Hello Traders, The chart shows everything. Notice the reverse head and shoulders in play. A break above the nearest resistance and neckline could provide a nice entry. Please take a moment to like this idea. Technical Analysis alone is meaningless. You need a complete trading system. You need proper position sizing. A watch list of what you will trade. A...
Hello! - This is a textbook chart for the bulls. 1) Notice the perfect reverse head and shoulders forming in order to test the 28$ highs in the coming month. 2) Notice the MACD signaling a strong buy with the RSI signaling there is more room to run until overbought. - Good volume too. 3) Notice the overall trend in both MRVL and the SnP 500 - there are similar...
Reverse Head and Shoulders pattern formed showing two necklines one horizontal - neckline 1 - and one diagonal -neckline 2 - giving two different levels for closing long positions first at 2580 and second at 2640
Considering Netcare's price action holds up today and closes above the neckline level at 18.65, we are witnessing the completion of an inverse or reverse Head & Shoulders formation. Results released yesterday have been received well by the market, which should ease investors concerns for the time being. These patterns are reversal patterns that form at the end of...
Turkish stock index BIST 100 seems like forming a reverse head and shoulders formation. Target of this formation is first 88.500 which is the height of shoulder, and than 86.000 which is the height of head. After completing this move, a great opportunity is to buy this index because prior to this correction, prices were around 120.000. For the last 20...
Silver has just broke out of my double descending triangles that I posted a few weeks back. Lets take a look at a some possible Fibonacci retracements that could happen if things continue. Alasdair Macleod has noted that a whale is purchasing silver futures almost regardless of price, his fundamental research is worth a look.
We can see the reverse head&shoulders formation started in January of 2018 has been now completed the first shoulder and head. Right now, we are in the beginning phase of second shoulder formation. Most probably by January 2020, reverse head&shoulders formation will be completed and the value will test 162 which is the resistance of uptrend started in 2018. Also...
NYSE:DHI Typical pattern of reversal of a trend in financial markets. Entry on the breakout of the neckline and management of the trade in trailing stop for a greater possible risk reward. The question is, "Which Broker and which financial instruments could you trade best with?" In this case, I use stocks securing them through options. This is one of my...
a powerful pattern is forming on DGB bears failing to make new lows breaking the neckline on an upward sloping H&S pattern could trigger rapid price increase volume is exactly as needed for pattern completion. a strong move is likely when the neckline is broken
Almost an 8 hear H&S pattern for Physical Gold. Will it break higher in the next few months/years?
Better view 6 months later.
Reverse Head and Shoulders forming from March 2019 - Present (April 10th 2019). With good news coming from $JBLU related to their travel expansion, I see this stock going way up !
It is yet to be confirmed but there is reverse head and shoulders pattern on NSE:SAIL so keep your eyes open for this one. If confirmed target is 67.
ELA elastos on the move ...over $3 seens $3.45 then $4 Education only not advice
If you believe in Mike Novogratz who runs the Galaxy Fund and you if you believe in Crypto long term. This name should work out. I am long since $1.28 and again at $1.75. NOT ADVICE
Rakuten - JPY amazon type company, accepted crypto when this thing was at $7.75 USD....It has broken out now and shoudl head to $10.50 USD easily on the reverse HS, IMO. Other things going for it is that JPY is a crypto friendly country (by far) and now people can pay in crypto on this site. More to come, as long as Bitcoin/ETH keeps moving up. Rakuten will...
Short as a bounce of the trend line and long option on the retest of support level or break of the trend line. With US open today after bank holiday, high volatility is expected. MPO of reverse H&S still not finished.