BTC IH&S Still Looking GoodFollowing through from the chart on the 6th. Would like to see consolidation today before another test of our latest high. RSI levels very high at the moment.
Neckline
BTCUSD - inverted H&S!It looks like the inverted head and shoulders pattern is still forming, if this pattern is able to fully form it is very likely the price of bitcoin would start to rise and we could see the price test the resistance level of the triangle (A). We will have to wait and see if the price reaches the low of the previous shoulder and is able to bounce, if the price fails to bounce we could see further bearish moves. I will keep everyone updated on this pair over the coming weeks.
EURUSD - H&S back on!The head and shoulders pattern looks like it would form once again. We have saw a double bottom form at the support level and the price has broken the neckline of the double bottom and looks like the price is now retesting the broken neckline, if this broken resistance now acts as a support level its a great position to enter a long trade. If the price starts to rally we could see this long awaited head and shoulders patter form. I will keep everyone updated on this pair over the coming weeks.
rising wedge still valid; 4hr srochrsi reset.As I had said an idea or so ago we will likely fake a breakout once or twice to reset rsi and stochrsi levels before w have enough momentum to break above the neckline of the inverted head & shoulders pattern. What was once looking like your average bull flag has morphed into a sort of small falling broadening wedge and now are 4hr stoch rsi is ready to go up again. I was also able to widen the bottom trendline of the rising wedge slightly and still maintain it's trend validity. So unless we see a big surge in bear volume here we are still inside the rising wedge and also found support at the wedge. If we do break down from the lavender wedge we may drop all the way back down to retest the bottom trendline of the symmetrical triangle. I think probability favors the uptrend still especially with the recent 4hr golden cross but need to anticipate the opposite happening as well. Just my opinion and not intended as financial advice. Good luck out there and thanks for reading.
NEO struggles to stay above necklineNEO has printed what seems to be a clear Head & Shoulders pattern on the 4 Hourly - this is often characteristic of am imminent bearish scenario. However, for this to take place, NEO needs to break below the neckline to complete the H&S. The bearish case is for the projected neckline to coincide perfectly with the lower support level (in red) to complete a possible 'double bottom'.
Nonetheless, the bullish scenario would be for NEO to bounce on this neckline to retest its previous high (in green).
Happy trading out there :)
Testing the Neckline of the Inverted Head & Shoulders PatternA nice bull surge has taken us to the neckline of the inverted head and shoulders pattern! We pierced it on the last candle..if we can close a couple candles above the neckline I'm fairly confident we will be revisiting the rimline of the inverted cup and handle pattern we broke down from last month. Breaking out from the inverted head and shoulder pattern will also allow us to break upward from the current pink symmetrical triangle we are in as well. However we need to keep an eye on the top trendline of the rising wedge we are still in (in lavender) breaking above this would be a very bullish sign indeed. As with all head and shoulder patterns...wait for the breakout (lots of bullish volume) to decide what to do, as they often times will end up being fakeouts. Good luck in whatever you decide to do, remember this is not financial advice, and thanks for reading!
BTC 1Hr Possible Inverse Head and ShouldersWatching for another dip to complete the right side of this Inverse Head and Shoulders pattern. Looks like just around $6,800 is our neckline. Could take a day or two for this pattern to play out. Watching for a break of the Neckline for a Long entry. A dip below our Head would invalidate this pattern.
AUDUSD Potential Pullbackon the weekly chart we can see in these 3 weeks price cannot break the support and make some rejection.
and on 4H chart we have bullish divergent and potentially make an inverted head and shoulders pattern as a reversal pattern.
entry strategy will be taken on smaller TF.
SL will be below the head
GBPCAD SellOn the daily previous candle make a pinbar and look reject from previous structure resistant.
we can consider to take a short position on the smaller TF.
M30 price pullback to previous structure to short, or wait at 50 percent retracement.
CHFJPY BuyPrice couldn't break 61.8 level confluenced with 1.272 level.
after make a double bottom, price break trendline, and now pullback.
we can take a buy position. final target on chart
INVERSE HEAD AND SHOULDERS ON 15 MIN - LTC GOING TO 102Assuming the start of WAVE 3... watch for price action to break the NECKLINE @ 102
INVERSE HEAD AND SHOULDERS ON D1 - ABC to the NECKLINE above 200It appears we have hit the bottom of the right inverse triangle as we completed a WAVE 5, which then should follow an ABC correction heading up to the NECKLINE above 200.
CHFJPY Shortafter previously price tag the SL, now price break channel and EMA 90.
Will take another short on pullback to the structure
Video: Identify & Trade The Head & Shoulders Pattern ProperlyText version of this video is available here:
Thank you for watching and please support by clicking like on this analysis, do the same for the text version in the link above. :) Like, follow, share and interact to help me stay motivated to keep these trending. Thank You!
BULLISH CCI Divergence on D1 - LTC going to $200 VERY SOON!!!!This BULLISH CCI DIVERGENCE ON THE D1 CHART is very significant due to the very long time frame. As you can see, the price has been going up and will reach the NECKLINE price target at $200 OF THE INVERSE HEAD and SHOULDERS pattern VERY SOON .
UPDATE - INVERSE HEAD AND SHOULDERS ON H1 NECKLINE TARGET HIT!!!I had predicted yesterday a price target of $123 at the NECKLINE of the INVERSE HEAD AND SHOULDERS pattern on H1. The next price target I had also predicted was $190 at the NECKLINE of the INVERSE HEAD AND SHOULDERS pattern on D1 which it seems to be developing as predicted.
BULLISH CCI Divergence with HEAD and SHOULDERS on D6Wow... I hope everyone is seeing this. Remember, the longer the timeframe, the more significant the data is on the chart. This bullish CCI Divergence on D6 shows the second half of the right shoulder starting to form. From this point foward, Litecoin will skyrocket to the NECKLINE which is at about $192.
USDJPYThe price seems to be in a steep bullish channel. This price has managed to reach a level which has previously successfully held as a strong resistance level, if the price is able to break this resistance level then we should see substantial bullish gains. But if the resistance level holds this might cause the price to break out the bullish channel, this can lead to massive drops in price.
AUDJPY Potential Inverse Head And Shoulder (long)Daily Charts
AUDJPY potential head and shoulders pattern
waiting for price to break above neckline to go LONG
[GE] Is It Time For General Electric Bulls to Return?Noticed a Inverse Head and Shoulders pattern looking formation here.
The 50 and 200 MAs also looking to converge around the neckline on 4-hr chart.
The neckline at $15 seems to be important, it has held support after a sharp bounce from the lows in the '08-'09 crisis.
If it can't hold above the neckline, some serious selling could occur unless fundamentals change.
Don't have much fundamental basis for a bull view, though. We'll have to wait and see the next ER!
