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Inverse Head and Shoulders

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