Inverse Head and Shoulders
I like this oneI know trading in the monthly timeframe is not fun, but is very reliable. I feel comfortable adding and adding every pullback on patterns of high timeframes. Here we have an inverse HS about to break out. I'll buy and buy until the breakout. Then I'll just let it rip. Strong support at 112, SL triggers if a weekly candles breaks it down and closes below it.
8 year inverse H&S for Nat WestAfter forming an 8 year inverse Head and Shoulder pattern is this the time Nat West breaks out?
Still needs to get ahead of resistance at 325 though.
DYOR and this is not a solicitation to take a trade.
FILATEX - Poised for a 15-30% UpmoveThe stock is in uptrend in Monthly.
It is poised to break out of an inverse head and shoulder pattern.
Entry - 51.15
Target 1 - 59
Target 2 - 64
Target 3 - 69.
Fourth attemptPrice is going for another try to break out the triangle and is doing an inverse HS in the monthly timeframe. If it pulls back I'll buy more. Risk reward is good in this one.
Did you know Carvana is up 15X?! OMG :)Look what we have here.
Incredible price action from this stock..
what should you do if you hold it...
or if you are feeling #FOMO
maybe this idea will help.
Inverse Head and shoulders there for all to see.
H D F C A M CHDFCAMC fut made inverse head & shoulder pattern on an hourly chart with increase in OI suggesting long build up.
Risk:-Reward = 1:3
Could be bought above breakout level of 4219 with mentioned stoploss 7 target.
Trump Media could be this years GamestopI am not kidding!
Political motivated investing could moon this thing
forget P/e's cashflow
This is memecoin style investing on the stock market
Its happened before it could happen again
particularly as we get into the election in November and inauguration in January
#MAGA
SPY Has Finally Now Neared Its Final Target Of 570!Traders,
It feels as though I have been discussing a SPY top at around 570 for years now and I can see from the history of my posts that this is actually true.
I first started with the premise that the U.S. stock market would experience a blow-off top of sorts. Elliot-Wave theory and technicals seemed to support this idea. Though admittedly, I am nowhere near an expert in this area, I went with it, following the technical guidance of those who were.
It was not too long thereafter I spotted something on the charts that I was very familiar with. This pattern supported and confirmed the idea that stocks would blow-off. What I spotted was a longer-term (2 year) inverse head and shoulders pattern. This inverse h&s played out and gave me my target of 570.
2 years later, we are finally almost there.
Targets are not meant to be absolutely precise. Close enough is both good enough in hand grenades, horseshoes, and in calling market tops/bottoms. Therefore, not wanting to press my luck, I have decided to finally start taking some profit and moving to cash. Though, my target definitely could be exceeded, it is also possible that it may not be reached. I don't think the latter will be the case but I have been wrong before and could be wrong again. If I had to guess rn, I'd say this blow-off top could extend to a time frame just before election shenanigans begin. We are already seeing some of the nonsense here in the U.S. and thus, I know time is running thin. Before all hell breaks loose, SPY could touch 650.
And then? Anyone's guess.
Best,
Stew
EURUSD - Secret pattern no one talks about! (big crash coming)In my previous EURUSD post, I analyzed the historical chart (1971 - 2024). You know that EURO is heading for a big crash. If you haven't seen this very important post, please check out the related section down below. You have to see it if you are a real EURUSD trader.
Today, let's take a look at the actual 2023/2024 price action to see what is going on here. We have a secret head and shoulders pattern, that no one knows about. In general, the head and shoulders pattern is a reversal pattern and usually occurs at the top of the trend. These patterns are pretty much never perfect, so it's not always easy to spot them. This one is really hard to see, but I made it easy for you. We have 2 shoulders, and each shoulder is composed of a parallel channel. Neckline / HEAD is in the middle. This is of course an important level and strong support/resistance. Right now, it's a support, but once we break it, it turns into a resistance. Of course, I expect a breakdown on this bearish pattern, so make sure you are prepared for what is coming!
Is it good to short EURO now? Yes. Where to take profit? It depends on how long you want to wait. I have market 3 strong levels on the way down. The first is the neckline of the HaS pattern. The second is the POC (Point of Control) of the previous market structure. The third is the previous major swing low.
From the Elliott Wave perspective, I see a bearish Elliott Nest, that is composed of waves (1-2-1-2). This is an extremely strong fractal because once wave 3 starts, a steep downtrend begins. Usually, wave 3 is the strongest of all waves.
Let me know what you think about my analysis in the comment section, and please hit boost and follow for more ideas. Trading is not hard if you have a good coach! Thank you, and I wish you successful trades.
