Inverse head and shoulders patterb on TeslaI noticed the previous chart I posted for tesla I accidentally had logarithmic mode turned on so. Wanted to show the more realistic linear chart breakout target here. *not financial advice*
Dailychart
Golden Cross having immediate bullish impact in parabolic cycle The next couple charts I post will simply be to lllustrate how the golden cross (orange line crossing above the blue line) immediately resulted in a very pivotal bullish pump that coincided with a major fulcrum point on the chart recently on multiple different charts. More times than not in the other market cycles, when a golden cross occurs it usually takes a few weeks afterwards to know whether that cross will have its desired outcome or instead end up being a fakeout but lately I’ve noticed multiple charts have seen an instantaneous pump on the exact day of the golden cross, which is making me think that once we enter the 2nd parabolic phase of a bull market that that is when you can anticipate a golden cross to have its immediate intended effect its suppose to have with much much higher probability than all the other market phases including even the 1st half of the bull market. Anyways I wanted to illustrate that hypothesis here with the Total chart as you can clearly see it’s a text book example, and I will try to also include another example where this occurred either in a follow up chart post or below if I can figure out how to get tradingview to let me post images of other charts below without making an entire new post for it. One major reason I want to illustrate this is because within the next 1-2 daily candle closes the Total2 (aka altcoin market) chart is going to have its golden cross and it is currently trying to confirm the breakout upward from a cp and handle pattern which is a huge fulcrum point for it. SO should the trend of instantaneous golden cross pump effects occurring the same daily candle as the cross itself, this could clue us into exactly when the real full on alt season will be about to kick off (which if correct, wll ignited by a BG pump within the next 1-3 daily candles). I will link the impending total2 golden cross chart below for you to reference and keep a eye on. *not financial advice*
Flokiusd nearing breakout targetOf its verse head and shoulder pattern that it recently broke upward from. *not financial advice*
A subtle channel breakout most people wont notice on xrpThis channel is a little sneaky as the majority of the key touches on the top trendline happened earl on in the beginning of the channel, the 3rd resistance of the top trendline of the channel is much more visible on the 4hr chart but I wanted to show it on the 1day chart to see the entire channel in the frame more easily. Rising channels breaking upward are always a good sign that we are starting to enter the parabolic phase of a bull market. Already well on its way to reaching this target. *not financial advice*
Algorand nearing 2 targetsThe triangle breakout target(dotted pink line) and the inverse head and shoulder target (dotted grey line). The speculation that Trump would do away with capital gains taxes on US cryptos may be fueling the current momentum. *not financial advice*
golden level after big dumpwhere gold price will go next ?
all levels on chart
directional blue line on chart
after big dump price first need correction
HBAR breaking above channel/double bottom patternIt needs to flip the 1 day 200ma(in blue) to solid suppport before it can hit the full breakout target in my opinion. Canary Capital just submitted for an HBAR ETF so that is very likely helping bulllish momentum. *not financial advice*
Aptos forms a new invh&s while reaching the target of its last 1Previous inverse head and shoulders target on APTUSD has just been hit. Upon reaching that breakout target, it formed another invh&s neckline and also broke generously above it as well in the journey. I will add a link to the previous invh&s chart below. *not financial advice*
Decentralized breaching its inverse head & shoulders necklineNo guarantee this will be the breach that confirms the breakout, but with the current momentum in the overall market there is a decent probability it could be. Either way definitely a bullish development for Mana *not financiall advice*
Shiba Inu breaking upward from channel; over halfway to targetSheba is blasting off so quick by the time I got around to posting a chart about it t’s already 3/4ths of the way to the breakout target. *not financial advice*
Extremely ugly invh&s currently in play on XRPUSDI have placed the measured move/breakout target line rather arbitrarily here. It wouldn’t surprise me if price action had a pullback or correction to reset some of the indicators before actually breaking above the neckline in which case the measured move breakout line(dotted line) would most likely need to be readjusted lower than where I’ve arbitrarily placed it here iin the process lowering the breakout target as well. Always a possibility that it doesn’t correct in between now and reaching the target though in which case we are looking at a target somewhere around 89-93 cents. I know many who only consider bukowski’s textbook version of an inverse head and shoulders to be one will have their skepticism about such an ugly looking example of an inverse head and shoulders, but n my experience it is the ugliest and most asymmetrical examples of inverse head and shoulders patterns that seem to have the highest percentage of being validated and reaching their full breakout targets. *not financial advce*
XDC’s inverses head & shoulders can send it to 3 & a 1/2 centsSo many alts breaking out of bullish patterns right now and XDC seems to be one of them as well. Need to flip the 20ma (in blue) to olidified support first though of course. * not financial advice*
Cardano breaking upward from a descending channelTarget is around 63 cents. Although I do believe it will eventually go higher and retest the green horizontal trendline above that too. *not financial advice*
ETHUSD price action poking above descending channelFirst breach of the top trendline of the descending channel here by the price action. We all know that price will often times dip back into a chart pattern after the ntial break above it so as of now we can’t yet say this validates the breakout of this pattern. Even though it’s more common patterns dont official validate their breakouts until the 2nd 3rd or 4th breach of a toot rendline, there are plenty of examples of patterns that have confirmed their breakout on the 1st breach of the top trendline as well so it’s wise to be prepared for either possbliity. Think a good indicator of it confirming the breakout will be once the 200ma gets flipped to sold support. The 200ma is current wick resistance. *not financial advice*
Potential invh&s on filecoin daily chartNot guarantee this plays out and usually nor wise to chase an inv h&s trade until the right should completes on the neckline, but considering the crypto market appears to be resuming its uptrend soon it does greatly increase the probabilities of this playing out so it’s worth keeping an eye on imo. *not financial advice*
Alert:Maruti on Edge as Lower Highs Signal Looming Support breakWhen a stock 📉 consistently makes lower highs, it signals a weakening trend, with sellers taking control. Maruti is at major support suggests a critical level where the stock might break down further, potentially accelerating the decline 🚨. Investors watch these levels closely for exit signals, as breaking support can lead to sharp price drops 📉, driven by increased selling pressure and waning confidence in the stock's prospects. However, it may also bounce bank to make another lower low, continuing the bearish trend.
