Right now, Ethereum is struggling to hold support around the $217 area. If the Neckline snaps with big volume, my target would be somewhere around $185. This is a little less than a measured move from the head to the Neckline. While the RSI on the 4 hour chart doesn't have that much room to go, I surely does on the Daily chart. I wouldn't necessarily anticipate...
ZCash is one of my long holds so regardless of whether or not this inv h&s pattern breaks I will be holding. I'm pretty confident it will at least be testing the neckline soon and likely breaking upward. If it does break upward I have the price target posted here in green.
Another chance to buy AUDUSD. Head and shoulder pattern was formed and now we can buy in the pullback to neckline. Signals: 1. at this time, Neckline is the support level 2. pullback to neckline in head & shoulder pattern 3. 50% retracement of last bullish move 4. round number 0.72 Buy = 0.721 SL = 0.719 TP1 = 0.726 TP2 = around 0.734
Looking at the above chart snapshot, a bigger picture is showing that the price has been confined in a channel for a very long time!. KIWI now targets the 0.66300 area of interest of the upper channel. The main chart shows there is an inverse head and shoulders formed on the 4 hours charts. If this pattern break and the price retests the neckline we can opt to...
This could get ugly. Neutral until it breaks the 200EMA (neck-line)
Looking at the Monthly charts, it was already evident that the long term trendline at around the 1.23000 level was rejected for the 4th time and in the process to conform the break to the further downside, this pair formed a H & S PATTERN evident on the weekly charts. However you might be asking why is the pair not trending down as its suppose to and instead...
We can spot, that the Double Top pattern has confirmed. The second TOP candle is bearish pin-bar, which is signalizing the reversal on the market. It pushed the USD/CHF lower. We could see the market consolidation, which lasted more then 4 months (0.98-1.006). The neckline was set at the value 0.98, which had to be broken to make the formation valid. A few days...
After complete double bottom, Price pullback complete 2618 trade setup on support level and neckline area. target on chart
Bearish Crab on resisten level. arrow will be confirmation for this setup. targeting neckline which is default target for this pattern.
Price broke the neckline, it will probably pullback where we can look to sell with an optimal SL above the two lines crossing. TP1: 1.29200 TP2: 1.27100 Target:1.25010
Further to the previous head and shoulders top pattern which met target, the DXY is setting up for a larger downside pattern. I posted the chart pattern in the link below (refer comments section) just as the neckline broke out. Sloping necklines perform really well, so expecting a nice drop. This really does spell trouble for the US Dollar and could be a major...
"We're going higher, higher and higher" - ABSA Theme Song :) Details on the chart y'all FOREXCOM:EURUSD
Bitcoin Updates Bitfinex Bitcoin finally broke higher at the highly inconvenient time of 01:55 Bst 20:55Est. For those lucky enough to be around for it this triggered a long from " the break above 6500 for a scalp to 6616. If volume stays low look to close down a little below here . The 6616 line is the neck-line of the still smouldering IHS. Any break above here...
After one of the most massive bullish 4hr volume candles we've seen in a long while, We shot all the way back up to the neckline of the inverted head and shoulder pattern that never quite got invalidated but is now looking rather ugly. Had I been watching the charts when this bullish volume spike occured and saw the rejection I would have exited at the neckline as...
Well the .1.14500 Crucial support was surely broken last week with a strong bearish candle evident on the weekly chart, thus completing the head and shoulders pattern in the process!. Well so as the classic rule of head and shoulders would say " enter short or long when the price retests the neckline of the completed pattern". This statement holds true to some...
Price retesting resistant area and potentially to make one more downside. this is give us an opportunity to sell. RSI also shown bearish divergent. We can put SL slightly above 61.8 level or when price break trendline
Price retesting support level once more. and now looks trying to up again. on the smaller timeframe we can see price complete double bottom and break trendline. we can take a buy entry based on this setup