Shoulder
HS pattern to form on WTI crude?Just a quick draw on a possible very clear hs pattern in crude oil, so far we are more than halfway done and the beginning for right shoulder has begun. Can't wait to see what the coming days are bringing us! Looks like this is going just right within bollinger for the next shoulder.
audjpy head and shoulder pattern long Time Trade #TradeWithMky
AuDJpy if pass this channel would be bullish for long time
there are some good signals for head and shoulder pattern in AUDJPY right now
so its good time to Go Long
actually head and shoulder would be more confirmed if these things happen
1 : at the end of a Movement
2 : confirmed channel for neck line
3 : pull back after passing neck line
goodluck !
ETHUSD - Looking for a Corrective RetracementTF: 8 Hr
Possible H and S formation on the 8 hr TF. This has formed after a strong rally, and price may due for a corrective pullback. I think a retracement to the .318 looks like it may be a good area to look for longs.
This retraement area offers a few bullish confluences:
1. Area aligns with with a former broke resistance zone;
2. The 0.382 corrective retracement area is also located here
3.Aligns with a new bullish trend line
Dollar weakness looks like it may continue for the longer-term which will drive cryptos upwards. The DXY (dollar index) looks very oversold and may need to correct a bit more up which would allow ETHUSD to retrace.
Gold - Easy head and shouldersHello everyone, as we can see he have a beautiful head and shoulders pattern that we have broke bellow the neck line. We also see divergence on the weekly and monthly timeframe, so a bigger drop is most likely going to happen, because we had way too steep surge and we needed such pullback. For now we should trade only the head and shoulders with the given take profit, because given the unstabillity of the economy, gold might aswell rise a lot in the near future especially during the elections. We can sell
now and place the stoploss above the right shoulder. Good luck to everyone!
EJTF: 2 Hr
Possible inverse H and S on the 2 hr and 4 hr TFs. Bullish divergence can be seen developing on the RSI and price has retraced and is currently trading in the golden zone (between the 0.50 and 0.618 levels).
May be see some buying here to complete the right shoulder and move up from there to ~123.
See my previous EJ forecast here:
GBP_USD SHORT . h4 . head and shoulders .I think In the next 2 days, gbp will make a fuss! Hurry up !!!
#Bitcoin Possible H&S in the making As per my original idea I got filled for my short!!
I was expecting a Bearish divergence to be printed but seeing nothing on rsi so far, will check other indicators, there are div printed on 3hr & smaller timeframes once we have them on HTF like 12H & 6H i will be more confident till then take profit at every 100-400$ drop
for now keeping an eye on this H&S in the making, if I got this right we caught the top :)