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Head and Shoulders

BTCUSD- Inverted Head and shoulder (Buy on dips)Chart pattern- Inverted Head and Shoulder Potential reversal zone- $52530. BTCUSD showed a minor jump of nearly $1000 from a minor bottom of $57477. It hit a high of $58777 and is currently trading at around $58506. According to the CME Fed watch tool, the probability of a 50 bpbs rate cut in Sep increased to 67% from 30% a week ago. Technicals- BTCUSD trades above the short-term moving average 34- EMA below 55 EMA and below the long-term moving average (200 EMA) in the 4-hour chart. Minor support- $57000. Any break below will take it to the next level at $55000/$52500/$50000/$46000. Bull case- Primary supply zone -$60800. Any break above confirms a intraday bullishness. A jump to $61800/$63000/$65000/$67000/$70000 is possible. Secondary barrier- $70000. A close above that barrier targets $750000/$80000. It is good to buy on dips around $57500-550 with SL around $52000 for TP of $70000.
COINBASE:BTCUSDLong
by FxWirePro
GOLD (XAUUSD): Time For Pullback A sudden breach of the previous record high sparked a significant uptrend in the price of Gold last week, pushing it to a crucial resistance level at 2600. Following a test of this level, the market began to consolidate and formed a head and shoulders pattern on the hourly chart. A break below the neckline of this pattern will be a strong bearish indicator, suggesting a potential retracement from the resistance. To short with confirmation, wait for a breakout of the neckline/support of the range. Targets for this retracement are set at 2569 and 2564.
TVC:GOLDShort
by linofx1
1
ANTICIPATING TRADES BY APPLYING TRADING STRETEGYAnalysis of NZDUSD Forex pair carried out on 12 Sep 2024 by applying following trade strategy:- 1. Bearish trend 2. Bullish Divergence 3. No continuation pattern 4. Inverse Head & Shoulder reversal pattern formed 5. Bullish Harmonics pattern AB=CD pattern formed and chart near point D, PRZ 6. Anticipated that chart will go bullish by making HHs & HLs 7. Initiated two trades on MT4 by marking buy stop ON break out of inverse H & S neckline and stop loss at HL
by akyzai71
HBAR BREAKOUT APPEARS IMMINENT! A major breakout appears to be imminent for HBAR! If you’ve seen the most recent HBAR chart I posted, you'll notice that HBAR is now at the very bottom of the handle in a 31-month Cup & Handle formation on the weekly and daily charts. Additionally, HBAR has formed and broken out of a very promising inverted head and shoulders pattern on the 1-hour, 2-hour, 3-hour, and 4-hour charts, and is currently retesting the neckline as I write this article. It is also near the bottom of the wedge pattern and very close to the previously established low range on the chart. I believe we are about to see a significant breakout in the next few days, which could lead to a period of notable price appreciation in the short term. With the Cup & Handle pattern I’ve identified, this trend could continue over the next year as well. Good luck, and always use a stop loss!
COINBASE:HBARUSDLong
by MetaShackle
Big CCD turnaround after new CEO moves HQ to London? September marked the start of experienced and proven Boris Bohrer-Bilowitzki as new CEO for Concordium. He immediately announced major plans and started by moving the HQ to London. The company is gaining momentum in the current AI trend. Concordium positions itself at the heart of AI innovation and digital twin creation. Concordium's Web3ID emerges as a pivotal tool for AI companies, with accountability and transparency at its core. It is packed with ideas and partnerships with institutions and companies in the pipeline. So. Could the current double bottom mark the start of an (explosive) upward trend (like the IH&S)? The R&R makes me pay attention here!
Long
by JS_Rocket
1
IMNM - 5 months HEAD & SHOULDERS══════════════════════════════ Since 2014, my markets approach is to spot trading opportunities based solely on the development of CLASSICAL CHART PATTERNS 🤝Let’s learn and grow together 🤝 ══════════════════════════════ Hello Traders ✌ After a careful consideration I came to the conclusion that: - it is crucial to be quick in alerting you with all the opportunities I spot and often I don't post a good pattern because I don't have the opportunity to write down a proper didactical comment; - since my parameters to identify a Classical Pattern and its scenario are very well defined, many of my comments were and would be redundant; - the information that I think is important is very simple and can easily be understood just by looking at charts; For these reasons and hoping to give you a better help, I decided to write comments only when something very specific or interesting shows up, otherwise all the information is shown on the chart. Thank you all for your support 🔎🔎🔎 ALWAYS REMEMBER "A pattern IS NOT a Pattern until the breakout is completed. Before that moment it is just a bunch of colorful candlesticks on a chart of your watchlist" ═════════════════════════════ ⚠ DISCLAIMER ⚠ Breakout Area, Target, Levels, each line drawn on this chart and any other content represent just The Art Of Charting’s personal opinion and it is posted purely for educational purposes. Therefore it must not be taken as a direct or indirect investing recommendations or advices. Entry Point, Initial Stop Loss and Targets depend on your personal and unique Trading Plan Tactics and Money Management rules, Any action taken upon these information is at your own risk. ═════════════════════════════
NASDAQ:IMNMLong
by TheArtOfCharting
DOGS Analysis==>>Inverse Head and Shoulders PatternsOne of the tokens that has been trending for the past few days is the DOGS token . Did you participate in the DOGS Telegram project or not? Do you still have your tokens or have you sold them? The DOGS token is moving near the Support zone . Regarding classic technical analysis , it looks like DOGS is forming an Inverse Head and Shoulders Pattern . Also, Regular Divergence(RD+) can be seen between the two shoulders of the Inverse Head and Shoulders Pattern . I expect DOGS to rise to at least the Resistance zone again after breaking the Resistance lines . And if this zone breaks, we can expect DOGS to increase to at least $0.00129 . DOGS Analyze (DOGSUSDT), 1-hour time frame⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Long
by pejman_zwin
11
SMH - Flerting with 200MA and H&S The chart has formed a Head & Shoulders pattern following a double top, which needs to be invalidated to avoid further downside pressure. That’s what the bulls are attempting to achieve, but the question remains: will they succeed? Additionally, we are frequently testing the 200MA, a key long-term support level. From a macroeconomic perspective, a recession seems likely, and in such a scenario, maintaining bullish momentum would be difficult. In my view, we’ve now entered the bearish phase of the market, even for semiconductors.
