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Inverse Head and Shoulders

AMD: Giving us a Technical Analysis class! MTFA analysis.Hello traders and investors! Let’s look at AMD today, as it has been doing many bullish candlestick/chart patterns all around. It is a real Technical Analysis class. To start our Multi Time Frame Analysis (MTFA), let’s take a look at the 1h chart. First, it triggered an Inverted Head & Shoulders chart pattern, reversing the previous bearish sentiment, and trading above the 21 ema again. A good bullish reversal sign. Now, we see that it is doing another chart pattern called Cup & Handle, another bullish chart pattern, and this reinforces the bullish thesis on AMD for the short-term. Now, let’s see the daily chart for more clues: In the D chart, AMD is trying to trigger a bullish pivot, by doing a higher high/low for the first time since it started its downfall. Recently, the 38.2% Fibonacci’s Retracement worked as a very good support level, and it seems the price respected this point, and it officially did a higher low (higher than the previous bottom near $ 100). Now, we are trying to break the $ 130 area, making it a true pivot point in the daily chart. There’re more clues in the weekly chart: In the weekly chart, we see that the support at $ 99s is a very good one, and when AMD retested it again two weeks ago, it bounced back up, and it did another bullish pattern, called Above the Stomach, which is a quite common pattern, but it seems few know it by its true name. The volume was great, probably among the top 10 highest volumes in the history of AMD. It seems AMD is quite bullish for now, but we must watch out for bearish patterns, and keep our eyes on the next resistance, which is the $ 141. If you liked this analysis, remember to follow me to keep in touch with my ideas. All the best to you.
NASDAQ:AMD
by Nathan_The_Finance_Hydra
BANKNIFTY 15 MIN HEAD AND SHOLDER :)it seems that bank nifty closed today with head and shoulder pattern which is trend reversal pattern which works more than it fails, i spotted head and shoulder pattern with the confluence of trend line breakout and retest tomorrow if market opens gap up it has higher chances to stay bullish or else it might give some short of consolidation before continuing the direction.i hope this will help u understand the movement and market structure.once again this is not 100% confirmation of market movement,this just my study as per my experience so please take it as a reference and do your own analysis before taking trade.thank you guys :)
NSE:BANKNIFTYLong
by yatinp32
RNDRUSDT is creating an inverse head and shouldersThe price could create an inverse head and shoulders if the price is going to retest again the new daily support (after the breakout) As you can see the price respects the daily dynamic resistance How to approach? IF the price is going to have a breakout from the dynamic and daily resistance, According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ––––– Follow the Shrimp 🦐
RLong
by InkyGrip
23
LUNAUSDTINVERTED HEAD AND SHOULDERS PRICE ACTION This chart pattern starts forming with bears already in control of the exchange rate's downtrend. As bulls enter the market, they are tested by the bears at three different occasions, the first and third ones are around the same rate, and the second one being the strongest push performed by the bears. After the third bulls' successful reversal, they finally break the neckline created by the bears, and the exchange rate starts an uptrend. Let's break down the pattern formation! In a downtrend, price action finds the first resistance (1) that forms left shoulder's low. Price action reverses direction from the first resistance (1) and goes upwards till it finds the first support (2), completing the left shoulder formation. Price action reverses direction from the first support (2) and goes downwards till it finds the second resistance (3) that forms the pattern's head, which must be lower than the first resistance (1) Price action reverses direction from the second resistance (3) and goes upwards till it finds the second support (4) that completes the head formation, which will be around the same rate of the first support (2) Price action reverses direction from the second support (4) and goes downwards till it finds the third resistance (5) that forms the right shoulder's low, which will be around the same rate of the first resistance (1). The pattern is completed when price action reverses direction from the third resistance (5) and goes upwards till it breaks the neckline at point (6) Entry: after breaking the neckline at point (6), either with an entry after the breakout, or after a possible retest of the neckline. Take profit: identified by measuring the vertical distance from the head (3) to the reversal point from neckline that initiated the right shoulder (4), that measurement is then applied from the breakout rate (6) Stop loss: can either be the neckline breakout rate (6), or the right shoulder's low (5)
Long
by Adam-Robinson
20+ pips bagged, more projected moves below.Price is likely to come all the way down to hit 1.34500/1.34400 then bullish all the way to the next psychological level @1.3550. This projected move has a very high probability of occuring so watch out. Don't buy just yet, our bearish move isn't quite complete yet because at the moment. price in H1 got stuck in the 200EMA and it's gathering volume to break that level hence the consolidation. Hopefully Jolts Job openings provide the necessary volume we need to make this analysis happen. We have another strong pattern that supports this analysis and as you can clearly see on the chart. It's our favourite pattern the inverse Head and Shoulders pattern. We're waiting for our Last shoulder to form before taking those buys💯.
Long
by LaBOSS_FX
We Got A Funky Head And Shoulders On Gold. Will It Play Out?Looking at the 4-Hour view on Gold, we see that we have a potential inverted head and shoulders pattern playing out. However, we have not yet seen a retrace to the neck zone (Labeled on the chart ). As we are Breakout/Retest traders, we always always always like to see a retrace back to where the initial break out occurred from before we considered entering. The extreme price of the head is at the 1782.6 support level, and for the past few days, we have been expecting the price to trend slightly higher based on the divergence the histogram of the MACD has been showing. We have seen sellers weakening. We have also been expecting the price to push the 1810 point; old support flipped resistance. We also see a nice trend line moving upwards following price. This suggests bullish movement. We also notice volume decreasing, suggesting that a strong move could soon be on the cards. So play this carefully. Always wait for a setup to present itself and come to you. Never FOMO into a position. A retrace to the Neck zone would be where we would enter a long position. If we see no retrace and price heads towards the 1810 level without coming down to retest the trendline and neck zone, then no setup = No entry. A retrace to the neck zone and trendline would provide a safe entry with a RR of 1/4. The target would be the 1810 zone.
OANDA:XAUUSDLong
by TheVortexTrader
Bond Broadening - in 3DVolatility is the name of the game as the major indexes were in a big range all week. The Nasdaq is testing it's 2 hour UBB with a Bull Flag under resistance. The Russell 2000 also has a Bull Flag after finding 2hr LBB support, setting up a potential Lower High under the 2h 50 SMA. The Bonds gave back the bull break during the FOMC meeting and are now showing a choppy head and shoulders, on the 30 minute, which does not have the nice rolling shoulders. The weekly iH&S neckline remains a point of control.
TVC:US10Y
by Pennywick