Daily DXY sitting on high volume node, rejecting lower prices. Moving higher will form reverse H&S pattern with neckline in 102. Measured move will test high volume node on 104. Confluence with VWAP from July low and October high. Added confluence with Fibonacci retracement levels from said Jul Low to Oct High and Oct High to Dec Low. Jul Low, Oct High, Nov Low,...
After Breakout from Parallel Channel,Consolidating on hourly Charts. Looking to make an Head and shoulder formation on Hourly Charts
Price is forming an inverted head & shoulder pattern showing bullish momentum, also supporting the line.
Zoom out on COINBASE:ETHBTC to reveal an H/S inverted that hasn't yet hit TP 1 or 2 and is re-testing its breakout. For a more conservative set of targets (purple), it consolidated around TP 1 and is now re-testing its neckline. Conditions for success: remain above the yellow and/or purple necklines.
Borrow Yen buy Dollars!!! :) BOJ will do what they do Probably beneficial to Japanese stocks as their companies are obviously big exporters think Honda , Toyota... Beautiful Inverse Head and shoulders in progress Big Charts ---> Big Patterns ---> Big moves
I posted my previous Propy chart on here before realizing I had the chart mode set to logarithmic. Log charts also do usually reach their targets as well but sometimes it can take multiple bull runs to hit the really high targets on a logarithmic chart. So I thought it would be wise to switch the chart to linear and show what the linear breakout target would be...
ON semi pattern is a bit sceptical. The stock was in a super uptrend peaking at ATH 111+ tested 87-89 area, broke out to 111, but quickly reversed in few weeks and again couple times tested the same resistance of 87-89. Assuming 111 was an end of wave 5, as we did not have other highs tested, we are now in a serious ABC correction shaping a H&S pattern as...
Short on Wday as the h and s break happens. waiting for retest. *Not a financial advice. charts drawn here is only for educational purposes.*
Possible head and shoulders on the 4hr. or at resistance in a channel. Very tricky to know which. Wait for conformation.
BTC in the recent past put in a head and shoulders pattern. The neckline drawn onto the chart is above current price and rejecting it. Volatility has flipped decidedly. News is that Bitcoin and crypto ETFs have had several consecutive days of outflows some perhaps when stop gold spiked. Dollar value has a role in this as well as it dipped and then recovered. I...
Having seen a textbook setup on the daily timeframe wonder if this setup will playout considering the fact that: 1. It might take time to playout 2. Price might still decide to go south 3. Otherwise the Inverse Head and shoulder might playout Just my thoughts though I await yours on the comment section
AJ formed a Head & Shoulders pattern then ended the week with a dump. Moving forward this week I'd look for the retest here of the neckline for the next bearish wave opportunity!
The S&P 500 is officially bearish as of Fridays close according to my intuition and strategy. I will be watching closely this week - targeting shorts around 5240. I expect to see a test the 5060-5000 level. A daily close above 5240 would be bullish and invalidates this idea. In the mid-term, I'm targeting key levels of interest to buy once this dip finds legs.
FX:EURUSD broke down the support level. 1st target the Support leverl tested last couple of years, 2nd target hight "Head". Stop Loss above bear candle.
Ripple is going to complete an head and shoulder that will push price down a last time to touch long term support trendline This will be a good entry point to catch the long waited upside move
AUDJPY has developed a significant head and shoulders pattern on the an intraday chart. The pattern's neckline was breached yesterday, with an intraday candle closing below it. I anticipate a downward trend now, with the next support level likely at 98.20.
What a week we just had! Friday we saw aggressive broad selling all the way into the close. The NDX is once again just flopping around in this multi-week range - while The Dow is meaningfully breaking down. For indexes - I will be focusing on the Dow this week. The DJI has been super clean lately and is the only index really making the sizeable moves as...
DOGECOIN (DOGE) has broken ascending pattern and also broke local support. DOGE is currently trading below its support. SELL OR SHORT position can be taken.