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Head_and_shoulder

DOT Daily After a strong downtrend, the price has stabilized around the 3.23 – 3.27 support zone, showing several bullish reactions from this area. Recently, the price action has formed a Symmetrical Triangle structure, meaning volatility is tightening and energy is building up for a breakout. The key resistance lies in the 4.40 – 4.65 zone (pink box), which could be the first target if the triangle breaks to the upside. A breakout above the descending trendline (upper side of the triangle) with rising volume may signal the start of a strong bullish move. On the other hand, if the triangle support and the 3.23 level are lost, the price may continue lower toward 3.00 and possibly 2.75. The current Symmetrical Triangle can act as either a continuation or a reversal pattern, depending on the breakout direction. Given the recent bullish reactions at support and the market’s defense of the 3.2 zone, the probability of an upward breakout seems slightly higher. ❓ Do you think this triangle pattern could be a signal for a new bullish rally in DOT?
by amir9
1
XAU/USD Technical Outlook – Short-Term Dip, Bigger Upside AheadHello guys. It is what I see: We can see that Gold is currently trading around $3,404, consolidating after a strong bullish move inside a rising wedge formation. The wedge has now broken out to the upside, and price action is showing a potential head and shoulders pattern near the top. Head and Shoulders: The left shoulder, head, and right shoulder are clearly visible, and the neckline is sitting around the $3,399–$3,400 zone. If price dips and retests this neckline, we could see a short-term bearish move toward the target of the head and shoulders around $3,399. This is a healthy pullback after the recent rally. Bigger Picture (Wedge): Even though we might see a short-term correction, the larger wedge breakout suggests continuation to the upside. The measured target of the wedge points toward $3,430, which lines up as the next resistance level.
OANDA:XAUUSD
by melikatrader94
9
GBP/USD Extends Rally After Breaking Key TrendlineHello everyone, what are your thoughts on FX:GBPUSD ? Today, the pair continues its winning streak, currently trading around 1.358. Broad selling pressure on the US Dollar (USD) has fueled GBP/USD’s bullish momentum. From a technical perspective, the pair has successfully broken above the descending trendline and closed higher, adding further strength to the bulls. Price is now testing immediate resistance, and the formation of a head-and-shoulders pattern is showing strong potential. If this setup completes, the next target could be the resistance at the 1.374 high. What about you — where do you think GBP/USD is heading next? Share your thoughts in the comments!
Long
by Kevinn_Nguyen
2
Potential inverse head and shoulders target reached on EthereumWell... nearly reached at this stage anyway. In a similar vein to Dow Theory (in which you would normally expect that the Dow Jones Industrial Average would rise alongside the Dow Jones Transportation Index, the Nasdaq Composite, the SP500 and the Russell 2000 indices), let's suppose you would expect that Ethereum would rise alongside Bitcoin and the other altcoins. Let's face it, Ethereum has had a great run recently, but what has Bitcoin been doing over the past month in particular? Literally nothing. Zero, zilch, nada... But why am I bringing up caution at this stage whilst everyone is so bullish about Ethereum? Let's scale out. If you look very far out to earlier this year, there was spike down in February for Ethereum (which formed a 'left shoulder' downward), and further retracement in share price downward to the ultimate low in April two months later to form the 'inverted head', followed by upward movement to form the inverted 'right shoulder' in late June. This allows us to draw a 'neckline' at around about the 2880 level. Extending calculations from this neckline to the inverted head provides a range of approximately 1400, but when utilising exact numbers utilising charting software, and extending this range upwards from the neckline northwards provides a potential target of 4,368.94, which is fairly close to where we've been recently (the high of 4,333.13 about 2 hours ago at the time of writing). Unless Bitcoin can get itself moving, as well as Ethereum turn around with respect to the one hourly momentum, tread cautiously and consider the possibility that the target may be reached of this head and shoulders target for Ethereum (thus, neutral bias at this stage, with potential to turn bearish).
