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Complexinverseheadandshoulder

ETH IHS ComplexComplex Head-and-Shoulders Bottom: Identification Guidelines Price trend Downward leading to the pattern Symmetry The shoulders should bottom near the same price, be nearly the same distance from the head, and look similar to their mirror opposite Volume trend Usually higher on the left side of the pattern. Trends downward 65% of the time. The link to the left gives an example and this link discusses performance. Neckline Joins the highest armpits. Confirmation The pattern confirms as a valid one when price closes above a down-sloping trendline or above the right armpit when the neckline slopes upward. thepatternsite.com
COINBASE:ETHUSDLong
by j5150
2
Complex Inverted Head & Shoulders with Hidden Bullish DivergenceI'm pretty sure many of you know about the plans many people have for silver at the moment but here i am to provide a chart that could explain in a technical way why silver may rise up. We have hidden Bullish divergence on the daily time frame on both the RSI and MACD and we look to have formed some sort of complex inverted head and shoulders pattern a breakout above the resistance that i shaded in grey could take us to atleast 36 dollars. This may also relate to my previous chart from weeks ago where i stated that i was bullish on gold, I will leave my gold chart under the related links section.
TVC:SILVERLong
by RizeSenpai
Complex Inverse Head & Shoulders on the IWM. Could move higher.IWM is currently with a complex inverse head and shoulders pattern, and we are now sitting just below the neckline. It is trading above the 50/100/200 day moving averages, and it looks like a golden cross (50 MA crossing the 200 MA) may occur soon as well. Setup looks good, but it needs to break above the flat line of resistance around $158.60 to get moving. I would either like to see a strong break-out into a strong rally higher, or to see a break-out above the neckline into a pull-back to retest the neckline as new support, ideally confirming the S/R flip before further consolidating and then moving higher. I am watching $164.20, $170.00, and $173.50 as possible resistance area's based on previous price action. Moving average guide (All daily for this post): 50 day moving average in Green. 100 day moving average in Yellow. 200 day moving average in Red. -This is not financial advice. Always do your own research and own due-diligence before investing and trading, as for investing and trading comes with high amounts of risk. I am not liable for any incurred losses or financial distress.
AMEX:IWMLong
by Deftsuo
Complex Inverse Head & Shoulders on the XLF. Could rally higher.The XLF is currently forming what appears to be a complex inverse head and shoulders pattern. As it sits right now, price is holding between the 50 and 200 day moving averages (50 day acting as support, 200 day acting as resistance) and we could be setting up for a golden cross (50 MA crossing the 200 MA) into an eventual retest of the neckline of this complex inverse head and shoulders pattern which is around $27.10. The neckline of the inverse head and shoulders pattern can be drawn a few ways. I have the neckline around $27.10, but I can see arguments for $27.50. Regardless, I either want to see a break-out above the neckline with volume, or a break-out into a retest of the neckline as new support before consolidating and eventually moving higher. Moving average guide (All daily for this post): 50 day moving average in Green. 100 day moving average in Yellow. 200 day moving average in Red. -This is not financial advice. Always do your own research and own due-diligence before investing and trading, as for investing and trading comes with high amounts of risk. I am not liable for any incurred losses or financial distress.
AMEX:XLFLong
by Deftsuo
Complex Inverse Head & Shoulders on AT&T. Could look to rally.AT&T (T) is testing the neckline of this complex inverse h&s pattern, which also coincides with the 200 day moving average. If the price can break up from here, we could see T rally to $34-36.10. Personally, I want to see a break-out and retest of the neckline and 200 day moving average as new support (confirming that old resistance did in fact became new support) to give us better confirmation that this stock wants to move higher. Moving average guide (All daily for this post): 50 day moving average in Green. 100 day moving average in Yellow. 200 day moving average in Red. Entry: Along the neckline and 200 day moving average around $31.15-$31.30 IF it breaks out (as mentioned, I want to see these levels broken and held as new support for a bit before entering.) Target 1: $34.30 (Prior resistance zone.) Target 2: $36.10 (Prior consolidation zone and the estimated measured move of the complex inverse h&s break-out.) SL: $30.10 (below the 50 and 100 day moving averages.) -This is not financial advice. Always do your own research and own due-diligence before investing and trading, as for investing and trading comes with high amounts of risk. I am not liable for any incurred losses or financial distress.
NYSE:TLong
by Deftsuo