Hello guys and girls, hier is my idea, I think for all of you who are familiar with the head and shoulders pattern, you know how to read my drawings on this chart. I'am already short on this one, maybe a little bit to early, but we will see. Pleas feel free to share your opinion about this trade in the comment section. With best regards, Jens
BTCUSD graph formed a head and shoulders pattern which created opportunity to short. I indicated the shoulders and head. The minimum target is the vertical distance from the head to the neckline starting from breaking of the neckline. Volumes are acting accordingly. For BTCUSD, this is a good opportunity to short. If you enjoy my graph, please make sure...
Inverted Head & Shoulders setup in-process first structure point to break through is 0.71900 and it should be a steady ride up to 0.72400
Possible head and shoulders forming in WB. I was expecting WB to rise with the large tech stocks but with the weak performance of most tech stocks other than AAPL recently I am afraid they will resume their downward pattern. They had a strong upward pattern since May but a Head and Shoulders is a bearish reversal pattern. I'm not sure where to put the neckline...
TF: 4 HR Potential inverse head and shoulders pattern may be forming on the 4-hr TF. The potential retracement to make the right shoulder would align around the 0.382 and 0.50 levels making this a decent trade to the upside.
EURUSD has been in bullish trend for some time now and we see perfect pattern of Head and Shoulders at the end of the bulltrend, so a reverse is expected. We have broken a few times the neckline, but went right back through it, which is called whipsaw, made only to trigger orders and stoplosses. Execute a sell order with small lot and put the stoploss at the high...
Possible H&S also in the making with targets in #FVG
As we can see, when we started the channel we had head and shoulders pattern which was successful, so right now we are inside a channel and we have formed another head and shoulders pattern, so if we break through the neckline, we should expect a drop as following. there are 2 supports that we have as TP . Good luck!
EURJPY is more likely to form a head and shoulder pattern. If the reverse head and shoulder pattern is created, we will have a target of 122,500. If the pattern is not formed, the price is likely to fall to 118,395. Signal by Yazdani
as you can see on elliot counter the rpice is nicely on correction phase and some how is similar to Head and Shoulders just wait to retest the neck line and bingooooooooo
Kind of a late post but nonetheless I think it's a good setup. Enjoy :D
Potential! Just a idea.. chart looks like it will retrace 10k barrier on higher timeframe again denied. follow Cryptonicx for more stuff like this! <3
Hello traders, by the look on the 4h chart, it seems very likely, we are making inverse Head & Shoulders pattern, which is maybe one of the only patterns bitcoin really follows most of the times. If thats going to work out, we should make another shoulder down to around 8750/8900 area and when price go back up to 9150/9250 and brake the neck area, we should get...
A head and shoulders reversal pattern with a potential target of 8k . 8k is where is in confluence with the 200sma on the daily - currently at U$D8040