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Inverse Head and Shoulders

Swing trade atleast 20% returnHi All, Please refer chart for detailed explanation on technical analysis. Current price is low as compared to book value also there are high chances of Target 2. I will be buying at all support zone because I'm very much sure that it will reach around 160 levels in few months. For long term it can also go up to 200 levels. You can also check my ITC trade for 25% return. Link is shared below or else you can visit my profile and check all the Ideas which I have shared. If you think my analysis is helpful than please do like my idea. For future reference do follow me so that you do not miss any of my analyses. Feel free to leave any questions you have in the comments! I will gladly respond to them. Hopefully, this helps you out a little bit. Please make your own research before investing. P.S: This is not an investment advice. This chart is meant for learning purposes only. This is my personal viewpoint so please Invest your capital at your own risk
NSE:SCILong
by RohanLakhani4
$SPX Inverse Head and ShouldersS&P500 15m TF Major Reversal Pattern confirmed with the textbook Inverse Head & Shoulders pattern printed on the 15m TF overnight in the US. Initially gapping down price almost hit the Fib Retracement 0.236 before the buying started which now has me thinking that inflation worries are now being priced into the market. Where to from here? A rally IMO would consist of a short-term consolidation (Sideways Movement) until Fed Meetings have agreed on an outcome regarding rates before a rally towards the Former Daily Support Zone which I now consider a Daily EQ (Equilibrium). A failure to break this level would likely see a retracement back towards the Fib Retracement 0.236 and a continuation towards Support. RSI on the Daily TF is indicating oversold and a momentum shift from here would most likely print Bearish weakness on MACD, which in turn may give us confluence of indication of a short/long-term Bullish rally. Alot is still unknown yet and I implore correct Risk Management and Position sizing in a time of unknown and volatility.
SP:SPX
by Trader_Johnni
Cardano ADAUSDT - Entered bearish territory + Head and Shoulders- Cardano is not looking good at this moment. - We have the lowest new weekly candle with low at 0.917, which is the lowest value since 22 February 2021. - Head and Shoulders pattern just broke down with strong momentum! - Also the impulse Elliott Wave finished with 5 waves successfuly. - The price is below the main trendline established in March 2020. - Next support is 0.39 USD, which is another drop about 63%.
Short
by UnknownUnicorn2537518
4
IWM [Russel 2000] Inverse Head & Shoulders & BreakoutThe IWM as seen from the chart has been forming a solid and strong Inverse Head & Shoulders. An Inverse Head & Shoulders is a strong Bullish Chart Technicals Pattern, that can be seen here. 2 Shoulders, and 1 head in the middle, making the low. I am sharing this idea, as it is a pattern which has been printed on the Russel-2000 this past week, and can't go unnoticed! The Russel-2000 Index has also been in a YEAR-long consolidation, and is ready to make a move one way or another. On the weekly time frame of the Russel, the TTM_SQUEEZE Indicator a momentum indicator that can also predict big moves has been flashing red (signaling squeeze) and that a big move is coming one way or another. AFTER This recent breakout attempt in November from IWM, and a retest of the bottom consolidation levels, the russel seems ready to bounce up with this inverse head and shoulders, or make a break down. I think this is something to definitely keep on your radar folks! Good Luck Trading! I am personally looking at playing this with either : IWM febuary monthlys OR $URTY a 3x leveraged russel ETF
AMEX:IWMLong
by ZachSap
$CE / LongScan Criteria Does this stock meet my custom 12 point scan criteria? Yes, came through on my 40/40 Sales and Earnings Scans Structural Checklist 1. Can a proven price patterns be identified? Yes, Inverse H&S / CWH 2. Is the 50D SMA trending up? Yes 3. Has price moved >20% since its last consolidation? Yes 4. Is the weekly RS above its Zero Line? Yes 5. Does price action suggest the stock is consolidating / digesting the recent price move? Yes 6. Is the price consolidation longer > 20 days? Yes 7. Has price volatility contracted from left to right? Yes 8. Has volume volatility contracted from left to right? Yes 9. Are there visible signs of demand within the base? Not obvious 10. Are there visible signs supply has been absorbed? Yes Pivot Buy Point (Last 3 Bars) 1. Is there a visible Tight Zone? Yes 2. Have there been 3 Tight Closes? Yes 3. Has there been a Constructive 3 Bar Correction? No 4. Is there a Bullish Inside Bar? No AND 1. Has volume dropped dramatically? 2x blue dots in the last 4 bars 2. Can risk be managed under 8% in one of 3 ways? Yes Scan Score (Minimum 12/12) All Trading Dirty stocks have a Scan Score of 11 Structural Score (Minimum 7/10) 9.5 Entry Score (Minimum 1/4 then 2/2) 3.5
NYSE:CELong
by TradingDirty
CRVUSDT is testing the breakout!The market is creating an inverse head and shoulders below the 4h resistance. right now the price is testing the breakout from the dynamic resistance and 0.382 Fibonacci level. If the price is going to have a breakout from the 4h resistance and 0.5 Fibonacci level, we can apply our rules to open a new long position with a very nice risk reward ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure.
Long
by InkyGrip
8
TLM/USDT TRADE SETUP! 70% PROFIT EXPECTED FROM HERE!!Hello everyone, if you like the idea, do not forget to support with a like and follow. Welcome to this CHR /USDT trade setup. TLM looks bullish here. Breaking out from the falling wedge like structure and also from an inverse head & shoulder like pattern. Currently, retesting it. So it's a good to buy some here at the retest. Entry range:- $0.175- $0.185 Target1:- $0.204 Target2:- $0.236 Target3:- $0.258 Target4:- $0.3 SL:- $0.158 If you like this idea then do support it with like and follow. Also, share your views in the comment section. Thank You!
Long
by CoreCrypto1
2
GDX: Inverted hand and shouldersGold usually performs the last month of the year, entering a strong seasonal phase. Gold miners tends to anticipate gold's move. GDX is a Gold miners ETF . The price is currently reaching a resistance level. Should we be bearish? Not necessarily. If you look at the chart you can see an inverse head and shoulders , also called a "head and shoulders bottom". This pattern is similar to the standard head and shoulders pattern, but inverted. Investors typically enter into a long position when the price rises above the resistance of the neckline , which is currently between 33 and 33.64. As for the target, you measure the distance between the bottom of the head and the neckline of the pattern and use that same distance to project how far price may move in the direction of the breakout (see green arrow). The target I have is about 37.74. The pattern is only confirmed when the neckline is broken. If so, don't expect the price to reach its 37 target immediately. I have placed all the resistance lines on the chart. Trade safe!
AMEX:GDXLong
by Elpidaldo
$JD Inverse Head and ShouldersNew trader here, would greatly appreciate any feedback on my rudimentary analysis. I have been watching $JD and am proposing the potential development of an Inverse Head and Shoulders pattern. I would now be looking for a pullback from the neckline (top purple box ~$71) to the shoulder line (middle purple box ~$65), before a break of the neckline to enter a long position. I still haven't really nailed the best way of setting targets but suppose you could use a risk reward SL-TP . Additionally, based on another community post, I have been exposed to a bullish signal within the RSI indicator forming inline with the pattern. Thanks in advance. *Not financial advice*
NASDAQ:JDLong
by Angus_Ed