GOLD: Bullish - FLAG detected + Breakout of the range. 1- A "Head Shoulders" has been detected and we did a perfect Take profit ( TP1) at 2 395$. 2- When we break a range the Take profit should be the Height of the range. Then the TP2 is expected around 2 518$. 3- Plus we can also consider that the range is like a flag and then the TP3 ( green arrow) is...
NASDAQ:AMD AMD clear Head and shoulders pattern price filled gap and broke downside could see 150 - 145 Put Protection for positions or exit.
XRP is currently in an ABC correction pattern that is forming a perfect Head & Shoulders pattern. If price action continues to drop, I expect it to hit the lower range of the descending wedge indicated by the purple box, which could act as a launching pad for the next wave up. Good luck, and always use a stop-loss!
We expect further upside on this pair, signalled by the formation of an inverse head and shoulders pattern breakout. We can also see the breakout of a key level supports our directional basis
BNB to Retest Head and Shoulders, Setting the Stage for Bullish Momentum
Classic head and shoulders on the 1hr timeframe. Looking at a low of .66 which is also current support for now. There is also a bullish trend line on the longer time frames which must stay in tact. We could be seeing a bullish reversal after confirmation of support level .66 and if broken we are looking at .60 and lower.
SPELLUSD 1W finds itself in a pivotal moment as it undergoes a retest of the head and shoulder chart pattern.
1.) The 50/200 day EMA are about to complete a death cross (the 50/200 day MA have already done so, not shown above) 2.) The weekly price action has formed a rising wedge 3.) Price stalled out at the first area of resistance, failing to reach as high as the candle close from July of 2021 4.) Weekly RSI has printed a head and shoulders pattern and looks like it...
Traders, Couldn't help it. Far too enticing to ignore. NVDA price will be attracted to that $317 level like a super magnet. Not only do we have a H&S pattern now in play, but we have that huge gap to be filled. I mean, trades like these don't come around every day! It's a no-brainer here. Not fin advice. Pure entertainment only. Stewdamus
Traders, A couple of weeks ago you'll remember I expected a bounce off of our 200 day SMA which coincides with the bottom of my channel, making a strong area of confluence and support. But I wasn't sure if that was the end of our drop? Turns out, after testing the underside of our neckline for a patent classic retest, we have now broken below the 200 day SMA and...
LRC has been losing value steadily after the initial 2023 pump. As of recently, LRC has fallen through the neckline of the head & shoulders pattern, completing this bearish pattern. In my eyes, this token will see more selling in the coming months. I'm looking at 0.10 for a potential long-term bottom, might even go lower than that.
NZDUSD is forming a false breakout and reversal pattern. There is an opportunity for a decline to 0.59000 TA on high timeframe: 1) False breakout of global range resistance 2) The market considers liquidity in the area of 0.59600 as a target TA on low timeframe: 1) A false breakdown in the "head and shoulders" format is formed 2) Price starts realization of...
Greetings, Traders! Welcome back to another insightful technical analysis, this time focusing on the fascinating world of gold, the XAUUSD pair. Our vigilant observations have led us to unravel the mysteries of this precious metal's price action. Let's jump right in and explore the intricacies without delay. Our journey begins with the emergence of the initial...
Remain above the yellow line = failed HS, targets are the two red lines. Fall below the yellow line and the grey diagonal below it = successful HS, targets are the two green lines.
Traders, A strong dollar (11 weeks straight of green candles) and an elevated VIX has helped to trigger a break of this H&S neckline on the SPY chart. The pattern is now playing out but we are on support on the RSI chart where we can usually expect a bounce. Additionally, we have strong support at the 200 day ma just below us. Our target on this H&S is 410. The...
FX:EURCHF has resistance around 0.96 and support by lower descending trend line Besides, I figured out the reversal pattern Inverse Head Shoulders FX:EURCHF needs to close above the neckline to confirm for this reversal pattern Wait for next move
Hello Fellow Traders! 🌟 Today, we turn our attention to the EUR/NZD pair, which is showcasing a classic price action reversal pattern, a beacon for potential lucrative opportunities. On the minute chart, we are witnessing the formation of an inverted head and shoulders pattern, a reliable indicator of a potential bullish reversal. Notably, the price has surged...