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Headshoulders

TERR LUNA CLASSIC LOOKING BAD SHORT TERM! PAGODA EFFECT!LUNA looks like it has completed the head and shoulders pattern I spoke about in my last chart and has broken below the neckline of this massive pagoda. This is not good and it can bring Luna down hard to possible lower lows if the drop is extended. I am seeing a correction to at least the .00012 area on a measured move of the cup and handle on the lower degree of trend. The higher degree of trend head and shoulders where the Pagoda was completed and is now trading below would give a measured move of about .00003 which is a real ball buster and I hope it does not play out. The thing with the pagodas is that if the lower degree of trend head and shoulders that form within the pagoda all play out and complete, the chances of the larger degree of trend head and shoulders to play out is lowered. Still possible but lowered. So here is something else I found. Bitcoin back in February/March of 2020 had this exact pattern almost and I saw the pagoda forming but thought that because the other smaller head and shoulders played out that we wouldn't see the huge drop. I was wrong and Bitcoin went from almost $9000 down to $3700, which was an even greater correction than the measured move. The measured move was only down to about $5000. The measured move is at least where its going, most times measured moves are extended when fear and uncertainty is high, which is exactly what we have now. So LUNA could possibly go to lower lows on this drop if the larger degree of trend head and shoulders plays out. The break has already happened below the neckline, and we are failing miserably trying to get back above it. It looks like its going for one more touch now and if it cant break the neckline resistance then I will be selling, and putting a buy order in around .00013 for the bounce and determine from there whether we are headed lower or if we are recovering. I also want to say that if we do drop significantly, we will probably have a super fast recovery, probably V shaped, kinda like Bitcoin did in 2020. INVALIDATION: If Luna can rally and close about .00033 on at least a 1 hour preferably a 4 hour then I believe that the correction wont be as steep and a target of about .00014 could be the bottom of the current correction, before moving back up. Also today there was an arrest warrant put out for Do Kwon, this is confirmed by multiple reputable news sources. This shouldn't be bearish for Luna classic but it causes fear and people sell. Most haven't seen this news yet also it just came out a little while ago from posting this chart, just saying. This is just my perspective and my opinion, this is not financial or trading advice. Thank you all for the support and hit that like and follow me for constant updates. I will be posting a chart right after this one comparing Bitcoin's Pagoda AKA Rona Dump, in Feb/March 2020 to this one. The fractal is very similar almost exact. Im not getting shook out of LUNA, I am selling now and then re-buying at lower levels and doubling my holdings.
Short
by Bitgolder
AXSUSDTHello my dear friends Four-hour chart: the probability of completion of the head and shoulders pattern at the end of the downtrend Provided that the end of the upward trend and the price range of $12.99 is maintained, there is a possibility of forming an increasing trend up to the specified ranges. If the current trend is above the price range of $15.77, there is a possibility that the trend will advance to the yellow range ($16.77). We would be happy to hear your comments
Long
by FiboTech
Possible head and shoulders on BNBIf the 275$ level fails to hold i will short it in the retest of the breakout, very unlikely due to the strength that BNB is showing. If the US Dollar continues to go higher all will collapse very hard. The most likely thing to happen is the invalidation of the pattern and further upside movement. So: If 275$ is broken with a daily close under it i will open a short with target 188 . If 300$ is broken to the upside again and we get a daily close over it , it signals a long and therefore head & shoulders pattern is invalidated. I will like to give me boost if you agree with me and i will be glad to see what do you think in the comments.
by piccard54
GOLD: HIGH POSSIBILITY OF GOING DOWN (FIBONACCI+H&S PATTERN)There is a high probability for a short position on gold based on: 1) Price action: Fibonacci retracement and price action indicate a rejection from the area between 0.23/0.382 fib levels. These levels also happen to be major support/resistance levels on the daily chart. 2) Head and shoulders pattern forming on the 4H chart as an additional confirmation Keep in mind the possibility of a buy position if price breaks the previous resistance. Set your stop losses according to your risk management strategy. Leave your opinions in the comment, I will make sure to reply to them!!
OANDA:XAUUSDShort
by youhannaabboud
SNXUSDTHello my dear friends I hope we have a profitable week ahead (: If the price moves out of the triangle pattern and can be above the blue range ($3.836), we can have a head and shoulder pattern at the end of the downtrend. The yellow area ($4,812) is an important area, the possibility of a reaction to this area is not out of mind. But if it crosses this range, the possibility of breaking the downward trend line and forming an upward trend in the medium term is strengthened. Don't forget, the above scenario is valid under the condition that the price moves above the $3.836 range. We would be happy to hear your comments.
Long
by FiboTech