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Head_and_shoulder

EDU: BOTTOMING PATTERN & GAP FILL PLAYEDU ( Chinese stock ): I'm bullish Chinese stocks in general but I really do like the look of EDU. A few reasons to keep a good look on EDU: - price is now above all the moving averages on the daily chart; - price is getting back above the Ichimoku cloud; - there is a huge gap between $29.70 and $57.34; - the weekly chart chart has the look of an inverted head and shoulders (but not really perfect). Has EDU found a bottom? It looks like it. Can we fill that gap? Not sure. However the chart looks promising. The next resistance is at 29.70. If we cross 29.70 I would expect the price to accelerate to the next resistance of 50.27, then potentially fill the gap. If we see weakness in the coming days, the next supports are at 24 and 22. I would wait for the price to cross 29.70 before initiating a long position. My 1st target will then be around 50, my second target will be at 57. Trade safe! (This is no financial advice. Technical analysis is given to help you make your own decision. As always place a stop loss when you enter the position, and do not ignore risks of delisting for Chinese ADRs).
NYSE:EDULong
by Elpidaldo
2
TESLAHello & welcome to this analysis In the monthly time frame we can see the stock has broken and continues to trade below the Ichimoku Base line support, suggesting a likely test of the Ichimoku clouds in the coming months. In the weekly we can see a Head & Shoulder formation with the right shoulder withing a parallel channel. Sustaining below $205 (weekly) this could break all the way down to $150 before any relief / value buying comes in. Short term bounces here there might come due to oversold zones, but overall structure has become very bearish for the medium term.
NASDAQ:TSLAShort
by Dinesh_C_Nagpal
1
SPX500 Shooting down rapidly SP500 has finally broken down the head and shoulders pattern I discussed in the previous idea , and now it's facing some resistance from a trend line descending since last Aug. Here I see two scenarios: scenario-1: opening in a gap without under the trend line, but it has to face the demand zone @3771. Then it might shoot up to retest the neckline of the broken head and shoulders pattern and grab some liquidity to dive again all the way to 3655 scenario-2: the price will react to the trend line and go up to meet the neckline of the broken head and shoulders pattern and grab some liquidity to dive again all the way to 3655. ------------------- Let us know your thoughts in the comments, and show your support by liking the idea. Please follow if you're interested in more ideas like this. Your support is greatly appreciated!
OANDA:SPX500USDShort
by Candlestick_OB
4
USDJPY BullishI see USDJPY moving upward for the following reasons: 1- failed to make a new low, lower than the previous low @ 130.50 2- touched a Demand zone. 3- made a double Bottoms with Divergence @ RSI 4- Broken 2 weekly trend lines and a local small trend line. 5- got rejected from a 200 DMA. We must see a break in momentum through the Fib level 23.60 and 61.80 for that scenario to occur. After that, the price will attempt to reach 141.50, which is a strong resistance zone, before going back to retest the previous resistance zone @138.9 to print a daily head and shoulders pattern. -------------------------------- Feel free to share your thoughts in the comments, and kindly support the idea with a like. Your support is greatly appreciated!
Long
by Candlestick_OB
1
What's Next on Copper Intraday H&S?The aforementioned Asset Re: Copper displays a possible bearish intraday set-up. All things considered (Methodology, + Risk strategy), should this set-up become validated, this trader will revert to correlated assets i.e., XAUUSD and co-correlated assets of XAUUSD i.e., XAGUSD, AUDUSD, NZDUSD, EURUSD and GBPUSD, for similar set-ups and entries within the annotated and technical direction. Ps: Not intended as a form of financial advice, but merely reflects the opinions of a retail speculator.
PEPPERSTONE:COPPER
by UnknownUnicorn34908408
BTC Forming right shoulder of H&S...headed down to $15,600?BTC keeps getting denied at the centerline of the main downward channel. When the upward channel that's been in play since November 21 intersected with the main downward channel there was a steep breakdown. Now I believe we will finish out the H&S as drawn until we reach the bottom of the upward channel on Thursday. Then there will likely be another dump down to support at $15,600 which is also the 0.128 line that has been major support and resistance in the main downward channel. I think this is really only the beginning of a massive dump until the end of the year. Mercury will be retrograde on December 28 and 6 out of 6 of the last times Mercury has gone retrograde, a major dump has taken place in the 2-3 weeks preceding the exact date of retrograde. We have entered this shadow period now so I think this is only the beginning of several weeks of bears in control. I think we'll see at least $12k before year's end.
Short
by cyberalchemy
1
DXY heading northOn the daily chart, The DXY holds in a powerful resistance zone; there is a 200DMA, monthly resistance, weekly resistance, and a supply zone with a 38.20 Fib. In the 6-hour time frame, we have two reversal patterns, with a divergence in the MACD. We may see a head and shoulders pattern if a candle closes above 105.74, as shown by the yellow arrows on the hourly chart. -------------------------------- Feel free to share your thoughts in the comments, and kindly support the idea with a like. Your support is greatly appreciated!
TVC:DXYLong
by Candlestick_OB
SPX500 might be heading shortSPX500 is facing strong resistance, 1 - touching a trend line that started on January 22 and touched again on March 22 and August 22. 2- A touch of the 200-day moving average. 3- Touch the ascending channel's top trend line. 4- Entered and exited a supply zone. On the 4 hour time frame, I see a head and shoulder pattern with a divergence on the MACD In order for the bears to take control, the neckline of the head and shoulders pattern at 3903.4 needs to be broken. -------------------------------- Feel free to share your thoughts in the comments, and kindly support the idea with a like. Your support is greatly appreciated!
OANDA:SPX500USDShort
by Candlestick_OB
2