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Head and Shoulders

Novo Nordisk could be dropping 15% from hereLooking at Novo Nordisk and the fundamental I have a hard time thinking Novo would drop further at this point. However the technical setup indicates that if we don't hold the current level we could drop more than 15% from here. - The head and shoulder is complete now we just need to see if we can get a follow through. - Closing price Friday was below the 200 daily moving average. The recent price drop is caused by a dissapoint in early trial results of their pill Monlunabant.
OMXCOP:NOVO_BShort
by madsroland
Weekly Forecast - Multiple Scenario's On The Cards, Be Patient1. DXY - NEUTRAL 2. EURUSD - LONG 3. GBPJPY - NEUTRAL 4. USDJPY - NEUTRAL As you can see, multiple pairs have a neutral bias for me going into the week so I'll be paying close attention to how the lower time frames shape up they'll give the first indication of which side of the market we'll see sponsorship in. This means I'll be exercising patience going into the week and waiting for further development from price as capital preservation should be front of mind when setups aren't crystal clear. Let me know your thoughts in the comments below, are you seeing anything different?
by The_Modern_Day_Trader
Is FETUSDT About to Explode? Don’t Miss This Critical Setup!Yello Paradisers! Are you keeping an eye on #FETUSDT? If not, you might be missing out on a strong breakout opportunity that’s unfolding right now! 💎#FETUSDT has been a standout performer lately, and the action on the chart is getting even more interesting. After trading within a descending resistance, we recently saw a breakout followed by a successful retest of that same level. This is a strong bullish probability. 💎Even more exciting, FETUSDT is forming an inverse head and shoulders pattern, with the right shoulder perfectly aligning with the trend-line retest. This pattern is a classic bullish reversal formation, and it often leads to a significant price surge when confirmed. 💎The pair is currently sitting on a key support-resistance level and is respecting it well. With some buying volume spotted, we expect FETUSDT to move toward the minor resistance zone at 1.347.If momentum picks up, the next target could be 1.485, with a potential push to the major resistance at 1.677. 💎However, be cautious. The pattern will invalidate if the right shoulder breaks down, with a candle close below 1.016. This would signal a change in market sentiment, so stay vigilant! Remember, Paradisers, patience and discipline are key here. Waiting for the highest probability setups like this one is what separates successful traders from the rest. Play it smart and keep your eyes on these crucial levels! MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Jack
8
#CRO/USDT 1W (Bybit) inverted Head & Shoulders breakout & retestCronos is pulling back to iHnS neckline support where 20EMA seems to be holding, looks like a great swing opportunity on weekly. ⚡️⚡️ #CRO/USDT ⚡️⚡️ Exchanges: ByBit USDT Signal Type: Regular (Long) Leverage: Isolated (1.0X) Amount: 4.8% Current Price: 0.12591 Entry Targets: 1) 0.11822 Take-Profit Targets: 1) 0.26475 Stop Targets: 1) 0.0693 Published By: @Zblaba CRYPTOCAP:CRO #CROUSDT #Cronos #PoS crypto.com Risk/Reward= 1:3.0 Expected Profit= +123.9% Possible Loss= -41.4% Estimated Gaintime= 3-6 months
Long
by TradingOn
Inverse Head & Shoulders Pattern Signals Bullish Breakout Ahead!Current Price: 141.683 Currency Pair: USDJPY Time Frame : 1H This USD/JPY 1-hour chart shows a clear Inverse Head and Shoulders pattern, indicating a potential bullish reversal. The neckline at 141.014 has been broken, and price is now in a retest zone. A successful bounce from this area could drive the price toward the next target at 143.724, aligning with key resistance. The RSI at 58.75 suggests room for further upward movement without being overbought. However, if the retest fails, it could be due to a weak bullish momentum or increased selling pressure, pushing the price below the neckline and invalidating the reversal. In this case, the next significant support level is at 139.675. Despite this risk, the bullish scenario remains more likely.
by SpicyPips
3
Inverse Head and Shoulders ?The inverse head and shoulders pattern is a widely recognized bullish reversal pattern in technical analysis. For ADA/USDT on the chart, this pattern could indicate a potential trend reversal from a downtrend to an uptrend. The pattern typically consists of three troughs, with the middle one (the head) being the lowest, and the two others (the shoulders) at a similar height. If ADA/USDT forms this pattern, a breakout above the neckline—drawn through the peaks of the two shoulders—would increase the probability of a bullish move. Traders often wait for a confirmed breakout with significant volume to gauge the strength of the reversal, with the pattern's target price typically being the distance from the head to the neckline projected upwards from the breakout point. However, external market factors and overall cryptocurrency sentiment should also be considered before concluding the likelihood of a strong upward move.
