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Head and Shoulders

RACAUSDT 🚀 Inverse Head ShouldersHey guys! Today I'd like to share a RACA Coin idea. I've spotted an inverse head and shoulders pattern that has formed after a solid downtrend. Confirmation to the bullish upside would be a breakout and re-test of the descending triangle line marked in red and followed by entry trigger dropping into the lower timeframes such as Daily TF. Confluences: We need the breakout of the pattern to the upside to confirm bullish reversal. But having this pattern itself after a huge drop, it's pretty awesome! We've got Ichimoku Cloud breakout on the Weekly TF which signals bulls are taking over still make sure you have a plan to be certain with your confirmations. Targets are marked in the chart with text: 1) 0.0015 2) 0.0025 3) 0.0070 Stop loss below the cloud or 2 ATR or below swing low. Manage that according to your trading plan and take profits partially as you go hitting the targets. Let's see how it plays out! Kina 🚀
Long
by KinaStar
4
Why I'm selling EURUSDHello traders this is one of my setups for this week. For my price action traders this trade has it all!!! I've been watching EURUSD for a while now and I think now it might be time to sell. The thing that made me pay careful attention o EURUSD is this supply zone, I've been waiting patiently for the retest of this supply zone and as you can see we retested with a head and shoulders, more on that later on. For my breakout traders!!! This is your break and retest. If you are a pattern trader we also have something for you, as you can see we have a head and shoulders pattern here with the neckline being an important zone in our supply. It can't get any better than this, a triangle retesting a head and shoulders pattern is so nice. WHAT WE HAVE SUPPLY HEAD AND SHOULDERS TREND BREAKOUT TRIANGLE
Short
by Linkhive001
4
Trump RFKJ Help Pump Bitcoin In Nashville's Crypto ConferenceBoth U.S. presidential candidates Trump and RFKJ spoke at Nashville's recent crypto conference. Both outlined their strategies going forward should they become the next president. Though different, both had a positive effect on the Bitcoin price as the market pumped beforehand. But now that the conference is at an end, what can we expect from Bitcoin? You can see from the chart that we are nearing the top of our channel and testing its underside as was expected from the video last week. Now, the question becomes, what's next? The two most likely scenarios are that a) Bitcoin moves sideways for a week or two in another accumulation phase before breaking up, or b) Bitcoin breaks up sooner than anticipated and starts heading toward our year-end target. A less likely scenario is that for some unknown reason at this point and time, an event or news item could reveal which would move the price of Bitcoin back down to the bottom of our channel one last time before heading up again. We live in unbelievable times rn. Anything could happen. But probability lies on the side of Bitcoin continuing its move upward at this moment. End of year target remains $90k+.
INDEX:BTCUSDLong
by stewdamus
Next Week Trading Plan (DXY analysis)we have drawn some high lows of weekly and monthly swings after that, we have spotted a chart pattern on 4h of DXY indicating it was head and shoulder (incomplete) although the idea was the left shoulder of the pattern is bigger and on the right shoulder it will be shorter than the left shoulder neckline comes at 104.510 first target will be 104.900 which is derived from the right shoulder length and 2nd target is at level of 105.300 which is the length of head incase the first condition couldn't break through the neckline we then have to wait for price to retest the monthly and weekly support which is around 103.900 to 103.600
TVC:DXY
by Jimmy_Rebello
2
Bullish on the GBP/USd Taking a look at the Pound we are in a bullish move on the weekly, on the weekly and daily we can clearly see that a inverse H/S has formed and we are getting a pullback. Pulling a fib from the right shoulder up to the most recent HH, we can see that the 618 and 786 align with weekly imbalance these will be my AREAS of INTEREST, looking for a pinbar or a double to (High probability setups) The 4hr is bearish and is continuing to create LH and LL, i expect more short term downward movement, reaching the 618 or 786 fib and then we will get a push. Therefore I am looking for buys.
Long
by Red5FX
3 Bull Patterns on BTC about to trigger a bullish domino effectPriceaction is now for the second time solidly back above the bull flag we had been consolidating inside for the past few months ever since hitting the newest ath. It has also gone up to complete the left shoulder of an inverse head and shoulders pattern that is also overlapping the bull flag. We have yet to take price action above that neckline but by the prices current bullish behavior and how its not being rejected that heavily I would expect that we can at least send a wick above the. Teal neckline of the invh&s pattern wishing the next few daily candles if not the current one. Often times price action will go above the neckline of an invh&S pattern and then back below it multiple times before the real breakout gets triggered however in this situation, if price can maintain support above the top trendline of the green bullflag it will likely breakout of the inv h&s with way less back and forth above and below the neckline. The bullflag breakout will bring the momentum necessary to also trigger the invh&s breakout and as priceaction heads to both measured move price targets it will also surpass the purple line and flip it to support s well which is the rimline of a massive cup and handle pattern. This all culminates into one big bullish domino effect and that confluence helps greatly increase the probability of all of thee patterns confirming their breakouts. Not to mention another big invh&s pattern we confirmed the break out from many months ago had a target of 82k and we still haven’t quite reached that yet and in doing so, we also would trigger all 3 of these patterns so it may actually be the most appropriate 1st domino of this domino effect(will link that chart pattern idea below). However these 3 dominoes are clustered all very nicely together so it should lead to a pretty explosive move upwards. The inv h&S’s target is around 86k the bullflag’s target around 101k and the cup and handle target is 133k respectively. One last thing to mention though is that I am basing the bullflag’s price target of 101 k off of the size of the flag pole we see here on the daily(as well as the weekly) chart. Once you flip the timeframe to the monthly chart, you actually can see the pole of the bullflag on that time frame is much bigger and brings the bullflag target up all the way to 117k. *not financial advice*
BITSTAMP:BTCUSD
by DrDovetail
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
14
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