Please note this stock have my portfolio stock
Very bulish on this stock
Reverse header and shoulder pattern
No recommendation for buy and sell
Fundamentals strong stock
A very good bearish head&shoulder made in the 1 day chart of Indigo paints soo its a tym to short it or not buy it .
Sell Indigo paints below 1479
Target 1444 1395 1365 1350
Sl 1550
Hello again
Currently, we are at the bottom of the long-term ascending channel, the channel has not broken down, the ranges have been maintained in the corrective trends.
As long as the price range of $0.2919 is maintained, there is a possibility of completing the head and shoulder pattern at the end of the downward trend.
Don't forget that in order to form...
In this weekly chart we can more easily see the rising Head and Shoulders pattern, followed by a long flag pattern lasting over two months. The H&S pattern is confirmed by the volume and with the breakout from the flag today (closing price at $35800 at time of writing, or more than 3% previous close), we next must watch the green dotted line support. If the...
The price created a head and shoulders on 4h and had a breakout from its neckline.
We could see a pullback on the daily resistance on 14.1$.
Big news on NEAR with USN and Liquidity mining, so we could see a false breakout from this area.
How to approach?
We will wait for a clear pullback until the neckline, if the price is going to have a rejection from that area...
Price has formed a powerful head on shoulders reversal pattern here, breaking below support to finish off last week with a bearish engulfing candlestick. In the weeks again, I am anticipating price to make its way towards the neckline, & if that is broken then a completion of the pattern could occur in the near future.
Monthly is looking weak for DXY.
Bear signals:
1 - Lower High has been made shown by top dotted line Nov-March 2016-17
2 - lower high has created new trend which was respected at Feb-June 2020
3 - Fibonacci 0.618 bounce Jan-April 2018 was textbook for growth but couldn't break the new high, since then we have been falling through the Fibonacci lines and is...
The price is creating an inverse head and shoulder on a daily timeframe, and now the price is testing its neckline. IF the price will have a breakout and flip the current neckline into new support, According to Plancton's strategy (check our Academy), we can set a nice order
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴...
on short terms swing trade there is a chance to head and shoulders pattern.
So it's berish pattern but in medium term and long therm it's still bullish rally.
If you want take some profit and set limit buy order on fibonacci retracement level. No risk of catch falling knives on short term with low leverage below 10x.
Good Luck
$NEO.X is testing the daily dynamic trendline and the price created the head and shoulder. IF the price will lose the dynamic and weekly support (neckline) we can looking for a short position According to Plancton's strategy (check our Academy), we can set a nice order
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red...
After previous profit , $TOMO.X creates an inverse head and shoulder, and now the price is testing its neckline (weekly resistance) IF the price will have a breakout and flip the weekly resistance into new support, According to Plancton's strategy (check our Academy), we can set a nice order
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure ->...
NZDUSD , created strong head and shoulder pattern and two indicators saws sell trand of this chart. now you can place the sell order . please if you like my trading ideas like, comment and share
================ BINANCE:YFIUSDT ================
head and shoulder mean bearish TIME
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this is Not Financial Advice
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Concor previously had AB=CD and given perfect target, now made Head and Shoulders on Daily Chart. Short Below 361.20 till 345, As 345 has demand zone so it might give a pull back and will try to break neck line of 361.2, Safe Trader can short below 345 if broken with huge volume .
JSWSTEEL formed Head and shoulders as well as triangle breakdown can be clearly seen. Previosuly it has bullish flag at 30 mins TF but now gave triangle breakdown with HnS ... Targets on chart...
EURGBP lost a big support and now the price is retesting it.
The price created a big Head and shoulder and breakout the ascending channel.
According to Plancton's strategy, we can set a nice order
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Follow the Shrimp 🦐
Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if...
