H&S IN ASHOK LEYLANDHigh volume indesition candle is formed towards breakout of head and solder with multitouch resistance..
Headandsoulder
Possible Head & Shoulders for APHA?A H&S pattern is clearly noticeable on the RSI & KST.
On the KST the right shoulder is lower than the left, but on the price the right shoulder is higher than the left, not sure if that's considered a bearish divergence but if there's further downside action it would seem accurate.
On the KST each shoulder & the head display a bearish cross where I have placed the red finger, this happens when the red line crosses over the green in a downward angle.
Head and Shoulders - "Learn More Earn More" with usHead and Shoulders Definition:
A head and shoulders pattern is also a trend reversal formation.
It is formed by a peak (left shoulder), followed by a higher peak (head), and then another lower pea k (right shoulder).
A “Neckline” is drawn by connecting the lowest points of the two troughs. Neckline support does not need to be strictly horizontal.
. This illustrates that the upward trend is coming to an end.
. When a Head and Shoulders formation is seen in an uptrend , it signifies a major reversal .
. The pattern is confirmed once the price breaches the neckline support
In this example, we can easily see the head and shoulders pattern.
How to Trade the Head and Shoulders Pattern:
ENTRY:
we put an entry order below the neckline.
TARGET:
We can also calculate a target by measuring the high point of the head to the neckline.
This distance is approximately how far the price will move after it breaks the neckline.
EURUSDWe have a strong weekly resistance here and the price just formed a side way head and shoulders with this rejection. Lets see if we can get the price down today.
DXY and Fall More (Continues Head and Shoulders Pattern)the detail is shown on the above Idea. this idea is in continuation of the previous Idea.
Sanofi: head and shoulders configurationSanofi has developped a head (h) and shoulders (s1 and S2) pattern from 2013 to 2018. During 2018 a strong pullback has been observed to the resistance R. If the pattern is confirmed, price will begin to decrease in the coming weeks.
Objective 1: 68€ (the neckline)
Objective 2:50€
EURUSD got chance to go down.. Check my analysis here!EURUSD have chance to go down smoothly..........
Main reason of this chance:
1) EURUSD have confirmed Head & Shoulder breakout successfully.
2) EURUSD has confirmed for down trend starting normally.
3) A nice Pinbar candle confirmation has cleared all of these to us...
First learn, then earn...
