AUD/USD BEARISH PRICE ACTIONDo you see what I see?. A beautiful Head and shoulder in the day chart. This is a long term trade. So be patient. Soon or later the price will reach to the bottom 0.6300.
Sell AUD/UDS.
Safe trade!
Headandshouldersformation
Bearish on Bajaj AutoBajaj Auto (NSE Ticker: BAJAJ_AUTO) is forming two back to back bearish patterns on the hourly chart.
First bearish pattern: Broadening formation
Second bearish pattern: Head & Shoulders
We see high probability of fall in price in the coming days toward measured move and 200SMA target of 4410.
SPX Daily Gap, H&S formed if filledThere's a gap on the SPX daily chart. If the gap fills it will put us right near the daily 200MA and complete a bearish Head and Shoulders formation, which would have a target down near the Oct lows.
BITCOIN : NGL Looking Bearish 😐 Hi Traders, Investors and Speculators of Charts📈📉
Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year 🏫
From the short term / daily perspective, Bitcoin has turned bearish. These reasons are pointed out on the chart, including a few very clear chart patterns. There are a few things I can think of that may be causing this short term selloff:
👉 Market Correction: Cryptocurrency markets are known for their volatility, and periodic price corrections are common. After experiencing a significant surge in price, it is not uncommon for investors to take profits, leading to a temporary decline in the price.
👉 Regulatory Concerns : Government regulations and policy decisions can have a significant impact on the cryptocurrency market. Negative news regarding regulatory developments, such as increased scrutiny, potential bans, or stricter regulations, can lead to market uncertainty and a decrease in investor confidence. Regulatory actions in major economies can create selling pressure and contribute to a downward trend in BTC's price.
👉 Whales whaling around, causing an even larger sell-off as the price of BTC drops and Technical Indicators turn bearish on the daily
I t's important to note that I'm only short until FWB:25K , at which point a bounce is possible.
If you missed it, here's an earlier analysis regarding this exact support zone and it's importance for the price of BTC :
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BINANCE:BTCUSDT COINBASE:BTCUSD BITSTAMP:BTCUSD KUCOIN:BTCUSDT BYBIT:BTCUSDT INDEX:BTCUSD BITFINEX:BTCUSD KRAKEN:BTCUSD PHEMEX:BTCUSDT
🔥 PEPE Potential Inverse Head & Shoulders: Bottom Is In?After a massive decline, and corresponding pump from the 100 area, PEPE has yet again found resistance around 210 (omitting the zeros for readability).
I think that the bottom is in, for the short-term at least. Potentially, PEPE will form an inverse head & shoulders pattern, which is a bullish reversal pattern.
Ideally, the price will move back towards the yellow area, which is the same area where the left shoulder bottomed las week.
If the yellow area holds, the probability of this pattern playing out increases by a lot. Patient bulls will wait for price to break through the neckline around 210. Aggressive bulls will buy in the yellow area.
#BTC top in place BACK to $16kWith the greater market at a knife's point and the US economy waiting for something else to break and recession to kick off, are we going to see Bitcoin back at the $16k level before year end?
Catching a big wave down on CADCHFCADCHF is in a downtrend.
However last week we saw a big move up which is about to end.
The pair has a big H&S in 1 hour chart.
There is divergence on the RSI.
We can expect a big fall once the trend line is broken.
If Bitcoin Breaks this Neckline, We will see $25,200 again soon!Head and Shoulders pattern. Now on the neckline. If it breaks, 25,200 is definitely in the cards sooner rather than later. And, from a technical perspective this would be both beautiful and extremely bullish Bitcoin! You all know I have been anticipating this retest for over 5 weeks now. Let's see if we can achieve what would become a gloriously bullish retest of that C&H neckline!
Stew
P.S. - Those who follow me know that I have entered a few altcoin trades long today. Unfortunately, DropsTab is having backend technical issues authenticating to Google today, so I have been unable to update my DT port as of yet. Spreadsheet should be up to date though. We are 16 for 16 of the last long trades. Let's put a few more wins in our belts and keep it flowing.
BANK OF AMERICA HEAD N SHOULDER TOP The chart posted is that of BAC we had what seems to be a rather classic head n shoulder top so if the over all market is going to hell as I stated in the forecast dec 2021 why does everyone WANT and Need to trade the long side ??? I have lived thru NINE BEAR MARKETS and have traded since 1972 when I was in high school. I have managed funds since 1990 .So if you all seem the need to be compulsive to trade . it sound like a few of you Think you are going to MISS OUT . Relax !! To make $$$ you may miss alot of trades but there is always another day !! I told you the FED is going to reduce the balance sheet if they are to keep the Credibility inflation must break 3.2/3.6 core by year end. Best of trades WAVETIMER
BTC 1W hidden Head and Shoulders pattern shown on 2h Looking at the weekly chart, I noticed a clear H&S pattern on VWAP. VWAP is an intraday indicator, but it can show a pattern in larger frames, like now.
I was trying to find a way to draw and measure it clearly on commonly used timeframes, but it is most apparent on a 2h chart.
As you can see on VPVR on the right, the neckline is below the 27100 resistance, and if it breaks it, there is a gap down to 25100. But the full potential of the pattern targets 23100.
On my trend wave indicator, the weekly trend reached a local top on the 17th and turned bearish at the +60 line. Right now, it is right above the +50 line.
That area often acts as support and resistance. And here on 2h, the trend is reversing right above the zero line, which is also strong support.
Still, since this timeframe is not usual, this could also mean that trend is being rejected from it.
The chart is bearish. Volume is low.
But the price is what it is. Trade with the trend. But it doesn't hurt to be prepared. Right?
Is $EBAY Completing a Bearish Head and Shoulders Top?Is NASDAQ:EBAY Completing a Bearish Head and Shoulders Top?
