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Head and Shoulders

ORDIUSDT: Major Breakout or Breakdown Imminent – Are You Ready?Yello, Paradisers! Have you been watching ORDIUSDT closely? Well, it's showing signs that could lead to a big move! Let's break it down. 💎ORDIUSDT is currently testing a key descending channel and has flashed a Change of Character (CHoCH) towards a bullish market structure. Not only that, but the chart has formed an Inverse Head and Shoulders pattern, which further boosts the chances of a bullish breakout. 💎If ORDIUSDT manages to break above the resistance zone and close a candle above it, this will confirm the Inverse Head and Shoulders pattern, significantly increasing the likelihood of a bullish reversal. 💎On the other hand, if there's a pullback, we could see a bounce from the support zone. However, to confirm this bounce and give ourselves the edge, we’ll need an Internal Change of Character (I-CHoCH) on the lower timeframes. 💎But be cautious. If the price breaks down and closes a candle below the support zone, it would invalidate our entire bullish setup. In that case, it’s wiser to step back and wait for a better opportunity to present itself. 🎖Patience is key here, Paradisers. Remember, only the disciplined and strategic traders make it far. Stick to the plan, and don’t let emotions drive your trades. Stay focused! MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise
NZDUSD: Intraday Bearish Confirmation?! 🇳🇿🇺🇸 Last week, I already made a prediction that NZDUSD will keep falling. Analysing the intraday price action, I spotted a strong bearish confirmation today. Retesting a recently broken structure, the price formed a head and shoulders pattern. Its neckline was violated, confirming a local dominance of the sellers. We can anticipate a down movement at least to 0.6057 ❤️Please, support my work with like, thank you!❤️
Short
by VasilyTrader
1
XYOusdt Trading opportunityXYOUSDT has achieved a magnificent breakout from its downtrend, showcasing a potential inverse head and shoulder formation. The price is currently forming the right shoulder of this pattern, with a broad accumulation zone that can accommodate most of the right shoulder formation. Targets are clearly delineated on the chart, ranging from immediate to final levels. For this setup, I recommend a 25% stop loss and suggest trading on spot to allow for proper room for dollar-cost averaging (DCA) if feasible.
Long
by weslad
1
TWTUSDT: Breakout Imminent or Bullish Reversal in Danger?Yello, Paradisers! 🚨 Is TWTUSDT on the verge of a major breakout, or are we in for a reversal? Here’s why you need to pay close attention! 👇 💎TWTUSDT is showing signs of bullish momentum after forming a double bottom and breaking out of a resistant trendline. Currently we’re seeing the formation of an inverse head and shoulders pattern just below the resistance zone—an interesting development that could hint at a bullish continuation. 💎If TWTUSDT breaks out of the resistance zone and closes a candle above it, this would significantly increase the probability of a bullish move. Watch for that confirmation! 💎In the event of a fall, we could expect a bounce from the support zone. However, to strengthen the bullish case, it would be better to wait for an I-CHoCH (Internal Change of Character) signaling a return to bullish market structure. This would put the probability back in our favor. 💎A breakdown and candle closing below the support zone would invalidate our entire bullish outlook. 🎖Stay patient and disciplined, Paradisers. Wait for the best setups and confirmations, as always. Consistency and careful strategy execution are the keys to long-term success in this market! MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise
EUR NZD - Potential Head & Shoulders Pattern Forming? Taking a look at the EURNZD chart, we may be seeing a potential head and shoulders pattern emerging! This classic reversal setup often indicates a shift in trend direction, typically from bullish to bearish. The left shoulder and head seem to be forming, with the possibility of the right shoulder completing soon. If this pattern plays out, we could expect a potential downside move once the neckline is broken. However, as with any setup, it's important to confirm with other indicators and manage risk accordingly. What do you think? Are you seeing the same pattern, or do you have a different view? Drop your thoughts and comments below! #EURNZD #ForexAnalysis #HeadAndShoulders #TradingPatterns #TechnicalAnalysis
Short
by KinkiHuang
