Not great in spotting H&S yet. We did have some bullish sentiment in the market and now formed this, that seems to fit in the plan of a H&S. The shoulders are not higher than the head (the difference is not that great) but the neckline fits in quite well. When the markets open tomorrow I expect to get an answer on the Idea Title. Thanks for reading and please...
NZDJPY finishing the last Shoulder. RSI on Overbought, which means the trend will be respected. This is a long term trend. My guess would be to go short for between 2 weeks and 1 month.
Confirmed break below neckline sets up a nice move down to target area indicated
The current price action is starting to form a potential falling wedge on the 4hr chart...interestingly enough the apex of that potential falling wedge is at the exact same point as the drop target from the 4 hour chart head and shoulders pattern we recently broke down from. I find that confluence very interesting and something that gives more credence to this...
Leaving this idea neutral but leaning more short....the head and shoudler pattern on the 4hour chart appears to be triggering a breakdown. We may need a follow up 4 hour candle to confirm this so a fakeout is still possible...but if confirmed we have a drop target of $3290. Of course there is the massive weekly 200ma support just above it that could rpevent thee...
Head and shoulders forming, already traded the smaller head and shoulders within the bigger one now forming.
Dear Trader, as you can see on the Daily Chart there is a head and shoulders and the Target as mentioned on the chart.
As expected XRP has busted upward form its inverted head and shoulder pattern on the 1 hour chart. The breakout target of that should have been right at the top trendline of the 4hr chart falling wedge but the price action has exploded well above that and seems like it will very likely trigger the falling wedge breakout as well. So now the price target we are...
H&s that braks down to negative 20 cents or a falling wedge thatha sa breakout that isn't a negative number...I'm siding with the falling wedge on this one.
Here on the XRPUSD 1day chart we have a pattern of a massive head and shoulders on xrp formed conveniently during a downward trend with a breakdown target of negative 20 cents. The Stoch RSI also bottomed out and is ready to travel upward again so there's not enough bearish momentum available to warrant such a breakdown. The downtrend makes it very unlikely a ...
Resistance in BTC proving bulls are standing their ground. Expect a push up to 4k levels
A temporary short idea here but the target of this drop could be one of 7 potential targets shown here. To play it safe I am going to be setting a limit buy up right buy the 1 week 200ma(shown here in sky blue) it is conveniently lined up right with the neckline of the larger head and shoulders pattern so I anticipate the price action could attempt a head and...
As per the chart we should be seeing selling pressure anywhere between the head and shoulder target and the 61.8pct retracement from the S + P all time high from 2018.
Head and shoulders forming on usdmxn, has hit a long support and is also breaking the downtrend, good risk reward ratio
this idea is gonna remain neutral for now because fakeouts are always a possibility in crypto but we can see we are about to potentially complete a right shoulder on a very ugly looking head and shoulder pattern on ethusd's 4hr chart....we can also see that the 4hr chart is once again quickly approaching a 4hr deathcross....xrp had its 4hr death cross which led to...
I did not mark this idea long or short....we are simply on the precipice of either a huge bullish move for verge or a massive bulltrap fakeout. if btc breaks upward then xvg will likely trigger this inverted head and shoulder breakout which would lead to a golden cross on verge on the 1 day chart which has a breakout bull target of an over 50% increase, but if...
Having broken above 2 month consolidation pattern its time to look for buy opportunities. This head and shoulders on the 15 min chart may be our buy in point. The RSI and MACD show divergence on this time frame which makes me think this pattern could come good. The SHS measure take us to just below 1.1500 The S/L at 1.1450 allows enough room for institutional stop...
There is a solid looking head and shoulders pattern forming on the BTC-USDT daily chart. already had a minor breakout from the ascending triangle pattern setting us up for a good rise in price if the price action manages to break the neckline of the H&S pattern.