Get started

Inverse Head and Shoulders

UNIUSDT is creating an inverse head and shouldersThe price bounced on 5.14 Daily support after a double top at 9.5$ Now the price is creating an inverse head and shoulders on the daily timeframe and the price is testing the dynamic daily resistance. How to approach it? IF the price is going to have a breakout and retest the 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
22
Curve CRV - 2000% profit! (lifetime opportunity) This is a once-in-a-lifetime opportunity to buy CRV at this very low price because this coin can explode anytime soon! 2000% profit is real, no problem at all. You can buy this coin on the spot market or you can open a long position on the futures market. CRV is currently ranked #78 on coinmarketcap, so there is a lot of room to go up. The market cap is relatively low. Curve is a decentralized exchange for stablecoins that uses an automated market maker (AMM) to manage liquidity. This setup is amazing from the Elliott Wave perspective because you can catch the third wave of the third wave, which is a dream setup! The main trendline is breaking out, and wave 2 has been completed. It looks very promising; do not miss this opportunity. I don't know what about you, but I am buying this coin! You can buy it with a small amount of your funds, if you want to allocate your capital somewhere else. All-time high resistance is of course a strong resistance, so I recommend taking profits below this major level to make sure you will get filled. Look at my ideas about crypto's total market cap, Bitcoin, and LDO in the related section down below. For more analysis, hit "Like" and "Follow"!
Long
by UnknownUnicorn2537518
66
Matic nearing a potential golden cross. 2 current bull targetsIf the golden cross occurs and sustains itself, we should see both of these bullish targets hit in the near future. We are currently above the yellow neckline and would reach the yellow target first. On the way there it would take us above the white channel, and flipping that channel to solidified support would validate its breakout and take us to the white price target. Best to keep an eye on the top trendline of the white channel as it is imperative that we flip its current resistance to solidified support in order to reach either target. *not financial advice*
COINBASE:MATICUSD
by DrDovetail
2
SHIB: Looking VERY GOOD! Key points to watch next.• SHIB is trying to trigger an IH&S chart pattern just above the key support at the black line; • Would be important to see SHIB breaking the blue and purple lines in order to trigger a bullish reversal – this could make it seek higher levels; • However, if it loses the black line, it will frustrate any possible reversal thesis, and the next stop is at the next support, around the red line; • Whatever side it breaks, SHIB looks interesting. For now, let’s pay attention to these lines on the chart. Remember to follow me to keep in touch with my analyses!
COINBASE:SHIBUSD
by Nathan_The_Finance_Hydra
QQQ possible inverse head and shoulders on the dailyThe $QQQ is triggering a long setup on the right shoulder of a possible inverse head and shoulders. A (conservative) measured move of the head to the neck, from the lower right shoulder, gives a target of $302.40. The FOMC meeting is on Wed 11/02. News on 10/27: "Economists at BlackRock are speaking with financial advisers, saying that they are expecting "pivot language" at the next Federal Open Market Committee (FOMC) meeting". If these rumors prove true at the FOMC meeting, the market and QQQ could have the catalyst to reach the target (quickly). This idea is only based on the charts, but the FOMC could provide a catalyst.
NASDAQ:QQQLong
by FourC
19
CDAY - will earnings be the catalyst?CDAY has formed an inverse H&S and is now trading close to it's 200 day moving average. However, the stock might not be on a sustainable uptrend just yet until it can clear the neckline around 70.80. With earnings expected on 2nd Nov (AMC), let's see if it could propel the stock above the neckline. When it does, it is still prudent to place an initial stop loss (say) just 5% below the neckline (to avoid sharp drawdowns). It is always better to keep losses small and re-enter when technicals look right again. 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!
C
by Juliac
SIMP. Waiting for the next swing low. SIMP . The story: after it broke the resistance, the resistance has become a support. Now it retest the support. The last candle is a bearish candle with little wick/shadow/tail. It means minim rejection, or I assume there was no rejection. So, it potential break the support and go down to the demand area to pick up some volume before it bounch back. If it happened, it will be inverse head and shoulders pattern and we are looking for the next swing low to enter. That is 1st scenario. The second scenario, bull power so strong in the next candle and break the swing high (HH). If this happened, we can enter soon after it breaks the HH. I think, in my prediction, 1st scenario will going to happen. Any other point of view, guys? Please share with me. Thank you.