Daily close above 12500 is the key level to watch as it will tell us where the stock is headed.
Disclaimer: All ideas are my personal views and not financial advise. I do not have any Telegram channel nor do I sell any courses.
Inverse head & shoulders on aptos has a $12.77 targetThere are actually a few potential necklines in play here but I just went with the lowest neckline for this chart. *not financial advice*
HUM Long 11/10/24Asset Class: Stocks
Income Type: Weekly
Symbol: HUM
Trade Type: Long
Trends:
Short Term: Up
Long Term: Down
Set-Up Parameters:
Entry: 251.55
Stop: 227.76
TP1 321.05 (3:1)
Trade idea:
Daily DZ DBR at breakout, with a FVG above it at 1:1 RRR. Possible trend reversal at the daily DZ
!!Be aware of pending Economic Reports. If price is within 20 pips of proximal value at time of major impact report, then Confirmation entry.
Trade management:
**When price hits 1:1 or T1, consider moving stop to entry in case of pullback.
**Disclaimer**:
The trading strategies, ideas, and information shared are for educational and informational purposes only. They do not constitute financial advice or a recommendation to buy or sell any securities, currencies, or financial instruments. You should do your own research or consult with a licensed financial advisor before making any trading decisions. The author assumes no responsibility for any losses incurred from following these trading ideas.
UJ update / analysis D and 15 min - targets in sights higherAs mentioned when we failed to go below the old W1 low, that sights go to upper targets.
Nice confluence on 15 and D for area to watch for this first target above.
Happy Trading!
- Doc
Quant price action currently above inverse h&s necklinePrice action is currently above the inverse head and shoulder neckline and has closed a couple candles above it on the daily timeframe. Often times price action will dip back below the neckline after this initial break above it so that is certainly possible here, however if it does validate the breakout without first dipping back below the neckline again here, I have placed the emasured move target price at the top of this dotted pink line. *not financial advice*
Potential inverse h&s on TRBUSD to keep an eye onThe right shoulder hasn’t completed yet so there’s always a chance this doesn’t play out. Especially if any unforeseen black swans are looming in the near future. However, considering Q4 should likely be bullish at this phase of the market cycle, there’s also a good probability of this pattern playing out so I’m posting a chart of it here so I can easily keep tabs on it later. *not financial advice*
BTCUSD Weekend Outlook - Small Correction Before the Pump?GM crypto bro's, happy weekend! This Sunday morning, the Fear and Greed Index is still chilling in the neutral zone at 52, while the stoch RSI remains in the overbought zone.
Looking at today’s price action, there’s potential for BTC to experience a small correction, maybe down to the 61K - 60K range, before continuing its pump towards our target of 65K - 66K.
Keep in mind, the market is dynamic—don’t get FOMO. Be cautious of potential corrections because anything can happen. Always manage your risk. That’s it for today’s crypto update, this is Akki signing off. One chart, one love. Have a nice day!
JIO FIN SERVICES LTD, Breakout in Daily Chart with High VolumeStock : JIO FIN SERVICES LTD
CMP : 344.90
Timeframe : Daily
Pattern : Breakout with Volume
Trade View : Bullish
Price Action & Technical Analysis
- Strong Bullish Candle with volume
- Breakout the Resistance
- MACD & Oscillators Buy Signal
- Moving Average Crossovers
Target 1 - 356
Target 2 - 376
Target 3 - 394
Stoploss - 325
Disclaimer : " Please do not base your trades solely on the ideas mentioned above. Conduct your own research before making any trading decisions. We are not responsible for any financial losses that may result from applying this study or from taking any early entry or exit in trades. "
