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Head_and_shoulder

Reverse Head and Shoulder patten forming in EURUSD DailyTechnical Analysis: ================ A reverse head and shoulder pattern has formed in EURUSD, if the price action continues to go up, it can gain ~300 pips. The neck line, left and right shoulders and the head of the H&S pattern are previous significant levels (means support or resistance in past). Fundamental Analysis: =================== 1) Santa Clause Rally : For whatever reason the stock market keeps going up in December, and USD should depreciate against major currency pairs including EUR 2) The VIX Index has gone down significantly due to the ceasefire between Israel and other parties There are other factors like Trump administration would consider crypto as mainstream currency, which would depreciate USD. But that might happen in 2025, we should see the H&S happening in December if the price action continues in the same/upward direction. Note: A trade idea I post here is also my trading journal.
Long
by spranav
1
BTC/USDT: Head and Shoulders Pattern with Bullish Continuation Phello guys. let's dive into btcusdt! Analysis: Inverse Head and Shoulders Pattern: A clear inverse head and shoulders pattern is visible on the 4-hour chart, signaling a potential trend reversal. The head is formed at 93,842 USDT, with left and right shoulders forming near 96,598 USDT. Neckline Resistance: The neckline resistance at 102,698 USDT has been tested multiple times, hinting at potential upward momentum. Fib Retracement Levels: The 0.618 Fibonacci retracement level at 96,598 USDT acted as strong support for the right shoulder. The breakout target aligns with the 108,991 USDT zone, derived from the measured move of the pattern. Bullish Projection: The price could rally toward the 105,798 USDT mid-resistance zone, with a higher probability of reaching the 108,991 USDT target. Summary: Support Levels: 96,598 USDT (Fibonacci and right shoulder support). 93,842 USDT (head level). Resistance Levels: 102,698 USDT (neckline). 108,991 USDT (target zone). Outlook: A confirmed breakout above 102,698 USDT could lead to a sharp upward move, targeting the 108,991 USDT zone. Trade Idea: Watch for a neckline breakout with strong volume or consider a pullback toward the right shoulder for better risk-to-reward opportunities.
Long
by melikatrader94
3
Nobody appreciates it !!!In the daily time frame, as you can see, there are two bullish patterns. The first one is a Wedge, and the second one is a H&S . If either of these patterns breaks, the price of notcoin can reach around $0.015 . Give me some energy !! ✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us. Best regards CobraVanguard.💚 _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Long
by CobraVanguard
11
Arm Holdings (ARM) - Head and Shoulders Pattern, Target $78-$94Overview: Arm Holdings (NASDAQ: ARM) is forming a classic Head and Shoulders pattern, a bearish reversal pattern that signals a potential drop in price. The pattern is visible with a left shoulder, head, and right shoulder clearly defined. The neckline support is around the $140 area. Technical Setup: Pattern: Head and Shoulders Breakdown Level (Neckline): ~$140 Target Zone: $78 - $94, as projected from the height of the head to the neckline Key Resistance: $164 level (former high) Earnings Catalyst: With earnings approaching, the release could act as a potential catalyst to expedite the completion of this pattern, either causing a breakdown below the neckline or a temporary rebound before further selling pressure. Price Action: A breakdown below the neckline could see the price falling to the target zone of $78 to $94. Watch for any bounce around the neckline, which might offer a better risk/reward entry on confirmation of the pattern's completion. Risk Management: A daily close above the right shoulder (~$148) would invalidate the pattern and warrant a reevaluation of the setup.
NASDAQ:ARMShort
by Killahherb
Two Bullish Patterns Hint at Major Rally for PEPE !!!In the 4-hour time frame, as you can see, there are two bullish patterns. The first one is a triangle, and the second one is a H&S . If either of these patterns breaks, the price of PEPE can reach around 000026 . Previous Analysis Give me some energy !! ✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us. Best regards CobraVanguard.💚 _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Long
by CobraVanguard
10
Dollar Index Alert: Reversal Pattern Emerging – Learn MoreLuckily, I spotted a classic reversal pattern right on the edge of triggering. The combination of three peaks, with the tallest in the middle, has formed a Head & Shoulders chart pattern on the Dollar Index futures daily chart. The right shoulder is almost complete, and the bearish trigger will be activated if the price breaks below the Neckline (the line connecting the valleys of the Head), which sits under 105.30. The target is calculated by subtracting the height of the Head from the Neckline breakdown point, giving us a target around 103.10. The RSI indicator is also on the edge. Watch for a breakdown here as additional confirmation.
