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Head and Shoulders

NZD/USD looking very bearish over the longer termLooking at the 6 month candlesticks, whereby each candlestick represents 6 months of price action, every time this pair has put in a bottom it has done so relatively quickly and started an uptrend. The past 4 years have been different though. It has been testing the .55 level since 2020. The Covid Rally was formidable but it came right back down in 2022 and has not caught a strong bid. This presents a bearish case in my opinion. If it were to put in a massive rally from here that would be very anomalous from a price action perspective. .55 doesn't offer as strong a historical support as .50(ish) does. If this pair trades down and breaks the 2020 lows it will quickly go to .50 with strong follow-through. Side note: are we really to ignore the massive multi decade head and shoulders pattern is has formed? I will not. This pair is headed down below .50 by next year sometime in my opinion.
Short
by QueefPlume2112
2
Weekly CLS from HTF FVG, Model 2 from OBWeekly CLS from HTF FVG, Model 2 from OB. you are welcome to comment with your thoughts and share your charts or questions below, I like any constructive discussion. What is CLS? This company is trading for the biggest investment banks and central banks. They trade over 6.5 trillion daily volume. They are smart money of the all markets. CLS operates in the specific times which will give you huge advantage and precisions to you entries. Focus on that. Its accuracy is amazing. Good luck and I hope this educational post helps to become better trader “Adapt what is useful, reject what is useless, and add what is specifically your own.” Dave FX Hunter ⚔
Short
by Dave-Hunter
2
Possible short-term BTCUSD HEAD AND SHOULDERS PATTERN formed.Please see attached chart. BTCUSD 1-4hr timeframe. There could well be a possible H & S pattern that takes us from the neckline of around $104k down to the $99-101k buy-in zone. This area also aligns with the 50% fib, charted from the recent swing low of $94,300 to swing ATH of $108,360 Max volume profile area also aligns at $101,000. Longs opened at $103-104k, with further entry long limits set at 99-101k, expecting 107-108k retest for subsequent take profit. Will let anything that breaks 108k run beyond with stops adjusted as necessary. Thanks.
BITSTAMP:BTCUSDLong
by liberty_trader_2024
FOMC rate meeting is unlikely to deter USDCAD buyersIn October 2024, USDCAD triggered a complex inverse head-and-shoulders pattern forming for 747 days. This pattern suggests a potential move of 777 pips to the upside, with the pair still roughly 375 pips away from the 1.4672 target. In the short term, if the price dips but holds above last Thursday's low of 1.4130, buyers will likely step in and push the price higher. This content is not directed to residents of the EU or UK. Any opinions, news, research, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. ThinkMarkets will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
Long
by ThinkMarkets
LINK --- projecting out this year... $63 Next set of targets for LINK not hard to predict Chainlink will keep trending up --- we're in a Bull after all The hardwork by investors, was completed in the year and half sideway accumulation zone under $10 now what ... not much sit on your hands and rotate shitcoin profits into it ... (if LINK is core component of your portfolio of course) At some you will have to decide when you to start selling your LINK for USD ... it won't be easy
CRYPTO:LINKUSDLong
by BallaJi
4
POLUSDT - 1H - Critical point: $0.35 - $1POLUSDT - 1H - Critical point: $0.35 - $1 TRADEX BOT NEWS: We are continuing to move forward with the development of the CEX autotrading bot. At the moment we are testing it on OKx accounts, but we are working to include other exchanges: binance, coinbase, krakken... We have also added "all" of the exchange's trading pairs. This will be the first version of TradeX BoT, which will work as a second layer Order Book in CEX markets, hiding our greed (TP) and fears (SL) from the exchanges. We will have more news soon! Thank you! _______________________________________________________ POLUSDT - 1H - Critical point: $0.35 - $1 We are in the support zone of the current bullish trend. It should be a good support point to boost the price up to $0.98-$1. On the contrary, if it continues to delve into its current bearish channel, it could lose all interest for the investor and could collapse to $0.34 - $0.35. __________________________________________________ Automated Cryptocurrency Trading Bots: All these strategic alternatives can be configured with TradeX BoT, since it will allow you to position in both directions without having to block any amount per position. It