Down trend into beautiful Head and Shoulder pattern. This is an updated version of the oil H&S chart I posted last week. This could be an amazing short if it breaks the neckline this week.
H&S been forming since 6th January, broke through the neck line at the end of the month. Profit target is based on previous structure, as is the stop loss. Fundamentally, I think that a drop like this makes sense. Australia is seeing a lot of good economic data at the moment, so I think that in the near future we should see a rise in the AUD due to more...
A head and shoulders pattern is emerging for YHOO. With general sentiment on wall street negative for te CEOs new changes expect Yahoo to drop considerably after price drops past the neckline. I am expecting to find some historic support around the $11-$8 range www.thestreet.com
A head and shoulders pattern has emerged on AMZN. Similar to the H&S patterns found in other equities and indices this patterns represents a market reversal. Though the pattern is more clear when viewed on a the daily chart, I used the weekly to show how the targets of support lines (dotted white), match up with the long term trend line (solid white) as well as...
Head and Shoulders pattern is one of the most reliable indications of a market reversals. This patterns has been appearing across numerous equities and indexes. First target is at resistance area of $116
The cross has formed a Head & Shoulders pattern on the Weekly chart that gives us a potential signal for a trend reversal. Last week's candle has broken out the neckline but there's still an opportunity to enter the trade. The risk/reward ratio is very good, more than 1:3.25 Good luck and good trade !
Clear breakout and targets.
Bears: Bitcoin is showing weakness with a double top at $475-500 and H&S formation as well. A move below $400 on Bitfinex will confirm the bears taking over and a potential revisit of $340-350 and even $315. Bulls: If we manage to hold above $400 then we will stay in 2 weeks of sideways and consolidation and break out after January 15th towards new highs of...
USDJPY is completing a bearish bat pattern near a strong support and resistance zone. We also have the neckline from a head and shoulders pattern striking through the S/R area for added resistance above the PRZ. SL is placed above 1.13XA with targets at .618CD and the unhit monthly pivot for November, 2015. Confluence in the PRZ: Bearish bat pattern...
Sherwin Williams might be setting up for a classic head and shoulders Price has already broken the $260 neckline. If it closes today (12/221/15) below the $260 it will likely be sign that the bears have won and this brief rally since October is finished. Look for support around previous support of $235-$230 area
SHORT #1 option: Head&Shoulders triggered and in play. Target for shorts at 165 in next couple of months. Stop is weekly close above 185.00 LONG #2 option: Head&Shoulders triggered and in play but will fail? If patterns fails the move afterwards will be huge. Best moves come from failed moves. Target 200+. Long entry is valid only after it closes above 185 first...
EURNZD has broken the neckline of a bearish head and shoulders breakout. A lower TF bearish bat has provided a nice entry short on the retracement to the neckline. Trendline resistance may also provide bearish bias. Entry is placed at the completion of the bearish bat with target placed at the completion of the bullish shark. 15m Bearish Bat (Entry):
FX:USDCAD Harmonics, Bat & Gartley patterns, basic AB=CD and H&S; BAT: Point B: 38.2% to 50% XA Point C: 38.2% to 88.6% AB Point D: 88.6% XA Targets: TP1 38.2% AD TP2 61.8% AD GARTLEY Point B: 61.8% can not touch 78.6% XA Point C: 38.2% to 88.6% AB Point D: 78.6% XA 127% ext AB Target: TP1 38.2% AD TP2 61.8% AD Safe Trades;
This chart is demonstrating a classic bearish head and shoulders pattern long term. The neckline is pointing down, which is even more bearish. Target $22! Look out below.
The risk/reward ratio might not be the best, but it's worth a try. If this trade goes right then my medium tern outlook for the stock markets is bearish and I expect the s&p 500 to test the lows during Q12016
I've been watching this massive multi year 'head & shoulders top' take shape since the bounce at 1833 in August, after that big reversal that forms the 'head' at 2137. After today's sell off it's bearish potential should be undeniable to most. Considering the massive amounts of credit that have fuelled this bubble the debt deflation that will force the coming sell...
S&P 500 seems it loves Head and Shoulder pattern ! Look at 2010 reaction and huge drop. Look at the recent red H&S pattern and its reaction. And let's see the new GIANT head and shoulder pattern which is being developed and will be finished soon, may be this month or next month. Going back to the past, we can see the result of head and shoulder pattern few...
Forming good H&S pattern along side dynamic S&R during bullish cycle. AUD is going to get strong across the board if the grounds are clear.