10yr notes inverted H&S patternIntraday Update: 10yr notes has an inverted head and shoulders pattern in play, however is at the 61.8% Fibonacci retracement level of the Dec 8 highs to Jan 14 lows.
Head and Shoulders
Oil | HnS Pattern Back to $68 SupportPrice action is currently retesting the neckline, would like to see more play towards $75, possibly a spike-out for sellers to get in higher like the last time
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The SMA is also offering dynamic resistance as we see further down pressure
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Target goal $68.
BTC due for a big red candle before it can go up to 200k?Self evident updated chart
Needs a big red candle to wipe out the bulls and get rid of the bears
Poss as deep as 73k most likely 76/77k to the neckline of the IH&S pattern.
Assuming the pattern is valid so as not to invalidate it.
EURUSD back at the 61.8% retracement Intraday Update: After bouncing aggressively after completing the head and shoulder on Sunday/Monday, the bounce back is stalling today at the 61.8% retracement of the Jan 27th high to Feb 2nd lows. Further gains will be on the heels of the incoming ADP and ISM data today, and if the data does not disappoint we could see a stronger move back towards the 1.0360 level.
Head and Shoulders pattern, price might go downAs we can see the price reached our Major key level and formed a H&S pattern, meaning we might experience sellers, but that's not enough confirmation to sell
If price breaks below the Major low then we can take that as a confirmation that sellers are taking over the market and we can expect selling pressure and we can place our entries
If it breaks above the MKL then we can expect buying pressure as this showed that the H&S pattern failed so buyers are taking over
BTC needs a plunge before it can move to >300kBullish long term chart
Bearish shorter term
Look at all the big red candles before a run happens. It clears out all the leveraged longs then lets the market go up.
Allows the bears to close out their positions so the market is free to advance
We have not had a big red weekly candle on the BTC for a long time so fasten your seat belt!
Nasty Head and Shoulder setup on Nasdaq 100 futureIf the current support line break it's going to be worse
Decent technical spot to enter a long on ELF cosmeticsLooks like a decent spot to go long here with a tight stop.
Enter $85
Stop Loss $74
TP1 $124
TP2 $169
Pros
RSI Oversold
Bollinger Band Oversold
Fibonacci Golden Pocket means good spot for reversal
200 week moving average can act as support
Cons
Tariffs
Large Head & Shoulders pattern with neckline broken
Unknowns
Earnings on Thursday 2/6
PYPL possible H&S patternIf stock fails retest of ~$89 mark, we could see the stock drop back to $85 and test support there. PYPL has already broken the trendline that started at $58 and reached as high as $94.
FETUSD H&SHead and Shoulders Formation
Fetch.ai (FET) against the US Dollar (USD) has formed a classic head and shoulders (H&S) pattern, which is one of the most reliable reversal patterns in technical analysis. The price has recently broken below the neckline, a critical support level, and is now expected to retest the broken support structure to confirm the pattern's validity. This development suggests a potential shift in market sentiment from bullish to bearish, and it’s worth exploring the implications of this pattern in greater detail.
1. Breakdown of the Head and Shoulders Pattern
The head and shoulders pattern is a bearish reversal formation that typically occurs at the end of an uptrend. It consists of three distinct peaks:
Left Shoulder: The price reaches a high, retraces, and forms a trough.
Head: The price rallies to a higher high, surpassing the left shoulder, and then retraces again.
Right Shoulder: The price forms a lower high, failing to reach the height of the head, and then breaks below the neckline, which is the support level connecting the troughs of the left shoulder and head.
The breakdown below the neckline confirms the pattern and signals a potential trend reversal. The price often retests the neckline from below before continuing its downward move, which is what we’re currently anticipating in FET/USD, my area of immediate target is 0.80000.
What do you think of this analysis?
H&S Breakdown and Retest in CASTROLINDNSE:CASTROLIND formed a slightly tilted H&S followed by breakdown and now retest seem to be in progress. Depending on how the day closes, this could be a nice shorting opportunity.
As per the size of head, target would be around 125. However, due to the left side tilt (which reflects lack of extreme weakness), it would be prudent to go with a smaller fall, if at all this materializes.
Doge is next moveForming head and shoulders in daily chart.. may go till 0.3 usdt ,then should go back to 0.14usdt.. let's see..
Avalanche Cryptocurrency 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
# Avalanche Cryptocurrency Quote
- Double Formation
* (Reversal Argument)) + (Inverted Head & Shoulders)
* (TL)) | 1 & (TL)) | 2 | Triangle Structure | Subdivision 1
- Triple Formation
* 1st Numbered Retracement | Downtrend | Subdivision 2
* 2nd Numbered Retracement | Bias Structure | Subdivision 3
* Daily Time Frame | Trend Settings Condition
Active Sessions On Relevant Range & Elemented Probabilities;
European Session(Upwards) - US-Session(Downwards) - Asian Session(Ranging)
Conclusion | Trade Plan Execution & Risk Management On Demand;
Overall Consensus | Neutral
DOLLAR INDEX (DXY): Does The Market OVERREACT?
It looks like Dollar Index is preparing for a retracement
after a very bullish market opening.
As a clear sign of strength of the sellers, I see
a head and shoulders pattern on an hourly
and a breakout of its neckline.
The market may drop at least to 108.6
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On its way to 78k?As I said in my last posted idea (Day scale), two steps down, one step up. I see another H&S formation and I would set my Stop Loss a bit higher above the right shoulder but when I wake up in the morning I expect to be well into profit with a SHORT. Just my opinion.
A neckline breakout can push price to previous lowsThe market created resistance at an old support zone
price has also broken out of our trendline, if price breaks out
of our neckline as well we may expect a push towards previous lows or a divergence to form.
Silver towards 24 (Possible 15% Correction)Head & Shoulder pattern break down in Silver,
It will have possible target of 27 / 25 / 24
XRPUSDT: Ellio analysisHello Friends. According to the chart we see the 4th wave of 5 and 1-2 of wave 5: so completed I expected continued to formed wave 3-4-5 of wave 5: , to reach 3.8 and 4 $
Head and shoulder on weeklyBank nifty is fighting for its life after breaking down from neck line in head and shoulder pattern
Budget is not going to help it much
ProPetro Holding Corp. 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
# Propetro Holding Corp. Stock Quote
- Double Formation
* 10.00 USD | Area Of Value
* (Continuation Argument)) | Subdivision 1
- Triple Formation
* 1st Retracement | Uptrend Bias & Entry | Subdivision 2
* 2nd Retracement | Numbered On Short Entry | Subdivision 3
* Daily Time Frame | Trend Settings Condition
Active Sessions On Relevant Range & Elemented Probabilities;
European Session(Upwards) - US-Session(Downwards) - Asian Session(Ranging)
Conclusion | Trade Plan Execution & Risk Management On Demand;
Overall Consensus | Sell
AUDUSD longAUDUSD is long as per VOLUME confirmation on Daily and liquidity Hunt.
Tp1 is 0.65385
Tp2 is 0.67500
Tp3 is 0.68744
