Tag Archives: head and shoulder

Apple Inc – Developing Head & Shoulder Pattern.

I posted details of a bullish 3 drives pattern in Apple on 24 April with a follow up on 3 May. Although the strategy discussed in that post is yet to reach its profit objective, Apple is starting to look as though it could be forming a bullish head and shoulder. … Continue reading

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BHP – Head and Shoulder Buy

Technical traders may be interested in the fact that Friday’s strong rally in commodity prices looks like setting BHP up for a head and shoulders buy today.

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German 30 looks a head and shoulder prospect

The long term Dax chart looks to be one of those situations where a steep trend has been broken with the prospect of a move down to support at a longer term more conservatively angled trend line. Against that background, the daily chart is forming a … Continue reading

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EUR: JPY – Head and Shoulder

It’s very early days yet but the 4 hour chart is starting to show promise as a head and shoulder reversal pattern. Given the big picture shark pattern, that DV34 has been keeping us up to date with in his … Continue reading

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Japan 225 Head and Shoulder – a set up for today’s Bank of Japan decision

Japanese markets have run hard in expectation that the Bank of Japan is about to signal a far more aggressive approach to monetary policy. Momentum oscillators though, have recently been showing classic divergence. With expectations set high, this situation looks to have … Continue reading

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USD: JPY – Short term Head and Shoulder

Market reaction was minimal when the Bank of Japan left monetary policy unchanged today. Even so, the yen has had a steep descent following news of an election in Japan leading to expectations of more “dovish” members being appointed to the BOJ. We’ve arrived at a situation where, the 4 … Continue reading

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Shorting Technology – Cisco Systems H&S and an Island Reversal

For those of you not keen on becoming head and shoulder aficionados I do apologise but on my travels through the chart landscape today it seems to be all that I’m seeing. Everyone seems to love tech companies at the … Continue reading

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