I agree with Ben Zhou on his opinion about 4-digit Bitcoin! He thinks that we are probably going to see more bombs coming in the next few months (liquidations of exchanges, coins, or other big players). The CEO of Bybit has a lot of insider information about traders on his exchange. For example, he can see where the liquidity is and where people have their...
The currency shows strong confluence of bullish trend reversal from ABCD harmonics pattern along with formation of a nice inverted head and shoulders pattern to supplement the bullish flow. Please note: Tomorrow's Fed announcements might change the probabilities.
GU and EU are positively correlated and the same bearish confirmation for shorting has presented itself for a swing trade. Now all we need is high impact news to give price a boost! Always use your confirmations for entry to avoid drawdowns before price goes in your direction. Use good risk management. All the best and happy trading :)
Head and Shoulders I think it will be short in this week
These are the sort of patterns and swing trades I always wait for. DXY is still correcting to the upside and therefore EURUSD will fall. Head and Shoulders Pattern neckline has been broken and retested. Enjoy the swing if you do decide to take it. Use good risk management. All the best :)
On the one hour chart, ERX ( triple energy ETF) completed a head and shoulders and is now downtrending with a crash through the EMA 100 and EMA 200 and now one standard deviation below the VWAP. The Momentum Indicator shows downside momentum is greater than it has been in recent months. The inverse ETF called the ERY would be expected to be the inverse of...
Gold is now completing the Quasimodo pattern, or some might call it Head and Shoulder pattern. This is with confluence of the price respecting the trendline support. Go Long
AS shown on the chart, the recent head and shoulders pattern, the immediate double top as well as the Point of Control black line on the volume profile all form heavy resistance to any uptrend. The RSI has dropped below 50. All in all, a bearish bias. I will trade this with put options with a strike of $286 with two days of expiration time.
The "Head and shoulders" model is the most common reversal model. The main prerequisite for the formation of a reversal model is the presence of an active trend: from 10.10.22 to 14.11.22, the Index was in an uptrend. The trend line has 3 confirmation points A, B, C. It is important to note that each of these points forms support levels. After breaking the ABC...
igl forming Inverse H&S pattern on daily chart after long consolidation, which in short to medium term can outperform from here on. RSI above 70 which is perfect sign with rising volumes. as studied rsi above 60 always lead to a big movement in stock which we can see here, and i really thing the people saying rsi oversold short above it , yes the market cool from...
$ATOM possible Head and Shoulder setup on daily. Relatively strong against $BTC compared to other Alts. Possible long here.
Formed an inverse head and shoulders. Looks good for a break over $1. Just waiting on volume for confirmation.
A Bearish Chart Formation simply the "HeadandShoulders" have taken the control of BTC Market. What a power of Charts Patterns. This charts suggests to Buy BTC near 4K
Hi All, After filling target #1 @ 350$, price action turned north again. I believe this uptrend is now close to a reversal. The 404-405$ area is where the market will decide whether the uptrend continues or reverse into a down tend again. My opinion is that we are going to hit the 200 MA at 405$ then reverse south. I do not think we are done just yet with this...
YESBANK now forming Inverse Head & Shoulder pattern and it's completed retracement also...if continue this pattern then short term target 20+ and midterm 25 will expect also, Keep SL for 12 at weekly candle closing basis.
Hello I hope you have used the previous analyzes correctly and have benefited. According to the price movements in the 1h time frame, it seems that a head and shoulders is forming at the resistance of 1755. tp: 1747 And if the price reaches 1761, this analysis will be invalid.