Short position on ManaMana created a Head and shoulders pattern,i think price going to pull back to the neckline and drop till next support
Head and Shoulders
Massive Inverse Head & Shoulders Pattern FormingMassive Inverse Head & Shoulders Pattern Forming on the 4h. Breaking above the Neckline would confirm this pattern which could trigger a bullish reversal.
Bitcoin ready to retrace ?Hello All, As per me there are 2 retesting pending, I am expecting this retesting to be completed by Jan ... Lets hope for the best
Trading opportunity for BGBUSDTBased on technical factors there is a Sell position in :
📊 BGBUSDT
🔴 Sell Now
🪫Stop loss 4.7000
🔋Target 1 3.4000
🔋Target 2 3.0000
🔋Target 3 2.5000
💸RISK : 1%
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$NVDA H&S, Potential Correction?Seeing this H&S forming on NVDA. Technicals showing a potential correction down to $110. This price prediction was made by measuring from the head down to the neckline. With recent FOMC reaction will this be possible? If anyone has fundamentals of the overall AI market for the short term id love to hear your input.
$DDOG - head and shoulders pattern breakdownDDOG - Stock seeing head and shoulders break down pattern on daily time frame. Stock has 2 gaps to fill to the downside from $146 to $143 and $142 to $135. Stock on watch for puts buying opportunity here. $135 and $130 look a good price target below $145
AUDNZD: Confirmed Bullish Continuation?! 🇦🇺🇳🇿
AUDNZD formed a nice inverted head and shoulders pattern on a daily.
A bullish breakout of its neckline is a strong bullish reversal signal.
We can expect more growth and test of 1.1143 level soon.
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MCD “McDonald’s” is ready to go!As McDonald’s is attempting to recover from the gap down due to the outbreak, we see an inverse head and shoulders pattern forming……Bouncing from relatively low RSI……Following rate cuts by the Fed…….I believe we are primed and well position for a nice rally until 2025!
Lel better send it fast else Clear H&S on higher TF about to close the last shoulder if that bull flag is not a smaller h&s.
Gl mate
According to this pattern, EUR/USD's next target is 1.0181A little-known pattern called the Failed Inverse Head-and-Shoulders pattern was triggered in EUR/USD yesterday following the Fed's rate meeting. This pattern occurs when the price breaks below the right shoulder of the head-and-shoulders formation, reversing the original bullish pattern into a bearish one. In this case, the target is the difference between the head and the neckline, which is 280 pips. When subtracted from the right shoulder low, this suggests the price could drop to $1.0181.
For the pattern to remain valid, the price must stay below the right shoulder low at $1.0462. As long as it trades below this level, the bearish target remains intact.
This aligns with recent developments at the Fed, which surprised the market by signaling just two rate cuts in 2025 while anticipating higher inflation. Trump's potential policies, including trade wars and tax cuts, are likely to fuel inflation. Meanwhile, Europe faces additional challenges, with continued rate cuts and expected economic strain from trade wars likely to worsen its economic troubles.
This content is not directed to residents of the EU or UK. Any opinions, news, research, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. ThinkMarkets will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
Binance stalled, but will go higherBinance coin is stalled undertaking a long-term inverted head and shoulders pattern. There is likely to be a bit more down, before busting through the upper trend line on to new all time highs. Keep a close eye on it, as it's buffeting nicely. I'd take a long trade once there's confirmation of the upper trend line being decisively breached. Else, we might see a failed head and shoulders. Keep a close eye and follow for more.
BITCOIN → Bearish Pressure !!!Bitcoin has formed a bearish head and shoulders pattern on the hourly time frame. This pattern could potentially lead to a price drop to around $99,000 after the pattern breaks.
But as long as this pattern does not break, we cannot say that the price is bearish. Therefore, we should wait for this pattern to break to confirm a bearish trend.
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Silver Rebound Offers Short Trade Potential: Targeting $28In my weekend analysis, I highlighted the potential formation of a Head and Shoulders pattern in Silver's price, with the neckline positioned precisely at the psychologically significant $30 level.
Yesterday, the Federal Reserve’s rate cut triggered a drop below this key level. Currently, OANDA:XAGUSD is experiencing a normal rebound.
This rebound may provide traders with an opportunity to consider short positions if the broken $30 level is retested.
The next significant support level is at $28, which could serve as the target for this potential move.
$XRP Potential H&S ContinuationNeed Confirmation above the neckline but the signs are there. Diminishing volume as pattern forms. looks like right shoulder is forming at the time of posting.
Trading Silver: Sell Rallies Amid XAG/USD’s Bearish MomentumLast week, OANDA:XAGUSD made several attempts to break through the 32.30 resistance zone but failed to sustain any momentum. Much like the price action in OANDA:XAUUSD , Thursday was marked by a bearish engulfing candle, which was even more significant given the preceding day's Doji formation. Following the formation of this bearish engulfing candle, the price dropped sharply, reaching a local low around the 30.30 level, marking a 2,000-pip drop from the previous high.
