BTC - 4HJust focusing on current price action, pretty confident in this bias.
Higher time frame analysis also aiding this bias.
Head-shoulders
BTC ... A DAUNTING pattern ...Evening everyone!
Back on Tradingview this evening ... With something like a lot of people might not like to see!
In our defence, it might very well be a good thing for this market in the longer term, with a more profound pull back on the cards!
Let us know what you think!
Ethereum - Inverted Head & Shoulders - Reversal PatternPotential 10%+ Gains to the upside today, based on the Inverted Head & Shoulders pattern , which is inside of a 2 day Ascending Triangle pattern
Looks like an imminent breakout in the next couple of hours .
I think hodling on to at least 25% for a possible continuation up from 2,750 wouldn't hurt, but don't Bag Hold if your using Leverage !
Hopefully this monster, multi-week, insane pullback is over. There has been plenty of accumulation. Time to distribute. ;)
Good Luck Trading Today!
ALL Major Crypto's have Reversal Patterns to the UpsideInverted Head and Shoulders, take advantage of it! =)
ETH Inverted Head and Shoulders?! 10%+ Gain Coming!?Looks to me like we got a good neck line break on that inverted head and shoulders coming up around 2,550 and a good target up at 2,750ish for ETH.
Let's get it! :D
BTCUSD - head and shoulders patternIt looks like Bitcoin is heading for a new low around $20k if this head and shoulders pattern is completed.
OIL BIG MOVE HIGHER COMINGIt looks like Oil has now bottomed. I am expecting a strong move higher starting within the next couple of days.
I have my first target above but it expected that we will easily run that target.
Long bias on CL, let's go!
#GME INVERSE HEAD & SHOULDERS FORMING ALMOST COMPLETE#GME INVERSE HEAD & SHOULDERS FORMING ALMOST COMPLETE
More downtrend expected I've been expecting this fall since 2 months ago and my target is just above 50, there are still very strong support at 59.24, following the bearish Bat harmonica I expect the price goes back up to 64.04 then fall forming an H&S heading around my mentioned target which I calculated following pre-covid data FX:USOIL
head & shoulders forming ????as you see we crashed threw one pattern of head and shoulders, could we now be forming a larger one, ? keep watch , this is just a simple idea
GBPUSD shortGBPUSD formed inverse head and shoulder on the hourly chart, but it was only a fake breakout the 78.6% fibonacci retracement. In my opinion the next support is between 1.34-1.345. I recommend to open short position on market price, with stop loss around 1.38, and Take profit around 1.34(Risk:1%).
Trade at your own risk.
Please don't forget to like, follow, and comment, if you like my analysis.
Potential Head and Shoulder - Target 15kA potential head and shoulders is forming on the 4Hourly time frame. If neckline is broken , the target is 15K
Also, a brearish divergence on all larger time frames
Bearish Head & Shoulders Pattern (1H)There are many interpretations of the Head & Shoulders Pattern.
After much research and back testing I have created a simple process using bespoke levels to objectively identify and trade the pattern.
Through extensive research into Harmonic patterns (in particular the Butterfly ) I have discovered how to accurately predict where the H&S pattern will occur.
The Butterfly Pattern Forms the structure of most H&S patterns.
Head and Shoulders - "Learn More Earn More" with us Head and Shoulders Definition:
A head and shoulders pattern is also a trend reversal formation.
It is formed by a peak (left shoulder), followed by a higher peak (head), and then another lower pea k (right shoulder).
A “Neckline” is drawn by connecting the lowest points of the two troughs. Neckline support does not need to be strictly horizontal.
. This illustrates that the upward trend is coming to an end.
. When a Head and Shoulders formation is seen in an uptrend , it signifies a major reversal .
. The pattern is confirmed once the price breaches the neckline support
In this example, we can easily see the head and shoulders pattern.
How to Trade the Head and Shoulders Pattern:
ENTRY:
we put an entry order below the neckline.
TARGET:
We can also calculate a target by measuring the high point of the head to the neckline.
This distance is approximately how far the price will move after it breaks the neckline.
Head & Shoulders PatternInverted Head & Shoulders setup in-process first structure point to break through is 0.71900 and it should be a steady ride up to 0.72400
Probability of head and shoulder pattern formationEURJPY is more likely to form a head and shoulder pattern.
If the reverse head and shoulder pattern is created, we will have a target of 122,500.
If the pattern is not formed, the price is likely to fall to 118,395.
Signal by Yazdani
GBP/JPY Bearish Head & ShoulderKind of a late post but nonetheless I think it's a good setup.
Enjoy :D
