WATCH $PHMBearish
Price lost momentum
Double top
Head and shoulders
Retesting key level S/R
Lowers heads / lower lows
“Success is the sum of small efforts, repeated day in and day out.”
Headandshouldersformation
GOLD - Daily head and shoulders reversal?! IDEAHey guys just thought id share a possible situation on gold! I'm looking to see if we can create a right shoulder move for a nice push to the upside off and around $1680. Price can either push further down to continue long term down trend or we may see a rejection to create a long term reversal pattern. This is one of my favourite patterns so I've decided to add an example of this pattern to try help you understand the structure. This pattern can be used in multi time frames from the weekly all the way down to 15 min, the higher the time frame the more respect price seems to have! For confirmation I work off candle formations from the key levels!
I love to hear feedback to be sure to let me know your thoughts or questions in the comments.
Bearish head and shoulder In Indigo 🎨 A very good bearish head&shoulder made in the 1 day chart of Indigo paints soo its a tym to short it or not buy it .
Sell Indigo paints below 1479
Target 1444 1395 1365 1350
Sl 1550
AMC downtrend H&S?Odd place for a H&S, but as far as the structure of the pattern its pretty textbook with a retest. The position of it is a little unusual to me.
Let me know what you think, and if you've ran into a H&S positioned this way.
TBNI: BANKS INDEXHead & Shoulder Pattern formation
Retesting Neck Line
Opportunity to buy at discounted price for Long will be at H&S Target
LINKUSDT Monthly Inside Bar ZoneLINKUSDT price action is now returning to the Monthly Inside Bar Zone after rejection from neckline of the Head and Shoulders Top. I'm expecting a swing downward to fill the gap below the weekly volume POC by least at Monthly Inside Bar open level. This level seems to be a psychologic key level for traders that waiting for long positions opportunities. I'm considering, if price reaches this zone at the time of the US Market open, a strong pullback can occurs. Then a 2nd touch to superior trendline will be expected. Due to the bearish tendence of US market, specially after S&P500 made a lower low invalidating a possible double bottom, more lows can be expected. LINKUSDT will remains bearish below weekly volume POC @ USDT 7.00 zone when entering in a daily bearish momentum with a weekly candlestick bearish close. 2 weekly candles downward can be form a right shoulder on 1W chart due to a Butterfly as showed on comments below. Then a potential breakout from this monthly Inside Bar will be the frontier for bears to project new bearish impulsive wave.
Oscillator:
Fisher Transform H4 and 1D timeframes
FTSE UK equity market large top formation#FTSE large top formation.
Very important
Support 6,850.
4 lower lows.
ABNB: Inverse head and shoulders on close watchABNB
What a beautiful and clean inverse head and shoulders on ABNB.
Technically we just broke the neckline (dotted line), if we close above it today, the pattern will be confirmed with a target between $153 and $161.
This one is a bit tricky though as there are some resistances ahead:
-The horizontal resistance at 130
-The down trend line connecting all the previous highs since November.
A positive note is that the stock has not followed the overall market the last few days. Could ABNB be benefiting from rent inflation? Possibly.
I will long the stock above $130. First target will be $147.
Keep it on your watch list.
Trade safe.
LINKUSDT Potential Head and Shoulders TopPotential Head and Shoulders Top 3D scalp trading
LINKUSDT is initiating a bearish momentum on 4H chart. The price action tested the trendline w/ weak volume. Expecting a neckline validation for a turn-point to scalp the probable right shoulder of this bearish pattern. Then I traced horizontal lines to look for the potential pivot price levels. Oscillator Fisher Transform on 1H showing that the actual leg down from peak of the head is finishing and we can expecting a strong retrace close to 78% to the level of the previous left shoulder. A 2nd pullback can occurs to retest the trendline w/ a healthy 30% retrace which is a key level to open a short position.
Huntsman (HUN) - Head and Shoulders?Possible Head and Shoulders pattern with Neckline @ $24. A break would give readable targets @~ $14ish. This also coincides with trend channel.
