Head_and_shoulder
ADA Head & Shoulder PatternHello Guys, Hope you are doing fine.
ADA is making a bearish head and shoulder pattern
We wait for the break-down of the neck-line with high volume for aggressive entry or if with low volume then a conservative entry on retest of the neck-line.
If you like the idea then don't forget to hit the like button and follow for more easy trading setups.
Post your comments below.
Thanks
Watch very closePrice is sitting on an important area of support. I'll wait for a clear break down before load myself with puts. The other option is to wait for a push back of the support area and then short before it tries again to break it. I'll keep you posted.
Potential buy on the QML levelQML, we have a left shoulder(low), a head(lower low) and a support line(which just got broken), and I think we might have a right shoulder which will create our potential buy zone a the QML(left shoulder level). Stop loss will be below the head(lower low). If we have a candle that closes below that we are out, and take profit we will be targeting out the supply zone or where the imbalance starts.
📊How To Trade: H&S Pattern📍How to Identify and Use the Head and Shoulders Pattern
The head and shoulders pattern is characterized by key features to look out for on trading charts. It typically occurs after a bullish uptrend when buying pressure begins to fade. The pattern includes a left shoulder, a higher middle peak, and a right shoulder approximately at the same level as the left shoulder. Additionally, the pattern should have a distinct neckline acting as a support level.
✔️To successfully identify and trade the head and shoulders pattern, consider the following step-by-step approach:
🔹 Look for three distinct tops , namely the left shoulder, head, and right shoulder, which occur after an uptrend.
🔹 Identify the neckline support level , which connects the lowest points of the left and right shoulders.
🔹 Wait for a breakout to occur, confirmed by a candle closing below the neckline.
🔹 Once the breakout is confirmed, place a selling order to capitalize on the bearish reversal signaled by the pattern.
🔹 Implement a stop-loss order above the neckline, ideally positioned at the highest level of the right shoulder, to manage risk effectively.
🔹 Consider using a risk-reward ratio to determine a suitable target for taking profits, ensuring the potential reward justifies the risk taken.
Lets consider the following example below as a step by step to identify the pattern. This is what it would look like in a real scenario:
Step 1: Price is moving on an uptrend and starting to form the head and shoulder peaks
Step 2: We can identify the neckline which we can observe price react as a temporary support which connects the lower peaks. We need to wait for a clear breakout in order to find an entry
insert s2.png image here
Step 3: Price broke below the neckline and re-tested the neckline so we enter a short position on the re-test with taking profit target the length of the head to neckline
insert s3.png image here
Step 4: We can see the pattern was correct and it hit our targets
insert s4.png here
👤 @QuantVue
📅 Daily Ideas about market update, psychology & indicators
❤️ If you appreciate our work, please like, comment and follow ❤️
BTC 0 or hero? 📈 Chart Analysis:
falling wedge: Top tip wait for breakout and retest of the AVWAP before taking a long, however we did get an engulfing candle on the reaction from the 150ema so i have gone long already trying to front run patterns is not the best thing to do so be cautious if you are to do the same!
We got the retest of the Head and Shoulders resistance in prep for the latest sec vs binance news which took us to out first target 150EMA: top tip play any SHORTS super carefully here as the reaction from the 150 was extremely bullish but know we could still see out lower avwap target currently at the 18k area 😉
additional info!
Currently in a Stage 3: where we look for Bullish continuation patterns (falling wedge) and/or topping patterns Head and shoulders
OBV still in a stage 1 and looking weak!
🔔 Risk Management:
Adjust your position size based on your risk tolerance and use proper risk management strategies, such as trailing stop losses, to lock in profits as the price moves in your favor.
⚠️ Disclaimer:
This analysis is for educational purposes only and should not be taken as financial advice. Always conduct your own research and consult with a financial advisor before making any trading decisions.
GBPNZD INV.HEAD & SHOULDERS GBPNZD is trading in head and shoulders pattern on its hourly chart.
The price is approaching the neckline breakout Neckline Breakout: 2.04914.
ST: 2.04519.
