1: Weekly Time Frame Breakout at Previous Months Low
2: Weekly Chart Trade Line Breakout and retest
3: Head on Shoulder Pattern formation on Daily Time Frame
4: Breakout of Support which also acts as H&S Neckline
On the daily timeframe (snapchot attached above) the price action has respected very well the channel path and now it's on the edge of going bullish. We confirm this idea by checking on the 1H timeframe that the price action has now rejected a support more than one time and it's on the way of forming head and shoulder which adds...
Inversion pattern on strong resistance
H&S completed and neckline broken
Short opportunity on retest of the neckline
Confirmation on 4H chart, descending lows on RSI
TP on range Right Shoulder - Neckline
SL above neckline
after complete bearish impulse now it is looks like this chart try to complete corrective wave.
chart pattern target will be 92.300 (fib 0.618).
head and shoulders neckline & 200 EMA can be help bulls to fly higher. stop loss should be 89.800
Bearish trend confirmation indications:
1. Formed Head & Shoulders and breaking the neck line
2. From last 6 weeks consolidating below the neck line, which make a zone of 6.75 - 4.75 which is a "NO TRADE ZONE" for us, we let Bulls & Bears decide.
3. Closing below the high volume price range that is $6.06
4. Next major support is at 4.65 range, which can be a good...
STORJUSDT waiting for a pullback after the price had a breakout downward.
If The price flip the neckline as resistance, According to Plancton's strategy, we can set a nice order
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure ->...
The market is in a downtrend.
We're going to analyse those timeframes: W1 - D1 - H4 - H1
Let's begin the multiple timeframe analysis with the weekly Timeframe.
The market is moving below the 50 EMA, so it has more bearish pressure at this moment.
Furthermore, it is also moving in a descending Parallel...
this is trade 200 frm haidojo trading...
I have been holding a position since 9th Oct 2020...an advanced pattern and bearish bat pattern...
it is neither touching the SL nor the tp...haiz...
so still holding until one of them is filled...
the latest discovery is possible formation of head-and-shoulder pattern in daily chart...if this happens, it is a huge...
this is haidojo and the number is 177...
as the market price rebound on Friday, we might see the price retest the higher-resistance level at 2900,
or slowly glides down frm the current price...
IF the market retest the 2900-resistance,THEN possible formation of head-and-shoulder pattern...so wait for break to the downside of the neckline at 2800...(we actually...