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Invertedheadandshoulders

SPY Super Predictable.Hello Traders, It's been awhile since I've shared with the class, so I figured I'd give a little Christmas treat. In Dec., SPY has been extremely predictable so far. Those trendlines (the 2 red and 2 long green and blue), those were drawn around the 6th. As you can see, the PA has been very true to the trend. Now, this is where it gets a little more exciting. IF TODAY CLOSES ABOVE THE NECKLINE, which happens to be the trendline, or one of the upcoming days... There is a potential IH&S (inverse head & shoulders aka H&S bottom). I realize that is a little tight with that right shoulder only a point or so away from the bottom of the head, but technically it still applies. Since it is I would guess that this means there could be more Throwback (moves down before up) and this would hurt post breakout performance. Note: this IHS could totally wipe since it's unconfirmed so far. Also, the target is not a prediction of date, could happen sooner, could happen later. The other wrench is the throwback, if we see a lot of it, the target will significantly be reduced. Even if we decide it's not going to be a IHS it's still an (Eve & Adam) double bottom with a fast reversal on the Adam side, so bullish either way. With all that said, I think we are looking at a nice little melt up to end the year and pending any crazy news, we should also have a pretty bullish January. So move all of your doomsday predictions out at least a month bears. Good luck and Merry Christmas. Sincerely, Mike ****Be sure to Like, Follow, Support****
AMEX:SPYLong
by UPRIGHTTrading
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
HCLTECH - Bullish Head & Shoulder - Intraday/Short term tradeThe analysis is done on 15 min TF hence price may take a couple of days or more in order to reach the targets. Trade setup is explained in image itself. The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade Checkout my other ideas to understand how one can earn from stock markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis.
NSE:HCLTECHLong
by TradewithAditya
BNB 4hr Long to at least 624.6 (+13%)BNB is above the .236 fib level of the most recent drop. The .618 lines up with the 200 MA, and there is an RO-DMI Flash at $624.60. There might be an inverted H&S which the measured move from would take you back up to the .618/200 MA. May want to wait for BNB to burn off some bearish divergence in the short term. A better entry might be at around 540ish. If it can reach the 1.13 fib at $646 and if it can maintain above resistance at around $650. I would expect it to retest ATH and if it breaks that I would expect $720-800 as the next ATH.
Long
by thriftyPear5560
HPE reaching the top of the inverted H&S / possible LTF breakoutAfter a long inverted head and shoulders formation on HTFs, the price came to the top of the structure. Now it's reaccumulating on LTF, to break out above 15,40 and then continue above 16,00 once it reaches that level. Inverted head and shoulders and Wyckoff is in play. There's a possibility that the price will move around a bit, before reaching 15,40 though, so only time will tell. I'm counting on this happening within the next few days.
NYSE:HPELong
by GibsonTrades
COTI/BTC inverted H&SConfirmed Inverted Head and Shoulders, while target hasn't been reached yet, and COTI just got back down to the neckline (white) and strong support zone 990-880sats. I will be buying the touch of yellow uptrendline around 880sats. Target 1670sats. Invalidation 694sats. RRR 4 Check my previous COTI/BTC idea down below: Please like👍, comment🗣️, follow me✒️, enjoy📺! ⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.
Long
by bizmark
2