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Inverse Head and Shoulders

Short-term technical upward move likelyThis is a short-term trade. On the technical side, we've got the following things that make a bullish move more likely: According to seasonality, in the last 15 years, only in one year went the price down within the timespan from the 7th of May until the 23rd of June. So, it's a bullish time for this stock according to seasonality. The prior inverse H/S pattern got broken; the price went up, came down, and tested precisely the neckline yesterday. A clear hammer candle formed yesterday.
NASDAQ:DXCMLong
by p4917
GBPUSD 4-Hour Inverted Head & ShouldersHi Traders, Happy Monday! Hope you all had a great weekend. Today we are looking at a possible Inverted Head & Shoulders on the 4-Hour Chart We have seen nothing but bearish price action for the past month on most FX pairs. The DXY has been going parabolic GBP/USD has wicked down to a support level not seen since July 2020. Is this a good time to buy? I only enter positions that match my setup, which could be a possible play. Yes, it is a counter-trend which is not always advisable. This is why I would only risk a very small position on this as I wouldn’t class this as an A grade Setup. I am waiting for the price to break and close above that 4 Hour Resistance. If it does this I will be waiting for a possible retrace before potentially taking this pair long with a RR of 1/4 Hope you all have a great week! See you on the next one, The Vortex Trader
Long
by TheVortexTrader
1
Locked and Loaded FET/BTC #FET $FET #FETBTCThere appears to be an Inverted Head and Shoulders on our FET BTC chart ! That's good . That's a bullish structure . You can see the structure has been building since we bottomed out near 640 sats not that long ago . It shouldn't be long now until we complete the right shoulder which we are already halfway through . And then this should go up ! First target area would probably be near the top of the Ichimoku cloud around 12xx sats or so. Where the green arrow is . After that we have to consolidate on top of the cloud and will need to break through our previous resistance of 1550 but then we should definitely see more upside ! FET looks great for this year ! A gem . PS - you can see we've clearly closed above that previous Falling Wedge we were in so that's also Bullish .
Long
by shimmeringpath
5
Telsa InverseHead&ShouldersSupport at to of red band. Inverse Head & Shoulders formation. Disclaimer: Stratford Research newsletters reflect the research and opinions of only the authors who are associated persons of Stratford Consulting Ltd. The newsletters are for informational purposes only and are not a recommendation of an investment strategy or recommendation to buy or sell any security or digital asset (cryptocurrency, etc.) in any account. The information provided within the newsletters is not intended to serve as the basis for any investment decision. Any third-party information provided therein does not reflect the views of Stratford Consulting Ltd. or any of its subsidiaries or affiliates. All investments involve risk including the loss of principal and past performance does not guarantee future results.
NASDAQ:TSLALong
by atrusik
EURNZD are you gonna print us $$$🤑🤑 ????EURNZD broke a resistance area of 1.61000 and already came back for a retest of the broken structure. Price is currently heading upward and forming an INVERSE HEAD AND SHOULDERS (BULLISH PATTERN), We are patiently waiting for the price to break and retest the current neckline for a BUY WATCH OUT 1. Break and retest of the neckline 2. Bullish candlestick confirmation after break and retest of neckline for a continuation 3. Wait patiently Kindly like, comment and follow for more setups REPOST AND SHARE 💙💙💙💙
by THERUFFTRADER
USDT DOMINACE BREAKOUT! BTC IS IN DANGER!!Hello everyone, if you like the idea, do not forget to support with a like and follow. Welcome to this USDT DOMINANCE update. USDT Dominance does not look good here. USDT.D breakout from the inverse head&shoulder pattern in an 8hr time frame which is a bullish pattern. And you know when USDT Dominanc pumps all the crypto market BTC and Alts starts dumping. This is not a good sign for a cryptocurrency market. Although still, we have two resistance levels 4.90 and 5.22 from there we can expect a reversal. If USDT.D breaks the 5.22 level then it's really really bad for BTC. Stay cautious with your trades and keep your stop losses tight until we get any bullish confirmation. What do you think about this? Share your views in the comment section. If you like this idea then do support it with like and follow. Thank You!
CRYPTOCAP:USDT.DLong
by CoreCrypto1
FTM reverse head and shoulders#FTM/USDT $FTM shaped an inverse head and shoulders pattern in daily time frame and we can see its fractal in right shoulder is another inverted head and shoulders in 4h time frame. 🐮 holding the support zone will increase price to neck line and then resistance zone around $1.4 to complete the 4h H&S. 🐮🐮 neck line of daily H&S is at target of 4h one so break out from this resistance will head up price to resistance zone between $2 and $2.3 to complete daily H&S. 🐻 break down from support zone will invalid this scenario.
Long
by parissap
S&P500 Future OutlookIf this week closes above $4500 for the SP500 it would be a bullish engulfing week. So far, for the past few weeks we've been going sideways between $4400 and $4550 on a weekly closing basis as the volume declines. The volume declining as the price consolidates indicates a bullish outlook. If the bulls maintain the price above $4450 it would put in a Higher Low from mid March which would indicate a continuation of the up trend since we placed a Higher High earlier. In the short term, I'd like to see a retest of $4450 as that would serve as a confluence of support with the trend line extending from the late December 2020 lows. A bounce from $4450 would be extremely bullish as it would indicate that bulls are ready to move out of this range (between $4400 and $4550). Needless to say, a further rally from here would work towards the Inverse Head & Shoulders that everyone's been talking about ;)
ULong
by HaseebKhan_90