Inverse Head and Shoulders
DOGE/USD Inverted Head and Shoulders at PCZ of Bullish ButterflyWe are at a PCZ of a Bullish Butterfly printing a Potential Right Shoulder of an Inverted Head and Shoulders Pattern Visible on the Weekly with a bit of Bullish Divergence to top it off.
My Stop loss will be below 10 cents and my TP will be above 30 cents.
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.
EOS inverse H&S and bearish flag#EOS/USDT
$EOS 15 min
🐮 inverse head and shoulders can increase price to upper line of parallel channel.
break out from parallel channel can increase price to 0.5 fib level of daily swing down around $2.3
🐻 rejection from upper line or middle of channel can shape bearish flan and drop price to $1.78
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
🐂EUR/JPY LONGEUR/JPY has shown bullish signs on higher timeframes as price broke major previous highs.
The market as pulled back, retested previous lows, pushed up breaking previous highs and has started to form what looks like an inverse head & shoulders.
With the EUR value rising and JPY still in blood bath, it only makes sense to take this continuation.
Profit target are marked in red.
OANDA:EURJPY
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 .
DAR completed inverse H&S#DAR/USDT
$DAR pumped and increase more than 240% from our entry ✅
now price completed invers head and shoulders pattern.
🐮 if bulls can't break out from current resistance zone, probably price pullback to support zone then continue its ally to resistance zone between $0.5 and 0.618 fib levels of whole swing down.
🐻 break down from support zone can drop price to ascending support line.
Telsa InverseHead&ShouldersSupport at to of red band. Inverse Head & Shoulders formation.
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HOT ready to fly#HOT/USDT
$HOT broke out from long term descending resistance and dropped to ascending support.
🐮 holding this support can increase price to resistance between $0.0054 and $0.0062.
if price continue its rally to break out from resistance of $0.0076 it can reach $0.01 to complete the inverted head and shoulders.
🐻 break down from ascending support will drop price to $0.004 and even $0.003.
ENS inverted H&S#ENS/USDT
$ENS shaped an inverted head and shoulders pattern.
🐮 price can increase more to touch the descending resistance that is the neck line of inverted H&S then head up to resistance zone between $26 and $28 to complete this pattern.
🐻 break down from ascending support will invalid this scenario.
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
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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.
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Thank You!
ALGOUSDT iH&SSupport on ALGO touched. Easy to put a stop loss with massive potential gains.
SL should be around 0.67$
Inverted Head & shoulders on daily.
Hidden bull divergence on MACD histogram and RSI on daily.
4H showing a partial decline with 3 rising valleys with hidden bull on MACD.
1.54$ is the first level second should be 1.83$ 50% fib level.
DOT bearish flag of inverse H&S?#DOT/USDT
$DOT is below middle line of parallel channel.
🐻 if price hold the resistance of middle line of parallel channel and break down from lower line, this move can act as bearish flag and price will drop to support zone around $16.
🐮 if price break out from middle line we can see an inverted head and shoulders patten and price can head up toward resistance zone around $22.
Massive Inverse Head and Shoulders on SPY!!!!!!!! Super Bullish Looking at this massive inverse head and shoulders on spy, Using a fib ext we could see the breakout from the right shoulder up to 465 with the next Pocket up around 510!!! this all aligns perfectly with witching in June, All indictors say its a go, Stoch and MACD are also ready for an up move