$RISE FORMING HEAD & SHOULDERS,LONG OPPORTUNITY —WAIT TO CONFIRMH&S pattern, showing bullish signs. Consider buying after confirming bullish reversal
RLong
HEAD
BTCUSD H+S pattern, bearish div., 1 HR chartIf we look at this cart we see a couple of trends. Overall, we see an upward movement, to a peak around $4400. As we look at a volume indicator, the RSI, we notice the the very highest peak had lower volume than the peak before it, leading to what is called a bearish divergence, drawn by the red arrow over the bottom indicator. After this there was large volume sell off down to below 4000. This movement dropped below the MA 50 line. We now find a price hovering between MA 50 and MA 100.
Looking on different charts, we see the bearish divergence on the 4HR chart, and the 1D chart. So we should expect the market to turn slightly.
On the 1 hour chart, we start to see a head and shoulders formation, with this 3rd rise in price relating to the 2nd shoulder, after the head. The price went all the way down to the neck line, and rose back up again. With a bearish divergence already in place, this would seem to point to the possibility, that this 3rd rise could lead to a downtrend. If price reaches 3900, we must watch closely.
2 possibilities, the market could react and strong volume could prove resuming the bullish market (most likely). Or, the price does not bounce off this mark, which triggers a sell off. The amount of loss, will be the same amount of gain realized from the neck line to the top of the head *vertical arrow up" / vs the corresponding "vertical arrow down".
Just a thought, the market has been unstoppable in the upward direction, and we might be in for a minor correction. Let me know your thoughts/ what you see!
Short
Head n shoulder in EURUSD in smaller time frameHead n shoulder in EURUSD in smaller time frame
1.head and shoulder
2 RSI divergence
likley to correct near 1.1770 where again demand can come in
Short
Head and shoulders on goldIm 100% against gold right now. I would have bought NUGT, but the stock just got through the support line and it forms an head and shoulders pattern. Thats why I went against gold and bought DUST
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CADJPY: Selling at fresh supply levelCADJPY: Selling at fresh supply level. Waiting for reversal pattern (right shoulder of bearish head and shoulders) to complete in lower time frame.
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B
WTI: USOIL: Head and Shoulders signals $44WTI: USOIL: A newly formed head ans shoulders top formation now in play with a downside target at $44. Look to sell rallies from here until target is achieved.
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DXY: Dollar Index Daily chart DXY: Dollar Index daily chart showing head and shoulders and ultimate downside target at 95.05
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CAD JPY * Reversal Head & Shoulders
Trading idea and price prediction for (FX:CADJPY) from trader Nika Lekishvili
www.tradingview.com ~ My Channel
GL !
Short
EURUSD HEAD AND SHOULDERS A PIVOTEURUSD just broke the neckline of a head and shoulders pattern. Pair is also pivoting off a yearly and quarterly pivot point cluster. Only obstacle is the yearly pivot level, if that breaks, I expect the head and shoulders measured move to happen which will also fill the GAP many FX brokers have on their charts. Yearly pivot could act as a pullback area to the neckline.
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A possible head and shoulders pattern...Price has been rejected... aditionally it seems that a head and shoulders pattern can be formed, so for me... this is a good time for short... what u think guys and girls?...
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Bitcoin Triple Double Bubble Trouble?my comments on the graph, thanks for looking. I hope we moon but..
EURAUD potential short opportunityVery suggestive chart with a potential short opportunity developing.
2 months trend broken and price approaching daily pivot. One needs to closely watch the reaction at the pivot. A close below, would indicate that the H&S pattern might actually work.
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Bitcoin Speculatin' & Entertainin' Chartin' Monday Madness!$1300 IS THE TELL. Which way will it go? H&S / Double Top forming? Hedge your bets
Long
EURUSD Potential Inverse Head and Shoulders Forming on the Daily Potential Inverse Head and Shoulders Forming on the Daily
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Crude Short Head and Shoulders Formed Price has not managed to break through resistance at $53.45 creating a head and shoulders pattern, now we should be looking to hit target of $52.20
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USD CAD is Making shapes! So OK. I was wrong the first time about the break out on this market and it cost me 100 pips. I learned the "wait and see" lesson (again). And a lot of the other traders did predict this spike back up into trend before the bear run.
However, what to watch for?
So this newly formed head and shoulders gives us its neck line on old support/resistance which is nice, it allows for an aggressive bearish trade off this marker, and also gives us an upper section of the forming bearish trend. I will be taking this trade which I expect to line up today, but I will be entering on Bearish candle patterns only and a clear rejection of the resistance. Ill be setting my stops above the recent shoulder but will be managing this in real time and getting out at the first sign of trouble.
A longer term and more conservative approach would be to wait for confirmation of the blue trend line and sell off this on each pass. I'll probably be doing that too, but that's one for next month.
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Head and shoulder Possible head and shoulder, i think that the third blu triangle will be completed, so for now the idea is going short till violet line. Reached this line, in my opinion MCDONALDS will follow the down trend (under blu line) with second target fix to orange rectangle (zone 113.36)
Short
possible Head and shoulders bottomleft shoulder, neckline and head have all formed, waiting for right shoulder which could trigger a possible reversal move.
