SILVER (XAGUSD):Bearish Correction is ImminentI spotted a classic bearish setup on 📉SILVER: the price formed a head and shoulders pattern first.
Then, the price violated a rising trend line and a neckline to the downside.
Now we see a retest.
I will look for shorting from there, anticipating a bearish correctional movement at least to 31.32 support, then 31.06 level.
Head and Shoulders
Tesla on the Way to new all time High ............ (!)NASDAQ:TSLA
Tesla bounced of 200 at upper line of Blue Megaphone pattern und ist now in the most important Elliott Wave:
(3) of iii of 3 - THE MOST IMPORTAMT WAVE NOW - Almost nothing can stop now Tesla from Doing a NEW ALLTIME HIGH later ...!
Especially when we go above green line, which is NECKLINE of INVERSE HEAD&SHOULDER ...... which points to 25% HIGHER THAN OLD ALL TIME HIGH!
When I look at all this, I must assume that coming Robotaxi Event in LA at 10/10/24 will bring a lot of news, which gives Tesla another boooooooost higher !???!
Quant price action currently above inverse h&s necklinePrice action is currently above the inverse head and shoulder neckline and has closed a couple candles above it on the daily timeframe. Often times price action will dip back below the neckline after this initial break above it so that is certainly possible here, however if it does validate the breakout without first dipping back below the neckline again here, I have placed the emasured move target price at the top of this dotted pink line. *not financial advice*
head and schoulders TONwe see on larger timeframe a clear head and schoulder pattern. it just came back up to the golden pocket (618 fib ) from the last drop. above at the 786 fib is a FVG. doesnt mean that it will be filled but its possible. TON could drop heavily the nex couple of days/weeks. please leave a comment. i like some feeback.
happy trading and as always .. CHEERS!!
USDJPY - Ahead of BOJ Interest Rate DecisionFrom a technical perspective, USDJPY us under the formation of a Inverted Head and Shoulders pattern.
However it needs to align with the fundamental perspectives as well.
If the BOJ does not increase rates, we may see the Inverted Head and Shoulders pattern push the price aggressively from its current position.
Neckline - Near 143.5 level
Head and Shoulder Pattern Target - Near 147 levels
USDCAD: Day Trading Setup for Today 🇺🇸🇨🇦
USDCAD is currently consolidating within a horizontal intraday range.
After a test of the resistance of the channel, the price may drop
all the way down to its support.
As a confirmation, I see a head and shoulders pattern formation.
Target - 1.3466
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Premium Analysis (BTC against GOLD)An inverse H&S has been formed and retested in the neckline, so I spect a good upside momentum these days (at least until H&S projection reaches its objective), which is in line with market sentiment right now.
But remember, we can't say we are bullish until we make a clear break of 70k USD.
GOLD --- When Breakout? $2700 Target remains in place. The war against sound money...
keeping a "lid" on the price of the worlds biggest asset
and truly the only real collateral in the world.
Is being slowly lost.
We have a continuation head and shoulders that many people are watching.
But something to note
Is that the previous times #Gold has traded above 2 thousand dollars
The smackdown has been quick and violent.
If you noice in the past few weeks,
the compression of price ,
and the consecutive number of weekly closes above 2k.
Is the most it has ever been.
Are the Bankers ready to let it run...
since they seem to be pumping up all assets prices for the 2024 election.
I think the ramp up to 2.7k could be quite violent... do we get there by summer?
NZDUSD: Bullish Movement Confirmed?! 🇳🇿🇺🇸
I see a nice potential trend-following movement on NZDUSD.
The pair is trading in a strong bullish trend and has recently retraced
to a key horizontal structure support.
An inverted head and shoulders formation and a violation of its neckline
is a strong bullish signal.
We can expect growth at least to 0.6306
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Potential inverse h&s on TRBUSD to keep an eye onThe right shoulder hasn’t completed yet so there’s always a chance this doesn’t play out. Especially if any unforeseen black swans are looming in the near future. However, considering Q4 should likely be bullish at this phase of the market cycle, there’s also a good probability of this pattern playing out so I’m posting a chart of it here so I can easily keep tabs on it later. *not financial advice*
Long Setup fot APT (Aptos)There is a reversed head and shoulder pattern in APT daily chart.
APT has gained it's momentum back recently. Like Fantom and many others have also created their formations to get back up where they were weeks ago.
Currently in 1 hour time frame there is a flag pattern created.
I don't think there will be any better place to take long but here.
Good luck.
ABCapital Near its ATHOn monthly charts, stock has created inverted head and Shoulder pattern. Stock is consolidating near multiyear resistance and its all-time-high. short term target can be 260. If it sustains above 265, stock can show massive rally towards 450-500. But it will take time. Still, its good entry point if you can hold it for next 3 years.
Disclaimer : this is not stock suggestion. ideas are for educational purpose only.
Set Up for BNB (BinanceCoin)There is a reversed head and shoulders pattern in BNB at the very key point.
Breaking above this struckter will cause BNB to claim daily Orderblock left many days ago.
I left an example position for long entry.
I actually don't recommend a stoploss before closing daily candle below the stoploss level I created but it's your decition.
There is also a short term target for BNB if you are a scalper which is 617 currently the liqudation area.
Good luck.
EURCHF: Classic Bearish PatternsI spotted two bearish price action patterns on the 📉EURCHF chart.
The price on a 4-hour time frame has broken and closed below the support line of a rising wedge pattern.
On a 1-hour time frame, the market has breached the neckline of a head and shoulders pattern.
I believe that the pair is likely to continue declining, with the next resistance level being at 0.9382.
FETCH AI - Bullish Pattern : Inverse H&SThere's a few reasons to be bullish on FETCH right now:
👉 Bullish pattern in the daily timeframe; inverse Head and Shoulders
👉 Daily TF price is trading ABOVE 200 day moving averages - bullish technical indicator
👉 Support zone retested and held
👉 Great pick for TOP AI Coins 2024
I'd be watching the Fibonacci zones as potential targets for the next impulse wave up, given BTC will likely lead us there.
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BINANCE:FETUSDT