inverted H&S spotted, it broke the neckline. i think that it will retest the neckline and the uptrend structure that at this point are very close. this level coincides with a 61% fib correction of the move too. target is the projection of the "head", that coincides with the 161%fib extension. i will place my order at 0.683, the sl right below the 38% fib...
i like head and shoulders, i find them the easiest pattern to trade, spotted this one on EU
i have this shit circles(H&S) on my chart since a wile, yesterday i set a sell order at 5.55, and 10 min later i canceled it because of lack of confidence. i think ti will retrace to 5.46, but at this point it's just too risky entering, the perfect entry was yesterday. will look for buy opportunities AFTER the bounce, could find floor at 4.80ish
solid chemicals company, on a weekly tf is forming a cup and handle, but for now better look at lower tf. ibex35 looks fighting with the 9000pts resistance zone, but i have no doubt it will surpass it due to EU not easing QE, this might drag up with it this shit. technicaly formed a reverse H&S, had a false break thru, quite big one, but spanish stocks are quite a...
reverse H&S, pattern proyection to 15500ish, have this pattern on the chart since it started forming the right shoulder...but ddnt trade il..fk me
don't realy care about the short term, i'm in since june's first dip(and a position biught higher burt in welty green now) by a tecnical point of view the dog just popped out of an ascending wedge...let's see..theoreticaly the pattern's target is around the 0.000041$, 53% from now
i think this crap is going down. has an enourmous gap to be filled down there at 100ish..but that would be a market crash, not a correction witch is what i'm expecting. the top looks like a whyckoff distribution
this piece of crap has gone parabolic, i think that at this point it has to be seen in log scale . expecting correction at some point.
dunno what to think guys n gals, let's see what the next week awaits, but in bearish scenario i will be looking for buying opportunities every time the price meets or one of those trends, in worst scenario if the H&S forms, it's normal objective would be, when completed a 10% correction from the top. let's see what happens.
sp bounced twice on a monthly resistance(black dashed), now sitting between 2 weekly resistances(pink), i think it will at least retest the upper one, from there could bounce back, in that case it would be a new lower high or head to the next one above, where it will find a strong resistance area too. The move has been done with good volume, but any how the volume...
china 50 doesn t look good, head and shoulder looks like forming...tonight will look if i enter the trade, by now i got stopped out because my broker ended contract
dollar is strenthening, euro QE relaxing but think about it: would you rather turn into dollars or euro?
uk afected from some serious shortages lately: petrol, food, truck drivers usa will have to start easing their QE policy rather sooner than later. entry at 1.36 retest and at neck line retest. possible entries at resistance retests. tell me what you think.
friday was lower than thursday, statisticaly this happens 25 weeks a year and when happens 21 of 25 mondays trade lower. let's see how it reacts meeting with that resistance line. possible HS pattern, will add contracts on neckline retest. anyway dont expect a crash, the fed injected their weekly jab of QE, this means that the carpet is still under the feet
saw the market sniper talking about this, gave it a look and this is how it looks like to me
if sp falls this is one of the stocks that will bring it down. all fang look incredibly similar in setup
i think this shit is going down, btc too looks like in downtrend, since mara is a big holder of btc it's balancesheet will be influenced
100% chart analisys, not backed by any fundamental. if could explain some fundamental to back or dicart the idea it would be apreciated. thanks