Get started

Head and Shoulders

Three Potential outcomes for the S&P 500We are seeing a clear correction in the market that has potential to turn into a full blown bear market due to a number of reasons such as rising unemployment, looming debt crisis, and geopolitical tensions. From my experience and analysis I see 3 possible outcomes in the coming weeks and months for the AMEX:SPY The price starts to recover after another minor red day on August 5th, bouncing off support around 524.60, and will start to normalize back with the long-term bullish trend. A head and shoulders pattern forms on the weekly chart, starting with a move down to 495, retracing back to 524.60, and then forcing a large downward move that stops just short of entering a bear market/ recession at the 200EMA (around the 450 price level), starting a new bull run as it recovers. The events of situation 2 unfold the same way, however, price fails to bounce off the 200EMA, and we enter a full-blown recession, fueled by high unemployment, destabilization of the geopolitical climate, and civil unrest from the results of the US 2024 elections. Two of the three predictions lead to more pain for bulls. Let’s hope situation #1 is what will happen. Disclaimer: I am not a financial advisor and all statements made are for informational purposes formed from of my own opinion and should not be considered as investment advice.
AMEX:SPY
by TheSwiftTrades
SILVER (XAGUSD): Trading Plan Ahead of NFP↪️Today, we are anticipating the release of the US NFP Report. Here are the possible scenario for SILVER. On a 4-hour time frame, the price has formed a dynamic inverted head and shoulders pattern. If there is a bullish breakout above the dynamic neckline at 29.12 with a 4-hour candle close, it will confirm a strong bullish trend. We can expect a bullish continuation towards the psychological level of 30.00. It is advisable to wait patiently for a breakout and then follow the market accordingly.
OANDA:XAGUSDLong
by linofx1
5
Brent Crude Oil Prices Form Inverse H&S PatternTensions in the Middle East continue to escalate, and Brent crude oil prices appear to be forming an inverse head and shoulders pattern. For this bullish pattern to activate, the price needs to break above $81.69. If this level is breached, the pattern suggests a potential 4.69% gain, with prices possibly reaching $85.54. However, it's still early to determine the optimal placement for a stop-loss order, as the pattern may take some time to fully develop. 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.
THINKMARKETS:BRENT
by ThinkMarkets
Turbo is trying to tell us somethingDear Reader, Turbo seems like to forming a potentiol inversed shoulder head shoulder pattern. We need to wait for rejection on the neckline to make the right shoulder and then wait for breakout on the neckline. BTC is unstable at the moment, it rejected from a little support zone around 62.3K but due to the war we can have more problems then we know of. Also BTC looks like it is making an Shoulder head Shoulder pattern in Bearish way, this might be a big problem but we need to watch for that. I will recommend the BTC chart in this one so u can look at it. This is no financial advice, always DYOR. What are your thoughts?
Long
by zLxNiii
Finally time for bullish oil? $USO to $120 then $300+People have been calling for the oil bull market to begin for the past two years and the trade largely hasn't worked as we've gone sideways to down. However, based on the chart, it looks like we're finally ready for a run. This would also line up with my bearish equity thesis. Oil looks to have broken out of an inverse head and shoulders pattern and althought it's a diagonal pattern which are less reliable, the indicators that I have seem to support the narrative. I think there's a possibility that we could see a 4x move over the next year or so. Let's see how it plays out.
AMEX:USOLong
by benjihyam
10
nas100 Identifying Key Levels The chart highlights several significant levels and zones that influence the current market behavior: • PMH & PML: Previous Month High and Low, serving as significant resistance and support levels. • PWH & PWL: Previous Week High and Low, indicating recent market highs and lows. • PDH & PDL: Previous Day High and Low, indicating recent market highs and lows • Daily FVG: Daily Fair Value Gap, indicating areas of market imbalance. • BSL: Buy-side Liquidity, areas where buy orders are placed. • SSL: Sell-side Liquidity, areas where buy orders are placed. • Always wait for confirmation
FUSIONMARKETS:NAS100
by tanasepatasanu
BULLISH MOVE AHEAD? OR POTENTIAL BEARISH SETUP?Greetings Traders, Next Week's Technical Analysis for Gold Direction: High Time Frame (HTF) Analysis: Weekly and Daily Charts: A clear direction has been identified by observing the weekly and daily charts. Chart Pattern: Both charts show a Head and Shoulders (HNS) chart pattern that has completed and broken out of a dynamic strong support level. Forecast for Next Monday: Market Price Direction: The gold price is expected to continue its ascending movement to retest or in Smart Money Concepts (SMC) terms, to offer a discount to the levels between 2404 and 2423.85 Significant Zone: This large Quasimodo (QMC) zone spans approximately 200 pips. Trading Strategy: Selling Opportunity: Plan to sell gold once the price reaches the identified zone and hold until the OHLC of the candle closes near the weekly support levels of 2355-2350. Profit Target: This setup presents an opportunity to aim for a total of up to 500 pips by next week. Insyallah.
OANDA:XAUUSDLong
by EzamYusof
2
DOLLAR INDEX VIEW DXY chart hopefully invers head and shoulder pattern.so market need to seem BUY correction 104.500 resistance zone. if Then market breakout 104.600 resistance level, then market more buy to 104.8100 and 105.00 level. If Breakdown 103.930 support level, then this case is invalid. AronnoFX will not accept any liability for loss or damage as a result of reliance on the information contained within this channel including data, quotes, charts and buy/sell signals. If you like this idea, do not forget to support with a like and follow. Traders, if you like this idea or have your own opinion, please feel free command me.
TVC:DXYLong
by AronnoFx
Gold will go UP by Inverse H&S Pattern==>>Short termGold managed to break the Resistance line and is currently moving inside the Resistance zone($2,398-$2,376) . Gold also created the Inverse Head and Shoulders Pattern . I expect Gold to rise to at least the Downtrend line . Gold Analyze ( XAUUSD ), 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.
OANDA:XAUUSDLong
by pejman_zwin
10
RACAUSDT 🚀 Inverse Head ShouldersHey guys! Today I'd like to share a RACA Coin idea. I've spotted an inverse head and shoulders pattern that has formed after a solid downtrend. Confirmation to the bullish upside would be a breakout and re-test of the descending triangle line marked in red and followed by entry trigger dropping into the lower timeframes such as Daily TF. Confluences: We need the breakout of the pattern to the upside to confirm bullish reversal. But having this pattern itself after a huge drop, it's pretty awesome! We've got Ichimoku Cloud breakout on the Weekly TF which signals bulls are taking over still make sure you have a plan to be certain with your confirmations. Targets are marked in the chart with text: 1) 0.0015 2) 0.0025 3) 0.0070 Stop loss below the cloud or 2 ATR or below swing low. Manage that according to your trading plan and take profits partially as you go hitting the targets. Let's see how it plays out! Kina 🚀
Long
by KinaStar
4
Why I'm selling EURUSDHello traders this is one of my setups for this week. For my price action traders this trade has it all!!! I've been watching EURUSD for a while now and I think now it might be time to sell. The thing that made me pay careful attention o EURUSD is this supply zone, I've been waiting patiently for the retest of this supply zone and as you can see we retested with a head and shoulders, more on that later on. For my breakout traders!!! This is your break and retest. If you are a pattern trader we also have something for you, as you can see we have a head and shoulders pattern here with the neckline being an important zone in our supply. It can't get any better than this, a triangle retesting a head and shoulders pattern is so nice. WHAT WE HAVE SUPPLY HEAD AND SHOULDERS TREND BREAKOUT TRIANGLE
Short
by Linkhive001
4