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.
the EURJPY price touched The Weekly Resistance Level ! Currently, the price formed a double Top Pattern ! i'm waiting for a breakout 🔥 then! we will see a huge bearish move 📉 -------------------- if you agreed with this IDEA, please leave a LIKE, FOLLOW or COMMENT!
Ford could see some more downside in the near future. Classic H&S Patter.
Support: $21820 (around) $18800 (around) Neckline: $24295
AMC at a point of decision. Breaking $6.50 and dragon pattern near confirmed. Targets reaching as far as $10. From here overall channel outbreak and would not be inclined to stop there. Support at $6, then $5.8. Which would lead to nasty H&S dropping towards $4-$5 area.
Hello traders! Nas has formed a nice head and shoulder, i am looking to short after the break of the the trendline, it has acumulated liquidity in every touch of the trendline. It could be a signal of the market direction for the big news later on today from Federal Reserve Chair Jerome Powell. Cheers!
The USD/JPY is nearing the end of its uptrend within the ascending channel, unable to make any new highs and showing signs of divergence on momentum indicators. It appears that a head and shoulders pattern is forming, waiting for the final shoulder to complete before attempting to break the neckline at 135.5 and potentially experiencing a bearish move towards 134...