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Head and Shoulders

PSX | Oil and Gas is on the Rise | LONGPhillips 66 engages in the processing, transportation, storage, and marketing of fuels and other related products. The company operates through the following segments: Midstream, Chemicals, Refining, Renewable Fuels, Marketing and Specialties, and Corporate and Other. The Midstream segment provides crude oil and refined products transportation, terminal, and processing services, as well as natural gas, natural gas liquids, and liquefied petroleum gas transportation, storage, processing, and marketing services. The Chemicals segment produces and markets petrochemicals and plastics worldwide. The Refining segment refines crude oil and other feedstocks into petroleum products such as gasoline, distillates, and aviation fuels. The Marketing and Specialties segment purchases for resale and markets refined petroleum products such as base oils and lubricants, and power generation operations. The Renewable Fuels segment processes renewable feedstocks into renewable products at the Rodeo Renewable Energy Complex (Rodeo Complex) and at Humber Refinery. The company was founded in 1875 and is headquartered in Houston, TX.
NYSE:PSXLong
by DivergenceSeeker
CCO | Distribution Pattern | FractalsLooking ahead we can see the next phase of price action falling into a distribution pattern Since correction wave 4 buyers took off but seem to be running out of steam. Eventually sellers will have to show what they can do after this trend breaks on a lower timeframe. Ideal move going forward would focus on short positions only with a local swing target of ~$96 since that was the last area of support Entries would be somewhere at the Head if using textbook patterns (HnS) or SMR A confirmation entry to be on the safe side would be after the Breakout Bar indicating a change in trend, and then waiting for the Distribution phase to kick in for more shorting opportunities. To add confluence to this trade idea we can look back at historical price action and find similar fractals that matches with current price movement At least two fractals are spotted with the same patterns that are building the same price structure we're in Elliott Impulse Wave, HnS Pattern, and Distribution Phases. If buyers are not interested in the local support lvl then liquidity at $76 will be next zone.
TSX:CCOShort
by Nathanl19
Short! Short! USDCAD - Double Head and Shoulder PatternI have identified a clear head and shoulders pattern forming within a larger head and shoulders structure on the daily timeframe for USD/CAD, indicating a potential bearish reversal. From a fundamental perspective, several key factors are contributing to the current weakness in the Canadian dollar against the US dollar: Canada's labor market showed significant weakness in August 2025, with a notable loss of 65.5 thousand jobs and a rise in unemployment to 7.1%, the highest in years. This has increased market expectations for monetary easing from the Bank of Canada (BoC). Although core inflation remains above target, the weak jobs data is pushing the BoC towards potential rate cuts or a more accommodative policy stance, which weighs on the Canadian dollar. The market is currently pricing in a very high chance (around 98%) of an additional rate cut by the BoC in September, following previous reductions to 2.75%. This dovish stance contrasts with the Federal Reserve’s more cautious or hawkish approach, creating a wider interest rate differential that supports US dollar strength. Additionally, declining oil prices, a major export for Canada, are exerting further downward pressure on the CAD. While recent US economic data has been mixed, the Fed is generally seen as less dovish than the BoC, sustaining demand for the USD. Trade tensions and geopolitical risks between the US and Canada add to concerns over Canada’s growth outlook, contributing to CAD depreciation risk. Trade Tip A strong close below the Entry line will be a perfect entry /4hr TF Stoploss : Above the Left Shoulder (Red Rectangle) In summary, the combination of a weakening Canadian economy, dovish BoC bias, lower oil prices, and interest rate divergence between the US and Canada all support a bearish outlook for USD/CAD, which aligns well with the bearish head and shoulders pattern I have spotted on the chart. Not an Investment Advise
Short
by REUBEN_EUSTACE
AMAT – Inverse Head & Shoulders BreakoutApplied Materials just broke above the $200–205 neckline of a clean Inverse H&S on the weekly chart. After a strong run in the past month, price may pause or retest the breakout zone before continuation. Plan: ✅ Light entry above $205 ✅ Add on pullback/consolidation near neckline ❌ Invalidation below $195 / $160 (right shoulder) 🎯 Target: $250 (ATH zone) The pattern projects even higher (~$275–280), but $250 is the first realistic milestone. Watching closely for follow-through or a healthy retest.
NASDAQ:AMATLong
by manueldelcura1
BTC - Head and Shoulders PatternBTC chart appears to be playing out a pattern in spirit of a Head and Shoulders pattern, which typically signals a potential bearish reversal. Based on the recent double top observed on 14 August 2025, the percentage decline from that peak to the neckline of the pattern is approximately 17.14%. If this pattern plays out as expected, it suggests a further downside of around 17.14%, equating to roughly $19k, which would bring BTC’s price down to $90k-$91k. This target level is supported by three key technical confluences: - A multi-month ascending trendline connecting major pivot lows dating back to Aug 2024 - 61.8% Fibonacci retracement level, often considered a significant support zone - A strong support zone on Daily timeframe Given these factors, the probability of a continued decline appears high, and further downside pressure may be imminent.
by I_M_Shoaib
5
Gold May Retest 3800 — How to Trade It?Today, gold pulled back to the 20 area and formed a short-term bottom confirmation on the 30M chart with several long lower wicks. Next, watch the 58 resistance. If price breaks and holds above, bulls will gain a clear advantage, with a likely move to test 3800. During this move, the 72–77 zone may provide resistance, but strong bullish momentum is likely to break through it. If gold reaches around 3800 and pulls back, this level will become a new support zone.
FOREXCOM:XAUUSDLong
by China_MsWang
Head and Shoulders move @~125k I just saw an idea mention H&S @123k and I have to say I agree! Reputation? None lol I've just been looking over this data the last couple of years. So far my prediction has traced out pretty accurately 😅 Not a genius or person to get on board with... It could go up instead of down from here; contrary to the predictions of an actual Head and Shoulders playing out irl. 🤷🏻 Bitcoin has always done the complete opposite of my expectations in the past, let's hope I'm not just a late bandwagonier 🙃
INDEX:BTCUSD
by MikeB1972
1
TOTAL - Head and Shoulders PatternTOTAL chart appears to be forming a Head and Shoulders pattern, which typically signals a potential bearish reversal. Based on the recent high observed on 14 August 2025, the percentage decline from that peak to the neckline of the pattern is approximately 13.4%. If this pattern plays out as expected, it suggests a further downside of around 13.4%, equating to roughly $500 billion, which would bring TOTAL’s market cap down to approximately $3.26 trillion. This target level is supported by two key technical confluences: - A long-term trendline connecting major pivot highs dating back to 17 December 2024 - 50% Fibonacci retracement level, often considered a significant support zone Given these factors, the probability of a continued decline appears high, and further downside pressure may be imminent.
CRYPTOCAP:TOTAL
by I_M_Shoaib