Head & Shoulders PatternInverted Head & Shoulders setup in-process first structure point to break through is 0.71900 and it should be a steady ride up to 0.72400
Shoulders
Head and shoulders forming Possible head and shoulders forming in WB. I was expecting WB to rise with the large tech stocks but with the weak performance of most tech stocks other than AAPL recently I am afraid they will resume their downward pattern. They had a strong upward pattern since May but a Head and Shoulders is a bearish reversal pattern.
I'm not sure where to put the neckline could someone help me with that? My understanding is that it starts at the dip before the first shoulder than ends at the dip after the second shoulder (which hasn't formed yet so maybe we can't draw that in yet)
Appreciate any comments! Thanks
GBPUSDTF: 4 HR
Potential inverse head and shoulders pattern may be forming on the 4-hr TF. The potential retracement to make the right shoulder would align around the 0.382 and 0.50 levels making this a decent trade to the upside.
EURUSD - Head and shoulders with massive risk - reward ratioEURUSD has been in bullish trend for some time now and we see perfect pattern of Head and Shoulders at the end of the bulltrend, so a reverse is expected. We have broken a few times the neckline, but went right back through it, which is called whipsaw, made only to trigger orders and stoplosses. Execute a sell order with small lot and put the stoploss at the high of the right shoulder.
EURCHF - Time for another correctionAs we can see, when we started the channel we had head and shoulders pattern which was successful, so right now we are inside a channel and we have formed another head and shoulders pattern, so if we break through the neckline, we should expect a drop as following. there are 2 supports that we have as TP . Good luck!
Probability of head and shoulder pattern formationEURJPY is more likely to form a head and shoulder pattern.
If the reverse head and shoulder pattern is created, we will have a target of 122,500.
If the pattern is not formed, the price is likely to fall to 118,395.
Signal by Yazdani
USDCAD - 1 hras you can see on elliot counter the rpice is nicely on correction phase and some how is similar to Head and Shoulders
just wait to retest the neck line and bingooooooooo
GBP/JPY Bearish Head & ShoulderKind of a late post but nonetheless I think it's a good setup.
Enjoy :D
BTC Inversed Head & Shoulders?Potential!
Just a idea.. chart looks like it will retrace 10k barrier on higher timeframe again denied.
follow Cryptonicx for more stuff like this! <3
Invers H&S in making on 4HHello traders,
by the look on the 4h chart, it seems very likely, we are making inverse Head & Shoulders pattern, which is maybe one of the only patterns bitcoin really follows most of the times. If thats going to work out, we should make another shoulder down to around 8750/8900 area and when price go back up to 9150/9250 and brake the neck area, we should get to at least 9700/9800. Depending on how strong this move gets at that point, if bulls are strong enough, they may try to test the 10k area again. Lets see.
Can it be, what bulls need now? Or bears will take over and take us lower? Let me know, what you think, in comments. Thank you.
This is not a trading advice!
BTCUSD - Head and ShouldersA head and shoulders reversal pattern with a potential target of 8k .
8k is where is in confluence with the 200sma on the daily - currently at U$D8040
Looking for 9k confirmation before re-testMy previous short target hit, albeit very quickly (see related idea).
I'm waiting for us to creep back down to low 9k's/ high 8k's before we confirm whether or not we will continue this raunchy looking triangle.
if the triangle is not to continue, we will fail to break 9500. This resistance may be encountered beginning at 9300+.
Alts are showing more strength than ever. I have my eyes on several projects that have been trading strong against btc's descent.
GBP/USD for short term buyLong trade only if channel is broken and closed above trendline. Short if price break and close under shoulders and support :)
#Bitcoin Scalp short - head&shoulderRisking a small scalp short on BTC, i want to short higher tbh but taking this one as well, if works it's good r-r
if you are not risk taker then wait for right shoulder to form & then short instead of jumping the gun, i am adding small position here, if it all goes well will add bigger position on right shoulder :)
Possible Short on BTCUSD - Head & Shoulders FormingJust a quick one - Looks like a classic Head & Shoulders pattern forming on BTCUSD 15m at the moment. Crypto Scalper's showing a Short at the current price. Get in quick and ride it to the next support at $8400-$8500.
Bitcoin Short Term ShortShort in the short term. Expecting ranging for the next few weeks before some continuation higher. Expanding wedge leading into further sell off. Head and shoulders on shorter time frame just confirmed. Figured why not trade some Bitcoin during quarantine.
