REN/BTC Head and Shoulders PatternBINANCE:RENBTC
Looking like a head and shoulders reversal here on the 2 hour. This is not financial advice and this is my second chart published so feedback would be welcomed and appreciated.
The top of the head is around 1394, and it breaks the neckline at around 1256. That is (rounding up) approximately -10%.
By taking -10% from the breaking of the neckline we get to the level around 1078 which also stood as resistance on the 22nd and 23rd before breaking above and creating the left shoulder.
Using these numbers, a retracement area of around 1078 is calculated as a price projection for a possible reversal - if the volume starts to show signs of increasing around that area. That 1078 area will be very crucial in determining if the trend will go up or down.
Also further confirmation for the h&s is the decline in volume from the left shoulder, to the head, and finally to the right shoulder. Aaaand the RSI of course is decreasing as well signalling an undervalued price.
It's hard to say where it will go from there but I would say it would go to at least the previous high of the head around 1394. Anyways I have spent way too much time on this so I hope yall appreciate and I really hope my rambling makes sense. My decision-making fatigue is pretty maxed out by this point in the day.
Safe trading.
Headshoulders
Head and shoulders ( Hombro Y Cabeza)Tanto el día como las cuatro horas muestran un patrón de cabeza y hombros. Cuando esto ocurre, a menudo hay un empuje más alto antes de caer en picado. Mi objetivo para BTC es de $ 8350 con una mecha de hasta $ 8400 antes de comenzar a descender.
Both the daily and the Four Hour are showing a head and shoulders pattern. When this occurs there is often a push higher before plummeting down. My target for BTC is $8350 with a wick up to $8400 before we begin to decend.
GBP/NZD: Day-Swingtrade! S/H/S-CHANCE!Hey tradomaniacs,
welcome to another free signal!
Important: Wait for the Breakout and place a sell-Limit!
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Type: Day-Swingtrade
Sell-Limit: 1,93032
Stop-Loss: 1.94035
Target 1: 1.92095
Target 2: 1.91732
Targt 3: 1.90815
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LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
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Long for USDCADThis time is for LONG in USD/CAD because we finished the Head-Shoulders inverse pattern.
Happy trading.
Head and shoulder forming keep tight stop lossesHead and shoulder forming on 4hr chart. Neckline has formed. I see slight uptrend followed by a lot of bear food. Keep stop losses tight traders.
[H1]GBPUSD Heads And ShouldersHere is what I see for GBPUSD.
I see a head and shoulders pattern forming. The neckline of the pattern is inline with a support zone, if price can melt and turn support to resistance than we might
get a drop from neckline to end of lowest point of H1 Support.
Potentially we could see a bigger drop if you check 1D Chart and H4 Chart.
Will also publish those ideas. Hopefully the market continues its bearish momentum.
#Centrica - 2 consecutive H&S patterns. Interpret that!No amount of technical analysis can interpret Centrica's
consecutive Head and Shoulder patterns.
EOSBTC Quick SHORT OpportunityWe see a H&S // Double top... We are in wave Y of the finally wave down, short term.
Head and shoulders inverse trade AUDNZDOn my radar today: a nice head and shoulders inverse pattern on the FX:AUDNZD . Divergence in the RSI and price is coming up to hit the entry level.
Have a good weekend!
Entry, SL and TP are on the chart :-)
Head and shoulders with entry under necklineAfter the nice trade yesterday on the AUDCAD HS i've got a new one on the FX:AUDUSD . Price is coming up to the neckline and the hs are valid :-)
Let hope the US employment numbers don't mess up the trade ;-)
Happy trading!
GN potential head and shoulders patternIf GN keeps dropping look for a completion of the head and shoulders pattern. enter trade at the neckline.
VXR: Head and Shoulder Pattern + Death Cross + Descending Tri Unless something fundamentally changes the stock isn't looking healthy. Low volume signaling a large movement about to occur within a bearish descending triangle and with the stock trending under 200 EMA. This is after completing a bearish H&S pattern. However, it is to be noted that the SMAs are building towards bullish momentum, so a close eye must be maintained for any anns that will reverse the tide down.
Heads and Shoulders: Return to Projected EMA 200? Volume decline and the formation of a heads and shoulders pattern, with corresponding MMAR showing signs of reversal. If complete, signals a decline towards EMA 200.
USDCAD - SHOULDER HEAD SHOULDER- BUY -
ENTRY: 1.28978// SL: 1.2867// TP: 1.3015
SELL
ENTRY: 1.3026// SL: 1.3056// TP: 1.26707
HAPPY PROFITS EVERYONE !!!
Possible Head and Shoulders formingObserving the formation of a potential Heads and Shoulders forming on FX:USDJPY .
Not a trade advice, always do your research and analysis prior entering into a trade.
