If H&S that forming will fail, we have a "plan B". It's too similar to ignore it. Look at 4H Ichi for the short signal
S-H-S option Flag Option Cup Option
So for the traders among us that were children in the past, there is this song which goes: Head, shoulders, knees and toes, knees and toes <--- Head, shoulders, knees and toes, knees and toes And eyes and ears and mouth and nose Head, shoulders, knees and toes, knees and toes So naturally, we should see a head shoulders pattern again
An inverse head & shoulders pattern formed in the charts of Intellia, a company developing CRISPR gene-editing therapy. While CRISPR has not been approved to begin human trials in the US, it has already been tested on over 80 patients in China. Target: $31 (previous closing high), or long term hold Stop: $18 - $20
If this were a head and shoulder... Could it possibly be a sign of reversal?
Head and shoulders, but on a sloping line. If BTC reaches 14000 and fails to push through then it could be abiding by the down trending channel and not the Schiff Pitchfork You can see this pitchfork on some of my posts from several days ago. It continues to be very accurate. a breach of this will be very significant. Each bounce within this fork is smaller and...
Running over FX:EURUSD . Neck will broke? let's see. Remember, FX can't be predicted. See yah.
I think a clear head and shoulders is forming. It could rise up a little more and then drop the length of the neckline. Textbook head a shoulders move. This would put the buy zone at 4700 conservatively. This would be wonderful right before the fork for those who want to buy big. Resulting in a huge push to ATH. A textbook setup to subtly dab on the haters.
Watch closely as the right shoulder is about to make a critical movement on the weekly chart that could signal price reversal. RSI indicates $LTCBTC has been oversold for a significant amount of time. FIb levels on the weekly provide STRONG support levels.
H&S pattern, showing bullish signs. Consider buying after confirming bullish reversal
CADJPY: Selling at fresh supply level. Waiting for reversal pattern (right shoulder of bearish head and shoulders) to complete in lower time frame.
my comments on the graph, thanks for looking. I hope we moon but..
$1300 IS THE TELL. Which way will it go? H&S / Double Top forming? Hedge your bets
Purists will tell you not to trade the H&S until the neckline breaks. I tend to prefer the outcome of looking for a nice reversal on the right shoulder, because you're already in a zone of resistance as proved by the left shoulder and head. If you do see a good reversal pattern at this level, you have a good chance of returning to the neckline as an initial target...