EURAUD is going down hardSell everything and your kitchen sink lol. A head and shoulders, and a triple top at the 800ema resistance, if this doesn't go down, then I don't know lol
Head_and_shoulder
📉📈 ZigZag IndicatorZigZag's primary goal is to focus on significant swings and trends by removing insignificant and misleading price changes.
ZigZag connects the price's highest and lowest points using straight lines while ignoring minor swings.
ZigZag just aims to make sense of the market's previous movements; it makes no attempt to predict the price of an item.
It is only based on hindsight and is not predictive in any way. It is based on the past prices of securities and cannot forecast the next swing highs and swing lows.
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It eliminates market noise and displays the most significant price fluctuations.
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The last stretch of the indicator (the one that involves the current price) may be redrawn.
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CABLE DOWNTREND REVERSALAfter the ceasefire in Ukraine, many traders are cautiously optimistic as the markets may be turning around. The appearance of an inverse head and shoulders pattern hints at a possible reversal in the downward trend since the Ukraine invasion. This could be a sign of a positive shift in the markets and could potentially open up some great investment opportunities. Traders should be sure to watch the markets closely for any potential opportunities that arise in the coming weeks.
The appearance of bullish flag pattern in the right shoulder might also indicate a continuation of recent uptrend.
The price is currently in a strong weekly resistance zone. This resistance also matches with 0.5 level of weekly Fibonacci retracement and also the neckline of the inverse head and shoulder pattern. I am highly awaiting the break of this resistance, which is a big big opportunity.
Addition confirmations
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The cables most negatively correlated EURGBP pair is also in its weekly resistance zone. This pair is in the process of making a double top chart pattern in 4H TF. This could indicate a rejection from the resistance zone and if that happens, the price will face down as the GU faces the opposite.
EURAUD a SellOn the 1hr chart, EURAUD has given 3 patterns in 1. An overall double top at the 800ema resistance, with the first leg being a head and shoulders formation, and the second leg is a double top. Both at 800ema resistance. If you flip over to the 4hr chart you will see a perfect double top at resistance. Thank me later
SPX: Butterfly, Bearish An example of Renko and Ratios...is it predictive?
It is also an Ascending Head and Shoulders Pattern forming.
US30, sell?Theres seems to be a head and shoulders forming on the 15 and 30min tf. Ive closed my buys from yesterday, looking to sell a bit down. Lets see how current 30min closes.
Also market is very over bought, so we could see a nice retrace
USDJPYAs a student of SMC trading, I've spotted a text book H&S on USDJPY pair on the Daily timeframe, before that market had already formed a divergence. It might be a change of trend for USDJPY
Do drop your thoughts down below, based on USDJPY
TSLA ready to bounce fastTSLA is probably one of the most famous bubbles that we had in this last bull market. Yes, it's probably one of the future car companies and more, but it was extremely overpriced.
Few months ago the algorithm showed a marvelous Head and shoulders pattern which usually predicts the end of a trend.
This october we had a confirmation of the break of this pattern and then we projected the price objective (black).
The price objective for a head and shoulders pattern is calculated by taking the distance between the head and the neckline (in the case of a top) or the shoulder line (in the case of a bottom) and projecting it downward (in the case of a top) or upward (in the case of a bottom) from the point where the neckline or shoulder line is finally broken. This distance is then added to (in the case of a bottom) or subtracted from (in the case of a top) the breakout point to give the price objective.
Consequently, the price objective for this pattern is between the range of 100-110$ where we also see previous volume and support and resitance levels in the 108$ zone. This worked fine and seems that it started bouncing. We should see the price rallying to 150 or even a bit more if the bounce is hard enough.
Anyway, if the price is back to the 100-110$ range seems a nice moment to buy with low risk and a potential fast return. Take care, this is not yet a bullish reversal for the long term trend, so we could see lower prices in the future but seems a great moment to take advantage of this pattern.
EURUSD - HEAD AND SHOULDERS (SHORT)Looking for this H&S pattern to play out for a good short trade. Might get another push up, could even break upwards temporarily for a fakeout (hopefully stops are high enough)
Long idea on TSLAAs we said in our previous anlysis the 100$ zone was the target of the big Head and shoulders pattern. In the intraday we've seen a V shape end which usually means a trend reversal is unfolding. Once the first black line is broken we would have a confirmation of a new short term bullish trend.
So buying over the black line give a great risk reward ratio.
