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Head and Shoulders

EU W Bearish Idea 3/17/24There is a chance that price could continue bullish from here, BUT I can NOT ignore the fact that there is a weekly head and shoulder possibly printing. Which will send price bearish for quite a bit. On top of that, price has not really broken this area of price since 2021. This is a key level of price for EU. There has been 4 bearish engulfing candles in this area on the monthly, plus if you FIB the last bearish swing on the monthly price is at the 50% area of that FIB. So I am setting alerts and watching price to see which way it wants to go.
Short
by cecedidit
2
MSFT - Head and shoulders is forming📈 Microsoft (MSFT) Stock Analysis Let's take a closer look at Microsoft's (MSFT) recent performance. The stock is currently trading at $416.79, showing a slight increase of +0.30%. We're seeing some interesting technical patterns forming: - Head & Shoulders Pattern: The chart shows a clear head and shoulders pattern, which could indicate a potential bearish reversal if the neckline is broken. - Fibonacci Retracement Levels: Key levels to watch include 0.236 at $407.82 and 0.382 at $370.78. The stock has reacted previously with these levels, indicating potential support areas. - Support Levels: Strong support is found around $325.45, which coincides with the 0.618 Fibonacci level. If Microsoft fails to stay above the neckline, we might see the stock test lower levels, potentially around $340 or even $325. Keep an eye on these key levels for any further movement.
NASDAQ:MSFTShort
by balighmehrez
2
Multi-year Trendline BreakoutNSE:LOVABLE has broken out from a multi-year downward sloping trendline. Structure looks like inverted H&S though I would avoid calling it as I prefer to go by strict technical definition of H&S which says inverted (or bullish) H&S should form after a decline since it's a trend reversal pattern. Decline is there but the whole decline is in form on H&S instead of H&S formed after a decline. Anyhow it's just a technicality and we can treat it as a breakout. Feel free to call it a trendline BO or H&S BO. As for target, technical target should be above 700 as per the height of structure. However, I would prefer to trade it with multiple smaller targets. I would look for 300 as the next major then will wait for price action to confirm if it would go further and target would be 400. Next would be 550 and then 700.
NSE:LOVABLELong
by YetAnotherTA
Inverted Head and Shoulder Pattern breakout in DALBHART🔍 Technical Analysis on DALBHARAT (1-Hour Timeframe): Pattern Formation: An Inverted Head and Shoulders pattern has recently formed and broken out on the 1-hour chart of DALBHARAT. This bullish reversal pattern is often a strong indicator of a potential upward movement, particularly after the breakout from the neckline. Breakout and Entry Point: The breakout occurred as the price crossed above the neckline, which was near the 1795 level. This breakout is a key signal for a potential long entry. Traders can consider going long above 1795, anticipating further upward movement. Projected Target: Based on the head height of the pattern, the projected target for this breakout is around 1865+. This target is derived by measuring the distance from the head (the lowest point) to the neckline and adding it to the breakout point. The 1865 level serves as the potential upside target, representing the full price move expected from this pattern. Stop Loss Consideration: To manage risk, a small stop loss can be placed at 1751, which is safely below the neckline and the recent low, allowing some room for market fluctuations without prematurely exiting the trade. Summary: Entry: Above 1795 Target: 1865+ Stop Loss: 1751 This trade setup aligns with the technical structure of the inverted head and shoulders pattern, offering a favorable risk-to-reward ratio for those looking to capitalize on the potential bullish momentum in DALBHARAT.
NSE:DALBHARATLong
by TradZoo
AUDNZD LONG Long short:D Market structure bullish on HTFs DW Entry at Daily and Weekly AOi Weekly Rejection at AOi Daily Rejection at AOi Daily EMA retest Head and Shoulder Pattern on the Daily, looking to take the retest of the neckline Previous Daily Structure point Around Psychological Level 1.09500 H4 Candlestick rejection Levels 7.1 Entry 90% REMEMBER : Trading is a Game Of Probability : Manage Your Risk : Be Patient : Every Moment Is Unique : Rinse, Wash, Repeat! : Christ is King
Long
by mobbie_zw
2
Natural Gas Looks Poised for a 7.65% SurgeAfter a 39% decline since June, natural gas prices seem to have bottomed out on August 5th. However, after the initial bounce, the price has been consolidating over the last 9 days, forming an inverse Head & Shoulders pattern. This pattern suggests that a breach of the $2.38 level could potentially lift the price by 7.65%, targeting the $2.57 level. This content is not directed to residents of the EU or UK. Any opinions, news, research, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. ThinkMarkets will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information
THINKMARKETS:NGASLong
by ThinkMarkets
BTC - Neutral bullish*This is not financial advice. It is crucial to conduct your own research and due diligence before making any investment decisions.* BTC is currently rejecting the $61K range, but it has successfully broken out of a major trendline and an inverted head and shoulders pattern. The 50-day exponential moving average (EMA) is positioned below, which could act as a support level. This support may provide an opportunity for BTC to retest the head and shoulders pattern before potentially continuing its bullish run.
Long
by EnmiloX
3