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Inverse Head and Shoulders

$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
Bitcoin Head & Shoulders Analyse 1DHello, today, we are going to talk about cryptocurrencies. And in this post, we will take a look at Bitcoin (BTC) One of the most famous cryptocurrency is Bitcoin, so, what is he doing? Well, he´s not doing really well, all cryptocurrencies are dipping (falling down), but that doesn´t means to sell!! I found an Head & Shoulders pattern here. The big line that i wrote to the chart is our support. If Bitcoin will cross the line, you have my permission to sell, but it if will don´t cross the support and just touch it, that´s a good sign (for buyers). Otherwise, Goldman Sachs (one of the biggest investment banks in US) predicted that bitcoin will reach 100,000 USD this year. I helped you to take a good look at bitcoin, now, you have to do decision :) Will you use opportunity or will you just go away?
COINBASE:BTCUSD
by TommyTK247
some key trendlines on the current btcusd chart I’m watchingWe can see price action is currently in a falling wedge…if we break up rom the falling wedge sooner than later it can still function as a pennant. If it does the measured move will be the size of the pole instead of the pennant. So based on our yet to be hit inverse h&s target I lined the measured move up for the falling wedge/bull pennant to be the exact same target that the inv h&s target would be to create confluence and give me a rough idea of where the priceaction should break up from the green falling wedge. We can currently see that the neckline of the inverse head and shoulders(in white) is still holding strong support upon the current retest. No guarantee of course that we won’t jsut crash rom here but I’m currently still leaning bullish. Once we can flip the horizontal line near the top back to solid support it should be go time. *Not financial advice*
BITSTAMP:BTCUSDLong
by DrDovetail
Shibu is Looking Primed to Rocket!!! Reasons to be Bullish on Shibu :- 1) Making a Bull Flag :- 2) Inverse Head & Shoulder in Progress :- 3) Retesting Support Zone (SL & Target Price Levels Mentioned) :- Why this trade could fail :- If BTC dumped below, 45k then this trade will fail which i hope not. Therefore, i have mentioned where i am placing my own SL. Rest, I hope you guys will like this educational idea. Also, This is not meant to be a financial advice. Happy New Year everyone and Stay safe and Trade Safely.
Long
by StunnerStock
4