Let's see if the V shaped end is at the end a head of a major head and shoulders pattern which could be even more important to confirm the trend change in the short term.
Good luck
USD/JPY IS WEAKER ON CHART !OANDA:USDJPY
usd/jpy forming a head and shoulder in daily chart which is reversal pattern going for bearish side.
Rules to enter the trade do not trade if you don't follow the rule before entering.
buy if price touch the neckline and take a support.
keep a proper stop loss and target will be the neck line marked on the chart.
if price not come to its neck line then its okay wait for the price to touch shoulder level
enter the sell side if u see a rejection from the shoulder level with a proper stoploss.
first target will be the neckline marked on the chart and the second target will be second line market around 126
Book profits on the target mentioned and if u have experiance in trading trail your stop loss and get the big wins.
That is all for USD/JPY. all the best to all of you have a profitable week.
KHC: WARREN BUFFET'S HOLDING BREAKOUTKHC (Kraft Heinz):
I like the risk vs reward on the daily chart as it broke the neckline of an inverted head and shoulders and has just come to retest the breakout spot.
Good enough for a long swing trade for me. Target of the inverted head and shoulders is in the 45 zone.
If you look at the weekly chart, you'll see a nice rectangle range between 32.65 and 44.65.
We're now in the middle of that range so if the inverted head and shoulders plays out we could reach the top of the rectangle.
Stop at 38.2.
Trade safe!
Head and shoulderThe monetary system is about to collapse. You cannot extort money out of recessions. You can't just breathe out, you have to breathe in too. You can try, and then you will find that in the end you just have to take a breath so as not to die.
We have so far seen a fall of around 35% from the peak. I expect a drop of at least 66%. So my goal for this year and maybe a little into next is down to 5873.
EURNZD, Possible Head and Shoulders BottomTen weeks-long head and shoulders bottom was formed on the EURNZD chart. In this case, it would act as a continuation pattern. A daily close above the descending necklace would confirm the pattern. The possible price target for the head and shoulders bottom stands at 1.74.
USDCAD THE MIND BLOWING PATTERN USDCAD formed on the 13th Oct 22 a
H&S pattern.
The price never hit targets and either the stop supposed to be on the right shoulder.
Currently the price is trading a Dragon or for me the same an ABC Bearish.
The price also formed a Gartley on the hourly chart where sorts were taken on the 3rd Jan.
This Chart shows a good example of patience and dedication, also trading now for 10 years i don't forget the frase: ( look left structures leves clue).
Early entry in small cap health services, $MEDPSince late 2021 NASDAQ:MEDP is being forming a head & shoulders base with pivot buy above $230.
This is the beahvior of a potential leader. It shows when comparing it against the AMEX:IWO as is still in a downtrend.
The play for me would be to buy 1/2 or 1/3 of a position just above yesterday's high with a STOP-LOSS below $196. And then add at the $230 pivot.
Medpace Holdings is ranked #1 in its industry by IBD. I recomend to also check NYSE:VPG which is also setting up.
Its being hard for small caps to get demand as the indices are still in downtrends making the sentiment stay bearish.
But as JC Parets always likes to remember, "is a market of stocks, not a stock market".
AUDUSD Head & Shoulders warAUDUSD making some jokes huh? I see your inverse Head and Shoulders, now i raise you a Head and Shoulders haha. On a serious note we may see a test of the neckline on the inverse head and shoulders
A perfect head and shoulders in TDOur algorithm has shown an unfolding Head and shoulders pattern in TD. We still need to see how it ends, but be aware because buying at 63$ could be a very profitable investment if the HnS finally breaks the upper resistance.
As simple as this. Enjoy trading.
EURUSDHi traders, EURUSD watch price action with your own according strategy and look for a short position opportunity GOOD LUCK.
Asian Paints Head & Shoulder patternHead & shoulder pattern on Day chart of Asian Paints.
Also faced resistance of 200 ema (blue)
If stock breaks support of 3000 then candidate of short trades.
SL just above 3100. And downside target 2900, 2800.
EURNZD HEAD AND SHOULDER IN PLAYMacro view perspective of this pair has bullish sentiment to it, the namable pattern in play mean while as we dive below monthly chart we found a key support zone 1.64000 of which is a base support zone which initiate a reversal of the prevailing bearish sentiment within daily channel to the down site.
currently we do have the 4h chart bullish flag of which is about to break out to the upside, with enough gathered momentum we anticipate a trade setup signal from this pattern with expectation of reaching a target goal of about 3%.
