SHS
DOW --> Shoulder Head ShoulderHello Traders.
- SHS pattern on daily basis
- Resistance cluster between 35380 - 35600 (a break trough will give price more upside momentum)
I expect a test of the neckline support next week.
Good Trades
DAX Week ahead. High probability!!!Hello Traders
Here is an idea to trade the German Index next week.
Last Wednesday we saw a break through the neckline. If someone missed this chance to go short, there will be another two chances next week. One at the resistance between 14300 & 14330 and the second at 14200. TP is at 13700 - 13750.
Good Trades!!!
trade ideas for GBPUSDHellooo...My Dragon Friends...
Just Update,
Market GBPUSD, have potencial make SHS (on proses formed).
and already break di trendline, and still have bearish flag (in a big trend, still valid).
so we try make sell GBPUSD.
GBPUSD (Sell GBP to USD)
Target Sell GBP at Now (1.3440) or (1.3440-75)
SL at 1.3525
TP 1 at 1.3355 & TP 2 at 1.3325 & TP3 at 1.3265
Lets See...Happy Trading
Disclaimer On
AUD/USD Shulder-Head-Shoulder formation??AUD/USD is continuing the SHS-pattern.
We could soon see the move upwards, therefore i have added a potential long position.
If we see the move upward i would recommend a profit taking just before the top of the previous shoulder, for safety.
Lets see where this is going, so far it has followed my prediction very well.
EURUSD movement for weekly (31 Aug - 06 Sep 2021)Hellooo...My Dragon Friends
I see EURUSD will move to our trend to 1.19XX.
but will break the trendline (little one) will have some retracement.
may be create right shoulder, inverter SHS pattern
Lets See
Happy Trading
Smart Trading
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Risk Management
Disclaimer On
Is BTC doing a SHS?In this analysis we presume three things:
1) We are on Elliott's wave "a".
2) Wave "a" will be overextended and will reach 100% retracement.
3) BTC is forming the head of a SHS
Thus, the SHS gives us the estimate of the final downward movement and Elliott gives us the following waves "b" and "c".
Both observations confluence a decline in the price of BTC back to $40K resistance in about 25 days.
Notes:
The circle in orange indicates the usual 61.8% retracement of "a" wave.
The circle in green is where 100% retracement would be expected to make the SHS formation effective.