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Head_and_shoulder

GBP/USD Bullish Reversal - Inverted Head & Shoulders FormationPattern Formation: The GBP/USD pair is currently forming an Inverted Head and Shoulders pattern, which is a classic bullish reversal signal. This pattern indicates that the downtrend may be coming to an end, and we could see a potential upward movement upon confirmation. Key Support and Rejection Level: The price has shown a strong rejection from a key Support level at 1.29050 , which aligns with the 0.618 Fibonacci Retracement level. This confluence strengthens the support, suggesting that the price has found a significant bottom at this level. The repeated rejections at this zone indicate buying pressure, supporting the potential bullish setup. RSI Analysis: Upon analyzing the Relative Strength Index (RSI) on the 4-hour timeframe, there is a clear Bullish Divergence . While the price was forming lower lows, the RSI was forming higher lows. This divergence suggests a potential reversal in price, further validating our bullish outlook. Entry Strategy: An entry is recommended upon the breakout of the Neckline at approximately 1.30020 . For a more conservative approach, entering on a re-test of this level will provide additional confirmation of the breakout's validity. Entry Point: Near 1.30020 Stop Loss: Near 1.29050 (below the support level) Take Profit Levels: To maximize the potential profit while managing risk, the following take profit (TP) levels are suggested: TP-1: 1.30990 TP-2: 1.31960 TP-3: 1.32930 Conclusion: The overall technical analysis indicates a potential bullish reversal for GBP/USD based on the Inverted Head and Shoulders pattern, support at 1.29050, 0.618 Fibonacci level, and bullish RSI divergence. An entry near 1.30020 with a stop loss at 1.29050 offers a favorable risk-to-reward ratio. The market should be closely monitored for a confirmed breakout or re-test at the neckline level. Recommendation: Watch for a clean breakout or re-test at 1.30020 for a potential bullish entry, and follow the risk management plan by placing the stop loss near 1.29050.
Long
by trading_jupiter
Nifty 50 Index - Head and Shoulders Pattern ConfirmedOn the daily timeframe, Nifty 50 has formed a textbook Head and Shoulders pattern, signaling a potential bearish reversal. The left shoulder formed around late August, followed by a higher peak (head) in early September, and now the right shoulder is completed. The neckline has been broken at the 24,612 level, indicating further downside risk. Key Points: Pattern: Head and Shoulders (Bearish Reversal) Neckline : 24,612 (Broken) Immediate Support: 24,459 Target 1: 23,348 (measured move from the head to neckline) Volume: Increased during the right shoulder formation, confirming selling pressure. RSI: Currently near the oversold territory, suggesting a possible short-term relief bounce before resuming the downtrend. Projection: Short-term downside: The first target can be seen around 23,348, where the measured move would complete. Risk Management: A close back above the neckline would invalidate the bearish outlook, with resistance now around 24,816.
NSE:NIFTYShort
by AngshumanSaikia
2
Technical Analysis of Digital Turbine (APPS)Looking at the stock's (APPS) historical performance, we can see a long lateral phase that lasted about 10 years. It broke out of this sideways trend with a strong bullish rally, reaching a peak of around $100. After that, the uptrend ended, and a downward phase began, following the formation of a Double Top technical pattern. The downtrend appears to have stopped near a support zone. When zooming in with a lower timeframe, we notice that the downtrend halted around this area. The stock broke a descending trendline and formed a bullish Head and Shoulders pattern. The neckline was broken with strength, accompanied by a substantial increase in volume, coinciding with the release of earnings and revenue reports. After the strong rally, the stock retraced and is now sitting at the Point of Control (POC) of a key volume area, which considers the entire history of the stock. Bullish Scenario The stock seems to be in a rebound phase after touching the POC. A continued upward movement could target the $7 area, which aligns with another significant volume area. Bearish Scenario If the POC area fails to hold, one could consider entering at the $1 level, which corresponds to a support area. Note of Caution: The stock has experienced a massive loss over three years, dropping from $100 to around $1.50. Therefore, it’s crucial to proceed with caution when evaluating this stock.
NASDAQ:APPS
by Giovanni_Bandini
2
ADA → Bearish Pressure !!!The price is forming a descending head and shoulders pattern, indicating a lack of liquidity in this time frame. If the price follows this pattern, it could drop to around 30 cents. ✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us. Best regards CobraVanguard .💚 _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Short
by CobraVanguard
2
State Bank of India (SBI) – Bullish Reversal Setup State Bank of India (SBI) – Bullish Reversal Setup with Inverse Head and Shoulders Pattern SBI is currently forming a classic Inverse Head and Shoulders pattern on the daily chart, a strong indication of a potential bullish reversal. The neckline, located at ₹826.45 , is the critical level to watch. A successful breakout above this level could trigger upward movement towards ₹880 and ₹911 , with volume confirmation needed to validate the move. Technical Highlights : Inverse Head and Shoulders Pattern: The formation of this pattern suggests a trend reversal from bearish to bullish. The price is consolidating just below the neckline at ₹826. A close above this could indicate further strength. Support and Resistance: Immediate resistance is at ₹826.45 , followed by targets at ₹880 and ₹911 . On the downside, the stock finds support at ₹790 and ₹762 , which could act as stop-loss zones. Volume Profile : High activity in the ₹790 - ₹826 range signals strong buying interest. A breakout above this range could push the stock into the next major volume zone around ₹880 . Moving Averages: The stock is trading above its 20-day, 50-day, and 100-day moving averages , confirming a bullish bias in the near term. RSI (Relative Strength Index) : RSI is neutral around 50, signaling consolidation. A push above 60 would confirm bullish momentum in line with a potential breakout. Outlook: Bullish Scenario : A breakout above ₹826 could open the door for a move toward ₹880 and ₹911. Traders should look for volume confirmation to ensure the breakout's sustainability. Bearish Scenario: Failure to break above ₹826 could lead to a pullback toward support at ₹790, with ₹762 being the next key level on the downside. SBI appears poised for a breakout, making it an attractive opportunity for traders looking for a bullish reversal setup.
