A2 Milk appears to have lost to the bears.
A very distinct head and shoulders pattern has emerged although still not confirmed until neck line is broken.
Taking a look at the relative strength, A2M is under performing the ASX 200 (XJO) which also is a strong bearish sign.
Increased volume on negative candles and on right shoulder shows strong possibility of break...
BTC / USDT had experienced very bad time by whale action and btc saw $78000. Most of were waiting a triange breakout bu it did not happened as usual. And now we are on a Perfect Head and Sholder pattern that could take us to $6500.
hello dear traders.
as you can see on the figure,A perfect cypher pattern is formed on GBPUSD on H4 timeframe.
Moreover,right shoulder of a head and shoulder pattern is in progress.
wait for the HSH pattern to pass the neckline,then you may want to enter.
wish you many pips.
thanks for your visit.
It seems the Head & Shoulders pattern is forming in the daily TF.
Besides RSI shows a downtrend meaning the strength of the uptrend is weak.
Lower Volumes when forming the right shoulder, with respect to the previous ones, will be the confirmation of the pattern.
Possible entry after the Breakout of the neckline @1.71
SL @1.7160 given from the 4H TF analysis
I was just listening to Mitch (www.youtube.com) last night, and he was saying something about that you are not looking for H&S on way down. I was looking for this parallel channel already 2-3 weeks, in all time frames. Now when i made it a little bigger i saw ATH and it looks like 'H&S' and measured move is...
New Thesis on ETHBTC
Points to consider,
- Potential Inverse head and shoulders playing out on the 1hr time frame
- 12 EMA riding as support in to strong resistance, this needs to break for the head and shoulders pattern to be confirmed
- RSI on uptrend with strong support
- Volume declining on right shoulder
- VPVR showing low volume of...
So there's a H&S-ish looking pattern going on here. However, I am not 100% sure, as this looks a bit distorted.
Then there's also a rising wedge at the same time, which tells a higher probability for downside as well.
But as the last times BTC just wonderfully ignored any TA, I am not sure myself this time.
BTC maybe wants to make it look as if an imminent...
I dont see the 1 day 50 ma (in orange dipping lower than this horizonttal red support line before the bottom is confirmed on xrpbtc. I expect it to start making gains against btc once the golden cross s confirmed.
On the 1hr chart it looks like CHFHUF is forming a Head and Shoulder pattern, what would confirm a reversal at the resistance shown on the right daily chart .
A strong resistance on the right daily is tested with the head of this potentially H&S .
The combination of these makes this a great R:R trade to try, even if this is not forming an H&S there is still...