GBPUSD - Reverse H&S 15 Minute ChartOANDA:GBPUSD
May be pre-emptive, however if GU reverses back to the neckline, possibility for a reverse H&S
Reverseheadandshoulders
Roku: Bullish Confirmation Analysis 4H (Jun. 17)X Force Global Analysis:
Roku is an American company offering a line of digital media players that offer access to streaming media content. In this analysis, we take a look at the technicals and fundamentals of this stock, assessing potentiality for a bullish rally.
Fundamental Analysis
- Roku stock has declined by almost 40% from its highs due to the impact of the recession and negative short-term news flow, but the big picture remains intact, and Roku is still a market leader in programmatic advertising with enormous room for growth in the long term.
- User growth and engagement remain stronger than ever.
- Despite the lowered advertising expenditures, Roku will still be able to deliver substantial revenue growth this year
- Profit margins will be affected by weak advertising demand during the recession, but the business model allows for attractive profitability at the fundamental level
- Thus, makes sense to expect Roku to deliver expanding margin in the years ahead if management executes well.
Technical Analysis
- The first thing we spot is a reverse head and shoulders pattern on the 4H chart
- The right shoulder has completed its formation, and prices have broken through the descending trend line resistance, as well ask the neckline
- Prices demonstrate strong bullish momentum with bullish engulfing candles
- Prices have also broken through and closed above the Ichimoku cloud resistance, indicating a bullish trend reversal
- The Exponential Moving Average (EMA) Ribbon is also looking to form a bullish cross
- The Relative Strength Index (RSI) creates higher lows and higher highs, showing an uptrend
- The Moving Average Convergence Divergence (MACD) shows increasing bullish histograms as well.
What We Believe
While we believe that Roku is valued at the right price, not only does it have solid fundamentals for long term growth, technicals demonstrate immediate term bullish potential.
Trade Safe.
MMM: Time for a Technical Breakout 1W (Jun. 09)X Force Global Analysis:
3M (MMM) is a multinational conglomerate corporation operating in the fields of industry, worker safety, US health care, and consumer goods. In this analysis, we take a purely technical approach to the stock, assessing its bullish probabilities.
Analysis
- What's most noticeable in 3M's weekly chart is the descending parallel channel.
- Prices have been creating constant lower highs and lower lows
- This downtrend has been intact even before the Corona Virus (Covid-19) situation
- Prices are currently trading below the 200 Simple Moving Average (SMA)
- They have also been rejected by the Ichimoku cloud resistance twice.
- The Relative Strength Index (RSI) is at neutral levels, and the Moving Average Convergence Divergence (MACD) has formed a golden cross, indicating potential bullish momentum
- Should we see a breakout from the current price levels through the descending parallel channel, a potential reverse head and shoulders pattern may be intact
- There are two price gaps both below and above the current price level, ranging from $!35 to $244.
What We Believe
For the short term, a break and close above the descending parallel channel is necessary for bullish confirmation. Then, a break of the Ichimoku cloud resistance - which we have failed to break through twice- is required for further bullish confirmation. Ultimately, a break and close above the 200 SMA would confirm a further rally up to $244, where the price gap remains for the weekly chart.
Trade Safe.
SUGAR – Inverse Head and shoulder 🦐SUGAR creates an inverse Head and shoulder on historical support. As we know Inverse Head and shoulder is a common reversal sign after a long bearish environment.
We will wait a breakout on neckline and retest it with a nice volume and according with Plancton's signal we will set a nice long order
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Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of Plancton0618 strategy will trigger.
BTC reverse head and shoulders pattern on 1 hour chart.Prepare for move upwards to resistance areas 9400-9500 and then 9900.
AMD - Reverse head and shoulders formationAMD is forming a reverse head and shoulders. If we can break the ATH resistance on good volume, AMD will probably keep rallying.
RSI has been trending higher, but it is not as high as it was in its past peak. (short-term bear).
OBV has been trending higher, and its current value is slightly higher than its previous peak (short-term bull).
Keeping on a watchlist.
Nvidia: Reverse Head and Shoulders Pattern Analysis 1D (Apr. 20)X FORCE GLOBAL ANALYSIS:
In this analysis, we take a look at both technicals and fundamentals for Nvidia (NVDA)
Technicals
- We see a text book reverse head and shoulders pattern
- It seems as though the right shoulder has also finished forming, and our neckline remains around our support at $285
- Our all time high resistance sits at $315
- The Relative Strength Index is forming higher lows, and continues in an uptrend as a sign of trend strength
- The Moving Average Convergence Divergence (MACD) also shows increasing bullish histograms after a golden cross, indicating signs of momentum
- Normally, a breakout from the reverse head and shoulders pattern is resulted by an increase by the same degree of the depth of the neckline
Fundamentals
- The operating margin for Nvidia sits at 26.10%, gross at 62%, and net at 25.6.
- Nvidia generates considerably more profit, after expenses are accounted for, compared to its counterparts
What We Believe
Overall, Nvidia shows bullish technicals, and sound fundamentals. As a solid stock, it appears that Nvidia could move on to test new all time highs.
Trade Safe.
A possible reverse head and shouldersXRP hodlers don't panic!
I believe we are gonna form a reverse head and shoulders pattern, which is a bullish pattern . Plus, for now XRP held a MAJOR long term descending support line beautifully, which used to be a strong resistance for MONTHS. So be patient for a little longer, it will pay out.
BTC LongBullish Pattern forming on BTC,
Currently bounced on 0.5 Fib retracement level from previous high to low which also coincides with the 50 MA on the weekly .
