Potential Inverse Head and Shoulders Could Take Us Near $100If we can Begin to bounce from here that will be a confirmed right shoulder that if market conditions become Bullish could take us between the levels of $97 and $100 if it wins we get over 10% if it fails then we simply lose 3 percent which is fine risk to reward.
Inverse Head and Shoulders
GC1! Gold to retest 24 Feb swing high?By the looks of it, we are working on a right shoulder of the inverse head-and-shoulders pattern.
Projected move will take gold's price up to the high we achieved 24 Feb when Ukraine was invaded.
This is a bullish development in the price of gold as simultaniously the DXY is also moving higher.
#gold
NEARUSDT is creating an inverse head and shouldersThe price bounced on the monthly support on 8$ after a false breakout from the weekly dynamic support.
On the daily timeframe, the price had a breakout from the dynamic resistance and from the weekly resistance, and now the price is testing the 0.618 Fibonacci level as resistance
On 5h timeframe, the price is creating an inverse head and shoulders above the weekly resistance
How to approach?
If the price is going to have a breakout from its neckline and retest as new support, we can apply our rules for a new long position.
Be aware of the weekly structure on 13$
According to Plancton's strategy , we can set a nice order
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Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
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Follow the Shrimp 🦐
Inverse Head & Shoulder Pattern formationIf price comes down to the grey box area look for buy entries set stop loss below head or wait for a break of the neckline for bullish confirmation . Trade cautiouy
ALGO is looking bullishALGO is making an inverse H&S pattern in a 4-hour time frame. In order to achieve our target, it needs to break above this trendline which is now a strong resistance.
ETH is extended short termEthereum is ripe for a pullback on the 2hr timeframe per completion of a bullish inverse head and shoulders pattern. I would be a strong buyer at 2380 if RSI/ MFI support holds but generally I don't believe the ultimate bottom is in until new lows are not made for over a month or so.
ADA the bulls are back! Hello everyone,
Our inverse H&S patter was right and now the price went up to resistance level.
Soon we are going to have another high before the price goes back on the neckline.
Make sure you take your profit !
Have a nice trading week.
LINK/USDT - bullish reversal pattern close to breakoutLINK/USDT is currently right at the tip of a falling wedge after having quickly pinged the macro 0.786 fib level which makes me very optimistic about this being the bottom and seeing a successful reversal. In addition to that we can also see significant bullish divergence on the daily which ranges back to December and further increases the odds of a textbook breakout which LINK tends to have especially with falling wedges (examples can be seen in my earlier charts linked below in the related ideas section).
On shorter time frames LINK is currently forming an inverse H&S which combined with the falling wedge makes for a great reversal pattern which produces consistent results and is close to completion.
LINK/USDT 1hr:
Since LINK is a long-term hold for me I usually don't use stop losses and mainly look for prices to accumulate more but for a swing trade I'd consider one slightly below the last 0.786 ping since losing that level would render it a descending triangle breakout and likely lead to a longer bear trend.
Please note that the price projection is just that and should only guide as a visual aid for the direction I expect it to go.
With staking said to release this year this looks like a great opportunity to stock up on some LINK at a discount before the action starts.
Best of luck with your trades and let me know what you think!
US Stock In Play: $EXPR$EXPR microcap name in Apparel Retail industry group. strong weekly action (+45%) since basing out of dec'21 consolidation.
a bullish flag pennant trading on rising 10/20 MA & AVWAP high from Q2 ER.
currently, just below its 200MA, coinciding as a pivot for inverse h&s breakout
SNAP SWING TRADEBeautiful inverse head and shoulders pattern on ticker symbol SNAP. Possible 50% gainer here. Not investment advice.
Inverse H&S patter for ADA! Hello everyone,
ADA is showing good strength and a bullish pattern is finally appearing.
Is 0.8 going to be our next entry?
Have a nice treading day!
BTC, iHSP Target 45kMy strategy always boils down to 2 entries for 1 stop loss which is in my opinion the most important.
