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Rightshoulder

How reliable is head and shoulders pattern, Nifty50 1DThe head and shoulders chart depicts a bullish-to-bearish trend reversal and signals that an upward trend is nearing its end. The pattern appears on all time frames and can, therefore, be used by all types of traders and investors. The head and shoulders patterns are statistically the most accurate of the price action patterns, reaching their projected target almost 85% of the time. The regular head and shoulders pattern is defined by two swing highs (the shoulders) with a higher high (the head) between them. Publishing chart what caught by my naked eyes...! Rest all on you... Regards
NSE:NIFTYShort
by imkhushal
3
BTCUSDT Price ActionAfter an swing upward, price fail to reach at least 33k region. Candlesticks inverted hammer & doji consecutive after an peak, bearish. Neckline: the priceaction will reaction from this and pullback to test. Expected a head in formation. Head and Shoulders correction in confluence to triangle. I've wright in baloon 'if price... breaks down... confirm reversal', but this is not a uptrend as the ordinary people may have think. All is BEARISH. Volume: show of weakness. If price action breaks down 61.8% of Fibonacci retracement, then one more confirmation to remains bearish and maintain short. 30k is the region of the neckline of the major double bottom to pay attention. The price action can form a wide range. But I'm expected dump.
Short
by firmestudio
Grab A Pair of Nike’s For A Friendly Game Of…Grab A Pair of Nike’s For A Friendly Game Of… ...head shoulders knees and toes! I’ve identified a head and shoulders pattern on Nike’s (NKE) weekly chart. My plan is to swing put option contracts on NKE. The measurement from the neck to the head is approximately 55.69 ticks. Therefore, the maximum price move to the downside is 62.99. On another note, I was looking at Nike’s trend going back to 2016 and identified several bullish patterns along the way that made me smile with glee. I like this stock and will pay attention to it more than I have in the past. *This is not financial advice. “Check” your head and shoulders, Al
NYSE:NKELong
by MrALtrades00
BTC: Buyers Beware. Head and Shoulders was correct IMOBuyers salivating again that their is a bounce in BTC. They will not learn. The biggest BIGGEST mania, bigger than tulipamania, and they are expecting 100k! The likely outcome for me is that BTC is in a corrective ABC pattern. I do not use nor recommend Elliott Wave but it is useful. From a personal history EW led me to many losses because of its subjectivity and I refuse to use it unless it is an OBVIOUS pattern and not a wave count. Time to test your ability to wait and do nothing and practice patience. And yes the Head and Shoulders pattern was correct IMO.
BITSTAMP:BTCUSDShort
by Sinex
4
FCPO TRADING : 139) RIGHT-SHOULDER OF HEAD-AND-SHOULDERthis is the 1st day of the new fcpo-nov... hi, this is haidojo trading and the number is 139... well, what has happened today is the price tested 2710 and slided down...next level it might go to the "neckline" 2560-2605...a break lower than this level indicates that a lower-low has formed...trend has changed to downtrend... resistance : 2780-2810 immediate resistance : 2710 lower support : 2560-2605 the possible neckline for "head-and-shoulder" WARNING! RISK DISCLAIMER : this is juz a trading idea...trading stocks, futures or forex might incur a huge risk to your account/funds… DON’T LOSE MONEY THAT YOU CANNOT AFFORD …any idea(s) of trading in this episode SHALL NOT be regarded as a hint of BUYING or SELLING . It is MERELY a trading journal and it has been used for educational purpose only… trade at your own risk! **your "LIKE" and "FOLLOW" are my main source of motivation to continue posting more valuable contents...TQ**
MYX:FCPO1!Short
by HAIDOJO_trading
FCPO TRADING : 134) DEJA VU' feeling? hi, this is haidojo trading and the number is 134...today fcpo-oct gives us a sense of deja vu' feeling...with the consolidation still in the process... exchange date on 16th of the month...in which the contract will end tmr...so watch out those swing traders...not much movement in fcpo-oct today...except of a huge gap-up...and sideway... resistance : 2780-2810 support : 2710 lower support : 2560-2605 the possible neckline for "head-and-shoulder" WARNING! RISK DISCLAIMER : this is juz a trading idea...trading stocks, futures or forex might incur a huge risk to your account/funds… DON’T LOSE MONEY THAT YOU CANNOT AFFORD …any idea(s) of trading in this episode SHALL NOT be regarded as a hint of BUYING or SELLING . It is MERELY a trading journal and it has been used for educational purpose only… trade at your own risk! **your "LIKE" and "FOLLOW" are my main source of motivation to continue posting more valuable contents...TQ**
MYX:FCPO1!
by HAIDOJO_trading
trading a possible formation of "head-and-shoulder" patternthis is a fcpo trading we can actually use the structure formation to involve in our trading...for this example, we can use the formation of the right shoulder as a structure level to short the market...the neckline is possible to be formed at 2300, the psychological and strong support level...a breakout of this level will mark a turn to the downside... resistance : 2367-2400 support level : 2300 this is juz a trading idea, trade at your own risk... pliz like and share...
MYX:FCPO1!Short
by HAIDOJO_trading