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Head and Shoulders

UPS looking DOWNSNice head and Shoulders on the United Parcel Service #UPS and FEDEX are the new dow transport indicator. An underlying determinant of how the consumer is faring Since the US is a consumer economy and Online shopping is the majority of retail if we see new highs on the Indicies, and the home delivery carriers continue to deteriorate it would give your non confirmation Top Similar to Dow theory of new High's in the Industrials , but the transports lagging and indeed falling.
NYSE:UPSShort
by BallaJi
12
Alikze »» AVAX | Head and shoulders pattern🔍 Technical analysis: Head and shoulders pattern - It is moving in a downward channel in weekly and daily time. - In the previous post , it was mentioned that if the supply zone fails, it can touch the next zones, which after retesting the zone, failed to break the red box and formed a corrective structure. - According to the current corrective structure, a head and shoulders pattern is formed. - Also, due to the failure of the neck line, any return can be a pole back to the broken structure. - So the break of the $25 area will also lead to the break of the channel and it can have a triple correction with Fibo targets of 100 - then $12.5 and Fibo of 1.618. 💎 Alternate scenario: If the $25 zone is maintained and the supply zone fails, it can retest the next zone. »»»«««»»»«««»»»««« Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support. Best Regards,❤️ Alikze. »»»«««»»»«««»»»««« BINANCE:AVAXUSDT
Short
by alikze
Gold XAUUSD Head and Shoulder& Bullish Expending TriangleGold Market Breakout Gold has broken out above the key resistance level of $2374, suggesting a potential continuation of the uptrend. This breakout is accompanied by a complex technical pattern, consisting of an inverse head and shoulders pattern and a bullish expanding triangle. Inverse Head and Shoulders Pattern: Left shoulder: Formed around $2366, with a trough at $2382 Head: Formed around $2353 with a trough at $2363 Right shoulder: Formed around $2365, with a trough at $2374 Neckline: Connecting the highs of $2377 and $2374 Bullish Expanding Triangle: Expanding boundaries: The distance between the highs and lows is increasing, indicating a potential breakout Breakout: Gold has broken out above the $2374 resistance level, suggesting a potential continuation of the uptrend. The breakout is accompanied by increased volume and momentum, confirming the strength of the move. Interpretation: The combination of the inverse head and shoulders pattern and the bullish expanding triangle suggests a high likelihood of a continued uptrend. The breakout above $2374 resistance adds further confirmation to this outlook. Trading Strategy: Buy signal: The breakout above $2374 confirms the buy signal. Stop-loss: Set a stop-loss below the neckline, around $2355. Target: Set a target based on the height of the inverse head and shoulders pattern, projected from the breakout point, potentially targeting $2400 or higher. Risk Management: Set a stop-loss to limit potential losses if the breakout fails. Adjust position size based on market volatility and risk tolerance. Consider scaling out of the position as the target approaches to lock in profits.
OANDA:XAUUSDLong
by Pipsview_Analysis
1
BONKUSDT Potential Head and Shoulders PatternIn the 4-hour BONKUSDT chart, there is a clear potential for a Head and Shoulders pattern. BONKUSDT has bounced off the support line at 0.000026083 and is showing an upward movement. If it retraces from the 0.000029495 levels, it could lead to the formation of a Head and Shoulders pattern. In this scenario, a decline towards the area within the purple rectangle could be anticipated. In the event of a more severe decline, it is possible that the price could fall to the turquoise rectangle, which is outlined with a purple border. Alternative Scenario: If BONKUSDT breaks through the 0.000029945 levels with significant volume, an increase up to the orange rectangle could be expected, and subsequently, it could move towards the red box. If the price rises to the range of 0.000032385 - 0.000033910, the Head and Shoulders pattern will be invalidated. Attention: Given the high dominance of BTC, caution is advised, and BTCUSD should be closely monitored.
Short
by LyricBridge5207
Potential Head and ShouldersIn the 4-hour chart, an emerging but not yet fully confirmed Head and Shoulders pattern is distinctly visible. This technical pattern is often used by traders to predict potential reversals in the market. For the OKX chart, a critical level to watch is 63,480. If the price drops below this level, it could signify a bearish trend, potentially bringing us down to the 55,000 levels. Left Shoulder: Formed at the 66,000 level Head: Reached the peak at approximately 68500 Right Shoulder: Currently awaiting formation The price has touched all the key support points, indicating a potential upward move to form the right shoulder. BTC is currently rising towards this level, suggesting a critical juncture in the pattern development. This movement is crucial because it will determine whether the pattern completes or if another scenario plays out. Alternative Scenario: If Bitcoin manages to break the right shoulder with high volume on the given chart, it could invalidate the Head and Shoulders pattern. A high-volume breakout above the right shoulder would be a strong bullish signal, potentially resulting in a significant upward movement. In this case, we could see BTC rise to the 72,000 level. This analysis suggests that traders should closely monitor the following: 63,480 Support Level: A drop below this level could indicate a bearish trend towards 55,000. Formation of the Right Shoulder: Watch for the completion of the right shoulder around the current levels. Volume Analysis: High trading volume accompanying a breakout above the right shoulder would suggest a strong bullish trend, potentially leading to the 72,000 level. Given these factors, the current market conditions present a pivotal moment for BTC. Traders should be prepared for both scenarios, adjusting their strategies accordingly to manage risks and capitalize on potential opportunities. In summary, the Head and Shoulders pattern in the 4-hour chart provides a critical framework for anticipating BTC's next moves. Whether BTC confirms the pattern by breaking below 63,480 or invalidates it with a high-volume surge above the right shoulder will be key in determining the market direction in the near term.