ICEUS:DX1!
by aibek
4
LITECOIN short term-SHORTHello All 🐶😃🐼 It's Jazerbay here, I missed you all and I am back with this idea.. let's go ! 👇🏼⬇️⬇️🤸🏼‍♀️🤸🏽‍♂️ I have been watching Litecoin action on the short term time charts. I am noticing a very possible Head and Shoulders pattern forming 🐻 If this plays out we will see price drop to some of my projections, with 106 being the lowest for now😯🔥 This could happen pretty quickly if we don't stay above this support area of ~120-123. Litecoin has been very bullish compared to other cryptos in the market for the last couple of days so if we catch support here then this projection is invalid 🙂 Thank you all for coming today and Happy Holidays Good day As always 🛑‼️ This is not financial advice, please trade at your own risk with caution 🛑‼️ ☯️ jazerbay
Short
by jazerbay
Two Bullish Patterns Hint at Major Rally for DogecoinIn the 2-hour time frame, as you can see, there are two bullish patterns. The first one is a triangle, and the second one is a H&S . If either of these patterns breaks, the price of Dogecoin can reach around 50 cents. Give me some energy !! ✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us. Best regards CobraVanguard.💚 _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Long
by CobraVanguard
2
GBPUSD Trade PlanChart shows a bullish divergence between price and RSI, alongside an inverse head and shoulders pattern, indicating a potential bullish reversal. The trade setup suggests a buy stop above the neckline at 1.27268, with a stop loss at 1.25861 (below the lower low). Profit targets are TP1 at 1.28680 (first resistance) and TP2 at 1.30080 (higher resistance). Ensure confirmation with a strong breakout above the neckline. Partial profits can be taken at TP1, moving the stop loss to breakeven for a risk-free trade. If the price closes below 1.25861, the setup is invalidated, and no entry should be made.
Long
by Naqash16046
Update: Trade closed $138 $VRTOne of my best performing single name equities of 2024 - $NYSE:VRT. I've closed most of this trade because it has swollen to be a larger portion of my portfolio than was intended, i.e. portfolio rebalancing. I will keep VRT on my watchlist as a new leader in the AI infrastructure category and a YTD leader overall. I will shop for pullbacks to the 18, 21, and even 50 day moving averages, or a new pattern development -- the latter would take at least several weeks from now to form with enough duration for me to be interested. My goal is to lock in this profit and to not give it back.
NYSE:VRT
by jBTCkingaling
1
AAPL: About to shift the trend! (D & H chartts)Daily Chart (Left) Head and Shoulders (H&S) Pattern: A potential Head and Shoulders pattern is forming on the daily chart, with a neckline around the $221.33 level. If this pattern completes and the price breaks below the neckline, it could indicate a bearish reversal, signaling further downside. Pivot Point: The pivot point at $228.66 is acting as a near-term resistance level. A break above this level could invalidate the H&S pattern, leading to a continuation of the uptrend. 21-Day EMA: The stock is hovering around the 21-day EMA, suggesting indecision in the market. Staying above this EMA could be positive for bulls, increasing the chances of an upwards breakout of the pivot point. Hourly Chart (Right) Cup and Handle Pattern: The hourly chart shows a potential Cup and Handle formation, with resistance at the $228.66 level. A breakout above this resistance could lead to a bullish continuation. EMA Support: The 21-hour EMA has provided dynamic support, keeping the price within the handle formation. Holding this EMA and breaking the resistance could complete the Cup and Handle pattern, signaling further upside in the short term. Trading Implications: AAPL is at a crucial juncture. A break above $228.66 would favor a bullish outlook, while a break below the $221.33 neckline would indicate a bearish reversal. For now, we should watch these key levels closely for potential setups. For more detailed technical analyses and insights like this, be sure to follow my account. Your support helps me continue providing valuable content to help you make informed trading decisions. Remember, real trading is reactive, not predictive, so let's stay focused on the key points described above and only trade when there is confirmation. “To anticipate the market is to gamble. To be patient and react only when the market gives the signal is to speculate.” — Jesse Lauriston Livermore All the best, Nathan.
