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Headandshouldersformation

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
Head & Shoulders Above the RestWe have seen numerous ideas suggesting a BTC Armageddon is coming and who can blame them. There is a huge bearish pennant on the Daily and 4 Hour chart. However, I do not see any indication that panic is about to set in. Instead, I have seen numerous bullish patterns form in the 15, 30, 1-hour, and 2-hour charts within the last week. I think it will all come down to the economic climate over the next six months. Uncertainty is high but economic conditions are strong enough to continue this upward trend. The release from the Federal Reserve last week suggested nothing to the contrary. As you can see from my chart and projection, it is likely we are forming a head and shoulders pattern on the weekly chart. I expect, at some point in the coming months, the Federal Reserve is going to figure out they have absolutely no control over inflation and the economy will begin to slide. It is at this point we can expect a sharp decline in the markets and the price of BTC. If the economy does manage to beat back a recession, this head and shoulders pattern will be negate itself somewhere on the decline. Let's hope it does.
by Hackfin
2
How to Find Legitimate Head and Shoulder PatternsHey Guys! I just wanted to post a quick tutorial on how to find legitimate Head and Shoulder patterns. In this lesson, I explain the 5 rules that a Head and Shoulders pattern must abide for it to be legitimate. Here's the rules: #1 Both necklines must be parallel. #2 The main neckline cannot be broken out of surpassed before the right shoulder's price level is reached. #3 The Head and Shoulders must be relatively flat. #4 The top neckline can only be adjusted to a wick between the main pivot and the last correlating major pivot. #5 The prior trend must be in the opposing direction. (which is up in the case of a "short" Head and Shoulders Pattern ) That's it! I hope this helps! Have a great day! Ken
Education
by TradingForexPriceAction
1
NZDCAD SHORT MONTHLY TFMonthly: Price appears to be forming the right shoulder of a H&S pattern. After the previous bearish leg formed, price has failed to break the 0.382 level of the fib retracement. Since price hasn't broken the level, I expect price to go to the downside (support level) to complete the H&S pattern. Weekly: A bearish candle just close. Price is currently bearish and I expect it to continue bearish. Pls like & follow if you find this helpful. Thanks :)
Short
by PipWisperer
2
Bitcoin Bermuda Triangle of Hurry Up and WaitHappy Sunday Traders, Today with the week ending I was hoping that we would have a more definitive direction on which way bitcoin would be going but, as of right now we are sitting in the Bermuda Tringle of Hurry up and wait. Being that we are sitting on top of the strongest support zones that Bitcoin has ever made in a bull market we are in good shape. Yet, it is important to note that we are still sitting under important resistance areas as well and potentially retesting the neckline of a bearish pattern to boot. When BTC Recently broke down from $44,816 BTC fell through the trend support that we created from the previous all time high of $65,400 to $52,400 forming the two resistance points and the support cluster pointed out between $47,400 and $45,500 Bitcoin fell into the area we are sitting in now. Which is an undecided area that needs to be broken to have a more telling future price action. If we are in fact going to react to the Bearish Head & Shoulder pattern displayed on the chart I would expect some bearish news to be the catalyst in doing so. If this does play out, I would be looking to see price head to the $30k area and I would be looking for a buying opportunity there. For all the "Gap Boys" there is also a large gap between roughly $33,000 and $34,500 on CME:BTC1! which sometimes get filled. I placed two key points on this chart that we want to see Bitcoin get above in the near future to start getting out of the danger zone, the first being $45,536 and the second being $52,142. This would help to start invalidating the bearish set up, getting the price action out of the indecisive triangle zone we are sitting in now and get above the next resistance areas and hopefully create them as support. I hope this helps you in your research, have a green week and I will see you in the next publication. Savvy
COINBASE:BTCUSD
by Savvythe1
1