The Head and Shoulders pattern is an accurate reversal pattern that can be used to enter a bearish position after a bullish trend. It consists of 3 tops with a higher high in the middle, called the head. The line connecting the 2 valleys is the neckline. The height of the last top can be higher than the first, but not higher than the head. In other words, the price tried to make a higher high, but failed. The closer the 2 outer tops are to the same price, the more accurate the pattern.
If the price breaks the neckline and closes below it, the pattern has completed. Conservative traders may look for additional confirmation. The target can be estimated by measuring the height of the pattern (from the neckline to the head) and projecting this downwards. Common stop levels are above the neckline or above the right shoulder. The Inverse Head and Shoulders is the bullish version of this pattern that can form after a downtrend. TradingView has a smart drawing tool that allows users to visually identify this pattern on a chart.
Hello and welcome to my Trade Idea of the currency pair BTC/USD.
Lets start with the Top Down Analysis.
Monthly: Monthly is bullish with candles who getting bigger and bigger.
Weekly: On weekly is a nice uptrend.
Daily: On daily we see a little consolidation but potential for bullish momentum.
H4: On the H4 timeframe we see a trendline that could become...
Where there is no vision the people will perish.
Next, stop at $135.91 until we see a bounce to form the right shoulder. Let's see how this plays out, BOL.
GBPUSD Potential Head and Shoulder Pattern
now price is likely to form a potential right shoulder
Look left there are important support structure as well
Therefore we can consider to BUY GBPUSD Now
TP1: 1.2750
TP2: 1.3000
TP3: After take partial profit and move SL to B.E,
you can hold this risk free trade to enjoy long term bullish trend.
Risk for this trade:...
NYSE:BRK.B
Bearish setting on Berkshire Hathaway Inc., let's see if Warren Buffett will have to suffer another big drawdown and we could take advantage of any opportunities.
Remember that if a Head and Shoulders does not make a Breakout you can take advantage of a "Failed Head and Shoulders".
Hey tradomaniacs,
welcome to another free signal!
Important: Market is very volatile due to News - Be carefully!
You can either place a sell-limit after Breakout below the Neckzone or wait for a retest and rejection before you sell.
If you want to keep the position open over weekend you can HEDGE it.
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Type:...
Supplement to: ZECUSDT/6QOHSMU5-ZCash-buy-in-opportunity
Privacy coins occupy a function within the cryptocurrency industry that many of the early adopters of cryptocurrencies consider essential.
Bitcoin itself is often incorrectly referred to as an anonymous way of transferring...
Hello Traders,
Litecoin is forming an obvious Head and Shoulders. Validation of this chart pattern would be a break of the neckline with increased sell volume. If this happens then some targets are on the chart.
If you follow my work, I believe a recession is coming...and could be a reason the Fed is cutting. Check out my posts on the recession signal and the US Dollar linked below.
This sets up the potential confidence crisis that I talk about in my bitcoin and gold posts and why these assets will likely go higher. We are told we are in the strongest economy ever...yet...
Disclaimer: If you are primarily interested in copying other people’s trades then this is not for you. However, if you are willing to put in the work that it takes to learn how to trade for yourself then you have found the right place! Nevertheless please be advised that you can give 10 people a profitable trading strategy and only 1-2 of them will be able to...
Well it looks like we had a H&S on the dominance chart. I havent paid it any attention until now. Im still waiting to see if it drops more or not. I havent ever seen a H&S on the dominance chart so I am eager to see if it has the expected effect. Ill be wtaching
1. the turn back from resistance channel and breakdown the wedge could make
double top referenced by divergence on MACD and RSI.
2.if we get a close over resistance channel we can long to complete the circle
and inverted head and shoulders.
This is not an investment recommendation or any call to buy or sell
It is just an analysis based on a study of the history...
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