BTC/USDT Head and ShoulderBitcoin Create Head and Shoulder Chart pattern on Binance 4h time frame , Shoulder and head completed other shoulder required correction to complete the head and shoulder pattern .
Head_and_shoulder
3M - Which way$MMM well I'm watching and waiting.
These charts are just for my own use and provides a way to reflect and learn.
Thanks
GBPAUD short setupOn a daily time frame, GA has formed H&S and it's in a downtrend, so overall bearish setups are preferred.
Price is now on a very good position for sells, we have:
1. Clear downtrend
2. Retesting a structure
3. 4H 50EMA
4. 50% fibs
5. Bigger pattern in play
All I want so see is 30m wedge or pennant just so price can move sideways to touch the trend line, and ofc this can be a sign for a rejection from this level.
BTC - Head and ShouldersBYBIT:BTCUSDT.P
4h time frame
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BTC forms a head and shoulders on 4h
TP and SL are marked on the chart which provides great RRR
However, we're still in a healthy bullish run
So we can buy it immediately if hit 22000 or 21200 with a weak low
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
GBPUSD LongLong position on GBPUSD, Reverse head & shoulders present as well as a pennant on 15m which broke and held giving us more confirmation.
Todays view in Bharatforg 8th FebTodays view in Bharatforg 8th Feb
Breakout in Bharatforg
If sustain above 881-882
Resistance trendline with support of inverse head and shoulder pattern
Please strictly follow risk reward and stop loss if u enter in the trade
Thanks,
V Trade Point
dxy head and shoulder pattern ?neckline 101
right shoulder target 104.77
dollar correction before next downside move
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.
$LDO - Head & Shoulder Breakdown !!Hello my Fellow TraderZ,
To me, its look like a HEAD & SHOULDER pattern which clearly seems like a breaking down.
Could be a good short opportunity, if price retest and rejects.
CHEERS!!!
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.
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Head, shoulder and shoulder
It looks like an inverted Head and should pattern. If I'm right, we are going into a Bull market!!
Also, when the pattern is formed it usually retest the neck line.
Head and ShouldersWe see a regular divergence in Daily timeframe . So the pair will go down!
In 4h, we can see the target by analyzing head and shoulders!
NVDA Daily Price Predictions 2/1/23NVDA close to completing its primary pullback following this head and shoulders pattern. It's on its way to reaching bouncing off support on fib retracement, daily pivot, and most importantly the previous neckline attached to the pattern. I predict today we will possibly see a large rejection candle approaching the neckline and will be the last day of the pullback before turning back to the upside. Assuming we don't see any unexpected price action today (breaking support or failing to reach support zone) this would be an ideal position to place a long position.
XAUUSD STRONG SELL!we have 2 factors for open a sell position:
1)in 4h we can see chart going to make head and shoulders
2)the channel was broken and you can see a pullback
So...:
XAUUSD SELL AT : 1927
TP1:1900
TP2:1860
SL:1937
AUDJPY..4H bearish view..AUDJPY pair runs to touch nice level for short trade after bouncing off daily resistance zone ----> after breaking 4H uptrend line and formation aclassic H&S pattern ,am expecting down move with nice short trade with perfect R/R ratio ...be safe...
BITCOIN - Head and Shoulders Targeting $21000BTC is in a good setup for a head and shoulders to the downside. The head and shoulders is a bearish pattern where the price bounces and returns to the "Neckline" support level the 3 times with the final return resulting in a break of neckline support.
How to spot
The easiest way to spot a head and shoulders is to find a support level that the price is bouncing off of. Look for a moderate bounce that returns to support followed by a larger bounce that also returns to support. This is the left shoulder, head setup. In this case, you can see a possible right shoulder forming around $23120. This price area has proven to be strong resistance. It has kept the price at bay for weeks now with all breakouts retreating back below it. As a result, it's the perfect set up for a head and shoulders.
How to set your target price
To determine your target price, measure the distance between the top of the head and the neckline. In this case, $1500. Subtract this amount from the neckline and you will get your target price.
Make the bearish case
How is the price action looking? Is the price action bearish? Is there a lot of buy or sell volume? By making a bearish case prior to your head and shoulders call, you will have more success in your trades.
BTC BEARISH CASE
-Broke the red channel
-Returned back below strong resistance
-Bear flag setup for right shoulder
How to Trade
Some traders like to enter their short at the top of what they perceive to be the right shoulder. The weaker (lower) the right shoulder in comparison to the left shoulder, the better. This shoulder is still early so its difficult to say whether we've topped yet, but the strong resistance would make me feel better about entering here. Other traders like to enter their short once the price has broken the neckline, which would be a more definite bearish move.
Technical patterns are never 100% for certain. However, if you can spot them and trade them in the right circumstances, you will find a lot of success. Best of luck! I hope this helps improve your trading and your PnL!
ETH - 2 Selling StrategiesBYBIT:ETHUSDT.P
4H time frame
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ETH forms a potential HS
According two uptrend(UT) lines, there are 2 opportunities to open short.
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1.
Entry: if getting resistance from short-term uptrend again(~1577)
TP: 1465 or reach lower uptrend
SL: 1615
2.
Entry: BO the long-term UT (~1521)
TP: 1405, 1340
SL: High of right shoulder (~1663)
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Notice: All price are set from the predicted trend, can set it more accurate based on the actual trend/pattern after opening short
BULLISH into BEARISH ScenarioTSLA has momentum to move to 180 area. (This needs to happen before FOMC meeting)
I thought Tesla was finished here, but momentum is strong and puts are piling in, I think we may see a continued rally to 169,if we close above 167.55 on daily or weekly, Tesla could hit 180 by Tuesday, before selling off
Technical Bullish Patterns:
15min- Bullish pennant breakout - measured move to 170-175 (close below 154.5) invalidates (false break-out)
Daily: H&S Pattern measured move to 175-181 (close below )
Technical Bearishness:
1 hr - Bearish Divergence on RSI, MACD, STOCH
200 WMA: 167
currently oversold on BB bands
Bearish Catalysts:
-1/27 PCE Prices higher than expected
-1/31 employment cost index higher than expected
-1/31 Bad Tech earnings
-2/1-Fed Drops Market on Feb 1st (FOMC decision) **** I think Fed will tank the market
Square Reverse Head and Shoulder at fib? I believe I'm looking at a reverse head and shoulder on Block (SQ) on the weekly. This could indicate a longer term breakout above the fib. I'm thinking of small position size to front run the break out, a little more on a pullback (considering RSI) and larger size after a breakout up to 100. Tech's recent run in January and Block's extremely strong pullback in 2022 set up nicely for profit making.
Inverse head and shoulder pattern on Ultratech Cement chartsNSE:ULTRACEMCO
Formation of inverse head and shoulder pattern
Current Price - 7237
Target 1 (diff from left shoulder) - 7650 - remaining upside 413 (5.7%)
Target 2 (diff from right shoulder) - 7825 - remaining upside 588 (8.1%)
Stop Loss (low of last candle) - 6863 - downside risk -374 (-5.1%)
Disc - invested, for educational purpose only.
H&S PATTERNS INTO H&S PATTERS Head and shoulder patters are ALL OVER CRYPTO AND NOBODY IS TALKING ABOUT IT! FILL THAT GAP
