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Head and Shoulders

RDNT has a large bullish pattern!Before anything, it should be noted that an important trendline has been broken and the price has cleared a key range. Upon further inspection, it seems there is a large QM pattern on the chart, and we can consider buying within the support zone of this QM. Targets are marked on the chart. The closure of a daily candle below the invalidation level will invalidate this analysis. For risk management, please don't forget stop loss and capital management When we reach the first target, save some profit and then change the stop to entry Comment if you have any questions Thank You
by behdark
6770 - 7 months HEAD & SHOULDERS══════════════════════════════ Since 2014, my markets approach is to spot trading opportunities based solely on the development of CLASSICAL CHART PATTERNS 🤝Let’s learn and grow together 🤝 ══════════════════════════════ Hello Traders ✌ After a careful consideration I came to the conclusion that: - it is crucial to be quick in alerting you with all the opportunities I spot and often I don't post a good pattern because I don't have the opportunity to write down a proper didactical comment; - since my parameters to identify a Classical Pattern and its scenario are very well defined, many of my comments were and would be redundant; - the information that I think is important is very simple and can easily be understood just by looking at charts; For these reasons and hoping to give you a better help, I decided to write comments only when something very specific or interesting shows up, otherwise all the information is shown on the chart. Thank you all for your support 🔎🔎🔎 ALWAYS REMEMBER "A pattern IS NOT a Pattern until the breakout is completed. Before that moment it is just a bunch of colorful candlesticks on a chart of your watchlist" ═════════════════════════════ ⚠ DISCLAIMER ⚠ Breakout Area, Target, Levels, each line drawn on this chart and any other content represent just The Art Of Charting’s personal opinion and it is posted purely for educational purposes. Therefore it must not be taken as a direct or indirect investing recommendations or advices. Entry Point, Initial Stop Loss and Targets depend on your personal and unique Trading Plan Tactics and Money Management rules, Any action taken upon these information is at your own risk. ═════════════════════════════
TSE:6770Long
by TheArtOfCharting
Buy gold, TP: 2690-2695Bros, today gold fell sharply and fell below 2695 due to the negative impact of PPI data on the gold market. I reminded in the previous opinion that the 2700-2695 area is the last line of defense for bulls. Once gold falls below this area, it is easy to be sold and continue to fall. So today I went long on gold near 2702 as planned. After gold fell below 2695, I strictly followed the trading plan and chose manual stop loss near 2693, ending the gold long position with a loss of $4.7K; then I followed up with a gold short position near 2693, and manually closed the position near 2683, ending the transaction with a profit of $4.9K. It means everything I did in trading today was for nothing,fortunately, I strictly followed my trading plan and strategy to execute the transaction, so even if I lost money in the long transaction, I recovered the loss in the short transaction, and there was no loss overall. Relatively speaking, no loss is the greatest success. At present, after gold is relatively stable, I have bought gold again near 2683, and the short-term important support below is 2675. I expect gold to rebound to at least 2690-2695. As for the result of the transaction, let us wait and see! If you want to learn more detailed trading ideas and get more trading signals, you can choose to join the channel at the bottom of the article to make trading no longer difficult and make making money a pleasure!
OANDA:XAUUSDLong
by Trader_Marvin
Swiss Franc / Japanese Yen | Chart & Forecast SummaryKey Indicators On Trade Set Up In General 1. Push Set Up 2. Range Set up 3. Break & Retest Set Up Notes On Session # Swiss Franc / Japanese Yen - Double Formation * A+ Set Up | Resistance Area At 180.400 JPY * Pattern Confirmation | Entry Bias | Subdivision 1 - Triple Formation * Pennant Structure | Reversed Set Up At 173.380 JPY | Subdivision 2 * Retracement (1) & (0) | Survey Valid * 012345 | Waves Not Numbered | Short Set Up | Subdivision 3 Active Sessions On Relevant Range & Elemented Probabilities; London(Upwards) - NYC(Downwards) Conclusion | Trade Plan Execution & Risk Management On Demand; Overall Consensus | Sell
Short
by TradePolitics
Citigroup Stock Qoute | Chart & Forecast SummaryKey Indicators On Trade Set Up In General 1. Push Set Up 2. Range Set up 3. Break & Retest Set Up Notes On Session # Citigroup - Double Formation * 64.50 USD | Trend Line Entry | Subdivision 1 * 54.30 USD | Continuation Bias - Triple Formation * Retracement | Survey 50% Confirmation | Subdivision 2 * Neckline At 63.50 USD | Pattern Entry * 012345 | Waves 3, 4 & 5 Marked Up | Long Continuation | Subdivision 3 Active Sessions On Relevant Range & Elemented Probabilities; London(Upwards) - NYC(Downwards) Conclusion | Trade Plan Execution & Risk Management On Demand; Overall Consensus | Buy
CAPITALCOM:CLong
by TradePolitics
Bears TurnGood luck all. Facts: - reached the top of a trendline that dates back to the 1980’s which I’ve seen other pros call the “1980’s battle-line” 👀 Monthly TF - volume coincides with some braking power - RSI seems pointy downward - the 2015 trendline looks magnetic - the weekly candle just closed 13th Dec speaks for itself - zoom for that one. - the short term MA and FVG traders will be busy (or tired) - the head and shoulders on that record high - you could frame that - Wyckoff scout cracked through Ice - as a ship on the trading seas then I would say this is a tack to the bear side, no rush though… see you in a few months/years? Patience probably for price to hit 2,150. What could detract from golds appeal? Better opportunity cost elsewhere that gets faster returns? Could it get worse on the global political situation than it is right now really? Has the very recent (last 2 week) global escalations driven peaks beyond the high (no it hasn't)? Has the interest rate hype already been priced in? Is Trump lined up to do some deals that strengthen dollar and peace. make gold boring again? Ah? Mmm...Shipsy. ⚓️ 🏴‍☠️ 🌊
