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Invertedheadandshoulders

Can Bulls Flip GU "On Its Head" @ 38.2% Level?Last week we saw FX:GBPUSD attempt to Break Above the 1.25 Resistance Zone that its been struggling with since November 2024 and was sent back down underneath following the Fed's decision to Hold Interest Rates. We can see that Price so far seems to be following a Head & Shoulders layout where Price now is declining down to the Low that formed the "Left Shoulder" @ ( 1.23745 - 1.23518 ) What makes this Price Range so favorable is that if you take the Fib Retracement Tool from the Low of the "Head" @ 1.20991 to the 2nd Touch of the "Neckline" @ 1.25232, the 38.2 % Retracement Level lands right at the potential Support level of the "Left Shoulder" -If Price finds Support at this level, we can suspect the Low to form the "Right Shoulder" then for Price to work back up to the "Neckline" for a Break and Close for Confirmation of Pattern to then look for more Buying Opportunities! *Price Breaking and Closing the Neckline, signaling Confirmation of Pattern, will deliver a 90% Success Rate to the expected Bullish outcome. *Watch for Increase in Volume after Price is Successfully Supported by Low of Left Shoulder and RSI to maintain Above 50! Fundamentally, GBP: Final Manufacturing PMI - Monday Final Services PMI - Wednesday Construction PMI/Bank Rate - Thursday USD: ISM Manufacturing PMI - Monday JOLTS - Tuesday ADP Non-Farm Employment/ISM Services PMI - Wednesday Unemployment Claims - Thursday AVG Hourly Earnings/ADP Non-Farm Employment/Unemployment Rate - Friday
Long
by Novi_Fibonacci
Energy Fuels Stock: Potential Reversal Ahead?AMEX:UUUU After reaching a low of $0.78 in March 2020, AMEX:UUUU has been on a recovery path. Currently, it's forming an inverted head and shoulders pattern, with the key neckline at $7.47. A breakout above this level could signal a move towards $9.73. However, watch out for the bearish alt-bat pattern near $9.73, which could lead to a pullback. Stay alert for key price action and adjust your risk accordingly. ⚠️ Note: Any violation of the $4.19 support would invalidate the projected patterns in this idea.
AMEX:UUUULong
by Andre_Cardoso
Weekly Range bound | 4H swingFellow trader, Eicher motors has broken the range bound market in weekly timeframe, and now the market is re-testing. Aggressive entry : Whoever enter the market immediately after the breakout Conservative entry : Whoever enter after the market re-test. The weekly range bound breakout target is 5684 & the SL for the same is 4548 Now in the re-test, there is a clear formation of a swing in 4H/1D timeframe, after a inverted H&S pattern breakout in 1H timeframe consider to enter the trade based on this swing. Considering the pattern of Weekly or 4H time frame trade can be taken, the SL and Targets are in the chart. The Risk : Reward ratio for the swing is 1:4.47 Sensibull : sbull.co
NSE:EICHERMOTLong
by the_paradox
$NYSE:NRGV poised for a breakout with multiple Price TargetsThe global push towards a cleaner energy future is accelerating, but a significant piece to the puzzle remains: the intermittency of renewable energy sources like solar and wind. This challenge has fueled a market for energy storage solutions. Energy Vault ( NYSE:NRGV ) develops sustainable energy storage solutions designed to utility-scale energy storage for grid resiliency. The company's proprietary, gravity-based Energy Storage Technology and the Energy Storage Management and Integration Platform are intended to help utilities, independent power producers and large industrial energy users. The company recently announced a significant 1.0 GWh energy storage project in Australia, which was highlighted by the CEO in a recent interview with MarketBeat's Bridget Bennett. Energy Vault's most recent project serves as a testament to its unwavering commitment to global expansion, underscored by the recent recognition it received from TIME magazine as one of the Best Inventions of 2024 for its groundbreaking gravity energy storage technology. Analysis Looks like this is setting up to break the $2.56 resistance line. Observations: This appears to be ready to break out of multiple patterns, which will present multiple near term price targets $1 upside (~$4)... very close to the head and shoulders pattern PT of $3.80. Falling wedge pattern PT of $7.17 - Squeeze momentum is building and firing. - Current volume doesn't come close the the recent spike, but it is above the MA volume. Entry Point ~$2.60 (or above) - after a closing above the $2.56 resistance
