This was the smaller potential HnS pattern from my original post yesterday (July 22, 2018) in easier to use than the comment I left yesterday... This is purely speculative and another pattern could form like inverse AnE (iAnE) instead if we get a pop up towards 7800 and possibly even towards 8200 soon....
Monthly candle showing bull after previous month wicked short. price should get to 70.00, if it rejects should hit 67.50 if it breaks 70.00 should hit 71.20 Friday burst off the consolidation looking to hit 70.00, still has some area to cover if it wants to test it. I haven't analysed oil much but on the monthly there is a obvious higher low on the 1st-jun...
Welcome to my BTC analysis. The MACD looks bearish , it's nearing the upper resistance. Also the RSI is looking a bit bearish. BTC is approaching the 0.236 fib and the neckline of the white HnS. They will probably let Bitcoin drop to finish the E wave of it's pennant. Then I expect a run to around 7500-7650. Hopefully it will break through the neckline of the...
Welcome to my BTC analysis. The MACD looks bearish, it's nearing the upper resistance. Also the RSI is looking a bit bearish. BTC is approaching the 0.236 fib and the 0.5 resistance from the fib fan. They will probably let Bitcoin drop to finish the E wave of it's pennant. Then I expect a run to around 7500-7650. Hopefully it will break through the neckline of...
BTC is trying to keep it down, but another inverse HnS is forming right now. Also big bullish divergence on the MACD as well the RSI. I expect a breakout soon unless BTC goes down, but BTC is looking good atm.
Double bottom divergence on the RSI and oscillators. WAN bounced neat at the 0.236 fib and is now sitting against the 0.382 fib. Also a HnS is forming. If BTC stays stable/goes up the HnS may play out. This is NOT a trading advice. Trading is on your own risk.
EURNZD like to follow SMA20, and this is what I will try to play again on that pair. My game plan is to keep short position until it will hit support about 1.695. If chart will reject SMA20, it will also create HnS formation, which should support our downward movement.
Today's green candle still fits the head and shoulders pattern. Its interesting to see once you draw it out. Let's see if the earnings will break the pattern since it spiked like crazy today in AH.
The Head and Shoulder's Pattern started forming on the Dollar Index from the Beginning of October 2017 to the End of December 2017. It break out of the Neckline and retested it on the Mid of January 2018 and fell sharply thereafter. The Dollar consolidated in the Mid of January 2018 in the price range of 91.00 - 90.10 but the consolidation did not remain much long...
Definitely not the most obvious inverted HnS, but Gold still has taken that shape nonetheless on the Monthly timeframe. Will be on watch for a break and close above next key resistance level (red horizontal). Could see stocks and Gold appreciate hand in hand again, similar to the recovery after the financial crisis.
Hi, Wrote my idea's on the chart.
We can see that USDJPY is currently breaking down from its right shoulder on a big monthly Head and Shoulders pattern. The green support lines and purple trend lines could be areas that this pair could fall to over the next year.
Hello everyone, I previously posted a chart on BTC and posited that BTC was probably going down. I theorised on the apparition of a possible double top formation. It looks like something like this has happened and BTC was actually stopped right on my line of resistance. I've been telling y'all that's the black line of death right there. It is composed by various...
This monthly chart of the 20 year US T-bonds has printed a nice H&S pattern. If price breaks below neckline TLT could get very bearish for a while, reflecting a heavy supply of T-bonds and a continued increase in demand for equities.
This monthly chart of the 20 yr treasury bonds shows a H&S pattern formed. We are currently near the neckline of this head and shoulders pattern. If neckline is breached TLT could get very bearish for some time, which would reflect continued selling of the 20 yr T-bonds and a continued increase in demand for equities.
Hey traders, On the EURUSD hourly timeframe we can see a breakout of this head n shoulder pattern. Looking for a pullback to the 1.22080 area and look for short opportunity from there on. Cheers
www.tradingview.com IT CAN BE A POTENTIAL HEAD AND SHOULDER PATTERN, NOW IT DEPENDS ON THE MARKET CONDITIONS