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Head and Shoulders

Bearish Signals on AluminiumAluminium versus the USD (ticker: XAL/USD) has traded southbound since reaching a high of $2,800, limited between a descending channel (extended from $2,800 and $2,475). Adding to the bearish vibe, price action manoeuvred below trendline support, taken from the low of $2,110, and retested the underside of the ascending line to form resistance. What also might interest technical analysts is the head and shoulders top pattern (head at $2,800), which was completed in mid-July (neckline breached). Price has yet to reach the pattern’s profit objective at $2,131, therefore, further underperformance could be seen for the base metal this month. In addition to this, you may acknowledge the potential for a bearish pennant pattern to form (drawn from the high of $2,321 and $2,206).
FPMARKETS:XALUSDShort
by FPMarkets
Selling EURUSD!!Hello traders this is one of the best setup for the week! On this trade we have a few technical indication that tell us we might be selling. We first have a head and shoulders which indicates that it might see a reversal very soon. Another thing we have is this nice FVG which I think price will retest. This FVG will play an important role in setting our TP. We also have have the 50 SMA with default settings looking pretty nice. If we breakout of the neckline we will be trading under the 50 SMA. We also have a trendline which is not very valid but on this context is works This could be for our TP but I will aim for the blue one which is based on our 4H FVG Please note that this trade only after the breakout :)
Short
by Linkhive001
USD/CAD could be about to drop hardKeep a close eye on USD/CAD over the next 24 hours. The price appears to be forming a head-and-shoulders pattern, with the price action from early August representing the left shoulder, the high from August 6 forming the right shoulder, and the 1.3887 level, which capped the price from August 1 to August 5, serving as the head. The pattern suggests that if the price breaches the low of 1.3787 seen on July 31, we could see a drop to 1.3752, with potential further declines to 1.3706, and possibly down to the pattern's target at 1.3692. If the price breaks below 1.3787, the head-and-shoulders pattern is likely to remain active as long as the price stays below 1.3805. 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
by ThinkMarkets
#HEX Total Value locked on the path down to sub $50 millionand before haters start doing a dance on the coffin of Richard Heart. This is HEX on Ethereum HEX on #Pulsechain is 2X more valuable But even Hex on pulsechain I do believe will continue to struggle for a while. Most value from these two different HEX's should in theory migrate to the superior product and disinflationary token of $Pulsechain This is only makes sense as Ethereum enables more value creation than a simple store of value (bitcoin is a unicorn and nothing has comeclose to toppling it ) The market more easily understands the value proposition of smart contract platforms. So Even thous Pulse is still down massively off its high's It has better chance to recover going forwards than either of the HEX's
DEFILLAMA:HEX_TVLShort
by BallaJi
2
TSLA needs to come down still me thinks... You can see the slanted Wyckoff distribution tracks perfectly with the top example in this screenshot here ibb.co - had to do this because every time I upload this idea, it misaligns a lot of the drawings (though if anyone can tell me how to post an image into these comments, that would be useful). 
We've hit the Wyckoff distribution resistance, and TSLA is now showing/at SOW. 
 With that example in mind, it suggests we still have some room to fall on this small time frame distribution. On a larger scale, we are still falling to hit the SOW in phase B. On an even larger scale, we still haven't retraced enough from the peak of the inverted H&S pattern. 

H&S pattern retracement theory standards are to fib levels 0.382 ($220), 0.5 ($205) + 0.618($189). The SOW in phase B can hit down with quite some force, so I'm expecting it to most likely close the gap down at 212 (completing the necessary retracement for the inverted H&S too). Once hit (hopefully ahead of Tuesday 4pm earnings report but who really knows), I expect a move to the upside to hit the UT in phase B. 

Having done some backtesting I’ve found the exact same pattern a number of times, and once the AS has completed, it’s a fast move to the upside which would lineup to an earnings report style move IMO. 
 If I've missed something/something doesn't make sense/I’m clearly wrong somewhere, let me know :) 

— PLAN: close short @210 range (could reverse within the range of 205-220)
NASDAQ:TSLAShort
by ash4zeker
22
ZEN has a bearish patternOn the chart, in large time frames, you can see a large QM on the chart, which can give us a good trading setup. The right shoulder of QM is also completed. In this shoulder, you can look for close supply ranges. We will look for sell/short positions in the specified supply range. The targets are marked on the chart Closing a daily candle above the invalidation level will violate the analysis For risk management, please don't forget stop loss and capital management When we reach the first target, save some profit and then change the stop to entry Comment if you have any questions Thank You
by behdark
1
Inverse H&SInverse Head & Shoulders pattern printing on the sell the news event on Ethereum ETF as it starts to trade. Validation of the Inverse H&S is on breakout of the neckline at $3451 (+/- 30$) on high volume and preferable later a retest of the neckline as support The invalidation of the Inverse H&S is a candle close below $2930. We might go there as Grayscale probably will bleed a lot from their high fee ETH trust. Target: At $4069 that coincides with highest price of the year
Long
by lill_knaas
Alikze »» CAKE | Head and shoulder pattern scenario🔍 Technical analysis: PullBack to broken structure - According to the analysis presented before, after touching the supply range, it faced selling pressure. - It is moving in a downward channel in the daily time frame. - In the last update, after reaching the 3.13 range, it faced selling pressure again, which touched the downward target in the range of 1.56. - Currently, the level of 3.13 has returned as much as 100% of the previous wave. - As can be seen, a head and shoulders pattern has been formed, which is confirmed by the break of the trigger line and neck line. 💎 Therefore, considering that it is located at the bottom of the channel, it can touch the target of 1.17 with pullback to the neck line. »»»«««»»»«««»»»««« 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. »»»«««»»»«««»»»«««
Short
by alikze
2