The top of the white box is the 0.5 Fib the bottom is the 0.618 , I am expecting this area to be a buy zone for a side ways movement,
We can also see that 10500 mark - blue resistance line - forming a neck line to the whole pattern that ones broken to the upside the measure move of the pattern will send us towards the 14000 levels in the long term
Silver braking out As mentioned on previous study we are completing that reverse head and shoulders bottom ,
The top of the shoulders along with the neckline form a right angled broadening wedge that we are trying to break out at the moment
If price accepts these levels I am expecting that measure move marked on chart to take place,
If not then a consolidation back to the trend line at 17.8 - 17.9 before we retest and finally break to the upside is likely to happen as it 's a common pattern on right angled broadening wedges like the one we are trying to break out from
They are plenty of bullish signals on Silver on the 1H, 4H , Daily and weekly time frames , nothing can be certain when dealing with markets but signals are strongly in favor with the bulls right now.
Rolls Royce PLCSpoofing or someone just dumped a whole load of shares on RR.
In any case that must have taken most of long positions out for retail traders since stop losses must have been triggered on this one,
With no buyers left price heads south, still bullish on this one and still on the trade as we broke out of this descending wedge that we have been in for a while,
It looks like we are heading towards a right shoulder of a reverse H&S pattern as indicated by the blue arrows.
AUD/CHF Reverse Head & Shoulders DevelopingHello Traders,
The chart shows everything. Notice the reverse head and shoulders in play.
A break above the nearest resistance and neckline could provide a nice entry.
Please take a moment to like this idea.
Technical Analysis alone is meaningless. You need a complete trading system.
You need proper position sizing.
A watch list of what you will trade.
A strategy with an edge, and the discipline and perseverance to stick to your rules allowing your edge to play out over time.
MRVL - Reverse H&S - MacD good - RSI great - easy trade or longHello! - This is a textbook chart for the bulls.
1) Notice the perfect reverse head and shoulders forming in order to test the 28$ highs in the coming month.
2) Notice the MACD signaling a strong buy with the RSI signaling there is more room to run until overbought. - Good volume too.
3) Notice the overall trend in both MRVL and the SnP 500 - there are similar moves only exemplified with the market.
4) semiconductor stock post china phase 1 trade deal and pre 5G phones has major tailwinds and in my opinion - these tailwinds will push mrvl above the $28 price resistance in the next couple months (by March 2020) and once we close above 28 for a couple of trading sessions - we are off to the races.
--I am long mrvl and I expect this stock to double (only 18b market cap now) by the end of 2021
Ashtead Group long Reverse Head and Shoulders pattern formed showing two necklines one horizontal - neckline 1 - and one diagonal -neckline 2 - giving two different levels for closing long positions first at 2580 and second at 2640
$JSENTC completing a reverse Head & shoulders formationConsidering Netcare's price action holds up today and closes above the neckline level at 18.65, we are witnessing the completion of an inverse or reverse Head & Shoulders formation. Results released yesterday have been received well by the market, which should ease investors concerns for the time being.
These patterns are reversal patterns that form at the end of an extended downtrend and confirm once prices breaks above the neckline. What i really like about this setup is the expansion of volume that we have seen from the advancement of the right shoulder and during the break above the neckline. This is crucial to confirm the validity of the formation. Should all go to plan, this pattern has a target of R22.34
Entry : buy the break above neckline @ 18.65
Stop loss: Close below right shoulder @ 16.71
Target: R22.34
XU100- Possible Reverse Head&ShouldersTurkish stock index BIST 100 seems like forming a reverse head and shoulders formation.
Target of this formation is first 88.500 which is the height of shoulder, and than 86.000 which is the height of head.
After completing this move, a great opportunity is to buy this index because prior to this correction, prices were around 120.000. For the last 20 years annual increase rate of this index is around 24%
$40 Silver on the way? Long term 2023 projection here!Silver has just broke out of my double descending triangles that I posted a few weeks back. Lets take a look at a some possible Fibonacci retracements that could happen if things continue. Alasdair Macleod has noted that a whale is purchasing silver futures almost regardless of price, his fundamental research is worth a look.
VANGUARD Index Can Explode By 2020We can see the reverse head&shoulders formation started in January of 2018 has been now completed the first shoulder and head. Right now, we are in the beginning phase of second shoulder formation. Most probably by January 2020, reverse head&shoulders formation will be completed and the value will test 162 which is the resistance of uptrend started in 2018. Also it will be the new ATH and than we can see some correction to 154 support line (which is ATH for now).
RSI is also approving the upmove of the Vanguard Index value.
DHI, DR Horton Inc. - Head & Shoulders BreakoutNYSE:DHI
Typical pattern of reversal of a trend in financial markets. Entry on the breakout of the neckline and management of the trade in trailing stop for a greater possible risk reward. The question is, "Which Broker and which financial instruments could you trade best with?" In this case, I use stocks securing them through options. This is one of my strategies that I have in my trading plan, knowing the average return compared to the risk used.
Trading is not a way to make profits by risking enough, but rather to manage the risks in the best possible way by making big profits and small losses.
DGB UPWARD SLOPING REVERSE HEAD AND SHOULDERSa powerful pattern is forming on DGB
bears failing to make new lows
breaking the neckline on an upward sloping H&S pattern could trigger rapid price increase
volume is exactly as needed for pattern completion.
a strong move is likely when the neckline is broken
Will ETFS Physical Gold break after H&S completes?Almost an 8 hear H&S pattern for Physical Gold. Will it break higher in the next few months/years?
