Inverse Head and Shoulders
ATOM/USDTActive Trade Set up
Outperformed the Macro
Created the Bullish Bat Harmonic at the 0.886 retracement sprung and backtest of spring (type 2 return) On an old inflation point from history
Hidden bullish divergence develops at the PCZ of the harmonic where it just happens to have also created an inverse head and shoulder pattern
#STMX Perfect Target Hit!As expected STMX did exactly my pattern and hit our last target.
Soon new chats...
5 consecutive daily candle closes above the xrpusd inv h&sThis may be most valid on the 3 day chart but we are looking at it on the 1 day. We can also see the 50ma(in orange) rising up to eventually break above this enckline as well. If the breakout hasn’t been confirmed before then, the 1 day 50ma should do a solid job of catapulting it up towards the measured move target. Barring any crazy black swan events of course. *not financial advice*
Axie infinity got a triple bull storm brewing. Much like ethereum, Axie Infinity has an Adam and Eve double bottom, a larger standard double bottom, and an inverse head and shoulders all rolled into one. Unlike the ethereum inverse head and shoulders, the one here on axie may not be valid as it does appear that the right shoulder has a slight wick lower than the wick of the head…but if the inv h&s pattern on this one is not valid, we should still reach its target and beyond on the way to both of the double bottom targets… unless of course some major black swan event were to occur and cause a massive sell off. Barring that, probability is favoring the bulls on this one. *not financial advice*
GBPUSD | Live position review | Follow-up detailsIn the last couple of hours, we witnessed a retracement into the neckline of the inverse head and shoulder pattern identified on the 4H time frame and this appears to be a confirmation for bullish momentum if the price does not break below the bullish trend line.
Risk Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
GBPUSD | Live position review | Follow-up detailsGBPUSD positions appear to be doing well at the moment as we currently experience over 70pips moving in our direction. But it's not yet a tangible reason to be excited as the current structure needs confirmation in the form of a retest/rejection of neckline @ 1.32 to the upside to seal the uptrend continuation. See my previous video on this for further details (see link below)
Risk Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
GBPUSD | Live position reviewThis is a follow-up detail of the video I published on this pair during the weekend (see link below for reference purposes). It appears as though the price is about to break out of the neckline at $1.32 which shall be our confirmation for bullish momentum.
Risk Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
#STMX Inverse HSHIn Daily Timeframe we seen a massive inverse Head and Shoulder.
We close above the neckline and already retest it
Expecting a massive pump in the coming weeks for STMX
Bitcoin - Short term bull ideaKeep it plain, simple and minimize the noise!
Inverse head an shoulders forming on the BTC 1hr timeframe, this is a bullish pattern.
This may give a big enough of a push to crack through that 42k resistance.
Will be interesting to see what happens if it cracks the 42k resistance... will we fake out or continue to 45k? Only time will tell!
There is also a bearish short term set-up im watching, will link it to this. (this inverse h&s is within that pattern)
* * At the moment - the market is sideways, choppy and RISKY * *
I have various different set-ups (short-mid-long term, bear & bull) I'm watching and always waiting for confirmations of each one BEFORE entering a trade
Comment your ideas down below :)
GBPUSD | Perspective for the new weekA reversal pattern was identified on the 4H time frame as the pound appears to have bounced up to erase previous losses in recent time.
Tendency: Uptrend (Bullish)
Structure: Supply & Demand | Trendline | Reversal pattern (Inverse Head and Shoulder)
NB: This speculation might be considered to make individual decisions on the lower timeframe.
Watch this space for updates as price action is been monitored.
Risk Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
GBPUSD: Inverse H & S Pattern Near Completion! Price has rejected the strong psychological support located at 1.30000 level. The inverse head and shoulder pattern might be completed in the coming week on the daily chart, after which the price might likely target the next high located at 1.34100 region.
However a move beyond 1.35000 looks unlikely at this moment, as the pair faces stern resistance at that level. A long trade can be executed shall this pattern be completed. the stop loss should ideally be placed below 1.30000 psychological support with the take profit target be placed at 1.34100. The entry should be done at 1.32000 level to achieve 1:1 risk to reward ratio.
The inverse head and shoulder pattern is said to be completed when the daily candle closes above the neckline!
Cheers, I hope you find this insight helpful. Please LIKE & FOLLOW for more insights into major currency pairs.
WKHS - bottom is inAfter hitting a high of 42.96 on 4 Feb 2021 (more than a year ago!), WKHS was on a long term decline until recently when it looked like WKHS has finally bottomed out, forming a mini inverted Head & Shoulders pattern and has since broke up decisively above this neckline yesterday.
Any near term pullback is likely to be supported at the neckline @ 3.90. And when this happens, it would provide a 2nd opportunity to long at low risk.
Initial target is at 5.20 (inverted H&S target). I'll put initial stop loss several ticks below the neckline @ 3.90. We do not know how much it can recover (am certainly not expecting anywhere it's ATH of 42.96 lol). Trail stops up along the way and let's see how far it can go.
Disclaimer: TA is about improving our odds of a successful trade (not a guarantee). This is just my own analysis and opinion for discussion and is NOT a trade advice. Please your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Cheers.
inverted HNS/BOTTOMBottom had been found seemed strong and bulls are stronger.
Witnessed inverted Head n Shoulders.. it’s playing so damn well and now bulls are taking over.
1.31920 area need bulls breakout; IF Happens then will hit 1.3800
If 1.3800 Breaks then Road to recent ATH
If ATH 1.42270 breaks then will go even higher.
Comment if I miss anything; use your own analysis and GU is officially bullish and bottom had been called/Found.