Get started

Head and Shoulders

Gold Short: Walkthrough of Wave Counts and H&SThis is the video walkthrough of the Elliott Wave Analysis of Gold that I posted 8 hours earlier. I made an update to the head-and-shoulders in this video and discusses the change in neckline. I also discuss about why I chose to label the waves as they are and how they might have been labelled otherwise. In the end, this is still a short call but with the H&S tilt shifted down. I realised that I missed out on how to do the profit target, but please refer to the linked static idea for the profit target and stop loss. Thank you!
TVC:GOLDShort
by yuchaosng
Gold Short: H&S and Wave 3 downOver here, I've labelled all the waves breakdown as well as drawing a tilted head-and-shoulders. I believe that we are going into a wave 3 (minute degree) that is supported by the formation of the right shoulder. I expect the neckline to be broken which will then goes down to the first resistance provided by the lower blue trendline. The next resistance in green will be our first TP target. This is where we can choose to reduce the position, or to adjust the stop loss down in order to ride the position. As the lower target cannot be seen without squeezing the chart and causing the waves breakdowns to be unclear, I will update again when that happens. The stop loss is above the right shoulder. Good luck!
TVC:GOLDShort
by yuchaosng
CAD/JPY Short SetupTechnical Analysis: CAD/JPY has surged to a resistance level around 107.75, which previously acted as a significant barrier. The pair is exhibiting signs of overbought conditions, and a pullback towards 105.50 is plausible.  • Fundamental Factors: The Bank of Japan (BOJ) is expected to announce a rate hike soon, with markets already pricing in two 25bps increases by the end of 2025. This anticipation strengthens the JPY, potentially leading to a decline in CAD/JPY.  • Market Sentiment: Recent statements from the U.S. administration suggest plans to impose a 25% tariff on imports from Canada and Mexico. This development could pressure the CAD, particularly against the JPY, as investors seek safe-haven assets. 
Short
by WisdomTrader_MS
USDJPY: Bearish Outlook Explained 🇺🇸🇯🇵 I see a very bearish price action on USDJPY: The price formed a head & shoulders pattern after a test of a key daily/intraday resistance and violated its neckline and a rising support of a rising wedge pattern. The next strong support is 141.75 It will most likely be the next goal for the sellers. ❤️Please, support my work with like, thank you!❤️ I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Short
by VasilyTrader
1
GBPJPY: More Growth Ahead?! 🇬🇧🇯🇵 For some unknown reason, I received a lot of requests from the members of my free channels to share my thoughts about GBPJPY. Well, from a daily time frame perspective, the pair still looks bullish to me. I do believe that the market has unrealized potential to go higher. A bullish breakout of a neckline of a huge inverted head & shoulders pattern was a very bullish event. It now turned into a strong support from where I will look for buying. The closest resistance is 191.95. It will most likely be the next goal for the buyers. ❤️Please, support my work with like, thank you!❤️ I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Long
by VasilyTrader
1
Massive Head & Shoulders + Death Cross on Big 7A massive head and shoulders pattern is forming on the Big 7 tech stocks (AAPL, MSFT, NVDA, GOOGL, AMZN, META, TSLA). After a strong rally, a death cross (50 EMA crossing below 200 EMA) has appeared, pointing to possible weakness ahead. Short-term concerns: right shoulder is forming now. If it holds, we could see a bounce. If the right shoulder fails, expect sharp drops and potential broader market reversals. Long-term view: markets could still move higher over time, but short-term risks are rising. This setup resembles the 1999-2000 period before the dot-com crash. The AI bubble could be nearing its peak, with current leaders losing strength and new players stepping in. Key to watch: neckline of the head and shoulders and how the market reacts to the death cross. disclaimer: this is not financial advice. for informational purposes only. trading involves risk and past patterns do not predict future results. always do your own research and consult a licensed financial advisor before making decisions.
CBOE:MAGSShort
by dotcom880
4/28 Gold Trading SignalsLast Friday, gold retested the 3260 support zone for the second time. After confirming support, prices began to climb steadily, and our low-entry long positions have already delivered impressive returns. From a technical perspective, the broader structure still resembles a head-and-shoulders pattern, but recently, a double-bottom pattern has formed around the right shoulder, signaling an intense battle between bulls and bears—mainly influenced by geopolitical tensions. Here, I would like to propose a bold yet speculative thought: Could the current turmoil possibly lead to a regime change for Trump, or trigger massive nationwide protests? If such scenarios unfold, it would likely be extremely bullish for gold, potentially pushing prices toward 4000. On the other hand, if Trump softens his trade policies under pressure, it would be bearish for gold, making a decline toward 2800 highly probable. Of course, this is purely my personal speculation, and I don't claim deep expertise in international politics. Focusing back on the technicals: The 3260 support is critical. A breakdown could see prices moving toward the 3245–3213 range, or even lower toward around 3190. Any rebound from there should be carefully watched near the 3260 resistance; failure to break above would suggest a potential further drop toward 3153–3137. If the double-bottom pattern holds firmly, a return to above 3400 this week is highly likely. 🔥 Today's Trading Plan: Sell zone: 3407–3418 Buy zone: 3273–3241 Scalping zones: 3288–3323 / 3386–3344 Manage your positions wisely and stay flexible!
FOREXCOM:XAUUSDLong
by China_MsWang
XRP - Time to buy again!The pattern has broken, and now I expect the price to rise to $3 . AB=CD. Give me some energy !! ✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us. Best regards CobraVanguard.💚 _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Long
by CobraVanguard