H&s
WTI Oil H&S 15 min ChartPatterns over a weekend are quite dodgy but let's see how this plays out. Head and shoulders forming (or arguable already formed and we're on a second right shoulder). So anyway the crucial thing is, do we break the neckline, and then will we hit our price target (calculated from the height of the Head from the Neckline) before we hit our stop (high of the right shoulder)?
Interested to see. Anyway, the alternative scenario is the price breaks out of the green line and above the right shoulder. That would seem to indicate we're consolidating for another move up.
#GBPUSD UP UP UP! Nice buy opportunityWe've got an uptrend and we're continiously setting new Higher Low's (HL's). Nice buy opp.
DISCLAIMER: I'm a beginner and this is an attempt to be as accurate as possible. I am still learning TA so I am not yet working with cyphers and other stuff. If it's wrong or doesn't make any sense, please say that and say what I'm doing wrong! I'm far from a pro!
OIL H&S Potential PT $17.xx !Down trend into beautiful Head and Shoulder pattern. This is an updated version of the oil H&S chart I posted last week. This could be an amazing short if it breaks the neckline this week.
EURAUD Head & Shoulders enter nowH&S been forming since 6th January, broke through the neck line at the end of the month.
Profit target is based on previous structure, as is the stop loss.
Fundamentally, I think that a drop like this makes sense. Australia is seeing a lot of good economic data at the moment, so I think that in the near future we should see a rise in the AUD due to more positive investor sentiment. ECB stimulus adds to this.
Head and Shoulders on YahooA head and shoulders pattern is emerging for YHOO. With general sentiment on wall street negative for te CEOs new changes expect Yahoo to drop considerably after price drops past the neckline. I am expecting to find some historic support around the $11-$8 range
www.thestreet.com
Amazon Head and ShouldersA head and shoulders pattern has emerged on AMZN. Similar to the H&S patterns found in other equities and indices this patterns represents a market reversal. Though the pattern is more clear when viewed on a the daily chart, I used the weekly to show how the targets of support lines (dotted white), match up with the long term trend line (solid white) as well as the % of change for the H&S. Head and shoulders patterns usually retract by about the same percent that they increased. In this case it is about 40%. The intersection of support, trend and percentage gives a good indication of how low this stock is likely to go. Yellow area is target..
Tesla Head and Shoulders Head and Shoulders pattern is one of the most reliable indications of a market reversals. This patterns has been appearing across numerous equities and indexes. First target is at resistance area of $116
EURGBP: Bullish Head & ShoulderThe cross has formed a Head & Shoulders pattern on the Weekly chart that gives us a potential signal for a trend reversal.
Last week's candle has broken out the neckline but there's still an opportunity to enter the trade.
The risk/reward ratio is very good, more than 1:3.25
Good luck and good trade !
Bitcoin Bear and Bull Fractals at Crossroads AgainBears:
Bitcoin is showing weakness with a double top at $475-500 and H&S formation as well. A move below $400 on Bitfinex will confirm the bears taking over and a potential revisit of $340-350 and even $315.
Bulls:
If we manage to hold above $400 then we will stay in 2 weeks of sideways and consolidation and break out after January 15th towards new highs of $650-680
Note: Any bad news e.g. BitcoinXT Fork etc. can wick down Bitcoin to $275 then shoot it back up.
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Short USDJPY: Bearish Bat + H&S + S/R + Missed PivotUSDJPY is completing a bearish bat pattern near a strong support and resistance zone. We also have the neckline from a head and shoulders pattern striking through the S/R area for added resistance above the PRZ. SL is placed above 1.13XA with targets at .618CD and the unhit monthly pivot for November, 2015.
Confluence in the PRZ:
Bearish bat pattern completion
Head and shoulders neckline
S/R zone
2.5BC projection
1.786AB=CD
Unhit November, 2015 pivot
Thanks for your continued support and don't forget to click the thumbs up button and follow for future updates and more trade ideas!
Sherwin Williams Head and ShouldersSherwin Williams might be setting up for a classic head and shoulders Price has already broken the $260 neckline. If it closes today (12/221/15) below the $260 it will likely be sign that the bears have won and this brief rally since October is finished. Look for support around previous support of $235-$230 area
GBPJPY Weekly Head and Shoulders In PlaySHORT
#1 option: Head&Shoulders triggered and in play. Target for shorts at 165 in next couple of months.
Stop is weekly close above 185.00
LONG
#2 option: Head&Shoulders triggered and in play but will fail? If patterns fails the move afterwards will be huge. Best moves come from failed moves.
Target 200+.
Long entry is valid only after it closes above 185 first (if it closes)!
Short EURNZD: Head and Shoulders Entry on Bearish BatEURNZD has broken the neckline of a bearish head and shoulders breakout. A lower TF bearish bat has provided a nice entry short on the retracement to the neckline. Trendline resistance may also provide bearish bias. Entry is placed at the completion of the bearish bat with target placed at the completion of the bullish shark.
15m Bearish Bat (Entry):
Bearish mindset Bullish Bat & Gartley + AB=CD + H&S - IF=THEN ®FX:USDCAD
Harmonics, Bat & Gartley patterns, basic AB=CD and H&S;
BAT:
Point B:
38.2% to 50% XA
Point C:
38.2% to 88.6% AB
Point D:
88.6% XA
Targets:
TP1 38.2% AD
TP2 61.8% AD
GARTLEY
Point B:
61.8% can not touch 78.6% XA
Point C:
38.2% to 88.6% AB
Point D:
78.6% XA
127% ext AB
Target:
TP1 38.2% AD
TP2 61.8% AD
Safe Trades;
$ASHR H&S Pattern Playing OutThis chart is demonstrating a classic bearish head and shoulders pattern long term. The neckline is pointing down, which is even more bearish. Target $22! Look out below.
SPX500 Massive Multi Year Head & Shoulders Top On The Final TurnI've been watching this massive multi year 'head & shoulders top' take shape since the bounce at 1833 in August, after that big reversal that forms the 'head' at 2137. After today's sell off it's bearish potential should be undeniable to most. Considering the massive amounts of credit that have fuelled this bubble the debt deflation that will force the coming sell off should nothing short of frightening. Trade carefully.
EURAUD: Still BearishGood morning/evening traders!
As we hit our targets from yesterdays trade on FX:EURAUD , I see another good opportunity to go short again. This time we have a H&S setup, and price has broken the neckline, now I am waiting the retest of neckline to become a resistance for more confidence and the go short all the way down until the key support level @1.5674 and the secondary target could be 1.5619. But the best choice is the first one.
Avto_T
Green Luck
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Hewlett-Packard: Buying The DipH&S target is not reached yet so I'm expecting another wave up.
Buying blindly and looking to take profit this year.
We might see prices around 50 in June, 2015
ACAT ready to toppleOn the weekly chart ACAT looks super weak and holding on a tread before collapsing down to $14. A nice 1:6 r:r.