IDX:SIMP
by Bitking001
SPY Bullish reversal survives earningsWith (hopefully) the most disappointing earnings reports behind us and depending on the news over the weekend, I'll be ready Monday to look for a move, from bulls or bears, that rebounds off the buy zone of ($386.96 - $389.29). I will note, while I acknowledge the possibility of a bearish move above, the bulls seem to have considerable advantage considering the the general trend formation at the moment. There was a large inverse head and shoulders pattern that developed on the SPY chart over the past few weeks. Going into earnings I didn't feel the urge to act on it yet, but with big companies having reported, ill be looking to act on this more in the coming weeks. If we break out the math and study our levels: it appears the shoulders formed at $357.09, the head at $348.11, and the neckline at $375.45. This indicates that breaking to the upside yields a mid term technical goal of $402.79. Which just happens to be in the next buy/sell zone. These points seem to be confirmed by the characteristic volume spikes on the left shoulder, and head, while the sellers became noticeably absent about time of the right shoulder allowing bulls to regain control. This play has a Risk to reward ratio of over 5, with the stop loss being a close under the lower limit of the buy zone : $386.96 As always, good luck to all.
AMEX:SPYLong
by Avatar_Trading
WHA | Wave Projection | ABCDE Rising Triangle TargetPrice action and chart pattern trading setup: > The key level to watch for the price now almost reaches the upcoming channel resistance and minor ABC pattern T1 zone. > Take partial profit recommendation, most likely to retest the triangle neckline or breakdown making E wave dump and pump pattern. > Entry @ neckline pullback zone 0.382 and S2 @ 0.618 SMA200D zone > Target @ T2 Major ABC Target and Inverse Head & Shoulders +25% > Stoploss @ SMA200D zone -8% > Risk reward ratio: 3:1 Always trade with affordable risk and respect your stoploss
SET:WHALong
by dukeposh
✅Bitcoin - Last chance to buy under 20k! This is your last chance to buy Bitcoin below 20,000 USDT before it explodes to new all-time highs!  An inverse head and shoulders pattern is currently breaking out! The price is above the neckline, and you could wake up to a massive green dildo on the chart any day now.  If you are pumped, hit the like button right now!  Don't forget that November is the second strongest month for Bitcoin, with an average return of +21%.  The Elliott Wave is currently extremely bullish because we have completed an ABC correction for a previous impulsive wave and now we are preparing for a third impulse wave, which is usually the strongest.  If you are bearish, then comment on this idea!  The next stop is 30,600 USDT, which is a reasonable resistance. It is the head and shoulders measurement target + the previous symmetrical triangle point of control (POC). I expect a temporary downtrend from this level. Inflation is on the way to 0% in a few years, as per my previous analysis, which you must check out in the related ideas down below! We can hit a new all-time high next year. It's definitely a possible scenario, so you don't want to miss this upcoming huge move. If you think this idea is interesting, then you should hit the like/boost button. Thank you!
Long
by UnknownUnicorn2537518
174
Bitcoin - You haven't seen this before! (secret) You haven't seen this inverse head and shoulders pattern before! The price of bitcoin is going sideways, so I had to do more research and find something new.  30400 USDT is a profit target for the Head and Shoulders pattern, which is strong resistance. It's the measurement target of the HaS + previous symmetrical triangle point of control (POC). The 5–10-year bear market is not confirmed yet, so do not fall for it! First, the bears need to break the 17500 USDT level to confirm this scenario.  The stock market is crashing like crazy, but Bitcoin is extremely durable. So good, right? Or so bad, if you are in a short position.  As per my Elliott Wave analysis, we have started the uptrend with an impulsive structure (9 waves), which is definitely a great sign, because 5-9-13-17 waves are impulsive, while 3-7-11-15 are corrective structures. An ABC correction of the previous impulse has also been completed successfully.  Is this inverse head and shoulders pattern the last hope for the bulls? I think so. Is this the last time we can purchase bitcoin for less than $20,000 USDT? Not sci-fi.  Is a 5–10 year crypto winter possible for the crypto market? If we break below the 17500 USDT level, then yes. Is it possible to get 3000 USDT per bitcoin? If we break below the 17500 USDT level, then it's actually very possible.  Is Bitcoin a Ponzi? Yes! I expect tremendous gains for selected altcoins. You can find them in the related section down below. For more analysis, hit "Like" and "Follow"!
