Right here is an inverted head and shoulder pattern. This pattern is an idea of what MATIC price layout is currently doing. There's a neckline at $1.73 serves as a major resistance for price to break to confirm a good buy to $1.92. As price is unable to break this neckline, I expect price to fall to $1.48 to form the right shoulder before rising back to the...
Many are expecting another crypto flash crash soon and there has been a lot of selling pressure. However, I believe a strong support has been established as buyers continue to accumulate at the $0.80-$0.85 range. Both the range and standard deviation have narrowed which typically precedes a breakout. This tug-of-war between buyers and sellers has created a...
ALGOUSDT Long after breaking neck line , target can be 1.58
I am looking to short gold. Originally price found support at the monthly/weekly support/demand zone. Price ultimately formed a double bottom. I was expecting price to meet resistance at the neck line (which is also the daily resistance level), and it has. Since price fail to break through the neckline, I am expecting price to retrace to the 50.0-61.8 fib level,...
Enter on the retest of the horizontal support resistance line. Potential entries for a buy are 1745.355 and 1760.754.
Take a look below you will see the previous analysis of this pair. Originally price formed a double bottom. Price retraced to the neckline as expected. After the retracement priced formed a doji on the daily (signally a possible reversal after the downtrend/sell of). This area was near 61.8 fib level, which is where price respected and found support at this...
A head and shoulders pattern has formed on Alibaba and the neckline is perfectly aligned with the firmly established support line that has been tested numerous times since October 2018. The head and shoulders pattern on BABA has been forming since September 2019 and if the neckline/support is broken I think we could see a very significant drop from here.
Here is a head and shoulders pattern and how the neckline can be used as a trigger for either a short or long position. Wait for neckline to declare itself as support or resistance. 2 possible scenarios: 1. Price breaks neckline (resistance currently) wait for retest of what would then be support to enter long position. 2. If price bounces down off neckline then...
Right here is a my idea on Bitcoin. As seen on the chart, price is in an uptrend and I expect price to continue in that direction. But if price breaks the lower trendline downward, then I expect price to follow the double top (M pattern) and approach the neckline at $45,000. If it breaks the neckline downward, then I expect a full M pattern to head to...
Bank Nifty 4h time frame makes a head and shoulder pattern if it close below 35000 we can see some weakness
Price action is being supported strongly around the bottom of the trend channel and 1450 area creating a double bottom, this is a bullish sign as long as the buyers can push price back up towards the neckline. A Bullish confirmation to enter a long would require the 20 and 50 EMA to crossover on the hourly candles and a retest of the neckline to present new...
Waiting for neckline break.
Head&Shoulders + FIbonacci + Double Bottom + Triangle (global)
This setup is only relevant if we can get that daily close below this neckline. As i have already stated to TeePee Students; I want to hit a stop on this, and i will not trade it on a live account. all the reasons for this were shared in our live session earlier today. Targets (1.758 & 1.743) are fib ext targets (1& 1.618). i don't think the previous relevance of...
We can see bitcoin forming an head and shoulder pattern once it break the neckline we might see some bearish move Targets have been marked on the chart. please share your views regarding this analysis
Hello everyone, if you like the idea, do not forget to support with a like and follow. on DAILY: CHFJPY is sitting around strong resistance in green so we will be looking for sell setups on lower timeframes. on H4: CHFJPY formed a head and shoulders pattern in orange. Trigger: Waiting for a momentum candle close below the gray neckline to sell. The head and...
-Price has created a head and shoulders pattern -Price broke the neckline -Price is on route to retest the neckline & possibly have a third touch of the descending trendline -I will aim to enter at the third touch, if the opportunity arises -If not, entry will be at a fib level rejection
Hello everyone, if you like the idea, do not forget to support with a like and follow. on DAILY: GBPNZD is sitting around a strong resistance in orange so we will be looking for sell setups on lower timeframes. on M30: GBPNZD is forming a head and shoulders pattern (still an idea) so we will be waiting for the right shoulder to form to consider it...