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Completing the right shoulder in an inverted HS pattern. The larger bearish trend line is broken.
Bought 50% of the position on the retest of the local correction within the right shoulder.
Head and Shoulders
TGTBought a starter position today. Price prints the right shoulder, bounced off the WMA40 (DMA200). A very clear pattern at this point.
AMZN updateThe inverse head and shoulders on the AMZN weekly looks to be playing out. The attack of the neckline has begun, this projects to over 210$. With QQQ weakness impending, this could still play out since Amazon as not run as hard as the other big tech recently. Otherwise it may take a few tests for this to breakout.
Is Bitcoin going to 90k?This inverse complex head and shoulders says yes if the 60k support holds and we break the neckline
#BTC #Bitcoin
XAUUSD 600 PIPS IDEAXAUUSD is showing bullish signs overall, but a closer look at the lower time frames tells a different story. On the H4, there's a clear double top, and the H1 chart is displaying a head and shoulders pattern. Currently, the price action is forming yet another head and shoulders. If this pattern completes, it could be an excellent signal to enter sell positions. Remember, no reversals, no trade! Stay alert and keep watching those charts.
Generate a stable cash flow from each liquid investmentThe auto and industrial parts distributor is currently shelling out a dividend of $1 per share, with a dividend yield of 2.47%. This compares to the Automotive - Replacement Parts industry's yield of 2.44% and the S&P 500's yield of 1.59%.
Its dividend may bring you cash flow, but its earnings will be greatly diminished in the future. Its technical pattern tells us we shouldn't be overly optimistic.
EURCHF: Confirmed Bullish ReversalEURCHF created a significant inverted head and shoulders pattern on a 4H chart.
Following the release of the German business climate report earlier today, the market surged and broke above both the neckline and a strong descending trend line.
The expanding demand zone consists of two violated structures.
I plan to seek buying opportunities from this area, expecting a bullish extension towards the levels of 0.959 - 0.962.
PEOPLEUSDT - Bearish TradeThe price has given a breakout from Head & Shoulder neckline at 0.10007.
Sellers will remain in control below neckline support.
Before forming Head & Shoulder, bearish divergence is observed.
TESLA(TSLA) FORMING HEAD AND SHOULD PATTERN, IS TSLA READY FOR AThe NASDAQ:TSLA shares forms a reversal bearish patterns called H&S but this can be a valid pattern of it breaks the yellow bar area that happens to be the neckline. If that support holds and it’s able to break that trend line we might see a push to the upside.
But on the other hand, if you make use of the Fibonacci Retracement, you will see that the market is trading below the 50fb area which happens to be the important point of this area. This makes me to be 90% favoring the downside of this stock market, this could crash Tesla to $30 below
Crude Oil analysis
Archean Chemical Industries Ltd: ACIArchean Chemical Industries Ltd
Archean Chemical Industries Limited is India's largest exporter of bromine and industrial salt in Fiscal 2021.
BUY @ 608
SL @ 590
Target 30%
AUD/USD - Waiting for the breakout
Aussie is primed to have an explosive breakout in the coming week(s).
What will be the trigger for this?
BITDEER deserves to be re-rated HIGHERBased on fundamentals and technicals of course!
This company I expect to comfortably trade as a double digit company by years end
And during the #Bitcoin bull top even has the potential to tag this log projection
we can see an Inverse head and shoulders clearly being formed.
Yet to trigger, but it has some impressive projections.
Will Bitdeer outperform it's more well known rival #Mining competitors?
LayerZero(ZRO) is Ready to Go UPLayerZero(ZRO) has been listed on various exchanges for less than 3 days, and it has been trending downward due to the Airdrop that LayerZero(ZRO) had.
What is LayerZero(ZRO)!?
LayerZero is an omnichain interoperability protocol designed for lightweight message passing across chains. LayerZero provides authentic and guaranteed message delivery with configurable trustlessness. It is a “blockchain of blockchains” that allows other blockchain networks to communicate directly and in a trustless manner.
From the point of view of Classical Technical Analysis , LayerZero(ZRO) seems to have created two Reversal patterns : an I nverse Head-and-Shoulders Pattern and a Falling Wedge Pattern .
I expect LayerZero(ZRO) to rise at least until the next Resistance zone($3.67_$3.50) after breaking the Neckline and Resistance zone($3.17_$3.08) .
Note: An important point you should always remember is capital management and lack of greed.
LayerZero Analyze (ZROUSDT), 15-minute 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.
ChainLink Update: Correction about to happen, Overall Bullish!ChainLink is forming a clean H&S pattern on the daily and weekly charts, which can cause the price to experience a correction to lower levels at $7.7, the main support to hold before starting the big move along with the whole market in the upcoming bull market. The main targets are at $36 and $96, IMO. DYOR
Next week for SPXThis is my view for the incoming week.
Up till Tuesday at 5489
Down till Wednesday at 5422
Up till Friday at 5460-70ish
Bullish Consolidation Ending
bullish kumo breakout after 125 day consolidation
mid point of PF held
triangle thing
triple bottom scoopy thing (iHS)
entry: here and/or WF HH and/or DCA and/or blue PF midpoint
exit: 33-40
SL: <15, below Cloud
Gold - Head and Shoulders on M15 XAUUSD almost creates a HAS pattern on both M15, M30, waiting for pattern to complete and break of neckline
PEPE Trade targets Only for current Holders!!!We have highlighted #Pepe a few times since it burst on the seen.
It has really been a good trading vehicle, good volume and perps.
It's already up 2.5X from the big pattern inverse right shoulder.
It's already smashed the neckline
So charging in now is not recommended.
(if you are lucky and see it retest the neckline by all means)
Having said that if you have been trading it, and building up your investment stack this past year in the Frog coin.
You will be glad to see this log target above the old high!
congrats
FLUX Long-term AnalysisThe FLUX chart seems bullish. A large inverse H&S pattern is about to form on the chart with an ultimate target of $8. The main support and buy zone for FLUX is at $0.48, in my opinion. Let's see how it goes.
Thetha BIG Coup and Handle Hello
We have two possible scenarios
Inverse H&S ( in previous post ) and a Coup and Handle
IF but IF the Coup and Handle will be played price can targhet All time high
I am bullish on theta here
CRUDE OIL (WTI): Time For Pullback
As I predicted yesterday, WTI Crude Oil bounced and reached a key daily resistance.
After the test of the underlined blue structure, the market started to consolidate
and formed a head and shoulders pattern on an hourly time frame.
Bearish breakout of its neckline is a strong bearish signal.
It indicates that the market may retrace from the resistance.
Goals: 80.0 / 79.6
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BTCUSDTBulls held the line on the right shoulder to keep the BTC inverse H&S alive.
GETTEX:87K is the first target of the measured move, we will stop for awhile there once reached and Alts will moon.
Expect Alts to go Parabolic on the way there after many capitulated past week.
XAU/USD for short positionThis is a plan for a short position. (A) The chart has the potential to form a head and shoulders pattern. (B) The chart will move in a bearish channel. Level 2250 - 2200 can be a take profit area.
