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Head and Shoulders

BANKNIFTY - 1 Day Time Frame Analysis📈 NSE:BANKNIFTY - 1 Day Time Frame Analysis This chart shows a classic Inverse Head and Shoulders pattern forming on the daily timeframe of BankNifty. This is a bullish reversal pattern, generally indicating a potential shift from a downtrend to an uptrend. Left Shoulder: Formed around April 23rd–25th, marked by a short-term low. Head: The lowest point in the pattern, formed around May 8th. Right Shoulder: Formed around May 28th, indicating buyers are stepping in earlier, showing strength. The neckline resistance lies near 55,913, which the price is currently testing. A decisive breakout above this level, with good volume, could signal a further upward move towards the higher resistance zones like 56,526, 56,907, and possibly 57,292. Key Support Zones: 55,167 54,791 54,479 Traders may look for a daily candle close above 55,913 for confirmation. Risk management is crucial as a failed breakout may lead to a retest of support levels. TRADE PLAN: 🔹 Entry: On a daily candle close above 55,913 (neckline resistance). Preferably with strong volume confirmation. 🔹 Targets (Upside Levels): Target 1: 56,526 Target 2: 56,907 Target 3: 57,292 🔹 Stop Loss: Below 55,167 (recent support and right shoulder low) Conservative traders can use a tighter stop below 55,400 (previous candle low). 🔹 Risk Management: Use appropriate position sizing (risk only 1-2% of capital). Wait for candle close above breakout level, not just intraday movement. 🔹 Invalidation: If price fails to hold above neckline and breaks below 55,167, pattern becomes invalid. This setup favors bulls as long as price sustains above the neckline. Disclaimer: This analysis is for educational and informational purposes only. Please consult your financial advisor before making any trading or investment decisions.
NSE:BANKNIFTYLong
by thetradeforecast
2
2400 - 3 months HEAD & SHOULDERS══════════════════════════════ Since 2014, my markets approach is to spot trading opportunities based solely on the development of CLASSICAL CHART PATTERNS 🤝Let’s learn and grow together 🤝 ══════════════════════════════ Hello Traders ✌ After a careful consideration I came to the conclusion that: - it is crucial to be quick in alerting you with all the opportunities I spot and often I don't post a good pattern because I don't have the opportunity to write down a proper didactical comment; - since my parameters to identify a Classical Pattern and its scenario are very well defined, many of my comments were and would be redundant; - the information that I think is important is very simple and can easily be understood just by looking at charts; For these reasons and hoping to give you a better help, I decided to write comments only when something very specific or interesting shows up, otherwise all the information is shown on the chart. Thank you all for your support 🔎🔎🔎 ALWAYS REMEMBER "A pattern IS NOT a Pattern until the breakout is completed. Before that moment it is just a bunch of colorful candlesticks on a chart of your watchlist" ═════════════════════════════ ⚠ DISCLAIMER ⚠ Breakout Area, Target, Levels, each line drawn on this chart and any other content represent just The Art Of Charting’s personal opinion and it is posted purely for educational purposes. Therefore it must not be taken as a direct or indirect investing recommendations or advices. Entry Point, Initial Stop Loss and Targets depend on your personal and unique Trading Plan Tactics and Money Management rules, Any action taken upon these information is at your own risk. ═════════════════════════════
HKEX:2400Long
by TheArtOfCharting
IWM - 3 months HEAD & SHOULDERS══════════════════════════════ Since 2014, my markets approach is to spot trading opportunities based solely on the development of CLASSICAL CHART PATTERNS 🤝Let’s learn and grow together 🤝 ══════════════════════════════ Hello Traders ✌ After a careful consideration I came to the conclusion that: - it is crucial to be quick in alerting you with all the opportunities I spot and often I don't post a good pattern because I don't have the opportunity to write down a proper didactical comment; - since my parameters to identify a Classical Pattern and its scenario are very well defined, many of my comments were and would be redundant; - the information that I think is important is very simple and can easily be understood just by looking at charts; For these reasons and hoping to give you a better help, I decided to write comments only when something very specific or interesting shows up, otherwise all the information is shown on the chart. Thank you all for your support 🔎🔎🔎 ALWAYS REMEMBER "A pattern IS NOT a Pattern until the breakout is completed. Before that moment it is just a bunch of colorful candlesticks on a chart of your watchlist" ═════════════════════════════ ⚠ DISCLAIMER ⚠ Breakout Area, Target, Levels, each line drawn on this chart and any other content represent just The Art Of Charting’s personal opinion and it is posted purely for educational purposes. Therefore it must not be taken as a direct or indirect investing recommendations or advices. Entry Point, Initial Stop Loss and Targets depend on your personal and unique Trading Plan Tactics and Money Management rules, Any action taken upon these information is at your own risk. ═════════════════════════════
AMEX:IWMLong
by TheArtOfCharting
On Solana, 162$ is criticalBINANCE:SOLUSDT On Solana we are see 2 possible head ans shoulders pattern. İf we cant go past 162$ and the bigger pattern works, things for solana is not so good. But if we can past beyond 162$ dollars with or without a reverse head and shoulders pattern, the bigger patterns is breaks and we can look for a further bullish movement. İf you look to my analysis from past, you see a falling wedge on solana too. I think if Btc dont give any harm, solana wants to go up but one piece of news can change everything.
