AUD USD has formed an inverted head and shoulders pattern with a break and retest. Still waiting for strong candlesticks confirmation to go long
As both institutional and retail traders await the OPEC + Meeting later today, we see technically the chart pattern and indicates an inverse head and shoulder and market is expected to break trendline and continue in the upward trend
ARBUSDT has formed Head and Shoulder , a reversal pattern and also break the neckline as well. Will All these confluences put sell pressure on instrument?
The Dow Jones Industrial Average is currently down 55 points (-0.16%) . When price approaches the 33540 level, we will see consolidation between buyers and sellers in the market. If buyers can hold that price, expect to see the DIJA push to 33950 until CPI data is released on Wednesday, May 10th 2023. Earnings Reports and CPI data will inevitably direct...
Weekly Chart - Doji retesting . 80 while closing below . 795 . - Now we wait for price to come up the right shoulder favorably at .7925 later during the week (Tuesday) and look for sell with a 2:1 RR
Today I present to you inverted W chart of BTCUSD. We can see clear impulse down. Because we can count five waves we should form a scenario where PA will correct the impulse. So far we have gotten a reaction from lows and a HL which is the first indications of reversal. To confirm this idea we should see break of wave B of the recent correction in the channel and...
EURJPY has been moving in a down trend for serval day. Current price action suggests that the pair might be in for a short term bullish correction. The patterns we spotted which are in line with our short term up trend basis include an inverse head and shoulders pattern in Daily and H4 time frames with the H4 being the more clearer. We have also spotted a...
AMD is currently 30% off its highs. Since making a low in late January, AMD has found support and has consolidated. Connecting the support and resistance allows us to identify a symmetrical triangle consolidation. This pattern is neutral but it has a bias to current trend. The short term trend is down and I have also identified a potential head and shoulders on...
Elon Musk said he would eat a Happy Meal on TV if McDonald's started accepting Dogecoin as a form of payment. Even BurgerKing, who had joint marketing campaigns with Dogecoin before, commented on the tweet. MCD McDonald's global sales increased 12.3% in Q4, +7.5% in U.S. sales but: Revenue: $6.01 billion vs $6.02 billion expected EPS: $2.23 vs $2.33...
heand and sholder potention on bitcoin dominance... BINANCE:BTCDOMUSDTPERP
USDJPY head and shoulder formation almost complete after break neck line, then First target 111.50 and 110.00...
The Diamond Reversal Pattern proved to the the High High, Higher Low top of the H&S. A break of the pattern Point of Control saw a move to the downside off the right shoulder Lower High Back-Test of the Diamond Pattern, finding support at the Diamond Break 1.236. This coincided with the H&S Pattern Break Target .382.
Head and shoulders reversal pattern at weekly trendline. price has also broke below and restested trendline. A close below .9220 should send this pair down to .9100.
Possibly head and shoulders may be forming on the D, we recently seen distribution before this sell off. Volume and price action will give us a better look. What do you think?
SPX Beside having possibility forming expanding wave (E) (Cyan)(light blue)... SPX On Lower Time Frame Chart .. E.g: 1hour/4 hours might form a Head and Shoulder pattern. Short SPX.. Stop Lost @ 4546, TP @ around 2000...
Hello everyone, if you like the idea, do not forget to support with a like and follow. In the chart we are seeing an inverse H&S forming, we just need the confirmation of the right shoulder that will come if the 0.618 holds (it is possible to see price wicks to the o.786 region. Dont forget to put a stop loss nothing is certain in the market protect...
As we ca see there is a head and shudder pattern is forming and by using our Fibonacci projection from head to the falling shudder we can have 3 TPs zones of short-term trades i shall mention that we are aware of a bearish divergence with MACD and it is the sign of a big fall in the Daily time frame
0.5 fib bounce potential H&S pattern Miner pools are stopping dumping bitcoins SOPR got reset to 0 Grayscale premium went negative All while adoption is right around the corner/ already happening Waiting for confirmation and a retest after breaking out is prudent.