Ambuja Cement on Head & Shouler breakoutCurrently It is trading in oversold territory, wait for technical indication of oversold zone if planning to trade.
Hns
GBPJPY BUY & HOLD FX:GBPJPY
TARGET ENTRY
BUY LIMIT @ 1.2600
SL @ 1.2550
TP @ 1.3000
RRR 1:8
NOTE:
Confluence of HNS @ 1D ( price forming right shoulder)
BRN @ 1.2600
Wait for Bullish CS confirmation only enter the market.
**The ideal SL is below the Head @ 1D**
Trade At Your Own Risk
Why I'm Selling Apple - Short Signal- Apple breaks neckline support
- Potential supports labeled below
- Definitely does not look pretty...
Will be interesting to see if it continues to fall!
- Be cautious of upcoming US elections
Stop Loss / Sell:
- 210.00
BCHUSD looking perfectly bearishA quick call for trading short, BCHUSD looking bearish, however, if price breaks to the upside (higher than 532 level) then this trade will be invalidated , bear in mind that the market is currently trading in a range.
Cheers.
Sumaiya.
Sunday thoughts Hey fellas!
I would like to share with you my expectations of BTC movement for Sunday and Monday.
This week was rather hot for guys who are playing mostly on the bear side. As for me, this was connected with BTC overbought and dance around kind strong resistance level.
What I currently see is that we can expect for a positive in upcoming 2+ days. Currently head of an H&S pattern is forming, so I believe in a good opportunity for a daily gambling. Shortly about indicators, Stoch RSI is positive, a bit above the buying zone, HUGE bullish divergence on MACD.
To sum up, last week drop was painful for everyone who holds BTC, guys who wanna fix profits and bought at bottoms already took their profits and they are not interested to push the price down again.
To sum up, I expect for a growth for an upcoming week. Currently, Stoch RSI on 4H and 1D are positive and gives the cue that profits are coming.
PLS, note that I expect for this kind of movement if only H&S will keep forming.
Don't forget to set stop, stop will save your money.
EURGBP h4 SHORTEG head and shoulder H4, this is a really choppy pair in its nature, hardly any definitive directional trend.
Price met resistance at what may be the formation of the 2nd shoulder at the same height as that of the first.
It is not a high probability setup, but may prove to be meaningful, as price moving to the upside after having broken the descending weekly channel. So a move to the downside to retest previous significant supports may be in play.
I will go light on it.
Idea for 16.08.18 BTC movementBasically inverted H'nS. At the moment BTC printed what might be a reversal candle on 1H
DAX30: Weekly - Long-term Head and Shoulders PatternA long-term Head and Shoulders Pattern is completing on Weekly and it is targeting 11400 levels and 10938 at first hand but then 10400 when $VIX gains strong momentum soon during this period.
Time will tell how deep it falls.
EURUSD Short DailyThe image should speak for its self
Wait on break of neckline and retest to short to major support zone down low.
Dont jump in now, else you are chasing price, wait for break and pullback on neckline break !!!!
rev 2: bitcoin prediction HnS failing pattern forming 2/2 This was the smaller potential HnS pattern from my original post yesterday (July 22, 2018) in easier to use than the comment I left yesterday...
This is purely speculative and another pattern could form like inverse AnE (iAnE) instead if we get a pop up towards 7800 and possibly even towards 8200 soon....
US OIL - 4h/1h chart long with possible rejection at 70.00Monthly candle showing bull after previous month wicked short.
price should get to 70.00, if it rejects should hit 67.50
if it breaks 70.00 should hit 71.20
Friday burst off the consolidation looking to hit 70.00, still has some area to cover if it wants to test it.
I haven't analysed oil much but on the monthly there is a obvious higher low on the 1st-jun last year which rallied to the 200ema breaking long Jan this year.
the current month is forming a long wick, but price on the weekly is looking like it has made two higher highs off the 200ema and is looking like it is wanting to maybe reject of the 70.00 level.
i know that oil likes to trend and the smaller the time frame the more the long trend shows, but Fridays pump to me looks like a dump is coming to 67.50 then if the trend is true oil should long comfortably to 72.00
Monday will be the marker on what its going to do this week. but looks like a artificial pump to me - very interested to see what it does because it can move very quick.
BTC inverse HnS forming, reversal?Welcome to my BTC analysis.
The MACD looks bearish , it's nearing the upper resistance. Also the RSI is looking a bit bearish. BTC is approaching the 0.236 fib and the neckline of the white HnS. They will probably let Bitcoin drop to finish the E wave of it's pennant. Then I expect a run to around 7500-7650. Hopefully it will break through the neckline of the inverse HnS. I will give some updates when it happens.
This is not a recommendation to buy/sell.
