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Head and Shoulders

GTLB Bullish Trading IdeaDisclaimer, these ideas are for my records of what I see in the market after taking a trade. It will help me document the reason of why I took the trade so I can have a track record. And as such, this is not a financial advice. Wyckoff was marked on the monthly timeframe. For me, GTLB is doing wyckoff accumulation and I've marked the zone I'm waiting for the price to reach so I can buy. Hopefully it delays there 1 or 2 months so I can get more capital to invest. This is a long term investment for me.
NASDAQ:GTLBLong
by jask_skull
USD/CHF (dollar-franc): a detailed technical orchestrationJudging by the Daily-timeframe build-up, we might imply that the price has nicely tapped into the liquidity region laying above the right shoulder of the recently formulated Head&Shoulders pattern, and now we are observing bearish moves in the destination of two zones - the pattern neckline and the 0.888 key level. Upon reaching the pattern neckline (0.9 region), we will be observing price behaviour before taking further action. If we are able to witness some rejections, then, there is a high probability that the 0.909 region will be re-visited for a re-touch (break+retest formation) before further bearish moves resume and, potentially, drive the price in the destination of the 0.888 level. On the other hand, if no signs of a bounce are printed on the 0.9 zone and the break is evident, then, the price will have enough potential to keep dropping till the 0.888 region. All in all, we recommend to have eyes on the day-to-day development and make decisions with no rush. Hope this idea is of help!
Short
by Investroy
Flare has 1 daily candle close above the invh&s neckline. Fairly big candle that closed above the neckline too and the bigger the candle the higher the probability that it can flip that neckline to support. However we all know how often price action will fallback below an invh&s neckline before the real breakout occurs, so for now there is no confirmation or validation that flare has broken up from this pattern just yet. We should know within the next 2-3 daily candles if its gonna breakout now or if its gonna go back under the neckline though if I had to guesstimate. Should it validate the breakout here, the breakout target is around .37 cents. *not financial advice*
COINBASE:FLRUSD
by DrDovetail
11
DOGWIFHAT #WIF NEAR TERM is TARGETTING $4.06-$4.33Per a inverse head and shoulders pattern that CRYPTOCAP:WIF is just now challenging the neckline. Overall the structure that WIF has laid down these past few months suggests a wonderful surge in prices that could see WIF getting close to the $10 zone #Memecoins are so powerful and make up a huge portion of the crypto sector. It is safer to allocate to the new and LARGE coins that have deep liquidity and bug 24 h volume that the brand new coins which most retail gamble on and and end up walking away with nothing buy sob stories.
CRYPTO:WIFUSDLong
by BallaJi
PepeCoin (OG) ready for a big movePepeCoin (PEPECOIN) is showing strong bullish signals with the formation of an inverse head and shoulders pattern on the daily chart, suggesting that PepeCoin might be gearing up for a significant move upwards. Current Price and Market Context: As of the latest data, PepeCoin is trading at approximately $5.75 USD. This marks a substantial recovery from its recent low of around $4.56 USD a week ago. Over the past couple of days, PepeCoin has surged by over 13%, with a trading volume of $3.24 million USD, highlighting strong buying interest and momentum. Support and Resistance Levels: Key support is established around $4.95 USD, with immediate resistance at $5.82 USD. A successful break above this resistance could see prices testing higher levels, potentially retesting its all-time high of $7.57 USD. With the inverse head and shoulders pattern and strong recent performance, PepeCoin looks poised for a potential breakout. Traders and investors should watch for a confirmed breakout above the $5.82 USD resistance level. Keep an eye on trading volume and broader market trends for additional confirmation of this bullish move. Other Considerations: BasedAI, developed by Based Labs, is an innovative project integrating AI and blockchain technologies to enhance data privacy and computational efficiency. It introduces "Brains," which are distributed containers for executing large language model (LLM) tasks, leveraging PepeCoin for their acquisition. Users can acquire these Brain NFTs by burning or staking PepeCoin, which in turn enhances the coin's utility and value. According to the BasedAI whitepaper, 80% of the entire PepeCoin supply will be burnt when all of the brains are minted.
Long
by ckarling
2
GOLD - Will double in price in a few years! (cup and handle)GOLD is at its all-time high levels and will continue in the price discovery action. Why? On the chart, you can see a cap and handle formation that is currently breaking out on the monthly chart. This is a huge event for gold, and therefore the price can double in a few years from now. Does it mean that we will see a multi-year bull market? Definitely yes. This cup and handle formation is fully confirmed. The monthly candle closed above the neckline of this pattern with a bullish engulfing candle.  How to trade? If you are an investor, simply buy gold and hold, you can expect a pretty good and reliable return in a few years. If you are a swing trader, I recommend trading with the trend and going for buy/long only strategies. Do not short gold on futures, as it will lower the probability of success. And if you are a day trader, also focus on long-only strategies, and you can potentially short GOLD, but only with limit orders that you put above the current price. Avoid trading bearish breakouts, as they tend to take liquidity (stop losses) and reverse.  What is the profit target for gold in 2026 or 2030? There is no historical price action, so to determine our profit targets, we need to use the Fibonacci extension tool and Elliott Wave theory with simple trendlines. On the chart, you see my Fibonacci projection (wave 1 -> wave 2). Usually, the market tends to react to the 1.0 extension, the 1.618 FIB extension, and the 2.0 extension. These are strong levels, but only for a short-term bounce. As my title says, I am expecting a huge bull market, so do not forget to follow my account to stay updated! Let me know what you think about my analysis, and please hit boost and follow for more ideas. Trading is not hard if you have a good coach! Thank you, and I wish you successful trades.
OANDA:XAUUSDLong
by Xanrox
29
BTC potential IH$S - If 60k bounce: 71k target BINANCE:BTCUSDT 4H Analysis NOT FINANCIAL ADVICE TL;DR BTC continues moving downwards towards the 60k mark. A bounce there would validate the IH&S pattern and open the way for a W3 to 71k. We have a lot of confluence: On top of being the right shoulder of the IH&S pattern, a retrace to 60k would be 0.618 fib of the last leg up We are seeing some support from the 50VWMA (yellow), very close to the 60k mark (currently 60.7k) TD Sequential just printed a perfect Buy Setup (red M9), indicating a potential reversal. You can see on the chart how accurate its previous signals have been RSI is nearly oversold (currently ~35) Both the MACD and its signal line are in the negative. Once we have a crossover, the further below 0 it happens, the stronger the reversal confirmation will be
Long
by AliferCrypto
1
ETHEREUM / DXY chart is telling us something.That we can expect new High's on this ratio But not to expect the kind of run that ETH experienced last cycle obviously . Going from $88 to near 5K was a barn stormer of a Bull run a 50X !!! If this continuation head and shoulder plays out The linear projection would give us a 7.5X Whilst the log target suggests 18x A match for what #BTC did last cycle ... interesting right. Thisis still impressive for a mature network and should provide plenty of fuel for the #altcoins
COINBASE:ETHUSDLong
by BallaJi
3