after the obvious h&s completion and retest of neck line its projected to head to next previous support zone
HEAD AND SHOULDERS REVERSAL PATTERN
H&S pattern, showing bullish signs. Consider buying after confirming bullish reversal
If 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...
Head 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
Im 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
CADJPY: Selling at fresh supply level. Waiting for reversal pattern (right shoulder of bearish head and shoulders) to complete in lower time frame.
WTI: 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.
DXY: Dollar Index daily chart showing head and shoulders and ultimate downside target at 95.05
Trading idea and price prediction for (FX:CADJPY) from trader Nika Lekishvili www.tradingview.com ~ My Channel GL !
EURUSD 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.
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?...
my comments on the graph, thanks for looking. I hope we moon but..
Very 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.
$1300 IS THE TELL. Which way will it go? H&S / Double Top forming? Hedge your bets
Potential Inverse Head and Shoulders Forming on the Daily