TF: 2 Hr Possible inverse H and S on the 2 hr and 4 hr TFs. Bullish divergence can be seen developing on the RSI and price has retraced and is currently trading in the golden zone (between the 0.50 and 0.618 levels). May be see some buying here to complete the right shoulder and move up from there to ~123. See my previous EJ forecast here:
EURUSD has been in bullish trend for some time now and we see perfect pattern of Head and Shoulders at the end of the bulltrend, so a reverse is expected. We have broken a few times the neckline, but went right back through it, which is called whipsaw, made only to trigger orders and stoplosses. Execute a sell order with small lot and put the stoploss at the high...
As we can see, when we started the channel we had head and shoulders pattern which was successful, so right now we are inside a channel and we have formed another head and shoulders pattern, so if we break through the neckline, we should expect a drop as following. there are 2 supports that we have as TP . Good luck!
🔪 If you are a bear, the last thing you want is to be staring down the barrel of this Smith & Wesson chart especially after Warren Buffet's successor David Portnoy set his sites on it. SWBI has been on an absolute beast of a run since the bottom as demand for firearms increased during COVID. We have some clear support levels going into what should be a solid...
RBL BANK TECHNICAL VIEW. WATCH ANALYSIS AND CATCH THE PRICE ACTION AND MAKE BIG MONEY WITH FUTURE TRADING AND OPTION TRADING.
as you can see on elliot counter the rpice is nicely on correction phase and some how is similar to Head and Shoulders just wait to retest the neck line and bingooooooooo
TF: 4 I was looking to short this pair last week; however, price moved high quickly and dropped shortly after making a H and S pattern. Currently the right shoulder could be in the process of being completed. I am looking to short and entered in as shown on the chart. Bearish divergence can also be seen on the RSI. I am expecting a large move down.
Wait for the neck line to break , good risk reward ratio , till the trend reversal we do have some higher probability
Due to the high volume of superspreader events, this is a long trade. Forecast another outbreak, exponentially worse than our last outbreak, as well as another lockdown. As 3TUSD was approved by the senate for stimulus relief, it's a safe bet that those in power are preparing for what I dub to be, "The Greater Depression" As always, I am no financial advisor...
This over reaction to news and an approval may result in another handle on this left-facing cup and handle. Best of luck. -zm
Potential! Just a idea.. chart looks like it will retrace 10k barrier on higher timeframe again denied. follow Cryptonicx for more stuff like this! <3
A head and shoulders reversal pattern with a potential target of 8k . 8k is where is in confluence with the 200sma on the daily - currently at U$D8040
The daily trend go to be a uptrend and trend is changing from downtrend to uptrend so what will happen show up in the chart the price will retest then go to down support level then after go to uptrend
WIthin next few hours there is going to be small pump till 9400-9500 and it will sharply fall to 7800 minimum.
The upper chart is point and figure chart The lower chart is line break chart