Long:
1- Entry 0,618 Fib Retracement
2 - cloud support
STOP LOSS: 0.8% BELOW 0.786 FIB Retracement
Target:
1 - 0,5 Fib Retracement
2- 0,236 Fib Extension (from 0.5 fib Retracement, increase stop to 0.618 fib Retracement and go up with each achievement of resistance)
Short:
1- Entry 0,382 Fib Retracement
2- 0,236 Fib Retracement
STOP LOSS 0.8% ABOVE 0,236 Fib Extension
$DIS Inverse Head & Shoulders plus Bounce Off Key Support - LONGThe whole market is tanking which could invalidate this Inverse H&S on NYSE:DIS , but so far the right shoulder has formed to the bottom and now the expected move would be a reversal to hopefully clear the neckline. That said, even just from here to the neckline represents a ~9% move and gain.
Inverted Head and Shoulders on BSVUSDLooking for one last push to the upside before continuation downwards.
KCSUSDT is going to create an inverse head and shouldersThe price had a breakout from the daily dynamic resistance and now the market is trying to have a breakout from the weekly resistance.
On the daily timeframe, we can see an inverse head and shoulders and the price creates its neckline on the weekly
How to approach?
We are monitoring the price action, we made more than 11% since the previous idea.
Now I'd like to see a breakout from the neck line with volume, According to Plancton's strategy , we can set a nice order
–––––
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
–––––
Follow the Shrimp 🦐
$BKROn the bigger picture I want to say this is an inverse head and shoulders. Pay attention for this to break further to the upside. With oil prices rising $BKR supplies rig companies with the equipment to operate.
CHART LEGEND:
white dashed lines = bull/bear takeovers
blue lines = call targets
yellow lines = put targets
red line = danger zone
orange lines = trend lines
green lines = safe zone
any other lines add will be discussed with the ticker
NASDAQ:BKR
$CAHRejected at the gap already. If we don't break into the grey area look for this stock to continue to pullback to the lower levels.
CHART LEGEND:
white dashed lines = bull/bear takeovers
blue lines = call targets
yellow lines = put targets
red line = danger zone
orange lines = trend lines
green lines = safe zone
any other lines add will be discussed with the ticker
NYSE:CAH
Inverse Head and ShouldersLong Term Trend:
Bitcoin is still bullish in the bigger picture. This is due to the higher lows of 28796 and the recent low of 32837.
Short Term:
Bitcoin is currently forming the 2nd shoulder of the inverse H&S pattern. The reverse usually occurs at 1/2 or 2/3 retrace of the neckline. Lower volume also favors the 2nd shoulder to hold. To successfully complete the pattern we will need to see an increase in volume over the next few days and a rise in price. Profit targets are meassuered from the head to the neckline. I will set my SL below todays candle.
I am currently looking for new job opportunities in the trading/crypto space. You can find my LinkedIn on my TradingView Profile.
Inverse H&S In Hourly TFFormed A base and now at BO level.
Made inverse H&S pattern.
Rsi crossing 60 in hourly and crossed 40 in daily.
Also CNXIT looks bullish.
Can be A good buy if broke today's high or resistance level.
If Gap up wait for retest to enter.
Target can be next resistance or hight of the head or round no. 600.
BTC UpdateBTC still in Inverse Head & Shoulders pattern with daily close about to happpen, needs to close above $40,000, then we will see a pump in my opinion, a close below, I have a bearish target of $28,000 and will enter and short position.
Inverse H/S on BTC with weakening sell pressure? Bottom close?We've tagged our 39.6k level nicely for a potential inverse h/s. RSI is seeing a cross on the 4h and we have a td9 on the 4h, so chances of movement up here in the short term is quite good.
Also this sell spike has really solidified the bullish divergence we've been seeing on the sell pressure side: as the price increases the sell pressure has decreased, while buy pressure started picking up. Very interesting as this usually points to sell pressure weakening.
This is why our short term sentiment is now neutral rather than bearish.
If we get a bounce here we want to watch 42k as the next point of interest. it's our volume point of control since the start of the year, has a lot of historical movement and as we all know 42 is the answer to the ultimate question.
Failure to hold this level - we move to 38k as our next point of interest. But as stated above - we're getting to heavy reversal territory on BTC.
