I think this is a retreat, suitable for sell :-) Goodluck
H&S Pattern on Eur/Usd and its also broken the trend line. Hoping to see 1.11 again
Bitcoin seems to form a pretty clear "complex Head and Shoulders" as tought by John Murphy in his book "Technical Analysis of the Financial Markets", one of the foundations in education of technical analysis. As Bitcoin was not able to set a new high, we may now see the start of a correction initiated by exactly that head and shoulders. The decreasing volume from...
Running over FX:EURUSD . Neck will broke? let's see. Remember, FX can't be predicted. See yah.
I think a clear head and shoulders is forming. It could rise up a little more and then drop the length of the neckline. Textbook head a shoulders move. This would put the buy zone at 4700 conservatively. This would be wonderful right before the fork for those who want to buy big. Resulting in a huge push to ATH. A textbook setup to subtly dab on the haters.
Watch closely as the right shoulder is about to make a critical movement on the weekly chart that could signal price reversal. RSI indicates $LTCBTC has been oversold for a significant amount of time. FIb levels on the weekly provide STRONG support levels.
after the obvious h&s completion and retest of neck line its projected to head to next previous support zone
HEAD AND SHOULDERS REVERSAL PATTERN
H&S pattern, showing bullish signs. Consider buying after confirming bullish reversal
Im 100% against gold right now. I would have bought NUGT, but the stock just got through the support line and it forms an head and shoulders pattern. Thats why I went against gold and bought DUST
CADJPY: Selling at fresh supply level. Waiting for reversal pattern (right shoulder of bearish head and shoulders) to complete in lower time frame.
WTI: USOIL: A newly formed head ans shoulders top formation now in play with a downside target at $44. Look to sell rallies from here until target is achieved.
DXY: Dollar Index daily chart showing head and shoulders and ultimate downside target at 95.05
Trading idea and price prediction for (FX:CADJPY) from trader Nika Lekishvili www.tradingview.com ~ My Channel GL !
Price rebounded again on a support level. Now waiting for possible SHS structure. If price stops in the next resistance level, price could be drop till the neckline and then, if it breaks, till the next psico support level(1,000)
EURUSD just broke the neckline of a head and shoulders pattern. Pair is also pivoting off a yearly and quarterly pivot point cluster. Only obstacle is the yearly pivot level, if that breaks, I expect the head and shoulders measured move to happen which will also fill the GAP many FX brokers have on their charts. Yearly pivot could act as a pullback area to the neckline.