inverted H&S pattern forming head bounced off of 1.026 RS bounced off of monthly trend line Strong acting resistance and neckline at 1.075 looking for price to break above neckline and retest to enter long Long term pattern=better strength of pattern If upper mothly trendline is broken, price may carry and retest creating new highs. TP1 at 1.093
Possible inverted H&S pattern LS,H formed with good signs that RS is forming Long term pattern 1.510 and 1.526 are key areas where price might get stuck aggressive neckline at 1.510 price may go up to monthly trend line which may be a rejection area (TP1) long term trade with TP2 at 1.580
On the weekly chart, I see something that resembles an inverted head and shoulder formation. Price has broken out of the neckline at 51.59 area, and seems to be retesting it this week. I expect a bullish run at least to the range of (59 - 61).
We have a downtrend from the 1.13 area to 1.0236, and within it there is the first shoulder, the head, and the second shoulder, which I believe has already formed. The red resistance at 1.0760 is the resistance neckline, which when broken will initiate a long position up to 1.13, the major zone of previous resistance On the daily/4h time frame there is a...
Maybe this will work on an inverted right shoulder to complete the inverted H&S pattern. Will need to get back over 7.00 after consolidation for breakout area.
Pretty self-explanatory, although the formation is not yet complete by my standards, price is certainly bullish until 60.00, past that to 76, and then maybe eventually to 110.
The pattern is completed. Doji and inverted hummer are going to support the chart. Loooking Closely
Perfectly symmetrical H&S. Now we would be at the symmetrical point we were on July 23, 2015. It could get to 56 in a month, month and a half.
IMAX- Short Trade Logic: Inverted flag & pole Technically very weak as crossed down recent support & money-flow is shooting down Entry Price: 29.43 Target Price: 27.13 You can check our detailed analysis on IMAX in the trading room link here- Trade Suggestion Date: 21/6/2016 Trading Room - Executive summery link: www.youtube.com Time Span: 11:00” Trade Open:...
Bullish outlook 1. Inverted hammer at bottom of trend 2. Double bottom 3. Massive retracement 4. Bullish Wedge 5. Some key support area 2.065 6. Fibonacci .618 retracement
1. As shown we are in a channeling uptrend idea of this is to try ride the uptrend as soon as possible 2. Channel support being tested showing price rejection 3. Horizontal support area 4. Fib 38% Seems to be holding 5. Potential inverted hammer being formed 6. Arrows on price showing measured moves to the upside
EUR USD 4H (inverted head and shoulders)
Gold is making invested head and shoulder pattern. Wait for H4 closing above 1076 and go long with targets of 1105-1130-1150.Primary target is 1105 but Fomc....splitting trade in 3 positions is a good idea. Stop is 1044.
Head and shoulder pattern breaking neckline at 240 USD. stop loss at 236, target at 250 for a 2:1 risk return ratio. Even better target at 255 USD, but might take longer to happen
Anytime, when the front month contracts are expensive than the back month's. Any rally to the upside is to be taken with a grain of salt. Because, Market is pricing in more risk on short term contract than the long terms. And risk in the general market knows only one direction, which is ________. assuming you know the answer. I will leave that blank. Any rally...
One of my current clients is a big trader of the German DAX so i find myself looking at this index on almost a daily basis. The more I look at it, the more I enjoy breaking it down as it seems to be a pretty technical friendly chart. When taking a look at it today in my Live Trading Room we noticed a few things. The obvious structure level looking left, the...
Linked in created and inverted ascending scallop -- confirmed. (thepatternsite.com). A bonus is the U-shaped volume with the pattern. This alone sets the target price at 279.25. In addition, a cup and handle is in the process of forming, which if successful, sets an intermediate target price at 263. On Balance Volume (OBV) also remains in a very positive upward trend.