iExec looks really bullish with a huge inverse head and shoulders. I would be in this coin for sure.
Hey everyone, we should start off first with the fact that we broke major support. This shows a lot of weakness for GBP. We have also formed Head and Shoulders that we broke the neckline of, so the pattern is valid, meaning we will see a drop as big as the distance from the neck to the top of the head. We have a few support levels, that hopefully we will break,...
As we can see, we have the same pattern forming up as we had not long time ago and we saw how good it played out! We have another amazing opportunity to execute after the breakage of the neck line of the possible Head and Shoulders. We have a divergence to support the theory, that the Sellers have the upper hand, so get ready for a nice short soon!
At the end of the week we could potentially be seeing HS pattern which would give us the opportunity to short with great risk-reward ratio. Trade only after the forming of HS and when it breaks bellow the neck as I have shown in the idea.
A head and shoulders pattern is a chart formation that resembles a baseline with three peaks, the outside two are close in height and the middle is highest. In technical analysis, a head and shoulders pattern describes a specific chart formation that predicts a bullish-to-bearish trend reversal. The head and shoulders pattern is believed to be one of the most...
FX:NZDUSD : Kiwi dollar rallied significantly last week with the RBNZ surprising markets; keeping the OCR at 1.00% Price action is showing significant weakness at a key level of resistance, with the formation of a rather abnormal head & shoulders pattern. A break of the neck line seen around the 23.6% fibonacci could see a longer term push to retest the yearly...
another case of an inverse head and shoulders price continuation, price to push back to 0.63493 to find support (AS PRICE DOES ALWAYS AND SHOULD) this is the anticipation. if reversal to happen at that point. T.P.1- 0.64399 safe place or set .P.A to watch if the Case is that price will continue upwards (and you have the patience to wait for T.P.2@- 0.65381 sweet...
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.
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 TP...
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...
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 terrible. I hope this pattern is incorrect.
Possible Head & Shoulder pattern on EURGBP
EURGBP has finally broken the daily ascending channel. the 4H chart has already shown a small retest for the trendline before falling lower however I believe we could come back 0.9000/0.9010 price point which could also retest the trendline before melting. I'm personally looking at a sell target of 0.8850 however we could even see price return to 0.8790 which has...
Hello Traders, 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...
I am seeing a head and shoulders pattern.
Entry at 1.27567, Stop loss at 1.26578, TP1 at 1.28789, TP2 at 1.29545
Potential head and shoulders within a few fib channels, we'll see how it plays out (just ideas)