The head and shoulders pattern is a well-known chart pattern utilized in technical analysis to anticipate potential reversals in price trends. It derives its name from its visual resemblance to a head and two shoulders. Typically forming after an uptrend, this pattern is considered bearish and indicates a potential reversal in the market.
Here are the main...
There is a head and shoulders pattern on the 4H timeframe on GBPCHF that has formed at a resistance level and now starting to show weakness as the uptrend runs out of steam.However I strongly recommend waiting for the neck line to be broken first and then enter a short trade.Also another confluence for this trade is the RSI divergence suggesting a downtrend.The...
USOIL has created a reversal pattern ,Head and Shoulder, with bullish divergence. Currently the price is supporting a short inclining trendline and seems like the commodity is all set for bullish attempt.
Market sentiment has changed with the fed pausing interest rate's.
possible we see this bullish move, but this doesn't mean Bull market.
zooming out you can see, this will break ATH and possible to complete an old wycoff accumulation extension.
My thoughts.. we may get the break out from all time high with the fed easing, but this is likely to be a bull trap!
Im...
Hello Birdies,
I know many people not gonna like this. But I cant resist to post this idea.
No matter what you say the head and shoulder is bright as sun. If this got validated GOD!!
The demand zones are marked by monthly and weekly.
The strongest demand zone is at 9k-10k. If it fails I dont think weekly zone gonna hold.
It will fall to next Monthly Zone.
I...
A Head and Shoulders in 1D Time Frame broke down, target is MA200. We should be ready to open Long positions if there is a bounce of MA200 after candle daily candle close. If you have long positions set Stop Lost, manage your risk.
(a) TCS has formed a strong bullish divergence pattern on the daily chart indicating bullish movement
(b) It has also CROSSED OVER 200 SMA recently making the likelihood of the bullish movement even more stronger
(c) On top of that it has also broken out of the resistance NECKLINE of the recently formed HEAD & SHOULDER pattern which it had earlier respected &...
This will be my personal trade Setup, This is not an advice of any kind to initiate trade according to this setup. This is for only for my learning purpose and maintaining my trading journal.
Head & Shoulder pattern on higher time frame of Nifty. If nifty respects this pattern then we can expect good move downward.
On Upside Resistance is at : 18660,18777.
On...
$360.60 level rejected might see a bearish run down to $319
Head and Shoulders on 15min chart present.
Bearish - $348.24 Key Level
*Bullish - $360.60 Level if sustained new support
Expected Path (solid black):
- Drop to 396-401 by May 5th (this would mean a very bearish upcoming week - has the setup if SPY stays under 418, I'm seeing gap down next Monday and then sell off)
- Then bounce to test 408-412 by May 12th; if rejected under 412 then it will continue back down to 388-393 range by end of May
Most Bearish path - solid pink (head and...
Ethereum has made a Head & Shoulder Pattern. We expect the target of $1424. Use the stop loss at $1935.41 and wait for the retest of the Neck line.
This analysis can be failed, so always use stop loss, and open a position according to your budget management with your own responsibility.
Enjoy!
Hello Guys, Hope you are doing fine.
ADA is making a bearish head and shoulder pattern
We wait for the break-down of the neck-line with high volume for aggressive entry or if with low volume then a conservative entry on retest of the neck-line.
If you like the idea then don't forget to hit the like button and follow for more easy trading setups.
Post your...
Price is sitting on an important area of support. I'll wait for a clear break down before load myself with puts. The other option is to wait for a push back of the support area and then short before it tries again to break it. I'll keep you posted.
QML, we have a left shoulder(low), a head(lower low) and a support line(which just got broken), and I think we might have a right shoulder which will create our potential buy zone a the QML(left shoulder level). Stop loss will be below the head(lower low). If we have a candle that closes below that we are out, and take profit we will be targeting out the supply...
📈 Chart Analysis:
falling wedge: Top tip wait for breakout and retest of the AVWAP before taking a long, however we did get an engulfing candle on the reaction from the 150ema so i have gone long already trying to front run patterns is not the best thing to do so be cautious if you are to do the same!
We got the retest of the Head and Shoulders resistance in...
