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Inverse Head and Shoulders

Predicting Tesla's Future Price - Comparing Historical PatternsToday we compare Tesla's current candle patterns to a prehistoric falling wedge candle pattern found on Bitcoin on July 15th, 2021. I'm a big fan of history repeating itself so I decided to take a deep dive on the similarities between both charts. They indeed look quite similar. I traced both candle patterns in white, and you can see that Bitcoin printed a falling wedge pattern. Tesla still seems to be printing it's wedge pattern which is slightly different. Inside Tesla's candle pattern formation, it has formed a diamond bottom pattern, a inverse head and shoulders, and a triangle wedge. The diamond bottom is a bullish trading pattern indicating a possible reversal of the current downtrend. The triangle wedge does not seem to be complete yet. I am hoping for it to be a falling wedge pattern just like Bitcoin's because that is bullish and we can see the price of Tesla go over $900 dollars, and attempt to get to $1000 by September. That is a 50% increase in value! :D If it becomes a rising wedge than that is bearish, and the price of Tesla can continue falling close to $500 dollar zone. I believe that we will see more bullish momentum in the stock market at least until September. Some stock's have been falling since last July, and most stocks started to fall last November in 2021. I find it hard to believe we will continue falling all year but if we do fall again it will be sometime in October or November in 2022. That being said, happy trading!
NASDAQ:TSLALong
by Trebor_Namor
6
Stellar XLM - Prepare your buy orders! + 0.618 FIB + Wedge XLM is very close to the 0.618 FIB retracement of the huge Impulse wave from 2020-2021. Also the price is close to a massive horizontal support line from 2020. I expect last wave to the downside to finish this downtrend and then I can see at least a retracement back to 0.25 USD. As per my Elliott wave analysis - an impulse wave to the downside is almost completed as you can see. If we take a look at the volume indicator, we can see there is absolutely no bearish pressure, which is always great to see. On the weekly chart we can spot a falling wedge - bullish reversal pattern and the price is currently near the support line. You can set a limit order to buy XLM at 0.0888 USD if you want to speculate on this move. Look at my ideas about interesting altcoins in the related section down below ↓ For more ideas please hit "Like" & "Follow"!
Long
by UnknownUnicorn2537518
3
$BOX seems to be recovering from its pullback?Notes: * Steady up trend * Great earnings track record * Forming a cup and handle like pattern on the monthly time frame for the past ~4years * Held up relatively really well while the tech sector was being destroyed * Currently bouncing off its 200 day line and now its 50 day line * Also forming an inverse H&S pattern and broke out of it * Bouncing off its 50 day line with higher than average volume and printed a pocket pivot * Historical resistance comes in around $29.79 Technicals: Sector: Technology - Software - Infrastructure Relative Strength vs. Sector: 1.74 Relative Strength vs. SP500: 1.72 U/D Ratio: 1.0 Base Depth: 45.87% Distance from breakout buy point: -17.22% Volume 3.69% above its 15 day avg. Trade Idea: * You can enter now as the price just bounced off of its 50 day line with higher than average volume and also printed a pocket pivot. * If you're looking for a better entry you can look for one around the $26.59 area * This stock usually has local tops when the price closes around 15.27% above its 50 EMA * Consider selling into strength if the price closes 15.07% to 15.47% (or higher) above its 50 EMA * The last closing price is 2.86% away from its 50 EMA
NYSE:BOXLong
by HaseebKhan_90
STPTBTC - 20 000% opportunity! + Huge Base / Head and shoulders!- We have a massive base on the weekly timeframe / inverse head and shoulders! - If you love bases as much as I do, then this is definitely your opportunity for great gains! - Volume looks solid, no bearish pressure and we have a massive volume spike, which is always good to see. - The price is currently above the POC level, so we can expect a pump any time soon. - You can buy a breakout above the base for a safe trade with confirmation. - Look at my ideas about another interesting altcoins in the related section down below ↓ - For more ideas please hit "Like" & "Follow"!
