TOMOBTC is creating an inverse head and shoulder 🦐After previous profit , $TOMO.X creates an inverse head and shoulder, and now the price is testing its neckline (weekly resistance) IF the price will have a breakout and flip the weekly resistance into new support, According to Plancton's strategy (check our Academy), we can set a nice order
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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.
Headshoulders
BEARISH IDEA ON NZDJPYREASONS TO SELL:
1- head and shoulders pattern ( not a typical one )
2- trendline break
3- break of support
waiting for the trigger and that trigger is a candlestick break under the grey rectangle
SWN Bullish H&SNYSE:SWM broke out of the head and shoulders pattern, targets on the chart.
Hit the like button please if you find this useful :)
This is only my own view and not a financial advice, do your own analysis before buying or selling
Happy Trading!
Analysis EURUSDHello traders, as you can see that the previous post on EU is that it is making an head and shoulder right now. Patterns are the most important fact of trading and being successful. Now its at about 88 or 71 percent retracement. Thanks for reading! You need 20 pips a day to become successful!
BYND got grounded today, but it creates buying opportunity!BYND got slammed by more than 7% at the start of the week before the new year. But this may give us some space for fresh air and possible buying opportunity. The overall sentiment of markets is positive since President Donald Trump signed the coronavirus relief and government funding bill. The vaccine is rolling out and hopefully, this crisis will soon come to end. Also, markets were down a bit last week and it´s time to even out the losses!
I can see a potential Head´n´Shoulders pattern forming just before creating a second shoulder. My view is that after today´s drop the buy around the price of $123 – $126 is reasonable. I personally believe that bulls will put up a fight. Just in case, place Stop Loss just below the minor psychological level of $109. If the price will go north, I expect to withdraw from my position at a price of around $160 – $165. This could happen before March 2021.
After reaching $160 my future position will depend on market and company earnings in March.
Thank you for reading, and I wish you a happy new year
Bitcoin set for a drop before riseWe should see inverted head & shoulders coming into Bitcoin in the coming 3 years. The last good chance to buy Bitcoin at a decent price will be provided after it retraces 78-88% of the last 2 years rise. There is no point of selling bitcoin. Buy and hold on every dip indicated is the best strategy for me.
Cholafin - HnSCholafin forming Head and Shoulders pattern on hourly TF, Let it break neckline . Targets on chart...
SXPUSDT is creating a head and shoulder 🦐SXPUSDT is creating a head and shoulder on a daily timeframe. IF the price will break the neckline and retests as resistance, According to Plancton's strategy (check our Academy), 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.
Bandhanbank - Inverted H&SBandhanband forming inverted head and shoulders on daily TF.. Buy only after neckline breakout...
XLMUSDT is testing Weekly trendline 🦐XLMUSDT is testing the Weekly trendline and creates a head and shoulder on the Daily timeframe.
IF the price will lose monthly support and flips into resistance, 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.
NZDCAD nice head and shoulders pattern SELL!!!Place pending orders(sell limit)at the given points to take it down for 140 pips profit sure trade don't miss it
CADJPY Daily S/R|Range Mid|200 EMA|Local Volume|Bearish PAEvening Traders,
Today’s Analysis – CADJPY – trading at Range-Mid where a bearish retest is probable, confirming a potential right shoulder of a H&S pattern.
Points to consider,
- Bearish Price Action
- Daily S/R Resistance
- Range Mid Resistance (.50 Fibonacci Confluence)
- Volume Below Average
CADJPY’s immediate price action is bearish under range-mid; this allows us to have a bearish bias on the market.
The Daily S/R levels are clear boundaries respecting by price, break of either will coincide with the overall direction of the trend.
Current resistance, range-mid, in confluence with the 200 MA and .50 Fibonacci, a rejection here is plausible as price action morphs into a probable right shoulder.
The volume profile is currently below average, an influx is likely to when key trade location are being tested.
Overall, in my opinion, CADJPY is a valid short with defined risk; price action is to be used upon discretion/ management of trade.
Hope this analysis helps,
Thank you for following my work!
And remember,
“Only The Game , Can Teach You The Game” – Jesse Livermore
Possible Head & Shoulders Pattern Spotted on AUD/CADIn this morning's KickStart PRO Morning Session, we found a great example of what could turn out to be a 'textbook' Head & Shoulders pattern.
The reason this is still just a potential Head & Shoulders, however, and not yet confirmed, is because, while we DO have the Left Shoulder (LS), the Head, and a clearly defined neckline, we do not yet have a definitely formed Right Shoulder (RS), though this is starting, nor do we have a break of the neckline, necessary for looking at this as a tradeable pattern.
We'll be watching this in the coming days to see how this forms.
YFII/USDT HEAD AND SHOULDER PATTERN================ BINANCE:YFIUSDT ================
head and shoulder mean bearish TIME
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this is Not Financial Advice
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USD/CAD : Head and shoulders detectedHello dear traders,
Head and shoulders shows that the price will go up after the pull back , probably up to 1.36328
just wait for the bullish candlesticks
Please support this idea with your likes and comments, it is the best way to keep it relevant and support me.
Donations via TradingView coins also help me a great deal at posting more free trading content and signals here.
XMRUSDT is testing a neckline 🦐XMRUSDT is testing a neckline of head and shoulder created on monthly resistance.
the price bounce on weekly trendline and on 0.5 fibonacci Level.
IF The price will break the neckline we can see a new impulse, otherwise the price could retest the weekly trendline.
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.
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.
CONCOR - H&SConcor previously had AB=CD and given perfect target, now made Head and Shoulders on Daily Chart. Short Below 361.20 till 345, As 345 has demand zone so it might give a pull back and will try to break neck line of 361.2, Safe Trader can short below 345 if broken with huge volume .
Head and Shoulders - "Learn More Earn More" with usHead 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.
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.
Gold: Head & Shoulders$XAUUSD (4 hour chart): head and shoulders pattern. I believe gold will drop to the trend line in the near future, which should provide a great buying opportunity. My target box is noted in pink.
I'm not a professional or analyst. Just seeing what I see, and sharing it with you.
$GLD $IAU $SLV $XAUUSD
AUDCHFWe have a perfect head and shoulders and a third touch on trendeline with retracement 70%. we are goin long. Remember always have up to 3 confirmation before taking a trade
AUDCAD We have an head and shoulders with a retest and also a third touch on trendeline with 50% retracement on fib. We are going short
