Headshoulders
ESNT more like, DSNTLooks like break of a neckline on a weekly and daily chart. A sloppy head and shoulders. Symmetry support held at $48.15 this morning after earnings, but my dowsing suggests selling rallies with a trend reversal, and that ESSENT is in DESCENT.
2 Bar daily squeeze likely to fire short, and I expect downward pressure on indexes, so this looks like the beginning of a downtrend.
I wouldn't want to see it close above it's 20 period daily MA (now at 51.30), but stop at $52.
Entry anywhere under there.
Hold ~9 weeks. Target $34.38 area
Inverse Head & Shoulders Us30Price hasnt broken the support level, possiblity to form inverse head & shoulder on H4.
Right shoulder to be completed for a full H&S.
Review of Execution of GJ Signal: Inv. H&S for +157 pipsThis is reviewing an actual entry I took for GJ which resulted in far more than my target being hit. As you can see, paying attention to-- being aware at all times of a dynamic market-- and being ready to spot an inverse or a regular head and shoulder pattern can pay out big time. They are my favorite patterns to trade, because if done RIGHT, they have a very high probability of success and continuation probability (allowing for tight stops, and RRs of 1:4+)
CADJPY Broader Head and Shoulders PatternLike what I see here on the CADJPY.
We had our downtrend, and now have made a reversal pattern here. Today's daily candle closed higher above previous highs and had quite the strong break, although I would have preferred if it close above the wicks.
This trade is valid above the 83.00 higher low level. That is the swing we are working with.
Would be looking at 85.00 for take profit. Cad could also coincide with the Oil break we have had.
Shopify no signal no partyh&s didn't complete. It may reverse. It should pass right shoulder peak and we have an inverted h&s.
It still can morph into another figure, but I would not buy such bigger range patern.
Next Target: 6400$ - Heads & Shoulders + 0.5 FibPrevious dump volume matches exactly to the 6400 support level we saw earlier at 17 May 2018 if it is to break at 7700$. It also matches some support trend lines since 26 June 2018. Fibonacci 0.5 retracement also confirms this scenario if it is to play out like this. This is a 20% organic drop from where we are right now.
JCOM, J2 Global Inc. - Breakout on Continuation PatternNASDAQ:JCOM
Very clear breakout of the resistance of this pattern, head & shoulder of continuation of a trend already started years ago.
Statistically, we know that we have an average profit compared to the allocated equal to 4 times the potential loss, and the profit is achieved in 45/50% of our trades.
Aud/Usd got inverse head and shoulder!Seen good profit if you take buy with 2 tp! 1st=0.67937 2nd=0.68239
good luck
Head and shoulders on daily chartWe can see here a lovely head and shoulders forming on daily chart showing a potential drop equal to the neckline as drawn out on chart. TP will be set at 1431, should see over the next few weeks. This is just a pattern analysis, do not take my words for gospel.
Price action shows good tp It shows good profit @ 4hour time chart. It's good H&S ! we wait for back candles to green then get good buy position to tp mentioned.
good luck
DAX SetupThe price has clearly coincided with a Head and Shoulders pattern, and heading for the support trendline.
Afterwards, it could either breakout downwards(WAIT FOR A CONFIRMATION) or bounce upwards.
Good Luck!
REN/BTC Head and Shoulders PatternBINANCE:RENBTC
Looking like a head and shoulders reversal here on the 2 hour. This is not financial advice and this is my second chart published so feedback would be welcomed and appreciated.
The top of the head is around 1394, and it breaks the neckline at around 1256. That is (rounding up) approximately -10%.
By taking -10% from the breaking of the neckline we get to the level around 1078 which also stood as resistance on the 22nd and 23rd before breaking above and creating the left shoulder.
Using these numbers, a retracement area of around 1078 is calculated as a price projection for a possible reversal - if the volume starts to show signs of increasing around that area. That 1078 area will be very crucial in determining if the trend will go up or down.
Also further confirmation for the h&s is the decline in volume from the left shoulder, to the head, and finally to the right shoulder. Aaaand the RSI of course is decreasing as well signalling an undervalued price.
It's hard to say where it will go from there but I would say it would go to at least the previous high of the head around 1394. Anyways I have spent way too much time on this so I hope yall appreciate and I really hope my rambling makes sense. My decision-making fatigue is pretty maxed out by this point in the day.
Safe trading.
Head and shoulders ( Hombro Y Cabeza)Tanto el día como las cuatro horas muestran un patrón de cabeza y hombros. Cuando esto ocurre, a menudo hay un empuje más alto antes de caer en picado. Mi objetivo para BTC es de $ 8350 con una mecha de hasta $ 8400 antes de comenzar a descender.
Both the daily and the Four Hour are showing a head and shoulders pattern. When this occurs there is often a push higher before plummeting down. My target for BTC is $8350 with a wick up to $8400 before we begin to decend.
GBP/NZD: Day-Swingtrade! S/H/S-CHANCE!Hey tradomaniacs,
welcome to another free signal!
Important: Wait for the Breakout and place a sell-Limit!
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Type: Day-Swingtrade
Sell-Limit: 1,93032
Stop-Loss: 1.94035
Target 1: 1.92095
Target 2: 1.91732
Targt 3: 1.90815
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LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
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Long for USDCADThis time is for LONG in USD/CAD because we finished the Head-Shoulders inverse pattern.
Happy trading.
