GBPJPY Short / 159.177 to 149.305 Head and ShouldersI'm still new to this, any additional comments to help me out would be appreciated!
Headandshouldersformation
ETH - 4 Hour looks like a trap!Bear Flag + Pennant + H&S
Looks like a trap!
Short entry point and take profits are marked on the chart.
What are your thoughts on this?
Break out or Break Down for Chainlink Testing support @ $10.45 could possibly see a Break out to retest $12. Either way looks bearish as both current positions are a bearish triple top @ $10 or $12 If no further progress is made.past the $12 previous high.
USDT DOMINANCE BEARISH IN LTF! BTC MIGHT PUMP FROM HERE!!Hello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this USDT DOMINANCE update. USDT.D looks bearish here.
USDT Dominance forming a head & shoulder pattern in a 1hr time frame. Head&Shoulder are generally a bearish pattern. So when USDT Dominance is bearish, it means that BTC and other Alts might pump from here. So IMO it's an excellent opportunity to long some Alts and BTC here but does not forget to put SL.
USDT Dominance breaks the neckline of the Head & shoulder pattern and currently retesting it. After this retest, we expect a dump.
Invalidation level:- If USDT Dominance again closes above the neckline (Close above 6.44 level close the long positions)
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Also, share your views in the comment section.
Thank You!
TOTAL CRYPTO MARKET BEAR WEDGE PLAYED OUT, H & S IN PLAYTOTAL 1 MARKETCAP
1ST target met which was a Rising Wedge pattern and a confirmed breakdown on the DTF and WTF.
I drew this pattern on my chart January 2022.
you can also see on the WTF it is losing the multiyear TRENDLINE SUPPORT, I would expect a bounce otherwise
2ND target 800B 2018 cycle HH.
3RD target Weekly Head & Shoulders 400-500B.
NOT FINANCIAL ADVICE.
CHFJPY PRICE BREAKDOWNPrice dropped nicely to hit the first target in my previous analysis, then rallied up to form a nice head and shoulder pattern.
The head and shoulder pattern coupled with double top in H1 suggests a deeper pullback will happen.
Expect a small pullback before the drop.
BTCUSDT Price ActionAfter an swing upward, price fail to reach at least 33k region.
Candlesticks inverted hammer & doji consecutive after an peak, bearish.
Neckline: the priceaction will reaction from this and pullback to test.
Expected a head in formation. Head and Shoulders correction in confluence to triangle.
I've wright in baloon 'if price... breaks down... confirm reversal', but this is not a uptrend as the ordinary people may have think. All is BEARISH.
Volume: show of weakness.
If price action breaks down 61.8% of Fibonacci retracement, then one more confirmation to remains bearish and maintain short. 30k is the region of the neckline of the major double bottom to pay attention. The price action can form a wide range. But I'm expected dump.
Bitcoin: Head and Shoulders, ticket outThis could be our ticket back to long Bitcoin positions.
(Meaning that this could be our ticket back to holding virtually any cryptocurrency and having it again be lucrative in a long position).
BTC has once again proven the time-tested adage that when Big B wants to move, the rest of the market like-it or not, is going to be moving with it. --This goes for everything except Monero and some other privacy coins. Which makes me incredibly happy, but that's a topic for another post.
Good luck and Godspeed everyone. 🫡
♠️🤫🐿
BTCUSDT weekly overview update part IIBTCUSDT will reached the key level of 28.7K soon. This is a special point of interest and institutional support. The price action reacting to these area can project a pullback at least 35k. This don't significate the final of this bearmarket. This level coincides with 23.6% of the Fibonacci Retracement from All-Time-High, also called 'peak of Head'. We have a imponent Head and Shoulders to respect. That's a special point to expect a profitable retrace to complete a prior swing of a greater collapse. Let's see.
BTCUSDT daily chart - one more leg downOne more leg down expected. Beartrend continues after 2 selling setups. I'm targeting a possible Head and Shoulder effect. Ehler's Smoothed Stochastic shows a bearish momentum till the weekly close.
BITF Entry target $4.30Price has always fallen after earnings. Estimate for next earnings is lower than past 2 quarters.
Entry target at $4.30 with a confirmation stochastic target of 64, and RSI entry of 53.
Require a breakthrough of $4.30 price.
