#GME INVERSE HEAD & SHOULDERS FORMING ALMOST COMPLETE#GME INVERSE HEAD & SHOULDERS FORMING ALMOST COMPLETE
Shoulders
More downtrend expected I've been expecting this fall since 2 months ago and my target is just above 50, there are still very strong support at 59.24, following the bearish Bat harmonica I expect the price goes back up to 64.04 then fall forming an H&S heading around my mentioned target which I calculated following pre-covid data FX:USOIL
AAVE short shortPotential short term short opportunity.
Might offer a long opportunity also. If it rebounds back above the neckline and invalidates the H&S, it would likely be a good long, as bulls would be back in control.
Right Shoulder on Dow/GOLD?I had drawn up this chart not long ago, with 17.7 as a significant level of resistance where god might begin to outperform and allow it to catch up on the otherwise stellar performance of the DOW in comparison.. No way of knowing but with time!
we can see that the it seems over-extended, and that the stoch is turning down. It also might require a re-test of it's channel breakout.. a failed re-test is where I would get excited, but I'm not holding my breath!
head & shoulders forming ????as you see we crashed threw one pattern of head and shoulders, could we now be forming a larger one, ? keep watch , this is just a simple idea
GBPUSD shortGBPUSD formed inverse head and shoulder on the hourly chart, but it was only a fake breakout the 78.6% fibonacci retracement. In my opinion the next support is between 1.34-1.345. I recommend to open short position on market price, with stop loss around 1.38, and Take profit around 1.34(Risk:1%).
Trade at your own risk.
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macro week bounce zonedepending on how we play out for the next couple days. Watch for that 21k i was speaking of
she gonna skew ngl i did not forsee us sticking this tightly to an advancing reverse H&S however, here we are, way above prior ATH. Next up we begin trading that final shoulder. I belive this will kick off a consolidation phase which may trade down to 21k range.
area of interest is marked in the elliptical.
apologies for the line puke of a chart. hide drawings to view coherently.
Trade safe and be smart
NZD/CHF Swing H&S Forming?Possible Head and Shoulders on NZD/CHF!
Lets keep watching this pair and see what happens!
DovyFX
Potential Head and Shoulder - Target 15kA potential head and shoulders is forming on the 4Hourly time frame. If neckline is broken , the target is 15K
Also, a brearish divergence on all larger time frames
GBP AUD showing bullish reverse head and shoulders patternDo the analysis for yourselves and learn to become a better trader. If it passes the first resistance, it will target the second resistance. It is trying to head in the upwards direction. Follow me for more tips and ideas. Also, check out my website Traderhero.tk to become a skilled trader. Stop losing money, start gaining!
Bearish Head & Shoulders Pattern (1H)There are many interpretations of the Head & Shoulders Pattern.
After much research and back testing I have created a simple process using bespoke levels to objectively identify and trade the pattern.
Through extensive research into Harmonic patterns (in particular the Butterfly ) I have discovered how to accurately predict where the H&S pattern will occur.
The Butterfly Pattern Forms the structure of most H&S patterns.
ETH inverse H&SSo obviously ETH is going up along with the rest of the market, but this offers good targets to take some profits.
Whether you measure the shoulder depth, or the entire H&S depth, it matches up really well with the $440 and $480-490 resistance levels.
I expect a pullback at both of these levels, but of course ETH will go much higher in the long term.
YFI resumes upward after possible completion of H&SYFI has made a good volume recovery. I will be waiting for the 8hr retest of the closest S/R line and a good resumption before going long. A safer entry would be the retest and resumption around the 21000 S/R line. It would also be above the EMAs at that point.
SPY going UP, buy, buy, buyInverse head and shoulders signals conclusion of down trend. Place your buy orders now with a stop at 330. Going up, up and away.
YFI is one big Head and Shoulders patternIf you want a safer entry, wait for the 8hr retest of resistance at 21000
I think I spotted an early head and shoulders pattern at NZD/CADHello guys and girls,
hier is my idea,
I think for all of you who are familiar with the head and shoulders pattern,
you know how to read my drawings on this chart. I'am already short on this one,
maybe a little bit to early, but we will see. Pleas feel free to share your
opinion about this trade in the comment section.
With best regards,
Jens
