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Inverse Head and Shoulders

Algo with perfect retest of green channel tl as supportPerfect support retest of the bottom trendline of the green horizontals channel. In reaching there price also broke above the purple falling wedge…we can also see now that price is testing the turquoise neckline of an inverse head and shoulders as well. I have put the inverse head and shoulder target and the falling wedge targets on the chart for now. Will add the channel breakout target if/when we get closer to its top trendline. *not financial advice*
COINBASE:ALGOUSDLong
by DrDovetail
3
spy inverse H&S neckline & down trend break.. at the same timeinverse H&S. this is for fun guys. first touch the down trend line (could be like the santa claus rally) then pull back start of year. then completing the inverse H&S bounce again and breaking the neckline and the down trend line at the same time.. that would be some cool technical TA if that actually played out. this is just for fun. i could see some of this actually happening in a way. probably not that perfectly, and not if inflation or war stuff comes out. any way cheers edit the yellow oval is where we are now. (time of post) again this is for fun and just wanna have it archived incase it plays out i can flex on..no one cuz i haz no friends. lmao enjoy your weekend and stop reading this. hit the like if you liked or enjoyed it in some way. happy weekend.
AMEX:SPY
by Jbridgez
2
AMZN - testing neckline supportAMZN broke above an inverse Head & Shoulders neckline @99 on 27 Jan and went on to hit 114 before disappointed earnings crashed it back down to 98 - 99. It could be find support around these levels due to a confluence of: 1. neckline (resistence turned support) 2. 50% fib retracement of AC upswing @97.80 3. 61.8% fib retracement of BC upswing @ 100 It is a second opportunity to go long at current level with an initial tight stop loss slightly under $96 Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
NASDAQ:AMZNLong
by Juliac
2
Ascending Triangle Forming- BullishEyeing SE here as it heads into earnings as it's been trading sideways for quite some time now after finding a bottom stemming from a big downtrend. SE has formed an inverse head and shoulders on the 4-Hour and daily timeframes, along with holding a massive bullish shark harmonic pattern on the weekly timeframe with the neckline between 62.45 and 63.95 (See Attached Chart Below). Additionally, SE has some nice bullish hidden divergence on the weekly timeframe along with its Bollinger Bands Squeezing. With buyer volume ramping up relative to seller volume, definitely will be keeping a close eye on this one. Bullish & will be watching closely for a breakout if buyers continue to step in (broader market conditions permitting)- Just some FIB levels along with some RSI-based supply and demand zones to keep an eye on in the meantime- Price Targets & Previous Charts Attached Below PT1- $65.44 PT2- $66.88 PT3- $67.51 PT4- $69.02+ --Weekly Timeframe-- --Previously Charted--
NYSE:SELong
by jacobosiason7
3
1INCHUSDT is testing the previous Lows!the price is creating an inverse head and shoulders on daily timeframe And now the price is testing the previous lows as resistance. An inverse head and shoulders pattern is a bullish reversal pattern that is formed after a downtrend. It consists of a left shoulder, a head, and a right shoulder, with the head being the lowest point and the shoulders being peaks that are roughly at the same level. The pattern is considered complete when the price breaks above the "neckline," which is the level that connects the peaks of the two shoulders. This pattern suggests that the trend is reversing and that the price is likely to rise in the future. What's next? We are waiting for the breakout and retest the previous resistance as new support, According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ black structure -> <= 1h structure. ––––– Follow the Shrimp 🦐
by InkyGrip
6
KUCOIN GEM: FINDORAFindora is a nice microcap privacy crypto that's still very much under the radar. Currently only has a $8m cap. They plan to revolutionize privacy in crypto across the entire space. Spending 5 minutes of your time to read about this project or watch the latest video on their YouTube will get you interested for sure. This is not just another privacy coin, this product is revolutionary, simplifying privacy for the entire crypto space, with a focus on mass adoption. Anyway, on the chart we have a combination of 2 major bottom patterns. We have a clear Adam & Eve double bottom pattern + an inverted head & shoulders inside of it. It looks even better on the log chart, which I will provide after this post. Targets reach from as low as $0.005 all the way up to $0.027, and who knows where it could go if it ever hit a new all time high.
