As we can see that Head & Shoulder pattern has been formed on USDCAD so breakout of the neckline will result in downward movement.
EGX30 Possible Scenarios : 1. Bullish scenario following the blue lines. 2. bearish scenario following the black lines.
Head and shoulder formation on 1D chart. Possible downside of EURUSD pair
Possible Head and Shoulder play, in daily OB and CME tapped as head. Strong move down with respect of FVG. Forming possible Right shoulder Aggressive entry: Possible Right Shoulder forming at Resistance, OTE, respecting bearish FVG. First TP at neckline Safer entry: Wait for retest of neckline for confirmation to enter more safe trade, but watch out for FVG...
If you’re not familiar with Fibonacci, familiarize yourself. Right now, we have price holding the .618 or if you’re a technical analysis aficionado, we have right shoulder forming on the inverse head and shoulders. I’m looking for a break out of the downtrend and a larger move up.
1. Massive H&S on US Oil Daily. 2. I believe oil will now resume it's macro downtrend. 3. Exact same pattern on the DXY is forming. 4. Never seen sentiment so low or fearful in a bull market. 5. Risk on
The daily perspective presents a clear tableau, with the neckline having been breached and an imminent pullback anticipated to establish a foundation at the yellow bar region, before resuming a trajectory towards a potential over 300 take profits. The prevailing technical indicators and market structures all concur in their bearish outlook, rendering any...
In retrospect of my previous comprehensive analysis of the EURUSD market conducted on 2 September 2023, during which I posited the potential for a forthcoming market downturn, recent developments have largely validated this prognosis. Presently, approximately 90% of the envisaged scenario has come to fruition. In the ensuing discussion, I shall elaborate on the...
Head and Shoulder formation on 1h chart. Potential bear run on gold
Anticipating a breakout after deviation > Invalidation below recent lows > Target $0.90 > RRR: 1 to 4
Fundamentals: I am not relying on fundamental analysis for this stock, but only technical analysis. Technicals: Daily: Inverse Head and Shoulders pattern Stage 3 uRd Weekly: uRd
iShares Russell 2000 ETF seeks to track the investment results of the Russell 2000 Index, which measures the performance of the small-capitalization sector of the U.S. equity market. The fund generally invests at least 80% of its assets in the component securities of its underlying index and in investments that have economic characteristics that are substantially...
In my previous idea, RIVN was short from the highs. That position was closed today as RIVN fell below the target. I now based on this idea have a long position. RIVN's move the second half of today's session was supported by a strong bullish move in the general market from the federal financial data principally the jobs report. On the 15-minute chart, RIVN...
NZDCAD formed a head & shoulders pattern after a test of a recently broken horizontal structure support. I think that the pair may continue falling, after the release of Crude Oil Inventories data today. Initial target - 0.8115 ❤️Please, support my work with like, thank you!❤️
Daily DXY sitting on high volume node, rejecting lower prices. Moving higher will form reverse H&S pattern with neckline in 102. Measured move will test high volume node on 104. Confluence with VWAP from July low and October high. Added confluence with Fibonacci retracement levels from said Jul Low to Oct High and Oct High to Dec Low. Jul Low, Oct High, Nov Low,...
After Breakout from Parallel Channel,Consolidating on hourly Charts. Looking to make an Head and shoulder formation on Hourly Charts
Price is forming an inverted head & shoulder pattern showing bullish momentum, also supporting the line.
Zoom out on COINBASE:ETHBTC to reveal an H/S inverted that hasn't yet hit TP 1 or 2 and is re-testing its breakout. For a more conservative set of targets (purple), it consolidated around TP 1 and is now re-testing its neckline. Conditions for success: remain above the yellow and/or purple necklines.