BAC SHORTBig head & shoulders pattern forming on BAC Weekly timeframe. If the fed sticks with their gameplan, BAC could see some major downside.
Head_and_shoulder
SE: Inverted head and shoulders formingSE (Sea Limited)
Being 85% off its all time high, SE is trying to form a bottom here.
The pattern I see on the 4h and daily chart is an inverted head and shoulders . It's a reversal pattern.
Inverted head and shoulders (like head and shoulders) are only confirmed once the neckline is broken.
The neckline is between 62.45 and 63.95 so I would consider a long entry for a swing trade if and only if we break 64. Just watching for now. But the chart is showing some positive signs.
The target of the pattern is at 90 .
Trade safe.
GDXJ reversed Head & Shoulders patternGDXJ, on the break above $52, would validate a bullish reversed Head & Shoulders pattern with a target in the $86 area.
Zomato Stock Buyers Be WarnedZomato stock has been in a steep downward trend. It has formed a small head and shoulders pattern and moved below the 50-day moving average. It has also plunged below two important support levels. Therefore, I suspect that it will crash by about 20% to its all-time low.
GODREJCP FUTURESGodrejcp Jan Futures made inverse head n shoulder pattern on 30 min TF with good OI build up.
Could be bought with mentioned stoploss & target.
SPX (S&P500) Subscribe and get a free trading strategy for Bitcoin and other every day!
Afternoon ladies and gentlemen 👋😃
Let's check an SPX today🧐.
On the chart, I showed the zone of possible price reversal (Right shoulder)
If we see there a stop of the fall and the beginning of the formation of a reversal, then potentially it will be a breakdown of the structure of the nascent bullish trend with targets of $4200 and $4500🚀
It's better to see an oversold RSI indicator.
But if we see a fall below the head level, it will mean confirmation of the bearish trend and the continuation of the fall after some pullback.
P.S
I do not adhere to a time frame in my analysis of the instrument, a reaction in the instrument may occur earlier or later. It is important to understand the price movement when reacting to the level, as well as the buyer and seller reactions. Well, and a few more secrets, this material is not a trading recommendation )))
QMWe see a hidden divergence in Daily timeframe. So the pair will go up!
In 4h, we can see the target by analyzing QM pattern.
USDCAD retracement or reversalFX:USDCAD
Hey Traders, I am currently looking for a bullish move. There is a possibility that we could see a head and shoulders formation on the 4-hour chart. If this occurs, I would enter at the shoulder with a stop loss 4 pips under the head. With the current strength of the dollar, there shouldn't be a problem. However, if it breaks the last low or closes below that low, I believe the trend will continue to be bearish. In that case, we could look for a move to the main level of 1.34000 and enter a short position.
However, I prefer the bullish move.
Head and shoulder breakdown in TVShead and shoulder made in tvs motors chart in 1 day tym frame .
Sell tvs below 974
Target 931 886 834 812
Sl 1042
We expect good sell in tvs bcz rsi also on its way to breakdown its support
head and shoulders in USDJPY...hello guys...
today I was surfing throw forex pairs and see a great opportunity in monthly time frame at usdjpy pair...
as you can see on chart price formed a head and shoulder pattern and target of this pattern is on $165, although break out neckline very well so it is very possible to reach target...
there are two scenarios for upward movement:
1) starting to downward from here
2)retrace to neckline and after that start upward movement
it is up to you to choose best position, which one do you choose?
always do your own research.
If you have any questions, you can write it in comments below, and I will answer them.
And please don't forget to support this idea with your like and comment.
EURAUD is going down hardSell everything and your kitchen sink lol. A head and shoulders, and a triple top at the 800ema resistance, if this doesn't go down, then I don't know lol
📉📈 ZigZag IndicatorZigZag's primary goal is to focus on significant swings and trends by removing insignificant and misleading price changes.
ZigZag connects the price's highest and lowest points using straight lines while ignoring minor swings.
ZigZag just aims to make sense of the market's previous movements; it makes no attempt to predict the price of an item.
It is only based on hindsight and is not predictive in any way. It is based on the past prices of securities and cannot forecast the next swing highs and swing lows.
