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Headandshouldersformation

XAUUSD : Head and Shoulders PatternTrading Setup: A Trading Signal is seen in the Gold XAUUSD h4 Traders can open their Sell Trades NOW ⬇️Sell Now or Sell on 2740.8 ⭕️SL@ 2763.8 🔵TP1@ 2686.5 🔵TP2@ 2660.1 🔵TP3@ 2586.1 What are these signals based on? Classical Technical Analysis Price Action Candlesticks Fibonacci RSI, Moving Average , Ichimoku , Bollinger Bands Risk Warning Trading Forex, CFDs, Crypto, Futures, and Stocks involve a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. If you liked our ideas, please support us with your likes 👍 and comments .
OANDA:XAUUSDShort
by pullbacksignal
Multi-Timeframe Insights and Potential Reversal Points!OANDA:XAUUSD Multi-Timeframe Analysis (2Hr - 4Hr) 1st - Falling Wedge (2Hr) 2nd - Head and Shoulders (4Hr) 3rd - Bearish Divergence (Daily) 4th - Extreme Overbought (Weekly) 1 - Falling Wedge Pattern (2-Hour Chart) On the 2-hour chart, we identified a falling wedge pattern suggesting potential price movements. Initially, the price may decline from the breakout line, potentially reaching the 2724 - 2714 range. After reaching this level, we expect a bounce towards 2754 - 2762. If the price falls from the breakout line and reaches 2714 - 2724, it’s important to closely monitor the 4/8 Murray Math Level (MML) at 2734 during the bounce, as this Major Resistance level could cause a decline. Falling Wedge Target: 2783 However, around 2754 - 2762, prices may face resistance as the Head and Shoulders pattern completes, potentially signaling a reversal point. 2nd - Head and Shoulders Pattern (4-Hour Chart) On the 4-hour chart, the left shoulder and head have completed, with the right shoulder partially formed. After the right shoulder completes, we anticipate a potential drop towards the neckline, which lies between 2724 - 2714. Should this level break, the Head and Shoulders pattern projects targets at 2675 and further down at 2656. 3rd - Bearish Divergence (Daily Chart) Daily chart analysis reveals a bearish divergence, signaling a possible downside. Bearish divergences often indicate weakening momentum and could precede price declines. 4th - Extreme Overbought Zone (Weekly Chart) On the weekly chart, prices are currently in the extreme overbought zone, which historically hints at a likely correction. Traders should watch for signs of price weakness at these elevated levels. Key Levels to Watch; Resistance: • 2783 • 2773 • 2762 • 2754 Support: • 2734 • 2724 • 2714 Price Targets; Falling Wedge Price Targets: • 2783, 2754, 2762 Head and Shoulders Price Targets: • 2734, 2724, 2714, 2675, 2656 ⚠️ Note: This analysis is intended for informational purposes only. Please use appropriate risk management. Happy Trading! 🚀
OANDA:XAUUSD
by SpicyPips
Hey SPYLOVERS here are 3 Scenarios for this week check it out...Another week analyzing SPY's behavior correctly as we planned. I’d like to invite you to review my previous analyses of the price movements throughout the week, so you can see that I base my strategy solely on price action and institutional supply and demand concepts—simple methods that the price has respected. In this case, we won’t be seeing historical highs anytime soon. I believe we’re in a pullback where we need to monitor closely to see if the price might return to the order block I have around $563.60. This area is significant because it’s where the highest concentration of orders in the market is currently positioned. If we look at the last candle SPY closed with, although it ended higher than the previous one, it’s still showing selling pressure, so we’ll likely continue on the path of selling for a few more days. The key is to analyze the next move the price makes when it touches the order block: Here are 3 possible Scenarios. Scenario 1. If the price reaches this zone ($563.60), it might dip a little further as a fake-out before bouncing back strongly. Here, we need to pay close attention to the candlestick pattern that appears in this area. Scenario 2. If it respects the order block but doesn’t bounce with enough strength, we might be witnessing a Head and Shoulders pattern forming, which could later bring the price to the inflection zone (the blue middle area). Scenario 3. If the price breaks my order block with strength and volume, then we’re validating a CHoCH (Change of Character), where we could see the price move to the inflection zone (the blue middle area). No matter what happens, remember to always watch the candlestick pattern and the volume. That’s the main fuel behind the price's strength, and analyzing it this way will make your analysis more accurate. Thank you for supporting my analysis. TRADE SAFE! Best regards.
AMEX:SPYShort
by RocketMike111
3
Bullish End of Year?This chart shows the price development of Alphabet (Google). Since reaching its high in July, the stock has been in a downward correction. However, it now appears that this correction may be ending. The price has formed a higher low, which could serve as the right shoulder in an inverse Head & Shoulders pattern. Additionally, the SMAs are bullishly aligned once again. If the price breaks above the 38.2% Fibonacci level, I anticipate a bullish move toward the end of the year.
NASDAQ:GOOGLong
by p4917
2
Gold's Hourly Chart - M_Top Breach @ 2513.25 - Recovery? Hello, I was saying all week that the USDX was going to be strong in it's recovery from selling off the past few weeks. I didn't think the economic data was all that bad during Friday, I think the damage set-in once the USDX started to rally on the retest and close above 101.50. As the NY session opened on Friday I saw a lot selling of the Gold-price as the USDX was making a sustained rally above 101.50 and then it skipped back under this level and buying of the Gold-price started to occur but it was a bull-trap. The Gold market sold off and as can be seen on the hourly chart a breach below 2513.25 and the selling intensified. It is always harder to navigate in real time, I get it. You can see here on the hourly that the 200 EMA is starting to slope down and the 9 EMA is about to cross it. But it's not all bad. When Asia opens on Monday there is a bullish Head n Shoulders that has formed on a 5 minute chart. (Please see below). Indications are that this will retest and execute taking the market higher. However, for the market to recover, buying will have to continue following this pattern to keep the Gold price above important key moving averages. Otherwise, this 5M pattern will play out bullishly for a time and the Gold price could sell off again. The Gold market got its liquidity during Friday, so lets see where price goes.
EIGHTCAP:XAUUSD
by Easy_Explosive_Trading