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Inverse Head and Shoulders

Wal-Mart (WMT) Appears Prime for a Run to the Upside!Wal-Mart Appears Prime for a Run to the Upside! Patterns Identified- ABCD and an Inverse head & shoulders pattern on Wal-Mart's (WMT) daily chart! I expect a break of the neckline over the next few sessions. We popped above the trendline today and came back inside the triangle. Also we closed slightly below the zone (see screenshot below). My next entry on Wal-Mart will be above 135 or after we break and hold above the upper trendline. Short % of float 1.09 (as of October 1, 2022). Bias-Bullish Peace in Love, MrALtrades00
NYSE:WMTLong
by MrALtrades00
CPNG - inverse H&SThe techs are lining up quite nicely for CPNG so far with all 3 moving averages (20,50 and 200) about to cross up in the right order. A break up above the neckline @ 21.35 (esp with solid volume) will be a good buy point. However, it is probably prudent to test with small amount first and add if it pulls back to retest near the neckline (or pyramiding up is ok if overall momentum is strong). I will put initial stop loss just slightly below $19 and trail stops up if trade is working out. Take partial profits if it is able to reach around 26.5 (resistance there). Let's see if it works out! 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!
NYSE:CPNGLong
by Juliac
$BLNK, Charging up for $25 as the first stop?$BLNK seems to be in a falling wedge (bullish) at the moment which can lead the price back to $25-26 zone. We may see a push towards $17 before the stock attempts a break out of the wedge. If that plays out well, we might also see the right shoulder completing -- a bit too early but good to keep an eye. Next few weeks seem interesting! Disclaimer: This is not a financial advise. Please make your own decisions while making an investment.
NASDAQ:BLNKLong
by mustafa_bey
SUSHI - Huge breakout! A new uptrend is starting right now! Great news for the SUSHI altcoin, because the descending parallel channel is currently breaking out with an elevated volume! Congratulations to the bulls for this success, and SUSHI is now completely free to go up to my profit target. Take profit at the 0.618 FIB + strong horizontal resistance, which is between 5.289 - 5.890 USDT. This is an extremely strong resistance, so you want to take profit here at all cost! According to my Elliott Wave analysis, a huge impulse wave has been completed, so there is an amazing opportunity for a massive pump in the immediate short-term. As you can clearly see, the last bullish candle looks like a dildo, which you really want to see! I believe this coin can pump extremely hard. But there is also a possibility of a slow uptrend. Let's see what is going to happen. It's definitely a tremendous opportunity right here right now for the SUSHI coin, so do not waste any time and do your own research or just press the BUY button! I expect massive gains for selected altcoins. You can find them in the related section down below. For more analysis, hit "Like" and "Follow"!
Long
by UnknownUnicorn2537518
34
ILMN - Inverse H&S breakup, can it be trusted?An inverse H&S that formed over the last 5 months cummulating in a breakup yesterday. The marked increase in volume in the past week is encouraing and while the low of 173 on 17July (69% fall form it's peak) is likely to be "the low", it is probaby prudent to only buy small amounts now (in view of overall market volatility) and to add if we we a dip back towards the neckline (but not back below). We would have more conviction that an uptrend is underway if and when price could at least clear the horizontal resistence @ 259. There is nothing wrong should one prefer to wait till it can clear this level before establishing a trade as sometimes it's better to be later but surer. 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:ILMNLong
by Juliac
ATOM COSMOS INVERSE HEAD AND SHOULDERS!! 10% PUMP INCOMING!!Looking at QNT and Matic which have found their bottom its seems like we are getting a bit of relief rally in other altcoins. I have noticed a few with an inverse head and shoulders Pattern. Matic also had one and it played out. Possible 10% profit if it plays out with ATOM. No financial advise though :) It will be better confirmed if we get above $13.089 and use it as support. If this plays out I will be taking profit around $14.00.
ALong
by Luckyjimbob111
2
XAUUSD can move higher 🦐GOLD on the 4h chart reached the recent low at the 1615 level where the price inverted to the upside and tested the descending trendline. The market creates a inverted Head and shoulder opportunity but we will need to see a right shoulder development in the next house to confirm the pattern. How can i approach the scanrio? If the price will break and close above the descending trendline ii can look for a nice long order according to the Plancton's strategy rules. --–– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any questions. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger
OANDA:XAUUSD
by InkyGrip
18
NASDAQ/US100 - ABC WAVE - UPDATEA month ago I made a call that NASDAQ would continue to correct through an ABC wave (see related ideas) So far its playing out so I decided to give it a little more attention, with additional situations for consideration. Patterns could be wider or thinner than anticipated depending on news, fear & volatility. Bullish scenario: Inverse H&S Diverging from the initial ABC wave I plotted last month, should the impact of the current political turmoil pertaining to Russia deescalate, we could see an inverse head and shoulders. Bearish scenario: Macro ABC correction Should the political turmoil continue, or general market fears as people try to find a safe asset to allocate to such as metals, healthcare stocks, weapons manufacturing, we could see a continuation of my initial ABC wave, although I have tightened it up slightly to account for the obvious volatility in global markets. Crypto: Decoupling opportunity Currently US100 price action is also DIRECTLY influencing $BTC. If BTC ever needed a shining moment to decouple from US100 in a dramatic manner, it would be for it to follow the bullish inverse H&S pattern, whilst US100 follows a the deeper ABC corrective wave. This would drag every other crypto up along with it. Alternatively it would be an excellent moment for $ETH to shine and initiate the coveted flippening. However, if BTC or ETH fails to follow the inverse H&S pattern, they will likely be dragged down with US100 on the macro ABC roller coaster. War escalation scenario: There's a possibility stocks could straight up tumble all the way down to the lowest trend floor. The red, yellow, and green boxes indicate areas with liquidity where I would theoretically DCA. If the price reaches such lows of 8k it will call into question the current economic model. If there was a time for a Great Reset, or for a global movement to be rid of monetary finance altogether, this would be it. It will either be the greatest buying opportunity in history, or the end of traditional finance as we know it. If a war is nuclear? Well you'll be lucky to have electricity to trade with. Nobody wins. As always, I could be completely wrong with all of these ideas.
