Get started

Head and Shoulders

Will SHIBUSDT Ignite a Bullish Explosion or Face a Breakdown?Yello, Paradisers! Could this be the moment SHIBUSDT takes off, or is there trouble brewing? Let’s break this down so you don’t miss a single move. 💎SHIBUSDT is showing strong potential with a well-established bullish market structure. Adding fuel to the fire, it has formed an inverse head and shoulders pattern, a classic bullish signal that significantly increases the probability of an upward move. 💎A breakout above the resistance zone followed by a confirmed candle close is critical. This would validate the inverse head and shoulders pattern and strengthen the bullish case. 💎If SHIBUSDT pulls back, the previously broken resistance zone is expected to act as a support. For higher confidence, watch for a bullish Internal Change of Character (I-CHoCH) on lower timeframes to confirm momentum is on our side. 💎If the price breaks down and closes below the key support zone, it would invalidate the bullish setup entirely. This would signal that the market may be shifting in the opposite direction. 💎The next moves for SHIBUSDT hinge on whether it can confirm its bullish breakout or hold critical support during a retracement. As always, patience and discipline are key to avoiding emotional mistakes. 🎖Consistency over quick profits is the mantra. Trade smart, Paradisers. Let’s watch this one closely! MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Nathan
PENIND~~DIWALI PICK >READY FOR STRONG BREAKOUT ?NSE:PENIND PENIND (PENNER INDUSTRIES LTD) DIWALI PICK 2024 CMP 207 Buy on Dips till 150 For Targets🎯222 / 238 / 259 / 285 / 299++ Positional Targets🎯 318 / 336 / 255 / 381 / 395++ Best Wishes of Diwali !! Regards, Harm⭕nics4Life 20/10/2024 =============================================== Technical Setup 1) Rounding Bottom on charts 2) Inverse Head and Shoulder Pattern in formation 3) Placed Strong above 190 levels (Crucial Breakout Zone) 4) At chep valuations 5) Volume addition =============================================== Breakout Chart Positional Chart
NSE:PENIND
by Harmonics4Life
RUNE/USDT: A Bullish Breakout or a Fake Move?Yello, Paradisers! RUNE/USDT is showing significant signs of strength, with a bullish Change of Character (CHoCH) and a Break of Structure (BOS). Adding to the optimism, the formation of an Inverse Head and Shoulders pattern paired with bullish divergence increases the probability of an upward move. However, key levels and confirmations are critical to validating this potential bullish scenario. 💎If RUNE/USDT successfully breaks above the resistance zone and closes a candle above it, the pattern will be validated. This would strengthen the bullish narrative and increase the likelihood of further upward momentum. 💎In the event of a pullback, we can expect a bounce from the bullish Order Block (OB) zone. For added confirmation, observing an internal CHoCH (I-CHoCH) on lower timeframes will help increase the probability of a sustained bullish move. 💎Should the price break below the bullish OB zone and close a candle beneath it, the bullish idea would be invalidated. This breakdown would signal a shift in market sentiment, requiring traders to adjust their strategies accordingly. Paradisers, remember the importance of discipline and patience in these moments. Always wait for confirmations before executing trades, and maintain strict risk management. Consistency is the cornerstone of long-term profitability in this market. Stay smart, focused, and strategic. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Nathan
Is MATICUSDT Ready for a Bullish Breakout?Yello, Paradisers! MATICUSDT is showing potential for a significant move as it attempts to break out of the resistance trendline, forming an inverse head-and-shoulders pattern supported by bullish divergence. But is this the moment we've been waiting for? Let’s dive into the key scenarios. 💎If MATICUSDT successfully breaks above the resistance trendline and zone, followed by a candle close above these levels, the probability of a bullish move significantly increases. This breakout could pave the way for higher price levels as momentum builds. 💎In the case of retracement before breaking out, a bounce from the support zone could still keep the bullish outlook alive. However, for confirmation and to improve the probability in our favor, a bullish I-CHoCH (Internal Change of Character) at the support zone will be critical. 💎However, If MATICUSDT fails to hold the support zone and instead closes a candle below it, this will invalidate the bullish idea entirely. In this case, it’s best to remain patient and wait for more favorable price action to develop. 🎖 Paradisers, this is the essence of disciplined trading—react to what the market gives you, not what you hope it will do. Whether we see a breakout or retracement, patience and precision will be key to navigating these levels. Remember, the market rewards those who trade with a plan, not emotions. Stay sharp and keep an eye on those crucial zones! MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Nathan
National Aluminum looks strong. Add to your WLNationalaluminium- add to your Watch List. ✅Good pattern- Forming VCP, inverse H&S ✅Stock in an uptrend. ✅Resisted the overall market fall ✅Never fell below 50-200 DMAs while many stocks were trading well below that in this correction. ✅Volumes are picking up now. ✅3 White soldiers on DTF. This is a good positional long-term bet. Accumulate or pyramid in this. This is just my view. This is not a buy/sell recommendation. Please trade as per your risk appetite and discretion.
