Head 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.
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Weekend Educational Idea: Indian Overseas Bank // FIBONACCI AND 8 EMA Band Combo
I have been tracking this stock for quite some time now and today finally it has given me a Techno-Funda Buy Signal on my Algos. This makes me post this Educational Idea.
I don't recommend to buy penny stocks just because of their ticket size, but looking at the charts indicators...
What makes the chart interesting today is that:
. BTCUSD challenging the Wedge's UpTrend.
. A break bellow Wedge's UpTrend could push the pair to its $10,400 ~ $10,500 previous support areas.
. A rejection at the Wedge's UpTrend, however, could lead to another retest of the Wedge's top.
Will the BTC see an downside breakout against the USD?
No one knows it! We...
FLAG = Impulse + Correction - "Learn More Earn More" with us
What makes the chart interesting today is that:
. GBPAUD challenging the 1.8415 ~ 1.8450 resistance zone.
. Min 450 pips room to run. A break above 1.8450 could push the pair to its 1.8900 previous areas of interest.
. A rejection at the Flag range resistance, however, could lead to another retest of...