Warning: Head-and-shoulders pattern in RSI along with constant overbought signal in Stochastics could signal bearish sentiment.
Lookahead: Consistent oversold signal in Stochastics and RSI breakout at 53 level is a good entry even if $4.30 price target not hit.
MACD is relatively flat, need a cross over zero line for a good break.
XAUUSD BuysThis is just a simple chart pattern that shows you the head and shoulder pattern inversed. Safe trade to secure a few pips. The target will be 1917 for XAUUSD.
OANDA:XAUUSD
USDCAD short trade idea before NFP data releaseUSDCAD has been on a bullish trend for ten days while market participants waiting for the Non-Farm payroll data release, and currently, we are seeing price form a head and shoulders pattern. personally, I am still waiting for the price completely formed H&S pattern and the price to break out of the 1.27190 support level, it will confirm my sell setup for this pair. The downside target will be at 1.26050. be patience ;)
**Disclaimer** the content on this analysis is subject to change at any time without notice and is provided for the sole purpose of assisting traders to make independent investment decisions.
Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together.
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Thank you for your support ;)
GWBFX
Walk The DDOG Long With Your Head & ShouldersA head and shoulders pattern on DataDog Inc. (DDOG) was identified on the daily chart.
The approximate measurement from neckline to head is approximately 60.80. We can see a projected move to 234.84!
I will make an entry at the break of the neckline. However, it fails to break the neckline, my analysis won't be valid. Head and shoulders on three.
What I meant so say is, "Head and shoulders on DDOG!"
DDOG!
Al
*This is not financial advice.
Grab A Pair of Nike’s For A Friendly Game Of…Grab A Pair of Nike’s For A Friendly Game Of…
...head shoulders knees and toes!
I’ve identified a head and shoulders pattern on Nike’s (NKE) weekly chart.
My plan is to swing put option contracts on NKE. The measurement from the neck to the head is approximately 55.69 ticks. Therefore, the maximum price move to the downside is 62.99.
On another note, I was looking at Nike’s trend going back to 2016 and identified several bullish patterns along the way that made me smile with glee. I like this stock and will pay attention to it more than I have in the past.
*This is not financial advice.
“Check” your head and shoulders,
Al
PYPLPaypal major collapse, could be making a massive weekly head and shoulders.
Currently though bouncing off a weekly double bottom.
Outlook is some more chop into a bounce, beginning the right shoulder.
However, might just start rallying from here. Also not sold that a right shoulder would complete, more of a bounce higher from this level trade.
EURUSD Head and shoulder.. potentially long on restestDo you agree/disagree with my analysis? Let me know your thoughts.
Note: This is not a financial advise
XRP Buy a Break Setup.Ripple - Intraday - We look to Buy a break of 0.632 (stop at 0.619)
A break of the recent high at 0.632 should result in a further move higher.
We are trading at oversold extremes.
A bullish reverse Head and Shoulders has formed.
Our profit targets will be 0.664 and 0.674
Resistance: 0.630 / 0.650 / 0.660
Support: 0.615 / 0.600 / 0.585
BTCUSDT weekly overview updateIf price action stay below 37.2k, we can see a downtrend in the next week. Price above, we can expect a right shoulder formation. I'm thinking is most probably a pullback to 40k after breakdown. Oscillators: Ehler's Even Better Synewave and Ehler's Smoothed Stochastic.
BTCUSDT monthly overviewBTCUSDT long term overview. Confluences: Show of weakness w/ Chaikin Oscillator, divergence from ATH in Awesome Oscillator and show of continuation tendence w/ Fisher Transform. Weekly condition is bearish. Head and Shoulder target in daily timeframe: pullback to neckline accomplished, TP1; Fibonacci Retracement from bear flag target is TP2. Chaikin Oscillator is near of zero below. Big SOW. Price can dump below 32,9k.
Short-term technical upward move likelyThis is a short-term trade. On the technical side, we've got the following things that make a bullish move more likely:
According to seasonality, in the last 15 years, only in one year went the price down within the timespan from the 7th of May until the 23rd of June. So, it's a bullish time for this stock according to seasonality.
The prior inverse H/S pattern got broken; the price went up, came down, and tested precisely the neckline yesterday.
A clear hammer candle formed yesterday.
AAVE/USDTFor the people that are risk addicts. Trading on price range is more safe than the position. Do NOT obstinate with stops.
