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Shspattern

USD/JPY - In an up-cycle into mid-January 2019USD/JPY has followed a nice string of up- and down-cycles since 2011 and in mid-February USD/JPY entered into its next up-cycle that will last to mid-January 2019. Especially the period into late summer and autumn 2018 should prove strong and a strong upside acceleration could be seen during this time-window. It doesn't mean that USD/JPY can't continue to rally to the end of this up-cycle in mid-January 2019, but the tendency is a strong rally to the mid-time of the cycle and then the rally flattens and goes sideways. I do expect the resistance-line from the 125.86 peak in June 2015 to be broken for a continuation higher to at least 114.37 and ideally closer to the June 2015 peak at 125.86. I have marked the rally from the June 2016 low at 98,96 to the mid-December 2016 high at 118.67 and the following decline to the March 2018 low at 104.61 as wave 2, but they could as well be marked as wave A and B in a large zig-zag correction in an unfinished flat correction from the 125.86 peak. However, for now our focus should towards the upside only interrupted by temporary minor correction. Short-term, I'm looking for such temporary minor correction from the current peak at 110.46 closer to support in the 108.54 - 108.85 area before moving higher again to challenge the resistance-line from the 125.86 peak.
Long
by EWS
Hey nano, now inverted SHS?? This could be more than greatHi everybody, Do you miss the entry point of this NANO bullish run?! As a continuation of my lasts charts, I think we can be on a inverted S-H-S formation. Seems that we can have another entry low point -at least lower than the end of this waves- on the green box with yellow letters. If my prediction is correct, this run with go to the end on the pink resistance line and pullback to retest support on the top yellow line of down trend channel. This is my idea but anyway it will be influenced by BTC movements so I will stay alert. Greets.
N
by Bitcoinwitness
NANO few hours before BREAKOUTHi everyone, we come from here. Let's update the hen of the golden eggs trend. As you can see, the formation of the last peak of the SHS -1.19% is being fulfilled. Once it has been completed, I expect a progressive bearish regression, the breakout of the 0.382 fibonacci level and go down to the .623 fibonacci level to test the resistance. My plan here is -once we have reached the red box and the trend reverses - put on my bearish hat and wait for the down hoping highers downs and wait until the indicators bring us new points of entry on the golden level. So... See you soon witnesses of bitcoin!
N
by Bitcoinwitness
EUR/USD possible long...invert head & shoulderThe SHS short did not perform as planned... but maybe it will very soon as a little up now could result in EUR going down for quite some time, but who knows... Looking at the SHS in the begining of 2017 there was also an extra low after the SHS before the long run up... so maybe more down... However this is posted just to show that there is a posibility that an IHS is forming for a new up-trend - watch your money with short SL if you trade this...
by fvadet
Ardor a truly bullish graphArdor build up a huge Shoulder-head-shoulder pattern in its graph. But this bearish pattern did not result in a further sell off. Instead Ardor had a bounce on the neckline and then it did fell through a little, when it fell through price reached a new low, but the RSI-indicator did not, it made a higher low, this bullish pattern is known as: Bullish divergence. From that moment on both price and RSI have formed an ascending triangle. Another bullish pattern. Yesterday Ardor left both triangles (as to be expected) on the upside and perfectly reached the target that the triangle gave us (see both green vertical arrows). Trading plan: either wait for Ardor to backtest the neckline or to overcome the first target (green Arrow), next target would be the top of the right shoulder (around 0.00006), but there propably is a whole lot more potential!
Long
by yuri72
4
Bitcoin - A nice little S/H/S top confirms wave E is developing Wave D peaked nice near the expected resistance-area and now a nice little S/H/S top confirms that wave E is developing. The ideal target for this E-wave is seen at 3,655, but be aware that triangle E-waves can be sub-normal and complete the triangle consolidation prematurely. Once this wave 4 triangle is complete a strong rally is expected in wave 5. A Bitcoin seems to have a tendency to extend its fifth wave rallies, that could call for a rally all the way to 9,150, before topping.
BITSTAMP:BTCUSD
by EWS
2
IOTA switch from short to long!We had a great run with our Iota short idea () but now it is time to switch to longs. A supportline (green) which started mid july has pushed Iota out of the downward channel (green oval).. to add to its merit a same supportline is present within the RSI-indicator. There is a little danger of a shoulder-head-shoulder forming (red curves). But the right shoulder isn't there yet, also shoulders are quite small relative too the head, so even if the right shoulder forms (which happens if the mid-july supportline gets touched in the coming days) it is questionable if it results in a drop below the supportline. Expect Iota to charge horizontal resistance at 0.00016 and if succeful 0.00019 / 20 area will be targeted.
Long
by yuri72
Classical SHSAs we see, price formed a high (left shoulder) The correction was pretty tough, went back nearly all the way (first weak signal that SHS might be forming) the next high could not get much higher (head) the correction was very tough again and went back to the level of the former correction, The next high (right shoulder) could not go higher than the second (head), thats where a SHS is very close now draw the neckline, (connect the beginning of the left shoulder with the low after left shoulder, and low after the head) If the price breaks this neckline, the SHS is completed, and it is very likely that the price will fall the same amount, it went up from the left shoulder to the head. All clear? Any questions? Let me know!
REducation
by Evan_Moe_Money