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Head and Shoulders

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!
NASDAQ:CRWDShort
by xEbenx
10
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!
NYSE:BRK.ALong
by BallaJi
Spot Silver Breaches SupportFollowing on from last week’s spot silver chart (XAG/USD), local trendline resistance, etched from the high of $32.51, stood its ground, eventually forcing the precious metal south of neighbouring support from $30.73 (now marked resistance) and longer-term trendline support (drawn from the low of $22.31). You may also acknowledge that price action on the daily chart recently completed (just) a head and shoulders top pattern (blue arrows – head at $31.75). Therefore, further selling in this market is possible, targeting support from $28.86. However, before sellers shift gears, a retest of resistance (and the breached trendline support) could materialise (black arrows).
FPMARKETS:XAGUSDShort
by FPMarkets
BTC inverse head and shoulder patternThe reliability of a typical inverse head and shoulders pattern is generally high when the neckline trends downward. However, the strong buying pressure observed during the recent decline to 53k has resulted in a very strong rebound up to 66k. This has formed an upward-sloping neckline. I predict that after some consolidation and accumulation before breaking the neckline, there will be a strong breakout, bolstered by positive news such as the ETFs for ETH and SOL.
by landscapeprovider
2
AUDCAD ANLYSIS 2.0 GD FOR SHORTAUDCAD Trade Plan 🚀 🔻 Pattern Analysis: AUDCAD has formed a bearish reversal pattern (Head and Shoulders) along with bearish divergence, indicating a potential decline. 📉 Entry Point: Enter the trade at the current market price (CMP) of 0.92130. 🚨 Stop Loss (SL): Place the stop loss at 0.92648. 🎯 Take Profit (TP) Levels: TP 1: 0.91657 🎯 TP 2: 0.91096 🎯 🔧 Setup to Short Sell: Entry Point: 0.92130 SL: 0.92648 TP 1: 0.91657 TP 2: 0.91096 📉 Good Setup to Short Sell 📉 🚀 Happy Trading! 🚀
Short
by Earn_withHassaan
EURUSD: Bearish Reversal Now Confirmed?!EURUSD is currently testing a significant level of resistance. After testing this area, I have identified several indicators suggesting a bearish trend. These include a series of rejection candles, the formation and break of a head and shoulders pattern, and the violation of a support line in of a rising wedge pattern. Based on these factors, I anticipate that the market will likely decrease in the near future, with potential target levels at 1.0867 and 1.0853.
Short
by linofx1
1
#DJIA to 40k!We are in a BULL MARKET so the risks are to the UPSIDE, one of an explosive rally as fund managers who have badly gotten the market wrong panic buy propelling the Stock market driven by #FOMO rather than reasoned analysis to far higher than people can imagine. New bull market highs should arrive during summer 2023! All whilst indecision reigns supreme on the likes of twitter in a perpetual waiting for a magic signal with the goal posts constantly drifting as those who failed to act when the knives were fast falling desperately cling onto hopes of the likes of #SPX 3600 and lower to buy Even though if it ever happened they would once more be too fearful act just as they were the last time S&P traded down to S&P 3600 :) My base case is we already had the recession, during the corrective moves of 2022.
TVC:DJILong
by BallaJi
2
Head above the shoulderSometimes simple things work wonders, and one my favourite pattern is HnS, Head and Shoudlers. Look we have one here, though neckline is yet to break. We have stronger bigger frames, and this one is much smaller frame. Yesterday price action of rise from lows, despite higher inflation than factored, augurs well for the neckline break. Also, the gap down of 5th July lead fall is in for closing up. Not much, truncated holiday is the only hurdle. Will there be a break of the neckline then a retracement or one way up is to be seen, with the holiday in mind one can take chances of that retracement. Support 52400-52300(max stop for the longs)-54130 Supply 52680-52800-53100
NSE:BANKNIFTY
by sreebhashyam