USDHKD INVERSE HEAD AND SHOULDERS PATTERN? ENGLISH MTFAHello traders,
It looks like a double bottom and possibly a head and shoulders in either direction. Really strong resistance that will need to be tested again.
-Live long and profit
zm
Shoulders
Bitcoin TA analyst trainingHi traders and crpyto friends it's BohemianCrypto,
this is my humble analyst for next BTC moves based on Fib Retracement levels, important supports and possible H&S pattern..
After this weekend we will have a gap in CME BTC Futures market from 9.165 to the end of today candle, expecting around 8.300... This gap will be most likely filled...
At the same time we reached important location between 8000 0.382 FIB level and support around 8300.. We can easily bounce from here to fill the gap after weekend... the expected gap has around 12% if will be filled...
After tha gap we can try to get through resist line (red) or drop lower to the level of half H&S pattern which sits around 7200... but this scenario contain break through the support line (blue)... If this happens I really don't know what we can expect then.. halving is coming and I was expecting more Bullish market...
This is just my TA analysis trying to catch some feedback, because I'm still a rookie :D
Cheers
Bitcoin current Head & Shoulder Pattern playing out 1 day chartBased on the current pattern , the 10th March is a key date for Bitcoin. After a reasonable length of time the current head and shoulder pattern is almost near completion.
For me the 10th March is showing as a key date , for this date the candle direction is of interest.
Will it continue its downward direction and fizzle out under €6000 (indicated by 7 downside) or will it bounce from the support line indicated at point 6 and head back up to position 7 upside.
I am on the fence here and looking at a window from €7600 down to €7550 for confirmation of a continuation to the downside before the BTC halving in May time frame.
. Would love to hear your views
Bitcoin - Head & Hhoulder Pattern in the process of palying outBitcoin is in a small H&S formation. The RHS has completed with the LHS in the process of playing out , in my oponion.
If this is the case , the next support , resistence and support should mirror the RHS of the H&S ( give or take a couple of hundred)
With the end of the quarter happening 28th of Feb, we have seen traders taking their quarterly profits.
Buy in at the start of the quarter/year(2020) has yield a handsome return of 2x from approx €3.5K to €7.8K ( doubling on investment)
With Q2 commencing on the 2nd March , the said traders have the opportunity to BUY back in knowing we have already reached €9700 in Q1.
If the H&S plays out , we could be looking at the completion of the shoulder in the first 2 weeks into March 2020.
In my oponion, the price action remaining for the H&S completion is as shown here in this illustration, with key prices numbered 1,2,3 &4 .
Lets hope it pays out this way and that the market does not capitulate at the €7400 mark
This is my oponion and not financial advice. It is my contribution to what I see happening on the chart for bitcoin as it is playing out.
EURNOK BULLISH TREND-HIGH PROBABIITY TO MAKE MONEYReversal pattern for EURNOK completed and ready to go.
EURNOK analyze built reversal pattern what is a reversal pattern, Trend reversal patterns are essential indicators of the trend end and the start of a new movement. They are formed after the price level has reached its maximum value in the current trend. The main feature of trend reversal patterns is that they provide information both on the possible change in the trend and the probable value of price movement.
What pattern do we have?
A head and shoulders pattern is a chart formation that resembles a baseline with three peaks, the outside two are close in height and the middle is highest. In technical analysis, a head and shoulders pattern describes a specific chart formation that predicts a bullish-to-bearish trend reversal.
source: Head And Shoulders Pattern Definition - Investopedia
What is the target?
The target will be probably around 10.60.
Thank you to read and good luck .
AUDJPY SHORT (LONG TERM TRADE, 1M)Head and shoulders forming. Still a ways away to go for a breakthrough as it is the month view, but a downward channel ending one of the shoulders is a good sign. Do not sell yet unless you believe it’s a good idea
iExec inverse head and shoulders going to mooniExec looks really bullish with a huge inverse head and shoulders. I would be in this coin for sure.
GBPCHF - Big drop ahead!Hey everyone, we should start off first with the fact that we broke major support. This shows a lot of weakness for GBP. We have also formed Head and Shoulders that we broke the neckline of, so the pattern is valid, meaning we will see a drop as big as the distance from the neck to the top of the head. We have a few support levels, that hopefully we will break, but taking profits on each of those won't hurt. Good luck!
GBPAUD - Learn From Our History!As we can see, we have the same pattern forming up as we had not long time ago and we saw how good it played out! We have another amazing opportunity to execute after the breakage of the neck line of the possible Head and Shoulders. We have a divergence to support the theory, that the Sellers have the upper hand, so get ready for a nice short soon!
