Trade Setup: Weekly: Inverse HnS pattern breakout with volumes (highest volumes since its inception). Broke the longterm trendline (in Red colour). Daily: 20EMA > 50EMA > 200EMA (golden cross). Entry = 615 INR (accumulate until 580 INR) SL = 570 INR Target = 722 INR
After an amazing +10 move last week to the upside. $Unity seems a bit exhausted. As you can see Unity formed a possible h&S pattern currently sitting right at the neckline.(correct me if i'm wrong). We had alot of sell off doing FAANG earnings week, let's see how the market reacts .I see a move down to 104.50 - 103.50 area, if it's not able to hold 106.40 as...
This Pattern has been the name of the game for the last week as the inverse H&S pattern did not break with the volume needed for a sustained move. The juxtaposition between NAS and RTY looks to continue. Jobs numbers on Friday should give direction.
* Polkadot in 1H time frame forms a Head and shoulder pattern, with a neckline as it's support near $17.800 * The Head and shoulder pattern appears with 3 peaks, the 2 outside peaks are of smaller height compare to the middle one. It is a trend reversal pattern. * If the Polkadot price breaks it's neckline ( Support ) we can see a drop till $16.700, it is bullish...
Reverse head and shoulder is completing . Vechain 15 min
As you can see in the chart, a divergence pattern has formed in the RSI indicator and according to the trend lines and resistance, the price is expected to fall to the range of 36,000.
Both instruments rejected their necklines. BTC holding the 4 hour Higher Low.
Here's a very nice setup for AAVE, which has some very bullish developments taking place with AAVE pro. I expect a pretty easy payday here, though we're nearing retracement on the RSI so expect to grab a quick dip for even better gains.
- Head and shoulder pattern on both W and D chart - 1.40000 level been used as support and resistance level multiple times - Second touch of 1.40000 level (right shoulder) for a retest - Previous HL have been broken and now a new LL has been made - Nice bearish engulfing candle on D chart at key support/resistance area (1.40000) - 61.8 fib level also supporting...
STRAX forms a Head and Shoulders pattern which could break upwards in price. The RSI on the 4h chart currently follows the upwards trend indicated by the yellow line. Also on the 4h chart we see a bullish cross between the 50 and 200 MA which is indicated by the yellow camera. If the breakout occurs we expect some upwards movement with the target close to the...
Its going to 141.01 in next 2 months or sooner
An emerging Harmonic Pattern could form upon the CADJPY and if it did, it will be quite similar to the trade ideas I've just posted(check the link in TradingView related link segment). Both have a Head and Shoulders trading opportunity within it, the only difference is that this is closer, provided the Bullish Shark Pattern form up at 87.19 as a trend trading...
This week Expert Level has posed a challenge as there are just so many great trading setups in the coming week, despite the Friday Non-Farm Payroll(NFP). I'm waiting for a buying opportunity on this bullish bat pattern that is completing at 76.30, and that would give me the advantage to engage the buying opportunity on the emerging head and shoulders pattern on...
A possible inverse head and shoulders with the right shoulder coinciding with the inflection point Buy order should be entered at this point Price tends to do this along the Fibonacci circle, stays 'Sticky' to the circle.
Points to bullish for short period 1. Reverse Head and shoulder pattern 2. Support area filled wait for rejection My sincere Thanks to my masters Trading Panthulu, Day Trader Telugu and Nayan pokarkar. Disclaimer : This is only for Educational purpose, so please consult your financial adviser before investing your hard earned money.