The Technical View: Targets – Head and Shoulders Compared to 2008 Pattern

This excerpt is for educational purposes only and is not to be interpreted as trading or investment advice.  See Terms Of Use here.

This week’s video looks at the huge Head and Shoulders pattern on world markets – most notably the S&P 500, the FTSE 100 and the All Ordinaries.

We’ll look at how targets are typically made using these classical chart patterns, and where markets could head if they break down through the “neck lines”.

Obviously (as we saw in 2011-2012) these things are not foolproof, so take it all with a grain of salt.  But it is another way to look at the markets currently, from this classical technical analysis point of view.

Check out the video and pictures below for more!

All Ordinaries

04_All Ordinaries Head and Shoulders_Target

S&P 500

04_SP 500_Head and Shoulders Target

Shanghai Composite

04_Shanghai Composite_Continuation Pattern

I hope you have enjoyed this post.  Please leave a comment below!

More videos from the Technical View:

  1. The Technical View – Short Term Up Trends Confirmed, Where is Future Resistance?
  2. The Technical View – The Lines in the Sand on World Indices that Determine Market Moves
  3. The Technical View – “Short Squeeze”: How to Know When It’s A New Bull Move
  4. The Technical View – Current Markets Resemble 2008, But Where Are We In The Cycle?
  5. The Technical View – Current Support and Resistance Levels on World Markets

Happy Trending!

– Dave McLachlan

January 10, 2016  Tags: , , , , , , , ,   Posted in: The Technical View

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