NZDJPY - Potential Head and ShouldersAt the end of the week we could potentially be seeing HS pattern which would give us the opportunity to short with great risk-reward ratio. Trade only after the forming of HS and when it breaks bellow the neck as I have shown in the idea.
How to Properly Sell the Head & Shoulder Pattern for Bank! A head and shoulders pattern is a chart formation that resembles a baseline with three peaks, the outside two are close in height and the middle is highest. In technical analysis, a head and shoulders pattern describes a specific chart formation that predicts a bullish-to-bearish trend reversal. The head and shoulders pattern is believed to be one of the most reliable trend reversal patterns. It is one of several top patterns that signal, with varying degrees of accuracy, that an upward trend is nearing its end. A head and shoulders pattern is a chart formation that resembles a baseline with three peaks, the outside two are close in height and the middle is highest. A head and shoulders pattern describes a specific chart formation that predicts a bullish-to-bearish trend reversal. The head and shoulders pattern is believed to be one of the most reliable trend reversal patterns. Like all charting patterns, the ups and downs of the head and shoulders pattern tell a very specific story about the battle being waged between bulls and bears.The initial peak and subsequent decline represent the waning momentum of the prior bullish trend. Wanting to sustain the upward movement as long as possible, bulls rally to push the price back up past the initial peak to reach a new high (the head). At this point, it is still possible that bulls could reinstate their market dominance and continue the upward trend.However, once price declines a second time and reaches a point below the initial peak, it is clear that bears are gaining ground. Bulls try one more time to push price upward but succeed only in hitting the lesser high reached in the initial peak. This failure to surpass the highest high signals the bulls' defeat and bears take over, driving the price downward and completing the reversal.
Possible Head & Shoulders Set-Up on NZD/USD FX:NZDUSD : Kiwi dollar rallied significantly last week with the RBNZ surprising markets; keeping the OCR at 1.00%
Price action is showing significant weakness at a key level of resistance, with the formation of a rather abnormal head & shoulders pattern.
A break of the neck line seen around the 23.6% fibonacci could see a longer term push to retest the yearly lows, and even start to set new lows for 2019.
INVERSE HEAD AND SHOULDER (CONTINUATION)another case of an inverse head and shoulders price continuation, price to push back to 0.63493 to find support (AS PRICE DOES ALWAYS AND SHOULD) this is the anticipation. if reversal to happen at that point. T.P.1- 0.64399 safe place or set .P.A to watch if the Case is that price will continue upwards (and you have the patience to wait for T.P.2@- 0.65381 sweet place there......
P.As and P.Os should always be carefully considered and patience plays a big part in placing them and protecting that sweet and vulnerable account.
good trading and what not
BTC USD Perfect Head and Sholder pattern will take us to 6500 ?BTC / USDT had experienced very bad time by whale action and btc saw $78000. Most of were waiting a triange breakout bu it did not happened as usual. And now we are on a Perfect Head and Sholder pattern that could take us to $6500.
EURNZD - Daily - Head & Shoulders?It seems the Head & Shoulders pattern is forming in the daily TF.
Besides RSI shows a downtrend meaning the strength of the uptrend is weak.
Lower Volumes when forming the right shoulder, with respect to the previous ones, will be the confirmation of the pattern.
Possible entry after the Breakout of the neckline @1.71
SL @1.7160 given from the 4H TF analysis
TP @1.6545
R/R 8.8
A2M Head & Shoulders - Waiting for final ConfirmationA2 Milk appears to have lost to the bears.
A very distinct head and shoulders pattern has emerged although still not confirmed until neck line is broken.
Taking a look at the relative strength, A2M is under performing the ASX 200 (XJO) which also is a strong bearish sign.
Increased volume on negative candles and on right shoulder shows strong possibility of break down.
Finally the share is closed below the 30 Week EMA, which also signifies a bear movement maybe lurking.
Please note this general advice for educational purposes, carry out your own analysis before entering a position or consult a financial adviser.
Bigger picture - 'H&S' on 3D - missing action on end for nowI was just listening to Mitch (www.youtube.com) last night, and he was saying something about that you are not looking for H&S on way down. I was looking for this parallel channel already 2-3 weeks, in all time frames. Now when i made it a little bigger i saw ATH and it looks like 'H&S' and measured move is terrible. I hope this pattern is incorrect.
EURGBP head and shouldersEURGBP has finally broken the daily ascending channel. the 4H chart has already shown a small retest for the trendline before falling lower however I believe we could come back 0.9000/0.9010 price point which could also retest the trendline before melting. I'm personally looking at a sell target of 0.8850 however we could even see price return to 0.8790 which has previously acted as major resistance and support.
