Bitcoin Triple Double Bubble Trouble?my comments on the graph, thanks for looking. I hope we moon but..
HEAD
EURAUD potential short opportunityVery suggestive chart with a potential short opportunity developing.
2 months trend broken and price approaching daily pivot. One needs to closely watch the reaction at the pivot. A close below, would indicate that the H&S pattern might actually work.
Bitcoin Speculatin' & Entertainin' Chartin' Monday Madness!$1300 IS THE TELL. Which way will it go? H&S / Double Top forming? Hedge your bets
EURUSD Potential Inverse Head and Shoulders Forming on the Daily Potential Inverse Head and Shoulders Forming on the Daily
Crude Short Head and Shoulders Formed Price has not managed to break through resistance at $53.45 creating a head and shoulders pattern, now we should be looking to hit target of $52.20
USD CAD is Making shapes! So OK. I was wrong the first time about the break out on this market and it cost me 100 pips. I learned the "wait and see" lesson (again). And a lot of the other traders did predict this spike back up into trend before the bear run.
However, what to watch for?
So this newly formed head and shoulders gives us its neck line on old support/resistance which is nice, it allows for an aggressive bearish trade off this marker, and also gives us an upper section of the forming bearish trend. I will be taking this trade which I expect to line up today, but I will be entering on Bearish candle patterns only and a clear rejection of the resistance. Ill be setting my stops above the recent shoulder but will be managing this in real time and getting out at the first sign of trouble.
A longer term and more conservative approach would be to wait for confirmation of the blue trend line and sell off this on each pass. I'll probably be doing that too, but that's one for next month.
Head and shoulder Possible head and shoulder, i think that the third blu triangle will be completed, so for now the idea is going short till violet line. Reached this line, in my opinion MCDONALDS will follow the down trend (under blu line) with second target fix to orange rectangle (zone 113.36)
possible Head and shoulders bottomleft shoulder, neckline and head have all formed, waiting for right shoulder which could trigger a possible reversal move.
Possible H&S pattern on EUR/GBP 4h chart We about to cure that dandruff with this head and shoulders baby.
NZDUSD: Beautiful H&S pattern right here!With the weekly chart bouncing off the 50% Fibonacci level AND creating a strong bearish engulfing bar, further confirmation comes with an absolutely beautiful H&S pattern right here!
However, I expect it to retrace all the way to the previous trendline that it recently broke off.
Comment and let me know your thoughts on this! May the pips be with you!
GDX head and shouldersThis looks a lot like a head and shoulders pattern to me. If the stocks goes back to 22.28 ( the last support level), it's probably going to cross it and go down by a lot.
LONG Trading the head and shoulders patternsn the above chart, we notice from the left of the chart, that price was in a down trend. Soon, it establishes resistance level and drops lower only to rally back up to test the resistance. On successful test of the resistance, price drops back to make a lower low, forming the head and eventually makes the right shoulder.
After this, price breaks the neckline resistance and starts to rally. In terms of the projected price, it is the measured distance from the head to the neckline, projected upwards from the break of the neckline. As can be seen from the chart, price continues on to rally making new highs.
Trading the head and shoulders patternThe above chart, we notice from the left of the chart, that price was in a down trend. Soon, it establishes resistance level and drops lower only to rally back up to test the resistance. On successful test of the resistance, price drops back to make a lower low, forming the head and eventually makes the right shoulder.
After this, price breaks the neckline resistance and starts to rally. In terms of the projected price, it is the measured distance from the head to the neckline, projected upwards from the break of the neckline. As can be seen from the chart, price continues on to rally making new highs.
xag usd looking for short silver after break through the trendline and neckline of this little head and shoulders
Short EURGBP - H&S forming in Supply ZonePurists will tell you not to trade the H&S until the neckline breaks. I tend to prefer the outcome of looking for a nice reversal on the right shoulder, because you're already in a zone of resistance as proved by the left shoulder and head. If you do see a good reversal pattern at this level, you have a good chance of returning to the neckline as an initial target and an even nicer reward if the neckline breaks and you head further down to confirm and complete the H&S pattern.
In the case of EURGBP -0.23% I think this ties in well with a period of likely uncertainty for the EU, which is likely to cause headwinds for the Euro 0.11% and possible a flow of capital back towards the pound as the predicted brexit armageddon continues to fail to occur.
Head & Shoulders on 1DI am still very unsure of what this pair wants to do. As of right now I see a head and shoulders on the higher time frame. I zoom in on the lower time frame and its confirmed. As of right now I am just watching to see what the candles paint. I strongly believe I may be shorting this pair. ***** This Is NOT A SIGNAL*****
