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Head_and_shoulder

BTC---> SCALP POSITIONHELLO GUYS... time is consuming therefore long story short, get a short position until the first pink area, or you can risk it and hold it until the second pink area! if the price reaches the second pink area and gives you some confirmation get a long position until the higher high level to this chart! I hope I write it clearly! 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
by melikatrader94
32
ALIBABA ($BABA): Technical Analysis on daily chartHi everyone! The main trend of $BABA is bearish on the daily chart, but most of the bearish momentum has already been worked on by the market. Having said that, even in the short term I remain bearish at least up to the support area, from there I cannot exclude some Reversal Pattern (see chart below). If this happens, an update to this analysis will be necessary because before trying to take a long position I want to wait for at least one clear signal (for example, an impulsive structure on the hourly chart). POTENTIAL REVERSAL PATTERN If we look at the Daily Chart, the support area could turn into something like a Right Shoulder of a potential "Inverted Head & Shoulders". Trade with care! 👍 ...and if you think that my analysis is useful, please..."Like, Share and Comment" ...thank you! 💖 Cheers! N.B.: Updates will follow below
NYSE:BABA
by TheAnonymousBanker
USDJPY Ready for a large move southThis idea is one to watch and will be a good move if it happens. USDJPY took incredible Bull action last year, but has since been moving back down to previous support levels. We can start to see an incredible head and shoulder pattern forming. Key levels to look out for are the previous support zones around the 126-127 zone and especially the 115 zone which has been a historical key zone. Whilst in there as been short term bulish pull back, stepping back out to the daily shows there is more to this downside and a good entry zone currently.
Short
by dnsmith
DXY Testing Strong Resistance LevelAfter the US dollar index broke out of the descending channel as we previously mentioned, it is now testing the strong resistance level at 105.70. It is likely to bounce back to form the first shoulder of the head and shoulders pattern, possibly towards 103.850 or even 103.750 to retest the previous support level and the ascending annual trend line. This would form the right shoulder of the head and shoulders pattern, providing a good buying opportunity up to the neckline above. I will closely monitor the market to seize entry and exit opportunities based on analysis within the trading channel, hoping to profit from these expected price movements. ------------------------------------------------------------------------- Let me know your thoughts in the comments, and show your support by liking the idea. Please follow if you're interested in more ideas like this. Your support is greatly appreciated!
TVC:DXYShort
by Candlestick_OB
BOSCH - NSE - INDIACompany website- www.bosch.in Founded in 1886, into multinational engineering electronics, presence is over 60 countries worldwide. Major product line- Automotive Aftermarket parts ( battery, spark plugs, wipers, brakes, clutch plates etc ) and smart mobility ( autonomous and Iot enabled ) Household appliances- fridge, dishwashers, washing machines, microwaves etc Powertools, software, engineering etc - Huge diversity of business. Invested into the blockchain for future growth. Financials- Assets worth 9000cr, zero debt, high brand value, fv 10- becomes a candidate for split/ bonus ____________________________________________________________________________________ Inverted head and shoulder pattern = classic reversal A strong buy.
NSE:BOSCHLTDLong
by EVOQUE5000
6
KAVA With Bullish Setup FormationKAVAUSD is making a nice a-b-c pullback within wave B/2 after an impulsive rally into wave A/1 from the lows. It's currently already sitting at interesting 0.80 support area, from where we may see a continuation higher into wave C or 3, especially if we also consider nice and clean inverted Head&Shoulders pattern. Technically speaking, if the price rebounds back above 1.10 region and neckline of inverted H&S pattern, then we can easily expect more gains, as bullish trend would be confirmed. Invalidation level remains at 0.5150. Happy trading!
BINANCE:KAVAUSDLong
by ew-forecast
Cardano at a critical pointI gave a pretty vague outlook on Cardano the other day so I figure I should probably fess up a bit and let you all know exactly how I feel about it. Right now, it looks like we're in an inverted head and shoulder pattern. It looks like it wants to explode out of here and o straight for the target which is $0.75 but not so fast. Lets discuss a few things here. First, do you actually know how to trade a head and shoulders pattern? Pattern trading can be pretty decent as long as you do it right. Ideally, we'll break out of the current pattern and do a nice solid retest of the neckline. Your stop loss should be the low of the right shoulder and your target should be 100% of the size of the head to the neckline. That puts us at right below 75 cents. To compare, ADA is trading at 40 cents now. That's a pretty good reward, but what is the risk? Currently a 13% risk. That's not insignificant. Play your cards right and you'll be okay but don't do anything dumb. Wait for a breakout and get a retest of this level we're at now (around 40 cents) and you'll be ok. Just keep that stop loss to make sure you survive another day.
Long
by bitdoctor
4