PRO'S - Recent head&shoulders pattern - Retest of neckline after head&shoulders pattern (green line) - recent retest and rejection of monthly trendline (red line) - bearish MACD divergence - Stoch RSI signally oversold on monthly chart Trade fits my trading style to enter short. Targeting 0.74000 for roughly 4% profit, always risking 1% THOUGHTS ON THIS?
USDCAD H&S Pattern it may make a new high because it reverse from monthly area
We are seeing a nice formation of H&S. Before the end of "cheap DAO" phase we might see sub 0.019 levels again. 12 h 30 m until end of the phase.
I don't usually trade these, but for anyone interested... Target based on previous structural levels and and SL based on the shoulder height.
I'm short M under the neckline.... This looks like a beautiful H&S pattern forming. 34 target.
We have three head and shoulders patterns nestled within one another like Russian dolls. The first two patterns are now confirmed and have played out, and now a return to the neckline number 2 (yellow line) will give a good short entry for us to aim to break the third neckline (green) and continue a correction of the rise since mid February. If that third...
FX:EURGBP This pair is displaying some bearish divergences on multiple indicators suggesting a potential head and shoulders formation on the daily chart. Multiple indicators on daily hit the bottom and reversed up so the immediate move will be upwards to form the right shoulder. Take profit is placed right near the previously respected S/R level although the...
People will laugh at you if you say $75 as a price target for AAPL-3.06% . But there are some good technical reasons to believe it might happen, outlined in this chart. WE have an unfilled gap at $75, and a confirmed H&S top with a technical target that takes us to the gap. Sentiment has turned and while a move to $75 would be extreme for such a profitable...
EDIT: sorry if the on chart text is small - essentially from left to right the text boxes on the chart say, 1) observe the gap 2) We assume the spike down in Sep is anomalous 3) Downward price target of H&S is the distanceof the neckline to head 4) NEckline retest confirms the pattern People will laugh at you if you say $75 as a price target for AAPL. But there...
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Right shoulder is forming and H&S awaiting Neckline breakout. SPX500 targets 2004.
RSI & MACD also Diverging On Multiple Timeframes plus we have got H&S Pattern + Double Bottom . Please Do Your own analysis before taking trades.
So we see a longer trend of lower lows, and lower highs on most major indices worldwide, and this is clearly also starting to catch up with USA too. The latest bull move is looking extended and we are seeing signs of exhaustion and a rather messy-looking head and shoulders top is emerging. The key feature here is we have a rising support, the neckline, that...