NYSE:NRGVLong
by dzygadlo
5
$NVDA inverted h&s 4H daily. Short term play. I grabbed 200 cons of 150c for 1/3/2025 avg. @.17. I may be crazy but I’m fun. Should see a burp to $140. $135 very very strong. Low volume today and the whole market reacted the same way so not really too worried. Looking to see where we are New Year’s Eve with a shortened week once again but the tendency seems to be super boost before a holiday. Day before Thanksgiving and day before Christmas the market went big green but we have a full day NYE not half. Also within that tendency there seems to be some type of dip prior. Interesting to watch. Strong close 12/27. We’ll see, we’ll see. I’m manifesting $140 Monday and $144 Tuesday and I’d sell 150 contracts. I’ll be in touch. WSL
NASDAQ:NVDALong
by wallstreetloser001
Inverted Head & Shoulders, Cup & Handle, Bull Flag GME DailyHey, everyone. It's that time again for the latest market update on GME. The charts are buzzing with activity, and we have some exciting developments to share. Currently, we are trading within a substantial Bull Pennant on both the 15-minute and 1-hour charts. This indicates strong consolidation and potential for a significant move upwards. Additionally, we have a Bull Flag on the 4-hour chart, adding to the bullish sentiment. On the daily timeframe, we've formed an impressive Cup & Handle, an Inverse Head & Shoulders, and a Bull Flag for the handle of the cup. These patterns are powerful indicators of potential upward momentum. But that's not all! We are also in the midst of a significant Golden Cross on both the daily and weekly charts. This crossover of moving averages is a strong bullish signal, suggesting that we could be on the verge of a major uptrend. Here’s a detailed technical breakdown: 15-minute chart: Bull Pennant 1-hour chart: Bull Pennant 4-hour chart: Bull Flag Daily chart: Cup & Handle , Inverse Head & Shoulders , and Bull Flag Weekly chart: Bull Flag & Golden Cross For those who are new to these updates, it's worth noting the historical context: The last time GME had a Golden Cross on the weekly chart was back in January 2021. Following that, GME saw an incredible 12,000% run over just 183 trading days. With the return of the Kitty and all systems go across all timeframes, the stage is set for a potentially explosive movement. Stay tuned and be ready for what promises to be an exhilarating ride.
NYSE:GMELong
by impossiblebull
GBPUSD (H1) Analysis: Gearing Up for a Bullish ShiftGood day Traders, Trust you are doing great. Below is my analysis of GBPUSD. Trend & Sentiment GBPUSD, currently trading at 1.26666, shows signs of a potential bullish reversal. After failing to break the recent low at 1.25966, the pair has started forming higher highs and higher lows, signaling a shift in market dynamics. A clear inverted head-and-shoulders pattern has emerged, strengthening the case for an end to the bearish trend and a possible move to the upside. Key Levels Resistance: 1.26952, 1.27561 Support: 1.26342 Possible Direction Bullish movement The first target is 1.26847, as long as the price holds above the key support at 1.26342. Price may face resistance at 1.26952, but strong buying momentum could drive it toward 1.27504 and further to 1.27800, completing trade objectives. Reversal Risk A break below the support at 1.26342 could invalidate the bullish scenario, leading to a potential decline toward 1.25732, where a stronger reversal might form later. Conclusion The outlook is bullish, with targets at 1.26847 (short-term), 1.27504 (medium-term), and 1.28161 (long-term). A sustained break above resistance levels would confirm the reversal, while a drop below 1.26342 would delay bullish momentum. I would appreciate your thoughts. Cheers and happy trading!
