Price action is failing to break above a critical area which is showing bearish movement. We can see price has approached a double top level that has been rejected and impulsively pushed downward printing a possible H&S pattern within a larger corrective structure. Looking for a short opportunity to bottom boundary around 103.00 Trade Safe
Hi Traders! We have a Head & Shoulders trade setup here on GBPUSD 1D chart. The market looks to be approaching the neckline and we are now looking for a break and close to the neckline with momentum to target lower levels. If we get a break and close of the neckline, we have the profit target level at 1.21761 and if you want to hold on for a larger risk reward...
As shown in the chart this is an inverted head and shoulders pattern. Most often price will reach the 1:1 extension of the distance between the Head and the neck line (shown by the yellow line) taken from the top of the right shoulder. The stop loss is placed below the tip of the right shoulder. Entry = 0.3748 Take Profit 1 = 0.4755 Take Profit 2 =...
Hi guys! 👋🏻 🔔 I've been tracing and waiting for the formation of the right shoulder of this Head and Shoulders formation. 🔔 At this stage, Bitcoin may return to levels near $22770 - $22400 and continue the uptrend up to $29900 - $32000 ✊🏻 Good luck with your trades! ✊🏻 If you like the idea hit the 👍🏻 button, follow me for more ideas.
Traders, I am hearing many, if not most, technical analyst now swinging back to the bullish side. But there are a few things that cause me to be wary of such sentiment just yet: #1 - The attempt by the bears to reach our target down on that H&S pattern, was weak. 25,8k was NOT the final target. I expect 25.2k at least. Maybe even a wick down to 24.2k before we...
If you haven`t sold the Big Head and Shoulders Chart Pattern: Now BTC Bitcoin is in a similar situation with a smaller regional H&S of which Price Target is $23000. Looking forward to read your opinion about it!
Drop on the horizon. Volume is looking so bad. Weekly RSI pointing down. Head looks like Bart Simpson formation. Twitter full of moonboys at the moment.
After a massive decline, and corresponding pump from the 100 area, PEPE has yet again found resistance around 210 (omitting the zeros for readability). I think that the bottom is in, for the short-term at least. Potentially, PEPE will form an inverse head & shoulders pattern, which is a bullish reversal pattern. Ideally, the price will move back towards the...
I tried to explain this the other day, but I made a mess, being tired and sleep deprived. First, I noticed the H&S forming on the 1W timeframe, shown by VWAP. Although it's an intraday indicator, I also leave it on bigger timeframes for this purpose. It showed a pattern IN the candles. I tried at that point to draw it on 1D, but the pattern wasn't so obvious,...
Second shoulder wicked above the first shoulder high so may be invalidated but heavy rejections off this shoulder could mean a little reversal here.
Head and Shoulders fully formed in 15 min timeframe. Neckline is a VWAP that is being broken and retested at the moment. The target price of the formed pattern is below 28650, which is the beginning of a VPVR gap on the right. Fibonacci 1.618 regression support is at 28300, a target price of the bear flag I posted about yesterday. You can see it in the link below.
We can use candle patterns on the oscillators too. On 1h my waves oscillator, we have a double top, ideally rejected from the 70 lines, and it broke down the neckline. A pullback in strength could go below a zero line. In that case, aggression (grey wave) would be rejected in the area of -50 to -70. The head and shoulders pattern formed on a 15m timeframe, and...
Price action is setting up for sellers to take control as we could see a potential H&S pattern printing within the bear flag structure stsrting from the strong impulse down at the double top range. Wait for bearish confirmation before entering a sell position. Thanks Trade Safe
Hello,Traders! AUD-CAD has formed a H&S Pattern on the 1D TF which Makes us bearish biased And IF we see a bearish Breakout of the neckline Then we will see the price Going further down Towards the 0.8942 area However, IF no breakout Happens then the short Setup is invalid Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!
✅EUR_GBP broke the rising Support line and one might Also notice a kind of an Inclined H&S pattern there too So we are bearish biased And think that the pair Will fall down SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
As you can see, it is a very easy to identify "Inverse Head and Shoulders" with a typical Bearish divergence. This is technical analysis 101. If a bear starts acting a little hungry and going a little crazy in their arguments, maybe you should hand them a snickers bar (because you are not yourself when you are a hungry bear), or you can simply show them this...
✅NZD_USD has formed a Head and Shoulders pattern And the pair is finalizing The right shoulders right now So we are bullish biased And IF we see a breakout Of the neck-line then We can go long on pullbak LONG🚀 ✅Like and subscribe to never miss a new idea!✅
• TSLA stock is stabilizing, trading between its key support and resistance levels; • The key support is the 38.2% Fibonacci’s Retracement again. Most of the time, when TSLA loses the 38.2% retracement after bouncing above it for a while (like in this case), the 61.8% retracement becomes the next target – usually it ignores the 50% when this happens; • What’s...