COINBASE:ETHUSD
by Ivory_Wolf
Head & Shoulders on EUR/USD daily!We're currently observing a significant Head & Shoulders pattern forming on the EUR/USD daily chart, with the price just breaking below the neckline on the right shoulder. Applying standard Head & Shoulders trading principles, we measure the distance from the head's peak to the neckline and project that same range downward from the breakdown point. Based on this, the estimated target price (TP) for the trade lands around $1.135. The stop-loss will be positioned just above the right shoulder to manage risk effectively. We'll be watching closely to see how this setup unfolds. 🍻
Long
by impossiblebull
Bull Trap Confirmed: GBPUSD's 8% Rally Faces ExhaustionLets Face it we had a great 6 months already clocking 60%+ Returns already. And after sitting ducks for almost 2 months now we finally have a trade. - Its a very self explanatory chart - Trading at resistance - Head & Shoulder pattern And the best part the right shoulder is still yet to be formed! My favourite type of entry. 1.It gives a better risk reward ratio (1:7 expected) 2.Better Entry (No long red candles) 3. And even if the pattern fails it we may still reach the neck line which is target 1. Entry Criteria - A Red candle at the entry Line Marked - Stoploss Above the Entry Candle Target 1- 1.3361 Target 2- 1.3252 Target 3- 1.3169 Keep Your Risk Reward Intact! Not An investment Advice
Short
by REUBEN_EUSTACE
GBPUSD – Daily Timeframe Analysis: Head & Shoulders PatternThe GBPUSD daily chart is currently presenting a textbook Head & Shoulders reversal pattern, a powerful bearish signal that often marks the end of an uptrend and the beginning of a new downward cycle. This setup demands attention from swing and positional traders alike, especially considering the size and clarity of the structure. 🔍 Pattern Breakdown Left Shoulder: Formed in late May, establishing a significant high before a corrective move. Head: A higher peak was made in early June, which now stands as the pattern's highest point. Right Shoulder: A lower high formed in mid-July, indicating weakening bullish momentum. Neckline: The crucial horizontal support zone around 1.3330–1.3340 was tested multiple times and has now been decisively broken, triggering a confirmed bearish setup. 📊 Technical Significance This Head & Shoulders pattern becomes especially meaningful due to: Multiple rejections at the neckline, confirming its strength as support-turned-resistance. Bearish volume expansion on the breakdown, adding weight to the selling pressure. Formation on a daily timeframe, suggesting a long-term trend reversal rather than a short-term pullback. 📌 Trading Strategy for Traders ✅ Sell Setup (Short Position) Entry: Around the neckline zone on retest (1.3320–1.3340) Stop Loss: Above the right shoulder (~1.3550) Targets: 🎯 Target 1: 1.3100 (psychological and horizontal support) 🎯 Target 2: 1.2900 (measured move from head to neckline) 🎯 Target 3: 1.2650–1.2600 (extended downside zone based on structure) ⚠️ Risk Management Tips: Don’t chase the breakdown — wait for a pullback/retest of the neckline to get a better risk/reward entry. Ensure position sizing is appropriate based on the stop loss distance. If price reclaims the neckline with strong bullish momentum and closes above 1.3350, exit short and reevaluate. 🧠 What Traders Should Keep in Mind Macro Fundamentals: Watch upcoming economic events like BoE rate decisions, US NFP, and inflation data, which can cause volatility and impact the technical scenario. Dollar Index (DXY) trend should also be monitored closely. If DXY rallies, GBPUSD breakdown can accelerate. Trendline Confirmation: Align this with any break of rising trendlines drawn from previous lows. 📌 Final Thought This pattern marks a crucial turning point in GBPUSD. The momentum has clearly shifted from buyers to sellers, and the breakdown opens up significant downside room. As a swing or position trader, this is a high-probability setup with a clear invalidation point (above the right shoulder) and a favorable risk-reward ratio. 📉 Patience and precision are key here. Let price come to you at the neckline, confirm rejection, and then take the trade with confidence. ================================================================= Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. =================================================================
Short
by TradZoo
8
H&S Expected for Sol And Pyth until HHsPyth is following SOL and I expect a bit of a pullback for a better impusle to reach Higher Highs. Technicals (RSI, Bollinger band) are showing overbought conditions and we can expect the usual End of months pullback. The pullback could reach the 168 - 170 Area before coming back to the current levels and after a potential light pullback to grab liquity and to create a new contraction before a new push toward 210 - 212 is expected. This idea is only for educational content, please Do your own research before investing.
Short
by JustaTechGuy
1
HEROMOTOCO - Multi-Right Shoulder H&S (it works out too much)Pattern Watchers!👀 We usually get one head, one left shoulder, and one right shoulder, right? But this chart said: "Why stop at one? Let’s bulk up the right side!" 😂 🧠 Head & Shoulders spotted – ✔️ Classic neckline around ₹4390 ✔️ Multiple failed breakouts but price holding above range ✔️ Right shoulder has been gymming, forming a clean range 📏 Potential breakout target = ~₹5400 🧱 Resistance zone above (highlighted in red) may act as the next boss level 🎯 Watch for: Break and hold above ₹4450–₹4480 Volume confirmation Avoid fakeouts — price needs to STAY above neckline 💡 Bonus thought: This could also be interpreted as an Inverse H&S breakout from March, and this range is just a healthy consolidation.
NSE:HEROMOTOCOLong
by WTRMLNv1
2