$WISH Bullish Inverse Head and ShouldersWe are currently observing a short-term inverse head and shoulders pattern, encompassing a 15-minute timeframe that includes pre-market and after-hours trading. It is worth noting that the trading volume has been below average in recent sessions.
Additionally, it is noteworthy that our esteemed management has been granted a window of 141 days to execute a share buyback program, with the objective of repurchasing shares valued at $50 million. This strategic move by management aims to optimize the allocation of capital and potentially enhance shareholder value.
Inverse Head and Shoulders
$WISH 15 minute bullish inverse head and shouldersWe are currently observing a short-term inverse head and shoulders pattern, encompassing a 15-minute timeframe that includes pre-market and after-hours trading. It is worth noting that the trading volume has been below average in recent sessions.
Additionally, it is noteworthy that our esteemed management has been granted a window of 141 days to execute a share buyback program, with the objective of repurchasing shares valued at $50 million. This strategic move by management aims to optimize the allocation of capital and potentially enhance shareholder value.
BANK NIFTY INTRADAY LEVELS FOR 07/08/2023INVERSE HEAD & SHOULDER PATTERN
BUY ABOVE - 44550
SL - 44430
TARGETS - 44730,44980,45130
SELL BELOW - 44280
SL - 44420
TARGETS - 44070,43830,43570
Previous Day High - 45040
Previous Day Low - 44280
NOTE: I'm not available on Monday. Please not this levels & trade safely with this levels only Okay
I am sharing BANK NIFTY levels this levels acts as important support & resistance for intraday. if you want to trade with this levels wait for 15 min Candle closing above that levels. You can trade with breakout and reversal both.
Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day.
Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move.
Please NOTE: this levels are for intraday trading only.
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JD.com Inverted H&SJD.com has created an inverted H&S pattern over the summer and is attempting to break above the neckline. This isn't a textbook H&S since the neckline hasn't been a hard resistance level for price when looking at the violation above the neckline at the right shoulder, but that appears to have been an outlier with a gap up and almost immediate gap back down below the neckline. Although not textbook, this pattern is similar enough to warrant attention as price is currently attempting a break above the neckline.
The PPO indicator shows the green PPO line rising above the purple signal line which indicates short-term bullish momentum. Both lines trending above the 0 level indicates intermediate to long-term bullish price momentum. Going forward we want to see the green PPO continue to rise above the signal line.
The TDI indicator shows the green RSI line rising and crossing above the 60 level while trending inside the upper half of the white Bollinger Bands. This indicates a short-term bullish trend in price. Going forward we want to see the green RSI line continue to rise above the 60 level, with an overall trend between the 40-80 levels to indicate intermediate to long-term bullish price trend.
My entry on this trade was at $38.98 with a current stop-loss at $35.57. Should price break above the neckline and continue to rise I'm looking at resistance near the 200ma at the $45 area to take profit, but am also going to be watching for a potential measured move near the $48 level if price manages to push through the 200ma with ease.
BTC has an inverse head and shoulders pattern in the short term
* 1H
BTC seems to be drawing an inverse head and shoulders pattern in the short term.
It is important whether or not to break through the blue short-term downward trend line.
Nifty Bullish Expiry 20000 Inverted Head & ShoulderInverted Head & Shoulder
RSI Bullish
ADX Positive
Above 200 EMA 100 EMA 50 EMA
www.tradingview.com
BTC's Inverse Head and Shoulders Pattern Signals Positive OutlooThe formation of an inverse head and shoulders pattern has provided Bitcoin (BTC) with a positive outlook for the day, successfully rebounding from the resistance level at 29,500 USD. As this pattern is already in full swing, the technical target is now set at approximately 30,630 USD.
SOUND HOUND AI Uptrend possible runSound Hound under the Umbrella of AI plays. Slowly curving up out of Inverse head and shoulders.
COINBASE Victory lapCoinbase wins decision over SEC lawsuit pushing the stock here this is a big accomplishment and win for the company. With blackrock wanting to create a bitcoin ETF and coinbase being a potential part of that and Earnings coming up this can ROCKET!
Short term watching for a break out of the wedge and a 59% gain up to $100.
This stock was once at a high at $430
Lockheed Martin Closing Gap?Lockheed martin earnings play. This stock has my interest with multiple contracts with the government and missing 1 of the last 5 earnings.
Lockheed is no stranger to getting multiple contracts. A lot of constant contracts coming in with government agencies and commercial airlines.
