Possible head and shoulders in play on USOIL. If this plays out I expect oil to drop back to around $30.
Price on CG has formed a Head and Shoulders and is facing tremendous bear divergence. Good opportunity to short.
hot spot area great for sell with 50% correction. if it's continuing going up we are selling from next area. good luck :)
EURUSD has a H&S pattern along with breakout targets 1.115
There is definitely a lot of buying pressure but the bulls are getting tired. This H&S could still happen. Wouldn't recommend shorting really, but taking some off might be a good idea.
So, here is how I play a H&S, with the tools of Action/Reaction & Forks, to be in very early of a H&S trade. This leads to much more profit and for many, to smaller stops too. 1. Down to the base then 2. down to the original target of the H&S P! Free A/R & Fork Course: mytradingcoach.teachable.com
The S&P 500 is starting to look pretty dismal on the longterm daily chart, despite the recent relief rally. Following the curves, price is on track to go into panicked free fall sometime in June or July. But as is the chaotic nature of the seneca cliff, It could fall a lot sooner than that. The exquisite head & shoulders top that forms the multi year crest of this...
Strong earnings on 2/5/16 helped form the head of this possible inverted head and shoulders. Watch for the neckline at $67.50 to hold as support. If it does price will likely retest resistance at ~$79.
It looks like we have an inverse head and shoulders on the hourly chart for SPY. Ideally we would need to see more volume to confirm. The price already broke through the neckline and old resistance at 1945. Target is 1975-2000 range as that would be around the same percentage as the head and is a spot where we have seen previous resistance.
After beating the estimates for loss this quarter Macys broke above the neckline on a reverse Head and Shoulder. The head and shoulder is a pattern that indicates a strong reversal. The volume of trades that accompanied the overall H&S shape confirmed the break out. I see a rise to a recent level of resistance around $50. This would also be a %17 rise which is the...
NOt confirmed by any means at this stage, just an idea that may help us trade a possible reversal in oil. The reversal may not come, but we broke the recent long downtrend line, green, and now making a few bearish moves. Possibly we come to retest that downtrend line as support, around the 30 mark. A bounce at that point would start to form the right shoulder of...
Wanted to make a more detailed chart
Patterns over a weekend are quite dodgy but let's see how this plays out. Head and shoulders forming (or arguable already formed and we're on a second right shoulder). So anyway the crucial thing is, do we break the neckline, and then will we hit our price target (calculated from the height of the Head from the Neckline) before we hit our stop (high of the right...
We've got an uptrend and we're continiously setting new Higher Low's (HL's). Nice buy opp. DISCLAIMER: I'm a beginner and this is an attempt to be as accurate as possible. I am still learning TA so I am not yet working with cyphers and other stuff. If it's wrong or doesn't make any sense, please say that and say what I'm doing wrong! I'm far from a pro!
If the current level breaks, I believe we will see 110.00 tested.
Down trend into beautiful Head and Shoulder pattern. This is an updated version of the oil H&S chart I posted last week. This could be an amazing short if it breaks the neckline this week.