EURUSD Swing TradeWe can see a perfect break of triple bottom and retest of neckline on the 4 hour timeframe, heading to a beautiful long buy. We see a nice down trend and going for the resistance of the trend line. Just retested the 10 and 20 EMA.
Neckline
EURGBP - BULLISH HEAD AND SHOULDERS 🚀the EURGBP price is in 61.8 FIB LEVEL & DAILY SUPPORT LEVEL .🧐
the neckline is broken & retested ✔
i predict a bullish move 📈 ( BULLISH HEAD AND SHOULDERS PATTERN)
TARGET: 0.86668 🎯
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EURJPY - BULLISH TRIPLE BOTTOMthe EURJPY price is in 61.8 FIB LEVEL and in bullish triple bottom ✔
the neckline is broken & retested ✔
i predict a bullish move 📈 ( BULLISH TRIPLE BOTTOM PATTERN)
TARGET: 143.338 🎯
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Bitcoin Adam and Eve - Invalidating? BTC not able to break the neckline and about to invalidate the 'A&E' formation. Neckline still in tact as resistance and volume dying off. Back into the channel approaching the EQ.
Could see this easily braking down and testing the macro low again soon, the question is if that holds or not because as it stands we need to see bulls step in to hold this area or I think we retest the low.
Again, accumulation takes time! Plan for both scenarios if you are trading, how likely is it that we've already bottomed? How likely is it we retest the macro low?
If you are accumulating like me, I'm acting as IF I am trading this current PA and that means I am withholding entries until I see clarity in direction, this does not scream bottom yet imo.
Stay frosty.
V
TWST - mini double bottomAfter a spectacular fall (of 88%) all the way back to covid pandemic low, TWST appear to have found bottom @ abt $25 on 12th May and then retested this level again on 13 June. There were some signs of high volume accumulation on days following these low.
The 21day moving average has recently crossed above the 50 day moving average and RSI is now showing strength (>60). It is likely that the worst is over for TWST. Any near term pullback towards the neckline around 38 will be an opportunity to long.
Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
BL - potential bullish H&S PatternIt is likey the low of 49.66 hit on 12 May is "the" low for now as we see a bullish pin bar has formed on the monthly chart on relatively high volume.
Now appears to be forming the right shoulder of a Head and Shoulders pattern with neckline around 78. A breakup of this neckline (preferably on relatively good volume) will likely mean the stock has turned the corner with a possible H&S target for around 106.
Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
BTCUSDT wants to retest the Neckline?The price createad a W pattern on 4h Timeframe inside an ascending channel, and now the price is testing the 4h support above the daily structure.
the market could retest the W neckline
How to approach it?
IF and ONLY IF the price is going to lose support, According to Plancton's strategy , we can set a nice order
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Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
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Follow the Shrimp 🦐
RBLX - trend reversed up?RBLX fomed a mini double bottom and had been reversing up, testing the neckline at 36.4 before eventually breaking above on strong volume 2 days ago (5 July).
It is now consolidating in a mini bull flag and the next breakup above 39 would increase it's odds of heading towards 50.
However a reversal below 33.90 would negate this bullish momentum.
Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
USDCHF Double TopUSDCHF has backtested the neckline of a potential Dougble Top as Resistance today and could be headed down towards a 0.886 Retrace next.
Mercedes about to drive down.Hello friends,
on the weekly scale we see a head and shoulders pattern (which is not confirmed yet) . The right shoulder may take some weeks to develope but if completed you should see a down move, around 39,00€.
A strong bearish weekly close below the "neckline" is an short signal.
🤞
NIO - Adam & Eve bullish breakupAdam and Eve (A&E) is a kind of "double bottom" pattern, a potentially bullish reversal signal.
NIO broke out of the A&E patten today on a strong gap, increasing it's odds that the trend has reversed (to the upside) and is likely to follow thru in the medium term. Near term pullback possible (and could present opportunity to long at lower risk) but unlikely to close this gap soon.
Expect some consolidation as it hit into resistences on the way up.
Theoretical target for such a pattern is around $32. Let's see if it will work out (manage positions with trailing stops).
Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
Xauusd after 250pips from last analysis new short setup Hello Traders, as we mentioned our target 1790 now price take a shape m pattern with broke this line with close 4h candle below it will be good confirmation to take 350pips with falling . differs scenario if a price close above 1827 again.
if you like the idea, do not forget to support with a like and follow❤️
AUDNZD It will head down +80 pipsWelcome back! Here's an analysis of this pair!
