pidilite made an bearish head n shoulder on an hourly charts & negates it by holding neckline of 2194 & breaks above right shoulder, so that makes pidilite a good buy. Could b bought with mentioned stoploss & targets
Netflix Short Term - We look to Buy a break of 210.00 (stop at 158.96) The bullish engulfing candle on the daily chart is positive for sentiment. A bullish reverse Head and Shoulders is forming. This is positive for sentiment and the uptrend has potential to return. Further upside is expected to close the gap between 248.70 and 333.22. Our profit targets...
Persistent made inverse head n shoulder pattern on an hourly charts & trading comfortably above neckline with decent volumes. Could be bought with mentioned stoploss & targets.
In the coming months, I expect the following catalysts 1. Oil coming down, already there are discussions about removing Russia from OPEC 2. 10 Yr coming down, currently forming an H&S 3. FED adopt a more conservative strategy for interest rates going into 2023 4. Massive short squeeze on tech, High short interest rate there! 5. Rotation from oil to tech 45% are...
USDCHF on the 4h chart is trading at the recent highs. The price is in a bull trend and creates a possible short opportunity below a monthly resistance. After the head and shoulders neckline break the price in fact is approaching a minor support area. How can I approach this scenario? I will wait for the EU market open and check for a possible break below the...
List of Confluence: 1. Head and Shoulders 2. Trendline Breakout 3. Key Level Breakout The risk reward for this trade is 1 to 5.86.
It seems like the 10 year treasury yield formed a head and shoulders pattern. It broke below the neck line on Friday May 20th 2022 which confirms the pattern. Now we'll have to wait and see if it retests the confluence of resistance around the 2.869% area. A dip in the 10 year yield may cause a rally in the tech sector and also in the general market. The...
Hello traders. I hope you are all doing well. Today I will show you my potential trading plan for NZD/USD next week, if things go as I expect. This is a 4h tf and we can see that we have two inverted head and shoulders patterns on it. The first one is almost done, because the minimum target of this small h&s is around 0.6450, and if the price continues to go...
GU daily chart Looking for the reverse head and shoulder formation to be formed. MON-TUE I'm looking on the lower time frames for support to be formed in or above the green one to take buys to swing target. If support fails or daily breaks and closes below green zone, trade will not be valid.
Correction in progress. Retest @ neckline w/ optional TP1. Head and Shoulders in validation, highly reliable. Timeframe predicting with applyed Fibonacci spiral. 70.7% Fibonacci retracement as an average good turning point from expected micro pullback. Expecting a slowing downward. Oscillators: Fisher Transform turning point and trajectory of price action...
Price trapped the head and shoulders sellers and I assume the majority of them are now all liquidated. Maybe we can expect a sell to the fair value gap before we begin buying again. What are your thoughts? 🔥
Bearish divergence on 15M Ehlers Stochastic CG. Supply. Overbought. Right shoulder to accomplish. Head and shoulder pattern in formation. Peak of a bearish flag.
Trade Idea: More downside for S&P500 Reasoning: Downward sloping head and shoulders top pattern Entry Level: 3989 Take Profit Level: 3860 Stop Loss: 4047 Risk/Reward: 2.24:1 Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The...
I'm still new to this, any additional comments to help me out would be appreciated!
Bear Flag + Pennant + H&S Looks like a trap! Short entry point and take profits are marked on the chart. What are your thoughts on this?
Testing support @ $10.45 could possibly see a Break out to retest $12. Either way looks bearish as both current positions are a bearish triple top @ $10 or $12 If no further progress is made.past the $12 previous high.
Hello everyone, if you like the idea, do not forget to support with a like and follow. Welcome to this USDT DOMINANCE update. USDT.D looks bearish here. USDT Dominance forming a head & shoulder pattern in a 1hr time frame. Head&Shoulder are generally a bearish pattern. So when USDT Dominance is bearish, it means that BTC and other Alts might pump from here. So...
TOTAL 1 MARKETCAP 1ST target met which was a Rising Wedge pattern and a confirmed breakdown on the DTF and WTF. I drew this pattern on my chart January 2022. you can also see on the WTF it is losing the multiyear TRENDLINE SUPPORT, I would expect a bounce otherwise 2ND target 800B 2018 cycle HH. 3RD target Weekly Head & Shoulders 400-500B. NOT FINANCIAL ADVICE.