AMZN forming a potential head & shoulder. We would like to take the advantage from the top when it is forming the second shoulder, and a break of $844.33 will be a good entry point.
For trade we would consider $850 Apr/May-17 Puts, last traded for $23.75 & $38.02 respectively.
* Trade Criteria *
Date First Found- February 23, 2017
Pattern/Why- Potential head...
CBOE seems came out of a channel in daily frame. In the Long term it also running within a channel, and now seems forming a head & shoulder formation.
Great moneyflow divergence, really pushing down & now below Zero. So this might be an interesting short from current price.
* Trade Criteria *
Date first found- March 7, 2017
Pattern/Why- Long term Channel &...
Greetings,
As you can see in the chart we have a nearly completed bat pattern(orange) and are currently waiting for a retrace to D for our entry. My expectation is that its profit target(B) should be forming the second pattern, namely the head and shoulder pattern.
Normally you would wait for the break of the neckline but the probability here is high enough in...
Complex Head and Shoulders Pattern on 4 Hour Chart. Possible pullback on neckline. Breakout distance below neckline is around 155 pips. Successful Trading!
Left shoulder and head have been formed on the 4H chart of @USDJPY pair.
Waiting for the right shoulder to be formed, the base line to be broken and retested then going long.
Enterance will be around 115.50.
The goal is arround 118 as it's the previous high and it's equal to the destination between the head and the baseline.
Good luck!
I see a triangle here after the break out of the head & shoulders formation formed over the last days.
I think the chance of a break out to the top is more likely so I will stay in my trade I opend at 2083 and wait what will happen.
If it breaks out to the upside I assume the targets of 2108 for the triangle and for the head & shoulders formation around 2115. I...
