lique
Short

AUDUSD Head and Shoulders pattern

FX:AUDUSD   Australian Dollar/U.S. Dollar
165 4 0
A simple head and shoulders pattern emerge, could be the beginning of a reversal to test the 0.8800 area or more.
Ascending Necklines.. better watch for those.
Reply
lique QuantitativeExhaustion
3 years ago
From investopedia:

In most cases, the neckline will in fact be slanted either up or down. In general, a technically strong head-and-shoulders top should have a flat or slightly upward-trending neckline. For a head-and-shoulders bottom, it should be flat or slightly downward.

But in any case H&S is only proven after the neckline is broken. :)
Reply
AnneSmith
3 years ago
waves 3-4 seem to be over
both indicators are above the line
Reply
lique AnneSmith
3 years ago
price made a daily inside bar, a break either way will show the direction.
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out