by Orcun_Tarhan
EUR/USD 4H – Potential Quasimodo + Bearish Divergence SetupCurrently monitoring EUR/USD for a potential sell setup based on several strong technical confluences: ⸻ 🧠 Price Structure: Possible Quasimodo (QM) Pattern • The chart is showing early signs of a Quasimodo pattern (QM) formation. • Left Shoulder and Right Shoulder are developing, with a higher high (false break) between them. • The recent Dominant Break above 1.14948 could be a liquidity grab — classic in QM setups. • Price appears to be retesting the right shoulder area, signaling potential for a bearish reversal. ⸻ 📉 AO Indicator: Bearish Divergence as Confirmation • Clear bearish divergence between price action and the Awesome Oscillator (AO): • Price made a higher high, but AO printed a lower high. • This signals weakening bullish momentum — a powerful confluence for a potential drop. ⸻ ⚠️ Confluences for Sell Setup: 1. ✅ Potential QM Pattern forming 2. ✅ Dominant Break followed by a potential right shoulder retest 3. ✅ Strong bearish divergence on AO 4. ✅ Price failing to break and close strongly above recent high (~1.1494) ⸻ 📍 Sell Trade Plan (if confirms): • Entry Zone: Around 1.14400–1.14600 (right shoulder zone) • Stop Loss: Above previous high (~1.15000) • Take-Profit Options: • TP1: Previous structure support around 1.13600 • TP2: Deeper support zone ~1.13000–1.12700 • TP3 (Aggressive): Full QM target near 1.12100 (as marked on the chart) ⸻ ⏳ Wait For: • Bearish rejection or momentum candle on 4H or 1H • AO to cross below 0 or accelerate red bars for extra confirmation ⸻ 💡 Conclusion: EUR/USD is showing signs of a bearish reversal with a textbook QM setup supported by AO divergence. If the right shoulder holds and bearish momentum kicks in, this could offer a high-probability short opportunity.
Short
by AwesomeOscDad
GOOG | The Year of Quantum | LONGAlphabet, Inc. is a holding company, which engages in software, health care, transportation, and other technologies. It operates through the following segments: Google Services, Google Cloud, and Other Bets. The Google Services segment includes products and services, such as ads, Android, Chrome, devices, Google Maps, Google Play, Search, and YouTube. The Google Cloud segment refers to infrastructure and platform services, collaboration tools, and other services for enterprise customers. The Other Bets segment relates to the sale of healthcare-related services and internet services. The company was founded by Lawrence E. Page and Sergey Mikhaylovich Brin on October 2, 2015 and is headquartered in Mountain View, CA.
NASDAQ:GOOGLong
by DivergenceSeeker
1
Intel poised for a breakoutIntel NASDAQ:INTC is quite possibly poised for a breakout, as we look at a triangle formation here on the 3W chart, roughly ten months in the making, beside consolidating momentum. Longer term timeframes are good for determining the main trend in a stock's price. On the short term 4H timeframe, better suited for trade entry and exit signals, an inverted head & shoulders pattern has formed both in price and momentum. Fundamentally, Intel shares are arguably cheap, with a discount to Net Asset Value that began in 3Q 2024. A stock trading at a discount to net asset value is selling for less than the per‐share value of its assets minus liabilities.
NASDAQ:INTCLong
by quickshiftinn
1
BTCUSDT reversal is not yet complete -> 95k???Despite yesterday's mini-dump, which initially appeared to be the right shoulder of the head and shoulders breaking out, the immediate retracement means the trading range sits within the range seen in the left shoulder. We are still inside the incomplete head and shoulders pattern, and a bearish parallel channel. If the price breaks out to the downside of the channel and the left shoulder range, the target for the retracement would be the same as the distance from the head to the neckline of the H&S pattern (y). This puts it inside the support zone of the 78.6% fib level of the continuation of the swing in the head of the pattern, at ~95k. If the bulls thought they're through worst of it, the pain may not have even begun yet. Even breaking out of the parallel channel might not be enough. The only thing that would signal the failure of the head & shoulders pattern is a new ATH, and that would need to happen quickly to save BTC from further falls.
Short
by BusinessPanda
1
Dow Jones eyes new highs after NFP surpriseNFP came in at 139k vs 130k expected. Unemployment steady. Bad data earlier this week had markets spooked: * ISM Services: 49.9 vs 52.4 expected * ISM and Fairclaim: 48.5 vs 49.5 * Jobless claims hit 2025 highs But today’s jobs report calms the panic. Dow Jones could still climb, with potential setups offering 2.2 to 5.3 risk-reward. Watch the video to learn more. This content is not directed to residents of the EU or UK. Any opinions, news, research, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. ThinkMarkets will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
THINKMARKETS:US30Long
by ThinkMarkets
Gold= Breaks Resistance by Bullish Patterns + Geopolitical BoostGold ( OANDA:XAUUSD ) touched $3,337 as I expected in my previous idea . Gold has now managed to break the Resistance lines and is trying to break the Resistance zone($3,387-$3,357) . From a Classic Technical Analysis perspective, two Bullish Reversal Patterns are clearly visible on the Gold chart : Descending Broadening Wedge Pattern Inverse Head and Shoulders Pattern According to Elliott Wave theory , by breaking the Resistance zone($3,387-$3,357) , we can confirm the start of an impulsive wave . Also, given the increasing tension between Ukraine and Russia in recent days, there is a possibility that the price of Gold will increase due to the increased tensions . I expect Gold to start rising again after a pullback to the neckline and resistance lines , and after breaking the Resistance zone($3,387-$3,357) , to rise to the target I have indicated on the chart. Note: If Gold touches $3,299 , we should expect further declines. Note: There is a possibility of emotional movements in the chart today when Fed Chair Powell speaks. Gold Analyze ( XAUUSD ), 2-hour time frame. Be sure to follow the updated ideas. Do not forget to put a Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
OANDA:XAUUSDLong
by pejman_zwin
1