Head and shoulders top?#uranium stocks AMEX:URA ETF look like a distribution top, and has now traded for three days below weekly EMA30. Could be the "get out while you still can" moment.
If head and shoulders, measured move is around $24.
#u308
Head and Shoulders
Another short on oil - pure price action oscilationNot much more to describe , pure price-action move based on the sideways movement of the oil price since mid-june. Cannot see yet any significant price-action based signal of trend confirmation either up or down, but it is possible we are seeing the formation of a head and shoulders, as well as lower highs and lower lows as this bulls seems to be fighting the stronger downtrend, pending confirmation. Playing the range for now.
$JASMY Forming A FlagAfter facing a fall from .044 levels we can see a flag setup forming backed up with a strong support level. Looking at the big picture a strong HSH pattern takes it place. Breakout of it would raise the price up back to its .044 level where we are faced with a strong resistance. Rejections might happen at that point but if the buyers hold strong we could see more gains reaching up to .06 levels.
GBPCHF GOing DOwnGBPCHF is a pair that respects analysis and simple market structure. This pair is in an overall sideways market. But in a 4hour and daily is a buying trend so hopefully we could profit from this expected market pattern that it is currently forming.
As we can see that GBPCHF has made or is currently forming a Head & Shoulder and from previous price action this pair might respect the setup and fall.
The price at 1.14590 is a strong support that might be respected but aiming for a bearish movement. The most crucial part is to wait for the market to come to us. If the market crosses the current support in 1.14590 and retest it the we are certainly going for sells.
8 year inverse H&S for Nat WestAfter forming an 8 year inverse Head and Shoulder pattern is this the time Nat West breaks out?
Still needs to get ahead of resistance at 325 though.
DYOR and this is not a solicitation to take a trade.
AUD/USD - Bearish Opportunity with Head and Shoulder PatternThe AUD/USD currency pair has recently exhibited a classic Head and Shoulder pattern, indicating potential bearish momentum. The price has broken below the neckline, which previously served as a strong support and trendline. Currently, the price is testing a key support level, suggesting a possible retracement from this area.
Chart Pattern Analysis:
The Head and Shoulder pattern typically signals a trend reversal, and the recent break below the neckline confirms this bearish sentiment. The neckline break indicates strong selling pressure, and the price action is now testing a critical support level.
Fibonacci Retracement Analysis:
The potential retracement aligns with the 50% to 61.8% Fibonacci retracement levels, providing a confluence of resistance around this area. This enhances the likelihood of a bearish trend continuation, also aligned with the trendline that has turned into a resistance zone.
Trade Setup:
Entry Point: Near 0.67100 (re-test of the trendline and resistance area)
Stop Loss: Near 0.67450 (above the resistance zone to manage risk)
Take Profit Levels:
TP-1: 0.66750
TP-2: 0.66400
TP-3: 0.66050
Conclusion:
Given the technical analysis, the AUD/USD pair presents a potential short-selling opportunity upon a retracement to the resistance zone. The alignment of the trendline, resistance, and Fibonacci levels provides a high-probability trade setup. Traders should consider entering near 0.67100 with a stop loss at 0.67450 and targeting the take-profit levels as specified.
Note: As always, traders should conduct their own analysis and consider market conditions and risk management strategies before entering any trades.
Long trade setup NWC We have head and shoulder pattern formation on $NWC. Expecting a raise of 20% after right shoulder formation and retest.
Savings and Speculation - 22/7 issue22/7 is another way of expressing the Pi, though the International Pi Day is celebrated on 14.3
Tomorrow is the budget day; economic report will come one day before. Markets have no time to look into this.
Chief concerns remain, the speculation, the move of savings to equity, that is eroding the banks deposit ratio in turn raises the cost of funds.
The NIM of some of the banks are near 3% and Union Bank of India Chief clearly mentioned that challenge to keep above the 3% mark.
The cause is the effect, the effect is the cause.
China fades few points on the Prime Rate, that shows unwillingness to take the big stick, markets are not Enthusians'd.
Equity markets give back the gains, dollar keeps the tone steady near the 200 DMA, but it is the rupee which is slowly giving its way.
The smaller time frames swiftly push instead of inverse HnS the HnS pattern, one has to wait and see how it unfolds. This pattern is both continuation as well as reversal pattern.
Not a place where aggressively bearish tones relative to some other sectors, hence the beta can be a tad at par or below in the fall and above if any rise.
Support 52130-51930-51780
Supply 52500-52750-53000
Potential Head and ShoulderWe got resistance, we see potential head and shoulder pattern which may be formed as a result on Biden stepping down from the race.
CKBUSDT Inverse Head and Shoulders PatternCKBUSDT Technical analysis update
CKB price is forming an inverse head and shoulders pattern. The price of the right shoulder is now moving towards the neckline for a potential breakout, 100 and 200 EMA act as good support for the right shoulder. If the breakout occurs, we can expect a strong bullish move in CKB.
Only buy after the neckline breakout.
