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Headandshouldersbottom

BTC/USD Head And Shoulders Pattern 4 HourHi Traders, I'm looking at BTC today on the 4-hour time frame. We don’t know if the bottom is in yet for this recent capitulation but that’s not my problem to solve. I only trade what the charts show me. If a setup presents itself and fits into my list of rules and criteria, then I will jump into a position. I'm noticing a potential head and shoulders pattern. We have full divergence on the MACD What I would like to see is the price close above the neck zone impulsively with substantial bullish volume to accompany that move. I would then look for low bearish volume on a retrace down to the neck zone. Once the price retraces deep into the neck zone, I would open up a long position My target would be the 23.5k level Trade safe out there! The Vortex Trader
BITSTAMP:BTCUSDLong
by TheVortexTrader
GBPUSD - Head and ShouldersIf you had followed my Weekly Market Analysis closely, you would be aware that last week I've said that the market is going to retrace from the high to 1.2475 and for those who had entered the counter-trend trade of the ABCD Pattern at the HOP level , 1.2186 not to panic. What you can do is shift stops to entry and observe if the level at 1.2475 holds on the daily chart. When the market opened, you can wait for the Bullish Deep Gartley Pattern for an entry opportunity to ride on the wave. Check out the link at the bottom.
Long
by RaynLim
Short-term technical upward move likelyThis is a short-term trade. On the technical side, we've got the following things that make a bullish move more likely: According to seasonality, in the last 15 years, only in one year went the price down within the timespan from the 7th of May until the 23rd of June. So, it's a bullish time for this stock according to seasonality. The prior inverse H/S pattern got broken; the price went up, came down, and tested precisely the neckline yesterday. A clear hammer candle formed yesterday.
NASDAQ:DXCMLong
by p4917
USD / JPY 121.516 0.26 % SHORT IDEA * H&S FORMATION 💡💴💵📉HELLO EVERYONE HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE. NEW WEEK, NEW OPPORTUNITIES. LOOKING AT THE DOLLAR / YEN * The PAIR has been trading in a Ascending channel , just tested the roof of this structure after that extending this move with a strong bullish rally towards the upside, Then saw that beautiful correction with the bears after that resistance hit. - Short term the pair is consolidating creating the right shoulder of the head and shoulder formation. - Looking for short entries on the THE PAIR going into next week, A break below of the support of the range and close will be the trigger for this trade amongst other things. BREAK ABOVE AND BULLISH MOMENTUM INVALIDATES THE SET UP. Scaling to lower time-frames for entries probably 1H and lower upon break below. Here's what we have on the 1H lets see how it goes IF THIS IDEA ASSISTS IN ANY OR IF YOU LIKE THIS ONE SMASH THAT LIKE BUTTON & LEAVE A COMMENT. ALWAYS APPRECIATED ____________________________________________________________________________________________________________________ * Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT. _____________________________________________________________________________________________________________________ | * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - SWING TRADE
Short
by PULEMokhothu
Bitcoin - Is a 20-24k in the cards? 200 week ma & logarithmic In this video: * Where must we close today/tomorrow? (0:00-3:30) * Why additional variables outside of technical analysis only mess with good technical analysis (3:30-4:30) * Is this really a valid H&S pattern? (4:30-6:30) * What I need to see for further confirmation down (6:30-11:30) * A look at the weekly chart - M pattern spotted (11:30-13:25) * A logarithmic view (13:25-17:00) * 200 week moving average (17:00-End)
INDEX:BTCUSD
by stewdamus
1
