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Head_and_shoulder

🔥 HBAR Multi Year Head & Shoulders: Waiting For The BearsHBAR seems to have formed a bearish Head & Shoulders pattern over the last couple of years. There's no confirmation of the pattern yet, so wait for that before drawing any conclusions. HBAR is arguably one of the weaker alts at the moment, so wouldn't be surprised if it breaks bearish at some point in the future; patience is key. In case of a bearish break out, I'd be looking at the yellow areas for potential targets. Will come back to this trade once we see more bearish price action.
Short
by FieryTrading
4
DXY strength ahead?Fundamentals: The US #10year #yield is aiming for 4% whilst the US 2 year yield is aiming its previous hight. This is most probably on the back of higher sticky inflation which will require higher rates from the FED. This development is positive for the relative strenth of the #dollar in the #dxy Technicals: On a weekly graph, the DXY (inspite of a short spike) has traded inside a falling wedge. We are now trading at the top of the falling wedge. Within the falling wedge, we currently have a right shoulder as part of an inverse head & shoulders pattern. Potential Upside: If we see both the falling wedge and inverse head & shoulders breaking to the top, the wedge's projected move is marked in yellow and the inverse head & shoulders projected moves are marked in white.
TVC:DXY
by chsmit
DXY Dollar strenght ahead?Fundamentals: The US #10year #yield is aiming for 4% whilst the US 2 year yield is aiming its previous hight. This is most probably on the back of higher sticky inflation which will require higher rates from the FED. This development is positive for the relative strenth of the #dollar in the #dxy Technicals: On a weekly graph, the DXY (inspite of a short spike) has traded inside a falling wedge. We are now trading at the top of the falling wedge. Within the falling wedge, we currently have a right shoulder as part of an inverse head & shoulders pattern. Potential Upside: If we see both the falling wedge and inverse head & shoulders breaking to the top, the wedge's projected move is marked in yellow and the inverse head & shoulders projected moves are marked in white.
TVC:DXY
by chsmit
THE KING OF THE HEAD AND SHOULDERS | How to find this pattern ⚡Zer0_Trader The essence of the strategy is to search for the direct and inverted "Head & Shoulders" pattern Shoulders" pattern with the simultaneous confirmation of its potential workout on Zer0 Trader Indicator" indicator, which makes it possible to trade regularly, minimizing the closing of trades by stops. ❌TRADING WITHOUT AN INDICATOR We see the "Head & Shoulders" formation, enter the trade 🔜 the trade is closed by a Stop Loss⛔ ✅Trading with the "Zer0 Trader Indicator" indicator We see the formation "GIP", we see the confirmation of the result on the indicator, we go into trade 🔜 trade is closed at Take Profit As you can see from the examples above, it is absolutely not enough to find only a formation because: - Perfect formations are quite rare in the market, and full-fledged it is necessary to trade regularly to make a full-fledged profit; - Every trader tends to see or "complete" a formation where it is not any trader has a tendency to see or "draw" a formation where it doesn't exist and this leads to an increase in loss-making trades; - without additional confirmation of a potential working out of a formation your deals form, your trades will be closed by stops more often and take unnecessary losses which you could have avoided using the indicator. 📈 INDICATOR "Zer0 Trader Indicator" In order to enter non-obvious but potentially profitable situations and I created the "Zer0 Trader Indicator" indicator to minimize errors. Thanks to which increased the percentage of profitable trades by 90%, and the percentage of trades closed of trades closed by stop was reduced to 10%. The signal to enter the trade, along with the formation of Head & Shoulders/reverse Head & Shoulders, are the reduction of strength on the indicator, namely, descending peaks (divergence/convergence), as in the examples below. 