Bullish on TSLATesla Daily chart is looking like it's gearing up for a BULLISH momentum shift.
I'm liking the structure that it's potentially looking to place. I will be focused on locating a bullish engulfing candle closer towards the previous resistance level or close to the 50% retracement level.
We shall see what happens, but I am liking Tesla to obtain some bullish momentum.
Head and Shoulders
XAU/USD: Strong fall but not convincedWhat Excites Me
I'm anticipating a big pull back (see my last post for details)
to happen for Gold, but S/D, and volume analysis suggests
that there could be a better entry on the horizon!
What I'm Looking For
I would be willing to short if I could get in from $2400 upwards.
I would also be willing to reassess things if the market made a lower low.
But as for now, I'm expecting a strong demand at this current price.
What I See
As for now, I think it's best to stay out of the market; personallyI haven't seen enough to suggest that the long term move, I'm anticipating is playing out, currently. 🤷🏽♂️
I've included to best case scenario's on the chart.
We'll see how things play out.
This post idea builds upon the original analysis that peaked my interest about this market:
Potential Mid to Low 60's Accumulation Zone Potential opportunity for longer period inverse head and shoulders to play out. Could be limit order entry opportunities. This would help build strong support base, as well as give the cycle the time it needs to be a right translated cycle instead of a left translated accelerated cycle. That puts us end June before move to crush through ATH.
STRKUSD Bullish Study Case
On the daily timeframe, STRK was in a bearish trend. Then, it started forming the Wyckoff accumulation pattern, which included a bearish candle with a long wick, marked on the graph as SC for Selling Climax. Then, we had the AR for Automatic Reaction, followed by the ST for Secondary Test, UT for Upthrust, and another STB for Secondary Test in Phase B.
Currently, I'm waiting for the retest that aligns with an inverse head and shoulders pattern in the 4-hour timeframe. Additionally, it aligns with a Fibonnaci's zone of interest.
BTC:POTENTIAL INVERSE HEAD AND SHOULDER FORMATION!!Hey everyone!
If you're enjoying this analysis, a thumbs up and follow would be greatly appreciated!
Bitcoin (BTC) Update:
BTC is forming a bullish inverse head and shoulders pattern on the daily timeframe. The price is currently attempting to break above the neckline, which could signal a significant price increase.
Here's what we're watching:
Confirmed breakout: A clean break and close above the neckline is key for this pattern's validity.
Price target: If the breakout is confirmed, we could see a rally of 20-25%, potentially reaching $85k-$90k.
Let me know your thoughts in the comments below!
Reverse head and shoulder pattern on MANYAVARMANYAVAR formed a reverse head and shoulder pattern on daily chart. For quite some time this particular stock has been going down but now shows signs of reversal. Stoploss can be had just below the breakout candle. Also note the wick on 4th June indicating strong buying pressure at those level. Target can be just below the resistance level marked. This trade offers ideal risk reward of 1:2.
Hope you like this idea, if so please boost the idea or leave a comment below on what you think. Otherwise, happy trading :-)
CRUDE OIL (WTI): Time to Sell?!
WTI Crude Oil is testing a recently broken horizontal support.
After a violation, it turned into a potentially strong resistance.
Approaching the underlined area, the price formed a head and shoulders pattern
on an hourly time frame.
A breakout of its horizontal neckline is a strong intraday bearish confirmation for us.
We can expect a bearish continuation now.
Goals 74.9 / 74.3
❤️Please, support my work with like, thank you!❤️
INJECTIVE #INJ 2024 Price Target = $85Smash a like if you agree!
Why do you ask?
Because people like smart contract blockchains, people like new projects, a good ticker, good liquidity, the right price to make multiples
all add up to winning tickers in the #crypto space
So I believe INJ will not only meet this $85 target
buy likely surpass it during 2025 top
Reverse head and shoulder on COFORGECOFORGE formed a reverse head and shoulders pattern on daily chart. Price broke out of resistance area with strong bullishness. Also there was a gap up on todays opening indicating there is strong buying pressure. Stop loss can be held just below previous swing with target the width of the head. Provides an ideal risk reward of 1:2.
Hope you liked this idea. If so please do boost this idea or leave a comment below on what you think. Otherwise happy trading :-).
