Looks good before earningsInverted HS, earnings upcoming on 11/07. Stock history shows that the stock doesn't change the trend after earnings. I opened a position ion Friday but still good to to buy.
Invertedheadandshoulders
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.
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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-$0.984), we have to wait for more dumps⚠️
ApeCoin Analyze (APEUSDT), Daily time frame⏰.
🔔Be sure to follow the updated ideas.🔔
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post.
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$BTC Inverted Head and Shoulders - Max Pain is OverAlmost positive we’ve seen the bottom for Bitcoin at this stage in the game.
Inverted Head and Shoulders pattern on the daily.
CRYPTOCAP:BTC waiting for the Golden Cross and daily close above the major resistance trendline ~$68k
Everything we see from here on out is purely market manipulation, nothing more.
[TSLA] Did Tesla just complete its inverted H&S pattern ?Weekly chart NASDAQ:TSLA . Looks like an inverted H&S to me, and it's just breaking out, making it now a complete one.
MACD also showing bullish sign as it breaks the downtrend line.
Nice R/R setup this one.
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+++
EURGBP - Inverted Head and ShouldersHello Traders !
The EURGBP reached a strong support level and failed to break it !
The price formed an inverted head and shoulders pattern.
At the moment, The neckline is broken !
So, I predict a bullish move 🚀
______________
TARGET: 0.84870🎯
Inverted Head & Shoulder BreakoutThe stock has broken a 2.5 year Inverted Head and shoulder with 4x volumes. Buy at retracement range between 155-160 for a target of 375.
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.
Inverted Head & Shoulder BreakoutThe stock has broken an inverted head and shoulder neckline with 4.5x volumes on a monthly basis. Buy at support of neckline between 1063-1087 for targets of 1285/1450.
Will NOT give us an inverted shoulder head shoulder?It seems like NOT might go back down a bit to give us a inverted shoulder head shoulder pattern, if it is then this can work really great for all of us.
Keep an eye on NOT, it can be to late without even knowing.
This is no financial advice, always DYOR.
What are your thoughts?
The Wizard with a Magic Wand (Ward Wizard Mobility & Innovation)Ward Wizard Mobility which is a leader in the Electric 2 Wheeler Segment is all set to make headlines now.
Here is a quick comparison of Weekly and Monthly charts - each showing different representation to give you clarity on how multiple patterns get embedded one within another
Weekly Chart: (On Top)
Price is in the process of completing a 2 Year Cup and Handle Pattern
Currently, the Handle portion is in Process and to ensure a smooth and hassle free completion of Handle, the price has formed an Inverted Head and Shoulder Sub-Pattern
The Target of Inv H&S is 85 which completes the Cup and Handle. And Break out Above 85 on Weekly closing will lead to a Target of 95, 120
Monthly Chart: (Bottom Left)
On the Monthly chart - we see a Falling Parallel Channel Break-out, followed by a Retest and then Strong Bounce. This entire structure is a Bullish Continuation pattern (so the fall to retest the Channel should not be considered as a Correction)
Weekly Chart (Bottom Right)
The 2nd representation of Weekly Chart on bottom shows Why the price fell today despite hitting intraday high of more than 8%, it ended at 6.77%
The primary reason for this is the Rejection is the GAP Resistance at 63. Between 63 and 53, the price has already made a clean Double Bottom pattern having neckline around 60
On the Candle stick pattern, the price has formed a Rising 2 Bullish continuation pattern as well on weekly
Though the Resistance 63 is still strong, Every pattern reviewed so far indicates Bullishness - s its just a matter of time before 63 gets broken and price blasts up to its subsequent targets.
When you keep practicing charts - you will be able to combine multiple patterns in just 1 screen and be able to make decisions. I have split each pattern into separate windows for clear understanding of how to read a chart on various views.
Disclaimer:
3+ Years Teaching Experience in Stock Market - Technical Analysis, Behaviour Analysis, Advanced Patterns, Emotional Management, News based Trading...
We are NOT SEBI Registered and Our focus is NOT providing Buy/Sell Recommendations/calls. Primary Objective is to provide detailed analysis of how to review a chart, explain multi-timeframe views purely for Educational Purposes.
