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Headandsholder

THETA Long Signal | 130% Profit Potential with 6.8 Risk-Reward✅ Key Trade Levels: 📌 Entry Point: $2.6 🛑 Stop Loss: $2.1 🎯 Take Profit: $6 📊 Analysis and Explanation: The THETA chart shows a strong Harmonic Gartley pattern, where the price rebounded after touching the 61% retracement level of the XA wave. Additionally, an inverse head and shoulders pattern has formed, and the neckline has been broken decisively. The key resistance at $2.6 is the last barrier. Once this level is broken, a strong upward movement towards the $6 target is highly likely.
Long
by arzdigitalistha
H&S Bottom: Double Bust (ETH)The inverted head and shoulders pattern failed . All is well, as we have Thomas Bulkowski's history of patterns & statistical setups to guide us along together. Ethereum has already invalidated the single bust . It is time to explore the Double Bust IH&S chart pattern, & look for these elements: Price must confirm the head-and-shoulders bottom by closing above the neckline or right armpit (A). Price rises no more than 10% before reversing. Price closes below the bottom of the chart pattern (B). This busts the pattern for the first time. Price drops no more than 10% below the bottom of the head-and-shoulders bottom. Price closes above the top of the head-and-shoulders bottom. This busts the chart pattern for the second time (C). The stock rises more than 10% above the top of the head-and-shoulders bottom. A double busted head-and-shoulders bottom turns into a triple bust when the rise after the second bust is no more than 10% and price then closes below the bottom of the chart pattern. Busted Inverted Head-and-Shoulders Historical Performance : 16% of head-and-shoulders bottoms will bust Of those that bust...47% will single bust 36% will double bust 17% of them will triple bust Single busted patterns will see price drop 22% on average (invalidated) Non-busted head-and-shoulders bottoms (that is, head-and-shoulders tops) will see price drop by 16% on average If you have related analysis please be sure to share so we can learn together! Confirmation of Single Bust Invalidation: Price must confirm the head-and-shoulders bottom by closing above the neckline (down sloping necklines) or above the right armpit. That occurs at (A) in the figure above. Price must rise no more than 10% above the neckline. Price then closes below the bottom of the head-and-shoulders bottom (B). Price continues dropping more than 10% without closing above the top of the head-and-shoulders.
BITSTAMP:ETHUSDLong
by ZenMode
8
EURUSD Bearish reversalHTF - Price has been stuck in a descending channel since June of 2021 in the 4-hour TF. LTF - Price has recently broken HTF structure but formed a weird head and shoulders pattern in an ascending channel, which indicates reversal, + price has moved impulsively inside the HTF structure adding confluences to momentum reversal. Now the only thing we need to wait for is a continuation correction pattern in order to make a trade expecting further downside momentum.
Short
by GonzooTrading
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.
Education
by ForecastCity
12
USDCAD FUNDAMENTAL AND TECHNICAL SWING IDEAGood Day Traders.... HERE'S A SHORT IDEA FOR THE USDCAD USDCAD REMAINS DIRECTIONLESS ON MOST FRONTS BUT IT STILL REMAINS UNDER THE BULLISH PRESSURE FOR THE SECONF DAY IN ROW.. WE SAW A STRONG RECOVERY ON OIL WICH PROMPTED A BIT OF A PULL BACK ON THE PAIR... I'M LOOKING FORA BOUNCE / TOUCH OF SUPPORT LEVEL 1.39831 RETRACE A BIT TO THE UPSIDE THEN CONTINUATION TO THE DOWNSIDE IF WE SEE A BREAK OF LEVEL 1.39821 LEVEL WE WOULD BE IN A DOWNTREND LOOKING FOR SELLS TARGETING THAT 61.8 FIB LEVE..... PERIOD - SWING... * IF YOU LIKE THIS IDEA KINDLY LEAVE A LIKE AND COMMENT... KINDLY FOLLOW AS WELL FOR MORE SWING AND DAY TRADE IDEAS, APPRECIATE IT.
Long
by PULEMokhothu