Long
by UnknownUnicorn2537518
5
Long $FTT. Simple Risk/Reward Play. [#TheCryptocracy]FTT will definitely outperform BTC in the short term, and I think it will breakout against USD as well. I am using this as an opportunity to get some ez btc & usd via leveraged longs, and have set a tight stop below diagonal support. Looks prime to me overall, and it could be a potential bottom w/ a inverse head and shoulders, making this play a great entry for long term until proven otherwise. NOT FINANCIAL ADVICE. DYOR! GL :) #TheCryptocracy
FTX:FTTUSDLong
by dropaganda
ALTCOINS BULLISH RALLY AHEAD IF? Hello everyone, if you like the idea, do not forget to support with a like and follow. Welcome to this Total3 market cap update. Total3 generally indicates the market cap for all Altcoins excluding BTC and ETH. Now let's get to the chart. Total3 is forming an inverse head and shoulder pattern here where the breakout of the neckline is still pending. Once it breaks the neckline we will see a pretty good rally in Altcoins. I'm expecting a bullish rally in Alts in the month of July and August. All i"m waiting for is to break this neckline. Let's see how it goes. What do you think about this? Do you also think that we might see a good rally in Alts in the month of July and August? Share your views in the comment section. If you like this idea then do support it with like and follow. Thank You!
CRYPTOCAP:TOTAL3Long
by CoreCrypto1
Short Term Setup For NETFLIX – Inverted Head & ShouldersHi Traders, Looking at Netflix in the 1-hour time frame. I see an inverted head & shoulders setup. There is divergence on the MACD Histogram as well as the MA lines and currently, the price is making its way above the neck zone. We have some nice bullish volume to accompany this break and close above the neck zone. If we see a calm retrace down to the neck zone, I will consider taking a long position with my targets being previous structure that has not yet been tested. Have a good Trading Monday, The Vortex Trader
NASDAQ:NFLXLong
by TheVortexTrader
$AAPL Apple Inc Stock is giving MEGA Bullish Patterns$AAPL Apple Inc. is showing multiple bullish indicating reversal patterns. Lots going on in this chart lets review: 1. I'm spotting a FALLING WEDGE (marked in white). This could drop lower and tap the bottom trendline on the wedge for a third time before reversing, however, it held the $135.50 support Friday indicating a higher probability for upside. The first target/resistance level on the falling wedge is marked in white horizontal line. 2. Diamond bottom pattern is forming. Any sideways movement will only mark the probability of this pattern higher for a breakout. 3. Inverse Head & Shoulder. IF THE FALLING WEDGE reaches the first target and rejects, that will form another neckline to a inverse head and shoulder and the rejection could form the right shoulder. So far there is a more slanted inverse h&S that has currently formed on the chart, in addition, the selling volume is highest on the left shoulder indicating a textbook inverse H&S. The RED bar marked near the top of the high is a GAP. I'm adding APPLE to the top of my watch list for Tuesday morning and I will be observing these patterns closely for breakouts. Apple has taken a big hit as all of the tech sector has in the stock market. As far as fundamentals, no brainer that Apple is a leader in TECH.
NASDAQ:AAPLLong
by ChaldeaCode
BTC Month chart from july 2022/april 2024 Theory. If BTC do an Inverse H&S, would play out as going towards $60k end of year 2022, retracing to $30k between the coming months of 2023, consolidating and uprising towards $60k again breaking up. end of target $98k. RSI, would rise like 2018 meaning we had reach $60k or close to it. then consolidating to areas of not oversold but lower. similar as 2018. gaining momentum as we try breaking ATH. for setting a nice 92/96 RSI new ATH BTC-Bitcoin Halving is set for 2024 april 2 or sooner. by that time we should be ready for the bull market, real price discovery might happen 2024. Reason. we had force selling from miners. china ban./ then having leverage force selling. $$$ on sidelines waiting to play this monthly pattern. not looking at daily or weekly. Moving Average would act as support for a while during $35k weekly chart. if IH&S plays out. Final target $130k? then Correction A.K.A Bear market? RSI lines are for MONTH. ignore Weekly
BITSTAMP:BTCUSDLong
by Dcnanox
4
TNX-The chart you should be following very, very closely!!!I posted about TNX at the end of March and warned that we were in unchartered territory. At that time, TNX had bullishly crossed the monthly cloud which was something it had not done during my lifetime nor probably most traders lifetimes. We are just about to quarter's end (June 30th) and you can see a clear breakout on an Inverse H&S is occurring. I see nothing but tailwinds for this chart within the next 2 weeks so I don't see how we don't close the quarter above 3.056. The measured move implies a target on TNX of 5.502 with the ability to "wick" above to 6%. Debt is becoming more & more expensive by the quarter and it's all happening very, very quickly. In addition, have a look at the quarterly charts of Wheat, Rice, Soy, Corn & Oil...all of them look to be either breaking out on the quarter or they are just bullish AF. Inflation, as it relates to what is most essential in life, has not peaked...
TVC:TNXLong
by Vixtine
7