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Headandshouldersformation

Trippy! MATIC Head & Shoulders 5 DAY INVERTED CHART!We've been in a bear trend for a while, so we are used to looking at down-trends. So..look at MATIC Polygon in the 5 Day time frame, huge Head and shoulders forming, and if this chart plays out, remember it's INVERTED target is $1.60 the common FIB 0.5 retracement of actually increase. Really Trippy buy if you understand it Matic could have enough steam, but HOT already, Only one or 2 more 5 day periods left before a big marklet cool off, shows in BTC also. REMEMBER INVERTED CHART
COINBASE:MATICUSDLong
by Chefrusty
BTCUSD Pullback to Neckline AccomplishedPrice action pulled back to the dynamic neckline resistance from the major Head and Shoulders in formation. From the chart pattern perspective, this phase can considered a important turn-point, which psychological terms can rise interests for the bearish-side and growth of bearishness of market. In addiction, retroactive Fibonacci retracement potential fractal suggest a 88.6% targe in decline to fill in confluence to the potential double-down correction from this H&S. Classical short setup. In addiction, a strong reaction by buyers HODLers can be expected in a potential bounce from the Anchored VWAP of 2018 low, which is a strong area of interest / equilibrium to fill. If the price breaks-down the demand, a new phase of bearish leg-downwards / collapse can plays-out, which will lead us to a capitulate.
BITSTAMP:BTCUSDShort
by firmestudio
19
USD/CHF: a textbook H&S pattern has been formed. Time to drop?🧙Monitoring the H8 timeframe of USD/CHF, we may notice that a number of confluences has lined up nicely for a short bias. First of all, it can be observed that the price is trading within the borders of the descending channel plotted on the graph. After forming for a whole week, the price has been able to print a nice Head&Shoulders pattern around the area of the upper barrier of the channel. What is more, the neckline of the formed H&S pattern neatly aligns with the 0.618 Fibonacci retracement level and it has nicely been rejected. After some lower-timeframe pullbacks, we are expecting for the price to continue its downside movements and drop all the way down and reach the level highlighted on the graph.
Short
by Investroy
10
GBPAUD I Update - 140 pips to upside and what's next!Welcome back! Let me know your thoughts in the comments! **GBPAUD Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. 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!
by BKTradingAcademy
22
BTCUSD Daily overview on bearishness signsBTCUSD reached supply as it touched the Anchored VWAP at the 2022 high (@alphatrends insight), rejected the 23,000 price area after rising to 23,062 USD, which could be seen as a bull trap and a false breakout of the mother of all trendlines from ATH. This strong resistance combines the major trendline and the VWAP with a neckline of the 2021 bottom. Price action broke this dynamic trendline on June 13, 22 and tested it on August 15, 22; yesterday tested it and failed to break once again. From the point of view of chart pattern analysis, we can consider a massive and complex Head and Shoulders formation in the retracement phase up to the neckline, which can be considered as a partial validation signal, which can arouse more interest on the bear side. Key level for new short positions. If we double down on the head range, we might see a confluence with a Fibonacci retracement from the low of Friday-13-Mar'20 for the ATH, which the 88.6% level calls the 11.4k. Also, from a technical analysis point of view, we have a rare case of bearish divergence on this daily chart, on the RSI (not shown on this chart, but below), OBV, CCI and Chaikin Money Flow and Chaikin Oscillators. Awesome Oscillator analysis on H4: Ehlers Smoothed Stochastic plus Sctochastic Divergence H1 chart: Looking closely, if the price loses local support on a pullback in the regression channel, it is possible that we will see a pullback at least to the breakeven level in the 19k-18k range soon, for a correction of the imbalance. Price action may react positively as bulls identify this area as a buy zone. The lower deviation of the Regression Channel calls the 14k sublevel. Therefore, I see a high possibility that the price will hit the demand zone at 16k sub-levels in a corrective wave. On the other hand, if price holds 17k making a higher low, a sharp pullback could send the price action into a large contraction (triangle) formation. Intraday Triangle: Looking to the daily chart of TOTAL top 125 crypto-coins market cap we can see that the price pulled back to test the upper trendline of a bearish pennant: Psychologically, I think long-term buy-and-hold institutions may have an interest in voluntarily distributing this high level to spot traders so they can buy cheaper. Therefore, any pullback in the area of interest will be massively used by moonbois to inject liquidity. We are at a key point where market sentiment could turn from neutral to bearish. And the best choice, IMO, is to get ahead in short positions. But the scenario can only materialize with the definitions from the opening of the US Stock markets and a reversal from DXY. Mainly, I should keep an eye on S&P500 ES futures. This is merely a technical analysis to improve studies of hypothetical scenarios and not a financial advice. Best regards, Thiago Oliveira @firmestudio
BITSTAMP:BTCUSDShort
by firmestudio
11
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Education
by QuantVue
Third time lucky!!! Buying NatGasTrade Idea: Buying Natural Gas Reasoning: Invesrse head & shoulders on hourly chart at major support level. Posted a bullish hammer on daily. Entry Level: 3.722 Take Profit Level: 4.418 Stop Loss: 3.543 Risk/Reward: 4:1 Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis, as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
OANDA:NATGASUSDLong
by Signal_Centre
1