Get started

Head and Shoulders

Likely Back to ATH or HigherAfter hitting a new ATH around 73k, Bitcoin re-tested the weekly close from its April 2021 high: It initially lost the 50 day EMA during this re-test, then the weekly candle bounced from this level, as the daily TF formed an HSi around the same area. This led to a recovery of and bounce off of the 50 EMA upon the re-test of the HSi's neckline. If Bitcoin can continue holding its 50 EMAf, it'll likely move back up to 73k (conservative target), and could go higher if it breaks through the red box, targeting ~75.5k. If it fails to break 73k, we could see another test of the 50 EMA and possibly 60k. If it does break 73k, we could see a longer term target of 82-83k after reaching 75.5k:
INDEX:BTCUSDLong
by dudebruhwhoa
GBPCAD DAILY ANALYSIS Hello, traders here is an analysis of GBPCAD next week As you can see the price has been bullish for the past few days and now it is in the resistance zone (green zone) that has been tested multiple times and you can see that the price created an inverted head and shoulders pattern that signals bullish move so now I am going to wait for the price to break the resistance zone then wait for a pullback to the resistance zone then look for bullish opportunities.
Long
by dlaminisya
Using ChatGPT 4o to analysis this Bitcoin chartThis is generated by ChatGP 4o. You can take a snapshot of BTC chart and ask it to analyze your chart. ========== Analyzing the chart you provided, which features Bitcoin (BTC/USD) on TradingView, we can observe the following key elements: Head & Shoulders Pattern Left Shoulder: The price reaches a peak, then falls. Head: The price rises to a higher peak than the left shoulder and then falls again. Right Shoulder: The price rises to a peak similar to the left shoulder and then falls, creating the right shoulder. Neckline: The red line connecting the lows after the left shoulder and head. Wyckoff Re-accumulation Context The overall chart indicates an uptrend with a period of consolidation that could represent a Wyckoff re-accumulation phase. Detailed Analysis Left Shoulder: Formed during the initial consolidation phase. Head: Created a higher high within the consolidation range. Right Shoulder: A lower high compared to the head but aligns with the left shoulder. Volume Analysis: During the formation of the head and shoulders, volume decreases, which is typical for such a pattern. Breakout: The chart shows a breakout above the neckline and the downward sloping trendline that connects the peaks of the head and shoulders pattern, indicating potential continuation of the uptrend. Future Projection The green path suggests a bullish projection, expecting the price to continue rising after a brief consolidation near the resistance zone indicated by the green rectangle. Key Levels Support Level: Around 60,750.70, shown by the lower red horizontal line. Resistance Levels: Around 71,746.20, shown by the upper red horizontal line. Intermediate resistance in the green rectangle area. Conclusion The Head & Shoulders pattern within the Wyckoff re-accumulation phase appears to be invalidated by the breakout above the neckline, suggesting a bullish continuation. The chart indicates potential for further upward movement after minor consolidation. If you have any specific questions or need further analysis on certain aspects of the chart, feel free to ask!
INDEX:BTCUSDLong
by Lit7leBoy
SUI $1.70 Long Target - Longed @ $0.89In my last post I showed a short opportunity on SUI where we shorted $1.12 with target of between $0.90 - $1.00 followed by an immediately longing the bottom for a reversal. We closed that trade and longed @ $0.89 preparing for this next move of $1.70 long that was already confirmed and still active. Our Entry was $0.89, but Updating this now on the way to $1.70 long target It is possible a dip can come if BTC dips, but if BTC is running to $72K+ this long target is sure to hit sooner than later for a nice 69%+ gain.
Long
by dogdaddevan
Is the Silver to Gold Ratio due to tripleWallStSilver Silver Bugs have had to bear many decades of no euphoric price action Like the saying goes every dog has it's day And in speculation a Bull market in one sector often means another sector get's neglected Things don't move in lock step It's just the nature of speculating/investing which we can't control but also offers us opportunity I believe Silver should be a relative out-performer of most things (not all things) And cheap prices or cheap ratio's tilt the odds in your favour.