Is BELUSDT Preparing for a Bearish Break or Setting a Trap?Yello, Paradisers! Are you ready for what could be a pivotal move in BELUSDT? This setup is hinting at a potential bearish shift, but let’s look closer to see what could confirm this view. 💎BELUSDT has completed a liquidity sweep and shown a Change of Character (CHoCH), signaling a shift towards a bearish market structure. It has also broken down from its ascending channel and is currently forming a Head and Shoulders pattern, which adds to the probability of a further bearish move. 💎Now, if BELUSDT breaks down and closes a candle below the key support zone, it would validate the Head and Shoulders pattern and significantly increase the likelihood of a bearish continuation. 💎However, if we see a rise from this level, BEL could form a Double Top structure from the bearish Order Block (OB). But it’s crucial to wait for another internal CHoCH towards the bearish market structure to strengthen the probability on our side. 💎That said, if the price breaks out and closes a candle above the bearish OB, it would invalidate our entire bearish outlook. In this case, it’s best to remain patient and wait for a more reliable price action setup to develop before taking any new positions. 🎖Remember, Paradisers, patience and discipline are key. Always wait for confirmed signals before making a move—let the market show its hand, and don’t get caught by emotional decisions. Consistency over impulsivity is the only way to make it long-term! Stay sharp! MyCryptoParadise iFeel the success🌴
Short
by MyCryptoParadise
Alikze »» INJ | Reverse head and shoulders pattern - 12H🔍 Technical analysis: Suspect an inverted head and shoulders pattern - In the analysis presented in the 12-hour time frame, it was mentioned that in case of selling pressure in the range of $25, the correction will continue until the Fibo range of 1.618 in the range of $18.75. - It is currently moving in an ascending channel. - It has faced selling pressure in the middle of the channel. - Due to the formation of the inverted top pattern, in case of breaking the Fibo 1.618 and stabilizing below the 18.75 area, the correction will continue until the liquidity area and the origin of the movement. - Therefore, according to the zigzag correction structure, this correction can extend to the liquidity area and complete the correction leg C in the specified areas. 💎 Alternative scenario , if it stabilizes in the range of 18.75, it can grow to the middle of the channel in the first step and then to the range of the supply area of ​​$25. »»»«««»»»«««»»»««« Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support. Best Regards,❤️ Alikze. »»»«««»»»«««»»»««« BINANCE:INJUSDT
Short
by alikze
CHZUSDT: Is a Major Bullish Reversal on the Horizon?Yello Paradisers! Are you ready for what might be a big move in CHZUSDT? It’s starting to show some strong bullish signals, and missing this could be a mistake. 👀 💎CHZUSDT has displayed a Change of Character (CHoCH) along with a Break of Structure (BOS), pointing towards a bullish market structure shift. Additionally, the formation of an Inverse Head and Shoulders pattern is further boosting the probability of a potential bullish move. 💎But here’s the crucial part! If CHZUSDT breaks out and closes a candle above the resistance zone, it will validate the pattern and increase the probability of bullish move. 💎In case of a pullback, we’re looking at the strong demand zone as a potential bounce area. However, we’d prefer to wait for an Internal CHoCH that realigns the market structure into bullish territory before making any moves. This confirmation would enhance the probability in our favor. 💎On the flip side, if CHZUSDT breaks down and closes below the strong demand zone, it would invalidate the entire bullish setup. At that point, it’s wiser to step back and wait for a clearer price action to develop. 🎖Patience and discipline are key here, Paradisers. Wait for the best setups, and don’t rush into trades without solid confirmation. Trade smart, and stay ahead of the crowd! MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise
Arm Holdings (ARM) - Head and Shoulders Pattern, Target $78-$94Overview: Arm Holdings (NASDAQ: ARM) is forming a classic Head and Shoulders pattern, a bearish reversal pattern that signals a potential drop in price. The pattern is visible with a left shoulder, head, and right shoulder clearly defined. The neckline support is around the $140 area. Technical Setup: Pattern: Head and Shoulders Breakdown Level (Neckline): ~$140 Target Zone: $78 - $94, as projected from the height of the head to the neckline Key Resistance: $164 level (former high) Earnings Catalyst: With earnings approaching, the release could act as a potential catalyst to expedite the completion of this pattern, either causing a breakdown below the neckline or a temporary rebound before further selling pressure. Price Action: A breakdown below the neckline could see the price falling to the target zone of $78 to $94. Watch for any bounce around the neckline, which might offer a better risk/reward entry on confirmation of the pattern's completion. Risk Management: A daily close above the right shoulder (~$148) would invalidate the pattern and warrant a reevaluation of the setup.
NASDAQ:ARMShort
by Killahherb