Downtrend breakout with reversal head and shoulder. This look like trend breakout going high.
H & S on 4H, sell at break of neckline. target TP 1.20500. Stochastics in overbought conditions on weekly and daily.
AUDUSD did not have enough bears in the market to break below 0.74812 and stay below it. Instead a bullish engulfing candle was formed on the daily time frame. Which can be viewed as a fake-out and possible head and shoulder pattern on the 1hr time frame. Leave like if you agree and follow for more Updates on AUDUSD GBPUSD.
COMPUSDT is testing the 0.618 Fibonacci Level after an Inverse head and shoulder. IF the price will have the 4h breakout, According to Plancton's strategy (check our Academy), we can set a nice order ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. ...
Couple of confluences on this chart, looking for it to continue bearish. 1. 2nd Shoulder forming at daily candle bodies. 2. Trend line break and currently re testing 3. 61.8% & 78.6% Fibonacci Retracement Expecting this to continue to my 2nd long term target from May of $0.20. Needs to get back under $0.58 and have a strong timeframe close like a Weekly / Daily.
Looks so familiar, but this resistance level is tougher to break at the neckline compared to the previous.
Hi all This is the first time I am publishing an idea on TV - hopefully it's useful to you guys and your feedback would be educational for me! I've annotated my thoughts on the charts themselves, let me know what you think?
#BTCUSDT $BTC price is above middle line of parallel channel, close above the resistance zone can help #BTC reach $37680 that is upper line of parallel channel. also there is a reverse head and shoulders pattern, that if 4h candle close above neckline, then price will reach $42500.
Upside down head and shoulders possibly forming on BTC
1. crazy wedge breakout which led to the 34000 consolidation zone. 2. after hitting resistance at 34800. this price level could be a potential breakout zone 3. inverse heads and shoulder pattern buy at 34800(early entry) buy at 35000 area 4. reminder: this is currently a bear market price could easily continue to fall. sell at 34000 if price breaks below
Shoulder compliting neck line and BOOOOM!