Head and Shoulders
WHY USOIL MIGHT CRASH TO $50 BEFORE 2025(LONG-TERM ANALYSIS)From our top down Analysis last month of June 8th 2024 I gave the overall market flow of the TVC:USOIL you can the multiple head and shoulders pattern form signaling an end to the bullish trend form on a monthly timeframe. We might see further downside once this trend Retraced back into that yellow zone. Profit target $72 - $64/barrel
WATCH FOR NEXT BIG MOVE FOR DOW JONES COMING DAYS!!🚨 US 30 HIGH PROBABILITY BUY SETUP SOON 🚨
* Here We Can See Clearly The Next Potential Move For Dow 30 In Coming Days.
* Here We Can See Clearly US 30 Is Forming Inverse Head & Shoulder Reversal Pattern.
* Keep Your Eyes Close On Your Trading Positions.
* Happy PIP Hunting Traders.
* FXKILLA *
ADD DARK MAGA $DMAGA on to your WatchlistInteresting structure
and action on this S coin on #solana
Elon very briefly changed his X pfp to the dark maga colours
if thats all you need for a fundamental reason ... thta's a pretty good one
But on a technical level we have a higher low
let's see if it can break through that key level and form. large inverse head and shoulders
COIN…..retesting 200MA…..possible inverse Head & ShouldersI think it may be time to buy the dip on NASDAQ:COIN as equities grow more and more risky everyday. Current politics, inflation, and consumer sentiment has weighed heavily on the market. I believe we could see a nice rally in crypto throughout the remainder of August.
EURUSD Analysis==> H&S patternEURUSD reacted well to the Potential Reversal Zone(PRZ) and Heavy Resistance zone($1.1185-$1.098) .
According to the theory of Elliott waves , it seems that EURUSD has succeeded in completing five impulsive waves , and we should wait for EURUSD to decline .
From the point of view of Classical Technical Analysis , it seems that Head and Shoulders Pattern is likely to form.
I expect EURUSD to continue to decline, at least in the Support zone($1.0885-$1.0860) .
Euro/U.S.Dollar Analyze ( EURUSD), 1-hour Time frame ⏰.
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Bearish Signals on AluminiumAluminium versus the USD (ticker: XAL/USD) has traded southbound since reaching a high of $2,800, limited between a descending channel (extended from $2,800 and $2,475).
Adding to the bearish vibe, price action manoeuvred below trendline support, taken from the low of $2,110, and retested the underside of the ascending line to form resistance. What also might interest technical analysts is the head and shoulders top pattern (head at $2,800), which was completed in mid-July (neckline breached). Price has yet to reach the pattern’s profit objective at $2,131, therefore, further underperformance could be seen for the base metal this month. In addition to this, you may acknowledge the potential for a bearish pennant pattern to form (drawn from the high of $2,321 and $2,206).