🔎EXAMPLES OF WORKOUTS In the framework of the trading strategy with the use of the indicator all situations can be can be divided into 2 types: - Head & Shoulders/ reverse Head & Shoulders with a flat base - Head & Shoulders/ reverse Head & Shoulders with diagonal base 🟢Head & Shoulders/ reverse Head & Shoulders with flat base *ideal, but rather rare situation 🟢Head & Shoulders/ reverse Head & Shoulders with a diagonal base *The situation you will deal with most often ✍️ STEP BY STEP INSTRUCTIONS FOR WORK Setting up a chart in TradingView - Line" chart view - logarithmic scale Searching for the Head & Shoulders/ reverse Head & Shoulders pattern - it is important that similar patterns draw several coins simultaneously - on a downtrend, the chart and the indicator should be reversed (the scale should be inverted) - you can look for a pattern by the indicator (divergence) - the more ideal-looking is the pattern, the higher is the probability of its execution - it is important that the pattern is drawn correctly not only on the line, but also on a candlestick chart chart Comparison of the chart and the indicator The indicator must show a decrease in strength (three divergence). Searching for the entry point TVX - entry point when the neckline is broken and the of the candle behind it. It's important to have an identical pattern on other coins as well. Risk evaluation Potential of the trade is measured from the top of the head to the level of the neck line. We draw a line from the peak of the head to the the neck line and re-position it to the potential breakout point. We take the "Short/Long Position" tool and put it in the TVX. Then we stretch out the targets by the level of potential, and stop 3-4% above the head (on the candlestick chart). Setting targets Objective 1 (45%) - from the entry point to the middle of the breakout Target 2 (45%) - till the end of analysis Target 3 (10%) - to the moon, based on the previous extremums *At achievement of the first target we move the stop to the Buy ☢️ THE MOST COMMON MISTAKE Entering a trade in the absence of a pronounced divergence on the indicator Such an error leads, at a minimum, to unjustified and useless losses, and, at a maximum, to at most, liquidation, if there were no stops at all! 🔴THE MOST IMPORTANT SECTION WHERE TO START TRADING? You have read this tutorial, you understand everything and you are ready to fix the profit. BUT! The first thing you need to start with is training on history and developing observation of not just the chart, but the chart through the prism of this strategy. For I strongly recommend each of you to do your homework. Despite the fact that I've been trading for several years now, I myself regularly myself on a regular basis. HOW TO DO MY HOMEWORK? 1. You pick any coin and any year that has already completely passed. 2. Rewind the chart to January 1 and press "Market Simulator", which will hide the chart movement from you after that date. 3. Choose a simulation speed of x10 and press the "Forward" button until you see the potential formation of the right shoulder, until you see the potential formation of the right shoulder and head. 4. Next, you draw a potential neck line, a working pattern, and wait for for confirmation of the formation. Additionally, see if a similar situation is drawn on other charts. situation on other charts. 5. The deal worked out. 6. Make 2 screenshots (line + candlestick) and enter the results in the table "Home" in your worksheet. 7. You save the screenshots in the folder with the name of the coin and drop them into the chat room, where I will give comments.
Education
by zer0_trader
2
The Bullish Case for Bitcoin! A Comprehensive Analysis!!!Chart is speaking it self!!! 🌟The Bitcoin is in a Bullish phase by ⤵️⤵️ ➡️the BTCUSD has finished It's first five waves of Elliot wave principle movement (12345 Impulse wave) and also (ABC) wave. The possibility of starting a impulse 5th waves!!! ➡️falling wedge pattern it means that the price would increase and the price has already broken the pattern! ➡️the price now is making a pullback to the bottom of the descending triangle (which is shown in the picture) if the price breaks that important level we shall see a lot of increase in the price! ➡️A inverse head and shoulders pattern means a great bullish trend on the horizon (AB=CD). ➡️also Broadening Wedge it is another bullish sign. 🌟 Bullish signals are: -Head&Shoulder. -Broadening Wedge. - falling Wegde. -This is Longterm Analysis!!! ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⏮️Previous Analysis:
BITSTAMP:BTCUSDLong
by CobraVanguard
7
XAGUSD Spot Silver Long XAGUSD on the 2H chart over the past month has ascended into a head and shoulders pattern and then descended into a pivot on June 22nd. As it is now ascending, silver is a long trade candidate. I see the stop loss as pivot low on 5/25 . Based on the volume profile and its POC line, as well as the H & S pattern, the first target is the POC line at $ 23.3, the second target at $23.45 which is the neckline of the pattern while the runner is $23.9 the horizontal line of the top of the shoulders. I will take off 1/3 of the position at each target. Additionally, I will raise the stop loss to break even upon getting halfway to the first target and to the first target upon getting halfway to the second target. While leveraged on forex I expect a high profit compared with the risk in the trade which will be risk off upon moving the stop loss.