NASDAQ:AAPL
by Nathan_The_Finance_Hydra
EUR/USD's Déjà Vu: Ready to Ride the Next Wave?So, here’s the deal with EUR/USD – it’s throwing out a pretty juicy head-and-shoulders pattern. If you’re not familiar, just think of it like this: the market is literally shrugging its shoulders, and when it does that, it usually means it’s getting ready to slide downhill. And guess what? We’ve seen this exact move before... twice. 📉 Pattern Repeat: Déjà Vu, But Profitable Flashback 1: Way back on the left side of the chart, there was a head-and-shoulders (that’s like the market’s favorite I’m-outta-here move). It shrugged its shoulders, and then – boom – dropped about 400 pips. Nice little payday if you were ready for it. Flashback 2: Middle of the chart, same thing. It pulled another head-and-shoulders, neckline broke at around 1.0920, and down it went about 350 pips. It’s like clockwork – see a shoulder, expect the floor to drop soon after. 🕰️ Now, Let’s Talk About This Current Setup We’re seeing another head-and-shoulders pattern forming on the right side. And here’s the fun part: if it follows the same pattern as the last two, we’re in for a similar ride. Neckline Level: This one's got its neckline (the line where we know things could start falling fast) around 1.0740. And look – it’s already cracked below that. This means we’re potentially heading towards our next target. Targets 🎯 Alright, so where’s this going if it drops? Here’s the roadmap: First Stop: 1.0460 – This level’s like a speed bump. If price respects it, we might see a little bounce, but if it doesn’t, the road is wide open for more downside action. 🚗💨 Next Destination: 1.0175 – Think of this as the next major support level. Historically, every time EUR/USD has done its head-and-shoulders thing, it didn’t just stop at the first target. Nope. It kept on trucking, usually another few hundred pips. So if you’re looking for a bigger move, this level’s worth watching. 📉 Ultimate Bear Zone: 0.9650 – Now, if we’re talking about a full-blown trend continuation, then 0.9650 is the jackpot. That’s where things could get seriously interesting. But hey, let’s not get ahead of ourselves – let’s take this step by step. 🚀 How to Play This 🕹️ If you’re looking to trade this, here’s the game plan: Entry Point: If the price slides down to 1.0460, that’s a prime spot to watch. If it hesitates here and starts bouncing, you might see some action going back up a bit – maybe a chance to reset or take some off the table if you’re short. But if it breaks through 1.0460 like it’s not even there? Buckle up for 1.0175. Stop-Loss: Look, head-and-shoulders has been reliable here, but we still need to protect ourselves. Set a stop above 1.0550. Worst case? You cut your loss if the market decides to play tricks. Profit Goals: Go for 1.0460 first, and if things are looking spicy, aim for 1.0175. And if we’re really riding this bear wave – there’s that 0.9650 ultimate bear zone waiting at the end. 🐻💰 Quick Recap EUR/USD is giving us a déjà vu setup with this head-and-shoulders action. This pattern has been on point the last couple of times – each breakdown led to big drops, so history’s on our side. If this one plays out similarly, 1.0460 is the first floor, 1.0175 is the basement, and 0.9650... well, that’s where we hit the goldmine if the bears take over completely. Keep it simple. Watch for those levels, manage your risk, and let’s see if EUR/USD does what it’s done before. You know what they say – the trend is your friend... until it’s not. 😉
Short
by RoadToAMillionClub
AVAX Long Signal | 30-Min TimeframeA three-wave correction has concluded, and AVAX appears to be beginning a new bullish trend. The chart indicates the formation of an Inverse Head and Shoulders pattern, suggesting that a strong upward move may follow after the neckline breakout. 🔑 Entry: After the breakout above $35 🎯 Take Profit: $39 ⚠️ Stop Loss: $33 📊 Risk to Reward: 2:1 If the price breaks above the $35 level, this setup provides a favorable opportunity to enter a long position with high profit potential and controlled risk. Technical analysis supports that an upward move is accessible, so enter carefully. 🚀
Long
by arzdigitalistha
Bitcoin Inverse Head & Shoulders Target Hit!Good morning. I have talked about my inverse H&S from our daily chart quite often in past videos and post. Therefore, it is important that I also call your attention to the fact that, as of today, this inverse H&S target has been hit. Congrats to all of you who chose to hold from the break of our neckline. That would not have been an easy task. Now, with our market hot, we need to start to prepare for some pullback. I know this is contrary to what you may be hearing and it might be that popular opinion is correct this time, but usually it is not. The market, if given opportunity, will hurt as many as it can during any counter trend price movement and so it is good to prepare accordingly. Once the market slows down its buying, which might continue to 88k-92k (remember, my year end target has always been 88k-92k), we need to start looking for areas of pullback. There are two significant areas that price could look to retreat to. The first is that white ascending TL around 76k. That is actually the neckline to a larger cup and handle pattern which I will talk about in another post. I could see us coming back to give that neckline a proper retest, validating its legitimacy. The second area is lower and honestly less likely to be tested but on the weekly chart remains a possibility for us to wick down to and quickly lick. That is the 70k area, our last huge area of liquidity. For the cup and handle neckline to remain valid, this drop would have to be relatively quick. I would not see us remaining down in that area if we dropped there for more than a few days. Enjoy all those gainz guys! 2025 will be massive. I have somehow managed to nail the year end target for 2023. Now 2024 is making me look smart. And I can't wait to start showing you all what I see coming for 2025! It will melt faces! ✌️Stew
INDEX:BTCUSD
by stewdamus