Zcash working on filling out right shoulder for next breakout Zcash appears to be forming a special inverse head and shoulders pattern I like to refer to as the sweet dreams or sleepy head inverse head and shoulders as the trendline you draw to highlight the head and shoulders take on a smile face with its eyelids closed. I anticipate even though I already drew the hypothetical length of the right shoulder fairly s that there’s a chance it could break above the neckline after forming an even shorter right shoulder based on some of the recent tiny right shoulders we’ve seen fro the likes of digibyte, atom, cardano and others. Always a chance since it’s left shoulder was tiny that the right one could buck the trend and form a regular sized right shoulder too, either way I’m confident with market conditions how they currently are theat probability favors this pattern breaking out and up eventually. *not financial advce*
Rightshoulder
How reliable is head and shoulders pattern, Nifty50 1DThe head and shoulders chart depicts a bullish-to-bearish trend reversal and signals that an upward trend is nearing its end. The pattern appears on all time frames and can, therefore, be used by all types of traders and investors.
The head and shoulders patterns are statistically the most accurate of the price action patterns, reaching their projected target almost 85% of the time. The regular head and shoulders pattern is defined by two swing highs (the shoulders) with a higher high (the head) between them.
Publishing chart what caught by my naked eyes...!
Rest all on you...
Regards
ADS (Adidas) BullishDaily Chart
Wait a possible emerging breakout and retest of the current downtrend
MACD is approaching the 0 with momentum
RSI has moved from the oversold Levels.
We have World Cup Football Promotion
Possible emerging Right Shoulder Formation (Head and Shoulders) then retrace to existing neckline.
3 Fib level extension targets.
BTCUSDT Price ActionAfter an swing upward, price fail to reach at least 33k region.
Candlesticks inverted hammer & doji consecutive after an peak, bearish.
Neckline: the priceaction will reaction from this and pullback to test.
Expected a head in formation. Head and Shoulders correction in confluence to triangle.
I've wright in baloon 'if price... breaks down... confirm reversal', but this is not a uptrend as the ordinary people may have think. All is BEARISH.
Volume: show of weakness.
If price action breaks down 61.8% of Fibonacci retracement, then one more confirmation to remains bearish and maintain short. 30k is the region of the neckline of the major double bottom to pay attention. The price action can form a wide range. But I'm expected dump.
Grab A Pair of Nike’s For A Friendly Game Of…Grab A Pair of Nike’s For A Friendly Game Of…
...head shoulders knees and toes!
I’ve identified a head and shoulders pattern on Nike’s (NKE) weekly chart.
My plan is to swing put option contracts on NKE. The measurement from the neck to the head is approximately 55.69 ticks. Therefore, the maximum price move to the downside is 62.99.
On another note, I was looking at Nike’s trend going back to 2016 and identified several bullish patterns along the way that made me smile with glee. I like this stock and will pay attention to it more than I have in the past.
*This is not financial advice.
“Check” your head and shoulders,
Al
BTC: Buyers Beware. Head and Shoulders was correct IMOBuyers salivating again that their is a bounce in BTC. They will not learn. The biggest BIGGEST mania, bigger than tulipamania, and they are expecting
100k! The likely outcome for me is that BTC is in a corrective ABC pattern. I do not use nor recommend Elliott Wave but it is useful. From a personal
history EW led me to many losses because of its subjectivity and I refuse to use it unless it is an OBVIOUS pattern and not a wave count. Time to test
your ability to wait and do nothing and practice patience. And yes the Head and Shoulders pattern was correct IMO.
Inverse Head and Shoulders on WalgreensThis could take us up to the 88.6% Retracement i would buy half of what I would normally buy here and I'll buy the rest if it pulls back more. Stoploss below the level of the right shoulder. In either case my profit taking level will be the 88.6% Fibonacci Retracement.
FCPO TRADING : 139) RIGHT-SHOULDER OF HEAD-AND-SHOULDERthis is the 1st day of the new fcpo-nov...
hi, this is haidojo trading and the number is 139...
well, what has happened today is the price tested 2710 and slided down...next level it might go to the "neckline"
2560-2605...a break lower than this level indicates that a lower-low has formed...trend has changed to downtrend...
resistance : 2780-2810
immediate resistance : 2710
lower support : 2560-2605 the possible neckline for "head-and-shoulder"
WARNING!
RISK DISCLAIMER : this is juz a trading idea...trading stocks, futures or forex might incur a huge risk to your account/funds… DON’T LOSE MONEY THAT YOU CANNOT AFFORD …any idea(s) of trading in this episode SHALL NOT be regarded as a hint of BUYING or SELLING . It is MERELY a trading journal and it has been used for educational purpose only… trade at your own risk!
**your "LIKE" and "FOLLOW" are my main source of motivation to continue posting more valuable contents...TQ**
FCPO TRADING : 134) DEJA VU' feeling? hi, this is haidojo trading and the number is 134...today fcpo-oct gives us a sense of deja vu' feeling...with the consolidation still in the process...
exchange date on 16th of the month...in which the contract will end tmr...so watch out those swing traders...not much movement in fcpo-oct
today...except of a huge gap-up...and sideway...
resistance : 2780-2810
support : 2710
lower support : 2560-2605 the possible neckline for "head-and-shoulder"
WARNING!
RISK DISCLAIMER : this is juz a trading idea...trading stocks, futures or forex might incur a huge risk to your account/funds… DON’T LOSE MONEY THAT YOU CANNOT AFFORD …any idea(s) of trading in this episode SHALL NOT be regarded as a hint of BUYING or SELLING . It is MERELY a trading journal and it has been used for educational purpose only… trade at your own risk!
**your "LIKE" and "FOLLOW" are my main source of motivation to continue posting more valuable contents...TQ**
trading a possible formation of "head-and-shoulder" patternthis is a fcpo trading
we can actually use the structure formation to involve in our trading...for this example, we can use the formation of the right shoulder as a structure level to short the market...the neckline is possible to be formed at 2300, the psychological and strong support level...a breakout of this level will mark a turn to the downside...
resistance : 2367-2400
support level : 2300
this is juz a trading idea, trade at your own risk...
pliz like and share...
POSSIBLE SELL OPPORTUNITY FOR LONDON OPENHello traders! We could get a bearish reaction if this zone gets a retest. This retest will form a beautiful falling right shoulder if the market decides to revisit this area. Monitor price action for trading opportunities. This is an idea not a signal, published for educational purposes. Trade smart don’t gamble.
-Rum
GVT - Huge Head & shoulder formingThis will be a good one to hold for a while, looking to enter at Fibonacci retracement which lines up perfectly with possible Right shoulder forming
I am using Loose stops as I was hunted on my tight stops yesterday
This is based on weekly timeframe so let the price action develop on mentioned levels
I have also started sending Proper signal in telegram channel as some of you are not able to interpret from charts
POSSIBLE SHORT OPPORTUNITY Hello traders! We are seeing a rally to a key zone on this pair where we could get a reaction. If price gets to this area of previous minor support, it would be a right shoulder that presents us with a short opportunity on the Dollar Cad. This is an idea not a signal, published for educational purposes. Monitor price action for trading opportunities. Trade smart don’t gamble!
-Rum