Targets:
62%: 2.05761
79%: 2.05949
127%: 2.06499
162%: 2.06890
GBPUSD as Head and Shoulders Pattern Emerges 📢Pair Name: GBP/USD
Time Frame: 1hrs Chart
Direction: short
Comment:
📊 Currently, a distinctive chart pattern known as a "head and shoulders" has emerged within a rising channel, indicating a potential shift in market dynamics.
💱 Upon closer examination, I perceive the head of this formation to be a mere retracement, hovering around the 1.2450 mark, within the borders of the rising trend line. Consequently, I anticipate a continuation of the downward trend.
📈 Once the rising trend line (represented by the blue tunnel) is breached, it's highly likely that we will witness a significant drop towards the 1.2200 level. At this point, we encounter a support level, which could prompt the market to pause and contemplate its next move.
------------------------------------------------------------------------------------------------------------------------------------------------
Remember, this contribution serves as an informative analysis and should not be construed as financial advice. Stay informed, stay connected, and happy investing! 🌟📈
------------------------------------------------------------------------------------------------------------------------------------------------
💼💰❤️ Trade like a pro, laugh all the way to the bank! Like and subscribe for more money-making !" 💼💰❤️
Renegen lower ?So much hipe in this stock during 2022, and for good reason with its helium and natural gas story.
However, this is a high risk stock as it is still in its baby shoes.
Technical sentiment indicates that we might see #Renegen price even lower.
The downtrend in #Renegen share price is now trading on the right shoulder neckline of the head & shoulders pattern it has formed, with a potential price target of R10.90.
Tailwind for even lower prices is the broad negative sentiment in the markets due to macros and SA specific issues such as loadshedding.
Oil Higher from here?On Sunday OPEC+ announced:
The 3.6mil bpd production cuts, will extend into 2024.
Saudi's will cut an additional 1mil bpd from July 2023.
The #oil #price opened higher on Sunday evening futures open.
It now looks like we have an inverse head & shoulders on the price of oil, taking the price into the mid and upper $70s. This may pave the way for oil being in the $80s sonner than later.
This will place pressure on the Fed as it will lead to even more inflation.
Headwinds however is still the lomming recession in US, EU as well as the weaker Chinese markets.
Gold mid 1800sLooks like high probability that we sill see #gold in the mid 1800s again shortly based on technicals.
Fundamentally we have sticky inflation and a strong jobs market in US, which lends to another rate hike, thus recessionary trade taking a backseat for the short term.
Still alive but...This is very risky, I bought puts strike 174 expire 06/16. I'm giving it a month, my idea is that the HS is going to to play out eventually but it may take some time. If it works, price will drop very fast.
Bitcoin Head & Shoulders Still in Play!CME:BTC1!
CRYPTOCAP:BTC is still in the head and shoulders.
My original idea was posted on this link: tinyurl.com and can be referred to.
Price Action is printing a downward channel providing ideas for a possible retest at the 25.2k zone.
But the price action stays in the pattern until break of structure.
Plan A: Short to 24k and possibly 21k ... (you could possibly get higher entries if the price is going sideways).
Plan B: Long on successful retest with first target to 31k and on successful SR Flip to 45/48k!!
Step by step - let the price come to you at an area of value and enter on trigger.
Always having Plan A and Plan B scenarios so we can react once the markets provide an opportunity to execute our edge.
If you liked this idea or if you have your own opinion about it, write in the comments.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations.
Black swan event or pump? $BTC update!📈 Chart Analysis:
Potential falling wedge: Top tip wait for breakout and retest of the AVWAP before taking a long
Are we retesting the Head and Shoulders resistance in prep for a "Black Swan" event that will take us to our low target?: top tip for an early SHORT position you could take the short now and place a stop above the highest high of this retest OR on the falling wedge break out area ;)
additional info!
Currently in a Stage 3: where we look for Bullish continuation patterns (falling wedge) and/or topping patterns Head and shoulders
OBV still in a stage 1 and looking weak!
🔔 Risk Management:
Adjust your position size based on your risk tolerance and use proper risk management strategies, such as trailing stop losses, to lock in profits as the price moves in your favor.
⚠️ Disclaimer:
This analysis is for educational purposes only and should not be taken as financial advice. Always conduct your own research and consult with a financial advisor before making any trading decisions.
