Nice shot! Keep LONG holdingsNice shot! Keep LONG holdings!
Let it go! Let price go higher & higher!
SHS
eur gbp looking for short shsnice shs pattern here ...set up 2 targets for a short move...
quick and dirty...get ready for hold it a couple of "days" if set up stays valid
eurgbp here is a re entry trade for eur gbp ..
new supply zone ...check
falling trendline... check
kind of dirty shs waiting for neckline retest ....check
i expect a nice short trade ..
If Oil on monday continue to drop the target would be around 44!As you can see in the chart the currently active SHS is suggesting a target of 44, however we could also get another zig zaw first before getting to the target. See also Ichimoku_Trader's post.
The thin pink line is a line I drawn two weeks ago, so I'm not spot on, however pretty close ;)
NZUSD seems to approach a subtop. Waiting to go short for 2 daysInversely of my thinking in my previous post about the NZUSD, I'm now thinking that the NZUSD is continuing its journey to higher prices on the long term. The break trough the neckline on 0.70800 did not happen and from there it is now above its previous top (72983). The iSHS target(3) from the previous wave is 73352, and negative diversion on the RSI is clearly visible on the 1 hour chart, so I think around that level it will drop again to the rising trendline (thick black long line) and from there it could be rising again with target 76215 eventually (target 2 from the big iSHS). Unther the rising trendline it will be a complete other story...
GBP USD SHSPrice hit Supply zone from may...and formed SHS formation now waiting for a Neck break /confirmation to go short...
Showing the capabilities of what I call Fractals (SHS and iSHS)We all know how to calculate a possible target when a a SHS or iSHS appears with a horizontal neckline mirroring the top-neckline distance. What is less known however, is the fact that sloped necklines can also be very supporting. In that case you take the point of the bar connected to the neckline with the greatest distance to the Head. In my example you cannnot recognize a SHS, but as you can see it workes (this time...) the same and also very accurate in this case!
I'm planning to make a Pine script to calculate the target value and to add that value as text and a horizontal line on that target value to the graph as in this example. I'm however completely new to Pine scripting. So, if anyone can give me some inside how to find the values where the bars are connected to my blue 'neckline' I would be very grateful!
Pound exploding soon?This could be a very nice Soulder Head Shoulder pattern!
Entry 1.439
Stop under the Head!
good luck
SHS on Eurostoxx 50 As we can see Eurostoxx50 is making a S-H-S on 1 day time frame. This figure will end in same date that Brexit vote (aprox.) also we have the problem of Greece in June
AUD/USD H4 - Possible SHS patternAUD is pushing high because OIL prices and probably will continue till April 17 (OPEC meeting), at that moment, this pair could form a SHS pattern and start a big move down.
Good for long positions in lower TF
GBP/USD H4 - Possible SHS formationPrice broke channel, but re-entered to it. A bear divergence looks very possible, will see if the price hits the confluence zone…
View on D1 chart:
Fresenius SE & CO KGAA CHXEUR:FREDPossible 123 trend reversal + possible inverse shoulder-head-shoulder formation => Entry @62.81 (123 trend reversal) and/or @ neckline of inverse shoulder-head-shoulder formation
Possible taget values: filling of open gap @65.43 and target value coming from (possible) inverse shoulder-head-shoulder @ around 70.00
Possible stop @ around 60.00 (support by EMA20, 50 and 200) or @58.55 (right shoulder)
AUDUSD Tehnical & Pattern AUDUSD 4H Tehnical Analysis.
SHS Pattern.
Fibbo Retracment . 78.6% - 127% TP
Broken Arrow Still "Young & Foolish". "Until June"' Is OverThis EW count is a bearish argument for the ED Broken Arrow first wave down
This count also support my chart : One More Day But SP Still Looks MISERABLE At The End Of The Day showing a SHS in spe
and the chart: Last Call B4 Broken Arrow. (See links below).
I see the choppy moves are due to remaining bulls still buying the deep. Can't blame them - but playing with fire.
This is a bearish conservative count... meaning that I believe that the SP will make a stop at the 200 sma.
But I can also see a much more violent move down , but SP is in the early stages of the correction/crash so one thing at a time!!
The SP could be making a 3rd wave down to touch 2040 and end up at SHS target around 2000. By then it will first be making the 5th wave low. Many options still on the table... so I stick with this one until price is giving more clues.
On the 4 hour chart ma100& 200 are on the battlefield fighting is out....with ma100 still under ma200
Daily 100MA comes in right now at 2091ish
Daily 200MA comes in right now at 2051ish
(See notations on chart for the epic battle of the 100 & 200 daily SMA.)
T.W.U.C
@BLawrenceM.
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One More Day But SP Still Looks MISERABLE At The End Of The DaySHS & Dead Cat Bounce
Most of the miserable history of the SP is told by the above chart but here a resumé:
I see:
A symmetrical SHS
Fib time zone adds to the overall picture of bearishness.
Shoulder, Head & Shoulder fits well with fib time zone and the cycle.
Trendline from top and the 61.8 retrace ending up in fib zone time 5
Neckline at the 2,070 handle.
Price wil until breakdown possibly bounce as a dead cat within the 61.8 retrace of top and the neckline.
As I stated in one of my other charts.. Keep on being bullish as long as bulls are breathing... I see that will come to and end within the next month. Fib zone time and cycles suggest in the 2nd week of juli
Trade what you see...best to your trading!
@BLawrenceM
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GBP/USD LITTLE SHS FORMATIONON chart we can see forming littl SHS formation, alsow we can see at we are on resistance from chanel wich form from about three days ago. If price brekout and only if we get pullback and price hold that level we can click Buy button, if we get another scenery i will be out from this market. But if it work we can see Gbp/usd on + today
CAD/CHF SHS FORMATION On chart I find nice trade entry on SHS formation. We see at head of formation are very long this is becuse we hit support zone and in higher time frame is looking like we have abcd patter alsow (bearish formation) entry as always we take on neck line for more agressive traders and for more conservative i would order to take position below neck line from 5 to 10 pips. Have a safe trading !!! ;)
