The reversal pattern Head and Shoulders was formed successfully with a strong price rejection when it re-tested on the uptrend-neckline around 28k, which is the greatest entry point for a swing short position.
Although the best swing short opportunity for shorts have been missed, opportunities for shorts are still there. Follow short when the price breaks below...
As shown in the chart this is an inverted head and shoulders pattern.
Most often price will reach the 1:1 extension of the distance between the Head and the neck line (shown by the yellow line) taken from the top of the right shoulder.
The stop loss is placed below the tip of the right shoulder.
Entry = 0.3748
Take Profit 1 = 0.4755
Take Profit 2 =...
Company: Ford Motor Company
Ticker: F
Exchange: NYSE
Sector: Consumer Discretionary
Introduction:
Today's technical analysis takes a look at Ford Motor Company (F), a prominent player in the Consumer Discretionary sector, listed on the NYSE. A complex formation is unfolding on the weekly chart where a long-term Head and Shoulders pattern encounters a...
Crude oil futures (CL) is exhibiting head and shoulders bottom formation on the 4h chart. The price has broken out of the neckline.
It is best to wait for a retracement followed by continuation before initiating long positions. Measured move target: $78.20.
Welcome back! Let me know your thoughts in the comments!
** EURAUD Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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Expected Path (solid black):
- Drop to 396-401 by May 5th (this would mean a very bearish upcoming week - has the setup if SPY stays under 418, I'm seeing gap down next Monday and then sell off)
- Then bounce to test 408-412 by May 12th; if rejected under 412 then it will continue back down to 388-393 range by end of May
Most Bearish path - solid pink (head and...
Hi everyone!
The Daily Chart should speak clearly, so we have two potentially interesting patterns that we could follow in the coming weeks.
From a technical point of view, we are talking about a "Head & Shoulders" and an "Inverted Head & Shoulders" .
The levels shown on chart are approximate, what I am interested in sharing with you is the potential swing that...
Do you see what I see?. A beautiful Head and shoulder in the day chart. This is a long term trade. So be patient. Soon or later the price will reach to the bottom 0.6300.
Sell AUD/UDS.
Safe trade!
Bajaj Auto (NSE Ticker: BAJAJ_AUTO) is forming two back to back bearish patterns on the hourly chart.
First bearish pattern: Broadening formation
Second bearish pattern: Head & Shoulders
We see high probability of fall in price in the coming days toward measured move and 200SMA target of 4410.
There's a gap on the SPX daily chart. If the gap fills it will put us right near the daily 200MA and complete a bearish Head and Shoulders formation, which would have a target down near the Oct lows.
Hi Traders, Investors and Speculators of Charts📈📉
Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year 🏫
From the short term / daily perspective, Bitcoin has turned bearish. These reasons are pointed out on the chart, including a few very clear...
After a massive decline, and corresponding pump from the 100 area, PEPE has yet again found resistance around 210 (omitting the zeros for readability).
I think that the bottom is in, for the short-term at least. Potentially, PEPE will form an inverse head & shoulders pattern, which is a bullish reversal pattern.
Ideally, the price will move back towards the...
With the greater market at a knife's point and the US economy waiting for something else to break and recession to kick off, are we going to see Bitcoin back at the $16k level before year end?
CADCHF is in a downtrend.
However last week we saw a big move up which is about to end.
The pair has a big H&S in 1 hour chart.
There is divergence on the RSI.
We can expect a big fall once the trend line is broken.
Head and Shoulders pattern. Now on the neckline. If it breaks, 25,200 is definitely in the cards sooner rather than later. And, from a technical perspective this would be both beautiful and extremely bullish Bitcoin! You all know I have been anticipating this retest for over 5 weeks now. Let's see if we can achieve what would become a gloriously bullish retest of...
The chart posted is that of BAC we had what seems to be a rather classic head n shoulder top so if the over all market is going to hell as I stated in the forecast dec 2021 why does everyone WANT and Need to trade the long side ??? I have lived thru NINE BEAR MARKETS and have traded since 1972 when I was in high school. I have managed funds since 1990 ...
Looking at the weekly chart, I noticed a clear H&S pattern on VWAP. VWAP is an intraday indicator, but it can show a pattern in larger frames, like now.
I was trying to find a way to draw and measure it clearly on commonly used timeframes, but it is most apparent on a 2h chart.
As you can see on VPVR on the right, the neckline is below the 27100 resistance,...
Is NASDAQ:EBAY Completing a Bearish Head and Shoulders Top?
The monthly chart is pretty close to completing the right shoulder in what looks to be a bearish Head and Shoulders formation.
Measuring from the top of the head down to the neck line would put the price target down to $3.00 and change.
It will be interesting to continue to watch what the 14 RSI does...
