Bitcoin exited the rising broadening wedge or the parallel channel but the wedge is more valid. With the drop in price that happen yesterday , today it could continues and make a new extreme or just retrace it backup to the origin of the dump and consolidates there which could be a sign of bullish (0.09%) H&S still in play that I mentionedin previous...
As long as it stays above 143,600, the direction is up. Watch out for wedge resistance on the daily timeframe.
Choppiness prevails. This is a premium sellers dream and a nightmare for swings. Looks to me like the low is in for the short term cycle. Price never dipped low enough into the diag demand zone I projected on the 23rd for the bullseye target Price seems to have found some support off the indecision zone today. I'm neutral-to-bullish until we lose 394.5. In...
The price has broken the channel and now we expect the price to fall! It seems to reach the bottom of the trading range! The classic head and shoulders pattern also gives us a pass! Good Luck ! ;)
hi dear , i very work with QM and i think market go from a Qm to another Qm ... this is a Qm ( liquidity ) and left shoulder is included liquidity ..... best entry is on mpl line but the black box is or SND zone and we can wait tp have chock in this zone
After the channel, the price entered a trading range, which is considered an accumulation range! The price can start its upward phase after a small correction! And as you can see, within this range, a classic pattern is formed! Good luck !
These head and shoulders patterns and W and M formations have become my bread and butter. I seldom trade these days unless I see a pattern like this alongside other confirmations of course. I have two positions open and I will TP both as shown while trailing my stop loss of course. Use good risk management and enjoy this setup. All the best and a happy new week...
there look like headnsholder pattern I recommend to sell 75%
As per my anaylsis on smaller time frame in think gold will go down to 1952-1946 due to head and shouler formating if it plau out.NFA
The GBP/USD pair could give a change in trend to look for Short since we have a confirmation of an Ascending wedge and right now forming a head-and-shoulder pattern, following charting theories this has a probability of the price of the pound falling sterling
Head and shoulders along with weekly MACD... 2008 Vibes!
GBP/USD is currently experiencing RSI Divergence which signals a potential change of trend. Price is also forming a head & shoulders pattern. Since bearish divergence is present, we will be looking to short break of support even if head & shoulder pattern is not completed and expecting price to continue moving down!
The impulse wave and megaphone on a higher candle TF is printing something similar on a smaller time frame, i pasted it down to scale for a better observation. I think the 31st of march will determine trend direction based on if its going to play out the last part of the wave: the ABC leg down, see for reference the blue vertical line. Weekend is notorious...
Wait for retest of resistance then sell Looking for pullback on daily before entering Head and shoulders pattern
Just wondering if anyone thinks it's a possibility?
I focused on the bullish pennant btc recently broke up from on my last chart, so for this one I wanted to focus now on the inv h&s patterns and the rising channels since btc price action is now above them. The green inv h&s pattern is the most obvious one, however there is also one with an ascending neckline(in lavender) even though the lavender inv h&s is smaller...
Hello Traders, welcome to this free and educational multi-timeframe technical analysis . On the weekly timeframe you can see that after Nvidia created and also confirmed the weekly inverted head and shoulders, which we created around the beginning of 2023, we had another rally of about 70% towards the upside. In my opinion Nvidia is definitely ready for a short...