Bearish Head & Shoulders Pattern set up on BROS Notes on chart what to look for and how to possibly play the pattern .Sometimes these patterns will fail to break down if that happens i would look to get long above that green line as described on the chart
I have been given a bit of clapback for the identification of this so I thought I would make a post. Regardless of the RS being higher than the Head in the pattern, it can still be viewed as a H&S pattern, due to the predictability of the RS's downward move that will occur following its formation Comment thoughts below
GBPNZD has formed a head and shoulders pattern prior to the GBP Retail Sales data today, and we are looking for continued downside on the pair. The 1H RSI remains at bearish levels, and price has recently rejected the left shoulder resistance. We are looking for downside towards the recent lows at the 1.8900 figure.
" A. A strong rally, climaxing a more or less extensive advance, on which trading volume becomes very heavy, followed by a minor recession on which volume runs considerable less than it did during the days of rise and at the Top. This is the 'left shoulder.' B. Another high=volume advance which reaches a higher level than the top of the left shoulder, and then...
This time the clouds did not hold ... An Head and Shoulder formation is in progress and if this is confirmed, the technical target would be @ 51'436. Therefore, price action over the coming hours will be, once again, very important to look at carefully. Indeed, only a clear recovery above the clouds (around 63'000, already mentioned in my previous analysis !)...
UK100 Crab complete with potential double top (Not confirmed yet though until neckline is broken) I have entered early just based on LTF analysis, so that has made this trade a little riskier, but the probability of this falling are greater than rising so for me it was worth the risk, if hit's SL we just get back in a little higher and ride the wave down bringing...
Head & Shoulders Explained The Head & Shoulders Pattern & Inverse Head & Shoulders Patterns are quite common on Bitcoin and have had great results on the higher timeframe charts. Here are the main characteristics: • VOLUME MIMICS PATTERN • 3 PEAKS, LEFT & RIGHT SIMILAR HEIGHT • TRIANGULAR IN APPEARANCE • FOUND AFTER UPTREND • HIGH SUCCESS RATE • CAN BE...
Entered a short position for USDCAD a few days ago following H&S w/ slanted neckline formation. Dollar weakness has followed, as we approach FOMC minutes I will be closely monitoring my position.
WOW! Look at the size of that head and shoulders pattern. Retail traders will be all over this! This calls for caution. I won't be trading this method how retail trade it, I will be waiting for the manipulation to occur before I introduce my sell positions. Selling the breakout could be catastrophic because we have an order block resting below the region. ...
For XAUUSD, the market has stopped for now. Until it resumes back a few hours later, I thought to share an interesting thing I just picked up. We have a Head and Shoulder Pattern that has formed on XAUUSD (2H). If that is the case, go short and set your T/P at 1765 regions.
BTC is performing a huge inverse HEAD & Shoulder pattern in 1D time frame. According to my previous analysis BTC has been unable to broken a very important resistance line. However this inverse H&S pattern will be perform well that resistance can be broken easily and we can see a huge pump in BTC within few weeks. So traders very carefully about this trend line...
The head and shoulders pattern is one of the most reliable trend reversal patterns. The distance from the neckline to the head is the same for the retracement from the neckline to the bottom. In this case, using Renko candles to understand better the H&S chart pattern, the price target is 31usd.
After a schoolbook Head and Shoulders chart pattern that i warned you here: Now ATOS Atossa Therapeutics found support and it`s ready to move higher. My target is the 4.5 resistance.
hey guys, bitcoin can make head and shoulders pattern keep an eye on trend line support.
Folks, Be aware of a possible head and shoulders pattern in the Litecoin/USDT pair on the 4 hour chart. The first breakdown of the neckline has got rejected by the bulls.. But simply if it breaks be aware of prices fall back at the horizontal line drawn.. How do you target this? You take the highest price at the head formation and calculate the % it falls...