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Head and Shoulders

Using TSLA/NVDA spread to find cluesIn yellow is the TSLA/NVDA spread or ratio, and here it shows the jump off the all time lows with the huge price spike post Musk vote. With spread charts you can gain clues on future price action based on the other ticker. For the continued TSLA bull case, we get a pull back in the ratio to form the right shoulder of the IHS and then continue upwards. In that case as long as NVDA continues to consolidate or trend up TSLA will remain bullish too (and outperform).
NASDAQ:TSLALong
by cc1
4
DAX40 - end of bull market?- German index has been extremely well over recent months despite data from German economy, which are far from perfect - Everyone expects EURUSD to go up, which I doubt - I believe it will not break 1.1 - If EUR losses against USD, it can affect DAX and cause a significant corecton. So technically, if the price breaks down form the wedge respecting the HAS pattern, DAX can do all the way down to 16400. We shall see. No recommendation, just my humble opinion.
OANDA:DE30EURShort
by PetrBorosh
Inverse Head and Shoulders - Bullish ideaThe Inverse Head and Shoulders pattern is one of them that when it works, it's so good! Really, it's just a push against resistance or support isn't it but somehow we continue to make these patterns. I suppose if you were a whale.. this is where you'd catch the most fish. IDEA Keep that title in mind, this is just an idea but for those of you that haven't spotted it, the way I see these first is by changing the candle on my chart to lines and things get a little clearer. I tend to use lines for accurate, or more accurate horizontal channel marking too. Then switch back to candles and look at the respect of the middle of the channel. It would be super sweet to see this price fight with the Order Block a bit, take out the Weekly level and retrace back down to fill in that CME gap. Would catch the 618 really nicely too. So I think we have confluence there don't we? If we pull back a but further, there is a monthly level and VAL (Value area low), we don't want to lose them if we want to go higher. The 1-1 measurement takes us to around $87k. I'm not really a pattern trader as such but you see it, you say it. What are your thoughts on patterns? BITGET:BTCUSDT.P
by turnandshoot
GOLD (XAUUSD): Update & The Thing To Watch ↪️The Gold market is consolidating near an important daily support level. Upon analyzing the 4-hour chart, I have identified a possible head and shoulders pattern. The left shoulder, head, and right shoulder have already formed. The neckline of the pattern is at 2400 - 2387. A bearish breakout below this level, confirmed by a 4-hour candle close, would signal a selling opportunity with a target around 2370/2360. However, if the price makes a new high, the pattern will no longer be valid.
TVC:GOLDShort
by linofx1
3
Another short on oil - pure price action oscilationNot much more to describe , pure price-action move based on the sideways movement of the oil price since mid-june. Cannot see yet any significant price-action based signal of trend confirmation either up or down, but it is possible we are seeing the formation of a head and shoulders, as well as lower highs and lower lows as this bulls seems to be fighting the stronger downtrend, pending confirmation. Playing the range for now.
FOREXCOM:USOILShort
by Taguspt
GBPCHF GOing DOwnGBPCHF is a pair that respects analysis and simple market structure. This pair is in an overall sideways market. But in a 4hour and daily is a buying trend so hopefully we could profit from this expected market pattern that it is currently forming. As we can see that GBPCHF has made or is currently forming a Head & Shoulder and from previous price action this pair might respect the setup and fall. The price at 1.14590 is a strong support that might be respected but aiming for a bearish movement. The most crucial part is to wait for the market to come to us. If the market crosses the current support in 1.14590 and retest it the we are certainly going for sells.
Short
by watfx
AUD/USD - Bearish Opportunity with Head and Shoulder PatternThe AUD/USD currency pair has recently exhibited a classic Head and Shoulder pattern, indicating potential bearish momentum. The price has broken below the neckline, which previously served as a strong support and trendline. Currently, the price is testing a key support level, suggesting a possible retracement from this area. Chart Pattern Analysis: The Head and Shoulder pattern typically signals a trend reversal, and the recent break below the neckline confirms this bearish sentiment. The neckline break indicates strong selling pressure, and the price action is now testing a critical support level. Fibonacci Retracement Analysis: The potential retracement aligns with the 50% to 61.8% Fibonacci retracement levels, providing a confluence of resistance around this area. This enhances the likelihood of a bearish trend continuation, also aligned with the trendline that has turned into a resistance zone. Trade Setup: Entry Point: Near 0.67100 (re-test of the trendline and resistance area) Stop Loss: Near 0.67450 (above the resistance zone to manage risk) Take Profit Levels: TP-1: 0.66750 TP-2: 0.66400 TP-3: 0.66050 Conclusion: Given the technical analysis, the AUD/USD pair presents a potential short-selling opportunity upon a retracement to the resistance zone. The alignment of the trendline, resistance, and Fibonacci levels provides a high-probability trade setup. Traders should consider entering near 0.67100 with a stop loss at 0.67450 and targeting the take-profit levels as specified. Note: As always, traders should conduct their own analysis and consider market conditions and risk management strategies before entering any trades.
Short
by trading_jupiter
Savings and Speculation - 22/7 issue22/7 is another way of expressing the Pi, though the International Pi Day is celebrated on 14.3 Tomorrow is the budget day; economic report will come one day before. Markets have no time to look into this. Chief concerns remain, the speculation, the move of savings to equity, that is eroding the banks deposit ratio in turn raises the cost of funds. The NIM of some of the banks are near 3% and Union Bank of India Chief clearly mentioned that challenge to keep above the 3% mark. The cause is the effect, the effect is the cause. China fades few points on the Prime Rate, that shows unwillingness to take the big stick, markets are not Enthusians'd. Equity markets give back the gains, dollar keeps the tone steady near the 200 DMA, but it is the rupee which is slowly giving its way. The smaller time frames swiftly push instead of inverse HnS the HnS pattern, one has to wait and see how it unfolds. This pattern is both continuation as well as reversal pattern. Not a place where aggressively bearish tones relative to some other sectors, hence the beta can be a tad at par or below in the fall and above if any rise. Support 52130-51930-51780 Supply 52500-52750-53000
NSE:BANKNIFTY
by sreebhashyam