The monthly chart is pretty close to completing the right shoulder in what looks to be a bearish Head and Shoulders formation.
Measuring from the top of the head down to the neck line would put the price target down to $3.00 and change.
It will be interesting to continue to watch what the 14 RSI does as it approaches 50, which is usually a resistance point in downtrends.
Hard to say if it will go that low, or if the right shoulder will even complete the bear flag it is in the middle of right now.
ETH - Bigger drop to 1500$ coming! After thorough analysis, it is apparent that the price of ETH has developed a Head and Shoulders pattern. In the event of a breach below the neckline, a substantial downward movement is anticipated. It is therefore advisable to closely monitor the neckline for any such movement.
Furthermore, based on the strong correlation between BTC and ETH, it is expected that the latter will follow a similar trajectory as the former. Given the likelihood of BTC decreasing from its present levels, ETH is expected to move downwards as well. Thus, it is reasonable to anticipate that ETH will break below the neckline and experience further downward movement.
With regards to BTC:
it is evident that the price got rejected from the bear market downtrend resistance! There is a possibility that the recent bear market rally has come to an end. The rejection from the downtrend resistance is indicating a potential move to the previous bottom of $15.5k. This notion is consistent with the concept of the price following a pattern reminiscent of the 2021 summer period!
Furthermore It appears that the current market period is unfolding similarly to the one observed in 2021. If this trend continues, it is likely that the market will experience a downward movement, potentially leading to a decline in value to 13.5k.
While it's true that history doesn't necessarily have to repeat itself, it is often observed that historical patterns tend to rhyme with the present.
In conclusion, it is anticipated that the price will continue to exhibit a downward trend, with a likelihood of revisiting the 15k level in the future.
2 Quasimodo Reversals - Small and Large timeframeshere are 2 quick little quasimodo reversals on #UJ here.
Smaller one in yellow outlines the inverse bullish move with entries on lower time frames.
Larger quasimodo (green) follows a larger move that could pull this down a bit before a continuation upwards.
NVT - Angled H&S An idea for NVT showing an inverted H&S on an angle
This is within a large broadening wedge or megaphone shown with the triangle.
I expect this to break down and allow the right shoulder to form.
Potential Quasimodo Reversal hereSecond shoulder wicked above the first shoulder high so may be invalidated but heavy rejections off this shoulder could mean a little reversal here.
#ICX coin #hodl_signal with great profitsmy idea is in forming amazing pattern
Head and shoulders pattern
Coin : ICX_usdt
Frame : Weekly
Buy zone : Among Green line
Targets : Violet lines
ARE - Head and Shoulders CountA pattern count for a head and shoulders pattern
(1) being the shoulders, with an extra little shoulder pattern inside the larger structure
and (2) being the head.
A bearish pattern.
ADAUSDT Potential Head and ShouldersPotential Head & Shoulders chart pattern for ADAUSDT. The price action will fall to the demand zone. TP @ 14.6% key level of Fibonacci retracement. I'm interested in long till right shoulder logical peak @ the newer local supply expected. Chaikin Money Flow oscillator hidden bearish divergence plus ESCGO_LB in overbought condition.
🔥 ADA Inverse Head & Shoulders: Retest Into Bullish Move?Over the last half year or so, ADA has been following an inverse head & shoulders pattern. Classically, inverse H&S patterns occur at the end of bearish trends.
As of a couple days ago, ADA has broken out of said H&S pattern. However, with BTC trading bearish today, ADA has gone for a retest of the neckline.
Theoretically, we can reverse from here and burst upwards. However, without BTC going up ADA will go nowhere.
If BTC flips bullish/neutral, ADA might see a big bounce from today onwards, else we're just going down like the rest of the markets. A daily candle close below the neckline would be an invalidation of this pattern.
In case we reverse, targets in blue.
DXY Head And Shoulder Pattern Bearish pattern that will be confirmed once dollar index moves below 100, then look out below to target 97.5 by end of Q2
MY THOUGHTS ON GBP/USDIn my analysis of GBP/USD on the DAILY Chart , I forecast that price is moving toward the weekly supoort price of $1.34533. In this analysis, I utilized spport and resistance and chart patterns. FX:GBPUSD
MY THOUGHTS ON GBP/USDIn my analysis of GBP/USD on the WEEKLY Chart, I forecast that price is moving toward the weekly supoort price of $1.2029. Looking at the Head and shoulders formation of the chart, we would look at the retest,but price is rejecting the resistance level and moving bearishly. In this analysis, I utilized spport and resistance and chart patterns. FX:GBPUSD
TSLA: The Key Points We Should Watch From Here.• TSLA stock is trying to do a bullish reaction, after yesterday’s crash, but it is still under important resistance levels;
• As long as TSLA remains under the 21 ema + 186 (red line), no bullish scenario will materialize;
• Only if TSLA breaks these resistance levels we might see something new, otherwise, the bearish sentiment will persist and in this scenario, the 186 is our next target.
• In the daily chart, TSLA did a powerful bearish candlestick under the 21 ema;
• As mentioned before, the 176 is the next support level on it. If TSLA loses the 186, it’ll trigger a clear bearish pivot point, or even an inclined H&S chart pattern, indicating that the long-term trend will remain bearish;
• Therefore, the 176 is a critical support level, while the area around 186 is a critical resistance;
• On the other hand, if TSLA breaks the 186 area, we might see another rally;
• Last week TSLA did a Hammer candlestick pattern, which is a bullish reversal pattern 60% of the time, and hit its target around 88% of the time (Bulkowski, Encyclopedia of Candlestick Charts);
• It all depends on how TSLA will react around these key points from now.
I’ll keep you updated on this. Remember to follow me to keep in touch with my daily analysis.
