I think Snowflake has been following a Head and Shoulders pattern since the 2022 bottom. It may go down further from here, and a double bottom at the 2022 lows is possible if there is a free fall. I might wait to average down for this long term investment.
I saw some other stocks of the same segment doing bullish patterns. We have a potential double bottom fighting with downtrend line resistance. I think is going to bounce back and forward between the 13.5 support level and the downtrend line until something breaks. The double bottom (inverted HS in the daily timeframe) tells me that the price wants to break up the...
Disclaimer, these ideas are for my records of what I see in the market after taking a trade. It will help me document the reason of why I took the trade so I can have a track record. And as such, this is not a financial advice. Wyckoff was marked on the monthly timeframe. For me, GTLB is doing wyckoff accumulation and I've marked the zone I'm waiting for...
Judging by the Daily-timeframe build-up, we might imply that the price has nicely tapped into the liquidity region laying above the right shoulder of the recently formulated Head&Shoulders pattern, and now we are observing bearish moves in the destination of two zones - the pattern neckline and the 0.888 key level. Upon reaching the pattern neckline (0.9 region),...
iHS + daily Cloud E2E attempt entry: accumulate when confident, add on breakout, add on neckline exit: 1.618 + measured move stop loss: <R Shoulder NFA
Hi guys Considering the consumption of the specified range, the probability of reaction to the specified price range is very high. On the higher time frame, the probability that a higher ceiling will be formed compared to the previous ceiling is very weak. As a result, our bullish view is short-term for now. What do you think?
Would like to see a rejection act as support on the right shoulder also key 618 FIB LEVEL
A huge significant head and shoulders pattern has emerged in GOLD on a 4H chart, with the price also creating a bearish flag pattern as it forms the right shoulder. Both the support line of the bearish flag and the neckline of the head and shoulders pattern have been breached, with a 4-hour candle closing below them. It is likely that the pair will now decline...
GBPAUD, wait break 1.9230 with full candle dan wait for retest, will give us oppourtunity for inverse SHS pattern. with target Take profit at 1.9400-1.9450 dan SL i will put at 1.9130. Lets See Happy Trading Disclaimer On
We looking at everything that was at their all time high I believe we going to see corrections in most if not all indices/Fx pairs/Crypto Its impossible for everything to fall at the same time as money has to come out somewhere and be put into something so we might just see these things give each other time to correct prices
Fairly big candle that closed above the neckline too and the bigger the candle the higher the probability that it can flip that neckline to support. However we all know how often price action will fallback below an invh&s neckline before the real breakout occurs, so for now there is no confirmation or validation that flare has broken up from this pattern just yet....
Head and shoulders pattern, neckline should be broken soon. Either wait for strong break or neckline or you can enter short trade just now. More later, good luck
Hi guys, I spotted head and shoulders pattern in making on GOLD as you can see on the chart. It is interesting, that we do have confluence with nearest support level and neckline of H&S. It could be a good idea to wait for breaking both neckline and support level, ideally with some high volume. After that we could go short to the next support. Please tell me...
BITCOIN: Bearish – Head and Shoulders + Ascending Wedge Two classic Chartist figures were detected by the Wolf of Zurich: 1- An “ascending wedge” which would bring the price down towards $62,632. 2- A “Head and Shoulders” which would subsequently bring the price down to around $52,080. The EMA.50 and 200 also remain potential targets caution.
Yes I know it is up 4X in a month But it has momentum, strength, uniquness, newness, deep liquidity and its ontop of the mother chain of speculation #ETH. Let alone the continuation pattern that we have in front of our eyes. If I had fresh funds that had just came into coinbase these are the coins you should be on the hunt for.
Dear Traders, Relative to USD Index analysis just now, We were expecting to have bearish move for Gold. Looks like we have found an indication the market might reverse. Any entry please have some based reasons. We targeting the market might pull-up and make HNS pattern before proceed to go down and head towards $2100.00 in upcoming weeks. TVC:GOLD
GBP is looking good across the board. I think in this case the inverted HS is not done, this is just a retest. Very low risk on this trade and good reward. The pair just landed on a support area (broken resistance) and looks that is going to accumulate and then bounce up. SL triggers is the support is broken by a weekly candle.