Where Does The Future Hold For The S&P500 ?With the consistent hike in interest rates, it really would not be surprising to see the SP500 take a dip after a corrective month of price action. There are 2 classic indications that we may see this turnaround this week on the chart illustrated. 1) Countertrend line break and 2) A possible head and shoulder formation. Let's keep track of this!
Headandshouldersformation
AA weekly bearish head and shouldersOrder SELL AA NYSE Stop 36.21 LMT 36.21 will be automatically canceled at 20230401 01:00:00 EST
AA weekly bearish head and shoulders wave 3 of C correction wave
46$ per BNB? How is that possible?The charts are yes indeed, similar, all exchange tokens have way more downside it seems. I cannot think of a FUD that would make BNB very hard. Anyone?
2X $PFE PUTS SET TO PRINT !????? Possible -10% FALL Pfizer is forming a head and shoulders pattern on the 2HR timeframe it has broken the right shoulder trendline and we will look to enter short and puts and play pfizer stock down to the next key levels!
USDCAD I Structure broken - next moveWelcome back! Let me know your thoughts in the comments!
**USDCAD - Listen to video!
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USD/CAD -8/11/2022-• USD/CAD risks of suffering severe losses if the 1.35 support breaks
• Head and Shoulders bearish pattern in play, with neckline support at 1.35, where bears and bulls are fighting now
• A confirmed and successful break of the mentioned level exposes the pair for a projected target around 1.31 (range between neckline and head)
• Typically, a head and shoulders pattern's right shoulder is found to have lower peak than the left one, a condition fulfilled here
• Trading recommendations:
Sell at current level with stop loss above recent highs or 1.355-1.36 with TP at 1.31 --- Risk reward: 4:1
#TSLA could it be this simple. #TESLA to $100There are a few ways to draw a head and shoulders
Using a Logarithmic scale and target
Linear target scale and target (in this case , would mean a negative value)
Or on a percentage basis
What we have here are the log and % targets lining up for the key level of $100
USDCAD ! It looks like a Head and shoulders pattern, short ideaUSDCAD has been trading in an ascending channel for a long time. I currently see a USDCAD made Head and shoulders pattern on the daily chart, but neckline has not been broken yet. If the neckline breaks, of course it will be confirmed. Therefore, it is too early to see long trades, I think you should open a long trade test 100 EMA..
Nat Gas ShortHead and Shoulders short breakout.
3.3 risk ratio.
Would be nice for humanity if gas prices drop.
More than a trade, a potential economic indicator.
USDCAD November 2022 correction? Indices at the moment are untradable for me so I looked into fx to see what can be expected there.
USD has been rallying for a while, it needs deeper correction at some point. If it happens, it will have plently of room to upside.
Doge will go all the way down to 0.014, which is -90%Top 5 crypto, market cap over 17 billion, with over 80% holders who bought below 0.001.
I lost 7500$ shorting Doge, but I still warn you all. The RSI is also near resistance and forming a triangle pattern.
Doesn't matter if in court documents he states Doge will be used, he probably cannot use it, Doge is not legal tender!
Beautiful H&SThis chart doesn't need any drawings. Take a look and see one of the most beautiful H&S patterns. Next stop imo ~19300
AMZN | Wave Projection | Upcoming Fakeout Head & ShouldersPrice action and chart pattern trading:
> A possible ABC downtrend correction scenario with a upcoming fake breakout head & shoulders formation
> Key dynamic resistance EMA50W and EMA160W
> S Entry @ EMA50W and downtrend upper resistance zone
> TP1 @ 0.786 fibo extension +35%
> TP2 @ 1.0 fibo head & shoulders target +45%
> SL @ B-wave head position -15%
> Risk reward ratio: 2:1 and 3:1
> Indicator: RSI week bullish momentum supporting the uptrend resistance false breakout
Always trade with affordable risk and respect your stoploss, nothing 100%
REVIEW $POOLIt's the ability to believe in the unpredictability of the game at the micro-level and simultaneously believe in the predictability of the game at the macro level that makes the casino and the professional gambler effective and successful at what they do.
REVIEW $C2PUWhat can't go up must come down.
You don't have to be very smart.
You just have to avoid being stupid.
"It's remarkable how much long-term advantage people like us have gotten by trying to be consistently not stupid, instead of trying to be very intelligent." - Charlie Munger
XAUUSD 4hHEAD AND SHOULDER PATTREN ON 4H..
Seems like Bear in Control.
NECKLINE BROKEN ..AND MAKET IT IS AT BREAKOUT AGAIN.
NZDCADBottom blue levels indicate monthly support. Market reached support, also fulfilled Daily Fibonacci "D" extension.
Anticipating market movement towards monthly resistance (after Fibonnaci extension hit market begins new retracement phase).
Monthly = Direction
Daily = High or Low price
1Hour = entry
According to daily timeframe we are at a low price, still forming new Fibonacci "ABC" sequence.
Getting early entry on lower timeframe (1Hr) as market is forming higher highs and lows.
Also notice the head and shoulders pattern formation at monthly support.
Fundamentals in favour of NZD at time of posting this. LOTS of retail sellers in the market as we know most retail traders tend to lose money...
Entry:
11:00AM SA time
SL: 0.77563
TP: 0.78821 (next resistance)
Lot: 0.5
ALPINEUSDT | Wave Projection | Possible Breakout ScenarioPrice action and chart pattern trading
> Now the price reaches the downtrend at 0.786 retracement and T1 Head and shoulders target with a hammer candlestick, followed by a doji.
> The candlestick pattern is consolidating within the downtrend ABC correction and starting to squeeze under the upper resistance.
> A possible breakout scenario for long entry, we could wait for price to retest its low.
> Target SMMA50 and SMMA200
> Stoploss @ the candlestick hammer wick or the price could come down to 2.0 area
> RRR: 2:1
If breakout successfully, the value area of $2.8-3.0 will become the support for the price in the near future.
Always trade with affordable risk and respect your stoploss, nothing is 100%.
USD/CAD Slanted Head & ShouldersUSDCAD has a very bearish H&S forming at resistance. Looking to target a measured move down.
WATCH $CBREBearish
- Inverse head and shoulders
- Inverse cup and handle
- Broke upward trend line
- Price at major S/R level
- Momentum divergence
“Success is the sum of small efforts, repeated day in and day out.”
Up & Down in Natural Gas - H&S As you can see here. I'm awaiting shortterm a further bearish movement. Perhaps touching the 200's SMA. After this I expect a sharp rise in gas going into the seasonal peak time for natural gas.
