AMD Ppotential inverse head and shoulder Potential inverse head and shoulder
MA 50D Support at bottom
Inverse Head and Shoulders
$SPY $SPX 5 Reasons to be Bullish vs 5 Reasons to be BearishBULL
1. SPY had an incredible bounce yesterday printing a bullish hammer at the $390 level which is a huge area of support. Inverse Head & Shoulder is still in play.
2. The RSI has created a bullish divergence (might be temporary - see bearish view).
3. MACD has started curling up after the big corrective decline.
4. Stoch RSI is and has been negative (oversold) for days.
5. The chance of 75bps (interest rate hike) announced at the next meeting is already mostly priced in as the FED gave a hawkish speech at Jackson Hole.
BEAR
1. RSI has not reached oversold territory on the daily (a double bottom could resolve that).
2. The weekly RSI was over-bought and has already began making its way down.
3. POWELL is actively trying to bring the markets lower.
4. Many gaps to the downside.
5. 50MA/100MA are squeezing on the daily - indicating volatility incoming, which also could be a bullish move.
Overall - bullish until proven support is broken.
Litecoin LTC - A new bull market started! | Elliott Wave
Great news for all Litecoin hodlers and traders! As per my technical analysis, this downtrend established in 2018 has finally finished!
This is the LTCBTC pair on the weekly timeframe. It means that it would be better to hold LTC instead of BTC. But there is no guarantee of the USDT value of your holdings.
Regarding my Elliott Wave analysis, a major impulse wave has been completed, and now I expect at least a retracement to the upside.
Also, we can spot very nice local inverse head and shoulders and falling wedge patterns that are very close to a breakout!
The falling wedge has been destroyed by the bulls successfully, and now we are waiting for the head and shoulders pattern.
The last weekly candle of the downtrend is an extremely strong bullish engulfing candle, which is absolutely great to see!
The BTC.D Dominance chart confirms this analysis (I will post the BTC.D technical analysis probably next week).
For more analysis, please hit "Like" and "Follow"!
IVZ - Right ShoulderInverted H&S pattern
The right shoulder arm is yet to form, this is when we can expect bullish results on this Weekly timeframe
It may even escape this huge horizontal range shown with the horizontal line
Very bullish pattern
SPY inverse h&s within greater patternSpecifically looking at yellow here, although purple, larger pattern in the making may play out as well with a large rally into the end of the year.
With media barking about how September is such a poor month for stocks + a lot now baked in post-Jackson hole meeting, I could see a large rally begin soon into SPY 420ish (5.82% move roughly). Potential of a higher move if it were to bust out of supply levels.
Looking for an easing up of selling pressure at these levels in the short term. Note the VIX in recent days has been net flat/red with a declining market.
Inverse Head & Shoulders : H4 - DPotential head and shoulders on the FRA40.
A lot of news and inflation flying around, this might also just drop?
I'm looking for the price to go back to the 6664 mark, might be a potential double top pattern.
Reversal Pattern for British PoundClear Inverse head and shoulders for GBPUSD. If british pound reverses then it can hit 1.7.
Inverse Head and Shoulders on BTC, Bitcoin might go up despiteVery simple, and early, but in no way guaranteed. Implied Move to about 24K on this, should it play out. 8-hour Time frame. Just throwing this out there, and playing it with very modest stakes (unlevered) small long. I know I have a previous elliot wave study pointing further down, but markets don't move in straight lines, and both ideas are valid until they aren't. I may be premature in drawing the head as I still see a lower move later today. I'm thinking 19600-500 is on deck in the short term. Next few hours will let us know I think.
HANA | Elliott Wave Projection | Inverse Head&ShouldersPrice action and chart pattern trading setup
> Elliott wave projection downtrend breakout with inverse head & shoulders pattern
> A possible wave B rebound targeting 0.382 - 0.5 retracement of A
> Entry @ H&S breakout SMA25W
> Target @ 0.382 retracement of Wave A / SMA50W zone +25%
> Stoploss @ right shoulder / SMA400W -12%
> Risk reward ratio: 2:1
Indicator:
> RSI Week bullish divergence, breakout MA line
> MACD Week golden cross below baseline
Always trade with affordable risk and respect your stoploss
WATCH $5LYBullish
- IHS
- Broke downward trend line
- Funds accumulating
- Healthy fundamentals
- Broke neckline
Entry idea
- For members
Stop loss depending on entry and risk appetite. But always set meaningful stops.
"All great achievements required time.”
Cheers and happy trading!