Long
by UnknownUnicorn2537518
131
SPX - this rally could have legsDespite that bullish engulfing candle with strong volume on 13 Oct, the market continued to climb a wall of worry for the next 5 days. However last Friday's strong close is a "follow through" day that added to my conviction that this rally could last a fair bit. On the Monthly Chart (not shown here): A potential "bullish piercing candle" (monthly ) will be formed if by the end of this month we have a close above 3762. So let's see! On the weekly chart: 1. SPX had rallied after testing the first major support @ 3500 on 13 October (last major support is around 3200, may not get there) 2. we see bullish divergence playing out On the daily chart: if SPX can close above it's immediate resistence @3800 (a mini inverse H&S neckline and also the 50% fib retracement of the recent XY down swing, then it could attempt to rally (minor pullbacks not withstandng) towards 4100 (inverse H&S target, incidentally 4000 - 4100 zone is critical as it also where the major downward trendline resistance is. The bears and bulls will be having their last battle here. Could this be just another bear rally (albeit a strong one) or could the market have bottomed out at it's most recent low of 3491? I guess we will never know for sure except on hindsight. The market seem to be resisting much lower levels than 3500 (at the worst case we could have a double dip back towards 3500 within the next few months although I feel the chance of market going lower than that is diminishing. Still protective stop loss is must. p/s Fed starting to sound less hawkish in the coming days could be the ultimate signal for the bulls. definition of "follow through day" here: www.investors.com 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!
SP:SPX
by Juliac
3
HMPRO | Wave Projection | Complex Inv. Head & Shoulders BreakoutPrice action and chart pattern trading setup > A possible bullish uptrend ABC scenario with complex inverse head & shoulders pattern with SMMA50D as its neckline BREAKOUT! > The candlestick pattern is consolidating just above the breakout area which possibly retest its neckline next week before price push higher. > Entry @ B1: PULLBACK retesting neckline within area of candlestick consolidation B2 @ breakout as follow buy. > Target: Inverse head & shoulders T1 is fibo 1.0 extension and T2 just below 1.618 ext. zone + 12 - 18% > Stoploss: right shoulder zone - 7 - 8% > Risk reward ratio: 1.5 - 2: 1 > Indicator: RSI > 60 bullish channel and breakout MA > The key fundamental analysis found that this coming high season after Thailand major flooding could trigger a boost in revenue and profit in upcoming Q4 company performance. Always trade with affordable risk and respect your stoploss.
SET:HMPROLong
by dukeposh
ITEL | Wave Projection | Downtrend Channel Breakout - A-Wave?Price action and chart pattern trading setup: > A possible downtrend A-wave reversal zone at the 5-wave uptrend Head & Shoulders target > Now breakout downtrend 5-wave channel and developing an Inverse Head & Shoulders reversal pattern below SMMA200D zone. > If breakout successfully, A possible scenario for long entry, we could wait for price to retest its neckline. > Target zone 1 - 2 - 3 as follows: Inverse H&S SMMA200 zone, bullish channel target, and B-wave targeting 0.5 - 0.618 retracement zone. > Stoploss at inverse head & shoulders' head - 7 - 8% > Risk reward ratio: 2:1 / 2.5:1 / 3:1 respectively Always trade with affordable risk and respect your stoploss, nothing is 100%.
SET:ITELLong
by dukeposh