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Headandshouldersformation

SPX: Complete trend analysis (H, D and W charts).Hello traders and investors! Let’s see how the SPX is doing today! First, in the 1h chart, it lost the support level we mentioned yesterday (4,200), and it dropped a little bit more after that. However, we see some reaction right now, and if the index closes above the 4,200, the market might understand it as a false breakout from a previous support, making this a possible bear trap. This would be a good bullish sign, but we don’t see any clear bullish reversal structure yet. We are still doing lower highs/lows, and the 21 ema is pointing down, and to me, we must see more confirmation in order to call it a buy again. If the index is about to reverse, now is the best time for it: In the daily chart, we see that the index is trying to stabilize at a very important support level around the 4,167, which supported the price at least 5 times in the past. What’s more, this support level could be the neckline of a Head & Shoulders chart pattern in the weekly chart: This tells us that this the last chance the SPX will have to react, otherwise, it’ll engage a bear trend for good. It is important to notice that it is dropping in the last 4 weeks, but the volume was below the average, and this gives me the impression that the market is dropping because people are just afraid and aren’t buying, instead of actually selling (or shorting) at this level. The moment couldn’t be more complex and crucial. Regardless of what the SPX will do next, it seems we’ll have our answer soon, in the next few days. I’ll keep you guys updated on this every day, so, remember to follow me to keep in touch with my daily analyses!
SP:SPX
by Nathan_The_Finance_Hydra
3
Nasdaq nearing close of head and shoulders?I have been watching this pattern on .IXIc develop for over a year, and with much negative news influencing the markets, it looks like we may be close to a bear reversal in the medium trend. The drawn pattern on NASDAQ shows almost identical two hump left shoulder. One property of a H&S pattern is symmetry, which seems to occur with the two humps on the right. The right shoulder just touched the neckline, but will likely encounter some sideways movement before continuing the downtrend to possibly 11500. I will be cautious on entering any long positions at this time.
TVC:IXICShort
by yousafkhan1976
1
BTCUSD Head and Shoulders TopSeeing a very well-defined Head and Shoulders topping pattern on BTC now. The 200 SMA is also rolling over now in combination with a clear head and shoulders, making this a very bearish setup. You'll be hard-pressed to find a H&S pattern this well-defined in recent years for BTC. Totally coincides with the top in the indices I noted recently. Given the y-axis on the chart, I wouldn't be shocked if BTC lost 2/3rds of its valuation over the next few months/quarters. This is a season for protecting gains, not making new ones. Opinion only, not financial advice.
BITSTAMP:BTCUSDShort
by tyler_sim
Head and ShoulderYou probably heard of the Head and Shoulders chart pattern. There are two versions of the 'Head and Shoulders' in the markets. The pattern that resembles a human figure standing upright is the BEARISH version where we would like to see SELLS in the market. The pattern that resembles a Human figure hanging upside-down is called the "Inverted Head and Shoulders" pattern where we would like to see BUYS in the market. In this chart example, we have the Bearish version. The head (where the face is located) is often times classified as the stop hunt where liquidity is established. The stop hunt liquidity is where retail buyers are trapped. An optimal entry for this pattern would be on the right shoulder (located on right side of your screen) with first targets aim at the neckline or beyond.
OANDA:NAS100USDEducation
by Skyboxpips
DOGE - Long-Term Bullish Scenario!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. DOGE is sitting around a strong demand zone in green so we will be looking for buy setups. DOGE is forming an inverse head and shoulders pattern but it is still an idea. Long-Term Trigger: Waiting for the right shoulder to form and then a momentum candle close above the blue neckline for the bulls to take over. Meanwhile, until the buy is activated, DOGE can still trade lower inside the green demand zone. In this case, we will be looking for buy setups on lower timeframes. Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
BINANCE:DOGEUSD
by TheSignalyst
5
ELLIOT WAVE | BIG INDUSTRIES BHDBIG industries Bhd - Very hot stock past 2 weeks, waiting for another game play. Might be a profitable trade for swing trader IDEA TRADING TEKNIKAL 1. Head and shoulder pattern spotted waiting for breakout confirmation with volume = sincere BO 2. Moving average tersusun cantik = strong uptrend 3. Entry level pada MA20 and MA50, TF daily 4. breakout downtrendline and able to succeed above + formation of HH and HL IDEA TRADING FUNDAMENTAL 1. Quarter report 3 quarter constant making profit = something brewing 2. ROA, ROIC, ROE improve for 5 years
MYX:BIG
by dannyPTT
BITCOIN DOMINANCE: H&S PATTERN!! ALTSEASON IF?Hello everyone, if you like the idea, do not forget to support with a like and follow. Welcome to this BTC DOMINANCE update. BITCOIN DOMINANCE is forming a head and shoulder pattern here which is generally a bearish pattern. Currently, it is trading around 41.44 level and hovering near the neckline of the head and shoulder. If it breaks below the neckline then we can expect a quite good dump in BTC.D and a good pump in Altcoins. If it bounces again from the neckline then we see some more correction in Altcoin. IMO it's better to wait for the close below the neckline. After that, we start taking positions in many altcoins. Till then stay safe. If you like this idea then do support it with like and follow. Also, share your views in the comment section. Thank You!