EOSUSDTHi guys
Tangent with the medium-term uptrend line, in the lower time frames, a head and shoulder pattern is formed at the end of the downtrend.
The support areas are also well preserved so far; Provided that the previous price floor is maintained, and the resistance range of $0.831 is consumed, we expect an upward trend similar to the scenario.
Idea for short XAU in a long timeframe.Based on the observed chart pattern, a Head and Shoulders formation appears to be developing. By integrating the Supply and Demand zones from the SMC (Smart Money Concepts) strategy, this setup indicates a strong potential for a selling opportunity at the current level.
*Beware of unexpected news.
Bye Bye DollarShort term uptrend broken. Is heading to the uptrend line from Jan 2022, and I think it can break it down. I'm already short in Dollar against AUD and GBP and I have been adding. And I will add even more. To make it even worst for the Dollar the index broke down the uptrend with a HS. I don't need another trade to close out the year. This is the one, all in. I won't close my positions until it reaches my target.
Potential Head & Shoulders Forming! - AUHere I have AUD/USD on the 1 HR Chart!
Price so far has began to form what looks to be a Strong Reversal Pattern, Head & Shoulders!
You can see a clear Left Shoulder falling down to the Support Zone creating our "Neckline" @ .6633!
Followed by the creation of the "Head" being a rejection off the Falling Resistance back down to the "Neckline" and NOW finally to potentially finish the Right Shoulder!
Based on the first shoulder, the Resistance Zone @ ( .6671 - .6665 ) and with the 38.2% Fibonacci Retracement Level matching the height of the Left Shoulder @ .66727, I am looking for Price to hit this very spot and then show rejection pushing price back down to the Neckline for CONFIRMATION OF PATTERN!!!
INVALIDATION OF PATTERN comes in if price decides to Break and Close above .66727 and is unable to move back down!
Fundamentally, AUD had GDP come in at a .2% decrease and with heavier news for USD later this week, this idea could come to life so lets keep an eye out!!
**On Confirmation of Pattern, I will be looking for a Target Profit down at Support @ .66000
SHS and bounzed channel - short
1. Impuls: 4H short
2. Correction: in correction
3. Trigger: not jet
4. Candle: no
5. Channel: yes short 1D
6. Resistance/Support: bounzed channel line
7. Trend: short
8. Brake out: bounzed
9. Febo´s: near 38.2% 1D
10. EW Impulse: yes long
11. EMA 200 / SMA 50: no
12. Pattern: SKS 1H, bat 30min
13. Fazit: bounzed on channel short, sks short,
14. Solution: short trade tp $90,00
BTC Inverse Head & Shoulders on Daily ChartInverse H&S Pattern is almost completely formed on the Daily Chart.
A Break and close above $71 734 on Daily chart could result in measured moves corresponding with the moves in the Inverse head and shoulder pattern. My prediction: if a Daily close above this level, then we'd see a break upwards to FWB:77K , retrace back to neckline, and bounce up to $86, 625.
First price target: $77, 000
Second Price Target: $86, 625
Amateur pattern and technical analysis trader. NOT investment advice. Making these posts to document my own journey and thought processes/development on here.
BTCUSD breaks through 72000 and will start an upward trendOn the daily chart, BTCUSD fluctuated upward after forming a head and shoulders bottom pattern, and the bullish trend is currently dominant. In the short term, attention can be paid to the resistance near 72,000. If a breakthrough is formed, it is expected to continue to rise, with the upward target looking at the previous high near 73,800, and a breakthrough is expected to go to near 75,000. At present, attention can be paid to the opportunity to buy on the pullback.
USD/CHF to lead DXY higher, AUD/USD, EUR/USD lower?Our bias is for the US dollar index to rise to 105 over the near-term. The daily chart respected trend support from the December low, and the 4-hour chart shows a small ascending triangle which implies a break above resistance.
Out of the FX majors, USD/CHF looks ready to break above resistance and lead the dollar broadly higher. Bears could also consider a short on AUD/USD on the assumption the high of RS (right shoulder) has been established, and seek a move down towards the neckline at a minimum. A break of which could see it head for the projected H&S target around 0.6580.
If the US dollar index goes higher, surely EUR/USD should move lower. Bears could enter short with a view to target the swing low around 1.0835 or the bullish trendline.