ESTE - HEAD AND SHOULDERS - SHORTEarthstone Energy inc. stock is forming in a head and shoulders pattern signalling a short trade opportunity provided that the shape forms. Where, upon a break from the neckline (green line) accompanied with a surge in volume. Price of stock will fall in accordance with the arrow in the chart. The stop loss and take profit levels are shown in the chart. The target would be at the previous support level (white line)
head and shoulder pattern before fomcthe head and shoulders formation occurs when a market trend is in the process of reversal either from a bullish or bearish trend
It is a specific chart formation that predicts a bullish-to-bearish trend reversal. The pattern appears as a baseline with three peaks, where the outside two are close in height, and the middle is highest.
white trend line is neck line
LINKUSDT Head and Shoulders TopShort position @ peak of right shoulder from a bearish Head and Shoulders Top formation. TP1 38.2%; TP2 14.6% Fibonacci Retracement levels.
LINKUSDT PULLBACK TO NECKLINEThe price action presents a Butterfly Harmonic in process, in pullback to neckline of the Head and Shoulders formation. This micro consolidation seems to be forming a descending broadening wedge before the potential swing downward to complete the 2nd phase of the CB leg down. 14.6% of Fibonacci retracement target.
Bearish head&shoulder in IEX short it Short IEX bearish head&shoulder has been made in this chart sell it out or short it's future.
Sell IEX at below 150
Target 145 138 128
Sl 155
Short it don't need to buy it
LINKUSDT 2-top, H&S, Butterfly; pullback to necklineLINKUSDT 2-top, H&S, Butterfly; pullback to neckline
After a retrace from the Stocks Market, LINKUSDT presents a perfect price action in bearish confluences after exit of a ascendent broadening bottom. We can see a Head and Shoulders in process now, exactly pull-backing to neckline, in a potential Double Top pattern. The prior swing before this pullback fitted 50% of a potential CD-leg of a Butterfly Harmonic Pattern. We can expect a 2nd downward from the neckline which is the weekly volume point of control (POC), strong resistance. A 1st short-term-target has been applied on an AB=CD projection. The 14.6% Fib level is my key level to put targets. Plus hidden bearish divergences on 1H chart w/ Ehlers Stochastic, Awesome Oscillator and Chaikin Money Flow. Definitely bearish.
MRNAHead and shoulders on Moderna stock. Biden over the weekend stated the pandemic is over based off headline news.. Just a matter of time until the stock is worth about 40-70$.. been waiting on this.
This company was worth decimals before the pandemic lol.
Successful Inverted H&S Pattern Displaying the features of a inverted H&S pattern
The best chance of catching a bull run is on the right arm
Formation of a massive bearish Head and Shoulders pattern on EthTitle says it all.
Since Bitcoin's price didn't hold at demand (check linked chart for reference), the market now has a bearish sentiment.
We most probably would see a slide down further in prices.
APE COIN GOING TO ESTABLISH NEW LOWSimple head an shoulders on the daily with volume decreasing.
I've been watching APE since the token was released and it really looks like it's about to dump again.
If it breaks through the floor of 3.06 there is no telling how far it could drop watch that level.
Full Disclosure: I m completely out of APE and nd waiting for an established bottom.
Not Financial Advice
Crab Harmonic and Head and ShouldersA bearish Crab Harmonic and a Head and Shoulders. These are actuallythe most reliable chart patterns playing out. Some swing traders seriously considering a double top from Alt-Time-High but before this we have an imponent H&S that became valid from the fulfillment of your pullback to the neckline and really more reliable. So, I'm targeting a reliable level at 14.6% of the Fibonacci retracement. As we can see on this daily chart I'm adding a confluent projection from the prior bearish CRAB Harmonic. This extension of Fibonacci ratio is in fact 1.278 wich is the square root of 1.618 from a AB=CD pattern.
AIRBNB - Inverted Head & ShouldersMeasured move IF the inverted head & shoulders does in fact play out...
All going to depends on general market sentiment going forward here otherwise we go visit the lows again
-- MANAGE YOUR RISK - -
Disclaimer: All ideas are my opinion and should not be taken as financial advice.
GME How Much Upside?NYSE:GME
GME has made a recent move; is there any more left?
On the one hour chart with the volume profile overlaid.
the head and shoulders pattern of late May to late June
may be providing resistance as does the POC of the
volume profile in the same price zone.
I conclude that GME has perhaps 15% upside and is
not setting up a parabolic move or anything of the sort.
