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Head_and_shoulder

MANA Head & Shoulders in Print!MANA is sitting in a potential Head and Shoulders pattern with the right shoulder in print. BTC is bouncing off a SR Flip level so potential upside to 0.81 levels off the falling wave . On Break and bearish retest of Head and Shoulders neckline, potential downside target to 0.436 levels/zone. Always have Plan A, Plan B and since fairly high time 4h, chart can be archived in list for multiple moves. If you liked this idea or if you have your own opinion about it, write in the comments. The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations.
Long
by imr4nkh8n
EURUSD UPDATE H&SHi all EURUSD has been trending sharply for four months, from 0.953 to 1.103, so I'm still looking for a 50% retracement. After a strong 5 day bearish trend, I see a head and shoulders pattern in the 1 hour chart. So, as long as the eurusd does not pass and close above the head, I believe it will remain in a bearish trend. My trading strategy isn't intended to be used as a signal service. It's a process of gaining knowledge of market structure and improving my trading abilities. Like and subscribe and happy trading to all. cheers
Short
by mytw0cents
HAL- Hindustan Aeronautics - Weak structure NSE:HAL Looks very weak in all higher time frames. 1] At Monthly time frame it is a clear Bearish engulfing pattern. 2] At Weekly time frame it is having a head and shoulder pattern. 3] At Daily time frame it is clearly completed a head and shoulder pattern. The volumes are dried during the phase of H&S and started to pick heavily during down days. 4] Neckline is placed at 2300 a clear break down with heavy volume is a must for a Short entry or retest with low volume to neck line after a break down is another low risk entry opportunity. 5] Usually the targets in such pattern is the difference to neckline, in this case it 420 points or 1900. Interestingly the NSE:HAL chart has meaning full support only at 1900. Good Luck
NSE:HALShort
by Vasu_devan
NZDUSD Making A Corrective SetbackNZDUSD turned bullish as expected after we spotted a completed five-wave bearish cycle within wave C back in October 2022. Notice that the recent rise is much more extended and clearly made by five waves up without overlaps up from the 2022 lows, so it's an impulse; a change in trend that will send prices even higher in 2023. However, nothing moves in straight lines. We know that after every five waves, a three-wave correction occurs which can be underway as an irregular/expanded flat correction, currently with subwave (B) in progress, which is looking to overlap up from 0.6183. In fact, there is a nice sell-off from last week, a clear impulse that puts wave (C) now in play. Ideal support is at 0.6080-0.6160.
by ew-forecast
1
j.Hejazi | AUDUSD: Charting the Path AheadThe price on AUDUSD has followed the expected movement as outlined in the previous analysis . Currently, the price faces a combination of four resistance levels that need to be cleared before moving further down: a weekly trend line, a yearly trend line, the key level of 0.68650, and the 38.20 Fib level. It is probable that the price will bounce off these strong resistance levels and head back towards 0.70000 to form a head and shoulders pattern. ---------------------- 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!
Short
by Candlestick_OB
1