Bitcoin is potentially forming a giant H&S pattern inside of a larger Descending Triangle or Bullish Flag. In light blue, I have drawn a hypothetical price scenario. The RSI is breaking the downward sloping resistance of a descending triangle formation. The KST saw a sharp deviation but has since found itself back into what could turn out as a bull flag or...
BTCUSD broke the neckline of the head and shoulders pattern we've been discussing this week and now also broke below 50 EMA. We seem to be wanting to come back up and test the 50 EMA now acting as resistance. Not pictured on the chart we found support on the 4hr timeframe 200 EMA. This is a very crucial point for BTC to hold any hopes of a rally back inside the...
ANKRUSDT is creating an inverse head and shoulder and the neckline is on 0.382 Fibonacci level. IF the price will break the neckline, and flip it into new support, According to Plancton's strategy, we can set a nice order ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure...
Less than 2 months in length but a clear close below the neckline today. Price target listed on the chart. 200 MA is an obvious support level. A daily close back over the right shoulder will negate the pattern and possibly set the stage for rally back to chart pattern head high.
Bearish Head & Shoulders pattern. Target: $1945
Aussie dollar has been on a short since the beginning of the week. I can see a breakout of a head and shoulder pattern which signals a sell for me.
this is the 1st day of the new fcpo-nov... hi, this is haidojo trading and the number is 139... well, what has happened today is the price tested 2710 and slided down...next level it might go to the "neckline" 2560-2605...a break lower than this level indicates that a lower-low has formed...trend has changed to downtrend... resistance : 2780-2810 immediate...
LOOKS BULLISH - Entry at CMP or after neckline breakout. Targets on chart
FX:GBPUSD After analysis on the pair GBPUSD it can be seen that a reversal will soon occur near the strong resistance at 1.624. This would cause the pair to drop all the way to around the strong support at 1.2280. This move would also complete the head and shoulders pattern forming which can be seen clearly on the 4 hour time frame. Entry @ 1.25680 SL @...
A head and shoulders setup on the GBPJPY with an RSI Divergence. Once the market opens, I'll wait for about 3-4hours for the market to settle down before I head in for a shorting opportunity. While it all looks good, a candle confirmation is still required.
The futures market and the market in general were actually completing a transposed head and shoulders pattern with a shortened neck. Hopefully this brings some clarity to my fellow traders who were puzzled by what they saw going on.
SUGAR creates an inverse Head and shoulder on historical support. As we know Inverse Head and shoulder is a common reversal sign after a long bearish environment. We will wait a breakout on neckline and retest it with a nice volume and according with Plancton's signal we will set a nice long order ––––– Here is the Plancton0618 technical analysis, please comment...
An inverse head and shoulders , also called a "head and shoulders bottom" , is similar to the standard head and shoulders pattern, but inverted: with the head and shoulders top used to predict reversals in downtrends. This pattern is identified when the price action of a security meets the following characteristics: the price falls to a trough and then rises; the...
1. Divergence in the RSI Indicator 2. Divergence in the MACD Indicator 3. Forming of a Head and Shoulders Pattern. 4. Clearly forming of a Elliot Wave. 5. Volume trading has been decreasing significantly. 6. Island reversal on the top 7. The rebound channel was broken Do you need more hints? Or is it already clear? Please comment what you think.
Head and Shoulders has just completed on the AUDCHF on the 4hr, now looking to next major resistance
BTC may be forming an inverse head and shoulders chart pattern. Successful completion would lead BTC price to 8,200 - 8500 (top of the Ichimoku cloud). Inverse H&S may be perceived as an indication of the 'bottom'. As of now, BTC is still in the bearish zone based on 1D Ichimoku. However, if we look at Ichimoku 1W, there is a possibility of a big 'pump' coming...