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Complexheadshoulder

inverse head and double shoulder pattern speculationgoogle the complex head shoulder pattern the inverse head and shoulder failed to break out the diagonal resistance and dropping right now but there is a case for that, it happens when there is 2 shoulder on the left side of HS pattern so the HS pattern is not invalidated yet, it just turns into a complex or variation one the first step IMO watch out bull reversal at 175x or 172x and be prepared when gold is above 1843 but don't gamble because there is a bearish signal if 172x support broken note: I only find this double shoulder pattern on Bulkowski pattern book called complex head and shoulder pattern this is a good pattern with the target to double top 2070 as target thepatternsite.com
FX_IDC:XAUUSDLong
by salvanost
BTC Head & Shoulders GameI think this is what the bears are going for... They are trying to hold the bearish head and shoulders narrative...perhaps a "complex head & shoulders" which would compete with an Inverse head & shoulders that you see painted on left and below. Ultimately price will decide this, and of course that is decided by futures it seems short of any other fundamental news. Two competing narratives with an upside bias. For the bears, this is their last first barrier to 59/60K region.
BYBIT:BTCUSD.PLong
by JJMa
Diagonal support must hold the bulls!After our last failed pennant uptrend, we have come to another pennant formation in a larger time frame with a complex H&S which relies on diagonal support! currently, the price action is below both ema's and entering a diagonal channel which won't have much time for reversal or the downtrend will continue. Rsi shows a very rare oversold and the Ichimoku lagging span is going towards the diagonal support already. let's hope it finds its way to the cloud. My recommendation is not to get in or short while the price action is within the yellow and red dotted channel; instead, place your entries/Long orders over the yellow and red dotted channel and once in go with the diagonal support as your Stop Loss.
BITSTAMP:BTCUSD
by Zivul33
1
Bitcoin A Rare Topping PatternIt appears to me that bitcoin is topping and this is a significant top. It is known as a complex head and shoulders top and it is known this because it follows the same principle of a normal head and shoulders; however, there are multiple shoulders or multiple heads. It was difficult to spot for me due to the fact that the neckline is off, however, it can be clearly seen in ETH using a line graph: My reasons for calling this a complex head and shoulder: 1.) The structure of this parabolic move was noted by the RSI trendline in purple. In light blue, we get the structure of the head and shoulder pattern, this clearly causes a divergence and it solidly breaks the trendline denoted by the parabolic move. It is the FIRST diverging structure that occurred in BTC in a significant amount of time and the first divergence that occurred is circled in light blue. 2.) The volume is decreasing and the shape distinctly resembles a head and shoulder pattern with 2 heads and two shoulders on each side and it has a neckline that slopes upward (an iconic trait of the head and shoulder pattern indicating the strength of the run) Reasons to not call this a complex head and shoulder: 1.) The neckline is sloppy. It is very difficult to draw an accurate neckline; this is due the high volume drop from mid 7k to mid 6k. However, there was significant support, this can be noted because there was a large window (gap) on BTC! CBOE futures contracts. 2.) The shoulders on the right side are not clearly shaped. Strength of the Pattern: It is in my opinion that this pattern has a fair amount of strength to it, however, it is important to note that the neckline is sloped up, which means that there is significant bullish strength behind BTC. However, the right shoulders are small and which indicate bullish weakness, as generally the pattern is symmetric.
COINBASE:BTCUSD
by CuddlyCuddles
2
BTC RARE SCENARIO UPDATE.6 (5 H&S!)Traders, Here we have BTCUSD 1D chart. Previously we had all these patterns in my last ideas for BTC here below: we had an opportunity to watch many patterns of H&S no matters bullish or bearish, but to be honest this rare to happens at this small time range with the same necklines to create a strong level that we had right now. This area was very hard to not be broken even though we had a million H&S that should reverse the price and make it dive deep. In this idea I'm long as a humble vision cause these many bearish patterns must lead us to ask what does this complex head and shoulders mean? The answer will be everything is not straightforward, particularly in the trading world, and you won’t always get a perfect copybook head and shoulders pattern. One variation that you can find is called the ‘Complex Head and Shoulders Pattern’, and this is a more complicated version which includes extra parts. The extra parts include a double head or double shoulder – basically the trend is taking longer to turn from one direction to the other. This pattern has the same forecasting ability as the normal pattern, and you can run through the same principles to see why. This is not a very common occurrence. Regards, Mohsen
BITFINEX:BTCUSDLong
by MohsenCapital
1