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Headnandshoulders

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
Did we just confirm a reversal for BITCOIN??? BTCUSD broke the neckline of the head and shoulders pattern we've been discussing this week and now also broke below 50 EMA. We seem to be wanting to come back up and test the 50 EMA now acting as resistance. Not pictured on the chart we found support on the 4hr timeframe 200 EMA. This is a very crucial point for BTC to hold any hopes of a rally back inside the uptrend channel. As far as the RSI, we now see a break below and failed retest of 50 level which may continue to give the bears the advantage. Our MACD is now falling below 0 line again giving controls to the bears. I'm linking our previous analysis for BTCUSD as reference and accountability. Lots to discuss tonight during our deconstructing charts series.
COINBASE:BTCUSDShort
by jnpTrends
9
ANKRUSDT is creating an inverse head and shoulder 🦐ANKRUSDT is creating an inverse head and shoulder and the neckline is on 0.382 Fibonacci level. IF the price will break the neckline, and flip it into new support, According to Plancton's strategy, we can set a nice order ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> >4h structure. Here is the Plancton0618 technical analysis, please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Long
by InkyGrip
4
Head and Shoulders - "Learn More Earn More" with us Head and Shoulders Definition: A head and shoulders pattern is also a trend reversal formation. It is formed by a peak (left shoulder), followed by a higher peak (head), and then another lower pea k (right shoulder). A “Neckline” is drawn by connecting the lowest points of the two troughs. Neckline support does not need to be strictly horizontal. . This illustrates that the upward trend is coming to an end. . When a Head and Shoulders formation is seen in an uptrend , it signifies a major reversal . . The pattern is confirmed once the price breaches the neckline support In this example, we can easily see the head and shoulders pattern. How to Trade the Head and Shoulders Pattern: ENTRY: we put an entry order below the neckline. TARGET: We can also calculate a target by measuring the high point of the head to the neckline. This distance is approximately how far the price will move after it breaks the neckline.
Education
by ForecastCity
12
FCPO TRADING : 139) RIGHT-SHOULDER OF HEAD-AND-SHOULDERthis is the 1st day of the new fcpo-nov... hi, this is haidojo trading and the number is 139... well, what has happened today is the price tested 2710 and slided down...next level it might go to the "neckline" 2560-2605...a break lower than this level indicates that a lower-low has formed...trend has changed to downtrend... resistance : 2780-2810 immediate resistance : 2710 lower support : 2560-2605 the possible neckline for "head-and-shoulder" WARNING! RISK DISCLAIMER : this is juz a trading idea...trading stocks, futures or forex might incur a huge risk to your account/funds… DON’T LOSE MONEY THAT YOU CANNOT AFFORD …any idea(s) of trading in this episode SHALL NOT be regarded as a hint of BUYING or SELLING . It is MERELY a trading journal and it has been used for educational purpose only… trade at your own risk! **your "LIKE" and "FOLLOW" are my main source of motivation to continue posting more valuable contents...TQ**
MYX:FCPO1!Short
by HAIDOJO_trading
SUGAR – Inverse Head and shoulder 🦐SUGAR creates an inverse Head and shoulder on historical support. As we know Inverse Head and shoulder is a common reversal sign after a long bearish environment. We will wait a breakout on neckline and retest it with a nice volume and according with Plancton's signal we will set a nice long order ––––– Here is the Plancton0618 technical analysis, please comment below if you have any question. The ENTRY in the market will be taken only if the condition of Plancton0618 strategy will trigger.
OANDA:SUGARUSDLong
by InkyGrip
Trading the Inverse Head And ShoulderAn inverse head and shoulders , also called a "head and shoulders bottom" , is similar to the standard head and shoulders pattern, but inverted: with the head and shoulders top used to predict reversals in downtrends. This pattern is identified when the price action of a security meets the following characteristics: the price falls to a trough and then rises; the price falls below the former trough and then rises again; finally, the price falls again but not as far as the second trough. Once the final trough is made, the price heads upward, toward the resistance found near the top of the previous troughs. Investors typically enter into a long position when the price rises above the resistance of the neckline. The first and third trough are considered shoulders and the second peak forms the head. A move above the resistance, also known as the neckline, is used as a signal of a sharp move higher. Many traders watch for a large spike in volume to confirm the validity of the breakout. This pattern is the opposite of the popular head and shoulders pattern but is used to predict shifts in a downtrend rather than an uptrend. A suitable profit target can be ascertained by measuring the distance between the bottom of the head and the neckline of the pattern and using that same distance to project how far price may move in the direction of the breakout. For example, if the distance between the head and neckline is ten points, the profit target is set ten points above the pattern's neckline. An aggressive stop loss order can be placed below the breakout price bar or candle. Alternatively, a conservative stop loss order can be placed below the right shoulder of the inverse head and shoulders pattern. An inverse head and shoulders pattern is comprised of three component parts: After long bearish trends, the price falls to a trough and subsequently rises to form a peak. The price falls again to form a second trough substantially below the initial low and rises yet again. The price falls for a third time, but only to the level of the first trough, before rising once more and reversing the trend. Trading an Inverse Head and Shoulders Aggressively A buy stop order can be placed just above the neckline of the inverse head and shoulders pattern. This ensures the investor enters on the first break of the neckline, catching upward momentum. Disadvantages of this strategy include the possibility of a false breakout and higher slippage in relation to order execution. Trading an Inverse Head and Shoulders Conservatively An investor can wait for the price to close above the neckline; this is effectively waiting for confirmation that the breakout is valid. Using this strategy, an investor can enter on the first close above the neckline. Alternatively, a limit order can be placed at or just below the broken neckline, attempting to get an execution on a retrace in price. Waiting for a retrace is likely to result in less slippage; however, there is the possibility of missing the trade if a pullback does not occur.
by TayFx
3
BTC - Inverse Head and ShouldersBTC may be forming an inverse head and shoulders chart pattern. Successful completion would lead BTC price to 8,200 - 8500 (top of the Ichimoku cloud). Inverse H&S may be perceived as an indication of the 'bottom'. As of now, BTC is still in the bearish zone based on 1D Ichimoku. However, if we look at Ichimoku 1W, there is a possibility of a big 'pump' coming this or next week. On the 1W Ichimoku chart, BTC is still in the "bullish zone".
COINBASE:BTCUSD
by MateuszP.Rydzik
Review of Execution of GJ Signal: Inv. H&S for +157 pipsThis is reviewing an actual entry I took for GJ which resulted in far more than my target being hit. As you can see, paying attention to-- being aware at all times of a dynamic market-- and being ready to spot an inverse or a regular head and shoulder pattern can pay out big time. They are my favorite patterns to trade, because if done RIGHT, they have a very high probability of success and continuation probability (allowing for tight stops, and RRs of 1:4+)
Long
by TayFx
6