I think Nasdaq is very dangerous. It is similar that Kospi(Korea stock Index) four months ago. The KOSPI Index made Head and Shoulders pattern. And the KOSPI price dropped 24% from its top.
now Nasdaq makes right shoulder. If it would collapse neck line, It is good chance for short traders.
Is it the beginning of the financial crisis?
I cant't understand the ...
On DX we have inverted head and shoulder with up way to 102. First need break red neckline 98.20, above clear up. This way up will push eurusd and gold down I wrote on other charts. Now we are on green triangle area, can go little lower, but overal up. Bottom of DX is 96.50
S&P Futures just opened this Sunday afternoon about 40 points up, based on results from the meeting between USA and China at the G20 Summit.
Beta of Ford Stock is 0.7229, and S&P Futures are currently up 45.50 points (1.65%) from Friday's session close. Of course, we will keep an eye on /ES futures as they continue to trade up until the market open tomorrow, but ...
A geopolitical environment that is stalling growth, a divided American people & government, and a looming showdown between the Federal Reserve and the Street... Are the global markets truly on a precipice?
Let's get into this breakdown.
The technical pattern that is emerging is quite clearly a head and shoulders. If we break the neckline we are looking at a ...
on new zealand dollar / us dollar pair from the 8th of October the market is in a clear up move.
Though my bias is still bullish, I am always looking for trend violation patterns.
on a 4h chart we have a nice head and shoulders pattern.
The violation of neckline will trigger a selling reaction and will drive ...
Bitcoin (BTC) is about to complete a massive inverse head and shoulders pattern. This means that the price is expected to breakout as early as next week. The potential for upside is as high and so is the probability of a rally from current levels. For the past few months, Bitcoin (BTC) has been reacting to the price action on EUR/USD. The IH&S that we see on the ...
A number of interesting signals here. Broken downtrend in RSI & Stochastic charts with both charts now indicating Higher lows. Inverted head & shoulders evident seen on the 3-day chart. Finally bottoming candle about to be tested for third time. I don't think there'll be a forth. Suggested targets at previous support points highlighted.
The stock price broke out from a range, made what looks like a head-n-shoulders pattern, and can mirror the channel pattern it made before the head-n-shoulders. Volatility is high and this is a neutral directional bet on the price action.
47.5/50/77.5/80 JAN19 IRON CONDOR @ 0.45 CREDIT
Roll if necessary & if possible to reduce risk.
Target maximum ...
It sure looks like it if you ask me!
1. Trend got stopped at the 1.618 extension fib
2. Made a head and shoulders trend reversal pattern on the top
3. Had a strong pullback after
4. And is now making an ABC correction to the upside now to get the sellers on board and to go down to the .618 fib retracement.
This is where I expect where the 5th wave will start. ...
Recent drop occurred from a H&S pattern from all time high of $23 extending down to $8. Expecting very good entry prospects in BAL below $8 to see if the Inverse H&S pattern plays out. If successful, can lead to share price appreciation to approx. $14. Also RSI below 30 indicating oversold. Shorts are also very high according to shortman which should soon cause a ...