neckline

All eyes are currently on the potential inverse H&S that might be forming its right shoulder on this pullback, and if completed it could take the price to around 5300-5400 area which is the projected target of the pattern. As we've all noticed, when everyone expects something due to it being obvious on the chart, BTC tends to do the opposite, so don't put too ...

The neckline of an inverted head and shoulders is being examined as resistance, and all eyes will be on internal trend momentum to see if the price can breakout to the upside to continue wave 3 of the new motive wave to the upside. The ADX measures the strength of trend momentum and the indicator is turning to the upside inside a trend strength building zone ...

This is building setup is true trader´s dream, not only the Volume is a match, we have bulldivs on daily and 3-day, also the confidence BTC gained from the last break-out of an inverted H&S within the full year of consolidation are signs AGAINST this being a Bulltrap. This is so crazy obvious, I wonder if that will be the reason for a total fail of this Beauty. ...

The breakout targets are still roughly pretty close to eachother even though price action on the flag is now looking more like a symmetrical pennant. I anticipate a break upward from the pennant no later than tomorrow but possibly tonight. That will put us above the neckline of the inverted head and shoulder pattern...I'm still not completely confident we will ...

Still watching this neckline for a possible breakout. Buy dips and buy the breakout

Looks like a start of a 3rd wave, which should bust the neckline of the inverted head and shoulders pattern to the upside. Staying Long.. protective stops placed just below $3200.. will raise as price rises. Thoughts?

28.12.2018 @ 4:22PM Marked out where price may in the future move too.. I dont see price breaking the 1.14858 mark and making a new high. This train of thought is influenced by the fact that the economic outlook is rather bearish on the EURO but also the fact that we are touching a downward trend-line influenced on the weekly charts. There is clear resistance ...

Bitcoin looks to break this neckline and drop back into the low 3000s

This is a classic head and shoulders pattern that may be signaling a long term buy on the USDCHF pair. The key is to be patient and pick a good entry for the long side of the trade. Remember, Risk management and Money management are the two thing that make or break any trader, no matter the system you trade.

You can see here on the 1 day chart that price has broken well above the neckline but is seeing resistance right at this blue horizontal line...what you cant see here is that the candle has already thrown a tiny wick above that line thus forming a higher high over the green candle where the horizontal line starts...in doing so XRP has broken the inside bar ...

A possible H&S has been forming on the EUR/USD chart since mid-July 2017, visible through the daily chart. The pattern has already threaten to break through in August 2018, but instead, happen to be only an extension of his 9 months old head. Back in September 2018, it attempted to break through to the other side, trying to outperform the top of its right ...

As I had predicted in my previous bit coin cash idea on here we reached the neckline of the double bottom on BCash and have finally triggered the breakout...the price target I have listed here is a great palce to limit sell, although we may run into decent resistance at the 1 day 200ma(in blue). We may also start to wick down just before this target too so a pip ...

An almost complete head and shoulders pattern is observed in weekly timeframe for EURUSD with descending necline trend is about to be approached. It would be interesting to see how market reacts on this level in the coming weeks, but I have SHORT bias on this pair. I believe aggressive trader can enter short trade the moment the price closes below the neckline and ...

GOLD has broken the neckline wait for pullback to short at structure 1235.55 or either short harami trade if inside bar fall below 1231.57 SL : 1240.20 TP : 1221

Hello Traders, My last USD/JPY prediction was proved wrong. However this time we've spotted a bullish break of a Head&Shoulders pattern on the hourly timeframe. Price is now testing the neckline. Bullish momentum might last until price hits the resistance level as indicated in the chart. I wish you a happy trading day. Kaetea Ng

NZDUSD 5 waves & AB=CD completed and has broke the neckline, short the pullback 0.6579-0.6583 good area to short SL : 0.6604 TP 1 : 0.6500 TP 2 : 0.6435

Short Double Top then Pullback on XRP

Hi All, I've still been trading the long term chart on traditional markets while the crypto-currencies are doing a whole lot of nothing! On the GBPJPY, we can see a inverted head and shoulders pattern forming on the DAILY chart. Not that I follow the fundamental news, but any BREXIT news could act as the catalyst that triggers the pattern with a breakout. I ...