The structure forming since mid-September resembles a potential head and shoulders pattern, although it has not been confirmed yet.
If the price breaks below the 30.00 zone, it could put further pressure on the selling side, triggering more downside momentum. In this scenario, the next key support level to watch would be around 27.80, with the measured target for the pattern being approximately 25.00.
At this point, resistance is positioned at 31.50, and any rallies approaching this level should be viewed as potential selling opportunities. Sellers may look to capitalize on these rallies, anticipating a continuation of the downtrend.
Additionally, the bearish outlook is reinforced by a bearish Pin Bar on the weekly chart, which adds further weight to the negative bias. This combination of factors—bearish patterns on both the daily and weekly charts—suggests that the downward pressure could persist, with further downside potential for XAG/USD in the near term.
In summary, traders should remain cautious about buying in the current environment. Instead, the focus should be on selling rallies, especially near key resistance levels, while keeping an eye on the 30.00 support level as a key area for potential breakdown.
TAO/USD SHORT. WAITING FOR BUY OPPORTUNITY AT 220 in FEB TAO: Waiting for the opportunity for the right shoulder to close. As of December 18, we are at a price of approximately 500 TAO/USD, and we are anticipating a buying price in the range of 215 TAO/USD. There is a clear and perfect head and shoulders pattern on the weekly chart that is expected by February 2025.
To track this correctly, we need to monitor the breakout of the following Fib resistance levels:
At the 0.5 Fib resistance line (466 TAO/USD)
At the 0.388 Fib resistance line (408.43 TAO/USD)
At the 0.236 Fib resistance line (366.45 TAO/USD)
And reaching the reset line at 0 (220 TAO/USD)
This is not investment advice; it is purely educational and for training purposes.
NZD/USD looking very bearish over the longer termLooking at the 6 month candlesticks, whereby each candlestick represents 6 months of price action, every time this pair has put in a bottom it has done so relatively quickly and started an uptrend. The past 4 years have been different though.
It has been testing the .55 level since 2020. The Covid Rally was formidable but it came right back down in 2022 and has not caught a strong bid. This presents a bearish case in my opinion. If it were to put in a massive rally from here that would be very anomalous from a price action perspective.
.55 doesn't offer as strong a historical support as .50(ish) does. If this pair trades down and breaks the 2020 lows it will quickly go to .50 with strong follow-through.
Side note: are we really to ignore the massive multi decade head and shoulders pattern is has formed? I will not. This pair is headed down below .50 by next year sometime in my opinion.
Weekly CLS from HTF FVG, Model 2 from OBWeekly CLS from HTF FVG, Model 2 from OB.
you are welcome to comment with your thoughts and share your charts or questions below, I like any constructive discussion.
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Possible short-term BTCUSD HEAD AND SHOULDERS PATTERN formed.Please see attached chart. BTCUSD 1-4hr timeframe.
There could well be a possible H & S pattern that takes us from the neckline of around $104k down to the $99-101k buy-in zone.
This area also aligns with the 50% fib, charted from the recent swing low of $94,300 to swing ATH of $108,360
Max volume profile area also aligns at $101,000.
Longs opened at $103-104k, with further entry long limits set at 99-101k, expecting 107-108k retest for subsequent take profit. Will let anything that breaks 108k run beyond with stops adjusted as necessary.
Thanks.
FOMC rate meeting is unlikely to deter USDCAD buyersIn October 2024, USDCAD triggered a complex inverse head-and-shoulders pattern forming for 747 days. This pattern suggests a potential move of 777 pips to the upside, with the pair still roughly 375 pips away from the 1.4672 target.
In the short term, if the price dips but holds above last Thursday's low of 1.4130, buyers will likely step in and push the price higher.
This content is not directed to residents of the EU or UK. Any opinions, news, research, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. ThinkMarkets will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
LINK --- projecting out this year... $63 Next set of targets for LINK
not hard to predict Chainlink will keep trending up --- we're in a Bull after all
The hardwork by investors, was completed in the year and half sideway accumulation zone under $10
now what ...
not much
sit on your hands
and rotate shitcoin profits into it ... (if LINK is core component of your portfolio of course)
At some you will have to decide when you to start selling your LINK for USD ... it won't be easy
Has been going down for a while now.We've been consolidating near the bottom for a while, and the setup looks promising for a breakout. Fundamentals support this: energy demand is rising, and commodities are becoming increasingly scarce. Technically, we see a double bottom and a head-and-shoulders pattern. Price action is tightening into a pennant-like formation, suggesting an imminent move.