OANDA:XAGUSD
by AwesomeAvani
FrogAlgo: Head and Shoulder PatternThe head and shoulders pattern is a well-known chart pattern utilized in technical analysis to anticipate potential reversals in price trends. It derives its name from its visual resemblance to a head and two shoulders. Typically forming after an uptrend, this pattern is considered bearish and indicates a potential reversal in the market. Here are the main characteristics of a head and shoulders pattern: - Formation: The pattern consists of three peaks or highs, with the middle peak (the head) being the highest and the two outer peaks (the shoulders) slightly lower in height. The lows between the peaks form the neckline valleys. - Neckline: The neckline acts as a support level, connecting the lows between the peaks. It serves as a crucial level for confirming the pattern. The neckline can slope upward, downward, or be horizontal. - Volume: Volume plays a significant role in confirming the pattern. Typically, volume is higher during the formation of the left shoulder and the head, and lower during the formation of the right shoulder. A notable increase in volume can occur when the price breaks below the neckline, confirming the pattern. - Breakout: The pattern is considered complete when the price breaks below the neckline. This breakout serves as confirmation for the bearish reversal, signaling a potential shift from an uptrend to a downtrend. - Price Target: To estimate the potential downside target, measure the vertical distance from the neckline to the top of the head, and subtract that distance from the breakout point. This projected target represents a potential price level that the asset could reach after the pattern is confirmed. - It is important to note that the accuracy of the head and shoulders pattern, like any other chart pattern, is subjective and can vary depending on several factors. Factors such as the timeframe, market conditions, and the quality of the pattern itself can influence its accuracy. - Traders and analysts often use additional confirmation signals and indicators, such as volume analysis, momentum oscillators, and trendlines, to increase the reliability of their predictions when identifying head and shoulders patterns. While the head and shoulders pattern is widely recognized and utilized by technical analysts, it is important to incorporate it into a comprehensive trading strategy that considers other factors such as fundamental analysis, market sentiment, and risk management.
AMEX:SPY
by A1TradingHub
GBPCHF Head and Shoulders PatternThere is a head and shoulders pattern on the 4H timeframe on GBPCHF that has formed at a resistance level and now starting to show weakness as the uptrend runs out of steam.However I strongly recommend waiting for the neck line to be broken first and then enter a short trade.Also another confluence for this trade is the RSI divergence suggesting a downtrend.The trade setup for this would be to enter at the break of the neckline(wait for candle close) which is also a flip zone( resistance turned to support) and set stop loss at 1.14444 and take profit at the second support level at about 1.11679 Trade Setup: Entry - at the break and close of neckline Stop Loss - 1.14444 Take Profit - 1.11679
Short
by fayezhazzem
Why do Patterns fail so often?To answer this question, let's try to take a classic Pattern as an example: the "Head and Shoulders" . Typically Traders take short position (in this example) on neckline breakout and place stop loss above right shoulder or head. If we only take these elements into consideration, it often happens that pattern fails. Why does this happen? Because these elements are not enough and we need to use some "filter". One of these filters, and perhaps the most important, is the "placement". For example, the Head and Shoulders is considered a Reversal Pattern that should only appear at the end of a Trend, and this is where the "Elliott Waves" come into play. In fact Elliott claims that a Trend is formed of 5 waves (3 + 2) and often the first signal of the end of the trend is the first bearish leg after wave 5 (Wave A). Another important filter could be RSI indicator because often some divergence also appears in wave (5). In conclusion, the Patterns work very well on the market but you also need to learn how to use them correctly, trying to use some filters to get some more confirmation and limit losses as much as possible. Naturally these considerations are personal and come only from my experience, but they are absolutely subjective and therefore open to criticism. ...I hope I was helpful.
