The inverted head and shoulders pattern failed . All is well, as we have Thomas Bulkowski's history of patterns & statistical setups to guide us along together. Ethereum has already invalidated the single bust . It is time to explore the Double Bust IH&S chart pattern, & look for these elements: Price must confirm the head-and-shoulders bottom by...
Hello Dear friends On the daily chart, according to maintaining the price range of $5, it seems that the possibility of completing the head and shoulder pattern at the end of the downward trend is high. If the rising trend is above the range of $7.25, we expect it to advance to the yellow range ($8.88). We would be happy to hear your comments
Head and Shoulders on NASDAQ chart (mirrors Inverse H&S on DYX chart).
HTF - Price has been stuck in a descending channel since June of 2021 in the 4-hour TF. LTF - Price has recently broken HTF structure but formed a weird head and shoulders pattern in an ascending channel, which indicates reversal, + price has moved impulsively inside the HTF structure adding confluences to momentum reversal. Now the only thing we need to wait...
IT seems Bullish head & shoulder for XTZUSDT and we wait to poolback to 5.5-6.5 usdt and long after that
possible head and shoulders is forming
Potential H+S pattern on Morgan Stanley (MS) May wish to wait for further confirmation of the breakdown before entering, if you choose to enter now, i would use a close above the right shoulder as an initial exit. P.S. The H+S pattern i noted on JPM also seems to be developing quite nicely, overall the financial sector (XLF) is one to keep an eye on -TradingEdge
Good Day Traders.... HERE'S A SHORT IDEA FOR THE USDCAD USDCAD REMAINS DIRECTIONLESS ON MOST FRONTS BUT IT STILL REMAINS UNDER THE BULLISH PRESSURE FOR THE SECONF DAY IN ROW.. WE SAW A STRONG RECOVERY ON OIL WICH PROMPTED A BIT OF A PULL BACK ON THE PAIR... I'M LOOKING FORA BOUNCE / TOUCH OF SUPPORT LEVEL 1.39831 RETRACE A BIT TO THE UPSIDE THEN CONTINUATION TO...
Possible Head&Shoulder if Stochastic (Over bought) + SAR change to right position will be a good Sell. Just sharing my ideas. What do you think?
GBPUSD 1H SHORT 125 PIPS DOWN TREND HEAD AND SHOLDER PRICE 1.28470 SL 1.29040 TP 1.27200