Long
by Samuel124
7
ApeCoin(APE) is Ready for Pump Again(+40%)Today, I want to analyze the ApeCoin ( BINANCE:APEUSDT ) project for you, which has increased by more than +100% in the last two or three days . The question here is whether APE can increase again ❗️❓ The recent surge in ApeCoin (APE) price in October 2024 is due to several key factors. The most prominent is the launch of ApeChain, a new layer-3 blockchain developed by Yuga Labs, which operates on the Arbitrum network. This blockchain allows for easier management of NFTs, transactions, and decentralized applications (dApps). Additionally, the integration of cross-chain bridges for transferring assets like APE, BINANCE:ETHUSDT , and stablecoins has enhanced the token’s utility, enabling smooth interactions across multiple blockchains​. Moreover, ApeCoin upgraded its smart contracts to incorporate the LayerZero Omnichain Fungible Token (OFT) standard, allowing it to serve both as a gas and governance token within the ApeCoin ecosystem. This upgrade also enables automatic yield generation for APE holders, adding further value by allowing them to earn passive rewards without manual staking​ These updates, combined with a surge in sales of Bored Ape Yacht Club (BAYC) NFTs and increased market interest, have led to a doubling of ApeCoin's value in just a few days. --------------------------------------------------------------------- ApeCoin(APE) gained more than +100% in terms of Technical Analysis with the help of Inverted Head and Shoulders Pattern . APE is moving near the Support zone($1.150-$0.984) and the 50% and 60% Fibonacci lines . I expect the APE to start rising again(at least 🚀+30%🚀 ) from the Support zone($1.150-$0.984) and attack the Potential Reversal Zone(PRZ) again if the Resistance line is broken. ⚠️Note: If APE goes below the Support zone($1.150-$0.984), we have to wait for more dumps⚠️ ApeCoin Analyze (APEUSDT), Daily time frame⏰. 🔔Be sure to follow the updated ideas.🔔 Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy and updates; 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.
Long
by pejman_zwin
20
W (Double Bottom) everywhere in Ward Wizard MobilityWard Wizard Mobility - as the name implies there are too many "W"s in it. But not just on the name - even on the Chart Pattern, this unique masterpiece is forming "W"s - Double Bottom Structures repeatedly Look at the Beautiful Weekly Chart.... The Price has formed a Perfect textbook Inverted Head and Shoulders pattern where the Left Shoulder and Right Shoulder are at even levels But what's more fascinating in this is that - there was W structures embedded in Left Shoulder, the Head and also on Right Shoulder And the W of Left Shoulder is in the same plane as the W formation on Right Shoulder Also, on the Monthly / Quarterly level, the price has formed a Multi-Year Parallel Channel and it has not reached the Bottom of the Parallel channel and taken support All of these indicates Bullishness. Shortly, this stock will start to blast upwards for a target of 100+++
BSE:WARDINMOBILong
by Stocks-n-Trends
Inverted Head and Shoulder Pattern breakout in DALBHART🔍 Technical Analysis on DALBHARAT (1-Hour Timeframe): Pattern Formation: An Inverted Head and Shoulders pattern has recently formed and broken out on the 1-hour chart of DALBHARAT. This bullish reversal pattern is often a strong indicator of a potential upward movement, particularly after the breakout from the neckline. Breakout and Entry Point: The breakout occurred as the price crossed above the neckline, which was near the 1795 level. This breakout is a key signal for a potential long entry. Traders can consider going long above 1795, anticipating further upward movement. Projected Target: Based on the head height of the pattern, the projected target for this breakout is around 1865+. This target is derived by measuring the distance from the head (the lowest point) to the neckline and adding it to the breakout point. The 1865 level serves as the potential upside target, representing the full price move expected from this pattern. Stop Loss Consideration: To manage risk, a small stop loss can be placed at 1751, which is safely below the neckline and the recent low, allowing some room for market fluctuations without prematurely exiting the trade. Summary: Entry: Above 1795 Target: 1865+ Stop Loss: 1751 This trade setup aligns with the technical structure of the inverted head and shoulders pattern, offering a favorable risk-to-reward ratio for those looking to capitalize on the potential bullish momentum in DALBHARAT.
NSE:DALBHARATLong
by TradZoo