4H bearish market structure; however, still bullish on the daily. General market correction might have lead to this.
It came down to the liquidity zone and fell perfectly into the golden FIB pocket. It has reclaimed the 200EMA and is looking to form a bullish cross on the MACD.
There is also the possibility of a head & shoulders pattern forming.
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1 - ichimoku cloud support
2 - head and shoulder
3 - up trend channel
4 - breaking resistance
5 - and go to new ath ...
* this is a my idea ... no a signal for sale ...
PLEASE FOLLOW ME ...
NATURAL GAS after the bull run is losing momentum.
The price on the daily chart is creating a heads and shoulder and according to Plancton's strategy if the price will break below the neckline and satisfy the A ACADEMY rules we will set a nice short order.
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly...
HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE, HERE'S A LOOK AT POSSIBLE SCENARIOS THAT COULD PLAY OUT IN THE COMING WEEK ON THEGOLD METAL .
* The metal is range bound within support and resistance structure.
- Short term the metal is currently completing a possible H&S formation on the 4h chart.
- Looking for shorts on the metal this week
HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE, HERE'S A LOOK AT POSSIBLE SCENARIOS THAT COULD PLAY OUT IN THIS WEEK ON THE DOLLAR INDEX .
- The index is currectly showing signs of exhastion at the recent high.
- price action is currectly possibly forming a not so perfect H&S at the roof of the rally.
- looking for a retracement to FIB LEVEL 0.618...
This is an advanced prediction of previous one with three Scenarios.
A- BTC will increase to left shoulder (77,000USDT) in a period of 10 days.
B- BTC will decrease to 30,000 before it rises to 77,000 in 20 days of oscillation .
C- BTC will visit the price of 28,000-29,000 like it happened on 11 May to 21 July 2021. Then it jumps to 77,000 - 100,000 maybe.
A head and shoulders pattern is a chart formation that appears as a baseline with three peaks, where the outside two are close in height and the middle is highest. In technical analysis, a head and shoulders pattern describes a specific chart formation that predicts a bullish-to-bearish trend reversal.
Repeating patterns do not happen by coincidence.
HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE, HERE'S A LOOK AT POSSIBLE SCENARIOS THAT COULD PLAY OUT IN THIS WEEK ON THE POUND CAD.
* Looking at a couple of scenarios on the GBP/CAD
- completion of the INVERSE H&S ON higher time frames
- reversal at 61.8% fib level
- LOOKIMG FOR REVERSAL CONFIRMATIONS ON THE PAIR.
* looking for trend...
Another head & shoulders pattern breakout. While this stock has made a small retracement last week, it is still possible for this stock to retrace to the 16.50 level before making the final plunge. As of Nov. 19, 2021, this currently sits at the 100 EMA and also an important support zone.
Intermediate Price Target: 14
Final Price Target: 12
Xinyi Solar (0968.hk) completed a 3 month long Head & Shoulders pattern. We already have a breakout last week. We are now in the retracement phase. As this is now at a good entry-level, we're set to get in on the next red candle.
Intermediate Price Targets: 12.50, 10 ==> important support levels
Final Price Target: 8.94
CHFJPY has formed Head and Shoulder Pattern on 4H chart and is about to make Lower Lows. Trade idea is also shown and confirmed by RSI indicator.
Above the shoulders we have strong resistance around 124.50-125.00 and Head and shoulders completed. We can expect movement forming the right neckline to strong support between 122.00-123.00.
Price has broke...