There is a chance that price could continue bullish from here, BUT I can NOT ignore the fact that there is a weekly head and shoulder possibly printing. Which will send price bearish for quite a bit. On top of that, price has not really broken this area of price since 2021. This is a key level of price for EU. There has been 4 bearish engulfing candles in this...
🎯 TL;DR Potential IH&S + W3 Target: $26; W3 Target 2: $32; High Confluence 📈 With the recent dip to $15.3, BITGET:LINKUSDT might be forming an Inverted Head & Shoulders (IH&S) pattern with a $26 target. The 50VWMA is acting as support in this area, and TD Sequential printed a Perfect Buy Setup (red M9) yesterday, offering additional confluence. This retracement...
Hey guys! Found a setup I happen to really like that Carvana NYSE:CVNA has been forming this past few months. I generally would stay away from a company/stock like Carvana, as potentially bankrupt-bound companies are not what I like to trade. But I couldn't help but realize the Cup & Handle being formed on the weekly chart currently. Below are some highlights...
Crude oil from Weekly timeframe is showing sign of weakness after form head and shoulders pattern. But let’s watch and see if $65 zone can be broken if that happens $40 is next
Glenmark Pharma has completed a long-term inverted Head & shoulders pattern. It is now looking bullish with an upside move of INR 500 from current levels. Almost 2x. At present it is at the 0.5 resistance level of the Fibonacci chart
Hindustan Zinc has completed the long-term Head & Shoulders Pattern recently and is looking bullish with an upside of INR 150 from current levels in the near term of 12-18 months horizon.
Ripple is going to complete an head and shoulder that will push price down a last time to touch long term support trendline This will be a good entry point to catch the long waited upside move
EURAUD formed a huge inverted head and shoulders pattern on a daily time frame. With the release of the yesterday's fundamentals, the price bounced and violated the neckline of the pattern. Growth may continue next week. Next resistance - 1.6475 ❤️Please, support my work with like, thank you!❤️
Tesla Daily chart is looking like it's gearing up for a BULLISH momentum shift. I'm liking the structure that it's potentially looking to place. I will be focused on locating a bullish engulfing candle closer towards the previous resistance level or close to the 50% retracement level. We shall see what happens, but I am liking Tesla to obtain some bullish momentum.
What Excites Me I'm anticipating a big pull back (see my last post for details) to happen for Gold, but S/D, and volume analysis suggests that there could be a better entry on the horizon! What I'm Looking For I would be willing to short if I could get in from $2400 upwards. I would also be willing to reassess things if the market made a lower low. But as...
Potential opportunity for longer period inverse head and shoulders to play out. Could be limit order entry opportunities. This would help build strong support base, as well as give the cycle the time it needs to be a right translated cycle instead of a left translated accelerated cycle. That puts us end June before move to crush through ATH.
On the daily timeframe, STRK was in a bearish trend. Then, it started forming the Wyckoff accumulation pattern, which included a bearish candle with a long wick, marked on the graph as SC for Selling Climax. Then, we had the AR for Automatic Reaction, followed by the ST for Secondary Test, UT for Upthrust, and another STB for Secondary Test in Phase...
Hey everyone! If you're enjoying this analysis, a thumbs up and follow would be greatly appreciated! Bitcoin (BTC) Update: BTC is forming a bullish inverse head and shoulders pattern on the daily timeframe. The price is currently attempting to break above the neckline, which could signal a significant price increase. Here's what we're watching: Confirmed...
Thanks to @TORNADOF5 for reminding me about this. A friend sent me a tweet last night about how banks are levered up on debt and that prompted me to look at the chart of KRE. As you might remember, AMEX:KRE was one of the worst performing ETFs at the beginning of this year with the failure of a ton of local banks. But since earlier this year, I haven't...
MANYAVAR formed a reverse head and shoulder pattern on daily chart. For quite some time this particular stock has been going down but now shows signs of reversal. Stoploss can be had just below the breakout candle. Also note the wick on 4th June indicating strong buying pressure at those level. Target can be just below the resistance level marked. This trade...
Lovely continuation pattern $1000 is going to be reclaimed today And with a potential 20% upside. Expect momentum to help push this thing to these projections. Best of Luck Make the most of the meltup!
Not clear cut But you can make it out if you squint. Either way another new for the cycle blockchain, should periods of expansive growth Just recognise it's not the next coming :)
WTI Crude Oil is testing a recently broken horizontal support. After a violation, it turned into a potentially strong resistance. Approaching the underlined area, the price formed a head and shoulders pattern on an hourly time frame. A breakout of its horizontal neckline is a strong intraday bearish confirmation for us. We can expect a bearish continuation...