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Head_and_shoulder

TON → there is no risk for toincoin so farhello guys. Let's analyze OKX:TONUSDT Top Line Resistance: The chart identifies a rising resistance level (top line) that the price has tested multiple times but failed to break above convincingly. A breakout above this line could signal a bullish move. Neckline Support: There is a crucial support level (neckline) that has held up the price so far. The analyst suggests that if the price breaks below this neckline, it could trigger a bearish move. Bearish Scenario: If the price breaks below the neckline, the target for the downside is around the $3.10 level. This level is marked as the "target of breaking down" and could act as strong support if the price reaches it. Bullish Scenario: If the price manages to hold the neckline and breaks above the top line, the chart suggests a potential upward move toward higher levels. Current Price Action: The price is currently around $5.62, showing a potential retest of the neckline. Traders should watch for a decisive move either below the neckline or above the top line to determine the next major trend direction. This analysis outlines the importance of the neckline as a critical level. The outcome of whether the price breaks below this level or holds above it will likely dictate the future trend direction. ___________________________ ✓✓✓ Always do your research. ❒❒❒ If you have any questions, you can write them in the comments below, and I will answer them. ❤︎ ❤︎ ❤︎And please don't forget to support this idea with your likes and comment
by melikatrader94
6
$MSFT Head and Shoulders Pattern in Formation?NASDAQ:MSFT Technical Analysis of MSFT: Head and Shoulders Pattern in Formation Currently, the support established around $390 might be forming the neckline of a potential head and shoulders pattern. To complete this pattern, the right shoulder still needs to form. Key point to watch: if the right shoulder develops below the 61.8% Fibonacci retracement level, projected at $436, it could signal a bearish move. A confirmed break of the $390 support would then be expected to trigger a downward move towards the potential target of $310. Summary: Current Support/Neckline Level: $390 61.8% Fibonacci Retracement Level: $436 Watch for Right Shoulder Formation Below $436 Potential Downward Target: $310 Monitor for the formation of the right shoulder and a potential break of support to validate the bearish outlook.
NASDAQ:MSFT
by Andre_Cardoso
TRON: TRXUSD up 3% far today...very bullish...see below This is TRON Crypto TRXUSD. It is currently a very bullish weekly candle & has broken out of the Weekly Cup & Handle Pattern. On the 4HR there is a Head & Shoulders Pattern, it's looking a bit overextended but I think the Weekly price-action regarding the Cup breakout is keeping price very buoyant today. I took 2 positions of 20,000 lots & 30,000 lots about 10 minutes. So I am not much ahead of you on this trade if you wish to take it. * Trading is risky, also do your own research & never take my financial advice as a sole means.
EIGHTCAP:TRXUSDLong
by Easy_Explosive_Trading
3
BTC - Neutral bullish*This is not financial advice. It is crucial to conduct your own research and due diligence before making any investment decisions.* BTC is currently rejecting the $61K range, but it has successfully broken out of a major trendline and an inverted head and shoulders pattern. The 50-day exponential moving average (EMA) is positioned below, which could act as a support level. This support may provide an opportunity for BTC to retest the head and shoulders pattern before potentially continuing its bullish run.
Long
by EnmiloX
3
head and shoulder pattern GBPUSDpair is going up again ready to test yellow neckline resistance of head and shoulder pattern pattern began its formation in late december last year when market was pricing 7 cuts which were wrong but now market is pricing same amounts of cuts and fed is behind the curve dxy is collapsing on daily chart on panic selling before fed jackson hole speech risk is still second inflation wave for fed inflation will return or not after rate cut ? after rate cut fed will stay there or hike again ? after multiple cut fed will get growth without inflation or not ?
by Sangam-Agarwal
BTC → if breaks up get a long positionhello guys. let's dive in BTC! 1. Pattern Recognition: Left Shoulder: The first peak formed before the head. Head: The highest point in the pattern, showing a peak above the shoulders. Right Shoulder: The final peak, which is lower than the head but roughly in line with the left shoulder. 2. Key Levels: Neckline: The blue line around $57,571.68 marks the support level that connects the lows from the left and right shoulders. Breakout Zone: The chart highlights a yellow resistance zone just above the current price. If Bitcoin breaks above this zone, it could lead to a bullish breakout. 3. Bullish Scenario: Upside Potential: If the price breaks above the yellow resistance zone, the next target could be around $62,343.58. This would confirm the pattern and signal a potential continuation of the upward trend. 4. Bearish Scenario: Failure to Break: If the price fails to break above the resistance zone, it could result in a pullback to the neckline of around $57,571.68 or lower. Summary Pattern: Head and Shoulders identified on the 15-minute chart. Neckline Support: Around $57,571.68. Resistance Zone: Key area to watch for a breakout just above the current price. Bullish Scenario: A break above resistance could lead to a move towards $62,343.58. Bearish Scenario: Failure to break resistance might lead to a drop back to the neckline or lower. ___________________________ ✓✓✓ Always do your research. ❒❒❒ If you have any questions, you can write them in the comments below, and I will answer them. ❤︎ ❤︎ ❤︎And please don't forget to support this idea with your likes and comment
Long
by melikatrader94
13
WING head and shoulders NASDAQ:WING WING has recently broken out of a previous upward channel following positive earnings and raised guidance. This pattern resembles a head and shoulders formation, and a neckline break could at least trigger a retest of the 200-day MA. Key Developments: Uptrend channel breached. Retested bottom of previous channel, failed to break through. Dropped below 100-day MA, subsequently retested and failed to hold above. Expected Outcomes: Bullish Scenario: WING breaks above the upper boundary of the current falling wedge, coinciding with the 100-day MA resistance. In this case, I would exit the position. Bearish Scenario: WING fails to surpass the upper wedge boundary and retests the lower boundary, aligning with previous support and the potential 200-day MA. A subsequent lower high would confirm the head and shoulders pattern, targeting a price of $270-285. Economic Considerations: While declining interest rates are anticipated due to recession fears, this could negatively impact consumer spending, including dining out. WING's franchise-heavy business model may be affected by franchisees delaying store openings in anticipation of lower interest rates and improved economic conditions.
