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Inverse Head and Shoulders

Silver target hit precisely after inverse head & shoulders breakJust posting this update on the silver chart to exemplify how TA often does work with exact precision. As soon as the inverse head and shoulders on silver validated its breakout the price action climbed to the exact price target before its current correction. We can see how the wick on this particular chart even hit the top of the measured move line at exactly the time it hit its target. Always a cool thing when that occurs. *not financial advice*
OANDA:XAGUSD
by DrDovetail
Silver correcting after 1st target hit; bigger invh&s trgt = $34The top of the highest wick on silver is actually the exact measured move target of the previous inverse head and shoulders silver recently hit precisely. On the journey as it retested that ones neckline it formed this anger more horizontal inverse head and shoulder neckline and has since also broken above it with a measured move target much higher at around $34. I am currently watching for the dotted purple measured move line or the horizontal neckline to get retested here and hopefully one or the other wil maintain support…price could easily also dip back below the neckline a few times before the real breakout like it did with the previous inv h&s neckline. I will link the previous invh&s chart down below for you to compare. *not financial advice*
OANDA:XAGUSD
by DrDovetail
SPELL Token --- Potential for a Inverse head & shoulders to formDCA buying in the right shoulder area could be prove to be fruitful when we get out general Altcoin rally The investment thesis is quite simple people will see that Fantom might be trading at a $1.50 soon enough And think damn , I missed a 10X what can I buy in the fantom the ecosystem to catch up that 10X So they venture further down the risk spectrum And find spell, spookyswap, tomb etc You get the idea don't you It's the same with people seeing BTC trade at 80K and thinking damn I missed that train what else can I buy???
CRYPTO:SPELLUSDLong
by BallaJi
9
After hitting previous targets Doge now above invh&s necklinePrevious target was 21 cents which Doge has just recently hit and in doing so doge also create a larger inverse head and shoulder patterns which its price is currently above the neckline of now. Very possible the price dips back below the neckline once or twice before finally having the break above the neckline tat trigger the breakout of the inverse head and shoulders pattern, but as always its also possible it could validate the breakout on the current breach of the enckline. If it were to validate the breakout on this initial breach above the neckline, the next target woud be around 36 cents. *not financial advice*
BINANCE:DOGEUSD
by DrDovetail
Do you need a NEW AI & DPIN coin to ride up?I got you.... $28M mcap "Intelligent and Secure Messaging Keeping You Informed and Connected. Dmail Network is an AI-powered decentralized communication infrastructure built to provide encrypted emails, unified notifications, and targeted marketing across multiple chains and dApps for users, developers, and marketers." Technically looking quite good as well We have unresolved inv Head & Shoulders tgt still to be tagged and a beautiful Hunt Volatility funnel already triggered Obviously $1 is a key level to overcome
Long
by BallaJi
Watch This on your 4hr!Traders, I've been reading that the second round of GBTC outflow, which contributed to the selling pressure recently, is drying up. This pattern on the 4 hour chart will either confirm or deny this rumor. You can see the inverse head and shoulders pattern drawn. A break to the upside would target our previous high almost exactly. A failure to break the neckline by our bulls would result in our dropping back down to that multi-year trend-line (now acting as support) from 2019. Watch this closely and set your alerts accordingly as I believe this is the key indicator telling us what Bitcoin will do for at least this week. Best, Stew
INDEX:BTCUSDLong
by stewdamus
MOBOX Inverse head and shouldersThe Right shoulder is in the process of forming That deserves a like right ... when I give out setups that haven't even broken out yet. And you could actually make gains on :) Lol ... But the main goal is for you to be able see these for yourself and have the conviction and nerve to execute and not to become a believer in a particular coin.. Hey and even tell me that such and such coin/ FX/ commodity/ stock is looking good. I don't even know what Mobox claims to do ! It doesn't really matter to be honest! Best
CRYPTO:MBOXUSDLong
by BallaJi
The right shoulder of the Dow’s Inv H&S is its own inv h&S!!We are looking at the Dow jones on the daily here and can see 2 distinct inverse head and shoulder patterns have formed here. The larger one I have indicated with a lavender neckline and the smaller one with a green neckline. Price action is currently above both of them and overall this is looking very bullish, however we must remember that the daily timeframe is less effective in traditional stock markets than in the crypto market because the market is much more mature. That being said , I’m pretty certain the larger of the 2 inverse head and shoulder patterns would qualify as a weekly pattern or possibly even a monthly timeframe pattern so if we can get a few weekly and maybe a coupe monthly candle closes above the lavender neckline this will be a very bullish development for the Dow and greatly increase the likelihood of these patterns validating their breakout. For now though, it’s looking awfully ripe. *not financial advice*
TVC:DJI
by DrDovetail