Bitcoin has been in this range for the past few months On lower time frames it is posible we see a Reverse H&S developing coming into the support zone drawn on the chart which could be enough to break us out of the range On higher times frames Bitcoin looks heavy and if Bitcoin loses this support, I am confident that it will not be long until range lows are...
I just started to learn to observe the candlestick two days ago, and then yesterday there was a head-and-shoulders top pattern. At the beginning, I felt that it made a w bottom, and it seemed that it is about to break through to go highe. I didn’t expect to become a head-and-shoulders top pattern a day later, and then fell below this morning. The magnitude of the...
Hello Traders If Price starts to consolidate within the blue box ive drew then it could be the end of Ethereums head and shoulders pattern. In this case i will still be looking at a Bullish trend opportunity. stay with the market, lets see what happens
Inverted head and shoulders pattern suggests further uptrend. Target could be 88.6 of Fibo where is resistance level and harmonic pattern
OANDA:USDCAD This is a situation where I see a possible fake breakout. Price broke out of the long term blue trendline and is forming a head & shoulders . In my opinion the fundamental bias for this pair tilts to the downside. I think if we see price breaking back below the trendline there could be some violent moves down as possible buyer stop losses get...
Channel Resistance - watching for a break and back test to form a right shoulder if the move is to be to the upside.
Head and shoulder reversal pattern breakout neckline looking for long.
Nice and clean head and shoulders formed here Further upside on EU.... Grab a seat now!
Let's look at the Cardano coin (ADAUSDT) since it bounced and continues to down in the 4h timeframe, we can clearly see that the possible pattern that will form is head and shoulders. Any other opinion? Risk disclaimer! just an idea, not an invitation to enter a position
After consolidating in a long regression trend for quite some time, SEDG is holding within a triangle while forming an inverse head and shoulders, (orange- neckline). SEDG has earnings on 8/3' along with ENPH. Looking for a run up to ER. Both previous price targets hit (see previous chart), undoubtably a long-term play, should provide multiple good entries....
Pontecial invterted head and shoulders forming on btc / usdt with diagonal neckline and potential local bottom at $ 32,600 with a right shoulder target at $ 34,200 and a full set target at $ 36,600 which is also a fib gold pocket of 28,800 dollars to $ 41,300
Hello Traders On the H4 chart we can see a head&shoulders pattern. The price is likely to fall below Support zones. If the price starts to consolidate at current area, it will be less likely to price drop. stay with the market, lets see what happens
Inverted head and shoulders pattern. Retest of neckline. Possible move up
I’m sorry for bitcoin holders but it’s going to tank clear head and shoulder…
wait for the candle to close above the structure or neckline, wait for the pullback The Bottom Line Head and shoulders patterns occur on all time frames and can be seen visually. While subjective at times, the complete pattern provides entries, stops, and profit targets, making it easy to implement a trading strategy. The pattern is composed of a left shoulder,...