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Head and Shoulders

IONEXCHANGE NSE FLAG&POLE BO WTF SWING/POSITIONALIONEXCHANGE STOCK Analysis TRADE PLAN (DTF Close Price for SWING) ENTRY -687 25 to 50% Qty, Add 50% qty 710 DTF Close SL -605 TARGET -SWING 768, 01-991 Hold For a 1-2 Year or TGT 01 Chart Pattern : STOCK was in a BEARISH SUBTREND for 8M touching the previous ATH of 687, with 1Month Streak to Touch an new ATH of 768, after retracing and BO of the 8M RBC its showing signs of Recovery forming a Bullish Flag Pattern from in 50-61% FIBO Level . INDICATORS EMA : The Price is Currently Trading above 50EMA, and 20EMM below 50EMA in DTF. STOCK EMAs are currently in Transitional stage of alignment, indicating early start of a bullish reversal Trend on DTF/WTF. FIBO/E : Currently the price has recovered above 61.8 to 50% FIBO support Level, Early Entry can be take as per your risk ability. Safe Investors Enter above 686 with 25% Qty and Add progressively after a retracement. Volumes: There is a uptrend in Volume on the Weekly Charts since June and above the 20VMA. Keep in your Priority Watch List Disclaimer: For Education/Reference Purpose Only, Trade at your Own Risk with correct position sizing and SL based on your Risk appetite (Exit when price closes 7to8% below your Entry).and re enter when trend reverses in the direction of your POV... Trail Your SL progressively. Learn/Know and Review the Stock trading Technical Terminology. Check Verify the Financial fundamentals of the Stock and Seek Advice from a Certified Financial Advisor prior to Investing. Prefer Entry with 25% quantity, Add in Tranches of 25%-50% as prices moves upwards recommended. MTFA- Multiple Time Frame Analysis DTF -Daily Time Frame WTF-Weekly Time Frame MTF- Monthly Time Frame ATH-All Time High LTH -LifeTime High RBC&H-Rounding Bottom Cup/Handle BO- Breakout Close EMA -Exponential Moving Average FIBO R/E -Trend based Fibonacci Retracement/Extension SL Stop Loss TBD- To be Decided CHoCH- Change of Character Bullish/Bearish MSB/BOS -Break Out Structure FVG Fair Value Gap 20VMA -20Volume Moving Average SWING/POSITIONAL Trade
NSE:IONEXCHANGLong
by billpramod
EUR/JPY 170 Level for shortIn the coming months, I believe that every XXX/JPY pair will probably remain in a prolonged downtrend that will be combined with recession fears for the US and EU. The euro is not at its strongest position currently, and the market knows that continuous war outbreaks and conflicts (Ukraine-Russia, Iran-Israel, China-Taiwan) will only add more pressure and volatility to an overvalued currency of a block that is dependent deeply on foreign countries regarding its trade flows and energy demands. Thus, I believe an imminent devaluation of the euro will be unavoidable in 2025. The yen will benefit from the current financial conditions with volatility staying elevated in the equity and currency markets.
Short
by Panos22
NZDCHF: Possible Head & Shoulders Pattern Forming?NZDCHF is approaching a key support level. If this support holds, there’s a chance we could see a head and shoulders pattern take shape. It’s still early, so I’ll be watching closely for how price reacts at this level. If the pattern completes, it could present a solid opportunity for a sell setup. Patience is key—let’s wait for the confirmation! What’s your view? Do you think we’ll see the pattern form? Share your thoughts below!
by KinkiHuang
1
Amazon (AMZN) - Potential H&S Reversal, Watch for BreakdownOverview: Amazon (NASDAQ: AMZN) appears to be forming a Head and Shoulders pattern, which is often a bearish reversal indicator. The left shoulder, head, and right shoulder are clearly defined, with the neckline situated near the $180-$176 zone. If the price breaks below this area, it could signal a larger move downward. Technical Setup: Pattern: Head and Shoulders Neckline Support: ~$180 - $176 (critical support area) Trendline: Red ascending trendline, currently serving as additional support Target Zone: Potential drop toward $168 or lower if the pattern confirms Price Action: The recent pullback from the right shoulder aligns with the overall pattern, and a daily close below $176 could confirm the reversal. Watch for a bounce off the neckline for a potential short-term trade; otherwise, a breakdown could lead to a deeper correction. Risk Management: A sustained move above the right shoulder (~$190) would invalidate the bearish setup and suggest a continuation of the uptrend. Catalysts: Upcoming earnings and market sentiment around consumer spending could influence the stock’s direction, potentially acting as a catalyst for the breakdown or reversal.
NASDAQ:AMZNShort
by Killahherb
1
GOOG: Top Signal Below Critical Resistance Line!Key Observations: Inverted Head and Shoulders Pattern: The chart recently completed an inverted head and shoulders pattern, which is a bullish reversal signal. This breakout above the neckline (around $170.41) confirms the bullish sentiment. Gap Resistance: There is a notable gap resistance around $183.33. Gaps often act as strong resistance levels, and the price exploded after the last earnings report, just to close its previous gap (with an incredible technical precision, by the way). Top Signal Below Gap Resistance: The recent price action has shown a possible "top signal" just below the gap resistance level at $183.33. This could indicate exhaustion in the current bullish momentum and a potential area where sellers may become more active. What's more, according to Bulkowski's studies, a pullback after the breakout of the neckline of an iH&S occurs 65% of the time (Encyclopedia of Chart Patern). If GOOG is about to makes a sharper coreection, the timing couldn't be better. 21-day EMA: The 21-day EMA (blue line) is trending upwards and has provided strong support throughout this uptrend. As long as the price stays above this moving average, the overall trend remains bullish. Conclusion: GOOG is materializing a mid-term pullback, as observed on the daily chartt, which is statistically plausible. The 21-day EMA, along with the neckline at $170 are our next technical support levels. For now, there is no technical evidence suggesting that GOOG will reject the idea of a correction. For more detailed technical analyses and insights like this, be sure to follow my account. Your support helps me continue providing valuable content to help you make informed trading decisions. Remember, real trading is reactive, not predictive, so let's stay focused on the key points described above and only trade when there is confirmation. “To anticipate the market is to gamble. To be patient and react only when the market gives the signal is to speculate.” — Jesse Lauriston Livermore All the best, Nathan.
NASDAQ:GOOG
by Nathan_The_Finance_Hydra