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Inverse Head and Shoulders

Bitcoin to 48k again?Numerous indicators are showing that Bitcoin may want to retest that 48k resistance level again. The retest comes quicker than I anticipated by I am not going to fight price action here. VRVP and FRVP support strong accumulation at or near the neckline of that inverse H&S pattern I have drawn. Neckline has been broken to the upside where there is not a lot of selling pressure. Playing a BTC long here to 48k with a SL just below the point of control (red line) on the VRVP.
INDEX:BTCUSDLong
by stewdamus
Inverse head and shoulder target on bitcoin = 47700Almost to the full breakout target of this inverse head and shoulder pattern I posted awhile back. If you view this same pattern on the logarithmic chart it gives you a much higher target around 64-65k but I think the linear chart’s lower target shown here has much higher probability of being reached. Eventually the other target will get reached but we will probably see a sizable correction before that full target is achieved imo. *not financial advice*
BITSTAMP:BTCUSD
by DrDovetail
PRITIKA AUTO INDUS - GOOD VOLUMECan Enter at CMP 41.30 or Enter at 37 level If again falls then you need to average at 26 level BEST STOCK TO INVEST Disclaimer - All information on this page is for educational purposes only, we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made. Request your support and engagement by liking and commenting & follow to provide encouragement HAPPY TRADING 👍
NSE:PRITIKAUTOLong
by Jagadheesh_JP
2
YANG ( a 3X leveraged inverse China megacap ETF ) LONGYANG on a 240 minute chart had a reverse head and shoulders pattern last summer. Price rose over the neckline in November and hit an increased trend angle at that time. With a set of VWAP bands anchored to the neckline cross, TANG had pulled back twice to the mean VWAP where it found support, the latter of which was this past week. While price is currently at 15.5, I could reasonably forecast another rise to the second upper VWAP bandline at 18.00 or about 16% upside. Price rose more than 4% today and 20% YTD for January. Fundamentally, China is in a recession. Additionally, the terror and tension in the Red Sea has increased shipping costs and diminished shipping volumes through the Suez Canal a a major gateway to the Eurozone markets or even Western Russia. The CCP has pleaded directly to Iran about this as the whole situation is worsening the China economy ( among others) The idea of China launching a gold standard currency seems to be out of the news at least for now. What is still on the table is Chinese interests in Taiwanese reunification. Any military action would basically flush Chinese stocks into nothingness because a trade war would ensue if not WW III. This lingering in at background is a drag on the China stocks. I see YANG as a safe bet now with an entry just above VWAP with a stop loss above it and 18.00 for the target.
AMEX:YANGLong
by AwesomeAvani
3
Still earlyApparently price is forming an inverted HS in the monthly timeframe. It will take a couple of more weeks to be certain about the pattern or probably by the end of the month. This pattern has been forming since September 2022, if it plays out will be explosive. I like this kind of patterns bc are very reliable, may take some time to break out but I feel conformable adding and adding. I'll wait a a little more time to buy. I'll keep you posted, this could be the trade of year.
NYSE:RSI
by ArturoL
1
Ethereum - best plan for the next 30 daysEthereum is going down, but soon it will approach strong support. There is something missing on the chart, and in my opinion, it's this right shoulder of a head and shoulders pattern. It's pretty likely that Ethereum is going to go sideways for the next 30 days, but what you can do is buy low in the range and sell high in the range. After we complete the head and shoulder pattern, the price will decide which way it's going to go. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Trading is not hard if you have a good coach! Thank you, and I wish you successful trades. What Is Ethereum (ETH)? Ethereum is a decentralized open-source blockchain system that features its own cryptocurrency, Ether. ETH works as a platform for numerous other cryptocurrencies, as well as for the execution of decentralized smart contracts.
Short
by Xanrox
6
BTC H&S Structures- it's always interesting to check the past and learn from it. - Sometimes you will find ways to find the future. - On this messy graph, i posted some H&S and inversed H&S Patterns. - i didn't post them all (but have more), i didn't want add more mess :D - Check support and resistances on H&S dotted lines. - Check colored bubbles like always. - This is not a trade recommendation or a prediction. - imho for now and until Halving better stay out of markets and buy pop corns. Happy Tr4Ding
COINBASE:BTCUSD
by thecryer
2
EURUSD 4H Chart Inverse Head & Shoulders breakoutEURUSD 4H chart Inverse H&S producing a breakout Additional confluences: - Bullish market structure, the price is forming the pattern around the support range fro m the previous major high points - Head of the inverse H&S pouncing from the 0.618 Fib - MACD produced a Bullish cross a while back and now it's providing bullish continuation - Price bounced from the 200 SMA and now it's above the 20 and 50 EMA. Monitor the 20 and 50 for a Bullish cross
Long
by RTED_Investing
PTTGC | Wave Projection | Complex Inversed Head&ShouldersPrice action and chart pattern trading setup > Global pattern bullish complex inversed head & shoulders pattern breakout > Local bull flag breakout EMA200 dynamic resistance with strong bullish candle - a possible ABC bullish wave targeting new wave 1 > Support pullback entry level : EMA200 zone > Target 2X bull flag pattern @ 0.786 - 1.272 fibonanci extension +15% upside > Stoploss @ lower bull flag support B wave zone -7% > Risk reward ratio: 2:1 Always trade with affordable risk and respect your stoploss
SET:PTTGCLong
by dukeposh
ETHBTC - The Final Support and The Final CallBitcoin has been very dominant and managed to push ETH all the way to the final support line. This is a 4 years old diagonal support which crosses with a 6 years old horizontal support line. Please tell me if I am wrong, I see a three patterns when zoomed out; First is a massive rising double bottom, Second is a massive cup and handle, Third is a massive inverse head and shoulders. All indicators seems to have bottomed out as well. And on the other hand, Ethereum network is very active, wallet count is increasing, burning mechanism is working well; in the last 30 days -39,767.33 ETH were burned. It is simply deflationary. My observation causes my instincts to tell me that this is the final call before the big flippening narrative starts to be spreading again. I know BTC is the key player in crypto, but I dont see ETH getting crashed any further againts it. Do you see any bearish patterns or signals? Please let me know in the comments if you agree or disagree with me.
Long
by TheAlchemist888
3
NMDC Target 1 Reached This NMDC strategy i'm already posted but its hidden due to some TradingView House Rules Violation Please Note this " INVERSE HEAD & SHOULDER PATTERN BREAKOUT " Entry Level - 130 Stop Loss - 115 Targets - 145,156,164 Breakout Happened on Sep 1st With good volume FUNDAMENTALS OF NMDC Market Cap - ₹ 38,307 Cr. Current Price - ₹ 130 Stock P/E - 7.74 Dividend Yield - 5.06 % ROCE - 30.2 % ROE - 23.0 % Face Value - ₹ 1.00 PROS Company has reduced debt. Company is almost debt free. Company has a good return on equity (ROE) track record: 3 Years ROE 27.9% Company has been maintaining a healthy dividend payout of 38.9% CONS The company has delivered a poor sales growth of 8.75% over past five years. Earnings include an other income of Rs.2,153 Cr. Promoter holding has decreased over last 3 years: -8.86% Working capital days have increased from 58.6 days to 102 days Disclaimer - All information on this page is for educational purposes only, we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made. Request your support and engagement by liking and commenting & follow to provide encouragement HAPPY TRADING 👍
NSE:NMDC
by Jagadheesh_JP
21