ETHUSD Cup and Handle Entry And TargetsIf the pattern confirms, my entry is upon the retest zone and targets are given in the chart
Formation
A (LUVLY) Head & Shoulders formationA well-defined Head & Shoulders formation has been created since January of 2017 (this is a two-year-bearish formation). Long story short, the price is expected to be testing the formation's neckline (around the $50.00). An ideal initiation of the short-idea would be a confirmed (bearish-reversal) candlestick on the weekly chart. The candlestick should be somewhere below the peak of the right shoulder, preferably near the neckline.
*Always remember: this is an opinion, not a recommendation*
May the trend be with you
Waiting for confirmation of the break.South32 is a globally diversified metals and mining company. They mine and produce bauxite, alumina, aluminium, energy and metallurgical coal, manganese, nickel, silver, lead and zinc in Australia, Southern Africa and South America. In May 2015, South32 successfully demerged from BHP Billiton and listed on the Australian Securities Exchange, the Johannesburg Stock Exchange (JSE) and the London Stock Exchange.
Weekly: There has been a break of the support trendline but price pulled back above it. I will be looking at smaller time frames to confirm whether the break to the downside will be confirmed.
H4: A breakout on this structure would indicate the start of more downside with targets around the 2400 mark. There is the possibility of another leg up but at this point in time I am expecting to see confirmation of the downside.
Twitter's shoulders are under a lot of pressureSimply put, I see the bearish-reversal Head & Shoulders formation on Twitter.
Once confirmed with a strong breach below the $26.00 (the formation's neckline), I see two price targets south of the mentioned neckline:
$17.40-$19.50 levels (Fibo extension near an old breakout gap)
$6.00 (classical measure of a typical H&S formation)
Volumes has been dropping since the creation of the left shoulder, indicating less interest in market participants' appetite for the share.
The proper stop-loss for such short position should be above the right-shoulder's level (>37.23). Your risk-appetite, however, could be different.
*Always remember: this is an opinion, not a recommendation*
May the trend be with you
USDZAR Possible Sell LookoutWe can see a clear head and shoulders forming right now.
Wait for price to retest the resistance level and then we can sell.
if price breaks resistance wait for one more flag a buy and then we can see USDZAR dropping again.
20181204 19:03 EURUSD M15 finished M-formation targeted 50 pips Since the day opening, EURUSD in M15 TF has been rising until it hit the Friday's High level (dashed upper green line) manually extended from the auto-generated by Graph Reader Pro 4.0 Invited-only-script. On 20181204 19:03 EURUSD M15 finished M-formation around this green line of 1.14000 USD/EUR. The completed M-formation allow a selling opportunity with a price target of at least 50 pips downward. I was driving and just have a chance to post this. The confirmation of SMA3 crosses down SMA13 had already occurred.
The Strat broadening formations on weekly scale.Following from the smaller scale charts posted previously, weekly scale shows 2 triangles in action from outside bars. Missed the smaller scale one which perfectly tagged the recent low but i've done some more studying and almost completed the strat course, so my eye is sharpening every day. Larger scale triangle still has lower edge to tag, as previously mentioned it aligns with yearly pivots.
BTC - too early to Tell - Broadening PatternCould be broadening pattern (ascending, expanding, or bottoming ), needs more confirmation, but something to keep an eye.. good luck trading
eos/btc short! According to Btc Support,
After completing the shoulder, head, shoulder formation, the path to follow, short time!
Good Luck!
Short Term Price Target For SPX, Ascending Broadening WedgeGot this on the 39 minute chart, the crazy part about this is that the price target measurement lines up perfectly with the established trend line, let's see what she ends up doing.
BTCUSD Bitcoin Another Potential IHS in formationBTCUSD Bitcoin Another Potential Inverse Head and Shoulders in Formation
Bitcoin has held up well overnight and is now making a lazy attempt to grind higher and potentially to complete an inverse H&S with a minimum upside target at 7400 - but the biggest test will come at the neck-line at 6615 on this feed.
It has to break above here on rising volume to trigger.
Would rather buy dips again at this point and see how it reacts at the neck line if touched later.
If it can make it to the neck-line and volume stays low it will more than likely reverse lower again from there...at least at first.
The last big IHS to left of chart was a massive fail to begin with on the first test of the neckine - it went on to make a deep right shoulder but still completed to the upside in the end if you remember.
The last little H&S yesterday was very true too (within 1 point anyway).
But the IHS before the one shown at left of the chart was a failure.
They are roughly 60%/40% successful in my experience (at least the ones mentioned here anyway)
Time will tell, as always.
Sorry for not updating much on Tv over the summer. However there are regular updates available for day-traders via links at top-left of main page.
SandP 500 Index Head and Shoulders Formation
SandP 500 SPX500USD
The head and shoulders formation mentioned in earlier posts has duly formed its right shoulder over the last 24 hours or so - it's higher than it should be for a perfect H&S but nevertheless it still looks quite powerful.
It carries with it a minimum downside target at 7242 which is close to the fixed support line at 2740.
It was a sell once the neck-line broke at 2797 back to the 2790 line for a quick scalp - sorry, was too busy with Bitcoin update to get an S&P update out quickly enough.
Right now it's holding up from a low at 2789 but the counter-rally cannot be trusted.
The mood is still febrile, animal spirits to the fore.
Earning season makes for jumpiness, not helped by Trump's level playing-field mantra playing out across the airwaves.
It's time to look for the next best opportunity from here...
Ideally the S&P will rally further back towards the neck line at 2797-2800 range around the US open before falling away again to the downside target.
And if we don't see the counter rally as above we need to be ready to short once the 2787 level is broken with stops above here by 4 points or so.
We should get some action today.
Get ready!
*For updates to major markets in real time over the Summer hiatus please see link to Global Markets at top-left of main page.
31st July Update
We also have Apple numbers after the close which should give some succour to the bulls today.
It can therefore counter rally to 2809 and above to the parallel immediately above it at likely best before it comes off again.
Eventually it should break the little dynamic underpinning the current counter rally and fall away to 2796 at least and more likely to the 2790 line where it should bounce again. A quick scalp at likely best.
If so it will start to form a potential head and shoulders - perhaps waiting for Apple numbers - which may then go on to create the right shoulder.
Still too sketchy right now to know that though.
At any rate cannot trust the rally yet - at least until we see a restest and double bottom form at 2796.
So far this looks like a dead cat bounce.
Was hoping for better clarity here, looking for a better/bigger short from higher up.
But Apple's figures may just upset that apple cart and muddy the waters even further.
Looks like scalps at best again so far today : (
EURJPY H4 | V-formationi took this trade... it's V formation and Test one
early i will update the strength number.
Bitshares Bullish Broadening Pattern...target Bullish bitshares broadening pattern shows the potential of a massive rise upon its next ascent...target to the $1.70+
NZDUSD Short | V-formationif market go this sell zone i will take my sell position.
v-formation
note: risk is yours
EURJPY SHORT SETUPIn resistance area bearish bat - wedge pattern, must wait p.action signal / wedge breakout.
Symetrical Triangle Formation BTC/USDThe Symmetrical Triangle chart pattern is a really effective chart pattern that you can use for swing trading . Because the symmetrical triangle is considered a continuation pattern, you should watch for the breakout to occur in the overall trend direction.
Symmetrical triangles can be very profitable when you trade the breakouts that happen either downwards or upwards.
GNT - Golem CUP of TEALooking at the daily time frame a cup and handle formation is forming.
(This is not financial advice, this is a volatile market where anything can happen)
