This chart utilizes the fibonacci sequence in multiple ways/applications.
A2 Milk appears to have lost to the bears. A very distinct head and shoulders pattern has emerged although still not confirmed until neck line is broken. Taking a look at the relative strength, A2M is under performing the ASX 200 (XJO) which also is a strong bearish sign. Increased volume on negative candles and on right shoulder shows strong possibility of break...
I was just listening to Mitch (www.youtube.com) last night, and he was saying something about that you are not looking for H&S on way down. I was looking for this parallel channel already 2-3 weeks, in all time frames. Now when i made it a little bigger i saw ATH and it looks like 'H&S' and measured move is terrible. I hope this pattern is incorrect.
Wait the market to reach major supply zone then sell from there
Waiting for GOLD to break one of the SR zones. After breaking, we put a pending order to the outer edge of the zone. Highly recommend to use Twin Trading, for bigger potential profit. Stop Loss - I'm using max 40 pips stop loss. The most important is, to put it behind the SR zone. But it all depends on your strategy and RRR. Take Profit - Put take profit at...
GOLS has formed a head and shoulders, and shall breakdown after breaking out of the head and shoulders formation.
Possible inverted H&S ( or ascending triangle -IF- support area holds. Stop below support. A morning star on next weekly close would be an encouraging signal.
Not sure how often ones that have his much downward tilt actually trigger but something worth keeping an eye on all the same. Neutral until I see confirmation fo some sort of breakout.
Hello Traders, New Thesis on ETHBTC Points to consider, - Potential Inverse head and shoulders playing out on the 1hr time frame - 12 EMA riding as support in to strong resistance, this needs to break for the head and shoulders pattern to be confirmed - RSI on uptrend with strong support - Volume declining on right shoulder - VPVR showing low volume of...
We are coming up from a 4th wave elliot correction, this could be the start of 5 waves up complex and impuslive. or we could go down. In any instant the odds are 50/50 % that is a fact but if we go up and cross those levels i am long.
Classic whale accumulation on the minor downtrend. Followed by trollbump andfooling bears into what looks like the dump. However the next pump will be insane and will rival TRX's pump and dump. Over 100% profits to be made here. Needless to say this is high risk high return. First targets above 1800
So there's a H&S-ish looking pattern going on here. However, I am not 100% sure, as this looks a bit distorted. Then there's also a rising wedge at the same time, which tells a higher probability for downside as well. But as the last times BTC just wonderfully ignored any TA, I am not sure myself this time. BTC maybe wants to make it look as if an imminent...
Likely due to the halving that's set to occur in August I believe.
I am seeing a head and shoulders pattern.