NASDAQ:WINGShort
by Average_Joe_Options
PEPE forms DOUBLE TOP with H&S on right peakPEPE has formed a double top, broken through previous low of 0.0000116 and is now retesting from below. To add fuel to fire, the right top has formed a head and shoulders pattern, with the shoulder line being broken at 0.0000116. Main technical pivot point for PEPE is set at 0.000009, however should we see the reflection of our double top measurement, we'd be looking at a 0.0000108 - 0.0000106 profit target for a nice little short
Short
by CryptoSmith01
Gold BullishBullish head and shoulders pattern is prevalent on the Gold daily chart. It is trading inside a bullish trend channel and currently forming the right shoulder which, so far, is failing to trade near the bottom of the channel creating that higher right shoulder which is a strong confirmation of the direction of the possible continuation. 2450 will be tested before retreating to grab more bulls. The possibility of a failed head and shoulders (on pattern #2) is still on the table. In that case 2350 support level will be tested. Let's see what happens
FXOPEN:XAUUSD
by supertokki52
Next Week Trading Plan (DXY analysis)we have drawn some high lows of weekly and monthly swings after that, we have spotted a chart pattern on 4h of DXY indicating it was head and shoulder (incomplete) although the idea was the left shoulder of the pattern is bigger and on the right shoulder it will be shorter than the left shoulder neckline comes at 104.510 first target will be 104.900 which is derived from the right shoulder length and 2nd target is at level of 105.300 which is the length of head incase the first condition couldn't break through the neckline we then have to wait for price to retest the monthly and weekly support which is around 103.900 to 103.600
TVC:DXY
by Jimmy_Rebello
2
BONKUSDT Potential Head and Shoulders PatternIn the 4-hour BONKUSDT chart, there is a clear potential for a Head and Shoulders pattern. BONKUSDT has bounced off the support line at 0.000026083 and is showing an upward movement. If it retraces from the 0.000029495 levels, it could lead to the formation of a Head and Shoulders pattern. In this scenario, a decline towards the area within the purple rectangle could be anticipated. In the event of a more severe decline, it is possible that the price could fall to the turquoise rectangle, which is outlined with a purple border. Alternative Scenario: If BONKUSDT breaks through the 0.000029945 levels with significant volume, an increase up to the orange rectangle could be expected, and subsequently, it could move towards the red box. If the price rises to the range of 0.000032385 - 0.000033910, the Head and Shoulders pattern will be invalidated. Attention: Given the high dominance of BTC, caution is advised, and BTCUSD should be closely monitored.
Short
by LyricBridge5207
Potential Head and ShouldersIn the 4-hour chart, an emerging but not yet fully confirmed Head and Shoulders pattern is distinctly visible. This technical pattern is often used by traders to predict potential reversals in the market. For the OKX chart, a critical level to watch is 63,480. If the price drops below this level, it could signify a bearish trend, potentially bringing us down to the 55,000 levels. Left Shoulder: Formed at the 66,000 level Head: Reached the peak at approximately 68500 Right Shoulder: Currently awaiting formation The price has touched all the key support points, indicating a potential upward move to form the right shoulder. BTC is currently rising towards this level, suggesting a critical juncture in the pattern development. This movement is crucial because it will determine whether the pattern completes or if another scenario plays out. Alternative Scenario: If Bitcoin manages to break the right shoulder with high volume on the given chart, it could invalidate the Head and Shoulders pattern. A high-volume breakout above the right shoulder would be a strong bullish signal, potentially resulting in a significant upward movement. In this case, we could see BTC rise to the 72,000 level. This analysis suggests that traders should closely monitor the following: 63,480 Support Level: A drop below this level could indicate a bearish trend towards 55,000. Formation of the Right Shoulder: Watch for the completion of the right shoulder around the current levels. Volume Analysis: High trading volume accompanying a breakout above the right shoulder would suggest a strong bullish trend, potentially leading to the 72,000 level. Given these factors, the current market conditions present a pivotal moment for BTC. Traders should be prepared for both scenarios, adjusting their strategies accordingly to manage risks and capitalize on potential opportunities. In summary, the Head and Shoulders pattern in the 4-hour chart provides a critical framework for anticipating BTC's next moves. Whether BTC confirms the pattern by breaking below 63,480 or invalidates it with a high-volume surge above the right shoulder will be key in determining the market direction in the near term.
Short
by LyricBridge5207
2