The top of the right shoulder just formed on the SPY for a small Head and Shoulders pattern. Support appears to be at 371 for where the right shoulder will be completed. Support on the SPY is also at 355 where it will hopefully bounce off of and reverse.
This seems to be an inverse head / shoulders formation. There is a support level below the head at the 61.8 retracement level
JK TYRE& INDUSTRIES, Daily Chart ( Investment Pick.) JKTYRE Has given Wonderful Break-out with Very Good intensity of Volume, Above 2 years Long & Strong Resistance Trendline. Can Buy Now at CMP 90, or if Get Dips, With Stop Loss of 84 closing basis. For Targets of 100.70, 108.50, 119.55, 131.25 & 140 Too. DISCLAIMER. I AM NOT SEBI REGISTERED ANALYST. MY...
The above analysis is done purely based on price action and chart patterns. The analysis is done on daily TF hence price may take few days to few weeks in order to reach the targets. (This stock was analysed few months ago as well. To check that analysis, see the idea linked below) The logic behind this analysis is explained in image itself. It is a...
Buy @ 0,49 with a stop loss of 0,28 and targets as resistance lines to scale out of your position.
Buy in the 34-38 range with a stop loss of 30 and the targets shown as resistance lines for scaling out of your position
HEAD AND SHOULDER PATTERN ON 2HR TF.... SELL IF CLOSE BELOW 533...
Head and shoulder, retest neck line Uptrend, EMA55/144 as support Zone Entry 23 Stop 20 Target 35 I am not a PRO trader. I trade option to test my trading plan with small cost. The max Risk of each plan is less than 1% of my account. If you like this idea, please use SIM/Demo account to try it.
📚 LEARN MORE 💰 EARN MORE With ForecastCity Inverted Head and Shoulders Definition: A head and shoulders pattern is also a trend reversal formation. It is formed by a Valley (left shoulder), followed by a Lower Valley (head), and then another Higher Valley (right shoulder). A “ Neckline ” is drawn by connecting the highest points of the two Peaks....
$NEO.X is testing the daily dynamic trendline and the price created the head and shoulder. IF the price will lose the dynamic and weekly support (neckline) we can looking for a short position According to Plancton's strategy (check our Academy), we can set a nice order ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red...
short time frame EUR/CAD creating head and shoulder pattern and 100 ema crossing 200 ema, it is another reversal sign. daily time frame we can identify nice cup and handle pattern.
One of the most popular figures in technical analysis is formed on H1 in GBPUSD. To complete the model, the price must reach 1.3542. To further confirm the reversal, it is good for the price to close below the previous bottom. This can give an additional boost to the price and the opportunity to enter from a larger number of participants. The figure fail when...
DFM:DEYAAR Potential head and shoulders formation, long the break out at 0.292 to target 0.314 and 0.324. A good stock to hold IMO for medium term. Hit the like button please if you find this useful :) This is only my own view and not a financial advice, do your own analysis before buying or selling Happy Trading!
nzd usd made head and shoulder pattern and market had broke the neck line structure and back at the broken zone to reterst. now market is going down to mention areas as per Fibonacci retracement enter sell with your own money management Don't forget Patience is the Key
Buy at @ 1.91, 1.47 and 1.27 with a target of 11 and 21.
We can see the formation of head and shoulders pattern forming up for 2h GRT. It is also supported by the declining volume while the up leg of each move. Considering the emerging pattern, we might retest the support at $.46 and then continue to push further. But for the short term, we can def spot a bullish pattern
As for the smaller head and shoulders, buy on daily close above 1,92 and weekly close above 2,06 with SL below 1 and target of 2,66 once it reaches there move the stop to 1,3. As for the bigger head and shoulders it has a target of 8,5 once it closes above 4,6.
Hi We can see a Head and Shoulders pattern in the Euro Index char and it is a bearish sign to us. it gets confirmed if it breaks the Neck line on the support area of the chart so we can expect a bearish trend. as we know the Dollar Index is in the bullish run so consequently the Euro Index shall drop down and continue its bearish run till the reverse happens in...