RTY Neckline Test - FOMC EveRTY set the Higher Low after a break and cross of the 15 min8 EMA and MBB.
Inverse Head and Shoulders
Swing trade atleast 20% returnHi All,
Please refer chart for detailed explanation on technical analysis.
Current price is low as compared to book value also there are high chances of Target 2.
I will be buying at all support zone because I'm very much sure that it will reach around 160 levels in few months.
For long term it can also go up to 200 levels.
You can also check my ITC trade for 25% return. Link is shared below or else you can visit my profile and check all the Ideas which I have shared.
If you think my analysis is helpful than please do like my idea. For future reference do follow me so that you do not miss any of my analyses.
Feel free to leave any questions you have in the comments! I will gladly respond to them.
Hopefully, this helps you out a little bit. Please make your own research before investing.
P.S: This is not an investment advice. This chart is meant for learning purposes only. This is my personal viewpoint so please Invest your capital at your own risk
$SPX Inverse Head and ShouldersS&P500 15m TF
Major Reversal Pattern confirmed with the textbook Inverse Head & Shoulders pattern printed on the 15m TF overnight in the US.
Initially gapping down price almost hit the Fib Retracement 0.236 before the buying started which now has me thinking that inflation worries are now being priced into the market.
Where to from here?
A rally IMO would consist of a short-term consolidation (Sideways Movement) until Fed Meetings have agreed on an outcome regarding rates before a rally towards the Former Daily Support Zone which I now consider a Daily EQ (Equilibrium).
A failure to break this level would likely see a retracement back towards the Fib Retracement 0.236 and a continuation towards Support.
RSI on the Daily TF is indicating oversold and a momentum shift from here would most likely print Bearish weakness on MACD, which in turn may give us confluence of indication of a short/long-term Bullish rally.
Alot is still unknown yet and I implore correct Risk Management and Position sizing in a time of unknown and volatility.
Cardano ADAUSDT - Entered bearish territory + Head and Shoulders- Cardano is not looking good at this moment.
- We have the lowest new weekly candle with low at 0.917, which is the lowest value since 22 February 2021.
- Head and Shoulders pattern just broke down with strong momentum!
- Also the impulse Elliott Wave finished with 5 waves successfuly.
- The price is below the main trendline established in March 2020.
- Next support is 0.39 USD, which is another drop about 63%.
Atom ATOMUSDT - Bullish head and shoulders + ascending channel- ATOM is one of the greatest looking coins at this moment on Binance.
- We can see on the weekly chart an inverse head and shoulders pattern with tripple TOP resistance.
- ALL coins dropped hard, but ATOM's uptrend is still intact as the ascending channel still holds.
- Check my related idea about ATOMBTC chart below! It is very bullish.
IWM [Russel 2000] Inverse Head & Shoulders & BreakoutThe IWM as seen from the chart has been forming a solid and strong Inverse Head & Shoulders.
An Inverse Head & Shoulders is a strong Bullish Chart Technicals Pattern, that can be seen here. 2 Shoulders, and 1 head in the middle, making the low.
I am sharing this idea, as it is a pattern which has been printed on the Russel-2000 this past week, and can't go unnoticed!
The Russel-2000 Index has also been in a YEAR-long consolidation, and is ready to make a move one way or another.
On the weekly time frame of the Russel, the TTM_SQUEEZE Indicator a momentum indicator that can also predict big moves has been flashing red (signaling squeeze) and that a big move is coming one way or another.
AFTER This recent breakout attempt in November from IWM, and a retest of the bottom consolidation levels, the russel seems ready to bounce up with this inverse head and shoulders, or make a break down.
I think this is something to definitely keep on your radar folks!
Good Luck Trading!
I am personally looking at playing this with either :
IWM febuary monthlys OR $URTY a 3x leveraged russel ETF
Demand & supply based analysis only for learing Three way to price react
Based on demand & SUPPLY THEORY
EURNZD Bullish/Bearish wait and see...EURNZD has an inverse head and shoulders pattern formed, waiting for it to break the cluster resistance line before taking a long position. Thoughts?
Possible Inverse Head and Shoulders on the Corn - BitcoinProbably a bit of hopium here, considering the solid rejections at 42500 K on Bitcoin. Bulls have to keep at least on the topside of the bottom of the larger time frame bear flag in play (zoom out ironically). Upside target 43400-ish. Looking doubtful tho. For the record, I have a small long, but am pretty keen on pulling it should price move decently below current levels.
EURUAUD Technical ConfluenceIn this update we review the price action in EURAUD and identify a high probability trade location, the confirmation required to trigger a trade along with price objectives.
