In this post, we'll focus on the head and shoulders pattern formed on the price movement of $BINANCE:SUIUSDT. By the time of this writing, the price is currently hitting the neckline of the pattern. I'll also provide my charting for the coin as well as target areas in my full technical analysis on this idea thread below. Stay tuned and happy trading!
PLTR has earnings on February 5 while on the 120 minute chart, the price action is that of a rising wedge with price compressing between a rising support trendline and a falling resistance trendline the extension of the neckline of the head and shoulders pattern of November. PLTR fell today and is near and above support. In a long trade, I see the target as...
We could see a failure to reach new highs and all this left shoulder liquidity can be used to push us below (or at least retest) the key 453 level. From there, we have a massive gap to fill to the low $400. Prior to any short entries, however, I will for a retest of the top of our teal selling channel which will form our right shoulder - and with a lack of buying...
BANK NIFTY Head And Shoulder Pattern good opportunity for positional trade Low Risk High Reward
Looks like we are looking at some downside on the broader market in the coming days if this pattern were to play out in the dollar index. Bullish for the dollar and bearish for equity
1D Chart From a technical viewpoint, Tesla ( NASDAQ:TSLA ) is setting up for a short-term recovery to the $200-210 range before another steep correction. Should significant support be met around the $100 range, a sharp recovery back to previous highs near $415 will be in sight. The following patterns are visible on the 1D chart: Impulse and Correction Waves...
I've been looking at this inverse head & shoulders pattern for a couple of weeks now. Now that PEPE has reached the bottom purple support area, it might be the perfect time for a long-term entry. Ideally, we wait for the price to confirm the pattern and break through the neck-line first. However, an entry from around the purple support has a higher risk-reward ratio.
We expect further downside on this pair, signalled by the formation head and shoulders pattern breakout. We can also see the breakout of a short-term trendline supports our directional basis.
gbpaud showing multiple signs that sellers are in control and im using euraud as correlation as evidence that gbpaud will continue to short. *GBPAUD SHORT
Hello Traders, Allow me to share my thoughts on the current EURUSD Pair. The current analysis of EURUSD reveals a complex price action, presenting challenges in determining a clear market position. On one hand, I could see an emerging/potential head and shoulders pattern, indicative of a possible bearish movement. This potential bearish bias is supported by a...
ACGL - Arch Capital Group is showing a slight bearish divergence on the weekly chart, and what could potentially be a bearish head & shoulder's pattern. I bought the March 15 Puts at $0.75 cents expiring March 15th 2024. Good luck!
MARUTI !! Broke Head and Shoulder Pattern and re-test done. size of cup can be next target
Nifty has shown a formation of a Head & Shoulder pattern in Hourly time frame. This is a short term outlook as long as medium term remains bullish i.e., daily close is not below previous low. Monthly call options/ futures can be used to trade this.
Nifty has once again given a chance. Head and Shoulder pattern has formed in a 15-minute time frame. Given that it is Budget tomorrow, there is a high chance that we will achieve the targets and then reverse from their trapping bulls like last year. I am going to be very quick in booking profits intraday.
Hey guys! its your girl forex potatoe. Here we are again with our trade idea for today. USDCAD is currently in a downtrend in 4H Timeframe, 1H and we can see the momentum is shifting from bullish to bearish in the 30 Mins and 15 mins Timeframe in the direction of 4H TF. At the resistance, trendline as been broken and a head and shoulder formed now on the 1H...
The left-hand chart suggests that, having failed to establish support at its previous low of 2022, the near-month gold futures contract has further to decline. On this basis we would be more ready to add to an existing short position than to start a new one. The right-hand chart highlights the recent moving-average crossover as a sell signal. We might hold out...
PEPE has beentrading relatively bearish since it topped early in December. With BTC moving down, it's getting more likely that PEPE will see some kind of sell-off in the near future. I'm looking at this inverse head & shoulders to play out over the next weeks. Ideally, we get some kind of bounce going around the 85 area. Patience is key on this trade. If PEPE...
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.