Get started

Invertedheadandshoulders

AMD: You must pay attention to these patterns! Next Key Points!Hello traders and investors! Let’s how AMD is doing today! It just did what it should’ve done, and it is in a short-term bull trend, as we have higher highs/lows. The 21 ema is pointing up, and there’s not a single pullback/reversal sign around. The moment to buy AMD was at $ 106.07, as I warned you last week ( link to my previous analyses below this post), and now it is too late to buy. Unless if AMD does a decent pullback, but we can’t count on that. But AMD has an open gap at $ 118.18, which will probably be filled in the next few days/weeks. However, we have some good signs in the daily chart: After it hit the dual-support level at the 21 ema/50% Fibonacci’s Retracement , AMD reacted nicely as we expected, and it seems it is trying to do a very nice chart pattern: An Inverted H&S. If triggered, AMD will have a technical target at the All-Time High . The only thing missing here: A good volume after a breakout. Either way, it is interesting to pay attention to what AMD will do next, because maybe if it is not a perfect buy, we still have some upside left. If you liked this analysis, remember to follow me to keep in touch with my daily updates. Have a good weekend!
NASDAQ:AMD
by Nathan_The_Finance_Hydra
6
$U Unity software, retest of INV H&S Trading opportunityI quite like the look of this setup. After a nice break out of the neckline of the inverted head & shoulders formation - which was accompanied by some decent volume, we have recently seen a retest and hold of this level which also comes in just above the 200dma. I think once can buy this retest between $115-118 ,using a stop loss as a move below the breakout (or 107 if you want to give it some room). Target of the pattern comes in at approximately $151
NYSE:ULong
by MarcoOlevano
WABIBTC Price Prediction for August**Disclaimer** the content on this analysis is subject to change at any time without notice and is provided for the sole purpose of assisting traders to make independent investment decisions. Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together. _____________________________________________________________________________________________________________________ Thank you for your support ;) GWBFX
WLong
by GWBFX
3
DNKG: Many interesting patterns to watch this week!Hello traders and investors! Let’s see how DKNG is doing today! The trend is clearly bullish in the 1h chart, as we have higher highs/lows . The 21 ema is going up too, and it is working as a nice support level. Another relevant support to keep an eye on is the black line at $ 51.25. This point worked as support, and it was a previous resistance on July 29. DKNG is following the Principle of Polarity too. Yes, it is a bull trend, and we have a good bullish reaction above the 21 ema, but the challenge is to defeat the resistance at $ 53.38 (red line). The daily chart looks interesting. We are not in a bull trend, but at least the trend is not bearish anymore. We are in a congestion , and the 21 ema is flat, but this Inverted Head & Shoulders chart pattern is a good sign. The $ 51.25 was a pivot point , but it seems the $ 53.38 is a strong resistance, along with the $ 56.07. I see some early signs of reversal, but the situation is risky . Of course, higher the risk, better the reward. If we lose the $ 51.25 along with the 21 ema the congestion will prevail and DKNG will keep moving erratically. If this analysis helped you, remember to follow me to keep in touch with my daily updates. Have a good day.
NASDAQ:DKNG
by Nathan_The_Finance_Hydra
1
Cardano bullish? Falling wedge and inverted H&SI just opened a long position on ADA/USDT two bullish patterns, one within the other: inverted head and shoulders | Falling wedge 1- falling wedge: Stats: Break-even failure rate: 11% in a bull market; 11% in a bear market Average rise: 32% in a bull market; 26% in a bear market Percentage meeting price target: 70% in a bull market; 60% in a bear market 2- inverted head and shoulders: Stats: Break-even failure rate: 3% in a bull market; 4% in a bear market Average rise: 38% in a bull market; 30% in a bear market Percentage meeting price target: 74% in a bull market; 58% in a bear market. As always, risk vs reward is the key thing to consider for someone who wanna be a successful trader; I've already set up my stop loss and will shortly update this idea with price targets. Trade carefully ;)
Long
by KairoiCapital
WISH: Complete Multiple Time Frame Analysis (H, D and W).Hello traders and investors! Let’s see how WISH is doing today, and do a Multiple Time Frame Analysis (MTFA) on it! First, the 1h chart tells us that we have a possible IH&S pattern (possible, as it wasn’t triggered). The key point for us is the $ 10.34, as this is a pivot point and the neckline of the chart pattern. Remember, every H&S or IH&S are just two pivot points mirrored, and this is why it works as a nice reversal when triggered . It denies the previous pivot, and triggers a new one, reversing the previous trend. We are breaking the 21 ema for the first time in one month, and we might see something new here on WISH. The $ 15 is the main target if WISH triggers the pivot point in the 1h chart, as it worked as support and resistance multiple times. The market has memory, and some price levels are relevant for the stock. On the other hand, we must lose the $ 8.84, as this will create a bearish structure and WISH will keep dropping, probably to the $ 7.40. WISH is engaged in a bear trend since the IPO, but the $ 15 seems to be a pivot point for WISH in the weekly chart. This week is bullish so far, and if we do a bullish structure around here, it’ll be a good place for a bottom. Either way, I presented the key points for you in this analysis. Remember to follow me to keep in touch with my daily updates, and if you liked this idea, please, support it! Thank you very much!
W
by Nathan_The_Finance_Hydra
5