It was depicted earlier that something similar to Reverse Head & Shoulders Breakout is in Progress and that showed today. Next Resistances: 18270 and 18441. Immediate Supports: 18153, 18042 and 17966.
Market Outlook: Nifty is on a roll and taking all the negative news under it’s wings and rising like a phoenix. The Mother of all bi-monthly economic events FOMC meet and decision on US Federal Reserve rate hike/Pause and US Fed chief Powell’s comments about the future rate decisions awaits to test its resolve. A positive looking Reverse Head & Shoulder like...
Alibaba’s downward price probably stalled @ 1) Demand Zone 2) Right shoulder of reverse head & shoulder pattern.
Its showing reverse head & shoulder so we put order type buy stop at break of neck line with below instructions REVERSE HEAD & SHOULDER BUY STOP ENTRY PRICE: 143.469 STOP LOSS: 141.021 TP1: 145.937 TP2:148.400 RISK REWARD 1:1
Hey. Guys we need “strong heart” to ride many “high profile” roller coaster track particularly in “leveraged market” e.g . spot gold/ cryptocurrency etc beside probably “consistency of nagging” from our partner which some can’t “feel” the “romances” of Candlestick dinner/chart But LV bags...
Now let's check in the weekly, it showed me the pattern of the reverse head & shoulder, so we can consider this pattern from the neck line where we are now.
When we look on a larger time-frame, foremost 1D, we can see more and more evidence that BTC moves with a channel, respecting the FIBO retracements. Also on a global scale we can see a reverses head and shoulder formation, that could lead to a short and rather rapid price explosion towards the uptrend. the RSI 13 illustrates that BTC returned from overbought to a...
When we look on a larger time-frame, foremost 1D, we can see more and more evidence that BTC moves with a channel, respecting the FIBO retracements. Also on a global scale we can see a reverses head and shoulder formation, that could lead to a short and rather rapid price explosion towards the uptrend. the RSI 13 illustrates that BTC returned from overbought to...
US30 has made a possible small reverse head and shoulders on the 800 and 200ema support on the 15min chart, we could see a buy to continue the trend
I believe I'm looking at a reverse head and shoulder on Block (SQ) on the weekly. This could indicate a longer term breakout above the fib. I'm thinking of small position size to front run the break out, a little more on a pullback (considering RSI) and larger size after a breakout up to 100. Tech's recent run in January and Block's extremely strong pullback...
Nice fibs, reverse head and shoulders, good drawn levels (by me) and possible retest on the downtrend.
Quite a lot of information. Reverse head and shoulders, descending triangle (symmetrical price ranges on break up/down) , Gartley and Fibs
BTC 4h chart just completed a reverse H&S pattern which is bullish for the short term. Above is the untouched liquidity, the price has to go up there at some point. I have my targets between 20500-21100.
The market is on a down trend because of the lower high and the lower low then price make a higher high And a same low confirm that price want to go up. If u like this idea like and comment for more ideas like this.
CAMS is forming a good pattern, there is a good accumulation happening at current levels. Technical Target 1 - 3490 Technical Target 1 - 3900
OANDA:GBPUSD GBPUSD failed to create a new lower low, forming a reverse head and shoulder pattern. Should price break above previous lower high, it will give us a bullish setup.
Possible head and shoulders reversal pattern forming for a move back to resistance or higher.
$TLT, the ETF for long dated bonds just gapped up to break out of a bullish-reverse-head-n-shoulders pattern (daily chart). Also, the 21EMA is begging to cross the 50sma.