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.
Trade Idea: Short US Oil (WTI Crude Oil) Analysis: Head and Shoulders Pattern: The Head and Shoulders pattern is a classical reversal pattern that typically forms after an uptrend and indicates a potential trend reversal to the downside. In this case, the presence of a Head and Shoulders pattern on US Oil suggests a possible reversal from bullish to bearish...
There is a clear head and shoulders pattern on the daily chart. Lower time frames also support a bearish bias. The beginning of the right shoulder presents a great entry point. It is also a great opportunity for mean reversion traders.
HS confirmed. SL triggers if a weekly candle CLOSES above the resistance at 122. It should go very quick. Good luck.
AKRO Has One Of The Most Clear And Perfect Charts Among The Market. In Classic View, It Formed So Sweet Patterns And All Of Them Did Exactly Well, Now We're Going To Look At It's Chart From Super-Big Picture And Find The Very Ultimate Pattern . Let's Go. 1- The First And The Most Important Thing Is The Monthly Change of Character ( CHoCH ) That Happened In Aug...
Head and shoulder pattern... Primary target : 600 Final Target : 534.6
The upward trend of XLK experienced a halt in mid-April, marked by a price breakout below the swing low at $197.3. By retracing the price action from January 2022 to October 13, 2022, a potential pattern emerges, suggesting the formation of a 'Head & Shoulders' reversal pattern. XLK had been on an upward trajectory from October 2022 until April 2024, largely...
✅LONGTERAM Road map of Bitcoin🍻 🌟The Bitcoin is in a Bullish phase by ⤵️⤵️ ➡️falling wedge pattern it means that the price would increase and the price has already broken the pattern! ➡️the BTCUSD has finished It's first five waves of Elliot wave principle movement (12345 Impulse wave) . The possibility of starting a impulse 5th waves!!! ➡️the price now is...
Auto Axles has been corrected from 2449 to 1860 by forming Lower High and Lower Lows. Price has been reverted from supply zone (1730 - 1800) on weekly time frame. It has formed higher high recently showing possibility of trend reversal and has also formed Head & Shoulder pattern on daily time frame and current price is near to neck line of H&S pattern, Having ...
USD/CAD H1 Chart - Potential Short Entry Based on Head and Shoulders Pattern The USD/CAD H1 chart might be presenting a shorting opportunity based on a possible Head and Shoulders pattern. Pattern: Head and Shoulders (Bearish Reversal) Description: This pattern consists of three peaks: a left shoulder, a higher middle peak (head), and a right shoulder that...
Hi Traders ! On Tuesday 16 April, The USDCAD Reached The Resistance Level (1.38088 - 1.38549). The Price Formed a Head and Shoulders Pattern. Currently, The Neckline is Broken ! So, I Predict a Bearish Move 📉 TARGET: 1.36300🎯
The technical pattern is fantastic. Multi year breakout and huge improvement in fundamentals. Note : Study for educational purposes only
In this chart we have observed a Head & Shoulder pattern on 1 day time frame, Bearish Divergence also spotted which leads to a significant to position to go down from the neckline. so we placed Entry, tp & SL points accoridingly.
Perfect HS, I'll short it of the price bounces up and test the broken neck (blue line). I think next week will be green, I'll use it to short this. SL at 19.
Head and shoulder formation on 1D chart. Possible downside of EURUSD pair
In 2 D chart ada looks bearish as consolidation of the H&S pattern. Price now trading below 50Ema which confluence with 0.5 Fibonacci resistance...that's a pure bearish sign ...we expect 20% bearish wave from here. Thank u and for more ideas hit "like" , "follow"!🎯
Targets mentioned on chart Disclaimer:- Please always consult with your financial advisor or do your analysis before taking trade
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