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Inverse Head and Shoulders

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
$SOLANA - Back in Bullish TerritoryHello my Fellow TraderZ, So here we have $SOL today which is trying to hold up here after breaking the Trendline. Few more candles above the Resistance will clear the line for LONG Signal. Also see the Inverse Head & Shoulder Pattern, which is still validate and post- breakout the price is retesting the neckline. All eyes on Powell Feedback about #CRYPTO's future now till then waiting before any further trade. Happy Trading Fam. Cheers!!!
Long
by TRADER-GOKU
Things that make you go Hum!This is an exploratory thought. Posting for future review not actual trade. Tomorrow I am expecting a weaker continuation to the downside with some possible chop or a bounce around the 280 mark. TSLA is one of the few stocks that have held well during this market drop and they still have some room to the upside before they should text newer lows. (my thoughts) Of course the markets have their own plans. Yet I will be looking for a bounce around the 280 level and watch it closely to see if it fulfils this pretty drawing here. If the 280 levels are broken then expect further downside to 266 and we ight not have breaks then. Have fun.
NASDAQ:TSLA
by JP_Tru
1
XRPETH continues to rise above a bigger inv h&s necklineAfter reaching the breakout target of a much smaller inverse head and shoulder pattern, the price action on the xrpeth chart has continued to pump and is now sitting above 2 necklines of a much bigger inv h&s pattern. The only resistance it is yet to break above is the yellow horizontal neckline of a double bottom pattern that also doubles as a horizontal channel. Flipping that top yellow horizontal line to solidified support will be the final confirmation we need to know that the inv h&s pattern is going to get validated. There are 2 different breakout targets posted here for the inv h&s pattern. The smaller one is for if the white neckline is more valid and the larger target is for is the turquoise neckline is more valid. I get the feeling both targets will be reached in due time. I will post the chart of the previous idea that showed the smaller inv h&s not shown here down below. *not financial advice*
Long
by DrDovetail
1
Silver in inverted head and shoulders.Silver - Intraday - We look to Buy a break of 19.67 (stop at 19.57) A bullish reverse Head and Shoulders is forming. Previous resistance located at 19.65. A break of bespoke resistance at 19.50, and the move higher is already underway. There is scope for mild selling at the open but losses should be limited. Our profit targets will be 19.94 and 20.20 Resistance: 19.65 / 20.00 / 20.20 Support: 19.20 / 19.00 / 18.60 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
OANDA:XAGUSDLong
by OANDA
$XRP - Road To HELL or HEAVEN ?Hello my Fellow TraderZ, Today we going to analyse the chart of the BEAST In-Survival - $XRP. On DTF, we can see here #RIPPLE is forming an Inverted HEAD & SHOULDER Pattern. The break of the TrendLine is done and a Retest in progress. Well, we have Two Scenarios here : 1. Price closes the Daily candle above the both EMA55 an Neckline of the Inverse H&S which will maintain the validation of this pattern 2. Price closes the Daily candle again below the Neckline and EMA 55 which would invalidate this pattern further. This is more likely as the Today's SELL volume is stronger than the previous Days' volume. Keep an close eye on $XRP in both the scenario as this WEEK will be very volatile on either side for Global Maket. Happy Trading . CHEERS !!!
by TRADER-GOKU