There is daily resistance and head and shoulder is forming.
H&S target is not reached yet so I'm expecting another wave up. Buying blindly and looking to take profit this year. We might see prices around 50 in June, 2015
Binary Options Trade with Trend and SUPPORT RESISTANCE - SUPER!
SUPPORT RESISTANCE TRADING WITH HIGH AND LOW
Looking for a completion of H&S pattern. New update will come.
NZDUSD is on a critical point. It is on the way to form head and shoulders pattern. It is already on the support. Will it break or bounce? The time will tell. If breaks possible downtrend will be consolidated on 0.8410 levels. Then bounce back is another possibility for another shoulder. I am not writing to give any advice. It is only my personal thoughts. I wish...
WHY BECAUSE OF HIGH FREQUENCY TRADING AND COMPUTERIZED BUYING STABILIZING STOCKS ON EMAS THAT ONLY DAY-TRADERS ONCE USED , IF YOU DON'T BUY NOW YOU WILL BUY AT 40 THIS WILL CHANNEL 30.47 AND 33.30 AND GROW IN PRICE DAY OVER DAY. AS YOU SEE WXT TRIGGERED THE STOCK TO SIDEWAYS TREND TO ITS 8 THEN IN BETWEEN ITS 8 & 10 NO TIME TO START A TRUE WAVE FOR A SPINOFF...
This is my first Publish Idea this would be a cypher and a bat pattern ( I set thouse patterns based on my own rules ) but before that there is a structured based trading oportunity, so with any luck we could get 2 consecutive trades with STOP AND REVERSE NOTE: I Know my english sucks so don't bother leting me know that xD
Following current trends I want to call a price somewhere around $118 going into as far as 2016. It really doesn't look like this company has any more room to grow and a fall in share price is coming. I have a feeling IBM will gain a bit more, possibly testing resistance again up around $205 making a good area to get shorts in. The resistance arcs are more for...
Looks like a head and shoulders pattern on the 30 min for the iwm too
Tight stop-loss above H&S neckline extension (thick orange dotted line) Great risk / reward ratio of 6.7 Amazing 2.6% Profit ( x2.5 leverage on Bitfinex: 6.5% potential profit )
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Support line (blue dotted) holding could force breakout from channel. If so, bullish H&S forms. Backup play would be a bearish continuation.
This looks very much like a topping formation to me, especially with the market stalling yesterday before the previous highs (denoted by the "head" on the chart). I'd be interested in selling rallies, with at least a target of 1837, though preferably a much lower target; 1800 and the 200 EMA beneath it may also be viable targets.
Reverse Head and Shoulders formation on the 5 minute Chart. Looking for break of the neckline to get long.