News 
Market Data 
Discover
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Inverted H&S plus Divergence
Patterns and Signals make you money.
Price to indicator divergence signal marking the bottom ...
A very nice A-B-C Inverted-H&S price Action pattern with a Money-on-the-Floor pattern at C.
Perfect Slingshots at the A+B lows and an MT SLING at C.
ATT price action pattern with some positive indicators
My T/A skills continue to be 100%...
Seems that calling tops isn't my forte ... At this point I'd say the H&S calls have failed...
Never mind - maybe a double top thru lunch time will work out.
Another potential H&S
H&S
Inverted H+S with indicator divergence
.jpg)
Getting there...
Got there plus...
Looks like it failed...
Possible Inverted H&S with an initial Target to yesterday's session close.
Possible H+S
H&S potential to test last week's breakout
Meanwhile on an even shorter term basis a 2B...
Inv. H&S in Crude Oil ETF - weekly chart
From StockCharts.com newsletter...ChartWatchers - Tom Bowley
From StockCharts.com newsletter...Greg Schnell - Natural Gas
Major market proxies - the e-mini futures for the S&P 500, the DJIA and the Nasdaq 100...
Long lower shadow Reversals at the Brach Zone retrace areas on all three dailies
confirmed with inverted H&S (ES and YM) and a double bottom (NQ) on the one week hourlies...
I like it when an InVer-H&S comes together...
The 2B Dragon bottom helped out...entry at the trend line break out.
Pattern possibility...
Reversal . . . . . . .
Hammers as signals
The Inv H&S failed... I'll stick with divergences and shorter term reversals
Using Friday's session pattern to project Monday's continuation...
Divergent lows turned both the ES and YM around on Friday. My projection is for
more upward movement based on those signals and the inverted H&S pattern that formed afterwards.
There was one continuation slingshot at the right shoulder and there's the potential for a second one as they closed...
Also - tonight starts the 1st Monday of the month (FLO) for the FUTs...historically a good day to go long if you are so inclined...more on this strategy is documented on this page on my blog.
Inverted H+S scalp attempt:
Expecting a bullish next couple of days heading into Friday's OEX
Sunday evening as Monday's session began...
Missed the entry...by a tick...twice
Harami so far...or close enough
The INV H+S resolved perfectly...
YM H & S possibility has not failed completely as of yet but...it has been a long time deciding to drop.
Breaking the resistance at The right shoulder would negate the pattern (IMO) but that hasn't happened.
Using a 300 tick chart to compare the pattern to the 3 minute chart posted this afternoon...
It seems the tick data has drawn a lower right neckline than the 3 minute - that's not supposed to happen...
Lows and highs should be the same between tick and time based charts.
I'll have to assume that there was an update to the data feed after I took the 3 minute picture...
YM H & S possibility . . .
Not quite as perfect on the ES
New sessions, new patterns, new possibilities . . . may be getting a bit long in the tooth
says the MACD signal but you never can tell for sure (the continuing saga of off the wall ideas).
RUT - off the wall idea ... NOT!
Might take note of the histo divergence at the low before lunchtime...great signal to enter a long position...
Other signals :
The trend line break around 12:30
The trend line break Re-Test and MOF around 2:00 PM
Then the flag-on-a-pole before the major markets closed...
The terminology used is explained here...
To da MOON, Alice ... to the moon
Not an inverse H&S...but perhaps a regular one on the weekly.
They report tomorrow morning pre-market opening I think...
... ... ... STICKY POST ... ... ...
Just pointing out how many traders perceive the FUTUREs markets
with suspicion, as being too risky...
Risk/reward shows you that the e-minis are no riskier than other markets
although they can be more volatile...
See the timeline starting with post 60 through post 63...
Why you watch e-mini trades like a hawk!!!!
