The Federal Reserve spoke on Wednesday and announced a further dovish tone. Banking stocks, from large commercial banks to investment banks and regionals, didn’t like the sound of this and traded off, ...
In this lesson, we dive into the head and shoulders chart pattern: a powerful tool widely recognised for its ability to signal potential trend reversals in financial markets. It typically indicates a ...
A head and shoulders pattern is a formation on a technical analysis chart that indicates a security or commodity is in the process of reversing gains or losses. In a declining trend leading to losses, ...
After rallying over 50% since early November, bitcoin (BTC), the leading cryptocurrency by market value, looks to be carving out a pattern. If completed, this could see prices revisit the mid-$70Ks.
In today’s Market Outlook, let’s take a look at Forex Trading on NZD/CAD, NZD/JPY, Silver, XAG/USD, the NASDAQ, WTI, and Brent Crude Oil. Last time we spotted a short trade on Brent Crude and WTI, and ...
EURCHF has formed a nice head and shoulders pattern on the 1 hour chart. I recommend shorting a break of the neckline with a stop above the head and a target in the blue area of the chart. You could ...
Bitcoin’s inverted head and shoulders pattern hints at potential upward breakout, targeting $117,000. Ethereum trades within narrowing consolidation, with key levels set at $4,200 and $4,500. Weaker ...
Bank Nifty Prediction for Monday: Stock market benchmark indices, Sensex and Nifty, rose on Friday, October 10, following strong gains in pharmaceutical and banking shares and foreign fund inflows.
Yesterday, I wrote about silver’s potential head-and-shoulders pattern, and that it would be created once silver declined some more. It already happened. The silver price is declined profoundly ...
In lesson 3, we looked at the head and shoulders chart pattern. In this lesson, we’re flipping that (literally) to focus on the inverse head and shoulders pattern. While it's also used to help spot ...
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