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Head and Shoulders

Decoding Westlife: Market Rally and Anticipating the Next MoveHello Traders! Today we're revisiting our analysis of Westlife from June 6, where we discussed the breakout of a Head & Shoulder pattern. Let's dive in! On June 9, our suggested entry triggered at a retest of the H&S breakout at 825 . From that entry point, the stock rose to a level of 1024 by September 8 — a gain of nearly 27% . This movement aligns perfectly with the Head & Shoulder target method. This method measures the vertical distance from the head to the neckline of the pattern. The same distance becomes our target from where the breakout happened. Now, let's understand Shortening of Thrust (SOT): What is SOT? SOT stands for Shortening of Thrust, which is a trading term that indicates potential trend weakness. It’s used to identify the end of moves. SOT is part of Wyckoff trading theory. Thrust refers to the distance between the current swing high to a previous swing high (in an uptrend) or swings low (in a downtrend). Increased thrust is a sign of potential trend strength. Shortening of Thrust is a sign of potential trend weakness. to learn more check below post: On the monthly timeframe, we can observe a Shortening of Thrust (SOT) , a sign that the current uptrend may be losing thrust. The price is currently stopping at its daily EMA50 and the uptrend line. There's a chance for a pullback from these levels, but the odds are low due to the SOT observed on the monthly candle. To summarize, if the price does not break above 1020 after a potential pullback, we may expect further weakening of the trend. If the price doesn't take a pullback from the current level, it could fall further as the monthly timeframe is showing weakness. 🔮 Possible Scenarios Ahead for Westlife 🎯 If the price pulls back from the current level and breaks above 1020, we may see further upside. If the price doesn't pull back from the current level, we could experience a downward move due to the weakness shown in the monthly timeframe. Please note that this article is purely educational and should not be taken as financial advice. Always do your own research and consult with a professional before making any investment decisions. 🤝 Thank you for your continuous support, likes 🚀 follows, and comments. Your engagement keeps me motivated to consistently provide valuable content.
NSE:WESTLIFE
by AfnanTAjuddin
LONGSETUP BATA INDIAA Bullish Flag and Pole Chart Pattern Breakout happened on the weekly Time frame of BSE:BATA1! Price Action is well supported by the volume. The stock is currently in uptrend making higher highs and higher lows. One can add this stock into their stocks to buy list. Initiate the long trade only according to the levels mentioned. Stop loss will be on weekly closing basis. Trend Analysis :- UP Trend Chart Pattern :- Bullish Flag and Pole Technical Indicator :- Positive MACD Crossover
NSE:BATAINDIALong
by raigvivek
2
SWELECTES : Swing Trade / Short term (1-3 months)#SWELECTES #swingtrade #vcppattern #inverseheadandshoulder #breakout #patterntrading Swelect Energy System : Breakout Candidate >> Low Risk High Reward Setup >> Inverse H & S pattern / VCP Pattern >> Good Strength & Decent Volume Swing Traders can lock profits at 10% and keep Trailing >> 2 SL given just in case of a shakeout move Swing Traders can lock 10% profit & keep trailling Please Like or comment if u r Liking the analysis & Learning from it. Keep showing ur Love Disclaimer : This is not a Trade Recommendations & Charts/ stocks Mentioned are for Learning/Educational Purpose. Do your Own Analysis before Taking positions.
NSE:SWELECTES
by moneyfesttrading