EFX: Potential BuyBreaking and consolidating above the channel I'm expecting the price to keep climbing supported by positive analyst expectations. Target at 9,8 CAD.
EFX
EFX, Massive HEAD-SHOULDER-FORMATION, Huge BREAKOUT Incoming!Hello There!
Welcome to my new analysis about EFX Stock Market Price Analysis on the Weekly Timeframe Perspectives. EFX recently developed important dynamics within the whole structure that can indicate further substantial determinations in the next times. Especially after forming the all-time-high at 290 and the pullback that followed this all-time-high EFX formed several lower lows that should not be underestimated together with the main waves towards the downside such a structure is indicating a crucial bearish inclinement that could accelerate down the line.
As when looking at my chart EFX now emerged with several really important structure dynamics that are indicating the further price action that awaits EFX. Within the past days EFX pierced the 200-SMA marked in blue to the downside and already formed a new low below this ever so crucial SMA which served as a major support in the trend-structure before. Furthermore, EFX is now forming a local head-and-shoulder-formation slightly above the SMA with the right shoulder about to complete within the next times and once this right shoulder of the whole head-shoulder-formation has been completed this means that further bearish momentum is likely to develop the next lower lows within this structure.
What is also crucial in this whole structure is that EFX has formed this main descending-resistance-line to the downside marked in red in my chart from where EFX already pulled back several times to the downside meaning that there is a overwhelmingly high indication that EFX pulls back from this descending-resistance-line once again with forming the right shoulder of the whole local head-and-shoulder-formation. Such setup will complete a massive origin for the next lower lows to be formed till other supports in the whole area are tested which consist of the neckline of the global big picture head-and-shoulder-formation as well as the 400-EMA marked in red. These levels will be determining for the completion of the whole big picture head-and-shoulder-formation because once EFX broke below these levels it will mark the completion of the whole global big picture formation.
In the next times a pullback to the downside with paramount bearish inclinements should be considered. Once this happened the next pullbacks below the neckline of the global big picture head-and-shoulder-formation will complete the whole formation bearishly to the downside and will setup the origin for the massive wave-C-extension from this origin on. With the breakout below the neckline EFX also is going to have completed the major wave A and C of the major global wave-count consisting of the waves A, B, and C. From there on the wave C extension with further bearish pressure will setup and this wave C extension will move on till the final profit target zones have been reached within the whole structure which simultaneously serve as support levels to determine a potential change of direction. Once the whole head-and-shoulder-target-zones have been reached further determinations of a potential reversal need to be made. Indeed, it will be a important development and therefore we will keep the symbol on our watchlist and move on forward with the formation completions on the data dashboard into the right direction.
In this manner, thank you everybody for watching the analysis, support from your side is greatly appreciated.
VP
EFX bullish continuation for expect
Hi viewers, EFX price on zone, in last periods bullish push we are have, cuurntly here for next period still bullish for expect
TP1:223
TP2:232
EFX DCA - Inverted H&S Company: Equifax Inc.
Ticker: EFX
Exchange: NYSE
Sector: Industrials
Introduction:
Hello, and welcome to this technical analysis! Today, we're exploring the daily chart of Equifax Inc. on the NYSE. We observe an intriguing pattern within a pattern: a shorter-term head and shoulders continuation pattern nested within a longer-term inverted head and shoulders formation.
Inverted Head and Shoulders Pattern:
An inverted head and shoulders pattern is typically recognized as a bullish reversal pattern, often signaling a transition from a downtrend to an uptrend.
Analysis:
Equifax's price action has been forming an inverted head and shoulders over the past 411 days. The horizontal neckline, which currently acts as resistance, is around $223.50. Despite the lack of symmetry between the shoulders, the right shoulder being higher than the left is often considered a positive sign.
Interestingly, the right shoulder itself contains a shorter-term head and shoulders continuation pattern that has been forming for about 188 days. It's worth noting that the price remains above the 200 EMA.
Aggressive traders could have already positioned themselves with the break of the right shoulder at the head and shoulders, but for the conservative ones, we are patiently waiting for a break above the horizontal neckline.
The price target for the inverted head and shoulders pattern is $300.84, which represents an approximate increase of 34.58%. Meanwhile, the shorter-term pattern suggests a price target of $257, or around a 22.77% increase.
Conclusion:
The daily chart of Equifax Inc. presents an intriguing situation where a short-term head and shoulders pattern forms within a longer-term inverted head and shoulders. A confirmed breakout above the neckline could signal a bullish reversal and offer a promising long position entry.
As always, it's crucial to perform your own due diligence and employ suitable risk management strategies before making any investment decisions.
Thank you for tuning into this analysis. Please remember to like, share, and follow for more market insights. Happy trading!
Best regards,
Karim Subhieh
Equifax: ShortThis stock came up while scanning for stocks that are primed to fall. Take a look at the MACD, it has crossed with plenty to fall. The stock itself has formed a megaphone pattern with plenty of room to fall.
GBPUSD HERE COMES THE BEARS!!!!Finally! Things are lining up to see some bearish action! GU has just made the high of the week. I'm watching the order flow and can see the momentum change. The Delta has been negative on every Hour candle for the last 2 weeks. The DXY is also in a critical decision phase and area. We have DXY News coming up for NY session in 3 hours. According to volume distribution alone price needs to return to value area at least so we will move our stops and ride this one down as far as we can.
GBPUSD making a decisionlast week going into this week I have been looking at and observing so much more information so I didn't get to get this idea in before it happened as I wanted to see things play out to support my bias more. Im expecting for GU to turn bearish. The market is fairly balanced out right now and price returned to a Previous Point of control on the chart. It rejected from the area and as NY session started this morning more sell pressure came into play. This is a area that price can go either direction so if it continues bullish I would not be surprised. I feel this was a good entry and have already moved the stop to break even. Will continue to monitor for further plays to the down side. Just need more evidence that it wants to go there. 1.23129 is a POC for this area. So if I'm right I expect it to hold below this point going forward for todays session.
EFX - Third Bottom TouchPrice is trying to establish support along a strong resistance line
Due to this price will most likely be rejected, once rejected a recovery can be expected at the lower trend line, forming three distinct bottom points
Broadening Wedge
Let's Try Crypto Market with EFXHello there,
This is will be my first trade in the crypto market after 2018.
There so many new rules, so we will try our strategies here and hopefully we will continue to trade crypto up and down.
Please use your SL and PT.
Cheers.
*** This is not a financial advice, I'm still a beginner trying to share my Road here.
Thank you.
EFXBTC Price TargetsThe recent bullish flag pattern has been confirmed and retested.
Therefore, we could look to see a move ranging from 295 sats all the way up to 360 sats (around 30% gain).
Effect.ai is a very exciting project that has already worked with the likes of Akon and Kraft Heinz.
I do suggest doing more research about this project before investing to see how effective (😉) it could be in the future.
If the move to 360 sats does occur then this would mean:
- $100 > $130
-$1000 > $1300 and so on
Equifax bull run following double bottom? EFXLooks like confirmation is just about in for this double bottom pattern on Equifax stock (EFX).
There is also a gap down that needs filling on this chart.
EFX- equifax dead cat bounce overEFX after multi day bounce off its news we had an exhaustiong gap today. watching for this stock to go red on the day and crack support on 60minute chart and will initiate short position for the next couple days. Ideally a green to red move today will trigger. I an not in yet! Need this to trigger.
