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Trading journal entry #2 Today we took a short in line with current market sentiment. Our entry was via pending order, we anticipated the 3rd trendline touch to the upside prior to a meltdown to the downside. We also noticed that the anticipated thirst touch area would occur at a resistence zone which added further confidence to our trade We had an opportunity...
Let's first look at the previous post about the Swiss Franc/U.S.Dollar, which is working ✅fine✅. The rising wedge pattern is running well; at the same time, the Swiss Franc/U.S.Dollar was able to make a Head and Shoulders Pattern and breaks the neckline by a bearish marubozo pattern. I expect that the Swiss Franc/U.S.Dollar will go down at least to Head and...
Expecting Tata Motors to reach 4 digit on long term basis.
Traders, Heads up on this Inverse H&S pattern I spotted on Quant. If it breaks that neckline, we're in for a nice ride up! Stew
NZDJPY dropped to a key daily structure support. Approaching the underlined structure, the price formed an inverted h&s pattern on 1H time frame. To buy with a confirmation, we need a bullish breakout of its neckline (82.57 -82.7 area). Goals will be 83.24 / 83.77 If the price sets a new low, the setup will be invalid. ❤️If you have any questions, please,...
Head and Shoulder Pattern on APE coin Cross on stochastic for confirmation BTC looking very weak also.
the head and shoulders formation occurs when a market trend is in the process of reversal either from a bullish or bearish trend It is a specific chart formation that predicts a bullish-to-bearish trend reversal. The pattern appears as a baseline with three peaks, where the outside two are close in height, and the middle is highest. white trend line is neck line
Short position @ peak of right shoulder from a bearish Head and Shoulders Top formation. TP1 38.2%; TP2 14.6% Fibonacci Retracement levels.
Head and shoulders likely to play out if we break the neckline.
Not the most symmetrical Head and Shoulder, let's see how this plays out. Target area in the green box.
Chart show's the Head and Shoulder pattern and the long term target.
Chart show's the possibility of the Head and shoulder pattern and the long term target.
Voltas has give breakdown of Head and Shoulders trend reversal pattern on its weekly charts. One can short this stock as the risk reward ratio is super favorable. CMP - 900 T - 830, 730, 550 W Sl - 931 W View - Short to medium term.
Ford had great earnings and revenue beats in July however inflation is eroding the purchasing power while Ford raised the price of its flagship EV, the Lightning by $8000+ and supply chain issues persist. The 2H Chart shows a head and shoulders pattern with price currently sitting at the trigger area at a time when the general markets...
nifty analysis head and shoulder pattern nifty 17500 major resistance zone nifty pull back 17500 near sell
End of April 22, DOW made head and shoulder trend reversal pattern on its weekly charts. The detailed analysis was done at the same week. This week, however, DOW has hit its head and shoulder targets. Henceforth, in my opinion, DOW should recover because of following reasons. A. Technically DOW has done the head and shoulder breakdown. B. DOW has fallen around...
Potential long for the near future. Inverse H&S pattern, lots of inefficiency to fill in. Targeting local resistance at $1.12-1.13.