USDCAD UPCOMING SELLS NEXT WEEK.USDCAD structure looks pretty amazing on higher and lower timeframes. really not much to say. everything is in the videos . hope you guys watch the whole thing and paying attention
Headandshouldersformation
EURAUD SELL BREAKDOWN!EURAUD overall was in a pretty convincing correction stage. the overall market behavior was showing correction swings or pull backs so i dissected the market until i understood what was happening to then enter sells.
XRP Head & Shoulders + Wave Count Chart.XRP is currently in an ABC correction pattern that is forming a perfect Head & Shoulders pattern. If price action continues to drop, I expect it to hit the lower range of the descending wedge indicated by the purple box, which could act as a launching pad for the next wave up.
Good luck, and always use a stop-loss!
🔥 Bitcoin Bearish Head & Shoulders Pattern: Time To Watch Out?Preface: I'm still bullish on the crypto market as a whole. I still think it's likely we're going to make new highs in the near future. This is a more short-term oriented trade and will only be activated under certain conditions.
In this analysis I want to shed some light on a pattern that one of my commenters recently informed me about. Although it's not the best H&S pattern ever, it's still a valid pattern in my view, especially with the recent reversal from 68.000$.
I'm going to wait for BTC to pierce through the dotted yellow support and retest the 61.500 area before considering a short entry.
Target placed at 51.000, but will likely take partial profits around 57k.
This reversal is in line with another analysis I made a couple of weeks back. BTC has entered a major area of resistance and could see a decent correction before moving back up.
Head & Shoulders formation / AUDCAD A head and shoulders pattern has formed over time, price broke through & retrac ed back near the neckline. Place buy pending order above a few pips, a $35 stoploss(depends on individual capital) and a $100+- take profit (depends on individual capital).
EURUSD Inverse Head and Shoulders LongWe expect further upside on this pair, signalled by the formation of an inverse head and shoulders pattern breakout. We can also see the breakout of a key level supports our directional basis
#Bitcoin_hodle_signal Bitcoin always loves forming head and shoulders pattern in the bottom to make anew HI after breaking out the neck line
now , you can set up your entry and your stop lose necessary because i am still seeing a correction to 25000 >>>24000 zone
so please be committed with your stop lose
🔥 PEPE Inverse Head & Shoulders: Update!At the start of the month I made an analysis on PEPE where I discussed the inverse head & shoulders pattern that has formed. Risk-seeking traders could've made a killer-entry around the purple area for a decent +300%.
I think there's still more to this move. I'm looking at a 440 target for the next 1-2 weeks. Ideally paired with a neutral/bullish Bitcoin.
Be aware that the 440 all-time high area poses a risk to bulls, as it's a very strong resistance.
GBPJPY - 1h - Head & Shoulder - Short EntryIn this chart, there is clear head & shoulder visible on the chart. we wait for the neckline to break we make an entry.
But there is one check list is missing which is DIVERGENCE. which is not spotted so there might be 50/50 chance it will go down.
Potential Head & Shoulder formationPrice seems to potentially form a large head & shoulder pattern. If formation completes then a heavy price fall is expected to reach a bottom key level.
SUI FORMING HEAD AND SHOULDERS PATTERN CURRENTLY ON THE NECKLINEIn this post, we'll focus on the head and shoulders pattern formed on the price movement of $BINANCE:SUIUSDT. By the time of this writing, the price is currently hitting the neckline of the pattern. I'll also provide my charting for the coin as well as target areas in my full technical analysis on this idea thread below. Stay tuned and happy trading!
PLTR pre-earnings play LONGPLTR has earnings on February 5 while on the 120 minute chart, the price action is that of
a rising wedge with price compressing between a rising support trendline and a falling
resistance trendline the extension of the neckline of the head and shoulders pattern of
November. PLTR fell today and is near and above support. In a long trade, I see the target
as 18 ( at the resistance trendline) with a narrow stop loss just under the support trendline.
This makes for a possible 6% profit with a very good reward-to-risk ratio. A call option
for the 2/16 expiration striking $17 is also under immediate consideration.
META - Interesting price action repeating itselfWe could see a failure to reach new highs and all this left shoulder liquidity can be used to push us below (or at least retest) the key 453 level. From there, we have a massive gap to fill to the low $400. Prior to any short entries, however, I will for a retest of the top of our teal selling channel which will form our right shoulder - and with a lack of buying volume needed to break us out, I will look to enter a short position.
