In such a case, H&S can be either a continuation pattern or compound fulcrum.
This is how to differentiate:
• if right shoulder is smaller than left, most likely a continuation H&S
• if right is same or higher than left, and the price is not coming to neckline, most likely CF
sir a doubt does head & shoulders work in down trend ? pic.twitter.com/dytYmbzOfp
— Vega_Greek (@VegaGreek) May 13, 2021
More from Piyush Chaudhry
More from Stockslearnings
Dear @chartmojo
Out of curiosity, just gone through your timeline and prepared a data of your shared tweets in OCT'2020;
You will not believe the following numbers:
Charts shared = 29 (2 excluded due to splits)
Period = 8-oct to 30-oct'20
..
2/n
If min.10k invested on your each design, then
Amount invested in Oct'20 = 2.91 lacs
Present investment value = 4.72 lacs
Maximum drawdown = 9%
ROI = 62% in 200 days
Annualized ROI = 147%
**You ROCK brother**
...
I've prepared a sheet for all your Oct'20 tweets; It was so much learning on the charts as well as on the data-part; Please keep on the good work.
Sheet link:
https://t.co/8BJtMsOkBD
With regards,
Deepak
10% more gains to 127.75 !! 🍻🔥🚀
Expecting it to consolidate now in coming days before a final move to 145-150 levels. #Copper RSI is overheated and needs to cool down.
Negative divergence building up on hourly charts. https://t.co/sBU4O6QZsq
#HindCopper
— Anchit Goel (@anchitsays) February 23, 2021
20% Upper Circuit at 118.05 now!! \U0001f389\U0001fa85\U0001f525\U0001f680\U0001f973\U0001f37b\U0001f60d
Conviction and patience has given excellent results. https://t.co/T5y2CBY9Lt pic.twitter.com/xvDeR91PkL
Today's move is an example of this tweet. Save this chart for future ref. https://t.co/amUhSLrET3
#FreeTip
— HMK alias MANOJ (@scorpiomanojFRM) June 23, 2021
A general rule to assess if a market is ranging is to look at developing TC and / or developing BC. If either of them is flat, it means market is currently ranging. If you are trading in 5 min, go to a lower tf chart, say, 2 min to have a less lagging assessment.
A thread 🧵to guide retail on why & what should they do at these historic market highs.
Do ‘re-tweet’ and help us educate more retail investors (1/n)
#investing #StockMarket
Some investors feel that markets are trading at a PE of 27 vs 10 years historical average of 20 and a market-cap to GDP of 105 vs historical average of 79 and hence markets look expensive (2/n)
But, in such crazy liquidity driven markets, prices can move much ahead of the fundamentals & suddenly we start hearing commentaries of how the market is pricing in the earnings of FY 22 & 23 to justify the rally
If you r new to fundamentals, 👇 can help
Market PE at 40 and yet the market is not falling, why? Getting asked this question multiple times. Here's a thread covering \u2018very basic\u2019 premier on valuation for my retail investor friends.
— Kirtan A Shah (@KirtanShahCFP) January 14, 2021
Do hit the \u2018re-tweet\u2019 and help us educate more investors (1/n) pic.twitter.com/8oCkBmmOXY
Results for Q4 have come out very well but that is also because of the lower base effect of the last year.
Over the last many years, markets have corrected 10-15% each calendar year. Can it happen this year as well? Can very much and that can be a great entry point. Why? (4/n)
There are a lot of over hangs in the near term,
-Crude going up
-$ index moving up
-Inflation moving up
-COVID uncertainties
All of the above are –ve for markets & liquidity on the other side driving markets up, its impossible to judge the near term movement of the markets (5/n)