WTI Crude Oil is testing a recently broken horizontal support. After a violation, it turned into a potentially strong resistance. Approaching the underlined area, the price formed a head and shoulders pattern on an hourly time frame. A breakout of its horizontal neckline is a strong intraday bearish confirmation for us. We can expect a bearish continuation...
Smash a like if you agree! Why do you ask? Because people like smart contract blockchains, people like new projects, a good ticker, good liquidity, the right price to make multiples all add up to winning tickers in the #crypto space So I believe INJ will not only meet this $85 target buy likely surpass it during 2025 top
Hey everyone! If you're enjoying this analysis, a thumbs up and follow would be greatly appreciated! Bitcoin (BTC) Update: BTC is forming a bullish inverse head and shoulders pattern on the daily timeframe. The price is currently attempting to break above the neckline, which could signal a significant price increase. Here's what we're watching: Confirmed...
COFORGE formed a reverse head and shoulders pattern on daily chart. Price broke out of resistance area with strong bullishness. Also there was a gap up on todays opening indicating there is strong buying pressure. Stop loss can be held just below previous swing with target the width of the head. Provides an ideal risk reward of 1:2. Hope you liked this idea. If...
Short term uptrend broken. Is heading to the uptrend line from Jan 2022, and I think it can break it down. I'm already short in Dollar against AUD and GBP and I have been adding. And I will add even more. To make it even worst for the Dollar the index broke down the uptrend with a HS. I don't need another trade to close out the year. This is the one, all in. I...
Based on the observed chart pattern, a Head and Shoulders formation appears to be developing. By integrating the Supply and Demand zones from the SMC (Smart Money Concepts) strategy, this setup indicates a strong potential for a selling opportunity at the current level. *Beware of unexpected news.
After the breakdown, I will open a long position for a small part of the deposit.
Thanks to @TORNADOF5 for reminding me about this. A friend sent me a tweet last night about how banks are levered up on debt and that prompted me to look at the chart of KRE. As you might remember, AMEX:KRE was one of the worst performing ETFs at the beginning of this year with the failure of a ton of local banks. But since earlier this year, I haven't...
Cup and Handle Pattern. Stock is in breakout from multiyear Support/Resistance zone. Currently trading near 52W High too. If all goes well, can touch 2500 levels in the coming week. 1800 levels will invalidate setup.
Lovely continuation pattern $1000 is going to be reclaimed today And with a potential 20% upside. Expect momentum to help push this thing to these projections. Best of Luck Make the most of the meltup!
Hi guys Tangent with the medium-term uptrend line, in the lower time frames, a head and shoulder pattern is formed at the end of the downtrend. The support areas are also well preserved so far; Provided that the previous price floor is maintained, and the resistance range of $0.831 is consumed, we expect an upward trend similar to the scenario.
On the daily timeframe, STRK was in a bearish trend. Then, it started forming the Wyckoff accumulation pattern, which included a bearish candle with a long wick, marked on the graph as SC for Selling Climax. Then, we had the AR for Automatic Reaction, followed by the ST for Secondary Test, UT for Upthrust, and another STB for Secondary Test in Phase...
CRYPTOCAP:DOGE has been printing a lot of bullish reversal patterns through the last weeks. An inverse head and shoulders played out, price broke over the neckline, tested it while entering a fibonacci zone and bounce from there. Next resistance should be around 0.176-018, where a small bearish fair value gap is in the daily chart, otherwise it's very likely that...
Here I have AUD/USD on the 1 HR Chart! Price so far has began to form what looks to be a Strong Reversal Pattern, Head & Shoulders! You can see a clear Left Shoulder falling down to the Support Zone creating our "Neckline" @ .6633! Followed by the creation of the "Head" being a rejection off the Falling Resistance back down to the "Neckline" and NOW finally to...
What Excites Me I'm anticipating a big pull back (see my last post for details) to happen for Gold, but S/D, and volume analysis suggests that there could be a better entry on the horizon! What I'm Looking For I would be willing to short if I could get in from $2400 upwards. I would also be willing to reassess things if the market made a lower low. But as...
Potential opportunity for longer period inverse head and shoulders to play out. Could be limit order entry opportunities. This would help build strong support base, as well as give the cycle the time it needs to be a right translated cycle instead of a left translated accelerated cycle. That puts us end June before move to crush through ATH.
MANYAVAR formed a reverse head and shoulder pattern on daily chart. For quite some time this particular stock has been going down but now shows signs of reversal. Stoploss can be had just below the breakout candle. Also note the wick on 4th June indicating strong buying pressure at those level. Target can be just below the resistance level marked. This trade...
Not clear cut But you can make it out if you squint. Either way another new for the cycle blockchain, should periods of expansive growth Just recognise it's not the next coming :)