Good positional setup formed in Bank nifty BANK NIFTY
Head And Shoulder Pattern
good opportunity for positional trade
Low Risk High Reward
Inverted Head & Shoulder Pattern on DXYLooks like we are looking at some downside on the broader market in the coming days if this pattern were to play out in the dollar index. Bullish for the dollar and bearish for equity
TSLA Recovery to $4001D Chart
From a technical viewpoint, Tesla ( NASDAQ:TSLA ) is setting up for a short-term recovery to the $200-210 range before another steep correction. Should significant support be met around the $100 range, a sharp recovery back to previous highs near $415 will be in sight. The following patterns are visible on the 1D chart:
Impulse and Correction Waves
Because the 1, 3, & 5 Impulse Waves were in the down direction, then according to Elliott Wave Theory, the Correction Waves (ABC) should see the beginning of a rally. Wave A will move opposite of Wave 5 and should lose momentum between $200-220 which are 50% & 61.8% Fibonacci Retracement levels respectively. Wave C would develop a double bottom setup that could propel TSLA back to $300.
Head & Shoulders
If the Elliott Waves do not prove valid then a H&S pattern is likely with a right shoulder peak meeting resistance between $200-220 before sending share prices back to a low of $100. I am less confident of this pattern as it appears a premature recovery is about to begin. The neckline rests around $150 but Money Flow Index is already in severely oversold territory and the On-Balance Volume has an overall positive slope.
Double Bottom
In the unlikely event that the H&S comes to fruition then I believe it will serve as the setup for a larger double bottom pattern. Stepping back for a better bird's eye view, the On-Balance Volume has a healthy positive slope and Money Flow Index is in oversold territory. However this pattern will take months to develop so it is too soon to begin loading up for this particular trade as a swing or day trader.
🔥 PEPE Time For The Perfect Entry: Inverse Head & ShouldersI've been looking at this inverse head & shoulders pattern for a couple of weeks now. Now that PEPE has reached the bottom purple support area, it might be the perfect time for a long-term entry.
Ideally, we wait for the price to confirm the pattern and break through the neck-line first. However, an entry from around the purple support has a higher risk-reward ratio.
AUDUSD Head and Shoulders Pattern Breakout Short!We expect further downside on this pair, signalled by the formation head and shoulders pattern breakout. We can also see the breakout of a short-term trendline supports our directional basis.
GBPAUD short analysis 2/6/24 5:20pmCgbpaud showing multiple signs that sellers are in control and im using euraud as correlation as evidence that gbpaud will continue to short.
*GBPAUD SHORT
EURUSD ANALYSIS: Long or Short?Hello Traders,
Allow me to share my thoughts on the current EURUSD Pair.
The current analysis of EURUSD reveals a complex price action, presenting challenges in determining a clear market position. On one hand, I could see an emerging/potential head and shoulders pattern, indicative of a possible bearish movement. This potential bearish bias is supported by a resistance zone that has consistently rejected price in recent times.
On the other hand, the 800EMA has acted as a dynamic support by rejecting the price to the upside three times.
Given these conflicting signs, it's essential to closely monitor price actions.
I'm anticipating two scenarios:
1. A breakout below the fully formed head and shoulders pattern's neckline at 1.09026. This would trigger a sell position, with a target set at 1.07402.
2. A breakout above the resistance zone at 1.10071. This would trigger a buy position, with targets set at 1.11080 and 1.12300 respectively.
At moment I will be a spectator.
Cheers, and happy trading.
ACGL Showing bearish divergence, and possible head & shoulders.ACGL - Arch Capital Group is showing a slight bearish divergence on the weekly chart, and what could potentially be a bearish head & shoulder's pattern.
I bought the March 15 Puts at $0.75 cents expiring March 15th 2024.
Good luck!
MARUTI !! Broke Head and Shoulder Pattern and re-test doneMARUTI !! Broke Head and Shoulder Pattern and re-test done. size of cup can be next target
Head and Shoulder pattern in Nifty hourly tfNifty has shown a formation of a Head & Shoulder pattern in Hourly time frame. This is a short term outlook as long as medium term remains bullish i.e., daily close is not below previous low. Monthly call options/ futures can be used to trade this.
