Head and Shoulders
CRUDE OIL (WTI) Bearish Trend Continues
WTI Crude Oil formed a classic bearish reversal pattern
on a daily time frame - a head & shoulders pattern.
Bearish violation of its neckline is an important bearish signal.
I think that the market may reach 77.9 level next week.
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This will make our jobs easier if #Stablecoin Dominancewas to reach the inverse head & shoulder target :)
Almost the same % when the #crypto market topped out last cycle.
Will it?
IDK!
Should u wait to those low single digit numbers before u emabrk on profit taking?
probably not.
We shall keep an eye on this of course.
Best of Luck
CRWD - Surfed my way!If you are reading this today, then you should know why this has a spotlight right now, and if not well then just follow the chart!
To the left we see there was previous resistance moving down, later turned to support , and has acted as such. With today's news, I would expect a decline. I ultimately had first seen a possible Head and Shoulders form, or has been executed already, (Funny being the news that happened), and seeing price near our previous support makes me excited to see what plays out.
Did you think today's news affected the market this way? Or did you have other tools that gave you the same idea? Share your thoughts with a comment or private message. Let's enjoy the show!
Million dollar stock.Berkshire Hathaway breaking out versus Gold*Note #BRK does own Barrick Gold #ABX
Very interesting chart pattern
25 years in the making
The close of September should mark a confirmed breakout, of Warren Buffet's famous holding company, against Gold on a quarterly basis.
More evidence of a Melt Up in paper assets? And the continuation of the Bull market in the "roaring 20's"
If this is a continuation structure the amplitude suggests that one Berkshire Share, could be converted into well over 530 ounces of Gold.
At current prices that would equate to over a million dollars per share!
Spot Silver Breaches SupportFollowing on from last week’s spot silver chart (XAG/USD), local trendline resistance, etched from the high of $32.51, stood its ground, eventually forcing the precious metal south of neighbouring support from $30.73 (now marked resistance) and longer-term trendline support (drawn from the low of $22.31).
You may also acknowledge that price action on the daily chart recently completed (just) a head and shoulders top pattern (blue arrows – head at $31.75).
Therefore, further selling in this market is possible, targeting support from $28.86. However, before sellers shift gears, a retest of resistance (and the breached trendline support) could materialise (black arrows).
SILVER (XAGUSD): Bearish Pattern ExplainedSilver formed a significant head and shoulders pattern on a 4-hour chart.
Today, the neckline of the pattern was violated, with a 4-hour candle closing below it.
This indicates a potential bearish trend ahead. The next support level to watch for is at 29.75.
BTC inverse head and shoulder patternThe reliability of a typical inverse head and shoulders pattern is generally high when the neckline trends downward. However, the strong buying pressure observed during the recent decline to 53k has resulted in a very strong rebound up to 66k. This has formed an upward-sloping neckline. I predict that after some consolidation and accumulation before breaking the neckline, there will be a strong breakout, bolstered by positive news such as the ETFs for ETH and SOL.
AUDCAD ANLYSIS 2.0 GD FOR SHORTAUDCAD Trade Plan 🚀
🔻 Pattern Analysis:
AUDCAD has formed a bearish reversal pattern (Head and Shoulders) along with bearish divergence, indicating a potential decline.
📉 Entry Point:
Enter the trade at the current market price (CMP) of 0.92130.
🚨 Stop Loss (SL):
Place the stop loss at 0.92648.
🎯 Take Profit (TP) Levels:
TP 1: 0.91657 🎯
TP 2: 0.91096 🎯
🔧 Setup to Short Sell:
Entry Point: 0.92130
SL: 0.92648
TP 1: 0.91657
TP 2: 0.91096
📉 Good Setup to Short Sell 📉
🚀 Happy Trading! 🚀
COINBASE - #COIN massive Inverse Head & ShouldersTwo targets
Linear and Log projections
Both are juicy obviously
Brian Armstrong timed their IPO perfectly and extracted billions of dollars kudos to them
Wouldn't it be something if Coinbase was to return back it's #IPO price this coming bull , seems like destiny