$CE / LongScan Criteria
Does this stock meet my custom 12 point scan criteria? Yes, came through on my 40/40 Sales and Earnings Scans
Structural Checklist
1. Can a proven price patterns be identified? Yes, Inverse H&S / CWH
2. Is the 50D SMA trending up? Yes
3. Has price moved >20% since its last consolidation? Yes
4. Is the weekly RS above its Zero Line? Yes
5. Does price action suggest the stock is consolidating / digesting the recent price move? Yes
6. Is the price consolidation longer > 20 days? Yes
7. Has price volatility contracted from left to right? Yes
8. Has volume volatility contracted from left to right? Yes
9. Are there visible signs of demand within the base? Not obvious
10. Are there visible signs supply has been absorbed? Yes
Pivot Buy Point (Last 3 Bars)
1. Is there a visible Tight Zone? Yes
2. Have there been 3 Tight Closes? Yes
3. Has there been a Constructive 3 Bar Correction? No
4. Is there a Bullish Inside Bar? No
AND
1. Has volume dropped dramatically? 2x blue dots in the last 4 bars
2. Can risk be managed under 8% in one of 3 ways? Yes
Scan Score (Minimum 12/12)
All Trading Dirty stocks have a Scan Score of 11
Structural Score (Minimum 7/10) 9.5
Entry Score (Minimum 1/4 then 2/2) 3.5
LUNA 2 head and shoulders#LUNA/USDT
$LUNA is at major support zone that if hold it, price can shape an inverted head and shoulders and head up to $100 and more to complete it.
and if break down from support zone it will drop to $40 to complete the head and shoulders pattern.
EURGBP BUY ANALYSISPotential Short/Sell on EURGBP
Inverse Head & Shoulder has been formed
Together with Falling Wedge Pattern
CRVUSDT is testing the breakout!The market is creating an inverse head and shoulders below the 4h resistance.
right now the price is testing the breakout from the dynamic resistance and 0.382 Fibonacci level.
If the price is going to have a breakout from the 4h resistance and 0.5 Fibonacci level, we can apply our rules to open a new long position with a very nice risk reward
–––––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
TLM/USDT TRADE SETUP! 70% PROFIT EXPECTED FROM HERE!!Hello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this CHR /USDT trade setup. TLM looks bullish here.
Breaking out from the falling wedge like structure and also from an inverse head & shoulder like pattern. Currently, retesting it. So it's a good to buy some here at the retest.
Entry range:- $0.175- $0.185
Target1:- $0.204
Target2:- $0.236
Target3:- $0.258
Target4:- $0.3
SL:- $0.158
If you like this idea then do support it with like and follow.
Also, share your views in the comment section.
Thank You!
#XVG still bullish #VergeFam $XVG #BTC #CryptoMonthly Cup and Handle on the XVG/USD pair still stands.
Monthly Inverse Head and Shoulders forming on the XVG/BTC pair still stands.
Bullishhhhhhhhhhhhhhhhhhhhhhhhhhhh
Not Financial Advice
Good luck Traders and Hodlers
Chart linked had it on the Weekly's. Figure I would make monthly ones to better show you the intensity of these bullish patterns.
$CLXLong $StocksClorox has Covid new variant as a catalyst. Has fallen the past two earnings.
Inverse H&S (Head and shoulders ) on the Daily.
Has not closed back below support.
Entry : Here $174.00
S/L : $170-$172
TP 1 $178
TP 2 $182
TP 3 $185
TP 4 $190
TP 5 Open
Like , follow and comment
Happy Trading Week
Walmart - Inverse Head and ShouldersInverse Head and Shoulders setting up at the neckline. If the bulls win then we should see a huge pop off the 50 moving average.
Cosmos ATOMBTC - Bullish head and shoulders- ATOM is one of the great looking coins on the crypto market right now.
- On the weekly chart we can spot a head and shoulders - reversal bullish pattern.
- Also ATOM vs USDT looks very nice for upcoming uptrend.
Matic head and shoulders inverted Can trade with 2.170 or 2.180 retest lvls or can initiate with conservative style of of buying above 2.253
Target 🎯 2.430
Sl 2.090
Happy trading.....
HEX double H&S?HEX appears to be printing a smaller inv-H&S pattern embedded inside the right shoulder of a larger one. Will be interesting to see how it plays out.
GDX: Inverted hand and shouldersGold usually performs the last month of the year, entering a strong seasonal phase. Gold miners tends to anticipate gold's move.
GDX is a Gold miners ETF .
The price is currently reaching a resistance level. Should we be bearish?
Not necessarily.
If you look at the chart you can see an inverse head and shoulders , also called a "head and shoulders bottom".
This pattern is similar to the standard head and shoulders pattern, but inverted.
Investors typically enter into a long position when the price rises above the resistance of the neckline , which is currently between 33 and 33.64.
As for the target, you measure the distance between the bottom of the head and the neckline of the pattern and use that same distance to project how far price may move in the direction of the breakout (see green arrow). The target I have is about 37.74.
The pattern is only confirmed when the neckline is broken. If so, don't expect the price to reach its 37 target immediately. I have placed all the resistance lines on the chart.
Trade safe!
