ETHERIUM BUY OPPORTUNITYIt appears that the market has formed an inverted left shoulder of consolidation/ support and resistance .. also an inverted head was formed .. wait for market to break in , close, retest and buy the market..
Headandshouldersformation
LOOKS LIKE DXY IS READY TO REVERSEIt has appeared that a left shoulder has formed, as well as a head, wait for market to break in, close, retest then take the sell opportunity..
HEAD AND SHOULDERS BUY AND SELL OPPORTUNITYThe market has appeared to form a left shoulder & inverted left shoulder of consolidation/support and resistance. The market then broke out of both support and resistance forming a Head and inverted head .. wait for market to break in, close, retest resistance and sell to support, then buy once market retests support.
BTC_USD(Potential Head And Shoulders)Potential Head And Shoulders formation on Bitcoin chart..short trade.Risk reward ratio 2.5
CADCHF - Price approaching a major support zoneCADCHF has being bearish for a while and currently approaching a support zone correctively which indicates the existence of few sellers at that level. I will be looking for a possible reversal with either a chart pattern or candlestick confirmation .
EURAUD forming reversal pattern on 1 hourEURAUD forming reversal pattern of head and shoulder on 30M and 1H timeframe . If it breaks neckline with volumes it will be going downwards to 1.53000.With proper stop loss traders can take a short sell ride from here
TSLA - Head and ShouldersPossible head and shoulders play. The play is coming off of a downtrend. we can possible see TSLA bounce up from here so you can go long or take calls if your playing options.
BARC to break from IH&S.Barclays - 30d expiry - We look to Buy a break of 152.62 (stop at 145.44)
We are trading at oversold extremes.
A bullish reverse Head and Shoulders has formed.
Short term bias has turned positive.
Prices have reacted from 132.06.
A break of the recent high at 152.22 should result in a further move higher.
Our outlook is bullish.
Our profit targets will be 170.78 and 175.78
Resistance: 151.00 / 160.00 / 170.00
Support: 143.00 / 140.00 / 132.00
Disclaimer – Saxo Bank Group.
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BTCUSD - short term upside potentialBITSTAMP:BTCUSD has been trading in a downtrend for quite a while and had many investors worried. It is still in an overall downtrend but looking at lower timeframe, it seems to have stalled for now and looks like it could make a short upside move if it succeeds in breaking the resistance level.
On a daily timeframe, price is consolidating near the resistance level 17240. Volume is also gradually decreasing.
On 3H timeframe, price is making a triangle pattern and almost ready to breakout from it. You can also notice reverse head and shoulder structure and upside price moves with volume spikes. It indicates a presence of demand and we could see a nice short term move up to 18150.
Share your thoughts in the comment sections. Happy and safe trading! :)
$FTSE - Where to next? Longer term.$FTSE - Where to next? Longer term.
Here's a look of what could happen with the ftse going forward.
Technical view:
Got a stocks and share ISA? Take advantage of the great price points. As we are getting towards end of the year adjusting portfolio and to seek out further long term positioning. One specific instrument I have been looking at is the FTSE - Any pull back towards 700-630 - I will be buying the dip! The same principle goes for various other indices as well. FTSE - Inverse H&S if we break below 620 - this idea is no longer valid. I will be taking into considerations fundamentals as well.
Not Signal Provider or Investment Advice
GBPNZD Forming Inverse Head And ShouldersPossible formation for inverse Head and Shoulders on 1H chart.
XRP H&S on the weeklyRather nasty looking head and shoulders forming on the weekly XRPUSD chart. Let’s see what the next few weeks hold but I am looking to enter a sizable long position at .20
EURO! Inverse H&S EURO! Inverse H&S
Euro, inverse Head and shoulder pattern! Lets see how this plans out - be careful of fake break out and end of month flows!
Have a great week ahead,
Trade Journal
#Head&Shoulder chart pattern in action
Head and shoulder definition: A simple head and shoulders top formation is characterized by a peak representing
the left shoulder, followed by a higher peak which is referred to as the head of the formation. A lower peak representing the right shoulder is found on the right‐hand side of the head. The head should be the highest peak in the formation. The neckline is a trendline that connects the troughs that lie on either side of the head. Necklines may be horizontal or inclined which in our case is inclined. In an inverted head and shoulders formation (also referred to as a head and shoulders bottom), the head is the lowest
trough within the formation.
Head and shoulder pattern completion: The head and shoulders formation is completed with a valid breakout of the neckline Until a valid penetration has occurred, the formation is regarded as merely tentative. But as you can see in our case the pattern is completed since we can see upside breakout of the chart pattern neckline.
Head and shoulder pattern target: The minimum one‐to‐one price objective or target for a head and shoulders top formation is simply the vertical distance between the head and the neckline projected downward from the neckline breakout level. For an inverted head and shoulders formation, the vertical distance is projected upward from the neckline breakout level. You can see this vertical line in the chart.
