H&S developed the top of the right shoulder. Based on the current sideways action, it could be invalidated soon, but we also need to consider a current FUD around USDC. A price target is in the low 19000s, Which corresponds with yesterday's invalidated double top formation.
• TSLA lost its key support at $187, and it triggered a H&S chart pattern in the daily chart; • In the 1h chart, it failed in breaking its resistances, and the bias is clearly bearish, as it is doing nothing but lower highs/lows; • Even if TSLA does a bullish reaction, it would have to face multiple resistances, making a bullish thesis more unlikely; • First, in...
the AUDUSD is in bearish Head and Shoulders Pattern the Neckline is broken 🔥 so, i predict a bearish move 📉 TARGET: 0.66913🎯 ... if you agreed with this IDEA, please leave a LIKE, SUBSCRIBE or COMMENT!
Running Low On OXY? I believe we will be "running low on oxy" over the next few days or weeks. A head and shoulders pattern was identified on the daily in confluence with 2 rising support trendlines. OXY broke below the neckline of the head and shoulders pattern on Friday, February 3, 2023. Furthermore, the daily chart shows an increase of sellers at the break...
✅NZD_USD has formed A massive giant head And shoulders pattern And is now about to retest the Neckline so IF we see A bullish breakout of the Neckline I think that The pair will go even higher LONG🚀 ✅Like and subscribe to never miss a new idea!✅
We have Some Hidden Bearish Divergence and an HnS at the PCZ of a Bearish Shark on the 15 Minute that may result in a notable downwards move this weekend.
Analysis of #NZDUSD Hi traders, today we will have a look at #NZDUSD The NZDUSD broke its trendline support and became trendline resistance, and as you can also see we have a confirmed head and shoulders pattern, it is confirmed head and shoulders pattern because we broke the neckline support. I expect the NZDUSD to continue down to test the next level of...
Inverted heads and shoulders pattern appears in daily time frame Confirmation: Trends downside Appear in bottom Breakout Target mention in chart I hope you enjoy my analysis Hit like and share
If you understand the US economy then understanding oil may not be too hard to follow. We have been seeing a lot of bullish momentum from oil after OPEC announced it was cutting its production of oil. If these fundamental events continue to align this technical clue on the chart, then oil can hit the forecast target outlined.
Hello Dear friends We are on the midline of the weekly descending channel. At the same time, several patterns with higher targets have been formed for us. If the downward trend line is broken upwards, there is a high possibility of forming an upward trend similar to the drawn scenario. We would be happy to hear your comments
In this chart I have drawn a channel containing and highlighting the H&S pattern developed by PA. the first shoulder and the head developed as a double top, and the second shoulder as a confirmation for the double top. Now the last thing to wait for is a confirmation of the H&S pattern. I see two possible scenarios, the first one with one confirmation and then...
✅GBP_NZD broke the key support level After having formed a H&S pattern So we are now bearish biased And I think that after the pullback The pair will fall further down SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
Possible Head and Shoulders pattern with Neckline @ $24. A break would give readable targets @~ $14ish. This also coincides with trend channel.
Possible falling wedge reversal on USDCAD 4HR/1Day! We will WAIT PATIENTLY for this reversal. USDCAD is coming out of a bearish triangle (WEEKLY) with a fake brakout to the upside to test the (MONTHLY) OB @1.32000 area. It has broken the short-term bull trendline and seems to be creating a HEAD & SHOULDERS pattern on the DAILY! We will play the Right shoulder Buy...
The 10-Year Treasury yield has been consolidating since April as traders grappled with inflation and recession woes. Now, a bearish Head & Shoulders chart formation is prevailing. At the time of publishing, prices finished forming the right shoulder and were trading at the neckline, which seems to be around 2.70. This is as the 100-day Simple Moving Average...
✅GBP_CHF is trading above the horizontal level And the pair has formed a head and shoulders pattern Which means that IF we see a breakout We will then see a further move down SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
Along this strong horizontal line two distinct inverse H&S formations can be seen With the right shoulder of the second one yet to form (indicated by yellow arrow) Price should revert to bull once horizontal is touched
Hi, I hope you have a good day (: I think from the yellow range of $ 0.388 we can enter a buy deal with an attractive risk to Rivard. I can expect a head and shoulders pattern at the end of the downtrend if it does not lose the $ 0.34 price range. It would be great if you could share your thoughts with us.