoulders pattern. Currently, The neckline is broken🔥 So, I expect a bearish move📉 ________________ TARGET: 101.000🎯
As you can see in the chart, we might be observing a potential Head and Shoulders pattern forming on the 1H timeframe in GBPCAD. Given the bearish market structure on the 4H timeframe, this 1H bullish move could be viewed as a corrective rally within the larger downtrend. Additionally, there is a bearish divergence between the left shoulder and the head, further...
Welcome back future demons Let's jump right into the TA. We have a potential short trade here. This might not qualify as the perfect example of a Head and Shoulder formation in Classical Charting, but the over all structure and pattern is bearish. Also yesterday we saw a significant drop combined with huge volume increase. Kind Regards LaPlaces Demon
The BTC/USD chart indicates a continuation of the bearish trend due to the appearance of a Head and Shoulders pattern on the 1-hour timeframe. This classic reversal pattern, combined with the price breaking the neckline, suggests that more downside could be expected. 🔻 Key Pattern Insight: The Head and Shoulders pattern is a strong indicator of a potential...
Following the head and shoulder pattern formed on GBP USD last week the price has been pushing down as DXY continues bullish.. As we all know the market dose not move in a straight line up trend makes higher highs and higher lows, down trend makes lower lows and lower highs. On the 1 hour timeframe GBP USD has broken a structure level to the downside, before we...
GBPCAD has formed an interesting Head and shoulder formation break and we'll probably see a sell off at previous pivot point making a good target.
hello guys. Inverse Head and Shoulders Pattern: The price action is forming an "Inverse Head and Shoulders" pattern, with the left shoulder, head, and right shoulder clearly marked. This pattern typically indicates a reversal from a downtrend to an uptrend. The neckline of the pattern is located around the resistance zone at approximately $2,534. Breakout...
Weekly - 3 weeks ago made a very large liquidity wick followed by a bullish Bullish Engulfing candle. This is a good indication that price is changing direction and will push to the upside. Daily - Bullish M on the daily Price came back to my daily zone correctly which is a sign that Bearish momentum is slowing...
hello guys. as you can see btc made a Head and shoulders pattern and the neckline broke up! so we can expect the $65802 area touched! ___________________________ ✓✓✓ Always do your research. ❒❒❒ If you have any questions, you can write them in the comments below, and I will answer them. ❤︎ ❤︎ ❤︎And please don't forget to support this idea with your likes and comment
hello guys. Let's analyze OKX:TONUSDT Top Line Resistance: The chart identifies a rising resistance level (top line) that the price has tested multiple times but failed to break above convincingly. A breakout above this line could signal a bullish move. Neckline Support: There is a crucial support level (neckline) that has held up the price so far. The...
Precious metals particularly Gold are very strong today. XPTUSD is bucking the trend and bearish as it wants to trigger this bearish H&S. It may play out very soon. I will send out an alert. It has already retested so a break of the neckline could mean a swift move down before it's price will snap back bullish and play catch up with Gold. So you could ride it...
There's Nothing More Bullish than a Failed Head & Shoulders.
NASDAQ:MSFT Technical Analysis of MSFT: Head and Shoulders Pattern in Formation Currently, the support established around $390 might be forming the neckline of a potential head and shoulders pattern. To complete this pattern, the right shoulder still needs to form. Key point to watch: if the right shoulder develops below the 61.8% Fibonacci retracement...
This is TRON Crypto TRXUSD. It is currently a very bullish weekly candle & has broken out of the Weekly Cup & Handle Pattern. On the 4HR there is a Head & Shoulders Pattern, it's looking a bit overextended but I think the Weekly price-action regarding the Cup breakout is keeping price very buoyant today. I took 2 positions of 20,000 lots & 30,000 lots about...
*This is not financial advice. It is crucial to conduct your own research and due diligence before making any investment decisions.* BTC is currently rejecting the $61K range, but it has successfully broken out of a major trendline and an inverted head and shoulders pattern. The 50-day exponential moving average (EMA) is positioned below, which could act as a...
pair is going up again ready to test yellow neckline resistance of head and shoulder pattern pattern began its formation in late december last year when market was pricing 7 cuts which were wrong but now market is pricing same amounts of cuts and fed is behind the curve dxy is collapsing on daily chart on panic selling before fed jackson hole speech risk is...
since price hit 2500 for first time on last friday gold is sideways but it has made this head and shoulder pattern with yellow line working as neckline of pattern . first intraday support 2480 yellow line intraday resistance