Is INDY set to make a Head and Shoulders pattern by making and upside correction? The chart tells me so. We are at a demand zone from 2021 as you can see from those choppy candles. I believe theres little risk if we enter now.
Market Structure Bearish on higher Time Frames Weekly and Daily in same AOI Weekly Engulfing Candle Weekly Rejection at AOI Around Psychological Level 1.70500 Daily Engulfing Candle AOI at Daily LH AOI at H4 LH Potential H4 Head and Shoulder REMEMBER: Trading is a Game Of Probability : Manage Your Risk : Be Patient ...
Potential for a corrective wave Watch for price action to break into the cloud Either T/P at $15.50 or enter long Confluence hourly through 4 hour chart Daily shows a little overvalue just looking for some support to ramp higher Negative correlation relative to BTC, so it slooks like chainlink is lagging or creating its own vibe DYOR Give thanks always #charptorn
BTCUSDT is trade with Inverse Head and Shoulder ( Reversal pattern) which indicate that bullish trend will be continue also print HH ,HL . We can attempt to buy at HL or at current level.
Numerous indicators are showing that Bitcoin may want to retest that 48k resistance level again. The retest comes quicker than I anticipated by I am not going to fight price action here. VRVP and FRVP support strong accumulation at or near the neckline of that inverse H&S pattern I have drawn. Neckline has been broken to the upside where there is not a lot of...
Marathon Digital Holdings is about to test the neckline of the H&S. Bitcoin miners had huge volume on Friday. Will be looking for a bullish close on the daily above the neckline to initiate a position. After Fed announcement, where I do not expect Powell to add anything new. Powell will probably reiterate we will go again if inflation persists and the monetary...
TVC:DXY CRYPTOCAP:USDT.D BINANCE:BTCUSDT .There are some possible pattern targets on the chart.I thought BTC reached 44.400 then goes down but USDT.d shows it has a potential to go a little bit higher. USDT.D %5.6 lvl important to watch.
Bitcoin is testing the neckline of the H&S pattern. 16k might be the generational bottom if we get a close above 47k. You can go with the break or wait for a retest of 47.5k. If I were to trade it, I would wait for the retest as the big boys are into this now. I would be playing this event by buying MicroStrategy (MSTR), Marathon Digital (MARA), CleanSpark...
NZDUSD has been languish around lately. It had a good jump during year end last year. There seems to be a H&S formation on the cards. Watching this like a hawk.
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Almost to the full breakout target of this inverse head and shoulder pattern I posted awhile back. If you view this same pattern on the logarithmic chart it gives you a much higher target around 64-65k but I think the linear chart’s lower target shown here has much higher probability of being reached. Eventually the other target will get reached but we will...
Rune is bullish, targeting marked price for short term profit
Pinterest appears to be topping out and here is an Analysis that gives us some potential downside targets if price decides to keep pushing lower. Beware of a potential exhaustion push up from the current position. Will be keeping an eye on this one closely for some Put Contracts. Not Financial Advice - this is for educational purposes only.
Good evening everyone! It seems that AUDUSD has completed its head and shoulders pattern on the daily time-frame. If price continues down (as the pattern suggests), then the next major support area is .6285 - .6270 followed by .6170 (not shown), which is also the measured H&S target. Enjoy the last trading day of the week and have a great weekend.
Hello All, The recommendations are purely for educational purpose only, consult you financial advisor before trading. Targets are mentioned in charts (either red lines or balck lines), keep Stop Loss as per your risk.. If you like my Idea, Don't forget to Boost and comment on my Analysis.. Have a profitable year ahead Gautam Khanna Technical Analyst by Passion :-)
eurnzd has continued to move aggressively to the upside so i will be continuing to hold this position. on top of that ive gave you guys another breakdown of eurcad.
- Buy at the break of neckline of inverse Head & Shoulder - The strong bullish divergence shows the bulls are active in the market - There are some strong resistance zones before it hit the TP1 but as per the projection it should hit the TP1 at least - When TP1 is hit, place the stop loss as breakeven for trade2 - There is a strong bullish divergence on 4h too.
CVNA might offer another entry today. Might be a fake breakout first. But still interesting.