Chart show's the possibility of the Head and Shoulders pattern and the targets.
Hello Dear friends On the one-hour time frame, due to the complete consumption of the $16,665 range, the possibility of completing the head and shoulder pattern at the end of the downward trend has been strengthened. Of course, maintaining the upward trend line is very important. We would be happy to hear your comments
Balkrishna made inverted head & shoulder pattern on an hourly chart & trading above neckline with good volumes. Could be bought with mentioned stoploss & target.
I will tell you, when the moon is for XRP, but first, let's take a look at the technical analysis. On the chart, you can see two major downtrending trendlines, and the price is below them. The bears are in full control, and I cannot be bullish at this point. The previous uptrend from June 13 to September 19 was a 3-wave structure (ABC). This suggests a...
IEX 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
USD/CAD appears to have completed a bearish Head and Shoulders (H&S) top. Negative RSI divergence bolsters the case for a downturn. The broadly anti-USD response to October's #NFP report may have triggered a breakdown through the H&S pattern's neckline. The measured-move downside objective implied by the setup calls for a test of the 1.30 figure. Clearing...
COST (COSTCO) has formed a massive head and shoulders pattern over the past year, which seems like a no-brainer opportunity to get short. COST could possibly reach 440 by the middle of October and 407 by the first week of November if the price breaches the neckline around 464. A period of consolidation could delay these estimates by several days. Disclaimer: I...
I have been looking at this for a while due to the fact that i trade my local currency quite often against the USD. During this analysis i have realised a head and shoulders pattern formation. Is this due to the rising Gas and Oil price? Oh well, if the precious Metals recover a bit, i think the dollar might give us a break and fall into the head and shoulders...
Inverted Head and Shoulders formation on the USDZAR, we might see price dropping to the 15.40's? Inflation is high and Petrol prices are also high this might cause my local currency to drop a bit to give relieve to the consumers. ----------------------------------------- Elektro Analysis
Looking to short us30 to weekly support @29950 if 4hr candle closes below 30439 - assuming the head and shoulder pattern on 1hr plays out
Well, probably some of u have been wondering why that bitcoin declining sharply. From the technical perspective, we can see that in weekly timeframe bitcoin had a big head and shoulder pattern since july 2021 till january 2022. In this pattern, it has resistance from the head and shoulder pattern around 40-44k that been tested and rejected. So, with that pattern...
Head and shoulder + bear flag WHEN a support is tested multiple times, time after time, it gets weaker and is more prone to be broken down and now bulls are trapped. Many liquidations of bulls are on the verge on happening. Not a financial advice. DOYR.
OANDA:AUDUSD A head and shoulder pattern formation on AUDUSD is a sign of a possible reversal in price direction. Should price break support/neckline. we go short on AUDUSD.
Bitcoin is currently in an ascending consolidation channel, breaking down each of the last 4 times. Given BTC's consistency/tendency with ascending & descending channels, expectation is to see $BTC price breakdown as inflation reporting and FOMC draw nearer. Pretty straightforward approach to assess $BTC price/direction. Once PA sets a consolidation channel,...
side way range of gbpusd has made a possible head and shoulders chart pattern our key resistance neckline (trend line) if that breaks than we will buy resistance - 1.32730 support - 1.30875 and 1.30004
Michael Burry tweeted about this a little while ago. I've been monitoring it for a month or so while the price has been ping-ponging around the $35,000 - $30,000 range. If price dips and maintains below $32K, the pattern is confirmed it's going to tumble or crash hard. Like the broad equity market, the amount of leverage traders hold is quite likely off the...
In my opinion, BTC still has a long journey of downside before the buyers get what they have been waiting for all this time. Breakout sellers from the head and shoulders pattern will likely be the target of this short term bullish run before bears grab hold of the market again and take the price down the equal low liquidity. I will be searching for sells in...
- STX is forming an inverse head and shoulders pattern on the daily candles, which is a bullish reversal pattern. - Volume favors bulls, as there is not any selling pressure. - All time high resistance 2.85 can act as a resistance. - The price is above a trendline from 2020. - For expected duration of the trade, probability, stop loss, profit target, entry...