Will try againThe Dollar index is hitting a major resistance and losing the battle. This pair is forming an inverse HS and will try for third time in tow weeks to break out the upper vertex. I'm not sure if is goin to do it this time but price is sitting om 0.61 support zone. SL triggers if a weekly candle closes below the support.
BTC Possible scenarioBTC is making inverse Head and Shoulder Pattern. if it plays we can see some bullish movement here
BTC Possible scenarioBTC is making inverse Head and Shoulder Pattern. if it plays we can see some bullish movement here
Meme stock alertInverse HS and bullish flag forming. It has already tried to break the 10-11 zone. I think is going to try again. I opened a small long position, not planning to risk much here bc is a meme stock. Just for fun. Also it could find some resistance at 7. Take some profit there.
AUTOLINE, cmp 1331. Inv Head and Shoulders breakout
2. Twice the price target and more.
3. Do your research.
WIF/USDT BREAKOUT DONE! READY FOR A 40% PUMP!!Hey everyone! If you enjoy this content, please consider giving it a thumbs up and following for more analysis.
WIF/USDT breaks out from the inverse head&shoulder pattern in 4hr time frame. After this breakout we can expect a good 35-40% rally from here. Long some here and add more in the dip.
Entry range:- $2.16-$2.28
Targets:- $2.46/$2.72/$3.06
SL:- $2.06
Lev:- Use low leverage (Max 5x)
Breakout in Electronics Mart from Inverse H&S EMIL has had a breakout and successful retest from an inverse H&S pattern on above avg volume day. The Relative strength is also showing an uptick.
Simple Inverse Head Shoulders PatternBull Targets:
- TP 1 87.8k
- TP 2 97.3k
Pre-reqs:
Getting back above 67k and then breaking 71.7k and holding above
Bear Targets:
- 49.1k
- 44.4k
Pre-reqs:
Lose 60k
Good luck!
BTCUSDT - Probable Inverse Head & Shoulders with BUILD UP?!Hey guys!
Market's been really challenging lately, specially for those into Futures Trading that's why I'm going to repeat again. I strongly recommend you SPOT trade instead. So, as for BTC goes, the liquidity absorption is real and to either side!
Where to buy?
1) One would be the rising green zone I've marked but this would mean a drop to about 56k or 52k which is pretty heavy. Still is my favorite scenario.
2) I suspect BTC is creating a pattern right now, just right after the uptrend which could be an inverse head & shoulders one. This pattern forming after an uptrend is pretty strong and bullish. However, we still need to see a proper breakout of the neckline otherwise this idea gets destroyed. So I'd buy the re-test of the breakout if it ever happens.
TARGETS
1) Let it run and there are several ways to take profits partially but I'd suggest as long as the uptrend doesn't break, just hold it and take partial profits at massive supply zones. Otherwise, don't touch it.
This idea is to spot for the long term. This asset is still in balanced mode, there hasn't been a breakout of the range yet. However, it's worth to note it's still a good moment to analyze what could happen to be prepared and take action accordingly.
Hope you find it useful!
Kina Tip of the Day: Remember BTC is the father of Crypto, the rest are just babies that follow big daddy so, don't marry any coin at all except for BTC. That's it.
Keep it shiny ⭐
Kina, The Girly Trader
LayerZero(ZRO) is Ready to Go UPLayerZero(ZRO) has been listed on various exchanges for less than 3 days, and it has been trending downward due to the Airdrop that LayerZero(ZRO) had.
What is LayerZero(ZRO)!?
LayerZero is an omnichain interoperability protocol designed for lightweight message passing across chains. LayerZero provides authentic and guaranteed message delivery with configurable trustlessness. It is a “blockchain of blockchains” that allows other blockchain networks to communicate directly and in a trustless manner.
From the point of view of Classical Technical Analysis , LayerZero(ZRO) seems to have created two Reversal patterns : an I nverse Head-and-Shoulders Pattern and a Falling Wedge Pattern .
I expect LayerZero(ZRO) to rise at least until the next Resistance zone($3.67_$3.50) after breaking the Neckline and Resistance zone($3.17_$3.08) .
Note: An important point you should always remember is capital management and lack of greed.
LayerZero Analyze (ZROUSDT), 15-minute time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
TELEGRAM #TON to $7Inverse head & shoulders
1st cycle coin
Log targets should be met
Note the neckline has been approximated because of the price action
but I think it is good enough for what we need from this chart.
After this trade I retireTrade of trades, I opened a position on Friday, but you're still on time. I'm warning you, you need to be very patient for this and have a unique personality. I'll try to handle it, I already put in my mind that it could take weeks until the break out and no matter what happens I'm holding. I recommend to open a small position and add at every drop or whenever you feel comfortable. Is a long run, is a chess game. Only the persistent will win.
