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...
NZDJPY has formed inverse HnS and broke through neckline. A successful retest of neckline can push the price even higher.
$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!
Bitcoin has a Head and Shoulder pattern with the indicated short target.
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...
GBPNZD is trading in head and shoulders pattern on its hourly chart. The price is approaching the neckline breakout Neckline Breakout: 2.04914. ST: 2.04519. Targets: 62%: 2.05761 79%: 2.05949 127%: 2.06499 162%: 2.06890
Pair Name: GBP/USD Time Frame: 1hrs Chart Direction: short Comment: 📊 Currently, a distinctive chart pattern known as a "head and shoulders" has emerged within a rising channel, indicating a potential shift in market dynamics. 💱 Upon closer examination, I perceive the head of this formation to be a mere retracement, hovering around the 1.2450 mark, within the...
So much hipe in this stock during 2022, and for good reason with its helium and natural gas story. However, this is a high risk stock as it is still in its baby shoes. Technical sentiment indicates that we might see #Renegen price even lower. The downtrend in #Renegen share price is now trading on the right shoulder neckline of the head & shoulders pattern it has...
On Sunday OPEC+ announced: The 3.6mil bpd production cuts, will extend into 2024. Saudi's will cut an additional 1mil bpd from July 2023. The #oil #price opened higher on Sunday evening futures open. It now looks like we have an inverse head & shoulders on the price of oil, taking the price into the mid and upper $70s. This may pave the way for oil being in the...
Looks like high probability that we sill see #gold in the mid 1800s again shortly based on technicals. Fundamentally we have sticky inflation and a strong jobs market in US, which lends to another rate hike, thus recessionary trade taking a backseat for the short term.
This is very risky, I bought puts strike 174 expire 06/16. I'm giving it a month, my idea is that the HS is going to to play out eventually but it may take some time. If it works, price will drop very fast.