Education
by TheAnonymousBanker
4
DJI - Bullish H & S pattern #stocksMarket sentiment has changed with the fed pausing interest rate's. possible we see this bullish move, but this doesn't mean Bull market. zooming out you can see, this will break ATH and possible to complete an old wycoff accumulation extension. My thoughts.. we may get the break out from all time high with the fed easing, but this is likely to be a bull trap! Im still expected the Dow to take out the lows, later on in the year possibly when we see further rate hikes! Suspected a recovery based off a W pattern I see forming on the US30, link attached below. Originally I was very bearish once the price rejected 0.702 fibonacci retracement levels twice. now its very possible to see a bullish recovery, will do great for market sentiment! but I would be very weary once this H & S completes this pattern.
TVC:DJILong
by dibz1996
BTC monthly Head and ShoulderHello Birdies, I know many people not gonna like this. But I cant resist to post this idea. No matter what you say the head and shoulder is bright as sun. If this got validated GOD!! The demand zones are marked by monthly and weekly. The strongest demand zone is at 9k-10k. If it fails I dont think weekly zone gonna hold. It will fall to next Monthly Zone. I dont know fundamental and by design I am only telling what chart is saying.
BITSTAMP:BTCUSDShort
by BlackBirdTrading
65
TCS BULLISH DIVERGENCE TRADE SIGNAL - BUY(a) TCS has formed a strong bullish divergence pattern on the daily chart indicating bullish movement (b) It has also CROSSED OVER 200 SMA recently making the likelihood of the bullish movement even more stronger (c) On top of that it has also broken out of the resistance NECKLINE of the recently formed HEAD & SHOULDER pattern which it had earlier respected & had tested a few days ago (d) All these above mentioned patterns are indicating that tcs is ready for a ride upwards
NSE:TCSLong
by peace_lover
Nifty Trade Setup (13-June-2023)This will be my personal trade Setup, This is not an advice of any kind to initiate trade according to this setup. This is for only for my learning purpose and maintaining my trading journal. Head & Shoulder pattern on higher time frame of Nifty. If nifty respects this pattern then we can expect good move downward. On Upside Resistance is at : 18660,18777. On Downside support is at : 18550,18500, (If market respects pattern then 18400 last support. From last week all indices are range bound and not good for directional trades setups. For Trade Setup today: 1.) Will buy if break and sustain above 18660 for target of 18720, 18750. 2.) If price breaks down and sustains below 18550 ( Neckline of Head & Shoulders pattern ) then will short for target of 18502, 18460. No trades if gaps and if there is no clear movement or there are overlapping candles.
NSE:NIFTY
by TradeInsights
The Bears Can Smell The MenstruationExpected Path (solid black): - Drop to 396-401 by May 5th (this would mean a very bearish upcoming week - has the setup if SPY stays under 418, I'm seeing gap down next Monday and then sell off) - Then bounce to test 408-412 by May 12th; if rejected under 412 then it will continue back down to 388-393 range by end of May Most Bearish path - solid pink (head and shoulders break down, seeing distribution recently at the 410-415 levels): - Drop to 385-388 by May 12th - I'm in puts obviously because this is possible More Likely Bearish path (dashed red) - Drop to 398 - 402 by May 19th - If 400 holds as support I'll become bullish Alt Path - Bullish (dashed green) - Run to 418-423 by May 11th, then pullback to test 414-416 for support - If that were to play out then a break back above 423 could send it to 430 (in which case the bears would Still be able to smell the menstruation and it would get wrekd) In summary, breakdown level is 401.48; breakout level is 422.99 I'm expecting SPY to be trading near 406 in July, but until then there will be tradable swings in the 380-430 range. Regaurds ~ Brick.
AMEX:SPYShort
by JerryManders
16