GBPUSD Short Market Structure still bearish on HTFs
Looking at the continuation of the downtrend move
Waiting for price to break below the AOi and retest for an entry;
My AOi is at a Daily Level
Retest of the Weekly EMA
Weekly Rejection at AOi
Daily Rejection At AOi
H4 EMA retest
Candlestick rejection from AOi
Potential Head and shoulder pattern
Awaiting more confluences for entry
SOS 1:3.33
Entry Signal: TBC
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Head and Shoulders
Parallel trendlines with embedded head and shoulders 2X in TNXParallel trendlines with embedded head and shoulders inside another set of parallel trendlines with embedded head and shoulders. Rates are set to crash. When bad news becomes bad news, look out below. Overall in the economy, there is too much supply, no where near enough demand. This is the last chance to get guaranteed yields in dollars this high for the next several decades imho.
BTCUSD - Failed H&S - Target 53500It seems that big push to 65500 was just a trap, as expected.
We are still on track with my previous idea forecasting BTC to consolidate around 52000 to 54000 for the next 2 months, until July.
As you can see on the 2H chart, we experienced a failed inverse head and shoulder pattern. Price target is 53500 cents within the next 7 days.
Remember, patience is paramount.
SBUX 10/1/2023SBUX
SBUX has been a volatile stock since 2018, a characteristic that tends to be unpopular among investors. Between April '21 and January '22, the price entered a distribution stage, forming a Head and Shoulders pattern. The breakdown of this pattern, along with a Death Cross signal, marked SBUX's entry into a downtrend.
The downtrend persisted until May '22 when the price found support at around $70. Subsequently, the price experienced a full pullback to the neckline support area of the previous Head and Shoulders pattern.
From December '22 through August '23, the price has been moving sideways, forming what appears to be another Head and Shoulders pattern. There has been a break of the neckline and a Death Cross signal, mirroring the exact price movement observed previously.
Entering trade short
Entry: 91.49
Stop Loss: 100.66, -10.02%
Target #1: 71.00, +22.40%, 2.23 RR ratio
Target #2: 51.36, +43.86%, 4.38 RR ratio
Borsa Italiana tp $48KA return move to previous high's
is what the inverse head 7 shoulders is forecasting.
Which is likely to happen in the next couple years.
30 years to get back to those levels!
An entire generation!
It's why deep capital markets , technology, having the reserve currency $, some financial doping, an entrepreneurial workforce, and degen investor base all combined to push the US market to dizzying heights.
AUDNZD PULLBACK TRADEI am expecting a pullback trade from the current daily support level where the market is now.
If we analyze the 1-hour chart, a head and shoulders pattern has formed, and the pattern neckline has been broken upwards. We will take the trade on the retest.
Buy limit 1.0962
Sl 1.0945
Tp 1.0982 and 1.1002
BRENT. Levels for intraday trading 8.05.2024During the day you can trade from these price levels. Finding the entry point into a trade is up to you, depending on your trading style and the development of the situation.
If you expect any medium-term price movements, then most likely they will start from one of the zones.Relevant to use as a location for installing TP.
Levels are valid throughout the day, the date is in the title. The next morning I adjust the levels based on current data and publish a new post.
The history of level development can be seen in my previous posts. They cannot be edited or deleted. Everything is fair. :)
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Levels are drawn before the European session, based on volumes and data from the CME. They are used as zones of interest for intraday trading. When approaching a level, a “reaction” is expected, which can be traded for both a rebound and a breakout. The worst option is if we revolve around the level in a flat.
Do not reverse the market at every level. If there is a trend movement, consider it as an opportunity to continue the movement. Until the price has drawn a reversal pattern.
TV does not allow publishing timeframes smaller than M15.Reactions to levels and the search for entry points are more convenient to look at M5-M1.
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🚧Bitcoin Needs Correction🚧✅ Bitcoin moved as I expected in the previous post .
💡Currently, Bitcoin has reacted well to the 🔴 Resistance zone($65,650-$64,200) 🔴.
🌊According to the theory of Elliott waves , it seems that Bitcoin has succeeded in completing 5 impulse waves and now we have to wait for corrective waves .
💡Also, we can see Regular Divergence(RD-) between two Consecutive Peaks .
📈According to Classical Technical Analysis , Bitcoin can also form the Head and Shoulders Pattern .
🔔I expect Bitcoin to fall after breaking the Uptrend line , at least to the first 🎯 Target 🎯 I specified on the chart.
❗️⚠️Note⚠️❗️: If Bitcoin can break the 🔴 Resistance zone($65,650-$64,200) 🔴, the scenario will be changed.
❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed.
Bitcoin Analyze ( BTCUSDT ), 1-hour 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.
Update on BTC Inv head and shoulders pattern.As one can see here looking at this chart, the dotted light magenta colored measured move line is more or less being overlapped by the daily 20ma(thin teal line) for double reinforced support and at the current moment the 20ma is maintaining support for now. It wouldn’t surprise me if price eventually wicked below it to retest the inv h&s neckline as support since it never did on the initial breakout above the neckline, but its also fairly probably that the 20ma or dotted measured move line can hold support. We will find out most likely before mid june if there will be any deeper correction before resuming the uptrend *not financial advice*
Disney H&S Developing could fill the gap NYSE:DIS Disney is developing a head and shoulder pattern it could fill the gap if support doesn't step in after earnings. Look for 105-100 as a target if volume doesn't buy in expected Gap Down and gap fill below it couldn't break upper resistance at 124 level either
SELECTMIDCAP: It is not the mid, it is the beginningIt's all in the proof, the proof is the price, the price is what you pay.
I's are yes, Price is perfect, see them to believe them. Don't cry for stop loos hunting, someone from somewhere else shooting, a trap, a hope a la la views.
Carve out, crave out, cut out, and shut out!
Nifty shows the end of 5, this too. A classic blow out top. A failed Inv HnS. We are in impulse wave down as part of the larger ABC correction.
Some of the constituents of this index shown big move, they would continue. Sum of the parts is larger than the whole, that is relevant both up move and down move.
Choice of tools, call writing, put buying or the strategy, or the plain individual spaces, or the futures here.............but the Risk Managment remains irrespective of the tools one chooses.
Don't meddle in the Mid, it is in the beginning..............look at the waves, ride them