WEN ALTSEASON?Let's start with #BTC.D
Short time frame
potential double top
with a head & shoulders on the RSI
Log tgt provided if this were to trigger and start breaking down.
Head and Shoulders
TESLA head & shoulder formation on daily chartNASDAQ:TSLA
A head & shoulder pattern is starting to fill out the right shoulder on the daily chart. MEGA
(Make Elon Great Again)
granules positional tradeGranules - A positional trade with RR approx 1:4,
Rising relative strength, inverse head and shoulder pattern with no resistance on left side as the cmp is high of more than 2 years and above fib retracement of 61.8%.
Breakout with good volume.
Volume decreasing during formation of base.
MSFT - Reversal of upward trend and Head&Shoulder patternReversal of upward trend and Head&Shoulder pattern. Both indicates a short term downfall to around $380 or below.
GBPUSD: Price Action Based ShortThe 📉GBPUSD has formed a head and shoulders pattern, indicating a potential reversal after a significant uptrend.
The price breaking below the neckline suggests the market has reached its peak, and a corrective downturn is likely to follow.
I anticipate a pullback to at least 1.3121, with a possible extension to 1.3080.
CAD/JPY H1 Short the "Head & Shoulders"Sell Entry @ 106.591
S/L @ 107.894
T/P1 @ 105.256
T/P2 @ 103.956
R.R.R. @ 1/2
H&S formation is completed and the breakout of dynamic trendline has occur.
Lets sit on our hands and wait !!!
XEC sell/short setupWe have a bearish QM on the chart.
The price is approaching a valuable range. We have the overlap of the qm level with a strong OB.
We are looking for sell/short positions in the red range.
Closing a daily candle above the invalidation level will violate the analysis.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
BNB Ready to Soar: Is A 24% Take-off Ahead?It might be early days, and the levels might not be perfect, but it appears that Binance Coin is forming an inverse head and shoulders pattern. Other coins, like Super and Phantom, are creating similar horizontal patterns, which typically provide better trade opportunities than breaches trend lines or moving averages. In addition, as we move into the fall in the Northern Hemisphere, we can expect trending markets to resume. It may take a few days to weeks for the right shoulders to form, but if a breakout occurs with the price breaking above $603, it could reach as high as $747, based on the current pattern.
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PDD Noteworthy Swing Support Levels, and a word of cautionLooking at NASDAQ:PDD after its earnings fallout, here are some interesting support levels to watch.
The 0.618 Fibonacci retrace from the March 2022 pivot low to the May pivot high is at $77.25.
Additionally, while Head and Shoulder patterns are not the most reliable, there is a level around $75 obtained from the decently shaped H&S price measurement dropped down from the neckline (white dotted line). Once more, there is a major Gann support level (720 degrees down from the May high pivot) at $78.02, adding another strong factor to this probability window.
Another point of interest; dropping the H&S price measurement from the pre-earnings close is almost exactly at today's close (see yellow dotted line). Also piercing the $90.28 gap window, with the gap fill at $80.76 (August 2023).
Now, depending on the desired length of a swing trade, it is worth noting comparable earnings drawdowns that did not rebound the same or following day:
ROKU (February 2024) NASDAQ:ROKU
Just now retracing six months later.
PTON (November 2021) NASDAQ:PTON
Not yet recovered, if ever.
NFLX NASDAQ:NFLX
The positive: January 2022 fall on earnings saw a four day down period before a quick partial recovery.
The long wait: April 2022 fall on earnings took about six months before retracing to similar levels.
Not financial advice.
GBP/Nzd Short D1Sell Entry @ 2.11452
S/L @ 2.19057
T/P1 @ 2.08220
T/P2 @ 2.03707
R.R.R. @ 1/1
Pure Price Action analysis based on Breakout of target level and Chart pattern.
EURGBP: Oversold Market & Pullback 🇪🇺🇬🇧
EURGBP looks too oversold after a strong bearish rally.
The price found support around 0.891 level.
Analyzing 30 minutes time frame, I see a clear sign of strength of the buyers
- an inverted head and shoulders pattern formation and a bullish breakout of its neckline.
We can expect growth now at least to 0.844
❤️Please, support my work with like, thank you!❤️
Short term dotusdt my view is upside BINANCE:DOTUSDT forming head and shoulder pattern we can expect upto $7 as short term tgt
@jaypee2316 insta id follow for more
EUR/NZD Sell D1 Sell Limit Entry @ 1.80378
S/L @ 1.86537
T/P1 @ 1.74200
T/P2 @ --------
R.R.R. @ 1/1
Pure Price Action Trading based on Pullback of Key Levels.
NATGAS - Head and Shoulders Hello Traders !
On Monday 12 August, The NATGAS reached the resistance level (2.213 - 2.250) and failed to break it !
The price formed a head and shoulders pattern.
Currently, The neckline is broken !
So, I expect a bearish move 📉
____________
TARGET: 1.974🎯
4HR Inverse H&S Weekly - 3 weeks ago made a very large liquidity wick followed by a bullish
Bullish Engulfing candle. This is a good indication that price is changing
direction and will push to the upside.
Daily - Bullish M on the daily Price came back to my daily zone correctly which is a sign that
Bearish momentum is slowing down.
4HR - Inverse Head and Shoulder on the 4HR, I have placed my limit
Dollar Index (DXY): Time to Recover?!
Dollar Index reached a significant daily horizontal structure support.
Its test made a bearish rally stop.
The market formed an inverted head and shoulders pattern on an hourly time frame
and just broke its neckline, leaving a clear bullish clue.
The price may bounce at least to 100.89
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Gold : will be bullish this week
OANDA:XAUUSD Gold will be bullish until the uptrend line is broken on the higher time-frame
We have now entered a buy position due to the breakout of the neckline of the reverse head and shoulders pattern
We also placed a buy limit order in the Pull-Back (1% of the trading account).
We hope everyone has a good week
Trading Setup:
Gold XAUUSD 1h
⬆️ Buy Now or buy on 2507.9
⭕️SL @ 2489.8
🔵TP1 @ 2550.8
🔵TP2 @ 2600.0
🔵TP3 @ 2649.0
What are these signals based on?
Classical Technical Analysis
Price Action Candlesticks Fibonacci
RSI, Moving Average , Ichimoku , Bollinger Bands
Risk Warning
Trading Forex, CFDs, Crypto, Futures, and Stocks involve a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results.
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TSLA - Inverse Head and Shoulders on Weekly Chart.NASDAQ:TSLA Tesla looks ready to finally break its falling trend. On the weekly chart, I see an inverse head and shoulders pattern form completed. If it manages to break the trend and stays above it for a few days or a week, I expect a strong upward movement from the volume shelf launch pad ramp. However, in a possible correction, my first target will be back to the $200 level.
GBPNZD Head and shouldersOn this trade we have a clear head and shoulders but the reason for publishing this trade is that i think EUR and GBP will drop.
The neckline of this head and shoulders is slightly skewed is more like a trendline and I don't like trendlines as they are not reliable so I will the blue horizontal level for my breakouts to avoid fadeouts.
I will be aiming for a fixed 2.5R but will consider taking profits at 2R
Head and shoulders EURAUD Sell!?!?Hello traders!!
We have a well defined head and shoulders here!!
We went and retested the SL zone although I would have liked to see the market take out the stop losses on the right shoulder it didn't that is why I'm going to have a late entry on this one.
Aiming for a fixed 2.5R