will only be necessary for the conditions to be met, either downward or upward, for the orders to be executed in one direction or another, taking the necessary deposits from your portfolio. TradeX BoT (in development): Tool to automate trading strategies designed in TradingView. It works with both indicators and technical drawing tools: parallel channels, trend lines, supports, resistances... It allows you to easily establish SL (%), TP (%), SL Trailing... multiple strategies in different values, simultaneous BUY-SELL orders, conditional orders. This tool is in the process of development and the BETA will soon be ready for testing. FOLLOW ME and I will keep you informed of the progress we make. I share with you my technical analysis assessments on certain values ​​that I follow as part of the strategies I design for my portfolio, but I do not recommend anyone to operate based on these indicators. Inform yourself, educate yourself and build your own strategies when investing. I only hope that my comments help you on your own path :)
by DeuXfi
1
Vistra Energy Stock Quote | Chart & Forecast SummaryKey Indicators On Trade Set Up In General 1. Push Set Up 2. Range Set up 3. Break & Retest Set Up Notes On Session # Vistra Energy Stock Quote - Double Formation * 130.00 USD | Survey Area Valid | Subdivision 1 * (Neckline) | Entry Bias Valid - Triple Formation * Pennant Structure | Uptrend & Continuation At 115.00 USD * Retracement | 0.382)) | Retest | Hypothesis | Subdivision 2 * Daily Time Frame | Valid Area & Entry Settings | Subdivision 3 Active Sessions On Relevant Range & Elemented Probabilities; London(Upwards) - NYC(Downwards) Conclusion | Trade Plan Execution & Risk Management On Demand; Overall Consensus | Buy
CAPITALCOM:VSTLong
by TradePolitics
Northrop Stock Quote | Chart & Forecast SummaryKey Indicators On Trade Set Up In General 1. Push Set Up 2. Range Set up 3. Break & Retest Set Up Notes On Session # Northrop Stock Quote - Double Formation * 530.00 USD| Survey | Subdivision 1 * (Neckline) | Bias On Hold | Method 1 - Triple Formation * ABC Flat Correction | Configuration | Subdivision 2 * Inverted Head & Shoulders Pattern | Method 2 * Retracement Area| Pullback Entry | Hypothesis | Subdivision 3 Active Sessions On Relevant Range & Elemented Probabilities; London(Upwards) - NYC(Downwards) Conclusion | Trade Plan Execution & Risk Management On Demand; Overall Consensus | Neutral
CAPITALCOM:NOC
by TradePolitics
BOTTOM FOR GOLD? - FED RATES TOMORROW; ONLY A PROJECTION! As illustrated, I am trying to visualize what COULD be an inverted head & shoulders pattern, THAT HAS NOT BEEN FORMED YET! I REPEAT: IT HAS NOT BEEN FORMED YET The only reason I share this idea, is because tomorrow, WED 18th, the FED has to decide for the last time this year if to lower rates or keep them at 4.75% basis points. Should the FED decide to LOWER them, this could cause gold to spike and potentially being the bullish impulse I am trying to project here. Should the FED KEEP the rates where they are, the market MIGHT simply continue its "current normal" path which STILL HAS BEARISH STRUCTURE. THAT BEING SAID ... Be patient with this potential setup, and wait for the rates to come out + a few hours for the market to price in the decision of the FED, because there is still room for gold to drop to the psychological price range of 2610 - 2600. Gold is at a spot where it could manipulate one more time before a pop to the upside, in order to induce sellers and generate liquidity. Regardless the outcome of the FED rates, if price does indeed take off, make sure it closes above the pivot area illustrated and make sure such area HODLS as support In the near future for a potential buy opportunity towards a year-end bull expansion toward + 2730... -- GOOD LUCK!
FOREXCOM:XAUUSD
by PersaGold
DEGENUSD 12/6/2024DEGENUSD Daily Chart Analysis • Coin Release: DEGENUSD was released on Coinbase in mid-October 2024. • Pattern Formation: From its release through November 10th, the price formed an Inverse Head and Shoulders pattern. • Breakout: On November 12th, the price broke through the neckline, rallying over 230% before pulling back. • Support: The price has since found support at 0.017360, aligning with the 20-day moving average, which is providing additional support. • Momentum: The MACD is currently below its signal line but remains in bullish territory. The contracting histogram indicates potential for the MACD to cross back above its signal, suggesting a resumption of bullish momentum. Trade Setup (Long): • Entry: 0.019207 • Stop Loss: 0.015634 (-18.60%) • Initial Target: 0.051171 (+166.42%, 8.95 RR ratio) The bullish chart pattern, combined with the MACD setup and strong support levels, indicates a high-probability trade with significant upside potential.
