Nzdusd after the obvious h&s completion and retest of neck line its projected to head to next previous support zone
Shoulders
$RISE FORMING HEAD & SHOULDERS,LONG OPPORTUNITY —WAIT TO CONFIRMH&S pattern, showing bullish signs. Consider buying after confirming bullish reversal
Classical SHSAs we see, price formed a high (left shoulder)
The correction was pretty tough, went back nearly all the way (first weak signal that SHS might be forming)
the next high could not get much higher (head)
the correction was very tough again and went back to the level of the former correction,
The next high (right shoulder) could not go higher than the second (head), thats where a SHS is very close
now draw the neckline, (connect the beginning of the left shoulder with the low after left shoulder, and low after the head)
If the price breaks this neckline, the SHS is completed, and it is very likely that the price will fall the same amount, it went up from the left shoulder to the head.
All clear?
Any questions?
Let me know!
Head and shoulders on goldIm 100% against gold right now. I would have bought NUGT, but the stock just got through the support line and it forms an head and shoulders pattern. Thats why I went against gold and bought DUST
CADJPY: Selling at fresh supply levelCADJPY: Selling at fresh supply level. Waiting for reversal pattern (right shoulder of bearish head and shoulders) to complete in lower time frame.
WTI: USOIL: Head and Shoulders signals $44WTI: USOIL: A newly formed head ans shoulders top formation now in play with a downside target at $44. Look to sell rallies from here until target is achieved.
DXY: Dollar Index Daily chart DXY: Dollar Index daily chart showing head and shoulders and ultimate downside target at 95.05
CAD JPY * Reversal Head & Shoulders
Trading idea and price prediction for (FX:CADJPY) from trader Nika Lekishvili
www.tradingview.com ~ My Channel
GL !
Possible SHS structure-AUDCADPrice rebounded again on a support level. Now waiting for possible SHS structure. If price stops in the next resistance level, price could be drop till the neckline and then, if it breaks, till the next psico support level(1,000)
EURUSD HEAD AND SHOULDERS A PIVOTEURUSD just broke the neckline of a head and shoulders pattern. Pair is also pivoting off a yearly and quarterly pivot point cluster. Only obstacle is the yearly pivot level, if that breaks, I expect the head and shoulders measured move to happen which will also fill the GAP many FX brokers have on their charts. Yearly pivot could act as a pullback area to the neckline.
Bitcoin Triple Double Bubble Trouble?my comments on the graph, thanks for looking. I hope we moon but..
Bitcoin Speculatin' & Entertainin' Chartin' Monday Madness!$1300 IS THE TELL. Which way will it go? H&S / Double Top forming? Hedge your bets
EURUSD Potential Inverse Head and Shoulders Forming on the Daily Potential Inverse Head and Shoulders Forming on the Daily
Crude Short Head and Shoulders Formed Price has not managed to break through resistance at $53.45 creating a head and shoulders pattern, now we should be looking to hit target of $52.20
DXY might bounce up to form a right shoulder here (2017-01-18)DXY had a sharp decline last weeks and came to the previous consolidation area. It might bounce here to form a right shoulder, which will be wave B.
Good luck for everyone!
USD CAD is Making shapes! So OK. I was wrong the first time about the break out on this market and it cost me 100 pips. I learned the "wait and see" lesson (again). And a lot of the other traders did predict this spike back up into trend before the bear run.
However, what to watch for?
So this newly formed head and shoulders gives us its neck line on old support/resistance which is nice, it allows for an aggressive bearish trade off this marker, and also gives us an upper section of the forming bearish trend. I will be taking this trade which I expect to line up today, but I will be entering on Bearish candle patterns only and a clear rejection of the resistance. Ill be setting my stops above the recent shoulder but will be managing this in real time and getting out at the first sign of trouble.
A longer term and more conservative approach would be to wait for confirmation of the blue trend line and sell off this on each pass. I'll probably be doing that too, but that's one for next month.
Inverse SHS will be formed?Will SHS be created? If price hits support level, we will have a clear opportunity to go long. Now its time to see how the price develops.
possible Head and shoulders bottomleft shoulder, neckline and head have all formed, waiting for right shoulder which could trigger a possible reversal move.
