On the Daily Chart you can see the clear formation of an H&S, as well as the downward channel that the price is currently trading between. The purple levels are the anchored VWAPS going back to 2021 (color coded darker = newer). A breakdown of this channel, would validate the H&S. Price target is ~3650 owing to the distance of 250 points of the Head from the...
If you find this info inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment! Also, check out the links in my signature to get to know me better! PA moved past the ideal area, It's hard to find TTT bounces, TBF. Took an entry, shall see what the world has in store on ES/SPX open. Still short in prof from .40s and...
LUNC will make an inverse head & shoulders on higher timeframes and will go there where LUNA once started.
4H is about to break with the right shoulder of the H&S, while the 1H is bouncing up to complete the right shoulder of the H&S. So I am looking for price to pull back slightly at market open and continue bearish.
This ticks all the boxes for a rounding bottom on the RS so lets see how it plays out? Bulkowski Rounding Bottom :- thepatternsite.com
Can you see the liquidity ? - Completion of retail pattern - Huge englufing to the downside after sell side injection for the "Right shoulder" Lets see where we can induce, and then enter. -NE-
Head and shoulders is a powerful pattern and looks like it might just play out to our advantage. Let's keep it on our watch list.
considering the position of the market after a long rally we could expect a potential reversal, the formation of the head and shoulder aligns with daily supply zone on higher time frame. The confluence of two seperate indicators suggests that there is a high probability of the a move downward technically.
Recent daily chart shows a head and shoulders pattern indicating a risk of severe drop. Also the breakout from the downtrend line increasingly looks like a false one.
BTC 4h ⏰ TimeFrame 4h 👉 White trace, (maybe yellow) 👉 "This is the Way" 👉 Fib Measure as pattern "slant M" ✔️Logarithmic (Log) Chart
The market is making a Head and Shoulder Pattern on the Weekly and Daily TF. I also saw that the 1D Demand Zone was mitigated and pushed the price until it reached the height of the Right Shoulder. It is possible that the price will go down to the demand zone and form a range and go straight down to the second zone (Drop-Base-Drop). It is also possible after the...
On daily timeframe, I spotted a head and shoulders pattern forming, I think usdjpy has higher chances of being bearish this coming week. Will monitor the pair to look for short position.
TSLA up trended well from a double bottom to close out 2022 to a head and shoulders pattern through February and is now in a downtrend. Within that downtrend, there have been some small pullbacks. The MACD indicator suggests with the lines crossing under the histogram, that a pullback will soon occur. I see this an opportunity to buy put options with ...
THE IDEA WILL BE ONLY FOR STUDY PURPOSE . wait for the breakout till then keep your eye on the stock .
hello guys... as you observe on the chart, shibusdt should experience a little downward movement as well, therefore why?! these are the reasons: 1-breaking down the resistance level, 2-formed a head and shoulders pattern, 3-retrace to the upward breaking zone at a higher time frame, always do your research. If you have any questions, you can write them in...
Now let's check in the weekly, it showed me the pattern of the reverse head & shoulder, so we can consider this pattern from the neck line where we are now.
Here it is more specific, we have to complete the pattern of the right shoulder, but then, 3 positions will be formed, either we go up one beat from here, or we go down to the shoulder at the end of the right shoulder, or we go very low, in I put the pictures in the chart in the previous post.
I have put some examples of patterns in your Burley chart, which one of these 3 situations may happen for the coin file,head and shoulder, and I have marked the other two patterns with drawings and lines, which pattern do you think the file coin is? Will make ?