Coulda-shoulda-woulda - overnight reached a high of 1184.50
Quite a bit higher than last night 1180.70
......................session high so far 1184.50
The total possible gain on one contract since my original posting ... 1184.50 - 1178.10 = 6.4
The minimum tick for the e-mini Russell is .1 or $10 so the maximum gain available was:
6.4 x $10 or $640 (less $6 to $7 commission round turn)
Tight stops can be used in this market - say, .4 or .6 ticks.
Risk $46 to $66 for the potential return of $634 ... just saying.
Coulda-shoulda-woulda
Had the inverted H&S been played before the session closed, a cool $280 was available...per contract!
No telling if it'll continue up over night...no matter - there's always another trade.
The RUT emini market is still open...
Not that I'll take it, I don't often trade outside of the major markets...
But there is room to move up...
H&S scalp in RUT 2000 FUTs
Day Trading the e-mini Futures
HFC, UNG and DBC displaying 2B Dragon potential ... double bottoms in various stages of development.
(this was meant to be posted on my Double Bottoms iHub board)
Updating charts
July-Qct bottoms...Broke above the Hump recently (closed @47.98 11/29/13)
Aug-Nov bottoms...Under the Hump, hasn't yet built a Head (closed @ 15.15 11/29/13
July-Nov bottoms...Just off the front feet (closed @25.51 11/29/13)
Multi Year Buy signals
RUT pattern from Friday's session suggests bullish possibilities
FUTs Flags Flying, may finally be breaking.
12 hours per bar:
The Bat-Wing defined (or how I define it)
I don't remember who coined the term first, may have been Bman on ClearStation.
Basically its a double bottom pattern that forms in an unconventional place.
It is a continuation pattern that occurs in up trends where as a 'normal' double bottom
is a reversal pattern that marks the end of a down trend...
4 hours per bar:
FUTs are showing Bat Wing double bottom patterns as well as inverted H&S patterns over the past 2 weeks or so...
The NQ (not shown) also has very similar patterns...
Here's a look at the Flag-on-a-Pole patterns that are showing on each FUTs chart - about 2 months of price action.
The up sloping lines are regression channels which began last November.
Intra-day H&S pattern- TICK vs. Minute charts
BZ still possible but less likely on this drive.
Price reacted to the + divergence in the histogram by moving up
from 15350 (a 2B dragon reversal).
And a new HH and HL has been established since then, so the short term trend is up...
Looking further out, if 15385 holds as resistance then the potential exists for continuation
of the longer term trend down, a measured move to ~15310.
YM EOD H+S pattern...
Spotted the H+S and the reverse indicator divergence as the day was winding down...
does it make it to the target area and into the Brach Zone?
It is trending down nicely, making LH's and LL's...
but it also is developing histogram divergence on the lows so it may
have a bit of a run-up before it gets there.
ARUN - H&S on weekly and channeling up
EGHT DUALS
Not looking good for today - H&S neckline may be a support test.
Intra-day I-H&S on the NQ e-mini futures...
See if it works out
All day so far 360 tick chart
Tech is lagging...the conventional wisdom says you can't have a bull market without the techs leading.
Seems a bunch of inverse H&S patterns are working.
Some made it, some have more to go...
Interesting possibilities...
ERX setting up...
USO also showing an interesting set of patterns: 2B Dragon and BZ retracements
Utilize divergence - the chart highlites indicator divergence
and an inverted head and shoulders pattern can be seen (especially at LL 5)
at both short term bottoms...
Sharpshorts Day Trading
MRK bearish H&S within a H&S
sharpshorts Day Trading blog showing some intra day H&S patterns...amongst other charts
|
Followers
|
4
|
Posters
|
|
|
Posts (Today)
|
0
|
Posts (Total)
|
91
|
|
Created
|
01/31/12
|
Type
|
Free
|
| Moderator sharpshorts | |||
| Assistants | |||
Posting comments, opinions, questions and charts are welcomed... including both a static chart and an updating chart
is prefered as viewers can see how your ID'ed pattern does over time...but this is not a requirement.
Also visit my other boards here on iHub...
|
|
