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Head and Shoulders

POLUSDT - 1H - Critical point: $0.35 - $1POLUSDT - 1H - Critical point: $0.35 - $1 TRADEX BOT NEWS: We are continuing to move forward with the development of the CEX autotrading bot. At the moment we are testing it on OKx accounts, but we are working to include other exchanges: binance, coinbase, krakken... We have also added "all" of the exchange's trading pairs. This will be the first version of TradeX BoT, which will work as a second layer Order Book in CEX markets, hiding our greed (TP) and fears (SL) from the exchanges. We will have more news soon! Thank you! _______________________________________________________ POLUSDT - 1H - Critical point: $0.35 - $1 We are in the support zone of the current bullish trend. It should be a good support point to boost the price up to $0.98-$1. On the contrary, if it continues to delve into its current bearish channel, it could lose all interest for the investor and could collapse to $0.34 - $0.35. __________________________________________________ Automated Cryptocurrency Trading Bots: All these strategic alternatives can be configured with TradeX BoT, since it will allow you to position in both directions without having to block any amount per position. It will only be necessary for the conditions to be met, either downward or upward, for the orders to be executed in one direction or another, taking the necessary deposits from your portfolio. TradeX BoT (in development): Tool to automate trading strategies designed in TradingView. It works with both indicators and technical drawing tools: parallel channels, trend lines, supports, resistances... It allows you to easily establish SL (%), TP (%), SL Trailing... multiple strategies in different values, simultaneous BUY-SELL orders, conditional orders. This tool is in the process of development and the BETA will soon be ready for testing. FOLLOW ME and I will keep you informed of the progress we make. I share with you my technical analysis assessments on certain values ​​that I follow as part of the strategies I design for my portfolio, but I do not recommend anyone to operate based on these indicators. Inform yourself, educate yourself and build your own strategies when investing. I only hope that my comments help you on your own path :)
by DeuXfi
1
Vistra Energy Stock Quote | Chart & Forecast SummaryKey Indicators On Trade Set Up In General 1. Push Set Up 2. Range Set up 3. Break & Retest Set Up Notes On Session # Vistra Energy Stock Quote - Double Formation * 130.00 USD | Survey Area Valid | Subdivision 1 * (Neckline) | Entry Bias Valid - Triple Formation * Pennant Structure | Uptrend & Continuation At 115.00 USD * Retracement | 0.382)) | Retest | Hypothesis | Subdivision 2 * Daily Time Frame | Valid Area & Entry Settings | Subdivision 3 Active Sessions On Relevant Range & Elemented Probabilities; London(Upwards) - NYC(Downwards) Conclusion | Trade Plan Execution & Risk Management On Demand; Overall Consensus | Buy
CAPITALCOM:VSTLong
by TradePolitics
Northrop Stock Quote | Chart & Forecast SummaryKey Indicators On Trade Set Up In General 1. Push Set Up 2. Range Set up 3. Break & Retest Set Up Notes On Session # Northrop Stock Quote - Double Formation * 530.00 USD| Survey | Subdivision 1 * (Neckline) | Bias On Hold | Method 1 - Triple Formation * ABC Flat Correction | Configuration | Subdivision 2 * Inverted Head & Shoulders Pattern | Method 2 * Retracement Area| Pullback Entry | Hypothesis | Subdivision 3 Active Sessions On Relevant Range & Elemented Probabilities; London(Upwards) - NYC(Downwards) Conclusion | Trade Plan Execution & Risk Management On Demand; Overall Consensus | Neutral
CAPITALCOM:NOC
by TradePolitics
BOTTOM FOR GOLD? - FED RATES TOMORROW; ONLY A PROJECTION! As illustrated, I am trying to visualize what COULD be an inverted head & shoulders pattern, THAT HAS NOT BEEN FORMED YET! I REPEAT: IT HAS NOT BEEN FORMED YET The only reason I share this idea, is because tomorrow, WED 18th, the FED has to decide for the last time this year if to lower rates or keep them at 4.75% basis points. Should the FED decide to LOWER them, this could cause gold to spike and potentially being the bullish impulse I am trying to project here. Should the FED KEEP the rates where they are, the market MIGHT simply continue its "current normal" path which STILL HAS BEARISH STRUCTURE. THAT BEING SAID ... Be patient with this potential setup, and wait for the rates to come out + a few hours for the market to price in the decision of the FED, because there is still room for gold to drop to the psychological price range of 2610 - 2600. Gold is at a spot where it could manipulate one more time before a pop to the upside, in order to induce sellers and generate liquidity. Regardless the outcome of the FED rates, if price does indeed take off, make sure it closes above the pivot area illustrated and make sure such area HODLS as support In the near future for a potential buy opportunity towards a year-end bull expansion toward + 2730... -- GOOD LUCK!
