Targets updated on charts
Disclaimer: I am a novice in the markets, so please don't construe your trade basis this chart. I post it to see if my views holds true.
FX_IDC:USDBRO formed an inverse H&S Pattern, which is a bullish pattern, and the expected target is $94.3/bbl.
Disclaimer: I am a novice in the markets, so please don't construe your trade basis this chart. I post it to see if my views holds true.
The NZD/USD pair has formed a inverse head and shoulder pattern in the 15-min chart.
It has crossed the neckline and consolidating above it.
Hence we expect the pair to move towards the next resistance level placed at 0.64723.
Bullish Charts with Inverse H&S formation
Disclaimer: I am a novice in the markets, so please don't construe your trade basis this chart. I post it to see if my views holds true.
Inverse H&S, Buy: 677, Target:783, SL: 640
Disclaimer: I am a novice in the markets, so please don't construe your trade basis this chart. I post it to see if my views holds true.
Indicators are showing reversal. Daily Bandbollinger narrow range,PASR turns positive,CCI crossover,weeklly PSAR turns positive and others. That will lead to achieve the target on coming days. Pattern wise, Parallel line breakout, Inv.Head and shoulder and Double bottom are going on. Refer chart for Target and stoploss details.
Vijayaraghavan.K,
Kovilpatti.
An Inverse H&S pattern is under formation. The right shoulder is yet to complete however as per he weekly charts where the prices are moving within a downward channel is expected to touch 755. Once the neckline is broken i.e closing above 775 (this will also act as a channel breakout) it can reach a target of 900 levels.
Conditional Buy: closing above 775 only....
As on 18/09/18, HLL has made INVERSE HEAD & SHOULDER CHART PATTERN in 4 hourly and 3 hourly time frames.
Resistance Level: 1669.70
Support Level : 1657.64
Buy HLL for targets 1682.50/1702.20/1731.40 with stoploss 1644.75
Inv.Head and shoulder formation is going on. If it finished and go above 237 (closing basis) it may reach the target levels. Daily MACD crossover may happen on upcoming days. It will helps to pattern formation and go above 237.
POINTS: 239,241,246.6,248.5,250,259,263,268-273
Vijayaraghavan,
Kovilpatti.
Inverse Head and shoulder pattern formed and daily MACD line crossover may happen on upcoming days. Target mentioned on chart.
Vijayaragavan
Kovilpatti.
