The GBPAUD chart on a 4-hour time frame shows a significant head and shoulders pattern. Today, the neckline of the pattern was breached and confirmed with a 4-hour candle closing below it. I anticipate a downward trend now, with the next support level likely at 1.9105.
Classical inverted H&S Pattern Structure can be seen in this script. Following points can be considered here before taking any decision: 1. over all Trend is uptrend. 2. Pattern: Bullish IH&S(After healthy Consolidation) Or Inside bar or multiple Resistance BO or Cup and Handle 3. Good Fundamentals 4. over all market structure is also bullish. DISC: For...
NECKLINE needs to hold! Things are getting more ominous for #ADA
Hey guys! Market's been really challenging lately, specially for those into Futures Trading that's why I'm going to repeat again. I strongly recommend you SPOT trade instead. So, as for BTC goes, the liquidity absorption is real and to either side! Where to buy? 1) One would be the rising green zone I've marked but this would mean a drop to about 56k or 52k...
This is a plan for a short position. (A) The chart has the potential to form a head and shoulders pattern. (B) The chart will move in a bearish channel. Level 2250 - 2200 can be a take profit area.
Here is the weekly view of the AMZN inverse head and shoulders I finished a while ago. I added a demand zone as well. You will note a nice bounce on the 20EMA supporting this idea long-term. My short-term target is still 210$ here. A brief dip into demand and blastoff is my prediction. -A test of 189$ is needed before the 210$, this is the area of resistance that...
The Dollar index is hitting a major resistance and losing the battle. This pair is forming an inverse HS and will try for third time in tow weeks to break out the upper vertex. I'm not sure if is goin to do it this time but price is sitting om 0.61 support zone. SL triggers if a weekly candle closes below the support.
Hey guys! Today I'd like to share a RACA Coin idea. I've spotted an inverse head and shoulders pattern that has formed after a solid downtrend. Confirmation to the bullish upside would be a breakout and re-test of the descending triangle line marked in red and followed by entry trigger dropping into the lower timeframes such as Daily TF. Confluences: We need...
EURUSD short then long i think it will be inverted head and shoulders pattern
Bulls held the line on the right shoulder to keep the BTC inverse H&S alive. GETTEX:87K is the first target of the measured move, we will stop for awhile there once reached and Alts will moon. Expect Alts to go Parabolic on the way there after many capitulated past week.
People have been calling for the oil bull market to begin for the past two years and the trade largely hasn't worked as we've gone sideways to down. However, based on the chart, it looks like we're finally ready for a run. This would also line up with my bearish equity thesis. Oil looks to have broken out of an inverse head and shoulders pattern and althought...
HS confirmed and price is testing the broken neck. Be careful, this one is very volatile. I have some puts expire by the end of the month, probably I should have given more time. SL if a weekly candle closes above 17.
Since topping out nearly 4 years ago the #LINK versus #BTC ratio has been down and to the right, with relief rallies being sold into. Clear trend of lower high's and lower low's. The trend has not been friendly to the Link Marines! Are we repeating the tale of #XRP and their faithful army? Both get dumped on by the their respective foundation or founding...
As we can see that Head & Shoulder pattern has been formed on USDCHF and we have got the break out of the neckline and also the retest at the marked support zone so we can plan short trade over here.
Timken's stock has recently been on a downward trend but is now displaying indications of a potential recovery. Analysis of the charts reveals the formation of an inverse head and shoulders pattern. This could make it a candidate for swing trading, with the initial target set at the 200-day simple moving average (SMA), followed by the upper trend line....
Massive inverted HS building up to break out the triangle. Aussie is correlated to Gold, and the US Dollar will suffer from the monetary policies of the FED. This trade is not for everyone. If you are a day trader probably it will be frustrating for you. It could take months to play out. Open a long position and add at every pull back. We will have a fight at the...
- $30 is a key level, acted as support, broke below, resisted and tested again this week. - The retracement distance in the EQ channel is measured and placed to the top. - Prices has broken below the green box giving indication that down trend continues. Price has also broke below the EQ channel. - This is further exacerbated by price breaking below the week...
Is the Active Head and Shoulders Pattern Forming? An intriguing yet risky topic. Intriguing because we have formed a head and shoulders pattern in a semi-bullish market. If Bitcoin, with its high dominance, corrects, our head and shoulders pattern could activate, with the first target being the ($1.21 - $1.06) range and then the final target being $0.80. This...