COINBASE:DEGENUSDLong
by rudcharts
SHPINGUSD 12/11/2024SHPINGUSD 1HR Chart Analysis Overview: This analysis examines the shorter-term price movement for SHPINGUSD on Coinbase. Price Action Summary: • On December 7th, 2024, SHPINGUSD reached new highs for the day but subsequently entered a downtrend, dropping below the 50-day EMA over the next two days. • Over the past three days, the price consolidated sideways, forming what appears to be an Inverted Head and Shoulders , a bullish reversal pattern. • This is encouraging as the daily chart indicates a strong uptrend. Current Market Dynamics: • Today, the price broke above the neckline of the Inverted Head and Shoulders pattern. • The breakout is supported by: o Increased volume o The MACD shifting into bullish territory o Support from the 10-day and 50-day EMA Projection: If the price holds above the neckline and the support levels (10-day and 50-day EMA), a strong move north toward 0.0141 is likely. ________________________________________ Trade Setup: • Entry Price: 0.011361 • Stop-Loss: 0.010865 (-4.13%) • Target Price: 0.014114 (+24.23%) • Risk-Reward Ratio: 5.55:1 ________________________________________ Summary: SHPINGUSD has shown bullish potential after breaking out of an Inverted Head and Shoulders pattern on the 1HR chart. The breakout is confirmed by volume, MACD, and EMA support. Holding above key support levels could lead to a significant upward move.
COINBASE:SHPINGUSDLong
by rudcharts
Inverse Head & Shoulder Tutorial An inverse head and shoulders pattern is the opposite of the head and shoulders pattern and signals a potential bullish reversal from a downtrend to an uptrend. Here's a breakdown of its key components: Left Shoulder: The price falls to a trough and then rises back to a resistance level. Head: The price falls again to a lower trough and then rises back to the same resistance level. Right Shoulder: The price falls again but only to the level of the first trough, then rises once more. The pattern gets its name because it resembles an upside-down head with shoulders on either side. The neckline is the resistance level connecting the highest points of each peak. Types of Inverse Head and Shoulders Patterns Inverse Head and Shoulders Bottom: This pattern signals a potential reversal from a bearish trend to a bullish trend. How to Trade It Breakout Confirmation: The pattern is confirmed when the price breaks above the neckline in an inverse head and shoulders bottom. Entry Point: Traders often enter a long position when the neckline is broken in an inverse head and shoulders bottom.
NYSE:SQEducation
by RonnieV29
8
Bitcoin Continuation TargetsChart price scale is Logarithmic. Fib ranges are based on log scale. The multi year inverse head and shoulders is supporting the 1.414 level at ~$128,000. The calculation for this structure is displayed on the chart. Subtract the range below the neckline and add it to the neckline break price level. The 7 month consolidation in the form of a bull flag is displaying potential for over performance to the 1.618 level at ~$175,000. The previous cycle reached the 1.618 level. In previous cycles, RSI levels reached 85+. The current RSI value is at 78 which supports room for expansion. The MACD is vertical and rapidly expanding. With the current velocity, my targets to the upside are $129,000 and $175,000 in Q1-Q2 of 2025.
BITSTAMP:BTCUSDLong
by MaxDDM
AEM - Head & Shoulder PatternAEM is possibly forming a Head & Shoulder pattern. Price action is currently under a rising parallel channel that breaks downwards and price eventually breaks parallel channel. If price breaks the parallel channel and $74, it will complete Head & Shoulder pattern. Once Head & Shoulder pattern is formed, stock price fall is either $ price or percentage difference between Head and neckline. In this case, the projected price fall after completion of Head & Shoulder is likely to be between: - 63.17 if price drops by 14.50% - 60.98 if price drops by $12.90 Price is probable to fall by $12.90 to 60.98 because it coincides with: - Fib retracement level of 0.618 which is a golden ratio - strong weekly support zone around 61.31 - gap fill is at 59.65
NYSE:AEM
by I_M_Shoaib