Tag Archives: Head and Shoulders

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 – is there more upside?

Today BHP hit the profit objective for the head and shoulders buy strategy I posted on 6 May. When this happens, traders often ask  – should I be taking profits here or trying to run this trend further? This post covers some … 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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Australia 200 – Weekly Outlook

As I write this blog, the index is testing trend line support, with a bearish double top formation potentially in play. Economic statistics may be the driving force this week as investors hunker down to the task of assessing the extent of the damage (if … 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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AUD/CAD – Shoulder, Head, Shoulder?

Since the second week of October, the AUD is up 5 big figures (more than 5%) against the CAD. Given both currencies are considered commodity currencies, and have many similar macro drivers, this is a significant move. An evolving approach … 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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