(I'm posting this again because the other chart was XBT)
BTC inverse HnS forming, reversal?Welcome to my BTC analysis.
The MACD looks bearish, it's nearing the upper resistance. Also the RSI is looking a bit bearish. BTC is approaching the 0.236 fib and the 0.5 resistance from the fib fan. They will probably let Bitcoin drop to finish the E wave of it's pennant. Then I expect a run to around 7500-7650. Hopefully it will break through the neckline of the inverse HnS that you can see on the chart (upper yellow line). I will give some updates when it happens.
This is not a recommendation to buy/sell.
WANBTC updateBTC is trying to keep it down, but another inverse HnS is forming right now. Also big bullish divergence on the MACD as well the RSI. I expect a breakout soon unless BTC goes down, but BTC is looking good atm.
WANBTC 0.236 bounce and HnSDouble bottom divergence on the RSI and oscillators. WAN bounced neat at the 0.236 fib and is now sitting against the 0.382 fib. Also a HnS is forming. If BTC stays stable/goes up the HnS may play out.
This is NOT a trading advice. Trading is on your own risk.
EURNZD - short after rejecting SMA20EURNZD like to follow SMA20, and this is what I will try to play again on that pair. My game plan is to keep short position until it will hit support about 1.695.
If chart will reject SMA20, it will also create HnS formation, which should support our downward movement.
AMZN Possible Head and ShouldersToday's green candle still fits the head and shoulders pattern. Its interesting to see once you draw it out. Let's see if the earnings will break the pattern since it spiked like crazy today in AH.
US Dollar Index in an Ascending PatternThe Head and Shoulder's Pattern started forming on the Dollar Index from the Beginning of October 2017 to the End of December 2017. It break out of the Neckline and retested it on the Mid of January 2018 and fell sharply thereafter. The Dollar consolidated in the Mid of January 2018 in the price range of 91.00 - 90.10 but the consolidation did not remain much long as the unexpected US Govt Shut Down pushed the price even lower to test the Support, but didn't break through it and created a low of 88.25 on the 16th February. After this huge fall of the Dollar it again started consolidating in a Ascending Triangle from the last 60-65 days. Now the Price has already tested the Resistance twice, now it may again test it one or two times then it might break the resistance and test the next resistance of 91.5. If the Price on the daily closes above this mark then the dollar will be bullish from thereafter. Let's see how this price action plays out.
Note: This is my first ever post on trading view. Do let me know in the comments if you liked it or not.
Happy Trading ;)
Inverted Monthly Head and Shoulders in GoldDefinitely not the most obvious inverted HnS, but Gold still has taken that shape nonetheless on the Monthly timeframe. Will be on watch for a break and close above next key resistance level (red horizontal). Could see stocks and Gold appreciate hand in hand again, similar to the recovery after the financial crisis.
Long-term bearish outlook on the Yen.We can see that USDJPY is currently breaking down from its right shoulder on a big monthly Head and Shoulders pattern. The green support lines and purple trend lines could be areas that this pair could fall to over the next year.
BTC still probably going down...Hello everyone, I previously posted a chart on BTC and posited that BTC was probably going down. I theorised on the apparition of a possible double top formation. It looks like something like this has happened and BTC was actually stopped right on my line of resistance.
I've been telling y'all that's the black line of death right there. It is composed by various indicators all converging there - the 200 EMA on the daily chart, the 0,5 Fib level and human psychology, that level is extremely close to 9k. It's actually from the 8,8-9k. And you bet people are leaving orders on the book to sell. Who you ask? I theorise a lot of people who were burned buying at 15k-10k levels or even just those who bought in at 9k. We've been below these levels for a few weeks now, what may feel like an eternity to these retail investors.
MACD still going to bounce on my trend line, which direction is this? DOWN. It's rolling over as we speak. The RSI? Looking down! This whole thing is going down.
Let's try to analyse the pattern. No matter which way you cut it, double top (red), small head and shoulders (green) or even any other name you want or formation. My previous chart had a hypothetical double top formation which I left and I now added the green overlay of a small head and shoulders. Kind of messy but it just shows that one can interpret charts in different ways but when different patterns point in the same direction, it's most likely going that way.
This thing is going down! We have to correct one more time. The longer we correct, and stay in this 5 maybe 6 to 8k levels the further towards the right side of the downwards channel we get. What channel? Zoom out, I have not highlighted it, but just draw a line across the tops and another across the bottoms, this downward trend was clear from the beginning and BTC has been struggling to get out of it.
It doesn't matter we're getting closer to the right side of the chart. Even if it's 5-8k WE ARE TRADING SIDEWAYS! THIS IS GOOD! Be patient. Find an entry level. Don't lose your head.
This is of course not financial advice, do not take this as such I am not a financial advisor.
Best of luck,
X