FOREXCOM:XAUUSD
by PersaGold
DEGENUSD 12/6/2024DEGENUSD Daily Chart Analysis • Coin Release: DEGENUSD was released on Coinbase in mid-October 2024. • Pattern Formation: From its release through November 10th, the price formed an Inverse Head and Shoulders pattern. • Breakout: On November 12th, the price broke through the neckline, rallying over 230% before pulling back. • Support: The price has since found support at 0.017360, aligning with the 20-day moving average, which is providing additional support. • Momentum: The MACD is currently below its signal line but remains in bullish territory. The contracting histogram indicates potential for the MACD to cross back above its signal, suggesting a resumption of bullish momentum. Trade Setup (Long): • Entry: 0.019207 • Stop Loss: 0.015634 (-18.60%) • Initial Target: 0.051171 (+166.42%, 8.95 RR ratio) The bullish chart pattern, combined with the MACD setup and strong support levels, indicates a high-probability trade with significant upside potential.
COINBASE:DEGENUSDLong
by rudcharts
2
SHPINGUSD 12/11/2024SHPINGUSD 1HR Chart Analysis Overview: This analysis examines the shorter-term price movement for SHPINGUSD on Coinbase. Price Action Summary: • On December 7th, 2024, SHPINGUSD reached new highs for the day but subsequently entered a downtrend, dropping below the 50-day EMA over the next two days. • Over the past three days, the price consolidated sideways, forming what appears to be an Inverted Head and Shoulders , a bullish reversal pattern. • This is encouraging as the daily chart indicates a strong uptrend. Current Market Dynamics: • Today, the price broke above the neckline of the Inverted Head and Shoulders pattern. • The breakout is supported by: o Increased volume o The MACD shifting into bullish territory o Support from the 10-day and 50-day EMA Projection: If the price holds above the neckline and the support levels (10-day and 50-day EMA), a strong move north toward 0.0141 is likely. ________________________________________ Trade Setup: • Entry Price: 0.011361 • Stop-Loss: 0.010865 (-4.13%) • Target Price: 0.014114 (+24.23%) • Risk-Reward Ratio: 5.55:1 ________________________________________ Summary: SHPINGUSD has shown bullish potential after breaking out of an Inverted Head and Shoulders pattern on the 1HR chart. The breakout is confirmed by volume, MACD, and EMA support. Holding above key support levels could lead to a significant upward move.
COINBASE:SHPINGUSDLong
by rudcharts
Inverse Head & Shoulder Tutorial An inverse head and shoulders pattern is the opposite of the head and shoulders pattern and signals a potential bullish reversal from a downtrend to an uptrend. Here's a breakdown of its key components: Left Shoulder: The price falls to a trough and then rises back to a resistance level. Head: The price falls again to a lower trough and then rises back to the same resistance level. Right Shoulder: The price falls again but only to the level of the first trough, then rises once more. The pattern gets its name because it resembles an upside-down head with shoulders on either side. The neckline is the resistance level connecting the highest points of each peak. Types of Inverse Head and Shoulders Patterns Inverse Head and Shoulders Bottom: This pattern signals a potential reversal from a bearish trend to a bullish trend. How to Trade It Breakout Confirmation: The pattern is confirmed when the price breaks above the neckline in an inverse head and shoulders bottom. Entry Point: Traders often enter a long position when the neckline is broken in an inverse head and shoulders bottom.