Stop Loss: $0.0111
Gbpcad short Same bias that I have on gbpusd only that I expect short pressure to be coming in soon
Heads and shoulder formation
Gbpcad short Same bias that I have on gbpusd only that I expect short pressure to be coming in soon
Heads and shoulder formation
Inverse head and sholders Possibly inverse head and sholders as long as price rejects the 160.85 area. if it successfully rejects, i can see it going and testing the 170 price. If fails to find support at 160.85, i can see it going to the 147.20.
Maersk daily pitchfork bottomSo many touches and measured moves fitting in this pitchfork makes me believe it might stay important. Maersk could be hitting the bottom line from the minor pitchfork and the bigger one at the same time, which is in the area of the "flip" zone and right shoulder of a possible inverted SHS. This would end up being a swing down of approximately 3300 DKK and Maersk swing sizes often range from 2700 to 3700 DKK. We have a range (possible accumulation) on the weekly chart with price expansion, so I wouldn't be surprised if it goes lower. If that ends up being the case, I'll go long when price break above the zone again. We might also be "close" to the end of the bearish cycle judging from the last two full cycles on the monthly chart, but that is a rough estimate and it could stay bearish for another couple of years.
I'll properly go in gradually and watch how price/volume evolves in this area. There's some old important lines coming in a bit lower, so I won't be having a fixed stop from the get go. I'd rather go in small and buy more from lower time frame setups. No mather what, I'm pretty keen on building a long term position down here.
LINKUSDT Inverse Head and ShouldersLINKUSDT Technical analysis update
LINK price has been forming a head and shoulders pattern over the past 30 days. Now, the price is moving towards the neckline with high volume for a breakout. If the breakout is confirmed, we can expect a strong move in LINK.
Buy Level: Above $14.70
Stop Loss: 13.30
USDJPY Opportunities for Both Bears and BullsHere’s an exciting update on USDJPY, which has something for both short-sellers and those looking to buy. Let’s dive in!
Current Overview:
- 4-Hourly Chart:
- There’s a sell zone, but the overall movement of USDJPY is on a bullish ride. :chart_with_upwards_trend:
Shorting Opportunity:
- Key Level: 157.69
- What to Do: If you’re looking to short, watch for a Magic Candle Confirmation within the sell zone (red box). The ideal entry would be at 157.69.
Buying Opportunity:
- Key Pattern: Potential Head and Shoulders Formation
- Key Level: 157.69
- What to Do: Like me, if you’re waiting to buy, this is the level to watch. Wait for a Magic Candle Confirmation at 157.69 to enter a long position, betting on a Potential Head and Shoulders Formation.
Final Thoughts:
Whether you’re looking to short or buy, the key is patience and waiting for confirmation. Trading is all about making informed decisions and managing risk effectively.
What’s your plan for USDJPY? Are you in the short camp or the long camp? Share your thoughts and strategies below!
Happy trading, everyone!
SILVER (XAGUSD): Bearish Outlook & Breakout↪️An important dynamic head and shoulders pattern emerged in 📉SILVER on a daily chart.
Following a bearish reaction last week, the market experienced a sharp decline, breaking through both its neckline and a minor horizontal support level.
These two broken structures now make up an expanding supply zone. I plan to consider shorting from this zone, expecting a bearish trend to continue towards the support levels of 28.62 and 28.00, psychological level.👍📉
BTC TO 80K INV H&S 4HTF$BTC/USDT is looking at breaking out of the neckline of the inverse head and shoulders located on the 4H time frame. The measurement of the neckline is 19.03% so I've used this measurement to gauge the potential movement of BTC to $79.664.
Keep in mind the last mega pump we saw was due to the same pattern playing out from GETTEX:39K -$43k gifted us a 67% price increase to $73k. So I believe that $80k is a rather conservative figure, considering the massive pump we had last time.
This trade could take place over the next 30-40 days when we look at how long the last move took to complete.
I would seriously consider taking a look at an entry points between the prices of FWB:65K -67k when unusual volume starts to enter the market with bullish confluences.
Peace & Prosperity
-Kaia Tait.
Head and shoulder almost complete Ripple is going to complete an head and shoulder that will push price down a last time to touch long term support trendline
This will be a good entry point to catch the long waited upside move
I’m Bullish on SHIB $SHIB 4 hourPossible inverse H&S on the 4 hourly. I think we may have seen a Bullish shift in momentum at least for now. CRYPTOCAP:DOGE is running up a bit and these two play together like a seesaw.
$USDCAD ShortH&S on the 1h and 4h. Trade shown. Short after market turnover and spreads normalize. TP1, TP2, TP3, & SL shown. Make sure to account for broker spreads when inputting your TP/SL.
DOGE is at a crucial decision point!
Dogecoin is in a rising trend channel in the medium long term. This signals increasing optimism among investors and indicates continued rise. The price has reacted back after a false break of the head and shoulders formation. A significant penetration of 0.13 will again give new negative signals to the currency, while a break of the opposite side of the formation will be a strong positive signal. The currency is testing resistance at points 0.13. This could give a negative reaction, but an upward breakthrough of points 0.13 means a positive signal.
Are you bullish or bearish right now ?