For a month it has been consolidating jun-jul and recently broke out of consolidation.
coming up on earnings July 18th with price targets ranging from 498 to 579 and a strong out look from 1- 5 out of 5 its sitting at a 5 for earnings beat from Earnings whispers.
Im Bullish looking for at least a gap fill at $475
Trade responsible,
#TradeTheWave
CAT July 2023 iH&S hindsight analysisCAT made this beautiful iH&S and we are approaching the measured move that also just happens to be the Jan 2023 high. No trade at this time, but pretty enough (I love horizontal necklines the most) I just *had* to post it!
Penny stock tradeApparently price is forming a invers HS to break out the triangle. The $0.5 area is a string support. I'm giving it a wide SL because is very volatile. It could take a few more days or not. Never know with penny stocks.
$LXRX - Inpefa FDA Approved - Inverse H&S - BOOM BOOM ROOMThis could be a game changer. Marketcap of Lexicon Pharm that produces Inpefa is only $538M with plenty of cash on hand. Competitor drugs Jardiance from NYSE:LLY and Farxiga from NASDAQ:AZN did over $6B and $4B revenue respectively in 2022 and expected to grow quite a bit over the next few years. Inpefa received FDA approval and was rolling out commercialization and sales at the end of June. This should be a fun ride! This is my own opinion and should not be taken as financial advice. Own your own trades.
Inv h&s on XLMUSD points to a .147 - .15 targetYou can see here on the 1 day chart xlmusd has formed an inverse head and shoulder pattern with it only just recently rounding out the 2nd shoulder and returning now back to the neckline. As always I must wait for a breakout confirmation above the neckline and some confirmation from volume before basing my buys off of this but I anticipate it will likely confirm in the not so distant future considering the recent move by coinbase to use stellar for USDC. I’m hoping to get a retracement too before a full breakout above the neckline in which case I will try to wisely piece meal buys on the dip. I have placed an arbitrary dotted measured move line where I think a potential breakout could occur in which case the target is somewhere aroun 14-15 cents. *not financial advice*
Hive is Buzzin - Trailing BTCThe stock runs hand in hand with bitcoin. It makes sense for it to keep going up being that the company stated they produced 259 BTC in the month of june.
New 52 week high loading? If it can avoid a double top.
Nice inverse head and shoulder pattern with bullish divi.I'm expecting it to play out similar to PLTR, but I think this one has better looking oscillators, strong bullish divergence. I don't know much about the fundamentals, but the company looks like they're on the right track. I think it will take roughly 6 weeks to play out, applying a proportional move like we saw begin the week of May 10th.
Unity. Inverse Head and Shoulder forming. + Bullish divergenceHey folks,
Another Inverse Head and Shoulder pattern with bullish divergence. My favorite pattern to trade, especially on these longer time frames. I am also noticing micro h and s patterns within in the smaller time frames on various stocks.
Besides the lackluster market response to its AI features, U hasn't had a whole lot going on fundamentally, noteworthy at least, but I'm picking up on the metaverse trend building steam again. This one is a great metaverse play.
I'll lock in profit accordingly. Around $42, $58, $65 and save some for all mighty $100 liquidity zone. I think mid July could see some nice action.
Happy trading!
OnePath
COIN Inverse Head and ShouldersCoinbase is breaking up and out of an inverse head and shoulders pattern as the crypto platform benefits from a rising Bitcoin price and news that Blackrock has chosen COIN as the custodian for the Bitcoin that they will have to acquire if their Bitcoin ETF is approved by the SEC.
Blackrock BTC ETF filing ignites price rally:
www.nasdaq.com
Blackrock ETF approval rating is 575-1:
www.ccn.com
Coinbase will be Blackrock BTC custodian:
www.cnbc.com
Opened a trade in COIN this morning at $79.21; stop loss is at $67, take profit is at $136.
Possible break outAs I mentioned before Canadian dollar is gaining strength. It was punished enough by the market and now is coming back. I have a large long position here I think is going to break out. The inverted HS (not confirmed yet) on the weekly timeframe looks promising.
TRADE ALERT - LONG ETHEREUMTraders,
We have what appears to be an inverse H&S pattern playing out. The right shoulder still has not completely formed, so this is admittedly an early entry and more risky. But with Bitcoin holding it's supports nicely for over a week among other positive indicators, I'll take my chances here.
I bought at the 50 day ma for $1,837. The R/R is 3.37. Final shorter term target is at least 2313.70 (there is a much higher target for that Adam & Eve or some see a C&H pattern) at which point I may only sell half. Of course, I'll be raising my stops along the way. My SL will be some short distance below the 200 day ma.