NYSE:XYZEducation
by RonnieV29
8
Bitcoin Continuation TargetsChart price scale is Logarithmic. Fib ranges are based on log scale. The multi year inverse head and shoulders is supporting the 1.414 level at ~$128,000. The calculation for this structure is displayed on the chart. Subtract the range below the neckline and add it to the neckline break price level. The 7 month consolidation in the form of a bull flag is displaying potential for over performance to the 1.618 level at ~$175,000. The previous cycle reached the 1.618 level. In previous cycles, RSI levels reached 85+. The current RSI value is at 78 which supports room for expansion. The MACD is vertical and rapidly expanding. With the current velocity, my targets to the upside are $129,000 and $175,000 in Q1-Q2 of 2025.
BITSTAMP:BTCUSDLong
by MaxDDM
Easy profit of 110pips, gold still points to 2630!Bros, as I mentioned in my last opinion, gold is currently facing resistance in the 2660-2670 area, so I still prefer to short gold in terms of trading. Today we shorted gold near 2660 as planned. Just now, when gold fell back to around 2649, I manually closed my short position and easily made a profit of 110 pips. So how should we trade gold next? Today, gold showed a weak rebound, proving that as gold fell last Friday, buying funds gradually concentrated in the 2645-2640 area. Therefore, before gold falls below the 2645-2640 area, we cannot be too bearish on gold in short-term trading, so we cannot set a TP value that exceeds expectations; however, gold is still weak overall, and we can still wait for gold to rebound and short gold again. If the gold market is to eliminate some long holders, then gold is likely to try to fall below the 2645-2640 area and continue to fall to around 2630. So next, we continue to short gold with the 2665-2660 area as resistance. Brothers, are you bearish on gold in the short term like me? If you want to learn more detailed trading ideas and get more trading signals, you can choose to join the channel at the bottom of the article to make trading no longer difficult and make making money a pleasure!
OANDA:XAUUSDShort
by Trader_Marvin
Medical Properties | Chart & Forecast SummaryKey Indicators On Trade Set Up In General 1. Push Set Up 2. Range Set up 3. Break & Retest Set Up Notes On Session # Medical Properties - Double Formation * 7.30 USD | Trend Line Survey | Subdivision 1 * Retracement 0&1 | Consolidation - Triple Formation * 3.65 USD | Trend Line Survey | Subdivision 2 * Head & Shoulders | Configuration * Retracement | 0.786 & 0.5 | Subdivision 3 Active Sessions On Relevant Range & Elemented Probabilities; London(Upwards) - NYC(Downwards) Conclusion | Trade Plan Execution & Risk Management On Demand; Overall Consensus | Sell
CAPITALCOM:MPWShort
by TradePolitics
Tradeweb Markets Inc | Chart & Forecast SummaryKey Indicators On Trade Set Up In General 1. Push Set Up 2. Range Set up 3. Break & Retest Set Up Notes On Session # Tradeweb Markets Inc - Double Formation * 105.00 USD | Head & Shoulders Structure | Subdivision 1 * (Neckline) | Survey Entry | Daily Time Frame - Triple Formation * 0.382)) Retracement | Uptrend Bias | Subdivision 2 * ABC Flat Correction | Configuration | Subdivision 3 * Trend, Behaviour & Entry | Daily Time Frame Active Sessions On Relevant Range & Elemented Probabilities; London(Upwards) - NYC(Downwards) Conclusion | Trade Plan Execution & Risk Management On Demand; Overall Consensus | Neutral
CAPITALCOM:TW
by TradePolitics
Cigna (Extended Hours) | Chart & Forecast SummaryKey Indicators On Trade Set Up In General 1. Push Set Up 2. Range Set up 3. Break & Retest Set Up Notes On Session # Cigna (Extended Hours) - Double Formation * 370.20 USD | Trend Line Configuration | Subdivision 1 * 314.55 USD | Trend Line Support | Entry Settings | Continuation - Triple Formation * Pattern Confirmation | Reversed Bias & (Neckline) * Retracement | Areas | (1) & 0.382)) | Subdivision 2 * Daily Time Frame Survey | Subdivision 3 Active Sessions On Relevant Range & Elemented Probabilities; London(Upwards) - NYC(Downwards) Conclusion | Trade Plan Execution & Risk Management On Demand; Overall Consensus | Sell
CAPITALCOM:CIShort
by TradePolitics