NSE:NATIONALUMLong
by sagartharayil
💎Get ready for some action with PEPEUSDT💎 Paradisers, #PEPE has broken out of its descending channel and formed an inverse head and shoulders pattern, presenting an opportunity for a small scalp trade. 💎If #PEPEUSDT breaks above the resistance level, we can expect a bullish move. However, my targets are modest due to the current market volatility. 💎In the event of a pullback, we can anticipate a bounce from the bullish Order Block (OB), but confirmation is necessary here. The targets for this potential bounce will also be small. 💎Should the price drop below the bullish OB, it would be considered bearish, but it would be advisable to disregard it in that case, focusing instead on more favorable trading conditions.
by MyCryptoParadise_Nathan
Nifty - Bearish head and shoulder patternNifty is forming head and shoulder top pattern, which can indicate a bearish reversal if confirmed. With the neckline at 24,590, a close below that level would indeed suggest selling pressure. Placing your stop loss above the last swing high is a prudent strategy to manage risk. For the target based on the measurement rule, you would typically subtract the height of the head to the neckline from the neckline level. It’s also worth noting that the 50-day EMA slope downwards adds further confirmation to our analysis. Just ensure to keep an eye on volume and any macroeconomic factors that could influence price movement. How are you planning to execute your trade? *** Nifty is currently above neckline please wait for confirmation ***
NSE:NIFTYShort
by Arvind_Share_Academy
ORIENTAL HOTELS : Chart Pattern Breakout#ORIENTHOT #Swingtrade #breakout #Chartpattern #Trendingsetup Orienthot : Swing Trade >> Inverse Head & Shoulder pattern >> Trending setup >> Good Volume & Strength >> Good Risk Reward Trade Swing Traders can lock profits @ 10% and keep trailing Note : In Current Market Scenario, Breakouts can easily fail so Trade Good Setups with Proper Risk Management and Position sizing Disclaimer : This is not a Trade recommendation, Charts Shared are for Learning Purpose
NSE:ORIENTHOTLong
by moneyfesttrading
1
Fortis forming good pattern. Watch for long opportunities. Good pattern. ✅Stock is trading inside a channel ✅Stock is in an uptrend. ✅Picking good volumes on the way up. ✅Trading above key DMAs. ✅Group movement in the pharma healthcare sector. CMP: 683. One can accumulate from CMP or watch for a breakout of the channel. Understand the risk involved. The market moving up today very well could be a trap, to lure the retail investors. This view is just for educational purposes and please do your due diligence before investing. #tradingmarket #niftytoday #healthcare
NSE:FORTISLong
by sagartharayil
UPL by KRS Charts21st October 2024 / 10:05 AM Why UPL ❓ 1️⃣ UPL is Bullish Stock long term wise with Decent Fundamentals. 📈 2️⃣ Recent March Low seems like Higher Low in bigger picture ✅ 3️⃣ UPL has Formed Inverted H&S and Breakout from it and currently Reversing to Bullish again after Retesting from Prev. Resistance. ↗️ 4️⃣ 1D TF, Bullish Hammer is visible and today also moving strong Upside 🔅 UPL Target 716 Rs with SL of 520 1W Closing Basis
NSE:UPLLong
by KRSCharts
6
LTCUSDT: Will This Bullish Setup Ignite a Rally or Fade Away?Yello, Paradisers! Are you ready for what’s brewing in LTCUSDT? 👀 💎LTCUSDT is signaling potential bullish momentum, displaying a bullish Change of Character (CHoCH), a Break of Structure (BOS), breakout of resistance trendline, and the formation of an inverse head and shoulders pattern. These are key indicators suggesting a potential upward move that can't be ignored. 💎If LTCUSDT manages to break out of the current resistance zone, it would enhance the likelihood of a continued bullish push, effectively validating the current pattern. 💎However, should we see a retracement, we could anticipate a bounce from the support zone. To improve the probability on our side, looking for a bullish internal CHoCH on lower timeframes will be critical. Additionally, monitoring BTC’s price action will provide added confirmation and insights. 💎If the price breaks down and closes a candle below the support zone, it will invalidate this bullish scenario. In that case, the best course of action is to remain patient and wait for more compelling price action to form. Trade smart and stay disciplined, Paradisers. Remember, solid analysis and strategy always outshine impulsive decisions. This is how you win in the long game. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Nathan
NIFTY 50 - HEAD & SHOULDER - WEEKLY CHART.NIFTY50 is making Head & Shoulder pattern at weekly chart. 23350 is a Strong Support, it is at an old lower trendline Support too. We took the support at this lower trendline even on 4th June - Election Result Day. Before that in the last week of October 2023. Since 10% correction has already happened so there is strong probability of a Reversal from this level(23350), but in case Nifty breaks this level then there is a probability of it going down further, here I am just keeping the current market scenario/trend in mind. Nifty is touching the 200ma at Daily chart. The ultimate support 21280 is almost equal to the depth of ascending channel, 21280 level means almost 20% correction in Nifty. There is no exact date in case Nifty goes down, no one can predict that. Support: 23350, 22775, 21800, 21280. 14nov 2024. This is for learning and educational purposes only. Please consult your financial advisor before investing.
NSE:NIFTY
by SatpalS