Head_and_shoulder
Prataap snacks Ltd - MACD CROSSOVER 📊 Script: DIAMONDYD (PRATAAP SNACKS LIMITED)
📊 Nifty50 Stock: NO
📊 Sectoral Index: NIFTY FMCG
📊 Sector: Fast Moving Consumer Goods
📊 Industry: Packaged Foods
DAILY TIMEFRAME
Key highlights: 💡⚡
📈 Script is trading at upper band of Bollinger Bands (BB) and giving breakout of it.
📈 MACD is giving crossover.
📈 Double Moving Averages also giving crossover.
📈 Script is moving towards its resistance level which is 908.
📈 Current RSI is around 76.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 869
🟢 Target 🎯🏆 - 908 , 1000
⚠️ Stoploss ☠️🚫 - 799
⚠️ Important: Always maintain your Risk & Reward Ratio.
⚠️ Purely technical based pick.
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Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
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Happy learning with trading. Cheers!🥂
Taf's Gun to the HeadTrade Idea: Selling Dow at market
Reasoning : Selling on rejection from supply zone (32200-32500) and a bearish head and shoulders on an intraday basis(although not validated yet)
Entry:32048
TP: 31138
SL: 32416
RR: 2.47
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ETC - Head and ShouldersAfter its remarkable run, ETC seems to have topped its price action above $26.
It currently has formed a head and shoulders pattern on the 1H time frame which seems to suggest that further price action to the downside is expected.
Would open a short here with:
TP: $23
SL: $26
📉✌BTC 1H Long Position✌📈BINANCE:BTCUSDT
COINBASE:BTCUSD
Hi traders, first look at my previous analysis and BTC.D forecast (linked below).
A quick long position can have a good chance of winning.
TP1-2-3 ---> Long position.
The optimum stop-loss is on the chart.
Please share ideas and leave a comment,
let me know what you think.
CrazyS✌
4hr GBPUSD Patterns in patternsAs you can see marked out on my charts, the yellow arrows show the top of a massive double-top structure. Both these structures have tested and could not break the 200ema(white line, red arrow) which acts as a very strong support\ resistance.
The second leg of this double top is forming a head and shoulders at the 200ema resistance, and if you look closely, the head of the head and shoulder structure is actually a double top. If you go into smaller time frames you will also see these structures within structures. Its magic lol.
Boost me if you like what I post. Dont be shy
Head and Shoulders Pattern On Natural GasHere we have a textbook Head and Shoulders Pattern after a strong uptrend on natural gas.
The volatility between the head and the kneckline was 19% so we used this as our main take profit area.
At first it seemed too much of a price move however 4 weeks later not only did we get past the 19% take profit area, price went down further to 26%.
This was a big trade to take, the entry for this set up is below: entering on the break and retest of the pattern. Using the rally candle for the signal to enter was key also.
Also had a 2nd opportunity to enter the downtrend and this was the continuation pattern = symmetrical triangle (if located in a downtrend then the chances are that breakout will be to the downside
Follow me for more analysis and candlestick signals.
$MATIC | Double Top? McDonalds M Coming?Here we have one of my personal favorite cryptos & L2 sidechains, MATICUSD or Polygon. Potentially we may see, a downtrend because of a couple of factors. Let’s zoom in!
I see the potential for a “McDonald’s M” or most notably referred to as a Head & Shoulders pattern which could signify a downtrend.
Here are some reasonings & findings:
* MATIC has touched the 0.8721 area twice now but has pushed through this resistance
* Upper Bollinger Band has been broken previously
* Nearing extreme overbought statuses on the RSI
* After the initial push down from the 0.8721 area, 0.8456 acted as support for the potential “head” of the pattern
* MATIC is still above the 200 EMA
The last note should be taken into consideration when placing a SHORT trade for MATIC. It is still above the 200 EMA currently so a safe TAKE PROFT could be back to the “neck line” area of 0.8456 in case there is a bounce and your STOP LOSS above the resistance area of 0.8721.
Tesla earnings are everything tomorrow!Traders,
Do not underestimate an earnings miss on Tesla tomorrow. Earnings est. is $1.00. If missed:
1. It could trigger the start of the massive bearish H&S pattern.
2. It will bring down the Nasdaq with it.
3. Nasdaq will bring down other indices like the SPX.
4. SPX coming down could break its critical support that has held up thus far.
5. Investors tend to correlate stocks like Tesla to crypto. An alarming report can levy more significant damage to bitcoin and crypto than its already incurred.
In my view, it is critical Tesla does not break and confirm the break of its neckline here over the next few days! Earnings must be hit and the $212-$215 pps MUST hold or it could mean trouble. Watch this closely!
Stew
ENS - Head and ShouldersENS has been characterized by strong buying pressure in the recent days.
Currently it has formed an interesting head and shoulders pattern on the 1H timeframe with the formation of a triple top.
I will short the coin at this price levels with very tight stoploss with target at around $18.5-18.
AR - Head and Shoulder (Update)This is more an update on the previous AR short idea.
We can easily spot and head and shoulder formation on the 1h time frame, which substantiate even more the short position.
At the moment of the writing, the price is attempting a rebound, but overall outlook seems weak.