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...
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...
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...
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.
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.
$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.