We strongly suggest our followers to "Learn to Ride the Tide irrespective of its Side"
*** Important *** Consult your Financial Advisors before taking any positions
If you like our detailed analysis, please do rate us with your Likes, Boost and share your comments
-Team Stocks-n-Trends
TTML (Tata partner with BSNL) - Rumor or Boomer :)There is lot of speculation in the market that Tata is investing / partnering with BSNL to provide high speed 4G & 5G services. Though there is a "Proposal" of such sort, its still in preliminary stages and "AS USUAL" the Market had a Speculative Blast already
TTML hit 20% UC today basis this....
If this Rumored news ends up as Rumor....
Then Price would Burst out like a Boomer....
Comparison of Quarterly Vs Daily Chart:
1. On Quarterly: The Price had formed a Massive Flag-Pole pattern and Broke-out of the pattern today with 20% UC. For the Breakout to be effective, it has to Break-above the Previous High Resistance of 99.5. If broken and sustained above 99.5 - Weekly Closing - then Target would be 185
2. On Daily: Price had broken-out of Inverted Head and Shoulder Pattern along with Parallel Channel (Flag) breakout.
Now - there are 2 options for the Price
1. If the News is True: Price would blast further up hitting a Target of 145 in short term (Target for Inv H&S + Rounding Bottom BO above 107
2. If the News ends up just as a Rumor: Price would take resistance at 99 and fall back to the next support levels at 90.5 or would retest the Falling Parallel Channel Trendline (Breakout - Retest) which is still bullish
After such a massive breakout, it is highly unlikely to return back within the Parallel Channel even if the news is Rumor.
Fresh Entries - WAIT for Further Confirmation of Fall to Support Level (or) Successful Breakout above 99.5 Weekly closing....
Disclaimer:
3+ Years Teaching Experience in Stock Market - Technical Analysis, Behaviour Analysis, Advanced Patterns, Emotional Management, News based Trading...
We are NOT SEBI Registered and Our focus is NOT providing Buy/Sell Recommendations/calls. Primary Objective is to provide detailed analysis of how to review a chart, explain multi-timeframe views purely for Educational Purposes.
We strongly suggest our followers to "Learn to Ride the Tide irrespective of its Side"
*** Important *** Consult your Financial Advisors before taking any positions
If you like our detailed analysis, please do rate us with your Likes, Boost and share your comments
-Team Stocks-n-Trends
EURCHF - NEW BREAKOUT
Hello Traders !
Previously, The EURCHF formed a Bullish Inverted Head and Shoulders.
At the moment, The price broke the resistance level (0.96582 - 0.96850).
So, I expect a new bullish move📈
I'm waiting for retest...
____________
TARGET: 0.97835🎯
Buy ITC cmp 425.50, target minimum 480, SL-399Fundamentally and technically sound, ITC is a perfect buy looking at overall market conditions which is currently on high valuations. At current price, ITC provides a value comfort and technically this stock has done a price and time correction at the same time. Currently we see that chart is forming Inverted Head & Shoulders pattern on a daily time frame which is extremely bullish pattern and indicates the reversal of downfall and bottom formation. Aggressively buy this stock at 425-430 levels and wait patiently for a minimum target of 480, stop loss at 399.
How to Plot Head & Shoulders Pattern on TradingViewWelcome back, Traders!
We’re excited to have you here on TradingView where we share valuable trading insights and educational posts to help you succeed in the markets. Today, we’re diving into one of the most reliable chart patterns in technical analysis: the Head and Shoulders pattern. Understanding and identifying this pattern can significantly improve your trading strategy, whether you’re dealing with forex, stocks, or commodities.
What is the Head and Shoulders Pattern?
The Head and Shoulders pattern is a bearish reversal pattern that indicates a potential end to an uptrend and the beginning of a downtrend. It consists of three peaks:
Left Shoulder: The first peak followed by a decline.
Head: The highest peak followed by a decline.
Right Shoulder: A peak similar in height to the left shoulder, followed by a decline.
The neckline is the support line that connects the lows after the left shoulder and the head.
How to Trade the Head and Shoulders Pattern:
Identify the Pattern: Look for the three distinct peaks with the head being the highest.
