GBPUSD DOUBLE MOVE GBPSUSD has formed left shoulder and head and most likely form right shoulder afterwards we will see bearish move.
Head and Shoulders
SOL/USD Breakout to $202 - Inverse Head & ShouldersInverse head and shoulders breakout, target is $202, may take some time to get there but this pattern is in line with other coins in crypto, need BTC to go on a bullrun for this to play out too.
Place your fucking bets.
NASDAQ INDEX (US100): More Growth is Coming Next Week
US100 nicely respected a recently broken horizontal structure resistance.
The price formed an inverted head and shoulders pattern on that and bounced.
I think that the Index will continue growing next week.
Next resistance - 20460
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Since 2014, my markets approach is to spot
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CLASSICAL CHART PATTERNS
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Hello Traders ✌
After a careful consideration I came to the conclusion that:
- it is crucial to be quick in alerting you with all the opportunities I spot and often I don't post a good pattern because I don't have the opportunity to write down a proper didactical comment;
- since my parameters to identify a Classical Pattern and its scenario are very well defined, many of my comments were and would be redundant;
- the information that I think is important is very simple and can easily be understood just by looking at charts;
For these reasons and hoping to give you a better help, I decided to write comments only when something very specific or interesting shows up, otherwise all the information is shown on the chart.
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"A pattern IS NOT a Pattern until the breakout is completed. Before that moment it is just a bunch of colorful candlesticks on a chart of your watchlist"
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Breakout Area, Target, Levels, each line drawn on this chart and any other content represent just The Art Of Charting’s personal opinion and it is posted purely for educational purposes. Therefore it must not be taken as a direct or indirect investing recommendations or advices. Entry Point, Initial Stop Loss and Targets depend on your personal and unique Trading Plan Tactics and Money Management rules, Any action taken upon these information is at your own risk.
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SALESFORCE Long term B U Y* alerts 4 year long inverted HNS the stock looks promising in the near future. Above 319 stock jumps till 505. Once you invest you need to wait for 3-4 months for the stock to react dont get bored as this is on monthly pattern.
CMP - $293
Above - 319 stock can jump till 505
Stop loss - 210
Targets - 505 --- 600
Inverse head and shouldersAn inverted head and shoulders is almost complete
Price can get a strong upside boost during next weeks
Alikze »» BNB | Ascending Wave 3 or C Scenario - 1D🔍 Technical analysis: Ascending Wave 3 or C Scenario - Reverse Head and Shoulders pattern and bullish channel
- It is moving in an ascending channel in the daily time frame.
- According to the analysis presented in the previous post , after the inability to break the supply area, the range of 530 to 545 faced correction, which after the correction in the Liquidity Area, it faced demand. After that, it entered an upward rally and then From the failure of the supply zone (545-53) and pullback, it entered the upward continuation phase.
- As can be seen, after the correction in the Liquidity Area, a head and shoulders pattern has also been formed.
- It is currently in the supply area.
Therefore, in case of selling pressure, it can face the demand again by correcting in the bottom area of the channel, and after the failure of the supply area and pulling back to it, it can continue its growth until the next supply area, which is also the ceiling of the ascending channel.
💎 In addition, if he can break the supply zone that is the range of the previous hundred fibo wave (the ceiling of the channel), he can continue his growth by pulling back to it until the next supply zone.
⚠️ Note: In addition, it should be noted that this upward wave should not enter the Liquidity Area, touching the number 470.9 will invalidate the upward scenario. ⚠️
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BINANCE:BNBUSDT
Buy idea on the EURNZD @ 1.7700I expect the NZD to weaken vs the EUR if price hits pivotal support at 1.7700. The target is Pivotal Resistance at 1.8000
If price moves above 1.8000 then I'll continue buying
HarryPotterObamaSonic10Inu to get on his Broomstick to $1.20Yes I know it is up 4X in a month
But it has momentum, strength, uniquness, newness, deep liquidity and its ontop of the mother chain of speculation #ETH.
Let alone the continuation pattern that we have in front of our eyes.
If I had fresh funds that had just came into coinbase these are the coins you should be on the hunt for.
Nifty 50 Index - Head and Shoulders Pattern ConfirmedOn the daily timeframe, Nifty 50 has formed a textbook Head and Shoulders pattern, signaling a potential bearish reversal. The left shoulder formed around late August, followed by a higher peak (head) in early September, and now the right shoulder is completed. The neckline has been broken at the 24,612 level, indicating further downside risk.
Key Points:
Pattern: Head and Shoulders (Bearish Reversal)
Neckline : 24,612 (Broken)
Immediate Support: 24,459
Target 1: 23,348 (measured move from the head to neckline)
Volume: Increased during the right shoulder formation, confirming selling pressure.
RSI: Currently near the oversold territory, suggesting a possible short-term relief bounce before resuming the downtrend.
Projection:
Short-term downside: The first target can be seen around 23,348, where the measured move would complete.
Risk Management: A close back above the neckline would invalidate the bearish outlook, with resistance now around 24,816.
Short USDCADUSDCAD is currently in a weekly POI and there has been a strong rally to the top. I will be expecting a retracement. The weekly POI is a good zone to retrace
Confirmation, break and retest on 1hr structure
AUDUSD: Potential Head & Shoulders Pattern Forming? AUDUSD might be setting up for a head and shoulders pattern. Looking at the price action, the structure suggests the possibility of this pattern forming, but we still need the chart to complete the right shoulder for confirmation.
If the pattern plays out and the neckline is broken, we could see a bearish move ahead. Until then, patience is key—let's wait for the right setup to develop.
