Headandshouders
Sun Tv Head and Shoulder Pattern in daily time frame. We can clearly see that there's head and shoulder chart pattern formation in daily time frame.
Do your own analysis before taking any further action.
This is for and only educational purpose.
#VXX #VIX #SPX #SP500 Head and Shoulders Nearing CompleteI wrote, earlier that We looked like we could be getting a Head and Shoulders on the #VIX #VXX, what that means that volatility was looking to deteriorate, #SPX #SP500 would see a rally. We saw that this past week. Waiting for this break to see IF there is more upside in #SPX.
EURAUD Weekly Chart H & S Pattern In Process!Like the EURUSD, This pair is in the process of forming a head and shoulder pattern!
Once the pattern is complete a break to the downside would be on the cards. Furthermore the weekly EMA 50 would also be violated in the process thus reducing the amount of support levels in the process. Once the neckline is broken i will wait for the retest of either the weekly 50 EMA or the neckline itself before i place the trade.
It might take a few weeks for the pattern to complete but its worth the wait as its a high probability pattern and the risk reward might be 1:2 or 1:3.
I will update this thread later in the future shall the criteria meet.
NO! no head and shoulders? YET!We all want to see shapes.. but please don't call out these shapes that are not there.
Or at least inform us about your premature/early calls.
EURUSD nice opportunityUpside down head and shoulders formation. Pair is holding above 200 ema and GAP from daily chart. I'm bullish on this pair and my TP is close to 1.2800 which gives R/R ration around 5:1.
links below showing pairs which are following trend after upside-down head and shoulders formation appeared on chart.
