SQ Formed inverted H & S Pattern expecting to stock reach around 120 if it sustain above 80
I would not rule out a 69k- 72k top followed by a long liquidation washout till 28k then 280k (10x).
NZDUSD IS on a pull-back as a right-shoulder.soon more bearish move is expected
I can. See it. And also Believe it. These securities are measured in #Fiat which only becomes worth ... less with each passing year. Until #Vivek comes into office, of course and backs the dollar with a basket of commoditie! (maybe that basket may include #BTC) Inverse head and shoulders has massive linear and log targets Will be fun to watch this play out.
Good morning seasoned traders, Ever heard of the Head and Shoulders pattern? Well, depending on which study you consult, it's said to play out between 50-81% of the time. Quite the range, right? But some reliable sources swear by that impressive 81% success rate. Now, let's take a peek at the ES chart. Can you spot what I'm seeing? Yep, potentially a Head and...
📉The GBPJPY has recently shown a significant vertical head and shoulders pattern on the 4-hour chart. The neckline of the pattern was breached two days ago, with a candle closing below it. I anticipate a downward trend now, with the next support level likely at 188.00.
ALGO / USD ⌛️Potential head and shoulders breakout (pending) ✅Above 200 SMA ✅Moderate Rising Volume 🎯H&S Target aligns with 0.618 Fib Ext & prior resistance levels (Targets are never guarantees) #Algorand #AlgorandNFTs EURONEXT:ALGO
It doesn't have huge targets but it is a safe , solid , play .... meh Good pattern though!
Investing in #INDIA has been a trade of a lifetime Based on a burgeoning middle class and best low population demographics in the world Indians want to FLEX and move up the income brackets Highly motivated and educated I believe the pullback after the Adani scandal is over And the #Nifty can resume its long term bull and finally meet its inverse and head...
GBPCHF has formed a head and shoulders pattern with a bearish divergence. This shows that the trend may reverse and GBPCHF may go bearish now. I was to place the sell stop order but it has already triggered so we will place instant sell.
Been hearing lots of good things about NEAR so finally pulled t up on a chart and I can see in the short term it is currently breaking upwards from a descending channel which looks much more like a bull flag on higher timeframes, as well as an inverse head and shoulder pattern. I have illustrated both measured move targets here on the chart; The purple dotted line...
There appears to be an inverse Head and Shoulders pattern forming on the 2hr. ASMUSD chart. The pattern is supported by volume trends and a series of higher lows and higher highs. The aforementioned price target is above the 200 MA on the same timeframe. If it breaks the 200 and hold as support, it may be the beginning of a larger cup and handle referenced...
The BINANCE:ETHUSDT chart on a 6-hour scale presents a compelling scenario with two notable triangle formations. The first, a smaller black triangle , seemed poised for a bullish breakout, but the pattern has failed to materialize as expected, indicating potential weakness or consolidation. In contrast, the larger white triangle , encompassing a broader...
After a thorough analysis of the BINANCE:ETHUSDT chart on a 6-hour timeframe, I've observed a complete Head and Shoulders pattern, with the neckline breached near point B. The pattern indicates a potential SHORT trade, with a target of point C at approximately the 0.618 Fibonacci retracement level of the prior uptrend, corresponding to a price of 2083.91 USDT...
The Fed exists for the banks. Don’t get it twisted on their mandates, will he play dove to save NYCB! Won’t be surprised, could be a fun trade with a really tight stop loss
Considering the current market trends and technical indicators, I'm initiating a SHORT position on BINANCE:ETHUSDT at 4220. This perspective is based on comprehensive trend analysis, Fibonacci retracements, and a developing head and shoulders pattern. Please remember, this is merely my trading strategy based on my market analysis and is not meant to serve as...
Hut8 has a lot of Bitcoin on its balance sheet. Bitcoin mining fees are going up due to Bitcoin NFT and ordinals. Bullish AF.