CME_MINI:NQ1! A Head and Shoulders pattern was identified on the 4H timeframe. This pattern was identified in confluence with a bear flag pattern on the 1H timeframe. Price then broke just below the flag. I believe that NQ will see more downside. After I zoomed out further, I noticed that we spiked from a demand zone November 10, 2022. Perhaps NQ will retrace...
Just a bullish idea. If the CPI and the FOMC come in with bullish influence, this 5th wave looks possible. See my previous post for a bearish perspective.
The anticipated formation is now a complete pattern, from here we should expect a bullish market. The first tp is at price 93.735. If the market violates our stop order and continue with this bullish momentum, then price shall resume to the upside until 95.772… Let's keep a close eye on this pair...
A different perspective for my same call to .44cents 0.618 golden ratio fib extension. Inverse Head & Shoulders Pattern Forming on the 4Hr Chart. I think we are due for a reversal very soon...
• Potential inverse head and shoulders • Bullish reversal pattern forming after a downtrend bottom • Expect right shoulder to have a higher support than left shoulder • Therefore, a retracement to 1.20 or 1.19 expected before the upside breakout • Breaking the left shoulder's support around 1.17 invalidates this pattern • Upside target is projected based on the...
Head and Shoulders failed to play out, short covering into resistance, market is shittin the bed from termal rate increase on FOMC. Mean reversion in bound from the volume profile and retail chasing the 23+% pump. Short back the neckline for confirmation before further down spiral.
Update for AUDJPY. The price was nicely rejected from a resistance line of a falling parallel channel on a daily. To short with a confirmation, pay close attention to 92.4 - 92.55 area. It is a neckline of a head and shoulders pattern that I spotted on 4H. Wait for its bearish breakout (4H candle close below), sell aggressively or on a retest then. Goals will...
Double bottom may be formed in this month as seen in August. Two patterns of head and shoulders are possible.
GOOD BNF Head And Shoulder Pattern for tomorrow Go for shorting after breakdown of Head And Shoulder Pattern
#CashTrade | #FutTrade #RELIANCE Inverse Head & Shoulders Breakout Retest Buy @ cmp 2627_2585 | DCBSL 2536 | Tgt 2800 / 2900 / 2950+
It looks to me as if, now the CFTC changed its mind about Ethereum now being a commodity again, that this Inverse Head & Shoulders could still make target like #bitcoin?
This Inverse Head & Shoulders target was reached and subsequent Symmetrical Triangles so are we done here even though we broke the June 2022 recent low?
Incomplete as an Inverse Head & Shoulders pattern but it has all the characteristics see link below! Also note the two ABCDE symmetrical triangles used to form head & shoulder. Inverse Head & Shoulders Pattern:- thepatternsite.com Symmetrical Triangle Pattern:- thepatternsite.com
Just another refinement of my earlier posts. Looks like a wave 5 has yet to occur. It's not totally clear, but this sequence of flats in the XYZ in wave 4 makes a little more sense to me.
As suspected in the linked / related post the higher orange channel didn't hold and what looks like a textbooky head-and-shoulders top has formed; a continued downtrend will likely respect the yellow traffic lines pictured just like the uptrend did
Balkrishna made triangle & inverse H&S pattern on hourly charts with decent volumes & is on the verge of breaking neckline. Could be bought with mentioned stoploss & targets.
One of the bigger green candlesticks we’ve seen on the daily chart for silver in awhile…would not be surprised if this breakout takes us to the $22 measured move target. The 1day 200 ma(in blue) will be waiting in that zone to likely provide resistance. *Not financial advice*
hello traders, on AUDUSD , we can spot a head and shoulder pattern of the correction phase which signifies a potential exhaustion of buyers position and on an onset of bearish momentum.