Head and Shoulders
4HR Inverse H&S Weekly - 3 weeks ago made a very large liquidity wick followed by a bullish
Bullish Engulfing candle. This is a good indication that price is changing
direction and will push to the upside.
Daily - Bullish M on the daily Price came back to my daily zone correctly which is a sign that
Bearish momentum is slowing down.
4HR - Inverse Head and Shoulder on the 4HR, I have placed my limit
Dollar Index (DXY): Time to Recover?!
Dollar Index reached a significant daily horizontal structure support.
Its test made a bearish rally stop.
The market formed an inverted head and shoulders pattern on an hourly time frame
and just broke its neckline, leaving a clear bullish clue.
The price may bounce at least to 100.89
❤️Please, support my work with like, thank you!❤️
TSLA - Inverse Head and Shoulders on Weekly Chart.NASDAQ:TSLA Tesla looks ready to finally break its falling trend. On the weekly chart, I see an inverse head and shoulders pattern form completed. If it manages to break the trend and stays above it for a few days or a week, I expect a strong upward movement from the volume shelf launch pad ramp. However, in a possible correction, my first target will be back to the $200 level.
GBPNZD Head and shouldersOn this trade we have a clear head and shoulders but the reason for publishing this trade is that i think EUR and GBP will drop.
The neckline of this head and shoulders is slightly skewed is more like a trendline and I don't like trendlines as they are not reliable so I will the blue horizontal level for my breakouts to avoid fadeouts.
I will be aiming for a fixed 2.5R but will consider taking profits at 2R
Head and shoulders EURAUD Sell!?!?Hello traders!!
We have a well defined head and shoulders here!!
We went and retested the SL zone although I would have liked to see the market take out the stop losses on the right shoulder it didn't that is why I'm going to have a late entry on this one.
Aiming for a fixed 2.5R
AEROFLEX IND - INVERSE HEAD & SHOULDER PATTERN BREAKOUT INVERSE HEAD & SHOULDER PATTERN BREAKOUT STOCK FOR SWING TRADING
BUY PRICE : 174
SL : 158 (only for swing traders)
TARGET : 196, 230 (32%)
Disclaimer - All information on this page is for educational purposes only,
we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made.
EU W Bearish Idea 3/17/24There is a chance that price could continue bullish from here, BUT I can NOT ignore the fact that there is a weekly head and shoulder possibly printing. Which will send price bearish for quite a bit.
On top of that, price has not really broken this area of price since 2021. This is a key level of price for EU. There has been 4 bearish engulfing candles in this area on the monthly, plus if you FIB the last bearish swing on the monthly price is at the 50% area of that FIB.
So I am setting alerts and watching price to see which way it wants to go.
MSFT - Head and shoulders is forming📈 Microsoft (MSFT) Stock Analysis
Let's take a closer look at Microsoft's (MSFT) recent performance. The stock is currently trading at $416.79, showing a slight increase of +0.30%. We're seeing some interesting technical patterns forming:
- Head & Shoulders Pattern: The chart shows a clear head and shoulders pattern, which could indicate a potential bearish reversal if the neckline is broken.
- Fibonacci Retracement Levels: Key levels to watch include 0.236 at $407.82 and 0.382 at $370.78. The stock has reacted previously with these levels, indicating potential support areas.
- Support Levels: Strong support is found around $325.45, which coincides with the 0.618 Fibonacci level.
If Microsoft fails to stay above the neckline, we might see the stock test lower levels, potentially around $340 or even $325. Keep an eye on these key levels for any further movement.
Multi-year Trendline BreakoutNSE:LOVABLE has broken out from a multi-year downward sloping trendline.
Structure looks like inverted H&S though I would avoid calling it as I prefer to go by strict technical definition of H&S which says inverted (or bullish) H&S should form after a decline since it's a trend reversal pattern. Decline is there but the whole decline is in form on H&S instead of H&S formed after a decline. Anyhow it's just a technicality and we can treat it as a breakout. Feel free to call it a trendline BO or H&S BO.
As for target, technical target should be above 700 as per the height of structure. However, I would prefer to trade it with multiple smaller targets. I would look for 300 as the next major then will wait for price action to confirm if it would go further and target would be 400. Next would be 550 and then 700.
Head & Shoulders (Reverse=~$64K Target)You may notice a H&S pattern on the 6hr or less chart.
It’s broken out, retraced, but showing slight signs of weakness, in volume, and structure.
If it plays out, this could be the beginning of the next leg up to $70K and maybe beyond.
A fall below ~ GETTEX:59K -ish could confirm break of pattern and could confirm the pattern invalid.
Jas
Distribution or accumulation on the ES WyckoffOn the US 500 the scenario yesterday showed sell in on the intermediate structure. However, today we had heavy buying on 5560, so probably we are on phase D on intermediate.
Potential objectives are 5614 and 5625. Don't forget that the whole structure still has more potential, so it will be feasible to give more room for movement. PEPPERSTONE:US500