POTENTIAL HEAD AND SHOULDERS PATTERN HERE. A DECLINE AND BREAK OF THE ANGLED NECKLINE WOULD CONFIRM THE COMPLETION AND THE SHORTS WILL BE IN
If the AUDJPY completes the shown head and shoulders pattern (closing below the blue line in chart) we go short with our profit levels at 89.6.
With declining volume on this last rise, as well as an overbought RSI, we could have a pretty ugly head and shoulders pattern on the daily. If we fail to break the ATH, I would bet on a decline, with a target around the 190 zone. We all know this is a hell of a stock though. With so much optimism, we could continue to break new highs, so be careful. Goodluck.
Head & shoulders pattern forming with an opportunity to place a nice short with an objective around 2,5. It should be resolving tomorrow or maybe in two days. Protection could be placed just before the 3 bareer. This limit will take some time to pass, but once we close a couple of sessions above that value, I believe we will keep up, but it won't be soon I guess.
Analisa forecast ambe untuk USDMYR, matawang negara sendiri. Ringgit boleh jatuh dari 3.25 kepada 3.73 dalam masa 160 hari. Ambe forecast ringgit akan ke harga 3.25 semula dalam masa lebih kurang 110 hari lagi (September 2015) insyaallah. Sama-sama doakan untuk ringgit yang lebih bernilai, dijauhi dari malapetaka dan dikurniakan kestabilan. Buat masa sekarang...
Overall bullish because of QE and I see a potential inverse head and shoulders pattern. Any thoughts welcome.
Looking for a inverted head and shoulders to complete a setup, just need the right shoulder. Once neckline resistance is broken expecting a run to long term trend line resistance, failing then returning to neckline support.
GBPUSD on the daily looks to be setting up a inverted head and shoulders pattern. Neckline is supported from the 38% retracement from the move down from JULY 2014. If neckline is broken target 50% fib @ 1.5847.
A break of the neckline with volume will allow bearish run targeting 74.
We seem to be close to complete a classical head & shoulders reversal pattern. If we break the neck line around 234, it is possible that we will keep all the way down and then possible short position with an objective around 222. This situation should resolve in the following 2 sessions (8 h)
This is my idea on how to trade this inverted head & shoulder which i noticed, as im fairly new to trading it would be nice to get some input from you guys if I set up my trades oky or not. Appreciate everybody's input in advance Im new to trading and everything related to forex so please be gentle :) ps: MY SHORT IS OPEN , waiting for the price to drop and...
TEO makes a typical head and shoulders pattern, after breaking the neckline prices confirms the pattern with a pullback to it. The target for esta pattern is 18 U$S
there is a possibility to short after a day if tomorow candle is red than it a head and shoulder aiming to 1.919..if tomorow candle is green than it should be long to over 2..wait until tomorow
Trade ideas are based on my anticipation of an inverse head and shoulders. This should atleast help gaining some orientation for price action and time windows. Make sure to check out my other charts for more information. Feel free to leave comments or questions bellow and upvote this chart if this is usefull to you. Cheers : ]
Impulse leg XA followed by AB=CD correction into 0.786 level. Typical Gartley pattern. Expect a bullish resolution the next days. 1. Target 262 is very likely 2. Target 275 becomes likely after break of yellow neckline Stop Loss bellow the current double bottom at 235 Don't go all in 50x on this one, though. Cheerz : ]
Neat downtrend. Inverted H&S (please if you disagree let me know). RSI and CVI (Cumulative Volume Index) both high at Head's peak and low on right shoulders: Note: Since there is no volume, I looked at the CVI, but I don't know anything about it....:( The target (1.077) converges with the top of the downtrend (resistance).
Resistance breakout with higher lows and higher highs recently. Company is enjoying success with expansion of its Niobe system products in France. There is a inverted head and shoulders reversal pattern. Q4 investor conference on 2/25 4:30PM EST at ir.stereotaxis.com Stereotaxis is a healthcare technology and innovation leader in the development of robotic...
The head and shoulders has been more or less confirmed. As we have a tone of resistances and not a lot emotional strength to begin or continue our short term bull rally, we will likely see a break not only of the current lower support line but also of the head and shoulders support line. In my wishful thinking we will perform a adam and eve bottom and then got...