DislikedThe right shoulder is higher than the head as the NL is on an ascending angle.Ignored
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DislikedThe right shoulder is higher than the head as the NL is on an ascending angle.Ignored
DislikedPrepare yourself for the southward journey the market is going down all the way down..
Perfect head & shoulders in weekly chart,,,,,,yeah i spelled correctly its weekly chart...that would mean a easy 3000 to 4000 pips drop..
You are right this time people...think objectively..we are not special or unique...its all objectivity at play...the market has nothing against us ...the pips will come down to us eventually...
Now the question is not when you will get the PIPS but how will you spend it...im thinking of thailand and then a round trip to spain and brazill, finally halting at russia...where chicks are more cooler
Good Luck to you all..i wil repost in other gj thread just to control my euphoriaIgnored
DislikedHow can it be a perfect head and shoulders when the right should has not even fully formed? The perfect H&S will also need to break the NL and I have my doubts it will.Ignored
DislikedHow can it be a perfect head and shoulders when the right should has not even fully formed? The perfect H&S will also need to break the NL and I have my doubts it will.Ignored
Dislikedfinally, we have a master to point such frequent mistakes, i've been always doubted the way of such referring to H&S. Now I'm sure it's wrong, hehe.Ignored
DislikedThe weekly chart shows a nice h&s formation. What am I missing here?
Perhaps you could point out what is deficient with the NL.Ignored
DislikedPrepare yourself for the southward journey the market is going down all the way down..
Perfect head & shoulders in weekly chart,,,,,,yeah i spelled correctly its weekly chart...that would mean a easy 3000 to 4000 pips drop..
You are right this time people...think objectively..we are not special or unique...its all objectivity at play...the market has nothing against us ...the pips will come down to us eventually...
Now the question is not when you will get the PIPS but how will you spend it...im thinking of thailand and then a round trip to spain and brazill, finally halting at russia...where chicks are more cooler
Good Luck to you all..i wil repost in other gj thread just to control my euphoriaIgnored
DislikedThe Neckline on Head and Shoulders isn't drawn across the top of the shoulders. It is drawn at the bottom of the end of the first shoulder and the bottom of the beginning of the second shoulder.
M2BIgnored
DislikedThe Neckline on Head and Shoulders isn't drawn across the top of the shoulders. It is drawn at the bottom of the end of the first shoulder and the bottom of the beginning of the second shoulder. Until the far side of the right shoulder comes down and closes beneath the neckline, which right now is around 218.50 and descending, then you can't technically call it a true H & S. The reason Zoran is saying that it's not gonna' happen is because this is a Weekly Chart, and by the time the H & S completed price would be way below 200 (probably), and the date would probably be March or April of 2008 before a legitimate move was official anyway.
M2BIgnored
DislikedAs posted in the other thread.......
"I suggest that you put your bong away and take a second look at your charts......whilst the potential for a H & S is there, so far price is still above its 4hr 200ema, which is still rising. IMO you need a much larger fall before your suggestion becomes reality"
IF this weeks candle can close under 234.74 thus being a bearish engulfing candle in realation to the week before last then we will be starting to show some decent signs of a move down.Ignored
DislikedSelling into the rt shoulder is usually a good risk : reward ratio while anticipating a NL break. ALways be ready to take profits should the price bounce off of the NLIgnored
DislikedThe weekly chart shows a nice h&s formation. What am I missing here?
Perhaps you could point out what is deficient with the NL.Ignored
DislikedThe right shoulder is not complete so there is potential there but it is not a perfect H&S like someone suggested. What happens if price continues up? In that case it never will be a H&S. Price needs to return to the NL before you can consider it one and then reach target to be perfect (in my opinion). We are no-where near that.
Also, I am thinking price will bounce off 221 and then continue up to 247 so the NL will not be broken (but I could be wrong).Ignored
DislikedThe right shoulder is not complete so there is potential there but it is not a perfect H&S like someone suggested. What happens if price continues up? In that case it never will be a H&S. Price needs to return to the NL before you can consider it one and then reach target to be perfect (in my opinion). We are no-where near that. What I normally do is put a "S?" on the right shoulder and then remove the ? when it forms.
Also, I am thinking price will bounce off 221 and then continue up to 247 so the NL will not be broken (but I could be wrong).Ignored
DislikedThe weekly chart shows a nice h&s formation. What am I missing here?
Perhaps you could point out what is deficient with the NL.Ignored