NSE:SBINLong
by AngshumanSaikia
Day 2 AI Analyzing my trading ideasThe following chart is not very different from the first except I wanted to focus on a smaller timeframe initially I wanted to focus on the 4h timeframe but the big picture wouldn’t be as clear. I started off sending a picture of the 4h chart to AI and asking if it recognized any patterns, of which it mentioned 3 patterns a Head and shoulders, a rising wedge, and a symmetrical triangle. The rising wedge we talked about yesterday. So I decided to go for the head and shoulders (in this case an inverted HAS) after drawing the HAS on the chart myself I sent a new picture of it to AI and asked what it saw (the yellow price lines were added before posting to highlight the possible target AI suggested. Below is the description I got, keep in mind AI is not to be used as a trading tool by any means, but I like to play with the fact that it takes my emotions away from trading. Disclaimer again, I’m no professional and this is not trading advice. This is what AI said about my chart. Let’s break down the analysis again with this correct interpretation. ### Key Observations: 1. **Inverse Head and Shoulders Formation**: - The **left shoulder** forms around early June, the **head** dips lower in mid-July, and the **right shoulder** forms in September. - This pattern suggests that after a downtrend, there’s potential for a bullish reversal. 2. **Neckline**: - The **dotted green line** (around $65,000) appears to act as the **neckline** of the pattern. This is a key resistance level that, once broken, would confirm the bullish reversal. ### Possible Outcomes: - **Bullish Scenario**: - If the price breaks **above the neckline** (around $65,000), it would confirm the Inverse Head and Shoulders pattern, signaling a potential upward movement. - To estimate the potential target, measure the distance between the **head** and the **neckline**. The head dips to around **$50,000**, and the neckline is at **$65,000**, which gives a difference of **$15,000**. - Adding that difference to the breakout point at **$65,000** suggests a potential upward target of around **$80,000**. - **Bearish Scenario**: - If the price fails to break the neckline and instead reverses back down, the key support levels to watch would be the **right shoulder level**, which is around **$55,000**, and the **$50,000** level at the head. - A breakdown below these levels could invalidate the bullish reversal, leading to further downside pressure. ### Conclusion: The **Inverse Head and Shoulders** is a classic bullish reversal pattern. If the price breaks above the **$65,000 neckline**, we could see Bitcoin target **$80,000** based on the pattern's projected move. However, failure to break the neckline would mean the pattern is not yet confirmed, and we might see the price retest support around **$55,000** or **$50,000**.
INDEX:BTCUSDLong
by Kevinwastaken
BITCOIN: This May Be Your Last Chance Before Exploding to UpsideAs you can see, BITCOIN has created an ascending head and shoulders and is also located in the Megaphone , which means that if it breaks, we expect the price to reach the top of the Megaphone. ✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us. Best regards CobraVanguard.💚 _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
COINBASE:BTCUSDLong
by CobraVanguard
2
The last bullish chance of BITCOIN in short-term !!BTC is attempting to break through resistance of ascending triangle pattern after bouncing off support. Wait for a decisive breakout above the ma 200 to confirm the continuation of the bullish trend . Up we go if we do breakout , also a bullish hidden Divergence (HD+) on MACD which shows Positive Signs for BTC. The price can increase as much as the measured price movement ( AB=CD ) . The break out needed for increasing further has not happened but it should happen pretty soon. ✨Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad. _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!
Long
by CobraVanguard
FTM: The prospect of increasing?BINANCE:FTMUSDT As you can see, FTM has created an ascending head and shoulders and is also located in the megaphone, which means that if it breaks, we expect the price to reach the target (AB=CD). ✨Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad. _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!
Long
by CobraVanguard
10
BITCOIN: Find Out Why the Price Has Been Trading Bearish !After breaking the head and shoulders, Bitcoin could not break the important resistance of 61K and this caused the pressure of the bears to increase (the divergence shows this well) and the price decreased. We expect the price to decline until near 57K and after that I expect the price to rise again. ✨Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad. _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Long
by CobraVanguard
1
WOO is Bullish now & many Traders don't see it !!BINANCE:WOOUSDT As you can see, WOO has created an ascending head and shoulders and is also located in the Falling wedge, which means that if it breaks, we expect the price to reach the target (AB=CD). ✨Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad. _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!
Long
by CobraVanguard
SUPER is Bullish now & many Traders don't see it !!As you can see, the price was able to break both the neckline and the wedge line at the same time, which means that the price can rise as shown in the chart. ✨Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad. _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Long
by CobraVanguard
4
(Update) Price increase and prediction of the next target!!!As you can see, after breaking the head and shoulders pattern, the price has increased significantly. However, this is not the end of this growth. The price can reach the target shown in the chart after a slight correction. I believe that AB=CD. Previous Analysis ✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us. Best regards CobraVanguard.💚 _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Long
by CobraVanguard