Get started

Inverse Head and Shoulders

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