Draw the Neckline: Connect the lows after the left shoulder and the head to form the neckline.
Entry Point: Enter a short position when the price breaks below the neckline.
Target: Measure the distance from the head to the neckline and subtract this distance from the breakout point to set your target.
Stop Loss: Place a stop loss above the right shoulder to manage your risk.
Inverse Head and Shoulders Pattern
Conversely, the Inverse Head and Shoulders is a bullish reversal pattern signaling the end of a downtrend and the start of an uptrend. It consists of three troughs:
Left Shoulder: The first trough followed by a rise.
Head: The lowest trough followed by a rise.
Right Shoulder: A trough similar in depth to the left shoulder, followed by a rise.
The neckline is the resistance line connecting the highs after the left shoulder and the head.
How to Trade the Inverse Head and Shoulders Pattern:
Identify the Pattern: Look for the three distinct troughs with the head being the lowest.
Draw the Neckline: Connect the highs after the left shoulder and the head to form the neckline.
Entry Point: Enter a long position when the price breaks above the neckline.
Target: Measure the distance from the head to the neckline and add this distance to the breakout point to set your target.
Stop Loss: Place a stop loss below the right shoulder to manage your risk.
Follow us on TradingView for more helpful ideas and educational posts!
Stay tuned as we continue to share insights that will help you on your trading journey. Happy trading! - BK Trading Academy
Tesla Analysis!NASDAQ:TSLA Analysis on a Weekly Timeframe!
Multiyear trendline breakout in Tesla!
Inverted Head and Shoulders Pattern formation at Support!
Neckline breakout in Tesla!
Of course we have missed the entry in a Tesla but take is as a learning. Where I have combined Multiyear Resistance trendline with Inverted Head and Shoulders Pattern. So what we need to do is ,Identify the chart pattern on a longer timeframe and after that on the event of breakout need to come down to lower timeframe. As I marked all the levels on a weekly timeframe but we can enter in the stock on a Daily Timeframe.
Disclaimer = Consider my analysis for Educational Purposes only.
Before entering into any trade -
1) Educate Yourself
2) Do your research and analysis
3) Define your Risk to Reward ratio
4) Don't trade with full capital
Inverted Head and Shoulders: A Comprehensive GuideThe Inverted Head and Shoulders pattern is a popular and reliable reversal pattern that signals a potential shift from a downtrend to an uptrend. Understanding and identifying this pattern can provide traders with profitable trading opportunities.
Anatomy of the Inverted Head and Shoulders Pattern.
Left Shoulder: The price declines to a trough and subsequently rises.
Head: The price falls again, forming a lower trough.
Right Shoulder : The price rises once more before declining to a trough similar to the left shoulder.
Identifying the Pattern
To accurately identify an Inverted Head and Shoulders pattern, look for the following characteristics:
Three Troughs: The head should be the lowest point, with the two shoulders on either side.
Neckline: Draw a trendline connecting the peaks of the two shoulders. This line acts as a resistance level.
Breakout Confirmation
The pattern is confirmed once the price breaks above the neckline with increased volume. This breakout indicates a reversal of the previous downtrend and the start of a new uptrend.
Trading the Inverted Head and Shoulders
Entry Point
Enter a long position when the price closes above the neckline. To reduce false breakouts, consider waiting for a retest of the neckline as support.
Stop-Loss
Place the stop-loss order below the right shoulder to limit potential losses. This level provides a cushion against false breakouts and unexpected market movements.
Target Price
The target price can be estimated by measuring the distance from the head to the neckline and projecting this distance upward from the breakout point.
Example:
Example Reference image of chart ONGC on Daily Time Frame shared below
Distance from Head to Neckline: 62 points
Breakout Point: 280 points
Target Price: 342 points
Practical Example of ONGC chart
The neckline is drawn connecting the two peaks at 280 level. A breakout occurs at 280 level with increased volume and now candle closed bullish at 288 levels with Good intensity of Volumes.
Key Points to Remember
Volume: Volume should increase during the formation of the pattern, especially at the breakout point.
Timeframe: The pattern can form over various timeframes, but it is more reliable over longer periods.
