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Head and Shoulders

NIFTY BROKE DOWN FROM [HEAD AND SHOULDER] PATTERN - (SELL) TECHNICAL INDICATORS - HEAD AND SHOULDER PATTERN : Nifty had broken down from a head and shoulder pattern on 22nd october with a large red candlestick confirmation MACD : MACD had shown proper bearish crossover on 1st october and macd line had stayed below signal line since then continuously confirming bearish momentum TARGET : till 23350 if the momentum continues FUNDAMENTAL INDICATORS - concerns among investors regarding upcoming maharashtra elections is causing market sell-off as its a major economic state in india and could see policy shifts after new government comes in power which may affect sectors closely tied to government decisions
NSE:NIFTYShort
by peace_lover
Alikze »» FTM | Wave 3 or C super cycle scenario - 2D🔍 Technical analysis: Wave 3 or C super cycle scenario - 2D - In the analysis presented in the previous post in the weekly time frame, it was mentioned: it is suspicious of a head and shoulders pattern. - So far, according to the previous analysis, the first target (supply zone) has been touched and it is currently above the target zone. - In the analysis presented in the 4-hour time frame, it had a zigzag pattern, which is in wave one of three. - In the daily time frame, it is located in an ascending channel, the previous corrective wave was able to form a reversal pattern in the range of 0.23 fibo. - Therefore, I expect that it will face demand in the Buyer Zone and continue its growth with the failure of the middle of the channel up to the ceiling of the ascending channel. In addition, after breaking the ascending channel, it will have the ability to reach the red box area (supply area). So this bullish wave is wave 3 or big C, which will have the ability to grow up to the indicated ranges. 💎 Alternative scenario: If the Buyer Zone is broken and stabilizes below it, it can touch the 0.23 Fibo range again. »»»«««»»»«««»»»««« Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support. Best Regards,❤️ Alikze. »»»«««»»»«««»»»««« OKX:FTMUSDT
Long
by alikze
4
BLOCK INC $SQ #SQ Inverse head and shoulders could see $200In the fast-paced trading scene, the inverse head-and-shoulders pattern is a key sign for spotting bullish reversals. This pattern features three distinct dips: a lower "head" nestled between two higher "shoulders." When the price breaks above the "neckline," it hints at a possible change from a downtrend to an uptrend. Traders usually jump in at this breakout point, placing stop-loss orders just below the right shoulder. They also rely on technical indicators like moving averages, the Relative Strength Index (RSI), and the Moving Average Convergence Divergence (MACD) for extra confirmation, creating a well-rounded strategy to seize these trading chances. Key Takeaways The inverse head and shoulders pattern is just the upside-down version of the regular head and shoulders. It can help forecast reversals during downtrends. Once this pattern is complete, it indicates a bull market ahead. Investors often take a long position when the price surpasses the neckline resistance.
NYSE:SQLong
by BallaJi
General Electric Co | Chart & Forecast SummaryKey Indicators on Trade Set Up in General 1. Push Set Up 2. Range Set up 3. Break & Retest Set Up # General Electric Co (Extended Hours) - Inverted Head & Shoulders | Failed Target - Trend Line 123&4 - Wave A | ABC Impulsive Wave Trend - Retracement 0.618 - HH & HL's Active Sessions on Relevant Range & Elemented Probabilities; London(Upwards) - NYC(Downwards) Conclusion | Trade Plan Execution & Risk Management on Demand; Overall Consensus | Buy
CAPITALCOM:GELong
by TradePolitics
Gold XAUUSD How Long This Correction Will Continue! Read CaptionOANDA:XAUUSD forms a retreat and tests 2577 following a fake breakdown of 2546. After such a severe fall, it is a very reasonable response. The dollar is growing more quickly, and the fundamental context is still negative. China's ambiguous economic figures heightened economic worries. Powell stated that there is no need to lower interest rates right now because the economy is still expanding, the job market is strong, and inflation is still above the 2% target, but this uncertainty regarding future rate reduction by the US Federal Reserve is still weighing on the markets. Now, everyone's eyes are on the crucial retail sales data. Technically, it is important to watch the resistance at 2589 and the 0.5-0.7 fibo. Below these areas, a false breakdown and consolidation could lead to a collapse. Resistance levels: 2578, 2592, 2604. Support levels: 2543, 2532, 2504 Key : 2565 OANDA:XAUUSD Gold is currently indicating that the pullback up might be a little drawn out. Before the news, MM will probably aim for liquidity (above these levels). Bears may become active in response to a false breakout, which would only boost sales. However, the likelihood of a breakdown and decline will rise if there is a bounce from 0.5 fibo and a smooth recovery to 2546.
FX:XAUUSDShort
by GoldMasterTrades