Head_and_shoulder
NZDCAD :Perfect Head & Shoulder patternOANDA:NZDCAD
Beautiful head & shoulder clearly visible on chart
As you can see market trying to breakdown neckline
after clear breakout market will retest major support level at 0.8340 area which will be our target
head & shoulder pattern have 80 % accuracy of hitting target
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NZDUSD in Coming weeks!NZDUSD is in a Head&shoulder. If the price breaks 0.65, price can go up to the target(0.72) in the midterm.
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Tesla might be able to do a sharp bullish movementTesla is in a big inverse Head and Shoulder pattern. the whole pattern is about to finish and after that we shall expect the price to break the Resistance which sits around 198. If the price manages to break the Resistance line, we shall see Tesla at 300 Pretty soon.
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BUY ANALYSIS ON USDJPYThere are multiple confirmations for this buy trade. Firstly we have the change in market structure. secondly, we have the inverse head and shoulder pattern. Thirdly, we have the break out of the trend line after 3 touches. We can also see price try to break the support zone but it could not. So therefore, we await the retest of the trend line before we go long. Thank you
SPX's Situation: What Shall we Expect ?SPX has created an Inverse head and shoulder pattern which means a great bullish trend is on the Horizon. If the price follows this pattern's expected movement,we shall see it reach 4300 pretty soon or at least in mid term duration.
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Silver shows bearish signs with head and shoulders patternThe silver is forming a clear Head and Shoulders pattern with a visible divergence on momentum indicators. Additionally, it has broken the ascending weekly trendline. These are all signs that the price is likely to fall to 22.150, after which it may rebound to 22.68 and retest the breached neckline. The retest point could present a good opportunity to enter a short position, with a potential profit of at least 6200 points.
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TCS READY FOR BREAKOUTTCS has formed an inverted head and shoulder pattern and has also broken the horizontal resistance. we can expect a good upside momentum and it can be taken as positional equity
low risk strategies such a bull put spread can also be explored
Note: this is for educational purpose only
USDJPY - A Nice Rocky Ride For 2023You know how you are just glancing through charts...looking at basic and quick comparison kind of stuff...not really digging deep or anything...
And then a pattern just shows up clear as day even though you're looking late at night?
This could get very interesting for the next few months and look out for that stick-save of a bounce!
(Possible Fib tsrget area in a couple of testings, so going with that for now)
SPY close analysis, 3/27/2023 -- Inverse head and shoulders?Choppiness prevails. This is a premium sellers dream and a nightmare for swings.
Looks to me like the low is in for the short term cycle. Price never dipped low enough into the diag demand zone I projected on the 23rd for the bullseye target
Price seems to have found some support off the indecision zone today. I'm neutral-to-bullish until we lose 394.5.
In the *what if* crystal ball projections spirit, I propose a potential inverse head and shoulders, taking price into the >420 zone depending on completion date. Now THAT would be interesting.
GBPUSD: short if Neckline is BrokenThe GBP/USD has broken the weekly downtrend but faced support at the 1.215 level, which is also the 23.60 Fibonacci level. I expect the price to retest the previous resistance level around 1.228 to form a head and shoulders pattern before reversing down to attempt to break the neckline at 1.220. This would be a signal to enter a bearish trade with a target of at least 1.214.
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USOIL - Double TOP 📉HELLO TRADERS💖
On The Daily Time Frame The USOIL Price Reached A Major Key Level !
Currently,on the 4h Time Frame The Price Formed a Double TOP pattern.
The Neckline is Broken🔥
So, I Expect a Bearish Move 📉
TARGET: 66.30🎯
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BOOK of SAMUEL: DAVID V GOLIATHWow! This is a first for me, in such a large timeframe. Looking at both patterns forming. The larger head & shoulders pattern may take precedence, as it is generally considered to be a more significant pattern. If the H&S pattern is confirmed, it would suggest that the uptrend is ending and that a downtrend may be beginning. However, if the Inverted H&S pattern is also confirmed, it could indicate that the trend is changing and that an uptrend is beginning.
Possibilities of Spy to 360 1DObserving the daily chart, it appears that a head and shoulders formation has emerged, which may indicate significant changes on the horizon that have yet to be disclosed. This channel has persisted since October of last year, suggesting that a potential shift in market dynamics may be underway. Additionally, if this head and shoulders pattern holds true, it could trigger a significant bearish trend with potential retests of support levels around 360 and possibly even down to 320. Powell's recent tendency to keep his announcements brief and to the point also warrants attention, as it may reflect a cautious approach to managing the economy. As always, it's important to stay vigilant and stay informed as events unfold.
Confluence on GBPCHFWeekly bearish, and a formation of SHS on daily TF. Simple!!! If and only if price is going to break and come for a retest to the neckline of the pattern then a good short opportunity presents itself
This is not a financial advice, make sure to make good use of risk management!!!