**AUDNZD- Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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ZM - inverse Head & Shoulders in the making?I am watching to see if a breakup will materialise, and when it does, a high volume breakup will greatly improve the odds of this pattern succeeding.
This pattern is formed over 3.5 mths+ which is rather short (6 months or more prefered), meaning it could face more near term resistences on the way up. If it could go above 135 eventually then the coast will be clearer.
Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
VIPS - inverted Head & ShouldersBullish argument for VIPS:
1. formation of inverted H&S
2. now above 200 days moving average
3. held above neckline and 200days MA for the past 2 wks
Less bullish:
volume is below average (would have prefered to see stronger volumes esp upon breakup)
Let's see if this inverted H&S will work out.
Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
What a difficult market...AMEX:SPY
I thought that we broke the neckline nine May, I expected a retest of the neckline, but I did not expect a cross back above.
But what caught my attention is that the rallies occur on light (under average) volume.
Maybe this could indicate a bull trap.
I can not wait for your response and vision on the current market.
I wish you all the best
This is no financial advice.
Tech possibly on reboundThe Nasdaq .IXIC has been growing increasingly RSI Divergent which could see the tech sector rebound. If the neckline of the double bottom is crossed around 12000 near term gains can take the index to an inverse Head and Shoulders pattern (green path).
On the other hand if the resistance is strong at the neckline, the descending triangle pattern could play out, but with less intensity as it seems to be reaching the apex.
Nearing the Neckline of the 2020 Market Collapse BottomThe "neckline" of the bottom after the market collapse of 2020 is very strong support as the selling at this juncture was a panic mode due to the pandemic economic lockdown. Stocks collapsed beyond fundamental levels at that time.
This support level is going to thwart downside action for many stocks near this area. This kind of pattern warns of the impending end to heavy selling down. So, many stocks should develop a bottom around this level.
Example: The neckline of the 2020 bottom formation for CMCSA is at 39.49. But this is NOT confirmation of an entry point yet. Best to wait for a breakout of the current basing action. Bottom formations can take a while to build sufficient buying energy to move up sustainably.
AUDUSD LONGOANDA:AUDUSD
AUDUSD formed a reverse head and shoulder, breaking neckline/resistance. Waiting for a retest to enter
BTC broke the neckline.I’m sorry for the people who lost much of their money.
But what to expect now? there is a possibility that we will now see a small rally back to the neckline, we will then test that point (≈33500$) to see if it serves as resistance. Yesterday we did this same process with the SPX, and it's not looking very good yet. Of course I'm not a fortune teller either, but please beware. For some suggestions on what's important not to forget, take a look at the 'related ideas'. I wish you the best! This is not financial advice.
Please leave a comment if you have any questions.
BITSTAMP:BTCUSD
GBPUSD - BREAK OF STRUCTURE 🚀🚀🚀
the GBPUSD price is in weekly support level & falling wedge pattern .
i predict a bullish move 📈 i'm waiting for breakout and retest in the key level (buy confirmation)
TARGET: 1.26750 🎯
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Bitcoin - HAS patternBITSTAMP:BTCUSD
The head and shoulders pattern on BTCUSD.
I see a huge HAS pattern on the weekly chart.
Please correct me if I’m wrong. This is all just an assumption.
- Volume is very low on the tops, and is expanding when the trend is moving downwards.
- We might see a break of the neckline in the near future.
- When you measure from the top of the middle peak till the neckline, and you move that measurement downward you can see that there is a huge profit potential.
- Last couple of weeks volume expanded and it maybe will multiple, once the neckline is broken.
What to expect after a break of the neckline?
- Once broken than after a couple of weeks we can expect a rally back to the prior neckline, which will now act as resistance (mostly, prior resistance becomes support once broken, and vice versa)
Or?
- Or we can bounce at the neckline, and the neckline will serve as support, and the trend turns bullish again.
Please let me know in the comments, where you think Bitcoin is headed.
Grab A Pair of Nike’s For A Friendly Game Of…Grab A Pair of Nike’s For A Friendly Game Of…
...head shoulders knees and toes!
I’ve identified a head and shoulders pattern on Nike’s (NKE) weekly chart.
My plan is to swing put option contracts on NKE. The measurement from the neck to the head is approximately 55.69 ticks. Therefore, the maximum price move to the downside is 62.99.
On another note, I was looking at Nike’s trend going back to 2016 and identified several bullish patterns along the way that made me smile with glee. I like this stock and will pay attention to it more than I have in the past.
*This is not financial advice.
“Check” your head and shoulders,
Al
