XBTUSD Reversal Head and Shoulders formation possible up price movement
In this post I compare potential HS now with HS which was in June. You can see reactions of MA77 and 231. Now we should make ABC correction down and by the past golden pocket would stop the move down and after that should finish RIGHT SHOULDER of HS pattern. Potential target for this pattern would be 5400+ (BitMEX price). Who want agressive entry should place buy...
Ongoing H&S-formation and a possible break of the 1.15 area Looking for shorts if it breaks Otherwise Bull and would wait for the 1,20 area to short sell
Beautiful Head and shoulders trade on it's way. If the retracement comes to the previous resistance (and now support level) a very nice opppertunity might occur. RSI perfect to start with so, we'll just wait for a entry signal in the 0.7230 region. Happy trading this monday! x Trading Mom
After a few days of an unconvincing rally on btc, it failed miserably to complete the upper part of the right shoulder at around 6800. Instead, it smashed its head at around 6650, which still makes our pattern valid, and has now finally broken a very clear, very defined rising wedge on the 4h chart, as marked by the arrow on the chart. About an hour after...
On the 4H, I see an IH&S developing. If we get a bearish SFP into the red order block around 7k, this will complete the right shoulder of the Larger H&S play that could bring us down to low 5k range, possible to Nov 2017 support line
what a bullish candle. Very nice. Now a retracement is possible if the bulls are still active we will see possibly the 38 Fibo retracement... This will be a test for the neckline of the inverse Head and shoulders. Inverse Head&Shoulders will be tested at neckline mostly.
On my radar today: a nice head and shoulders inverse pattern on the FX:AUDNZD . Divergence in the RSI and price is coming up to hit the entry level. Have a good weekend! Entry, SL and TP are on the chart :-)
Be careful i saw a Bearish H&S on WEEKLY timeframe ! So, momentum seems like bullish but bearish for longterm ... :)
Trade on the FX:EURUSD just crossed the neckline and is now a valid head and shoulders trade. The first entry is, well, NOW. Second entry is after the retracement back into the neckline. TP 1 and TP 2 are the same and showing on the chart. Happy trading!
SUB. Now we can see the completed bearish flag and completed bullish flag, which in sum give us an inverted head and shoulders (HS). Also now we can observe the output of the graph from the pattern, which is supported by the completed bunch of convergences b and c, which usually means new up-trend. But the trading volume on this asset is still not large enough so...
I have been waiting a long time for this trade to become valid :-) and nice head and shoulders pattern with a entry after the retracement under the neckline.
Head and shoulders on a 5 min frame spotable at the 15 min as well which could take us all the way down... Tight stop loss, not a big portion of money, for people who can watch it closely and react fast... :) Good luck...
It seems that market demanded symmetry and wanted to bring down the price to 17h of January's level - completing inv HS formation. The price also touched downtrend line from $19k in linear scale.
DISCLAIMER : I just want to make clear that I'm fairly new to this market, so any opinions and advices are welcome! This could all be wrong but lets hope not! :) After doing all 5 Impulse Waves Bitcoin must retrace and do ABC (according to the Elliott Waves) The A point should be near the Neck Line, B should be "the same" as 3 and finally, (according to the...
Hey traders, On the EURUSD daily timeframe we can see that we have completed a nice head and shoulder pattern. The neckline was broken last week on Thursday. Let's see how this works out. Cheers
Possible blow off in US30 could end in a huge HS formation.