What’s your view on this? Do you think the pattern will complete, or do you see a different setup? Let’s discuss in the comments!
GBPJPY bearish for 150 pipsIn a bearish trade setup on GBP/JPY with a 150-pip profit target and a 50-pip stop loss, you’re aiming for a reward-to-risk ratio of 3:1. This means that for every 50 pips you risk, you’re potentially gaining 150 pips, which is a favorable setup.
Here’s a detailed breakdown of this trade idea:
1. Setting the Profit Target (150 Pips)
A 150-pip profit target is quite common in GBP/JPY due to its volatility. This target should be set near a significant support level or other technical factors such as:
A previous major swing low.
A Fibonacci extension level (like the 127.2% or 161.8%).
A psychological level or round number (e.g., 180.00, 179.50).
GBP/JPY often moves in wide ranges, so a 150-pip move in a single trading day or session is realistic, especially if the market is trending strongly.
2. Defining the Stop Loss (50 Pips)
A 50-pip stop loss should ideally be placed above a significant resistance level:
A recent swing high.
Above a key moving average (such as the 50 or 100 MA on the 1H or 4H chart).
Above a Fibonacci retracement level (such as the 38.2% or 50% retracement of the latest downtrend).
You want to make sure the stop isn’t too tight, giving the trade some room to breathe, but also protecting you in case of a reversal.
LRCX Inverse H&S Forming! Huge move upward inbound! NASDAQ:LRCX Inverse H&S Forming! Huge move upward inbound!
A break of the neckline would reward a 25% upside to the volume gap!
Bearish_H&S pattern in Nifty_Tar 23800Nifty forms head and shoulder pattern and now in neck location. If the neck broken with strong Big Red candle, then it confirms. Target 23800
Disclaimer: Above idea is only for study purpose and totally my own view. It's not a Call for buy/sell. I am not a registered call provider.
Technical Analysis of Digital Turbine (APPS)Looking at the stock's (APPS) historical performance, we can see a long lateral phase that lasted about 10 years. It broke out of this sideways trend with a strong bullish rally, reaching a peak of around $100. After that, the uptrend ended, and a downward phase began, following the formation of a Double Top technical pattern.
The downtrend appears to have stopped near a support zone.
When zooming in with a lower timeframe, we notice that the downtrend halted around this area. The stock broke a descending trendline and formed a bullish Head and Shoulders pattern. The neckline was broken with strength, accompanied by a substantial increase in volume, coinciding with the release of earnings and revenue reports.
After the strong rally, the stock retraced and is now sitting at the Point of Control (POC) of a key volume area, which considers the entire history of the stock.
Bullish Scenario
The stock seems to be in a rebound phase after touching the POC. A continued upward movement could target the $7 area, which aligns with another significant volume area.
Bearish Scenario
If the POC area fails to hold, one could consider entering at the $1 level, which corresponds to a support area.
Note of Caution: The stock has experienced a massive loss over three years, dropping from $100 to around $1.50. Therefore, it’s crucial to proceed with caution when evaluating this stock.
CBRL - almost turning bullishCBRL bouncing over 50 DMA and showing relative strength in today’s market sell off.
Long any where now or wait for pullback around 40’s.
This has to break the 47.50 level to move up.
Target 1 - 50
Target 2 - 60
Stop loss - 36
GOLD (XAUUSD): Very Bearish Setup ExplainedGold formed a head and shoulders pattern on the hourly chart, featuring a descending triangle as the right shoulder.
Both patterns had a common neckline, which was breached during the Asian session when an hourly candle closed below it.
This suggests a possible price decline, with targets projected at 2636 and 2624.
XAUUSD(GOLD) SALEENTRY 2645.64
STOP LOSS 2670.02
TP 2616.80 & 2606.21
The daily trend is bearish. The market has already made new low and is now reaching the second resistance, from where we can expect a sell trade.
On the 1-hour chart, a head and shoulders pattern has formed, and its neckline has already broken to the downside. I've taken a trade on the retest
GOLD (XAUUSD): Very Bearish Setup ExplainedGold displayed a head and shoulders pattern on the hourly chart, with the formation of a descending triangle pattern as the right shoulder.
Both patterns shared the same neckline, which was broken during the Asian session when an hourly candle closed below it.
This indicates a potential drop in price, with targets set at 2636 and 2624.
ORDIUSDT: Major Breakout or Breakdown Imminent – Are You Ready?Yello, Paradisers! Have you been watching ORDIUSDT closely? Well, it's showing signs that could lead to a big move! Let's break it down.
💎ORDIUSDT is currently testing a key descending channel and has flashed a Change of Character (CHoCH) towards a bullish market structure. Not only that, but the chart has formed an Inverse Head and Shoulders pattern, which further boosts the chances of a bullish breakout.
💎If ORDIUSDT manages to break above the resistance zone and close a candle above it, this will confirm the Inverse Head and Shoulders pattern, significantly increasing the likelihood of a bullish reversal.
💎On the other hand, if there's a pullback, we could see a bounce from the support zone. However, to confirm this bounce and give ourselves the edge, we’ll need an Internal Change of Character (I-CHoCH) on the lower timeframes.
💎But be cautious. If the price breaks down and closes a candle below the support zone, it would invalidate our entire bullish setup. In that case, it’s wiser to step back and wait for a better opportunity to present itself.
🎖Patience is key here, Paradisers. Remember, only the disciplined and strategic traders make it far. Stick to the plan, and don’t let emotions drive your trades. Stay focused!
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