NASDAQ:SMHShort
by PedroNegreiros
AU Bears "Head" Down to Target .6570Here I have AUD/USD on the Daily Chart! From Friday's High @ .67672 to its Low @ .66597, we can see we get the Confirmation of a strong reversal pattern with the Break of the Neckline of the Head & Shoulders! Now what I'd like to see off the same High and Low of Friday is Price give us a 38.2% Retracement of the Low & Pullback to test the Neckline for potential Sell Entries. ( .67008 - .6697 ) Swing High of Head to Neckline = 126.9 Pips Neckline - 126.9 = .6570 (Target) Fundamentals: AUD's undoing comes from a mix of a rise in Unemployment to 4.2% and Retail Sales ending August coming in @ 0% With the horrible run of jobs reports for the USD to start September, it managed to recover to end the week and give the idea that a 50 bps Rate Cut is less likely sitting at a 30% change and a 25 bps Rate Cut more likely at a 70% chance at the Sept 18th meeting. -RBA Interest Rate sits @ 4.35% -Fed Interest Rate sits @ 5.5% This upcoming week will be VERY news heavy for USD seeing as there is: -Core CPI, CPI m & y on Wednesday, Sept. 11th -Core PPI/ PPI m/m & Unemployment Claims on Thursday, Sept 12th!
Short
by Novi_Fibonacci
AUDUSD ShortsMarket structure bearish on HTFs Entry at Weekly and Daily AOi Weekly Rejection at AOi Daily Rejection At AOi Daily Gave a beautiful Head and should pattern, looking to take advantage of the retest of the Neckline Previous Daily Structure Point Around Psychological Level 0.67000 H4 Candlestick rejection Levels 5.64 Entry 85% REMEMBER : Trading is a Game Of Probability : Manage Your Risk : Be Patient : Every Moment Is Unique : Rinse, Wash, Repeat! : Christ is King
Short
by mobbie_zw
2
Negative signals on Microsoft as AI plumet on the wayWe identify a negative shoulder-head-shoulder formation which at it's end touches the 200 day line, all ahead of today's news that the chip maker's market is plumeting. Additional put/sell signals are triggered when the trend lines confirm or the price won't come back over 200D. Microsoft is renown for its involvement in AI products, especially in OpenAI. The demand for chips halted when NVIDIA recently postponed the release of Blackwell, the next generation of AI-propelling chips. Data centers equipping for future demands on AI business withhold investments as they won't run with the current generation of chips for the short period of time until Blackwell is launching, but with the latest generation and cutting-edge technology for the maximum time possible. Meanwhile the think tank and advisor to U.S. Military and Government, RAND Corporation , surveyed why AI projects in the industry fail: Miscommunication or misunderstanding what problems need to be solved using AI, following a false perception of what AI can actually do - beginning with the impression the term "AI" makes to non-tech persons. Organizations lack the necessary data to adequately train effective AI models. The necessary amount of data might never be acquired due to diverse obstacles on collecting them. Organizations focus more on using the latest and greatest technology than on solving real problems for their intended users. Therefore, the circle of problems where AI solutions are applicable, might not be as big as initially thought. This is what happened to the blockchain. Organizations might not have adequate infrastructure to manage their data and deploy completed AI models, which increases the likelihood of project failure. Infrastructure for serious AI is exhaustive and needs up to 300-times bigger databases and hardware equipment than for regular software services. Then again, you have to feed it all with the required amount of data, of which, as pointed out earlier, is not enough there. AI projects fail because the technology is applied to problems that are too difficult for AI to solve. This is a general problem on the current generation of AI, as it lacks the required spark of creativity to originate ideas which are not based on patterns earlier learned. In other terms, generative, LLM-based AI, which is the current generation, would never be able to be a pioneer in anything, because it remixes mash-ups from earlier experience, at best! The current dips of chip makers, combined with the problems of sourcing sufficient data and industry becoming more and more disenchanted with AI, might trigger another tech bubble burst, which, if it happens, would be imminent right now.
NASDAQ:MSFTShort
by Johnny_TV