Head and shoulder pattern entry:
■■ Short at a break of the right shoulder’s uptrend line with a stop placed above the right shoulder or head (see Point 1 in Figure 13.9)
■■ Short at the peak of the right shoulder with a stop placed above the right shoulder or head, especially when there is a significant resistive confluence comprising of significant Fibonacci retracement levels, Floor Trader’s Pivot Point levels, and
psychologically important price levels associated with double and triple zeros
■■ Short at the right shoulder when it is testing the left shoulder’s resistance level, with a stop placed above the resistance level or head
■■ Short on a valid penetration of the neckline with a stop placed above the neckline, right shoulder, or head (see Point 2 in Figure 13.9)
■■ Short on a retest of the neckline after a valid penetration with a stop placed above the neckline, right shoulder, or head (see Point 3 in Figure 13.9)
■■ Short on the penetration of the price associated with the trough created by the retest action, with a stop placed above the trough, neckline, right shoulder, or head (see Point 4 in Figure 13.9)
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Source: the handbook of technical analysis by Mark Andrew Lim
Trend Reversal in EURUSDA possible head and shoulder pattern is forming on hourly chart of euro against dollar. This might indicate possible bearish trend reversal in the pair.
DAX Short - High Probability Current Macro Environment is very bearish:
Inverted Yield Curve :> showing that Market Participants are forecasting that rates are being cut in the future
Purchasing Manger Indexes are at contractionary levels - combined with the current situation in the money market - I do not expect that the real economy is going to relief from here
Current Technical Analysis is very likely to turn:
We are sitting at the golden pocket, range high and are currently forming an rounded top
I am expecting an fakeout H&S with early shorts getting stopped
Even if we have already formed an bottom - it is very unlikely that we go trough this level without an rejection
I am expecting at minium that we are able to take at least 1 take profit until it might turn more to the upside
ERX Energy Play Head and Shoulders BearishOn the one hour chart, ERX ( triple energy ETF) completed a head and shoulders
and is now downtrending with a crash through the EMA 100 and EMA 200
and now one standard deviation below the VWAP. The Momentum Indicator
shows downside momentum is greater than it has been in recent months.
The inverse ETF called the ERY would be expected to be the inverse of this.
The XLE would be similar but not triple leveraged.
This appears to be setup for a good long term swing short or a put option
expiring in late January or February.
Is Oil dying? I can't know if Oil is dying because I cannot see into the future. So what's on the chart?
1- There is a death cross on a daily timeframe which is always a significant event.
2 - The red stepwise line (the ATR) is telling us that there is heavy bear pressure in this market.
3 - Twice price was rejected in 31 days.
4 - Now there is a big struggle at a neckline.
5 - Price pushed outside the ascending wedge pattern, and has now fallen through the base. Not a good sign for bulls.
Price can go up or down at the leading edge. True trend-followers would have held short once price is below the 1D ATR line. Nobody knows how far that may go.
This is a dangerously volatile market on the daily, with no good short entry positions at this time.
A better entry short would have been at price point 100 - and still under the switch in the ATR.
But wow - look at the volatility one would have had to withstand over months. This is for strategists - not gamblers.
Stay safe. Don't burn cash.
XTZ - Potential Inverse Head&Shoulders!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
XTZ is sitting around a strong support zone and round number 1.0 so we will be looking for buy setups.
XTZ is forming an inverse head and shoulders pattern but it is not ready to go yet.
For the bulls to take over, we need a momentum candle close above the gray neckline.
Meanwhile, until the buy is activated, XTZ would be overall bearish and can still trade lower.
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
EURGBP Head and shoulders ShortWhat we can see in the chart is a head and shoulders pattern. Once the price breaks down the neck line than the pattern can be considered validated.
Take profit when the price reaches the target. The targets are shown on the chart. Enter the short position only if/when the price breaks down the neckline of the head and shoulders pattern.
XAU/USD - 1H - Breakout SetupXAU/USD is in a bearish trend on 1H making LHs & LLs. Price is currently testing a falling resistance after recently forming a Head & Shoulders pattern.
The price might break above the falling resistance and rise towards the Neckline or the Volume Profile POC.
The Bullish Bias is based on the following confluence:
Strong Support + 38% Fib Retracement
Bullish divergence on RSI
Price respecting 200 SMA
OBV divergence with price (downtrend lacks conviction)
Long bottom wicks and Bullish Engulfing candle on Support
Volume Profile POC of previous trend
A break above falling trendline might give control to bulls. There's also an opportunity to go short if the support breaks downside. Wait for confirmation before going in any direction.
Trade safe. Hit like & follow for more analysis.
USDCAD Sell!!USDCAD has created a beautiful and rather neat Head and Shoulders Pattern . Recently, the price tested the neck of the pattern and got pushed down ! not just the retest but also the fact that price is now back inside the parallel channel on the daily chart is a good confirmation of a downward move ! my final Target is 1.3069 ( the pivot line of the parallel Channel )
IEX made bullish head &shoulderIEX made a bullish head &shoulder at the bottom now we are waiting for the breakout.
Buy IEX at 147
Target 153 155.45 158.25 163.25
Sl 138