📉XAUUSD bullish scenario📈Gold analytical series, Episode 11
Hello Traders, Gold can create a bullish view by starting an upward movement.
Optimum stop-loss for long positions: Under 1954$
Long targets for xauusd: 1962, 1964.5
Don't forget to risk-free your positions.
Please share ideas and leave a comment,
Let me know what's your idea.
CrazyS✌
Head & Shoulders in Crude OilCrude oil futures (CL) is exhibiting head and shoulders bottom formation on the 4h chart. The price has broken out of the neckline.
It is best to wait for a retracement followed by continuation before initiating long positions. Measured move target: $78.20.
AUDCHF - NEW BEARISH MOVE📉Hello Traders👋🏻
The AUDCHF Price Reached a Resistance Level and Resistance Line (Resistance Cluster) ✔
The Price Failed To Create New Higher High📈
Currently, AUDCHF Formed a Head and Shoulders Pattern ✔
The Neckline is Broken 🔥
If Price Stays Under The Key Zone, AUDCHF Can Continue The Bearish Move 📉
-----
TARGET 1: 0.59582🎯
TARGET 2: 0.59020🎯
___________
if you agreed with this IDEA, please leave a LIKE, SUBSCRIBE or COMMENT!
NVDA - Setting up for all time high?I was pointed to this inverted head and shoulders last night and it's almost too perfect. You can look at the structure and the neckline (slightly declining) and it's perfect.
Well, we just kinda broke out yesterday. Chances are you can get a better entry from here if this is what you want to play. It may (and probably will) chop back under this important trendline. Your stop loss really is around $143 but the target is going to be around $336. Good upside potential if you can wait a while.
This formation has been in the making since April 2022. 9 months of chop and now we might get that move up.
The wave master pro indicator is currently showing signs of exhaustion so you may want to wait for some pullback to get a good entry. Will need patience on this one.
📈BTCUSDT 15min Head&Shoulder📉BINANCE:BTCUSDT
COINBASE:BTCUSD
Hey everyone, first take a look at my previous BTCUSDT & XAUUSD analysis and positions.
Bitcoin may experience growth to near 27K.
The trend is still bearish and the price takes another step for further correction with each rise.🐱👤
Don't forget to risk-free your position.
Please share ideas and leave a comment
let me know what's your idea.
CrazyS✌
Bullish bias on the GBPUSDHead and shoulder pattern spotted, Price probably has 80% chance on bouncing of the support and continue to the upside
BABA H&S playing out good so far. BABA H&S playing out well so far.
I will probably be entering more here.
Another catalyst just arrived with Micheal Burry holding over 10% of his portfolio in BABA stocks to hedge the economic situation.
Definitely a good long-term hold here.
Especially if you add onto it the restructuring BABA is going through which experts have predicted will increase stock price from anywhere between 13 - 36% just off that.
I like it.
Thoughts?
Bitcoin ($BTC): Chart Patterns in Mid Term...Hi everyone!
The Daily Chart should speak clearly, so we have two potentially interesting patterns that we could follow in the coming weeks.
From a technical point of view, we are talking about a "Head & Shoulders" and an "Inverted Head & Shoulders" .
The levels shown on chart are approximate, what I am interested in sharing with you is the potential swing that Bitcoin should form in the Mid Term (Log Scale).
Trade with care! 👍 ...and if you think that my analysis is useful, please..."Like, Share and Comment" ...thank you! 💖
Cheers!
N.B.: Updates will follow below
CHEMFAB ALKALIS - BREAKOUT HELLO FRIENDS,
Here I am sharing CHEMFAB ALKALIS which recently have given breakout of Flag and Pole chart pattern and also forming Head and Shoulder pattern
it has given breakout of flag n pole pattern with intensity of volume and the indicator that supports to take trade which are MACD and RSI are also in favor.
Flag N Pole breakout
The price is also trading above the significant EMAs i.e. 50-100-200
Macd in Daily time frame
Macd in Weekly time frame
RSI at the breakout candle is positive uptick and is also above 60 which shows strenght
Disclaimer
I am not SEBI registered analyst.
All my studies are for educational purposes.
I am not Responsible for any kind of your profits and losses.