TVC:SILVERLong
by BallaJi
BTC: Correction Over?BTC have now pierced above the (green) 50 daily SMA line, as well as above the Bollinger band, after previously getting rejected 3 times. Note: Will need the current daily candle to close above the green 50 daily SMA line for confirmation. Inverse head and shoulder pattern breakout indicates momentum reversal. FG{50/15} histogram have now turned green, and is about to flip into the positive again. This is in confluence with the start of previous major run-ups during the bull market cycle.
BITSTAMP:BTCUSDLong
by cybernetwork
TRX - Inverse head and shoulder - Breakout ImminentBINANCE:TRXUSDT (6H CHART) Technical Analysis Update TRX is currently trading at $0.12346 and has formed a inverse head and shoulder pattern. Price is currently around the resistance line, if see a resistance breakout then we have potential for a good LONG Trade. I will wait till we have a confirmed breakout of the resistance and enter the long trade only after that. Entry level: $ 0.12461 (Candle Close above this) Stop Loss Level: $ 0.11752 TakeProfit 1: $ 0.12778 TakeProfit 2: $ 0.13172 TakeProfit 3: $ 0.13764 TakeProfit 4: $ 0.14398 Max Leverage: 5x Position Size: 1-2% of capital Don't forget to keep stop loss. Follow Our TradingView Account for More Technical Analysis Updates, | Like, Share and Comment Your thoughts. Cheers GreenCrypto
Long
by GreenCryptoTrades
possible Head & shoulder patternthere is a possibility that nifty smallcap 250 can for a head and shoulder pattern here, which can bring it down by total of 11%, and 7.7% after the formation gets completed. It is very likely that the market will not complete this pattern, but just for awareness and availability of different perspective I wanted to post about it. also, please do not take any decisions too quickly based on this as patterns are for very short term but in the long term I'm still very bullish on the midcap and smallcap index.
NSE:NIFTYSMLCAP250
by anmol18888
Affirm Holdings: Astute SpeculationFundamentals: Affirm Holdings provides IT solutions for digital and mobile-first commerce. It is in the finance and payment industry just like Paypal or American Express. The company tries to differential itself from credit cards by not charging fees, but an agreed payment. Both sales and earnings have been accelerating.] and exploding, but the earnings have not been over 20% for many quarters. Funds seemed to be trickling in although not my favorite funds. This stage of buying is still early and speculative. Technicals: IHS pattern Stage 3 Crown pattern with valid pattern volume. uHd Extreme bullish indicator pb to 50% fib Price wedging and a bullish kicker pattern has formed with higher volume at the 50% fib support. Comment: Based on the pattern alone, I think something is brewing and will develop later. Entered at 33.40. Target is at 88 and 170 (the all-time-high of 2021.
NASDAQ:AFRMLong
by Rocketman
7272 - 4 months HEAD & SHOULDERS══════════════════════════════ Since 2014, my markets approach is to spot trading opportunities based solely on the development of CLASSICAL CHART PATTERNS 🤝Let’s learn and grow together 🤝 ══════════════════════════════ Hello Traders ✌ After a careful consideration I came to the conclusion that: - it is crucial to be quick in alerting you with all the opportunities I spot and often I don't post a good pattern because I don't have the opportunity to write down a proper didactical comment; - since my parameters to identify a Classical Pattern and its scenario are very well defined, many of my comments were and would be redundant; - the information that I think is important is very simple and can easily be understood just by looking at charts; For these reasons and hoping to give you a better help, I decided to write comments only when something very specific or interesting shows up, otherwise all the information is shown on the chart. Thank you all for your support 🔎🔎🔎 ALWAYS REMEMBER "A pattern IS NOT a Pattern until the breakout is completed. Before that moment it is just a bunch of colorful candlesticks on a chart of your watchlist" ═════════════════════════════ ⚠ DISCLAIMER ⚠ The content is The Art Of Charting's personal opinion and it is posted purely for educational purpose and therefore it must not be taken as a direct or indirect investing recommendations or advices. Any action taken upon these information is at your own risk.
TSE:7272Long
by TheArtOfCharting