Bitcoin Analysis complete ! Inverse Head&ShouldersA little insight on the Inverse head and Shoulders
An inverse head and shoulders, also called a "head and shoulders bottom", is similar to the standard head and shoulders pattern, but inverted: with the head and shoulders top used to predict reversals in downtrends. This pattern is identified when the price action of a security meets the following characteristics: the price falls to a trough and then rises; the price falls below the former trough and then rises again; finally, the price falls again but not as far as the second trough. Once the final trough is made, the price heads upward, toward the resistance found near the top of the previous troughs.
I call a short short (a short sell)
And as always for bitcoin:
Stop Loss = 500 pips
Take profit = 5000 pips
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Zonetrading
XAUUSD Analysis complete Inverse Head&Shoulders !.Price is going to touch the confluence zone in order to form one part of the inverse right shoulder before we long price to the moon.
Let me explain what the head and shoulder pattern entail and how to trade it..
THE HEAD AND SHOULDERS PATTERN
A head and shoulders pattern is a chart formation that appears as 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.
NORMAL H&S
Left shoulder: Price rise followed by a price peak, followed by a decline.
Head: Price rise again forming a higher peak.
Right shoulder: A decline occurs once again, followed by a rise to form the right peak, which is lower than the head.
INVERSE H&S
Left shoulder: Price declines followed by a price bottom, followed by an increase.
Head: Price declines again forming a lower bottom.
Right shoulder: Price increases once again, then declines to form the right bottom.
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Trading Zones after pre-market drop (May the 4th be with you!)These zones were created starting with a daily chart . Previous day and overnight values mapped with colored lines. Pivots (blue lines) were established on the 1H chart with woodie points to confirm strong levels with prior volume profiles. Auto-fib levels were also used to confirm next best trade opportunities.
Morning sell off after Jerome Powell speech yesterday...
May Be A Pullback Before A Bullish ContinuationLooks like a correction is happening before we continue the bull run with this pair. I missed the move paying attention due to watching higher volume pairs, But will keep an eye on it this week from here on out. When this pair moves, it MOVES. So here are the TPS I want to see the price complete when it makes a full decision where it's going.
BULL TPS
1.49803
1.50555
1.52001
BEAR TPS
1.48504
1.48060
1.47507
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opportunity zones and next best trades 4/29These zones were created starting with a daily chart. Previous day and overnight values mapped with colored lines. Pivots were established on the 4H chart with woodie points to confirm strong levels with prior volume profiles. Auto-fib levels were also used to confirm next best trade opportunities.
sp500 mini 4/22 zones and next best trade ideas These zones were created by combining several indicators, as well as Fibonacci and volume profiles.
I started by laying out 3 point spread rectangles on high volume nodes on the volume profile , and then refined those zones based on previous consolidations. I then add overnight/intraday ranges levels, highs and lows. I map out auto-fib retracement levels (as well as reversed auto-fib levels), and 1hr woody pivots on a 1hr timeframe. I switched to standard pivots and mapped those as well. With all of these levels marked, I looked for areas where they were grouped and further refined the rectangles. I also noted where the 34/50 ema cloud vs 5/12 ema cloud are in relation to the zones.
Trade opportunities are marked in orange, looking for pullbacks and breakouts.
NZD to drop against the USD?Tough one to call on this due to the big move up in to the sell zone I have marked out.
Few levels of confluence, including the Fib Retracement Golden Zone, possible popular Price rejection based off fixed Range Volume Profile.
I will wait and see what type of structure gets created on lower timeframes and then decide where to enter should an probable opportunity arise, plenty of targets to aim for on both buy and sells on this one.
Finally Good News For PolkaDOT!The price has been respecting an increasing trendline since it has begun the bull run. On 22 February, the price has experienced a very strong rejection of this trendline, and also around 22 march, a rejection is noticed. All this adds confluence to the fact that this trendline has become support. From 20 February till 20 March the price has failed to break a strong support zone (drawn in grey) many times and kept bouncing between 31$ and 37$. Recently we noticed a breakout of this zone where the bullish candles closed above this zone and now the price is testing it which transforms the old resistance zone into a support zone. The price can have a bullish run either soon or until the price touches again the trendline.