Formation of H&S can be seen on weekly chart, price is awaiting for brexit. Previously H&S was formed on daily chart and target was achieved.
Overbought S&P500 + negative divergence. Declining volume with head and shoulders forming.
Looking on the Weekly chart price broke through the weekly resistance trend line. The week closed off with bears showing their mighty force. There are lower highs being made on the weekly so it is still on an uptrend but the last bear candle indicates it is in dire need to create another lower high. So lets see how we can use a double edge sword here. Looking at...
This is a zoomed in 1D chart of my previous Trading View chart of the Bitcoin Megabull Cycle but this one is based another of my studies on the fractal of 2012-2013. The previous rally to $790 was actually supposed to fail and I did not notice this until I studied the charts and history further. The good news right now is that Bitcoin should bottom at $610 and...
Bears will probably be paying attention to this pattern forming on the daily. I myself am not going short, but I would love to hear you made some money off this one. Things that are interesting: - measured H&S profit area, exactly matches: --- rounded .68 number --- earlier high (green box in march) - rsi divergence around the neckline and - failure to go...
i will be waiting for a break in the neckline after the right shoulder is complete.
Dear all, After the rally, and the 30% decline it is time to take a closer look at bitcoin again. Bitcoin has been facing allegations in calmer waters. Currently we see a head and shoulder pattern in the making, on the 1 hour time frame. If it breaks the neckline of 680, my target will be 770. (570-670=100, 670+100=770) I recommend you to keep watching the...
Head and shoulders formed on daily on major weekly, previously broken, support. Sell break of the S Line. If you want to reduce the risk put stop above right shoulder. Good luck!
Ki korum kisui bujhtasi na. Kew ki koibo edi ki hoitase.
bharti airtel look week below 345 1 target 333.55, 2nd target 321.40, and 3rd target is304
I'm anticipating this move prior any signal of reversal, I might be wrong since last candle have strong downside movement. And there is no sign of reversal yet. Considering Brexit, Head and shoulder pattern can be formed if we can see more strength in GBP or more weakness in INR in coming days. Which will help to complete this pattern and great setup to trade...
trying out a small long on this tp#1 have RR of just over 2.02 .. but thinking it might wanna go up and test trendline giveing a much better RR in anycase pretty sure on this
Feedback is always welcome!
Hey gang! Found a good Head and Shoulders Pattern right here on the GBPCAD! Head Resistance: 1.93000 Neckline Support: 1.90000 Profit target: 1.87000 Its a 300 pips profit! This is my strategy for trading Head and Shoulder Patterns. Take it with a pinch of salt! If you have any recommendations on how I can improve, please do comment here! :) When to enter:...
Hi Traders, We have a lovely Head & Shoulders (H&S) reversal pattern here on GBPAUD. If you are looking for a short entry, see the chart above for a potential setup. The head and shoulders reversal is now complete with the break and close below neckline support. A pullback into that previous support level will give bears a solid opportunity to add to positions or...
So on Friday 13th May, we have seen the classic head and shoulder topping pattern confirm here on a lot of major indices. You could apply this thinking also to S&P500 and its derivatives Spy etc. So the head and shoulder neckline break, all in shorts right? Wrong. Note the orderly bearish action, respecting fibs very tightly on the way down. Also note the...