H&s
Russian Dolls - 3 x Head and Shoulders on Dow JonesWe have three head and shoulders patterns nestled within one another like Russian dolls. The first two patterns are now confirmed and have played out, and now a return to the neckline number 2 (yellow line) will give a good short entry for us to aim to break the third neckline (green) and continue a correction of the rise since mid February.
If that third neckline (green) breaks we should see a return to test the 17k mark on the Dow which tends to equate to 2000 on the S&P 500
EURGBP Conservative Long Before Plunging DownFX:EURGBP
This pair is displaying some bearish divergences on multiple indicators suggesting a potential head and shoulders formation on the daily chart. Multiple indicators on daily hit the bottom and reversed up so the immediate move will be upwards to form the right shoulder. Take profit is placed right near the previously respected S/R level although the price may potentially move higher than that. After that the price is expected to make a strong move down to make a lower low.
Reposting AAPL short in a clearer wayPeople will laugh at you if you say $75 as a price target for AAPL-3.06% . But there are some good technical reasons to believe it might happen, outlined in this chart.
WE have an unfilled gap at $75, and a confirmed H&S top with a technical target that takes us to the gap.
Sentiment has turned and while a move to $75 would be extreme for such a profitable company, extreme things happen in the market more often than we like to think.
Even if you don't like the short, if AAPL-3.06% does freefall, the $75 mark represents an excellent target from which to buy and hold as an investor, if you believe the company is extremely undervalued at such a level.
Update status
AAPL H&S Gap Fill ShortEDIT: sorry if the on chart text is small - essentially from left to right the text boxes on the chart say,
1) observe the gap
2) We assume the spike down in Sep is anomalous
3) Downward price target of H&S is the distanceof the neckline to head
4) NEckline retest confirms the pattern
People will laugh at you if you say $75 as a price target for AAPL. But there are some good technical reasons to believe it might happen, outlined in this chart.
WE have an unfilled gap at $75, and a confirmed H&S top with a technical target that takes us to the gap.
Sentiment has turned and while a move to $75 would be extreme for such a profitable company, extreme things happen in the market more often than we like to think.
Even if you don't like the short, if AAPL does freefall, the $75 mark represents an excellent target from which to buy and hold as an investor, if you believe the company is extremely undervalued at such a level.
Potential H&S SPX500Right shoulder is forming and H&S awaiting Neckline breakout.
SPX500 targets 2004.
USDJPY LongRSI & MACD also Diverging On Multiple Timeframes plus we have got H&S Pattern + Double Bottom .
Please Do Your own analysis before taking trades.
S&P 500 Top and Short TargetSo we see a longer trend of lower lows, and lower highs on most major indices worldwide, and this is clearly also starting to catch up with USA too. The latest bull move is looking extended and we are seeing signs of exhaustion and a rather messy-looking head and shoulders top is emerging. The key feature here is we have a rising support, the neckline, that gives us an opportunity to short and manage our risk in the trade.
I don't expect this to be a simply break, the right shoulder may drag on, there may be fake breaks of the neckline, but ultimately if you smooth out the noise with a longer timeframe, and ideally wait for the neckline to act as resistance, you should have the opportunity for a great entry for a trade that can net you at least 40 points on S&P, 500 points on Dow and so on. The 2000 level is an obvious downside target not just because it's a round number but it is the technical target of a head and shoulder, and it's also the most obvious level of horizontal support and resistance on this entire chart. Even if the downmove is going to be sustained, I'd be really surprised if we don't bounce significantly at 2000, and I'd be more interested in long scalps at that level than holding onto any shorts.
Assuming I'm wrong and the neckline holds for now, even if we do break above the curve down, I'm still not interested in long positions in this market until we get a significant pullback after this very stretched looking bull move.
Head and Shoulders on Oil Possible head and shoulders in play on USOIL. If this plays out I expect oil to drop back to around $30.
Head and Shoulders plus bear divergence Price on CG has formed a Head and Shoulders and is facing tremendous bear divergence. Good opportunity to short.
GBPUSD short in H&S patternshot spot area great for sell with 50% correction. if it's continuing going up we are selling from next area.
good luck :)
Massive H&S on ETH in the making!There is definitely a lot of buying pressure but the bulls are getting tired. This H&S could still happen.
Wouldn't recommend shorting really, but taking some off might be a good idea.
EURGBP 240 - H&S Play with A/R & Fork StyleSo, here is how I play a H&S, with the tools of Action/Reaction & Forks, to be in very early of a H&S trade.
This leads to much more profit and for many, to smaller stops too.
1. Down to the base then
2. down to the original target of the H&S
P!
Free A/R & Fork Course: mytradingcoach.teachable.com
S&P 500 Push It Real Good!The S&P 500 is starting to look pretty dismal on the longterm daily chart, despite the recent relief rally. Following the curves, price is on track to go into panicked free fall sometime in June or July. But as is the chaotic nature of the seneca cliff, It could fall a lot sooner than that. The exquisite head & shoulders top that forms the multi year crest of this price pattern has a technical target of 1530. But H&S reversals are known to kick off much more aggressive bear or bull markets than their technicals elude to; Especially when they have developed over such a considerable time frame like this one.
Possible H&S on DLPHStrong earnings on 2/5/16 helped form the head of this possible inverted head and shoulders. Watch for the neckline at $67.50 to hold as support. If it does price will likely retest resistance at ~$79.
Inverse head and shoulder on hourly SPYIt looks like we have an inverse head and shoulders on the hourly chart for SPY. Ideally we would need to see more volume to confirm. The price already broke through the neckline and old resistance at 1945. Target is 1975-2000 range as that would be around the same percentage as the head and is a spot where we have seen previous resistance.
Macys Head and Shoulder After beating the estimates for loss this quarter Macys broke above the neckline on a reverse Head and Shoulder. The head and shoulder is a pattern that indicates a strong reversal. The volume of trades that accompanied the overall H&S shape confirmed the break out. I see a rise to a recent level of resistance around $50. This would also be a %17 rise which is the depth of the H&S.
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