This one is a trade for the patient followers, as the targets are big with huge moves. We are seeing a head and shoulders pattern, and are now waiting for the price to break the neckline, so we can take our short position. The first take profit-level will give a return on investment of 29% while the second take profit-level will reward with 54%. The target gives...
head and shoulder pattern enter short on the break also at least an abc correction from the perspective of Elliott wave if we don't make a 3rd instead of c wave. Approximately 10 percent target measuring distance from the head to neckline. Good luck!
BBCA is going to make a downside movement, the target will be 1.618 Fibonacci ratio near the previous gap or 2.24, near the classic target of Head and Shoulder pattern (yellow horizontal line) #fibomic #BBCA
BTC has created an Inverse head and shoulder pattern which means a great bullish trend is on the Horizon. If the price follows this pattern's expected movement,we shall see it reach 40k pretty soon or at least in mid term duration. The expected movement is as much as the measured price movement (AB=CD).The break out has occurred but the confirmation candle has yet...
In our previous analysis of the dollar index, we mentioned that it would rebound from the supposed neckline of the head and shoulders pattern, and indeed it did. It is now forming another shoulder before ascending again towards the neckline and attempting to break it upwards. Our focus on the rebound location may be at the level of 103.75, which is considered a...
Can you see the liquidity ? - Completion of retail pattern - Huge englufing to the downside after sell side injection for the "Right shoulder" Lets see where we can induce, and then enter. -NE-
H&S setup for Alibaba in key zone Great area to start entering slowly with a lot of great areas to have TPs Easy invalidation at next shoulder, and if more risk averse under head. Cheers.
Head and shoulders I see in futures Hour so you see the bigger structure!
The USDJPY pair broke below the ascending channel and the neckline of a head and shoulders pattern last week, followed by a significant momentum weakness. Based on my personal analysis, I expect the pair to undergo a corrective move towards the broken neckline, where it also aligns with the 23.6% Fibonacci retracement level and the 100-period moving average on the...
hey guys, With the bump today on the news officials are stepping in on the failing banks the DXY is completing the right shoulder and with the CPI data coming tomorrow and the PPI after that could be great catalyst to send it higher completing the head and shoulders pattern. Keep in mind no matter what the the data comes out the FED will only Pivot if...
On this chart, we can see a head and shoulders-formation and we are therefore waiting for a breakout of the neckline, to take our short position. Stop-loss, target and ROI are all shown on the chart. The target for this trade equals the earlier support level. In this case, it shows that during the last half year, it has formed into a multiple bottom, and our...
Here it is more specific, we have to complete the pattern of the right shoulder, but then, 3 positions will be formed, either we go up one beat from here, or we go down to the shoulder at the end of the right shoulder, or we go very low, in I put the pictures in the chart in the previous post.
I have put some examples of patterns in your Burley chart, which one of these 3 situations may happen for the coin file,head and shoulder, and I have marked the other two patterns with drawings and lines, which pattern do you think the file coin is? Will make ?
From a Technical standpoint we can see solid resistance forming in this current supply zone, which supports a RETEST of the SHOULDER that has formed around 1.19 Area. There will be a significant fight here however, as the downwards momentum of STERLING is very strong. Fundamentally the outlook for GBP remains very challenging as opposed to the US Dollar. Whereas...
Bullish on gold for multiple reasons: Bullish confluences on gold: Inverted yield curve (Possible recession after yield curve flips) = Short term bonds have a higher yield than long term bonds (Federal reserve pushing up interest rates to fight inflation) Possible recession incoming... Increase investments in asset classes with a potential Recession: - BONDS,...
John was an avid investor in the stock market, and he had been closely following the semiconductor industry for some time. Lately, there had been a lot of hype around artificial intelligence, and this had caused stock prices in the industry to soar. The technical formation of the chart looked good, and John had seen his investment in the semiconductor industry go...
I would like to see the right shoulder form and better action on the shorter time frames. Looks to me like the best bet would be to wait for selling pressure to cool. Do you think it holds the right inverse shoulder? At what point? This is not financial advice or advice of any form. This post is made for entertainment purposes only.
EurCad Head And Shoulders Pattern Short in H4 Order Block important zone.