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Neckline

H&S break of neckline and retestA very promising shorting opportunity at EUR JPY after a recent H&S pattern formation. Targets above the right shoulder and targets around the 130.91 level as this is a level where the price consolidated in the past. We also have the 50% retracement confluence after taking into consideration the most recent swing high to swing low. If we pay attention to the RSI we can also notice the price has recently went into the oversold territory which relates to a push to the upside and a retest of the neckline is likely - this will offer a better opportunity for entry.
Short
by Rafal001
USDCHF | Perspective for the new weekThe probability of the Greenback to do a substantial drop in the coming week(s) seems to be high following the appearance of a reversal pattern in the structure of a Head and Shoulder on the Daily chart. Tendency: Downtrend (Bearish) Structure: Supply & Demand | Reversal pattern (Head & Shoulder) Observation: i. As far back as 2010, It is interesting to observe how the Fr0.92400 zone has been a major determinant of the direction of price action as soon as it is broken or tested (See your weekly chart for reference purposes). ii. Since the price broke above the Key level @ Fr0.92400, it has been difficult for buyers to continue with the same momentum as the Fr0.93700 level was met with sharp rejections that led to lower highs. iii. Head & Shoulder: a baseline with three peaks, where the outside two are close in height and the middle is highest. iv. The appearance of a Head & Shoulder at this juncture in the market describes a specific chart formation that predicts that a bullish-to-bearish trend reversal is imminent. v. In this regard, I shall be looking forward to a Breakdown/Retest of Neckline which is also a significant Key level in the coming week for confirmations. vi. This being said, the early hours/days of the new week might see a rise into the New Supply level indicated on the chart before the decline begins. However, it is most comfortable to have a position below the Neckline to join the potential decline... Trade consciously!😊 Trading plan: SELL confirmation with a minimum potential profit of 150 pips. Risk/Reward : 1:3 Potential Duration: 4 to 10days NB: This speculation might be considered to make individual decisions on the lower timeframe. Watch this space for updates as price action is been monitored. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Short
by darcsherry
1
Ankr Moontides SeasonTraders if you have been wondering what is going on in the market. Hyper Inflation ... aka wave 4/5 - Hyper Inflation empirically happens very fast. - Research news about the current federal reserve situation. Chart - Double Bottom formation pattern. - For a double bottom formation to be complete it must first must make a higher low. - Second, make a higher high - Third, break previous resistance neckline in fashion. What is there not say about Ankr. Cross Chain pioneer.
BINANCE:ANKRUSDLong
by AthenticWhale1
2
BTCUSD Double Top is forming and only after that dump is ahead As we can see the price was bounded here for about 2 days and in lower timeframes, it is creating reversal patterns like this double top if the price sees some more correction and break this local support and neckline then a huge fall is ahead. price need to retest Fibonacci levels and at least 0.38%. Targets and supports ahead : A. 42500 B. 40000 C. 37300 DISCLAIMER: ((trade based on your own decision )) <>
BITSTAMP:BTCUSDShort
by MMBTtrader
48
Golden Cross & Kumo Twist FET/BTC #FET $FET #FetchAIHere we see our FET daily chart with that beautiful pump from yesterday . The neckline ( in red ) of our Adam & Eve Bottom has been hit and once we can consolidate for further upside we should hit that 1900 area which was the target of the Adam & Eve bottom. But also notice there are some other bullish indicators right now on this chart . We have a small Golden Cross happening with our light blue 50 MA line crossing up through our dark blue 200 MA line - and that should happen later today.And we had a Kumo twist on our Ichimoku cloud which has now gone from red to green. Everything is looking great with this chart ! I'll do an updated Gann Fan chart for FET very soon . Because FET has really been respecting it ! My Adam & Eve bottoms idea is linked below . Thank you !
Long
by shimmeringpath
5
WTI: Weekly Forecast 18th July 2021WTI has a rollercoaster ride last week as it tumbled around 6 dollars but managed to fully recover and ended with a small gains. The selloff is largely due to the OPEC+ effort to increase oil supply to stabilize the oil price but still, it has been outweighed by the growing inflation expectation globally. However, there was some significant breakout of the bullish structure such as the breakout of the bottom of an 8-month rising channel and a strong rejection from the major equilibrium level 77. As such, we might experience a period of ranging market between 77 and 65 for another couple of weeks. This week, we will first look for selling opportunities since the price is currently at the upper band of the current range and may face rejection at the current neckline level as well as the bottom of the previous rising channel. However, we still maintain a overall bullish view for the simple fact that inflation will continue to rise amid a global recovery from the pandemic.
TVC:USOILShort
by AlgoVenture
1
Bullish- Long PlayAfter consolidating in a long regression trend for quite some time, SEDG is holding within a triangle while forming an inverse head and shoulders, (orange- neckline). SEDG has earnings on 8/3' along with ENPH. Looking for a run up to ER. Both previous price targets hit (see previous chart), undoubtably a long-term play, should provide multiple good entries. Bullish PT1- $274.79 PT2- $283.67 PT3- $290+ Looks like SEDG has finally bottomed after quite a long, and in my opinion a much-needed pullback. SEDG recently was upgraded by Goldman Sachs, will be looking for long entries as there appears to be a Cup and Handle forming as well, bullish . PT1- 260.77$ PT2- $270+ (Boxes are RSI based Supply/Demand zones)
NASDAQ:SEDGLong
by jacobosiason7
4