$NVDA Nvidia missed earnings! Next level of support has a gap.$NVDA has a very interesting chart.
Today NVIDIA announces earnings, missed. The price plunged a bit after hours but not as bad imo.
I see a solid accumulation/support near the $157-$161 level.
NVDA previously broke out of a falling wedge on July 15th, however, it didn't back test the break-out zone afterwards, holding the support level this week would set up a textbook INVERSE Head & Shoulder pattern with a first target/resistance near the $190 level. Closing above the $190 neckline would open the door to more possibilities such as filling the gaps above (marked in red) created in APRIL 2022.
Losing the $157 level would break it down to the low $140's setting up a possible double bottom pattern as a best case scenario. Gaming is a billion dollar industry and most of the crypto decline shock is priced in. NVIDIA is poised for continued upside in the coming years as we slowly enter the metaverse.
ADA bearish flag in short-term#ADA/USDT
$ADA shaped ascending channel and price is between the middle line and lower line.
🐻 this channel can act as a bearish flag pattern and possible drop price toward long-term support zone around $0.41 which is the same with the broken line of the falling wedge.
🐻🐮 if price holds the support zone then possible to head up again to shape an inverted head and shoulders.
Finolex cables keep on radarFINCABLES had given a very strong volume breakout from Inverted head and shoulders on 29th July. It had confluence with 200 DEMA breakout. It has been consolidating since 29th July in a tight range.
Once the stock breaks 445, it will move quickly to 475 levels.
Risk reward ratio at CMP is very attractive
GRTUSD GRAPH TOKEN - INVERSE H&S Spotted on the 4hr.Traders,
Spotted this inverse Head and Shoulders on the 4hr. If that neckline breaks to the upside Graph Token could finally escape this long-trending bullish descending wedge it has remained in for about one year!
Target for the 4hr trade is 11.5 cents.
LMK if you enter.
Best to you!
Stew
RATCH | Elliott Wave Analysis -Uptrend rising wedge projectionPrice action and chart pattern trading - take profit position
> Rising/Bearish Wedge false breakout wave iv correction
> Target Inverted Head & Shoulders 1.618 extension of wave 1 or A
> Recommend take some profit along upcoming wave (iii) of wave v of wave 3 or C should be the longest wave.
> Indicator: RSI / MACD should start showing bearish divergence during the next cycles
TRADE ALERT - BTC LONG 3XTraders,
Spotted this inverse Head and Shoulders on the 30 minute. I’m betting 3x it plays out. Target = 21,953. The rest of the data can be found on my spreadsheet.
R/R is 4/1
Stew
CRVInverted head & shoulders pattern in play here, and we are loaded in this coin. (my group) we been buying last 2-3 months.
$4 is only the beginning CRV will do some amazing moves IMO. One of my favorite coins.
And you ain't seen nothing yet IMO.
Inverse head and shoulder breakout in Aegis LogisticsWait for the price action to form a bullish setup on the daily chart.
This is a weekly chart trade and hence should be held for minimum of 3 months.
A clear volume breakout and Inverse Head and Shoulders breakout with a big green candle. The stock has the potential to reach its all-time high from here which is a 50% gain from CMP.
Please note that this is not a recommendation and do your analysis before investing your money.
AS Rome Fan Token ASR - Huge opportunity! Head and Shoulders!
For some reason, fan tokens have been very strong in recent weeks, so it's a good time to buy!
We have an inverse head and shoulders and a falling wedge pattern on the daily and weekly charts, which is great to see.
Also, the main trendline from 2020 has been destroyed by the bulls recently, which is another great sign of upcoming strength.
If we take a look at the volume indicator, we can clearly see massive bullish volume this year, so there is definitely an increase in interest.
The profit target is at the all-time high resistance level. You can also focus slightly below this level.
I expect tremendous gains for selected altcoins. You can find them in the related section down below.
For more ideas, please hit "Like" and "Follow"!
ETHReally looking for the Inverted Head & Shoulders pattern here on ETH 3D.
Would reset the SRSI & RSI get everyone just the right amount of bearish before they rug the bears.
IDK let's see.
DOGE below upper line of ascending channel#DOGE/USDT
$DOGE shaped an ascending parallel channel and touched the upper line of this channel.
🐻 price can make a pullback to the middle line that is the same with broken resistance zone to confirm it as support.
🐮 then continue its uptrend toward the resistance zone above $0.1 to complete the inverted head and shoulders of my last analysis.
🐻🐻 breaking down from middle line will drop price to the lower line of the channel that is the same with support zone of around $0.073