CRYPTOCAP:BTC.DShort
by CoreCrypto1
$NKE Head & Shoulder PatternNike ($NKE) on the daily looks to be forming a left shoulder to complete a head and shoulders pattern. Disclaimer: Stratford Research newsletters reflect the research and opinions of only the authors who are associated persons of Stratford Consulting Ltd. The newsletters are for informational purposes only and are not a recommendation of an investment strategy or recommendation to buy or sell any security or digital asset (cryptocurrency, etc.) in any account. The information provided within the newsletters is not intended to serve as the basis for any investment decision. Any third-party information provided therein does not reflect the views of Stratford Consulting Ltd. or any of its subsidiaries or affiliates. All investments involve risk including the loss of principal and past performance does not guarantee future results.
NYSE:NKEShort
by atrusik
ROSEUSDT is testing the weekly resistance!the price is testing the weekly resistance on 0.316$, where the price created the neckline of the head and shoulders, and where the market has a supply zone. Nice volume is incoming right now. on the 4h timeframe the price had a breakout from the 4h resistance on 0.24$ and a great breakout from the daily dynamic resistance. How to approach? The price needs to have a new breakout from the confluence area and retest it as new support. a Breakout is not enough, the price needs to satisfy our rules for a new long position. The next valid resistance is 0.35. According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ––––– Follow the Shrimp 🦐
Long
by InkyGrip
2
USDT DOMINANCE: EXPECTING THIS SCENARIO!!Hello everyone, if you like the idea, do not forget to support with a like and follow. Welcome to this USDT Dominance update. USDT Dominance is continuously bouncing that's why BTC and Alts dropping. Let's see how far it can pump. USDT dominance bounced from its major support level of 3.76 level. I already discussed this and shows some supports levels in my previous USDT Dominance update(Link given below). Now USDT Dominance has some resistance at the 4.08-4.22 level and I"m expecting a rejection from the red resistance area. Also, it looks like a head and shoulder pattern. All we need is to break the neckline of this H&S pattern which is at the 3.76 level. Conclusion:- USDT.D can pump up to 4.22 level so BTC can drop to the $42k; level and after that, we might see a good bounce in ALts and BTC. Invalidation level:- If any candle closes above 4.24 then this chart becomes invalid. If you like this idea then do support it with like and follow. Also, share your views in the comment section. Thank you!
CRYPTOCAP:USDT.DLong
by CoreCrypto1
1
USD / JPY 121.516 0.26 % SHORT IDEA * H&S FORMATION 💡💴💵📉HELLO EVERYONE HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE. NEW WEEK, NEW OPPORTUNITIES. LOOKING AT THE DOLLAR / YEN * The PAIR has been trading in a Ascending channel , just tested the roof of this structure after that extending this move with a strong bullish rally towards the upside, Then saw that beautiful correction with the bears after that resistance hit. - Short term the pair is consolidating creating the right shoulder of the head and shoulder formation. - Looking for short entries on the THE PAIR going into next week, A break below of the support of the range and close will be the trigger for this trade amongst other things. BREAK ABOVE AND BULLISH MOMENTUM INVALIDATES THE SET UP. Scaling to lower time-frames for entries probably 1H and lower upon break below. Here's what we have on the 1H lets see how it goes IF THIS IDEA ASSISTS IN ANY OR IF YOU LIKE THIS ONE SMASH THAT LIKE BUTTON & LEAVE A COMMENT. ALWAYS APPRECIATED ____________________________________________________________________________________________________________________ * Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT. _____________________________________________________________________________________________________________________ | * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - SWING TRADE
Short
by PULEMokhothu