On weekly frame ; Head and shoulders pattern had formed and neck line had been breaking out .. so what do you think ; 1- return back to retest neck line at 25000---24000 first 2- go directly to patterns target at 40000
As we expected that Bitcoin should correct to retest the neck line at 25.000----24.000 Now we have an other inverse Head and shoulders pattern that its target will be at our buy 25000 --- 24000 just wait breaking the neck line
Unfortunately, Altmarket cap isn't looking promising at the moment as we have just broken out of the head and shoulders neckline. This is a bearish signal for the market. What can we expect next? Based on the current price action, it is likely that we will retest the neckline as a resistance level. If the price fails to break above this level, it could confirm...
• The SPX failed in breaking the resistance at 4,148, which is the neckline of an IH&S chart pattern; • If it loses the 21 ema, it might frustrate this pattern, and in this case, we would seek lower levels on the daily chart: • The index could hit its 21 ema next, if it keeps losing momentum on the 1h chart, while the main support is at 4,048; • The 4,048 is...
CADCHF is in a downtrend. However last week we saw a big move up which is about to end. The pair has a big H&S in 1 hour chart. There is divergence on the RSI. We can expect a big fall once the trend line is broken.
waiting for this beautiful H&S to form. I will update if I will see a good setup
clear bearish H&S pattern on ETHUSDT pair. In the short term a drop to 1600s area is likely. Wrong above 1931.
The head and shoulders chart depicts a bullish-to-bearish trend reversal and signals that an upward trend is nearing its end. The pattern appears on all time frames and can, therefore, be used by all types of traders and investors. The head and shoulders patterns are statistically the most accurate of the price action patterns, reaching their projected target...
The price has formed a head and shoulders pattern and now I'm waiting for the follow through above $50. The OBV and the RS ratio vs the S&P 500 are near new highs confirming the strength in price action. Still, I'll wait for the breakout to buy with a price target at HKEX:62 for a +25% profit. You can see that I was stopped out on MARCH 2022, can you imagine...
Hello Birdies, I think BTC also forming a head and shoulder if break down catch the retracement. Stay safe and Stay alert.
Hello Birdies, ETH is making a head and shoulder once validated the ETH will jump to 1500 mark. Stay alert and stay safe.
Based on previous cycles, ETH is about to take a U-turn and start a downtrend for the next year or so. The recent heads and shoulders pattern is at a critical point and failure at this point would indicate the beginning of the way down. A rejection of the pattern indicates a different trajectory from last cycle. We won't know until the markets decide which way to go.
i see another head and shoulders pattern neck line : yellow line target : violet line note : i am early in this trade best wishes
Hello Traders👋🏻 On The Weekly Time Frame, The CHFJPY Price Reached a Major Key Level (151.071-151.494) ✔ The Price Failed To Create New Higher High 📈 Currently, CHFJPY formed a Head and Shoulders Pattern ✔ The Neckline is Broken 🔥 So, I Expect a Bearish Move 📉 ----- TARGET 1: 148.686🎯 TARGET 2: 147.700🎯 ___________ if you agreed with this IDEA, please leave a...
The EURJPY pair has recently broken a significant resistance level and is currently retracing back to it, which could signal a potential trend reversal. A head and shoulders pattern has formed on the chart. The neckline of the pattern (146.400) is a key level to watch, as a break below it would confirm the pattern and potentially trigger further selling...
I see apositive #head_and_shoulders pattern Buy: divide your entry from current price to green lines Targets : mint green lines
here are 2 quick little quasimodo reversals on #UJ here. Smaller one in yellow outlines the inverse bullish move with entries on lower time frames. Larger quasimodo (green) follows a larger move that could pull this down a bit before a continuation upwards.