Short
by LyricBridge5207
2
Gold is Ready to Dump again!!!Gold started to increase from the Support zone($2,398-$2,376) with the help of the Inverse Head and Shoulders pattern and is moving now near the Resistance zone($2,451-$2,426) and inside the ascending channel . I expect Gold to take a downward trend again in the coming hours and at least go down to the Targets I specified on the chart. Gold Analyze ( XAUUSD ), 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; 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.
OANDA:XAUUSDShort
by pejman_zwin
12
MU: A Dangerous Bearish Reversal Structure! (D&W charts)The chart for MU displays a significant head and shoulders pattern on the daily timeframe, a classic technical formation that often precedes a reversal. The left shoulder formed in mid-May, followed by a peak to create the head in mid-June, and the right shoulder developed by early July. This pattern suggests a potential reversal in the prevailing uptrend. The neckline support, around 121.01, is a critical level to watch. A break below this level, as observed, typically confirms the completion of the head and shoulders pattern, indicating a possible shift in market sentiment. On the weekly chart, MU shows a broader perspective of its price movements, highlighting the importance of the 21-week EMA, which coincides with the neckline seen on the daily chart, making the $120 a double support area. However, the recent price action suggests a test of this support. If the price sustains below this level, it could signify a more extended correction or potential trend change. If MU misses this support level, then it could seek the next support, which is around 105.72. Therefore, if we were to see a bullish reaction, the timing is perfect. For now, there isn’t any bottom signal here. Overall, the interaction between these patterns and key support levels suggests that MU is at a pivotal point. The completion of the head and shoulders pattern on the daily chart aligns with the test of the 21-week EMA on the weekly chart, emphasizing the importance of these levels in determining the next phase of MU's price action. For more detailed technical analyses and insights like this, be sure to follow my account. Your support helps me continue providing valuable content to help you make informed trading decisions. Remember, real trading is reactive, not predictive, so let's stay focused on the key points described above and only trade when there is confirmation. “To anticipate the market is to gamble. To be patient and react only when the market gives the signal is to speculate.” — Jesse Lauriston Livermore All the best, Nathan.
NASDAQ:MU
by Nathan_The_Finance_Hydra
7
EURUSD Analysis==>>Reversal PatternsEURUSD is moving in the Resistance zone($1.0920-$1.0870) and near the Resistance lines . If we want to analyze the EURUSD chart from the point of view of Classical Technical Analysis , two Reversal Patterns are clearly visible: Head and Shoulders Pattern & Bump-and-Run Top Pattern . --------------------------------------------------------------------- Educational tip :👇 The Bump-and-Run Reversal Top Pattern forms when, after a gentle upward trend, a more aggressive one appears on the chart. The price pivots at the peak and then falls like an avalanche. In this scenario, only professional traders survive and thrive with considerable portfolio gains. In the following section, I will teach you how to make money when there’s blood in the snow! This pattern forms when the price rallies too far up. People second-guess themselves buying at such high prices while sellers sell confidently, causing a downward trend. This means you can see a clear reversal in the Bump-and-Run Reversal Top Pattern. Although this pattern is considered a single entity, it consists of three separate parts or phases: 1) Normal and steady trend, called the “Lead-in Phase.” Imagine it as walking up a mountain. 2) Market participants going crazy with greed, called the “Bump Phase.” You can imagine this one as an ascent to the mountain’s peak. 3) The price falling and causing bloodshed of candles, called the “Run Phase.” At last, you ski down the snow, collecting profits on your way. --------------------------------------------------------------------- According to Elliott's wave theory , EURUSD seems to have successfully completed five impulse waves . Also, we can see Regular Divergence(RD-) between two Consecutive Peaks . After breaking the support trend line and Neckline , I expect EURUSD to fall at least to the Support zone($1.0820-$1.0776) . Euro/U.S.Dollar Analyze ( EURUSD), 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; 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.
Short
by pejman_zwin
3
$KRE massive H&S top?Thanks to @TORNADOF5 for reminding me about this. A friend sent me a tweet last night about how banks are levered up on debt and that prompted me to look at the chart of KRE. As you might remember, AMEX:KRE was one of the worst performing ETFs at the beginning of this year with the failure of a ton of local banks. But since earlier this year, I haven't heard much talk about banks being in trouble. Well I pulled up the chart, I was surprised to see a massive H&S top forming. If price breaks $37-38, then I could see a big move down. The first target would be $29 and if price gets under that, it could get really bad. Could see price making it all the way to the lower support levels. Let's keep an eye on this because it'll be a great trade should it play out.
AMEX:KREShort
by benjihyam
3
DOGE - DON'T MISS out on ALTSEASON 2.0 !Yesterday we took a look at altcoins that are strong currently - and today I'm adding another, DOGEUSDT. ✅ From a technical indicator perspective, Doge is ready to reclaim a key trendline, as the price is consolidating right under it (bullish). "Extremely Oversold" is usually a good place to buy: ✅ From a Chart Pattern perspective, we observe an inverse Head and Shoulders pattern forming, which is also bullish and confirms a direction reversal. Furthermore, a total of -60% has been retraced and this is prime time for a new upwards wave: ✅ From a trendline analysis, we have successfully reclaimed the neckline after closing daily candles ABOVE the old peak: I conclude to say that according to the trend and all other signs - the price is short term and long term bullish from here. _________________________________ BINANCE:DOGEUSDT
Long
by CryptoCheck-
1