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Head_and_shoulder

🚧ALGOUSDT is Bullish now🚧 & many Traders don't see it 👀!!!Hi. COINEX:ALGOUSDT ✅Today, I want to analyze ALGO for you in a Weekly time frame so that we can have a MID-term view of ALGO regarding the technical analysis. (Please ✌️respectfully✌️share if you have a different opinion from me or other analysts). ALGO has formed an inverse head and shoulders pattern. If price followed this pattern and will soon reach to 0.90 . The expected movement is measured as the price movement (AB=CD). ✅ Due to the Ascending structure of the chart... - High potential areas are clear in the chart. Stay awesome my friends. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅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
4
Greenback Correcting Its Dovish OversoldWhat market participants expected: - 2023 Sept: Betting one last rate hike (a 4th in year 2023) in Nov/Dec FOMC meeting. - 2023 Dec: No rate hike in Dec FOMC meeting. Afterwards, expected the Fed to cut in March 2024 What the Fed told us: - According to the 'dot plot', majority of committee anticipate a 50-100 bps cut by the end of 2024. - Powell once said the Fed will act if inflation comes back up. USD movement: - "Hawkish" Nov/Dec rate hike expectation fell short that was interpreted as Powell's "dovish" stance. - Implied 150 bps rate cut mismatched the Fed's projection. - Speculations amplified the "mismatch" during holiday session when traders and fed officials are in the holiday. - When volume comes back after holiday, markets act to correct. Technical view: - DXY still being the triangle, i.e. support found upon its upward trendline - Short-run key level would be 103, where around a former bottom - Actual resistance should be 104 when an inverted Head and Shoulder pattern is forming.
TVC:DXYLong
by kenhungbiz
1
🔥 PEPE Inverse Head & Shoulders: Update!At the start of the month I made an analysis on PEPE where I discussed the inverse head & shoulders pattern that has formed. Risk-seeking traders could've made a killer-entry around the purple area for a decent +300%. I think there's still more to this move. I'm looking at a 440 target for the next 1-2 weeks. Ideally paired with a neutral/bullish Bitcoin. Be aware that the 440 all-time high area poses a risk to bulls, as it's a very strong resistance.
Long
by FieryTrading
12
Head and Shoulders Tutorial on Crude Oil ChartI have decided to start a short series of tutorials covering common instruments used in technical analysis. In today's tutorial, we observe a successfully identified head and shoulders pattern on the 4-hour chart of Crude Oil, resulting in a substantial movement of around 17%. Here's how to find the instrument: navigate to the left sidebar and select 'Patterns,' where you will find 'Head and Shoulders.' Analyzing and trading correctly involve the following steps: 1) Both shoulders must form within a rising or falling trend. In the case of that Oil chart, we observe a rising trend, indicating a potential short position. 2) The size of the head becomes our target for take profit (TP), and upon reaching TP, we close 80% of the position. 3) Ideally, volumes at the right shoulder should decrease, and upon breaking, they should increase. Risk Management Strategy: 1) Limit each trade to no more than 2% of your deposit. 2) Always utilize stop-loss and take-profit orders. 3) Never trade money you are not prepared to lose. 4) Start with small budgets. It is crucial to emphasize that risk management must be adhered to whenever you engage in trading! Register and trade stocks and crypto using my link with a discount on commissions: bingx.com/invite/E6RCUFJT
TVC:USOILEducation
by CarpBuro
#DXY possible bullish reverse head and shoulder patternI believe this bearish move, which we are observing in the 1-hour timeframe market structure, is a bearish corrective move. Consequently, there is a possibility of a bullish continuation move in the Dollar. Upon closer inspection, we can see the formation of a reverse head and shoulder pattern , which is an intrinsically reversal pattern and signals a potential bullish move. If the price manages to break above this bullish pattern and a short-term bearish trendline, we could assume that our higher timeframe bullish move would possibly continue. If you've found this analysis helpful, please take a moment to like, comment, or share your thoughts with me.
TVC:DXYLong
by mohemati