$XAUUSD - 4 hr chart. The inverted H&S formation sits within a support zone. Call it retests of the zone. Watching the price action for a trading opportunity
Textbook inverted H&S formation. The level of the right shoulder has been retested & breakout has commenced. I will wait for a retest of the break as a part of my risk management process
In the business of rare earths extraction, processing & development in Australia & Malaysia (risk). As things heat up with China (who controls rare earths globally) this bears watching. The price is close to the long term trend line. Support & resistance zones in red dotted lines
The company engages in mineral exploration in the Northern Territories in Australia, primarily gold& copper. It is a WA based company. Technically the chart has 2 rounded bottoms formed & the price is at the breakout level. I always advocate you wait for a retest of the break before making a trading decision. Risk management is the key to success
A2M Currently range bound between $17.75 & $19.05 but also forming a bull flag. Presently impacted by trade tensions with China. Worth keeping an eye on
Not a stock I would generally get involved with but this one has my interest. Inverted H&S formations that breakout & drive the price higher combined with bullish indicators make this interesting. But then these days, throw a stone & it will hit a bullish stockFace with tongue
$BDC - Has broken out of the downtrend, as well as a few resistance zones. Worth watching for an opportunity
Has broken out of an inverted H&S pattern & consolidating around the $0.50c resistance zone. This is worth tracking as a break above will have bullish potential. Thanks to @DebraG_Robins for pointing to it.
After dipping down to the 88.6% fib retracement level, it has recovered back to the $0.90c levels. It faces a historical resistance zone near the $1.055 level but once it breaks & closes above that the potential is good. Based on the slow stochastic it is in oversold territory. Wait & Watch
I have just published this idea on twitter too - After a retracement down to the 78.6% fib, it has started moving. Change to a Weekly Chart & see the bullishness whilst daily shows the breakout. In this market I would be comfortable if the breakout level is retested & then we have a continuation of the move up.
Do you really need an explanation ? If so stop trading
A2M has held up pretty well in this downturn. It has formed an inverted H & S pattern and has shown resilience. IMHO this is worth keeping an eye on
SLR has been showing some strong moves...watch for a breakout or a breakdown..IMHO the former is more likely in view of the strong showing PS - That is a 4 hour chart
IMHO This stock has a great future. The chart is of a 4 hour timeframe & a picture speaks a thousand words. Be cautious buying any stock at current levels till we can identify a trend.
An inverted H&S pattern with a break. My simple advice is let the price action retest the break & move up before you commit
$VIX - Have a look at the daily candle. What does it tell you ? Bullish ? In case you get the wrong idea about the VIX, it moves inversely to equities
$BBOZ Daily Chart - Daily candle is a shooting star indicating a reversal, at a previous resistance zone with diverging RSI. This adds to the conviction of a potential change in direction. We have also not seen a retest of the breakout levels, so caution is advised
ABC.ax is a construction company and will yield some benefit from the Government's infrastructure spending. It is forming an inverted H & S pattern. As has been the case recently, with many inverted H & S patterns, the price breaks out, comes back down to test the neckline and fails. Do not let the pattern fool you that it is bullish. Wait for the retest. Do NOT...