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After the recent [semi-successful] H&S we have an inverted
H&S already formatted.
We have had a neckline bulish breakout on Dec15, but it was
the peculiar day of the geopolitical tricks.
The invH&S target line is now at 11,456.7 and looses 16.7
per bar.
In 12 bars it will point 11,290.
Should we expect a Nikkei new high soon ???
Dimitris Tsokakis
PS. For recent and older H&S formations use
the
// Historical H&S formations
x = Cum(1);per = 3;// sensitivity calibration
<FONT
size=2>Plot(Zig(H,per),"",colorBlue,1);back=100;inter=200;s11=H;s12=L;R=0;RR=0;/*
H & S */pR = PeakBars( s11, per, 1 ) == 0;endt1=
SelectedValue(ValueWhen( pR, x, R+1 ));medt1=SelectedValue(ValueWhen( pR, x,
R+2));startt1=SelectedValue(ValueWhen( pR, x, R+3
));dt1=endt1-startt1;C1=x==endt1 OR x==medt1 OR x==startt1;endR =
SelectedValue(ValueWhen( pR, s11, R+1 ) );medR=SelectedValue(ValueWhen( pR,
s11, R+2 ) );startR = SelectedValue( ValueWhen( pR, s11, R+3
));Filter1=medR>endR AND medR>startR AND
abs(startR-endR)<0.02*(startR+endR) ANDdt1<inter AND
endt1>SelectedValue(x)-back;MaxGraph=12;Graph1=C;Graph1Style=64;GraphXSpace=1;/*H&S
Neck Line*/Aper=medt1-startt1;bper=endt1-medt1;La=
SelectedValue(ValueWhen(x==medt1,LLV(L,Aper)));Lb=SelectedValue(ValueWhen(x==-1+endt1,LLV(L,bper)));Fa=L==La
AND x>startt1 AND x<medt1;Fb=L==Lb AND x>medt1 AND
x<endt1;endt= SelectedValue(ValueWhen( Fb, x
));startt=SelectedValue(ValueWhen( Fa, x ));dtS =endt-startt;endS =
Lb;startS = La;aS = (endS-startS)/dtS;bS = endS;trendlineS = aS * (
x -endt ) + bS; Graph3 = IIf(Filter1 AND x>startt-5 AND
x<endt+back,trendlineS,-1e10);Graph3BarColor=7;/*Inverted H &
S*/tpR = TroughBars( s12, per, 1 ) ==
0;tendt1=SelectedValue(ValueWhen(tpr,x,RR+1));tmedt1=SelectedValue(ValueWhen(tpr,x,RR+2));tstartt1=SelectedValue(ValueWhen(tpr,x,RR+3));tdt1=tendt1-tstartt1;C2=x==tendt1
OR x==tmedt1 OR x==tstartt1;tendR = SelectedValue(ValueWhen( tpR, s12, RR+1
) );tmedR=SelectedValue(ValueWhen( tpR, s12, RR+2 ) );tstartR =
SelectedValue( ValueWhen( tpR, s12, RR+3 ));Filter2=tmedR<tendR AND
tmedR<tstartR ANDabs(tstartR-tendR)<0.02*(tstartR+tendR) AND
tdt1<inter ANDtendt1>SelectedValue(x)-back;/*Inverted H&S Neck
Line*/tAper=tmedt1-tstartt1;tbper=tendt1-tmedt1;Ha=
SelectedValue(ValueWhen(x==tmedt1,HHV(H,tAper)));Hb=SelectedValue(ValueWhen(x==-1+tendt1,HHV(H,tbper)));tFa=H==Ha
AND x>tstartt1 AND x<tmedt1;tFb=H==Hb AND x>tmedt1 AND
x<tendt1;Rendt= SelectedValue(ValueWhen(tFb, x
));Rstartt=SelectedValue(ValueWhen( tFa, x ));Rdt =Rendt-Rstartt;endR =
Hb;startR = Ha;aR = (endR-startR)/Rdt;bR = endR;trendlineR = aR * (
x -Rendt ) + bR; Graph4 = IIf(Filter2 AND x>Rstartt-5 AND
x<Rendt+back,trendlineR,-1e10);Graph4BarColor=10;upcr=filter2 AND
Cross(C,trendlineR) AND x>tendt1;dncr=filter1 AND Cross(trendlineS,C) AND
x>endt1;/*H&S
target*/diff1=ValueWhen(x==medt1,C-trendlineS);target1=trendlineS-diff1;target1cross=Cross(target1,C)
AND Filter1;Graph5=IIf(filter1 AND x>endt1 AND
x<endt1+back,target1,-1e10);Graph5Style=8;Graph5BarColor=7;/*Inverted
H&S
target*/diff2=ValueWhen(x==tmedt1,trendlineR-C);target2=trendlineR+diff2;target2cross=Cross(C,target2)
AND Filter2;Graph6=IIf(Filter2 AND x>tendt1 AND
x<tendt1+back,target2,-1e10);Graph6Style=8;Graph6BarColor=10;Graph1BarColor=IIf(C1
AND Filter1,7,IIf(C2 AND Filter2,10,IIf(upcr OR target2cross,5,IIf(dncr OR
target1cross,4,1))));GraphXSpace=5;
Move the cursor to previous bars to see the historical
H&S, breakouts, necklines and targets, successful or
not.
Send BUG REPORTS to bugs@xxxxxxxxxxxxx
Send SUGGESTIONS to suggest@xxxxxxxxxxxxx
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