FLong
by jariii
2 overlapping 4hr chart bullish patterns on ethusdWe can see a bit of a pump in price action on the 4hr chart for ether here. It appears to be breaking above the neckline of an inverse head and shoulders pattern(in yellow). Of course many times these patterns do not trigger their breakout on the first break above the neckline but rather dip back below it and wait until the 2nd or sometimes even 3rd break back above the neckline before confirming the breakout. Always a chance though this one could confirm on the first candle break above the neckline so its always wise to prepare for all possibilities. If it does indeed trigger the breakout of this 4hr inverse h&s pattern, the measured move target should carry price action above the neckline of a slightly larger double bottom pattern (in green). We’re this to happen, it could very well then flip that green neckline from resistance to support upon retesting it, thus triggering a double bottom breakout next which would take us to the green price target. Of course it could also trigger the breakout of the double bottom without retesting the green neckline, or it could break back below the green neckline and not actually trigger the double bottom breakout until the 2nd or even 3rd time above the green neckline (just like with the yellow inv h&s neckline)If I remember to be open to all of these possibilities, await for confirmation, and then make my move I’m sure I will play these 2 patterns wisely. We must also remember that a fakeout of the double bottom pattern or both patterns is also a possibility as well. The resistances/supports, price candles, and volume candles, should clue us into into which one of these possibilities will be the ultimate outcome soon enough *not financial advice*
BITSTAMP:ETHUSD
by DrDovetail
4
Gold heading to descending channel breakout trgtOn its way to the breakout target from the descending purple channel, Gold has now also formed an inverse head and shoulders which has an even higher breakout target. Price action is currently above the neckline of the inverse head and shoulders (in yellow). It could easily dip back below the neckline momentarily, but can also just as easily trigger the inverse head and shoulders breakout without going back below the neckline first. If it triggers the breakout for the head and shoulders the breakout target for it is notated here with the yellow price tag. I have included a link below to my previous idea on gold where I first spotted the breakout potential for the descending purple channel for posterity. *not financial advice*
OANDA:XAUUSDLong
by DrDovetail
2
CRWD ~ Inverse H&S built, ready to pop higherHere's a 30m chart to highlight detail of the inverse head and shoulders built on CRWD. Green line weekly support goes back to the lows of August 2020. Purple box is a large daily gap left from late last year up to $138 area. If looking from peak to trough of the head and shoulders, it's roughly $16 from neckline to low of the head, in a breakout of neckline it could be considered within an expected move to move a similar distance to the upside. That's around the 124.00 area. If looking at the daily chart, LBR momentum indicator is showing a slowing of downside momentum, further adding that a short term bottom may be put in here. Daily RSI is right around 50 as well so there is room to go higher without hitting "overbought" levels. Earnings are a bit away still. No position currently, but will be looking to open one soon depending on price action.
NASDAQ:CRWDLong
by Cheesy-Bean_and_Rice-Burrito
Inverted HS Forming on Bitcoin?Just a quick thought here - this would fake out the bulls and the bears for a little while, and would correspond with DXY moving up very soon from the re-test of the channel it broke out of (area around 99-104 LFTs, 101-103 HTFs). Failure or success of the HSi would hinge on DXY movement as well: See related DXY ideas below. Not marking this as long or short, just want to see if the pattern plays out and then fails and moves down or succeeds and moves up to either set of targets on the chart.
