Maersk daily pitchfork bottomSo many touches and measured moves fitting in this pitchfork makes me believe it might stay important. Maersk could be hitting the bottom line from the minor pitchfork and the bigger one at the same time, which is in the area of the "flip" zone and right shoulder of a possible inverted SHS. This would end up being a swing down of approximately 3300 DKK and Maersk swing sizes often range from 2700 to 3700 DKK. We have a range (possible accumulation) on the weekly chart with price expansion, so I wouldn't be surprised if it goes lower. If that ends up being the case, I'll go long when price break above the zone again. We might also be "close" to the end of the bearish cycle judging from the last two full cycles on the monthly chart, but that is a rough estimate and it could stay bearish for another couple of years.
I'll properly go in gradually and watch how price/volume evolves in this area. There's some old important lines coming in a bit lower, so I won't be having a fixed stop from the get go. I'd rather go in small and buy more from lower time frame setups. No mather what, I'm pretty keen on building a long term position down here.
Head and Shoulders
LINKUSDT Inverse Head and ShouldersLINKUSDT Technical analysis update
LINK price has been forming a head and shoulders pattern over the past 30 days. Now, the price is moving towards the neckline with high volume for a breakout. If the breakout is confirmed, we can expect a strong move in LINK.
Buy Level: Above $14.70
Stop Loss: 13.30
USDJPY Opportunities for Both Bears and BullsHere’s an exciting update on USDJPY, which has something for both short-sellers and those looking to buy. Let’s dive in!
Current Overview:
- 4-Hourly Chart:
- There’s a sell zone, but the overall movement of USDJPY is on a bullish ride. :chart_with_upwards_trend:
Shorting Opportunity:
- Key Level: 157.69
- What to Do: If you’re looking to short, watch for a Magic Candle Confirmation within the sell zone (red box). The ideal entry would be at 157.69.
Buying Opportunity:
- Key Pattern: Potential Head and Shoulders Formation
- Key Level: 157.69
- What to Do: Like me, if you’re waiting to buy, this is the level to watch. Wait for a Magic Candle Confirmation at 157.69 to enter a long position, betting on a Potential Head and Shoulders Formation.
Final Thoughts:
Whether you’re looking to short or buy, the key is patience and waiting for confirmation. Trading is all about making informed decisions and managing risk effectively.
What’s your plan for USDJPY? Are you in the short camp or the long camp? Share your thoughts and strategies below!
Happy trading, everyone!
SILVER (XAGUSD): Bearish Outlook & Breakout↪️An important dynamic head and shoulders pattern emerged in 📉SILVER on a daily chart.
Following a bearish reaction last week, the market experienced a sharp decline, breaking through both its neckline and a minor horizontal support level.
These two broken structures now make up an expanding supply zone. I plan to consider shorting from this zone, expecting a bearish trend to continue towards the support levels of 28.62 and 28.00, psychological level.👍📉
Will SOLUSDT Break Out or Face Rejection? Find Out NOW! Yello, Paradisers! Have you noticed the recent formation in #SOLUSDT? It’s shaping up into an inverse head and shoulders pattern, a classic bullish signal. But what does this mean for our next move? Let’s dive in and find out!
💎#Solana has formed Inverse Head and Shoulders Pattern This pattern typically signals a potential probability reversal to an uptrend. Solana is facing neckline resistance at $152.18.If we break above $152.18, the next hurdle is $169.9-$176. Sustained volume will be crucial for breaking above the neckline resistance.
💎If Sol fails to break the neckline resistance, strong support lies between $139.6-$135.5. Bullish Order Block Additional support at $137.56 which is a strong probability of holding demand and bullish order block and facing then neckline resistance and strong resistance.
💎Invalidation Point The bullish pattern will invalidate if we see a candle close below $125.04.
Stay focused, patient, and disciplined, Paradisers. If you want to be consistently profitable, you need to be extremely patient and always wait only for the best, highest probability trading opportunities.
MyCryptoParadise
iFeel the success🌴
BTC TO 80K INV H&S 4HTF$BTC/USDT is looking at breaking out of the neckline of the inverse head and shoulders located on the 4H time frame. The measurement of the neckline is 19.03% so I've used this measurement to gauge the potential movement of BTC to $79.664.
Keep in mind the last mega pump we saw was due to the same pattern playing out from GETTEX:39K -$43k gifted us a 67% price increase to $73k. So I believe that $80k is a rather conservative figure, considering the massive pump we had last time.
This trade could take place over the next 30-40 days when we look at how long the last move took to complete.
I would seriously consider taking a look at an entry points between the prices of FWB:65K -67k when unusual volume starts to enter the market with bullish confluences.
Peace & Prosperity
-Kaia Tait.
DOGE is at a crucial decision point!
Dogecoin is in a rising trend channel in the medium long term. This signals increasing optimism among investors and indicates continued rise. The price has reacted back after a false break of the head and shoulders formation. A significant penetration of 0.13 will again give new negative signals to the currency, while a break of the opposite side of the formation will be a strong positive signal. The currency is testing resistance at points 0.13. This could give a negative reaction, but an upward breakthrough of points 0.13 means a positive signal.
Are you bullish or bearish right now ?
CRUDE OIL (WTI) Bearish Trend Continues
WTI Crude Oil formed a classic bearish reversal pattern
on a daily time frame - a head & shoulders pattern.
Bearish violation of its neckline is an important bearish signal.
I think that the market may reach 77.9 level next week.
❤️Please, support my work with like, thank you!❤️
This will make our jobs easier if #Stablecoin Dominancewas to reach the inverse head & shoulder target :)
Almost the same % when the #crypto market topped out last cycle.
Will it?
IDK!
Should u wait to those low single digit numbers before u emabrk on profit taking?
probably not.
We shall keep an eye on this of course.
Best of Luck
CRWD - Surfed my way!If you are reading this today, then you should know why this has a spotlight right now, and if not well then just follow the chart!
To the left we see there was previous resistance moving down, later turned to support , and has acted as such. With today's news, I would expect a decline. I ultimately had first seen a possible Head and Shoulders form, or has been executed already, (Funny being the news that happened), and seeing price near our previous support makes me excited to see what plays out.
Did you think today's news affected the market this way? Or did you have other tools that gave you the same idea? Share your thoughts with a comment or private message. Let's enjoy the show!
Million dollar stock.Berkshire Hathaway breaking out versus Gold*Note #BRK does own Barrick Gold #ABX
Very interesting chart pattern
25 years in the making
The close of September should mark a confirmed breakout, of Warren Buffet's famous holding company, against Gold on a quarterly basis.
More evidence of a Melt Up in paper assets? And the continuation of the Bull market in the "roaring 20's"
If this is a continuation structure the amplitude suggests that one Berkshire Share, could be converted into well over 530 ounces of Gold.
At current prices that would equate to over a million dollars per share!