OKX:BTCUSDT has created a classic Head & Shoulders pattern on the daily timeframe. If it confirms below the neckline, we could see a pullback to $60,500 - the same distance from the peak of the Head to the neckline from the breakdown. This is not actionable until it confirms, when a candle closes lower than the first candle closing below the breakdown. Given...
Hello Traders, Skyboxpips here! Gold formed an Head and Shoulders pattern on the daily timeframe. Expecting price to buy before falling. Will continue to monitor Gold behavior
After yesterday's sell-off I started to wonder what would happen if BTC would fall again and how the price action would look like. If BTC were to go down again I'd look for a retest of the 61k-60k area (purple dotted line). This area has proven to offer strong support, and can be a stepping stone for an inverse head & shoulders pattern. Keep in mind that BTC...
In this chart of BINANCE:BONKUSDT , the coin is forming a head and shoulders pattrern, citing a possible bearish move for the coin on a day trading perspective. But why am I bullish for the coin? More details on the idea thread below.
Over the last week or so I've made a few posts on Bitcoin's inverse head & shoulders pattern, which is a bullish reversal pattern. In my initial post below I expected the reversal to come in earlier, but apparently we first had to go down more before the right shoulder was completed. As of now, the H&S pattern is confirmed (unless we dump in the next ~30 min)....
BTCUSD is exhibiting signs that it may be forming a head and shoulders pattern, a critical development that could indicate a potential reversal in the current trend.
Bitcoin has been trading fairly neutral over the month or so. In the process, an inverse head & shoulders has been formed. This is classically a bullish reversal pattern. In my eyes, this could be the definitive pattern to shoot BTC back towards the ATH around 73.5k, potentially even making a new ATH. Note: the pattern has not been confirmed yet, so wait for the...
The closing price of the second shoulder is observed to be lower than the first shoulder, indicating a potential reversal pattern. Furthermore, the price action is positioned below the 200-day Moving Average (EMA), reinforcing the bearish sentiment. Additionally, I noticed seven candles on the first shoulder and head. PHEMEX:BTCUSDT.P May 7, 2024, 2:25pm
TASI has been in uptrend since October 2023 Regional situations also not in favor of good upside potential Head & Shoulder formation is clear with breakdown and retest of neckline 12,000 levels are good support level (H&S Formation target) Trade with tight stop loss based on individual stocks setup. Monthly and Weekly still in uptrend (HH, HL...
Price is taking correction Inverted Head and Shoulder Pattern formation in process Take entry after Breakout of Neckline Morning Star formation at support line Entry after breakout and retest Trade with proper SL
We expect further downside on this pair, signalled by the formation head and shoulders pattern breakout. We can also see the breakout of a short-term trendline and key level supports our directional basis
We expect further downside on this pair, signalled by the formation head and shoulders pattern breakout. We can also see the breakout of a short-term trendline and key level supports our directional basis
AJ formed a Head & Shoulders pattern then ended the week with a dump. Moving forward this week I'd look for the retest here of the neckline for the next bearish wave opportunity!
yesterday i had two amazing bull runs with USDCAD and GBPAUD taking my acount balance from $102 to $469. This morning during london i entered two seperate positions which was EURCAD and EURJPY. Both trade were in profit until after london then we got a huge move down causing mme to close at a -$78 loss. The account balance is now $361 and ive entered EURCAD for...
The company is reducing debt. Financials are improving. FIIs have increased stake. Momentum looks good with the stock hitting UC in the last couple of sessions. Head and shoulder pattern on weekly chart looks good, with support on 21 levels Entry - at CMP SL - 20 Target - 34/52
USDCAD structure looks pretty amazing on higher and lower timeframes. really not much to say. everything is in the videos . hope you guys watch the whole thing and paying attention
EURAUD overall was in a pretty convincing correction stage. the overall market behavior was showing correction swings or pull backs so i dissected the market until i understood what was happening to then enter sells.
XRP is currently in an ABC correction pattern that is forming a perfect Head & Shoulders pattern. If price action continues to drop, I expect it to hit the lower range of the descending wedge indicated by the purple box, which could act as a launching pad for the next wave up. Good luck, and always use a stop-loss!