Bearish on MRNA, though earnings are always a toss up. If we see a breakout to upside, I believe it's a good short opportunity. Earnings may just flop, and it finds itself testing neckline of weekly H&S, sloppy looking one at that. Notable areas that could see short term reversals and/or support... $102, 95, 88, 75
The 10-Year Treasury yield has been consolidating since April as traders grappled with inflation and recession woes. Now, a bearish Head & Shoulders chart formation is prevailing. At the time of publishing, prices finished forming the right shoulder and were trading at the neckline, which seems to be around 2.70. This is as the 100-day Simple Moving Average...
The following days are going to be great sell off session with everything going on. Looking at an RR of 1:4 Not bad at all Head and Shoulder Pattern. Now we melt
Hi Traders, Have a look at GBP/USD on the 4-hour chart today. We have a head and shoulders pattern playing out. Notice the way I drew the pattern on the charts. We have our left shoulder, head, and then right shoulder. Our neckline is highlighted as an ascending trend line. Please note that neckline zones do not always have to be perfectly horizontal. They...
Horizon entered short right around current price. It looks like an inverted H&S is forming on the 10 and 15 too. This is would be a strong bullish signal. Let''s see how things develop during the NY session.
Trade Idea: Selling NZDUSD Reasoning: Possible Head and Shoulders forming on NZDUSD. A break lower would also see the short term channel invalidate. Entry Level: 0.6610 Take Profit Level: 0.6121 Stop Loss: 0.6242 Risk/Reward: 3.18:1 Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. ...
We have a possible head and shoulders pattern again on the 1hr tf on the eur/usd chart. This can be our trading guide. If it fails again, we can establish short positions. If it starts working, we can go LONG. Note that next week we have the ECB meeting and the 1st rate hike announced, so if the ECB surprises the market, we could see some relief in the Euro, but...
Head and Shoulders on NASDAQ chart (mirrors Inverse H&S on DYX chart).
Along this strong horizontal line two distinct inverse H&S formations can be seen With the right shoulder of the second one yet to form (indicated by yellow arrow) Price should revert to bull once horizontal is touched
What the market is presenting: Neckline kiss setup Daily view shows one year distribution pattern Weekly view shows massive double top pattern You don't need to know what's going to happen next to make money ~Mark Douglas Anything can happen ~Mark Douglas
Before you read this, check out the related idea where we released XAUUSD's 1 week chart where you will notice the major support we are referring to in the subject of this idea. XAUUSD is trying to form a reversed head and shoulders right at that support, we already have a possible higher low but we are seeing rejection of the daily VWAP which doesn't make me too...
The DAX is in a clear bearish trend and there seems little that can support the idea of upside, one bullish thought might be the fact that the EUR is weak and that could help with exports for the German industry, but with inflation being so high globally and supply chains being so disrupted I highly doubt this will help the German industry generate an income since...
The price is testing the 4h support on 880$ after a new bullish impulse where the market retest the daily area resistance at 1120$ Now the price lost the recent daily support n 955$ and the price is creating an head and shoulders pattern where the neckline is the 4h support How to approach it? IF the price is going to lose the support and retest as new...
$ETH is in the process of printing an inverted head and shoulder pattern on the 3 Hours timeframe, downtrend is getting weaker and if we broke the blue line and printed the right shoulder, we a good 4 R Strong divergence is a good sign for reversal patterns, let's watch and see 👀 Sellers need to take a rest, we probably going lower (per cycle thesis), but a...
Hello traders! Welcome back to another episode with Analyst Aadil1000x. As I always teach you never Buy Inverse Head and shoulder, and never sell Head and shoulder. It's always good to do the opposite. We can see BNB formed a reversal pattern after a breakout and a dip after that. Now BNB is at the magnetic line, This is a type of line where the market keeps...
On H4 tightening of price move within triangle pattern. Breakout will show the direction. Recently formed head and shoulders pattern, so breaking neckline support level is needed as confirmation of further down move. Trade carefully!
'I'm looking for a possible sell on GBPJPY. The main reason why I started to look for short opportunities on GBPJPY was the rejection and failure to create higher-high around the price zone 166.180 - 166.394. I'm also seeing a possible Head and Shoulder to be completed. Hopefully with the GBP weakening and the YEN gaining some strength. As long as the price...
Hello friends, on the weekly scale we see a head and shoulders pattern (which is not confirmed yet) . The right shoulder may take some weeks to develope but if completed you should see a down move, around 39,00€. A strong bearish weekly close below the "neckline" is an short signal. 🤞