Potential Head & Shoulders in play on BTC so watch out
We could be looking at dropping down to $21k this week with a head & shoulders forming. IT would make about sense with that heading back to the CME gap along with an unfilled weekly pivot.
After another head and shoulder that broke to the downside, we find a similar pattern playing out. As the RSI is pointing down whilst there is a downtrend in play, we are looking for the head and shoulders to be completed and break down.
The next target corresponds with the previous supports of dec. 2018 and aug. 2017.
Head and shoulder pattern seen in kotak bank
In 1D timeframe
This analysis might not be perfect, nor we are sebi registered
This is our own opinion
Do not take any trades by just seeking this, take it on your own risks
ETH hit Head and Shoulders target at $1000 on June 22, 2022. Simultaneously, it bottomed out on the RSI and touched high of 2017.
The chart is aligning to show a major bottom here.
All that is left is to break out of the major and minor wedge patterns that are aligned as well!
Do you agree?
AMB breaks down head and shoulders pattern. Target = $37 in February 2023. Also consistent with down sloping support in parallel channel and March 2020 lows !!!
Please enlighten me if you think I'm wrong on this.
after getting rejection from 10B marketcap polka dot seems to be forming an Head and shoulder pattern on 12 hour timeframe could be seen on other lower timeframe as well.
the point I am trying to make here is next month is September. which is not really good for for crypto statistically speaking. (though anything could happen)
I am looking to...
Netflix (NFLX) has been forming an ascending broadening triangle since May and fully established a support level between 162.71 and 169.70 from the middle of May to the middle of July. Then the price reached a resistance level of about 250 in the middle of August.
In my opinion, NFLX is nearing the end of a 2+ week consolidation period and has formed a bearish...
Classic head and shoulder shoulder training. Now what is happening is an inverse movement symmetry where the first top of 3.0792 has already been reached and goes to the top of 4.418 as indicated in the chart.
Spectacular NEAR both for trading due to its high daily trading volume and good for HOLD due to its fundamentals and development.
Global macroeconomic and...
With the intraday bounce at 3870, $ES is setting up a potential inverse head & shoulders pattern.
Trigger is clearance of neckline resistance at 3920-30, and the target zone is 3980-4030.
Any crossing below 3845 invalidates this pattern.