Best,
Stew
📈 4 BULLISH PATTERNS YOU NEED TO KNOW📌How to easily identify these patterns?
🟢Cup and Handle Pattern
The cup and handle pattern is a bullish continuation pattern that typically occurs after a significant uptrend. It is characterized by a U-shaped "cup" followed by a smaller consolidation known as the "handle." The cup portion represents a temporary pause or correction in the price, forming a rounded bottom. This signifies that selling pressure has diminished, and buyers are stepping in. After the cup formation, the handle is formed as a slight downward drift in price, usually in the form of a small consolidation or a shallow retracement. The handle represents a final consolidation before the resumption of the bullish move. The handle should be relatively smaller in size and have a downward-sloping price action.
🟢Double Bottom
The double bottom pattern is a bullish reversal pattern that signifies a potential trend reversal from bearish to bullish. It consists of two consecutive lows that are approximately at the same level, forming a support level. The first low represents a selling climax or a period of intense selling pressure. After the first low, the price rebounds and retraces to form a temporary high, creating a potential resistance level. However, buyers step in again, pushing the price back up, resulting in a second low that matches or is very close to the level of the first low. This double bottom formation indicates a significant level of support where buying interest outweighs selling pressure.
🟢 Bullish Flag
The bullish flag pattern is a continuation pattern that occurs after a strong upward move in price. It is characterized by a brief period of consolidation, where the price forms a narrow and rectangular range, resembling a flagpole and a flag. The flag portion of the pattern is typically slanted in the opposite direction of the initial price move. The flagpole represents the initial strong upward move, indicating a surge in buying interest. Following the flagpole, the price enters a consolidation phase, represented by the flag. This consolidation allows the price to stabilize and absorb selling pressure. The flag pattern should have parallel trendlines that contain the price action.
🟢Inverse Head and Shoulders
The inverse head and shoulders pattern is a bullish reversal pattern that indicates a potential shift from a bearish to a bullish trend. It consists of three consecutive lows, with the middle low (the head) being lower than the two outer lows (the shoulders). The pattern resembles a head between two shoulders. The left shoulder forms as the price declines, followed by a subsequent rally to create a temporary high. The price then retraces, forming the head, which is lower than both the left and right shoulders. After the head, the price rallies again to form the right shoulder, which is usually slightly higher than the left shoulder.
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GBPCAD - Inverse head and shoulders pattern forming?Analysis:
Price last week managed to put in a new higher high showing us that we're in an upwards trend meaning that we only want to be going long on this pair. At this level we saw that price held as support if we look left so we expect that it will hold again. Now for this particular setup we don't have any fib levels which we usual look for but we do instead have another pattern, an inverse head and shoulders pattern. This is a bullish chart pattern which is often followed by a bullish move after the second shoulder is formed which is what we expect and this second shoulder lines up with our support level. To add further to this level of support we have a previous downwards trendline that was broken and now is being retested for support. We expect that buyers will set here and will want to hold this level making it a good buying opportunity. Taking a look at the fundamentals we have the GBP which is the 3rd strongest major currency compared to the CAD which is the 2nd weakest major currency so this is already going in our favour, but we get even more confluence as we dig deeper. As of the most recent report for institutional positioning on the CAD we saw an increase in both long and short positions so this is pretty neutral but this isn't the same story for the GBP. As of the most recent report on the GBP for institutional positioning we saw an increase in long positions and a decrease in short positions showing the strength of the GBP and we expect that this will continue. Overall the technicals and the fundamentals are pointing to bullishness on this pair which is why we have our long bias on GBPCAD.
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Stay Safe - JPI
Disclaimer:
This does not constitute as financial advise. We are not responsible for any monetary loss that you endure. Trading is hard to be profitable with and we take losses just like everyone else does to. Our ideas won't always be correct which is why we urge you to always do your own analysis first before entering into the market but please feel free to use our analysis to assist you with yours.
1st of 3 ltc targets hit!The $90 target from the smallest inv h&s (with the cyan neckline) has just been hit! We now have 2 more left to hit. And in hitting the tallest one it will take us up above the magenta trendline which will put into play an even higher possible target…until that happens we will not include that 4th potential target on the chart but probability is starting to favor that 4th target. As always when one target gets hit a retrace is very possible..we can already see a bit of a wick has formed..hard to say how much of a retrace will occur before it continues towards the second target though *not financial advice*
