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Inverse Head and Shoulders

Right on the DOT/USDTDOT/USDT 🟢entry: $18.060- $17.295 ❌stoploss: $17.730 🎯tp1: $28.420- $27.360 🔼potential %profit: +56.57% 🔽potential %loss: -10.66% r/r: 5.31 Hi Everyone, 🥀this trade idea is fairly self-explanatory. i see an inverse head-and-shoulder pattern developing. in addition to the chart pattern, there is significant volume and the left shoulder, the head, and (to a lesser extent) the right shoulder. this price/volume combination strengthens my confidence in the pattern. 🥀i am setting up the entry in a fairly tight range at the right shoulder, between $18.060 and $17.295. 🥀stop-loss is placed at an appropriate distance below entry, although there is not much in the way of price structure to give further guidance in placement. 🥀target exit is at the last point before price dropped off with volume and began to form the left shoulder of the pattern. check back for updates as the position progresses. feedback and constructive criticism is always appreciated. ✌️all good luck and always practice strict risk management!
Long
by TylerPhilip
Bitcoin - Small bull trade ideaKeep it plain, simple and minimize the noise! We nailed our last few trades! :) Sorry for the phone upload, but here we have an inverse head and shoulder retesting the neckline with a bull flag (continuation pattern). If we get our confirmations, my target is around 33k. Also not surprised if we just nuke straight through this, as the market is clearly bearish. At the moment - the market is sideways, choppy and RISKY. I have various different set-ups I'm watching and always waiting for confirmations of each one BEFORE entering a trade. Comment your ideas down below :)
Long
by tradermoth
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