NSE:BPCL hourly chart is showing a nice head and shoulder (H&S) pattern. If the neckline is drawn connecting the close values of "neck" then the pattern has already broken down. If this materializes then the technical target of the breakdown would be around 530/535, but there is a good support zone around 585 which might hold. The view invalidates on daily...
Beautiful inverse head and shoulders Already broken the neckline, and backtested. Stay long stay strong
Bitcoin is testing the all-time high resistance. Anticipating a retracement to support, forming a head & shoulders. Post-halving, I expect an 18-month bull run to a $280k target.
Everyone is currently euphoric regarding Bitcoin, as it just breached 60k. We are shouting ATH from the rooftops as everyone gets excited. The Fear & Greed index is now at extreme greed, with a value of 82/100 at the time of writing. People are saying that we have never been so bullish before a halving, but this is not the case. In 2016, we went up 80% for 4...
I will be looking out today for a rejection from our strong orange selling channel to add to our right shoulder liquidity (within the larger daily H&S) - this will then trigger all the left shoulder liquidity and allow for a move down to minimum $401 in the coming days and I see even $392 (green channel support) in the coming weeks. Let me know what you think -...
Update here to my previous KSS video titled "KSS - Primed for a breakout!" Go and watch that if you haven't to understand why i've been preparing for this. This is all happening prior to earnings release in a few weeks and with a ton of buying volume coming in, I am very happy to see it! My projection is a retest of our daily tapered purple channel (which has...
As we can see that GBPJPY was respecting a trendline then it made a head and shoulder pattern and then broke the neckline but reversed back into the trendline and also above the support zone by forming a bullish engulfing candle. Potentially it can be a trap. so we can look for buying opportunities once we see some sort of Bullish confirmation.
Apple has lost momentum here and so has the Nasdaq. Closing most of my longs and taking partial profits on most of my trades here. Nasdaq has broken H&S on the hourly and Apple is testing the neckline. Target is 168 and stops at 185. Shorting Apple is more from a risk point as Nasdaq might get pulled higher by Nvidia earnings. Nasdaq short target would be...
In my previous BTC post, I said I am starting to move more down the risk curve. MSTR is breaking out of its 3 years resistance and honestly if BTC goes to 100k from here, MSTR will blast past 2k. Its previous high stands somewhere around 3.3k, that might be on too. I would suggest stops around 760 and just let it run. Goodluck!!
As we can see on EURJPY that it was respecting a trendline but even after forming a double bottom it failed to go up and created a head and shoulder pattern and breakout of the Head and Shoulder pattern has been done so we can plan short trade once we some sort of bearishness. Target - 161.600
Harmonic bullish pattern formed, expecting inverse head and shoulder as well. only for educational purpose. do your own research.
══════════════════════════════ Since 2014, my markets approach is to spot trading opportunities based solely on the development of CLASSICAL CHART PATTERNS 🤝Let’s learn and grow together 🤝 ══════════════════════════════ Hello Traders ✌ After a careful consideration I came to the conclusion that: - it is crucial to be quick in alerting you with all the...
══════════════════════════════ Since 2014, my markets approach is to spot trading opportunities based solely on the development of CLASSICAL CHART PATTERNS 🤝Let’s learn and grow together 🤝 ══════════════════════════════ Hello Traders ✌ After a careful consideration I came to the conclusion that: - it is crucial to be quick in alerting you with all the...
Cvcusdt is demonstrating a potential inverse Head and Shoulders reversal pattern, characterized by a breakout from a falling wedge pattern and subsequent completion of a pullback phase. We have identified a buy-back zone for strategic entry and urge caution in adhering to the specified stop-loss level to manage risk effectively. Anticipate increased trading...
GBPJPY Head & Shoulder Pattern 4H. Waiting for the breakout and retest the support level 190.300
So... not to be too negative, but the Top 40 is on key support and if it fails here, we are headed much lower. You will see there is also a head and shoulders pattern present with the neckline coinciding with the key support.
🚀 Stock Alert: *GTYR* 📈 Investment View: Technically Bullish 📈 🔍 Quick Info: 📈 Buying Range : 31.50-32 🎯 First Target : 34 🎯 Second Target : 36 🎯 Thired Target : 38.65 ⚠ Stop Loss: 30.50 ⏳ Nature of Trade: Mid Term 📉 Risk Level: Medium ☪ Shariah Compliant: YES 💰 Dividend Paying: NO 📰 Technical View: Analyzing the current chart, we observe the formation of a...
The stock is in uptrend in Monthly. It is poised to break out of an inverse head and shoulder pattern. Entry - 51.15 Target 1 - 59 Target 2 - 64 Target 3 - 69.