OANDA:XAUUSDShort
by ShipsyCapital
Bears TurnGood luck to all. Some Facts: - reached the top of a trendline that dates back to the 1980’s which have seen other pros call the “1980’s battle-line” 👀 Monthly TF - volume coincides with some consistent braking power - RSI seems pointy downward - the 2015-18 trendline looks magnetic - the weekly candle just closed speaks for itself - the short term MA and FVG traders will be busy (or tired buying) - the head and shoulders on that record high - you could frame that in theory books - Wyckoff scout cracked through Ice - as a ship on the trading seas then you could say this is a tack to the bear side, no rush though… see you in a few months/years? Would have patience for a 2,150 target minimum from here. What could detract from golds appeal? Better opportunity cost elsewhere that gets faster returns? Could it get worse on the global political situation than it is right now really? Has the very recent (last 2 week) global escalations driven peaks beyond the high (no it hasn't)? Has the interest rate hype already been priced in? Is Trump lined up to do some deals that strengthen dollar and peace, make gold boring again? Ah? Mmm...Shipsy. ⚓️ 🏴‍☠️ 🌊
OANDA:XAUUSDShort
by ShipsyCapital
NVIDIA Corp(Extended Hours) | Chart & Forecast SummaryKey Indicators On Trade Set Up In General 1. Push Set Up 2. Range Set up 3. Break & Retest Set Up Notes On Session # NVIDIA Corp(Extended Hours) - Double Formation * 147.50 USD | Swing High | Subdivision 1 * Left, Head(Swing Low) & Right | Pattern Confirmation - Triple Formation * Retracement | Not Numbered | 50% At 123.00 USD * Flat ABC | Continuation Bias | Subdivision 2 * 345 Template Area | Depiction Range | Subdivision 3 Active Sessions On Relevant Range & Elemented Probabilities; London(Upwards) - NYC(Downwards) Conclusion | Trade Plan Execution & Risk Management On Demand; Overall Consensus | Neutral
CAPITALCOM:NVDA
by TradePolitics
DEGENUSD 12/6/2024DEGENUSD Daily Chart Analysis • Coin Release: DEGENUSD was released on Coinbase in mid-October 2024. • Pattern Formation: From its release through November 10th, the price formed an Inverse Head and Shoulders pattern. • Breakout: On November 12th, the price broke through the neckline, rallying over 230% before pulling back. • Support: The price has since found support at 0.017360, aligning with the 20-day moving average, which is providing additional support. • Momentum: The MACD is currently below its signal line but remains in bullish territory. The contracting histogram indicates potential for the MACD to cross back above its signal, suggesting a resumption of bullish momentum. Trade Setup (Long): • Entry: 0.019207 • Stop Loss: 0.015634 (-18.60%) • Initial Target: 0.051171 (+166.42%, 8.95 RR ratio) The bullish chart pattern, combined with the MACD setup and strong support levels, indicates a high-probability trade with significant upside potential.
COINBASE:DEGENUSDLong
by rudcharts
SHPINGUSD 12/11/2024SHPINGUSD 1HR Chart Analysis Overview: This analysis examines the shorter-term price movement for SHPINGUSD on Coinbase. Price Action Summary: • On December 7th, 2024, SHPINGUSD reached new highs for the day but subsequently entered a downtrend, dropping below the 50-day EMA over the next two days. • Over the past three days, the price consolidated sideways, forming what appears to be an Inverted Head and Shoulders , a bullish reversal pattern. • This is encouraging as the daily chart indicates a strong uptrend. Current Market Dynamics: • Today, the price broke above the neckline of the Inverted Head and Shoulders pattern. • The breakout is supported by: o Increased volume o The MACD shifting into bullish territory o Support from the 10-day and 50-day EMA Projection: If the price holds above the neckline and the support levels (10-day and 50-day EMA), a strong move north toward 0.0141 is likely. ________________________________________ Trade Setup: • Entry Price: 0.011361 • Stop-Loss: 0.010865 (-4.13%) • Target Price: 0.014114 (+24.23%) • Risk-Reward Ratio: 5.55:1 ________________________________________ Summary: SHPINGUSD has shown bullish potential after breaking out of an Inverted Head and Shoulders pattern on the 1HR chart. The breakout is confirmed by volume, MACD, and EMA support. Holding above key support levels could lead to a significant upward move.
COINBASE:SHPINGUSDLong
by rudcharts
EURUSD could slump 280 pips following tomorrow's ECB meetingThe U.S. consumer price figures were not enough to trigger a slide in EURUSD, nor did they lead to a rebound. Instead, the market is trading sideways as we await tomorrow's ECB rate meeting. The ECB is expected to cut rates, with the possibility of signaling a 50-basis-point cut in upcoming meetings due to weak economic growth and inflation at target. From a technical standpoint, the price has formed an inverse head-and-shoulders pattern, which might fail. The pattern would invalidate and trigger if the price falls below the right shoulder, currently at 1.0462. If this level breaks, the price could drop by the same distance as the projected rise from the pattern, roughly 280 pips, targeting 1.0181. Trading in smaller chunks is advisable unless the market moves quickly toward the target. What's your view? Could this play out, or do you expect a false breakdown? This content is not directed to residents of the EU or UK. Any opinions, news, research, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. ThinkMarkets will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
Long
by ThinkMarkets