SPY Super Predictable.Hello Traders, It's been awhile since I've shared with the class, so I figured I'd give a little Christmas treat. In Dec., SPY has been extremely predictable so far. Those trendlines (the 2 red and 2 long green and blue), those were drawn around the 6th. As you can see, the PA has been very true to the trend. Now, this is where it gets a little more exciting. IF TODAY CLOSES ABOVE THE NECKLINE, which happens to be the trendline, or one of the upcoming days... There is a potential IH&S (inverse head & shoulders aka H&S bottom). I realize that is a little tight with that right shoulder only a point or so away from the bottom of the head, but technically it still applies. Since it is I would guess that this means there could be more Throwback (moves down before up) and this would hurt post breakout performance. Note: this IHS could totally wipe since it's unconfirmed so far. Also, the target is not a prediction of date, could happen sooner, could happen later. The other wrench is the throwback, if we see a lot of it, the target will significantly be reduced. Even if we decide it's not going to be a IHS it's still an (Eve & Adam) double bottom with a fast reversal on the Adam side, so bullish either way. With all that said, I think we are looking at a nice little melt up to end the year and pending any crazy news, we should also have a pretty bullish January. So move all of your doomsday predictions out at least a month bears. Good luck and Merry Christmas. Sincerely, Mike ****Be sure to Like, Follow, Support****
AMEX:SPYLong
by UPRIGHTTrading
2
Bullish EURCHF high probabilityDaily - Lower trendline being hit. 4Hr - Impulsive move out of the HTF trendline. 1Hr - Descending channel formed hitting the HTF trendline, giving a False BO to the downside and impulsively moving the price to the other outside part of the 1hr descending channel, possibility of head and shoulders formation too, + double bottom from a June 2015 swing. The only need now is to wait for a correction to enter after it, with an SL below and the TP at the beginning of the descending channel. Trades always need to be managed. Markets can flip their motion like English weather, better to preserve than to lose all of it.
Long
by GonzeeTrading
Inverse H&S (bottom) on the 1hr SPYHello Traders, This is a follow up on my last post. Some traders have never heard of the term Head & Shoulders Bottom, it's a small technicality, so I will be more clear. Looks like we have confirmation. So we could have some throwback, but ultimately the direction is up. You may see more shorts jump in angrily, but that's how it is. Unfortunately, there are always people on the right side of the trade and the wrong side. Also, with throwback and only 71% of meeting that 2nd (longer target) it doesn't make things so cut and dry; however, December is typically a smooth riding month, so I wouldn't be surprised if we see a bit of a melt up. The odds are very much in the Longs favor here. Lastly, please note, there is also a Double Bottom (Adam & Eve DB). Confirmation was at around 459.05. I wish you all the best! Cheers, Mike
AMEX:SPYLong
by UPRIGHTTrading
1
$SPY H&S Complete. MKT 'Arena' notes for tomorrowHello Traders, As you can see on the posted chart today we completed the Head & Shoulders Bottom. I've written out the calculations to help teach you how to measure price target. The following is a list of Bearish & Bullish indications going into tomorrow. ((Circle colors: Yellow = Bullish, White = Bearish)) Bearish: -Head & Shoulders Bottom theoretically complete. -Bearish volume to price divergence. -Topping signal (my indicator). -RSI overbought 1 of 2 RSI signal. -DMI+ nosing downward (slight). Bullish: -Green last 4.5 sessions. -Growing OBV (as expected). -ADX nosing upward. -DMI- nosing downward. I hope everyone had a great day today! Are you Bullish or Bearish going into tomorrow? Cheers, Mike
AMEX:SPY
by UPRIGHTTrading
21
$AAPL Drew this on 10.12 Inverse H&S bottom, needs neck-L break Hello Traders, I drew the attached on 10.12 for a discord group I'm in and the H&S Bottom pattern still stands. If it breaks the neckline we should see a reversal and a continued push higher (although, today I did circle that the closing price is currently at the exact edge of my regression channel). As I mentioned in my previous recent posts, the market has been a bit indecisive as of late so make sure to manage your risk. We did see the VIX drop way down to about 16.80 down from yesterdays high of 20+... So things are cooling off a little bit. Today felt like the markets equivalent of a sigh of relief, gapping up past SPY's resistance overnight and ending the day near the high. Feeling much more bullish going into Friday. Good luck! Cheers, Mike
NASDAQ:AAPL
by UPRIGHTTrading