Scalping a short on 15min TF 5mins prints it better
Looks like break of a neckline on a weekly and daily chart. A sloppy head and shoulders. Symmetry support held at $48.15 this morning after earnings, but my dowsing suggests selling rallies with a trend reversal, and that ESSENT is in DESCENT. 2 Bar daily squeeze likely to fire short, and I expect downward pressure on indexes, so this looks like the beginning of a...
Price hasnt broken the support level, possiblity to form inverse head & shoulder on H4. Right shoulder to be completed for a full H&S.
This is reviewing an actual entry I took for GJ which resulted in far more than my target being hit. As you can see, paying attention to-- being aware at all times of a dynamic market-- and being ready to spot an inverse or a regular head and shoulder pattern can pay out big time. They are my favorite patterns to trade, because if done RIGHT, they have a very...
Like what I see here on the CADJPY. We had our downtrend, and now have made a reversal pattern here. Today's daily candle closed higher above previous highs and had quite the strong break, although I would have preferred if it close above the wicks. This trade is valid above the 83.00 higher low level. That is the swing we are working with. Would be looking at...
till 1.08460 :) be carefully at the areas!
h&s didn't complete. It may reverse. It should pass right shoulder peak and we have an inverted h&s. It still can morph into another figure, but I would not buy such bigger range patern.
+50pips short Nzdusd even down to 0.63450 ;)
Previous dump volume matches exactly to the 6400 support level we saw earlier at 17 May 2018 if it is to break at 7700$. It also matches some support trend lines since 26 June 2018. Fibonacci 0.5 retracement also confirms this scenario if it is to play out like this. This is a 20% organic drop from where we are right now.
NASDAQ:JCOM Very clear breakout of the resistance of this pattern, head & shoulder of continuation of a trend already started years ago. Statistically, we know that we have an average profit compared to the allocated equal to 4 times the potential loss, and the profit is achieved in 45/50% of our trades.
Seen good profit if you take buy with 2 tp! 1st=0.67937 2nd=0.68239 good luck
about to try to break the neckline again
We can see here a lovely head and shoulders forming on daily chart showing a potential drop equal to the neckline as drawn out on chart. TP will be set at 1431, should see over the next few weeks. This is just a pattern analysis, do not take my words for gospel.
It shows good profit @ 4hour time chart. It's good H&S ! we wait for back candles to green then get good buy position to tp mentioned. good luck
Double H&S set up; big and mini. Should go higher on a breakout!