BNC:BLX
by dudebruhwhoa
1
TLMUSDT inverse head and shouldersThe price is testing the neckline of the inverse head and shoulders. The price created the rounded bottom pattern as well. How to approach it? the price needs to create a breakout from the neckline with volume and retest it as new support, so According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ black structure -> <= 1h structure. ––––– Follow the Shrimp 🦐
Long
by InkyGrip
14
TSLA Relief Rally *Be Careful-(Short Term Bullish)***Warning Monday Jan 2nd (Market is Closed) - Q4 EV Deliveries - good report then TSLA will complete H&S pattern and continue Bullish Island Gap Reversal Positive: `TSLA is Very Oversold, we could see a continuation of this bounce up too 150-180 if production release is great on Monday. -Bullish Chart patterns show inverse H&S pattern created by Island Gap Reversal. LARGE Buying Volume strong-sign of institutional investment - this could be accumulation phase Beginning of January tends to be positive for the stock market NDX & SPX showing signs of upcoming relief rally (*before we make final leg down) HYG & JNK Bonds are showing bullish divergence Negative: Monday possible less deliveries than expected -if is lack luster I can see TSLA dropping 7-12% to retest the low China Covid Cases/ Shanghai Factory Slow production Tesla is still in a Strong Bear Market pattern Elon and Twitter Drama Earnings report on the 23rd - with factory issues, supply issues - it does not look promising Macro H&S Pattern puts the measured decline to $90-$80 range Sentiment: Short Term -Swing /Day Trading -I am only Bullish for the Short Term* (1-2 weeks) . Long Term Investing: I am Bullish for Long Term (5 yrs) ....over-all I would choose the $109 area as 1st pt accumulation / $80 area second point / $60 area 3rd pt (TSLA will Grow 25% Sales YoY for next 5yrs) PEG ratio looking good
NASDAQ:TSLALong
by Black_Sheep1
Inverse Head & Shoulders Reversal Pattern ConfirmedAn inverse Head & Shoulders has confirmed the neckline with a price target of 127 by the end of June. Last Jan I posted this recession projection for TLT And then I projected the spike in yields on the 10Yr right before the Aug Rug Pull from Jerome Powell. Finally catching the double bottom reversal at the bottom at the lows of 91.85 Bond bears are calling this reversal a trap/mistake suggesting a Mistake in 2 rate cuts in the 2nd half of 2023. I only monitor TLT for technical analysis and to confirm / invalidate trends for the S&P 500. Not financial or trading advice.
NASDAQ:TLTLong
by SPYvsGME
1
LTC inv h&s appears to be validating; golden cross soonUnlike the tezos, and algo inv h&s patterns which ended up being takeouts and have now been nullified, the ltc inv h&s seems to still be legit and is currently attempt to validate its breakout. We can also see it is just 1-3 daily candles away from its golden cross adding bullish confluence to this breakout. The breakout target had to be readjusted slightly lower than the original target because price action dipped back below the neckline. The new target is $91.79. I will put a link to the previous litecoin idea about this inverse head and shoulders pattern below. *not financial advice*
COINBASE:LTCUSD
by DrDovetail
2
TIPH | Elliott Wave - Wave 4 Uptrend Target or A Bull Trap? Price action and chart pattern trading - A possible bull trap false breakout SMA200D > The price strong breakout last week could be forming an inverse head & shoulders pattern for a possible 4-wave correction uptrend > Wait for a pullback to complete the right shoulder consolidation pattern. > Entry : breakout - right shoulder after pullback consolidation > Target: Upper resistance +10-15% (0.382 - 0.5 Fibonacci retracement zone) > Stop: right shoulder support - 4% > Risk Reward Ratio: 2:1 Always trade with affordable risk and respect your stoploss Good Luck
SET:TIPHLong
by dukeposh
Bitcoin heading for the inverse h&s breakout target @ $23174The downward slanted inverse head and shoulder pattern bitcoin broke above back in late November appears to finally be reaching it’s long awaited breakout target. We can see the neckline of the inv head &s pattern indicated here on the 1 day chart with the white descending neckline and the dotted measured move line positioned right where the breakout happened. Been watching this one for multiple months now…even when it did its fakeout breakout back around October. Had to readjust the measured move for the official breakout point slightly lower but it would be amazing if price action reaches the target on the very day the measured move line ends in the price label. Anyone who has followed my charts closely would know that this wouldn’t be the first time price has reached the price target with that kind of exact precision…so it would be awesome if we see it yet again. *not financial advice*
BITSTAMP:BTCUSDLong
by DrDovetail
SE: Inverted head and shoulders formingSE (Sea Limited) Being 85% off its all time high, SE is trying to form a bottom here. The pattern I see on the 4h and daily chart is an inverted head and shoulders . It's a reversal pattern. Inverted head and shoulders (like head and shoulders) are only confirmed once the neckline is broken. The neckline is between 62.45 and 63.95 so I would consider a long entry for a swing trade if and only if we break 64. Just watching for now. But the chart is showing some positive signs. The target of the pattern is at 90 . Trade safe.
NYSE:SE
by Elpidaldo
2