U
by saerinox
#MKR Inverse Head and Shoulders. Target = $975#DEFI protocol looks to be triggering right now! Weekend #Crypto PUMP? #Bitcoin still poses risks to holders and we are still not out of the woods, a mini run to $20500 seems likely but we must at some point hold on to the key psychological level of 20k and start making firm progress as these high@s getting lower on the medium time frame is pushing us into a decision point Apex. Will crypto finally decouple in these rapidly changing macro environment. We know the end of the crypto bear is close , but also we need to take advantage of opportunities that prevent itself.
COINBASE:MKRUSDLong
by BallaJi
Quant QNT - The most bullish high cap is breaking out! This altcoin is on fire right now because the bearish market structure is breaking out! On the daily chart , we can spot an inverse head and shoulders ( bullish reversal pattern) and a descending parallel channel . Both of these patterns have been destroyed by the bulls recently! This altcoin can definitely survive an upcoming crash on Bitcoin , so if you are pumped, then you should buy QNT right now! As per my Elliott Wave analysis, the new uptrend started with a strong impulse wave (1) and we have also successfully finished an ABC zigzag wave (2). Now wave 3 is in progress, and this wave you really don't want to miss. The previous all-time high is indeed a strong resistance, so you can take profit exactly at this level or slightly below to make sure you will get filled. QNT is currently one of the most bullish altcoins in the TOP30 category, and you really want to sell ETH if you haven't already. This altcoin is tremendous, and a 187% profit is really nice, isn't it? The bulls are right here right now! 95% of altcoins looks terrible, but this is definitely an expection. This trade provides a pretty good risk-to-reward ratio. For more analysis, hit "Like" and "Follow"!
Long
by UnknownUnicorn2537518
39
BTCUSDT: Inverse Head and shoulder Hello traders! Welcome back to another episode with analyst Aadil1000x. Today BTC has formed one of the most common pattern which is the Inverse Head and shoulder pattern But the way we trade is not common. As I always tell you moving toward the breakout is never a great idea whether it's H&S pattern or support and resistance or trendline. But doing about will be in your favor. There was a strong NEWS and most probably after a breakout BTC will fall down. There is also a doubt in the pattern at the bottom as it is not perfect so BTC needs to form a nice bullish pattern before moving up. This post is not trading advise, it's an overview of the next move.
Short
by Aadil1000x
7
STPT | +4000% Brutal Gains! Sleeping Giant STPT (Standard Tokenization Protocol) is a sleeping Giant, but when wakes up it will be huge, you can be pretty sure about that! We have been moving sideways for more than 3 years now on the weekly chart, and if we break this head and shoulders pattern, it will be tremendous! 4000% profit is a lot and I don't want to miss this altcoin, unfortunately, we can go sideways for another 1 year. So if you buy now, you can sit on the coin for a long time before it explodes. Yes, you can buy now and tomorrow it will be +1000%, it's really possible. Keep in mind that this is STPTBTC chart, not STPTUSDT chart. If you buy this coin, then your USDT value can go down, 50% drop is possible. You can buy this coin, if BTC hits 13k in the immediate short term. For a confirmation trade, buy a breakout above the Head And Shoulders pattern if you don't want to wait and want to catch the momentum. But there is a chance of another rejection at the neckline, which can lead to 50% decline almost immediately. Also, there is a local trendline that you can clearly see on the chart and if the bulls can break this trendline, then there is definitely a potential. I think this coin is a great choice and even if you buy for only 5% - 10% of your funds, it can be a smart bet. For more analysis, hit "Like" and "Follow"!
Long
by UnknownUnicorn2537518
55
ABNB: Inverse head and shoulders on close watchABNB What a beautiful and clean inverse head and shoulders on ABNB. Technically we just broke the neckline (dotted line), if we close above it today, the pattern will be confirmed with a target between $153 and $161. This one is a bit tricky though as there are some resistances ahead: -The horizontal resistance at 130 -The down trend line connecting all the previous highs since November. A positive note is that the stock has not followed the overall market the last few days. Could ABNB be benefiting from rent inflation? Possibly. I will long the stock above $130. First target will be $147. Keep it on your watch list. Trade safe.
NASDAQ:ABNB
by Elpidaldo
$UNI - Catching Up with $QNTHello my Fellow TraderZ, This is very interesting to see how the #DEFI with strong fundamentals are showing the sign of reversal to the upside Breakout. Here we have $UNI/Usdt chart exactly the replica of $QNT which recently broke its Inverse Head and Shoulder Pattern and currently retesting to confirm the Breakout. $UNI is also about to complete the Right shoulder of the Inverse H&S. If this pattern plays out, will see a handsome profit of ~82% with upside movement. All eyes on #Btc which could anticipate this breakout. Till then Happy Trading. CHEERS!!!
Long
by TRADER-GOKU