Market Context: Always consider the broader market context and other technical indicators to confirm the pattern.
Conclusion
The Inverted Head and Shoulders pattern is a powerful tool for traders looking to capitalize on trend reversals. By understanding its structure and applying disciplined trading strategies, traders can enhance their ability to identify and profit from these patterns.
I am not Sebi registered analyst.
My studies are for educational purpose only.
Please Consult your financial advisor before trading or investing.
I am not responsible for any kinds of your profits and your losses.
Most investors treat trading as a hobby because they have a full-time job doing something else.
However, If you treat trading like a business, it will pay you like a business.
If you treat like a hobby, hobbies don't pay, they cost you...!
Hope this post is helpful to community
Happy Trading!
RK💕
Disclaimer and Risk Warning.
The analysis and discussion provided on in.tradingview.com is intended for educational purposes only and should not be relied upon for trading decisions. RK_Charts is not an investment adviser and the information provided here should not be taken as professional investment advice. Before buying or selling any investments, securities, or precious metals, it is recommended that you conduct your own due diligence. RK_Charts does not share in your profits and will not take responsibility for any losses you may incur. So Please Consult your financial advisor before trading or investing.
Wild tradeMassive inverted HS building up to break out the triangle. Aussie is correlated to Gold, and the US Dollar will suffer from the monetary policies of the FED.
This trade is not for everyone. If you are a day trader probably it will be frustrating for you. It could take months to play out.
Open a long position and add at every pull back. We will have a fight at the upper vertex of the triangle. The SL triggers if the inverted HS pattern is busted in the weekly timeframe. Give it time. In Forex you only need a few trades a year to make great profits but patient is needed.
Altseason - are you seeing this?Others dominance may be wrapping up a right shoulder on he weekly. The right shoulder may take longer than the indicator has drawn, however so I've drawn my own next to it in white.
As confluence for this, the larger pattern began taking shape after a smaller one formed within its head.
The smaller inverted HS is already confirmed and is presently re-testing its neckline, pullbacks below failing so far. Its targets are 16% and then just slightly over 19% and just below ATH, should it hold after another test or pullback.
Targets for both:
The smaller HSi would confirm the larger one by reaching its TP 1 at 16%, and then holding above ~13.5% or so.
TP 1 as measured for the larger HSi on the non-log chart is 19.7%, or slightly above ATH.
Its logarithmic measured TP 1 is above ATH around 24.15%
Conclusion:
Altcoins may regain its prior ATH in market dominance, somewhere around 19.5%, and could approach 24-25%
LINK Potential IH&S, High Confluence, $26 Target 1, $32 Target 2🎯 TL;DR Potential IH&S + W3 Target: $26; W3 Target 2: $32; High Confluence
📈 With the recent dip to $15.3, BITGET:LINKUSDT might be forming an Inverted Head & Shoulders (IH&S) pattern with a $26 target.
The 50VWMA is acting as support in this area, and TD Sequential printed a Perfect Buy Setup (red M9) yesterday, offering additional confluence.
This retracement is also 61.8% of the previous leg up, setting a potential Wave 3 Target 1 also at $26, and a potential Wave 3 Target 2 at $32.
✅ Confirmation would be a daily close above the neckline at $19.3.
For a safer entry, wait for a daily close above $20, which is a previous resistance, a High Volume Node (HVN) and a key psychological level.
Keep an eye on $22.9 as it previously triggered a rejection.
❌ Invalidation would be a daily close below $15.3, and it would likely lead back to trading in a rectangle between $12.8 and $19.2.
If you have any questions about the TA, feel free to ask. I am always more than happy to share and discuss charts.
Not Financial Advice
JP Power is ready to give a huge moveJP Power has completed a long-term inverted Head and Shoulder pattern recently. Considering this positive move, we should expect a move up to double the current levels from 10.50.
Keep tracking the move and invest sensibly.
Bullish Flag breakout... Inverted H&S Pattern. Or, Bear Flag!!!It appears as though BTC has broken the downward sloping resistance of a bull flag.
Highlighted in Green you can notice an inverted H&S pattern coming to completion.
Also, there is the potential of a break downward from a bearish flag.
