Get started

Headnandshoulders

XRP - When moon? I'll tell you when... 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 corrective counter-move in the main direction of the trend. The trend is indeed bearish. I want to see an impulsive structure before even considering becoming a bull on XRP. What's more, the price is printing a head and shoulders pattern, and the price is currently forming the left shoulder.  Basically, it's a shorting opportunity if you want to catch the local top. Or wait for a breakout below the neckline for a confirmation. Your profit target is at the bottom of the parallel channel on the LOG scale. XRP can drop by another 50% or 80% to 0.1 USDT next year. It's very likely, in my opinion. If we take a look at the MACD indicator, we can see that the bulls are losing steam on the histogram, and the bearish crossover can occur very soon! So when moon for XRP? There is no indication from whales that they are buying XRP at this moment. It looks like they want to buy cheaper XRP at 0.1 USD. I think XRP can moon next year in 2023, it's possible, why not. Happy trading!
Short
by UnknownUnicorn2537518
73
USD/CAD near-term top in place?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 resistance at 1.3877 and reclaiming a foothold above the 1.40 figure would probably neutralize selling pressure.
Short
by IlyaSpivak
1
COST (COSTCO) massively bearish head and shoulders patternCOST (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 am not a financial advisor, and the above statements are not investment advice. My comments are only intended for educational purposes. You are solely responsible for your own trading decisions.
NASDAQ:COSTShort
by cdnbuzzard
Head and Shoulders USD Index Daily 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 pattern. ----------------------------------------------------------------- Elektro Analysis
TVC:DXY
by Elektro-Analysis
Why Bitcoin Drops?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 the bitcoin will be targeted at 16.4k and currently the bitcoin also hit the major support at 18.8k. But there's still no reversal sign in the weekly time frame. In my opinion, it's best for us to wait and see in this moment.
Short
by denniskurniawan
Bitcoin Channels & Price ActionBitcoin 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, determining channel preference (ascending or descending), price action assessment is simplified. If Bitcoin is in an ascending channel, price typically breaks down as it comes our of the channel's range. Conversely, descending channel consolidation results in price breakouts. Interesting side note, both rallies resulting in ATH's in 2021 also resemble relatively consistent head & shoulders patterns.
INDEX:BTCUSDShort
by R0MM3LL
2
BTCUSD: Bring On The Hate 🚨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 between the two zones as illustrated. Good luck everyone! Don't fall for mass psychology, analyse the chart with an open mind. Traders, if you have your own opinion about this idea, write in the comments section, I always reply. 💬 🚨 RISK DISCLAIMER: Trading Crypto, Futures, Forex, CFDs, and Stocks involves a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. Always limit your leverage and use a tight stop loss. -------------------------------------------------------------------------------------------------------- Please like, subscribe, and share this idea with others! ⬇️ --------------------------------------------------------------------------------------------------------
Short
by AlkalineFX
85
Stacks STXUSDT - Head and shoulders + NEW ATH + 600%!- 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 price and risk to reward ratio (RRR) - please check my signature below ↓ - If you want to see more of these ideas, hit "Like" & "Follow"!
Long
by UnknownUnicorn2537518
5
EURJPY - BULLISH CONTINUATION The EJ has been one of the main pairs on my radar for this entire week. Originally I was looking for a bullish breakout on the higher timeframes, but instead we ended up getting a false break & a retest of the lows of the channel. After putting in a nice tweezer bottom at the lows we've now put in a head and shoulders type of move & if price can violate the current level of resistance it would surprise me to see a move up towards 1) Our most recent inside level of structure 2) Our most recent Outside level of structure 3) A continuation to 132's which is a higher timeframe level of structure Akil
Long
by Akil_Stokes
APOLLOTYRE - Breakout & Retest - Good for swingThe above analysis is done purely based on price action and chart patterns. The analysis is done in live market on daily TF hence price may take few days to few weeks in order to reach the targets Logic as well as the trade setup (Entry, SL and Target) is shown in image itself. Safe traders can wait for today's candle closing and if the level is sustained and volume is still not increasing, then entry can be taken above today's high. SL and Target will remain same The above analysis is purely for educational purpose. Traders must do their own study before entering into any trade. Traders must trade as per their own risk taking capacity and money management Feel Free to comment for any queries regarding the above stock or price action analysis in general. Also check out my other ideas to understand how price action works and how it can be used to make regular profits without any complex strategies.
NSE:APOLLOTYRELong
by AdityaKarn90
Giant Bullish Flag or Descending Triangle for Bitcoin?Bitcoin is potentially forming a giant H&S pattern inside of a larger Descending Triangle or Bullish Flag. In light blue, I have drawn a hypothetical price scenario. The RSI is breaking the downward sloping resistance of a descending triangle formation. The KST saw a sharp deviation but has since found itself back into what could turn out as a bull flag or descending triangle. In Dark Red inside the price pattern is potentially an H&S pattern.
COINBASE:BTCUSD
by ScotianBot
2