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Shoulders

A2M Head & Shoulders - Waiting for final ConfirmationA2 Milk appears to have lost to the bears. A very distinct head and shoulders pattern has emerged although still not confirmed until neck line is broken. Taking a look at the relative strength, A2M is under performing the ASX 200 (XJO) which also is a strong bearish sign. Increased volume on negative candles and on right shoulder shows strong possibility of break down. Finally the share is closed below the 30 Week EMA, which also signifies a bear movement maybe lurking. Please note this general advice for educational purposes, carry out your own analysis before entering a position or consult a financial adviser.
ASX:A2MShort
by IRApTOIR
ETHBTC Inverse Head and ShouldersHello Traders, New Thesis on ETHBTC Points to consider, - Potential Inverse head and shoulders playing out on the 1hr time frame - 12 EMA riding as support in to strong resistance, this needs to break for the head and shoulders pattern to be confirmed - RSI on uptrend with strong support - Volume declining on right shoulder - VPVR showing low volume of transactions after resistance zone ETHBTC could have a pop to the upside, this will only happen if BTC decides on its direction, the market is dictated by BTC's action, if BTC starts to consolidate on the daily, then the chances of this head and shoulders playing out will be more probable... what are your thoughts? please leave a like and comment, and remember “What seems too high and risky to the majority generally goes higher and what seems low and cheap generally goes lower.” – William O’Neil
Long
by The_Alchemist_Trader_
2
CHFHUF Head and Shoulders Forming at Major Resistance?On the 1hr chart it looks like CHFHUF is forming a Head and Shoulder pattern, what would confirm a reversal at the resistance shown on the right daily chart . A strong resistance on the right daily is tested with the head of this potentially H&S . The combination of these makes this a great R:R trade to try, even if this is not forming an H&S there is still this strong resistance for backup. Thanks for reading and feedback is welcome! Wesley
Short
by W4DL
forexTrdr sell Gold: HEAD SHOULDERS KNEES WATCH YOUR TOESGood morning traders Last week we went long gold at 1295 targeting the formation of a head and shoulder pattern around 1301. Four days later and we see that right hand shoulder pattern forming and therefore look to short gold at market level. If you look at our chart work on the uk trading view website you can see four failed attempts on 4 hourly charts to breach 1304.8 area before pulling back. We are looking for the market to once again pull back from this area and head lower to the upward tilting neckline of the head and shoulder pattern. An area around 1296 is where we will look to exit the trade. In addition to the pattern formation and failure to reach last weeks right shoulder high of 1306.4 we have seen the formation of a bearish engulfing candle on the hourly timeframe.
FX:XAUUSDShort
by forexTrdr