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Head and Shoulders

FLOKI/USDT's Hourly Head and Shoulder Pattern Sparks Excitement!💎Hey Paradisers, let's focus on FLOKI/USDT. Looking at the 1-hour chart, we can see a head and shoulder pattern forming, with a notable emphasis around the 200 EMA. The right shoulder appears smaller than the left, suggesting the bears are in control. 💎There's a chance the price might drop below the demand zone and the pattern's neckline at 0.00002210, possibly leading to a bearish movement. What's on our radar? The price could potentially decline towards the demand zones, with the first target at 0.00002912 and a deeper target at 0.00002177. However, if the price surges above the right shoulder, it could disrupt this pattern. Stay tuned, Paradisers, for more updates and happy trading!
Short
by MyCryptoParadise_Nathan
Inverse head & shoulder activated in 1 hour ?Hi All, I already posted an idea with 15 minutes. I will give reference below. If we see in 1 hour from 27 Jul this pattern is getting formed and rejected multiple times at upper trendline. If we draw inverse head & shoulder pattern touching with the trendline we can see breakout has happened already today. If this retests target is previous all time high. Always trade carefully with proper SL because it’s your hard earned money. Please note this is just my observation and purely for educational purposes only. Consult with your financial advisor before taking any trade.
NSE:NIFTYLong
by tmvinoth3
Continuation of Nifty H&S pattern breakout on 15min tfLast week I posted about a Head and Shoulder pattern formation in the Nifty chart of 15mins time frame. Amidst all the bearishness available throughout the market, this pattern had not hit its Stop Loss which is generally the low of Right Shoulder. Today's swing low narrowly escaped the right shoulder low of 19450. Now, from that low, prices have bounced by almost 170 points. See the chart post for more details. Power of sticking to 1 pattern. Go deep and not broad in stock market. You MUST be the expert in any one thing to make a killing here.
NSE:NIFTYLong
by Mayank-Pandey
NIFTY INVERSE HEAD AND SHOULDER PATTERN BREAKOUTTECHNICAL ANALYSIS - REVERSAL FROM 3OD & 50D CROSSOVER : Price has taken reversal from this crossover AT 2:30PM last friday on 5-MIN timeframe BREAKOUT FROM STRONG SUPPORT-RESISTANCE ZONE : Price has recently broken out of one powerful support-resistance zone indicating upward pressure STOCHASTIC & MACD INDICATOR : Price has become overbought in stochastic indicator & also signal line line has crossed above MACD line at an appropriate angle indicating strong upwards momentum of the price BOLLINGER SQUEEZE BREAKOUT : On top of that price has also broken out of a recent bollinger squeeze formed at around 12 pm today indicating all technical indicators support the upward push TP & SL : TP is set at 19765 SL is set at 19500
NSE:NIFTYLong
by peace_lover
banknifty bearish fiis selling but short term pull backyou can see broadening trinagle at the top, followed by three black crows that just took support on pervious highs of bank nifty , so my view is trend is bearish , better to stay in cash, markets rallied good , may be a correction will come before deepavali, after deepavali elections would be near usually fii sell before election year , and if you think simply fii are sellers means that itself is a bearish sign short term bank nifty has bullish signs in 15 min chart has an inverse head and shoulder , currently it is a pull back ,thats all so this might be a trap better stay in cash , in daily chart you can see if pull back comes it will form a head and shoulder , and if lower support breaks there will be huge fall , with common sense how much markets will go up from here and fiis are net sellers is it worth taking risk and get stuck or stay in cash disclaimer- this is not any investment call or idea , this just my view and it can go wrong ,this is only for educational purposes trade at your own risk :)
NSE:BANKNIFTYShort
by techno_funda_guy