🟢Advantages
It eliminates market noise and displays the most significant price fluctuations.
It operates in several timeframes.
When utilized in cooperation with other technical indicators, it gives positive results.
🔴Disadvantages
It will mark the latest high or low of the price with a time lag.
The last stretch of the indicator (the one that involves the current price) may be redrawn.
Not predictive in any way, has to be used in combination of other strategies to be effective.
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CABLE DOWNTREND REVERSALAfter the ceasefire in Ukraine, many traders are cautiously optimistic as the markets may be turning around. The appearance of an inverse head and shoulders pattern hints at a possible reversal in the downward trend since the Ukraine invasion. This could be a sign of a positive shift in the markets and could potentially open up some great investment opportunities. Traders should be sure to watch the markets closely for any potential opportunities that arise in the coming weeks.
The appearance of bullish flag pattern in the right shoulder might also indicate a continuation of recent uptrend.
The price is currently in a strong weekly resistance zone. This resistance also matches with 0.5 level of weekly Fibonacci retracement and also the neckline of the inverse head and shoulder pattern. I am highly awaiting the break of this resistance, which is a big big opportunity.
Addition confirmations
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The cables most negatively correlated EURGBP pair is also in its weekly resistance zone. This pair is in the process of making a double top chart pattern in 4H TF. This could indicate a rejection from the resistance zone and if that happens, the price will face down as the GU faces the opposite.
EURAUD a SellOn the 1hr chart, EURAUD has given 3 patterns in 1. An overall double top at the 800ema resistance, with the first leg being a head and shoulders formation, and the second leg is a double top. Both at 800ema resistance. If you flip over to the 4hr chart you will see a perfect double top at resistance. Thank me later
SPX: Butterfly, Bearish An example of Renko and Ratios...is it predictive?
It is also an Ascending Head and Shoulders Pattern forming.
US30, sell?Theres seems to be a head and shoulders forming on the 15 and 30min tf. Ive closed my buys from yesterday, looking to sell a bit down. Lets see how current 30min closes.
Also market is very over bought, so we could see a nice retrace
USDJPYAs a student of SMC trading, I've spotted a text book H&S on USDJPY pair on the Daily timeframe, before that market had already formed a divergence. It might be a change of trend for USDJPY
Do drop your thoughts down below, based on USDJPY
TSLA ready to bounce fastTSLA is probably one of the most famous bubbles that we had in this last bull market. Yes, it's probably one of the future car companies and more, but it was extremely overpriced.
Few months ago the algorithm showed a marvelous Head and shoulders pattern which usually predicts the end of a trend.
This october we had a confirmation of the break of this pattern and then we projected the price objective (black).
The price objective for a head and shoulders pattern is calculated by taking the distance between the head and the neckline (in the case of a top) or the shoulder line (in the case of a bottom) and projecting it downward (in the case of a top) or upward (in the case of a bottom) from the point where the neckline or shoulder line is finally broken. This distance is then added to (in the case of a bottom) or subtracted from (in the case of a top) the breakout point to give the price objective.
Consequently, the price objective for this pattern is between the range of 100-110$ where we also see previous volume and support and resitance levels in the 108$ zone. This worked fine and seems that it started bouncing. We should see the price rallying to 150 or even a bit more if the bounce is hard enough.
Anyway, if the price is back to the 100-110$ range seems a nice moment to buy with low risk and a potential fast return. Take care, this is not yet a bullish reversal for the long term trend, so we could see lower prices in the future but seems a great moment to take advantage of this pattern.
EURUSD - HEAD AND SHOULDERS (SHORT)Looking for this H&S pattern to play out for a good short trade. Might get another push up, could even break upwards temporarily for a fakeout (hopefully stops are high enough)
Long idea on TSLAAs we said in our previous anlysis the 100$ zone was the target of the big Head and shoulders pattern. In the intraday we've seen a V shape end which usually means a trend reversal is unfolding. Once the first black line is broken we would have a confirmation of a new short term bullish trend.
So buying over the black line give a great risk reward ratio.
Let's see if the V shaped end is at the end a head of a major head and shoulders pattern which could be even more important to confirm the trend change in the short term.
Good luck