Long
by afktraders
1
The "Head and Shoulders": Real success rates.Inverted Head and Shoulders: WATCH volumes when the neckline breaks!! Here is what we can say about the success rate of the inverted head and shoulders pattern in trading: -The inverted head and shoulders pattern is considered one of the most reliable chart patterns to anticipate a bullish reversal. -According to some sources, the success rate of this pattern would be very high, with around 98% of cases resulting in a bullish exit. -More precisely, in 63% of cases, the price would reach the price target calculated from the pattern when the neckline is broken. -A pull-back (return to the neckline after the break) would occur in 45% of cases. -However, it should be noted that these very optimistic figures must be qualified. Other sources indicate more modest success rates, around 60%. -The reliability of the pattern depends on several factors such as respect for proportions, neckline breakout, volumes, etc. A rigorous analysis is necessary. -It is recommended to use this pattern in addition to other indicators and analyses, rather than relying on it blindly. In conclusion, although the inverse head and shoulders pattern is considered a very reliable pattern, its actual success rate is probably closer to 60-70% than the 98% sometimes claimed. It remains a useful tool but must be used with caution and in addition to other analyses. __________________________________________________________________ Head and Shoulders: Here is what we can say about the success rate of the head and shoulders pattern in trading: -The head and shoulders pattern is considered one of the most reliable chart patterns, but its exact success rate is debated among technical analysts. Here are the key takeaways: - Some sources claim very high success rates, up to 93% or 96%. However, these figures are likely exaggerated and do not reflect the reality of trading. - In reality, the success rate is likely more modest. One cited study indicates that the price target is reached in about 60% of cases for a classic head and shoulders pattern. - It is important to note that the head and shoulders pattern is not an infallible pattern. Its presence alone is not enough to guarantee a trend reversal. - The reliability of the pattern depends on several factors such as respect for proportions, the breakout of the neckline, volumes, etc. Rigorous analysis is necessary. - Many experienced traders recommend using this pattern in addition to other indicators and analyses, rather than relying on it blindly. In conclusion, while the head and shoulders pattern is considered a reliable pattern, its actual success rate is probably closer to 60% than the 90%+ sometimes claimed. It remains a useful tool but should be used with caution and in conjunction with other analyses. _____________________________________________________________________________ NB: In comparison, the classic (bearish) head and shoulders pattern would have a slightly lower success rate, with around 60% of cases where the price target is reached.
BITSTAMP:BTCUSDEducation
by Le-Loup-de-Zurich
1
The importance of waiting for patterns to confirmGood morning, I am monitoring the AVAX ecosystem and was paying close attention to JOE. When I checked the USDT pair I could notice a possible falling wedge forming: Then, I checked the BTC pair, and I found a possible inverse head and shoulders: So far we have not confirmed any pattern, and the pum that the AVAX ecosystem experienced, is fading, so what I get from here is the importance of confirming patterns. Even if they are right eventually, your funds would be stuck in there, and you would miss other great oportunities.
by JeSuns-
2
Head & ShouldersHello traders this is my head and shoulders back test I usually back test my strategies every 3-6 months because they usually change and I often adjust them. This back test is based on Major pairs only from 2023-2024 For my head and shoulders strategy to be effective I will be implementing a few rules: For TP Hit I will measure if the head and shoulders went as far as the height from the right shoulder to the neck. I will not be including trades such as these .where the breakout was due to high impact news. I will only be taking head and shoulders with a horizontal neckline only I will be focusing on 1h tf The ones I wouldn’t take in real trading: Here are some of the trades that I wouldn’t take in my real trading, some of these trades have a tilted neckline while some have a wrong shoulder to head ratio. Fake out: TP hit: SL HIT: Conclusion: Head and shoulders when paired with trend lines: When I paired my head and shoulder with trend line breakout it has proven to be very powerful. Ranging markets: This strategy is a reversal strategy so it doesn’t work well when we have ranging markets even the head and shoulders indicator is having trouble identifying head and shoulders. The strategy does not perform well in NZDUSD Because it ranges quite a lot which indicates that this strategy can not be used on weak forex pairs such as EURGBP. The minimum number of trades considered to be a good back test can be 100 to 200 trades my back test is way below the recommended mark. There are certain key points to note: I used data from 2023 to 2024 only I back tested only Major forex pairs I used only Head and shoulders that broke not the ones that failed to even breakout eg: approximate win rate 58%
by Linkhive001