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Invertedheadandshoulders

AMD: Finally a Reversal Pattern?• AMD is trying to trigger an Inverted Head & Shoulder chart pattern in the 1h chart; • The pattern wasn’t triggered, so we have yet to see some confirmation of a reversal; • This is important because the main trend is still bearish, and if by any means the price action frustrates this IH&S the bearish momentum will prevail, probably all the way down to the next support at $59, as evidenced in the wekly chart below; • Since AMD lost the previous support at $72 (black line), the next technical stop is the $59, however, the recent price action might reverse the bearish sentiment and AMD could avoid this scenario; • In addition to the IH&S pattern in the 1h chart, if AMD wants to trigger a mid-term reversal it is important to break the $72 again, as this point is supposed to work as a resistance in the short-term; • Yes, AMD is trying to reverse, but we must see more confirmation signs before assuming we hit a bottom; • In addition, in our last study, I described what is necessary for AMD to trigger a sustainable mid-term reversal, and the link to my previous analysis is below this post. I’ll keep you guys updated on this. Remember to follow me for more analysis like this! Keep in touch.
NASDAQ:AMD
by Nathan_The_Finance_Hydra
2
ABNB: Inverse head and shoulders on close watchABNB What a beautiful and clean inverse head and shoulders on ABNB. Technically we just broke the neckline (dotted line), if we close above it today, the pattern will be confirmed with a target between $153 and $161. This one is a bit tricky though as there are some resistances ahead: -The horizontal resistance at 130 -The down trend line connecting all the previous highs since November. A positive note is that the stock has not followed the overall market the last few days. Could ABNB be benefiting from rent inflation? Possibly. I will long the stock above $130. First target will be $147. Keep it on your watch list. Trade safe.
NASDAQ:ABNB
by Elpidaldo
AAPL: Could it reverse the bear trend? Let's see.• AAPL is in a bear trend, but the $148 area is the first key support; • If AAPL reacts and breaks the $153, it’ll trigger an IH&S chart pattern, with a target at $158.72. Remember, if AAPL reacts, for now, there’s no evidence pointing to this direction. • In the daily chart, AAPL is stabilizing, and we see that the $148 area is visible in this time frame as well; • To me, the key point is the $148, and is AAPL loses this key point, it’ll seek the next support at $141.92; • It all depends on how it’ll react in the next couple of days, if it’ll trigger the IH&S chart pattern seen in the 1h chart or not. Remember to follow me for more analysis like this! Keep in touch.
NASDAQ:AAPL
by Nathan_The_Finance_Hydra
2
ETC - Inverted H&S Pattern on the Line Break ChartHi Traders, Investors and Speculators 📈📉 Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. Daytime job - Math Teacher. 👩‍🏫 In today's analysis, I present an Inverted Head and Shoulders Pattern on ETCUSDT . An inverted H&S is different to an Inverse H&S. Inverse H&S patterns have a straight neckline whilst Inverted H&S have a tilted neckline . If you noticed something strange about the chart, I have used the uncommon line break chart method. Three-line break charts originated in Japan during the 19th century and it is said that this technique was used in rice trading. This is another old form of charting originating from Japan along with the likes of Renko, Kagi and Heikin-ashi charts. Line-break chart was introduced to the western world by Steve Nison in his book Beyond Candlesticks. I find this really helpful to cancel out the noise and point out a clear trend. The line break chart is different to the candlesticks and as you can see, there are no wicks. Let's take a closer look at how exactly line break charts work. Have a look at image below. These are the closing prices of an asset: If you connect these closing price and draw the line, it becomes a line chart: Now, instead of connecting the dots and drawing the line chart, you can connect the two closing prices by drawing boxes: Lastly, they are filled with Green and Red. If the closing point from one box to the next is higher, the price is bullish, color of the box is green and vice versa- If the closing of the new box is lower than the previous box, the price is bearish color of the box is red: Now, back to the Ethereum Classic Inverted Head and Shoulders Pattern - I'm using the really helpful Head and Shoulders Pattern tool here on the chart, which you can find in the drobox on the left-hand side. A closer look at how to measure the ultimate target: You measure the height from the head to the neckline, and from the first resistance under the neckline you add that height to give you the estimated target: Entry rule : Do not enter on a breakout without a close above the neckline . A high number of potential inverted head and shoulders patterns often will be broken only for it to be a fake breakout in the end. When price closes the trading session past the neckline it’s an additional confirmation that it’s a true breakout. Have a great weekend 🥂. I hope you enjoyed this post today! Please give us a thumbs up 👍 _________________ Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎Hit like & Follow We thank you for your support ! CryptoCheck
Long
by CryptoCheck-
35
EUR/USD Technical BreakdownEURO / DOLLAR; Technical Breakdown (Long) So, as you can see we've had a depletion at 0.98800 where price failed to break the lows and printed a clear inverted head & shoulders After the third bounce of the trendline, I was expecting price to break through, indicating price is reversing We have clear / well respected support / resistance zones marked out, indicating where price is likely to go after breaking bearish market structure Now, for me personally, I'd like to see price come back to the golden zone between the 61.8 & 78.6 fib levels to give the best / highest probability set up whilst maximising our reward to risk You may have noticed these fib levels also line up with the trendline, a strong area of support (0.99250) as well as the neck line of the inverted head & shoulders However, This set-up isn't guaranteed, but, if price does come back to this zone, I will be looking to take buys as soon as we have 3 rejection candles on the 5m or 15m timeframe We may even have a rejection of the 0.99750 level which price has previously respected as support, but again, in my eyes, the best set up which we as traders should all wait for is the highest probability set ups which to me is the deeper pullback to that 0.99250 level. Hope you enjoyed that technical breakdown on EU. Let me know what you guys think about this pair.
Long
by TomBray1