CXW Inverse Head and Shoulder + Bullish Divergence!Hey Folks!
Not a fundamental analysis or financial advice, but trading idea on why it could do well in the coming months and beyond. I have discovered a technical repeat pattern in this one. I first found this stock after Trump made his statement regarding large deportations if elected. So naturally I look up prison stocks lol.
I made a nice trade on it last time it dipped and reversed, and I want to bring it to everyone's attention.
The overall pattern is shaping up nicely for a big move, a long election season is approaching border security will be a big deal and Core Civic will benefit in form of major government contracts, especially if Trump gets re-elected, even Biden might get pressured to crack down on border security.
From the company, I'd like to see a new fundamental catalyst to capitalize on this bullish setup.
Happy Trading!
OnePath
Head and Shoulders
$VRT Head and Shoulders Failure Signal Note: I am LONG NYSE:VRT
A Head and Shoulders failure pattern occurs when prices break below the neckline, suggesting a potential reversal to an up-trend; however, the move lower does not gain traction. Instead, prices drift higher until trading above the previously defined Right Shoulder high.
My long entry triggers when price > right shoulder high, which invalidates the bearish setup, and signals a continuation of the up-trend as trapped short sellers are forced to cover. Often times, this amplifies the momentum in the move higher.
Past performance is not indicative of future results. Opinions are not positions, and vice versa.
ULTA Screaming AccumulationA classic inverse H&S setup on ULTA here. Buffet buying and taking a stake a few weeks/month back makes me even more convinced. This will just take time. The large wicks are indicating that buyers are stepping in and absorbing selling demand from a weekly perspective. The buyers come and save the week. They're going to form this perfect right shoulder and it should launch - might take 6 months or so... NASDAQ:ULTA
$MSFT H&S top? Large downside move incoming?NASDAQ:MSFT is one of the worst looking tech charts out there.
There's a large H&S top that has formed and if it breaks below that blue trend line it's going to get ugly quickly.
I think it's possible we see a 20%+ decline over the coming months back to that $312-316 level.
1D, 2D, and 1W Heikin Ashi candles are all bearish. It would take a miracle for this stock to turn around.
Let's see if we get a H&S top confirmation.
EURCAD: Very Bearish Pattern 🇪🇺🇨🇦
EURCAD formed a cute head & shoulders pattern on a key daily horizontal resistance.
A bearish breakout of its horizontal neckline is a strong bearish signal
that signifies the strength of the sellers.
With a high probability, the pair will continue falling and reach
at least 1.47665 level.
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NIFTY BROKE DOWN FROM [HEAD AND SHOULDER] PATTERN - (SELL)
TECHNICAL INDICATORS -
HEAD AND SHOULDER PATTERN :
Nifty had broken down from a head and shoulder pattern on 22nd october with a large red candlestick confirmation
MACD :
MACD had shown proper bearish crossover on 1st october and macd line had stayed below signal line since then continuously confirming bearish momentum
TARGET :
till 23350 if the momentum continues
FUNDAMENTAL INDICATORS -
concerns among investors regarding upcoming maharashtra elections is causing market sell-off as its a major economic state in india and could see policy shifts after new government comes in power which may affect sectors closely tied to government decisions
Alikze »» FTM | Wave 3 or C super cycle scenario - 2D🔍 Technical analysis: Wave 3 or C super cycle scenario - 2D
- In the analysis presented in the previous post in the weekly time frame, it was mentioned: it is suspicious of a head and shoulders pattern.
- So far, according to the previous analysis, the first target (supply zone) has been touched and it is currently above the target zone.
- In the analysis presented in the 4-hour time frame, it had a zigzag pattern, which is in wave one of three.
- In the daily time frame, it is located in an ascending channel, the previous corrective wave was able to form a reversal pattern in the range of 0.23 fibo.
- Therefore, I expect that it will face demand in the Buyer Zone and continue its growth with the failure of the middle of the channel up to the ceiling of the ascending channel.
In addition, after breaking the ascending channel, it will have the ability to reach the red box area (supply area).
So this bullish wave is wave 3 or big C, which will have the ability to grow up to the indicated ranges.
💎 Alternative scenario: If the Buyer Zone is broken and stabilizes below it, it can touch the 0.23 Fibo range again.
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OKX:FTMUSDT
Plenty of upside left in HBARUSD even after massive 55% pump HBAR had a huge breakout today and shot way past the breakout target of the previous patter it had ust broken upward from. In doing so Price action is getting very close to completing the right shoulder of a much bigger inverse head and shoulders patter here. Should it trigger the breakout of this attern we ca see that the measured move target for it would be over 120% gains from where price currently is if it were to reach the full target. It may take it a second consolidating just below , or back &forth a little above and below the neckline of this pattern before it triggers the breakout since it just had such a massive pump, however it could just maintain the current momentum and plow right through that neckline without stopping for much of a rest. The most import support to watch for at the moment is the weekly 200ma(in blue) as long as it can flip that 200ma to solidified support then odds are good it will confirm the breakout from this invh&s pattern to too many candles after that. Also considering the total2 chart looks like it will confirm the long awaited breakout from its cup and handle patter soon, that increases the probability that this new bigger invh&s on HBAR wll be confirming its breakout too sooner rather than later. *not financial advice*
LTC about to complete right shoulder right @ the golden crossIf Litecoin’s price action reacts the same to its golden cross as many other crypto charts have recently, we will likely see Litecoin rise above the invh&s neckline i the coming days. A confirmed breakout from the invh&s has a breakout target of around $173. *not financial advice*
$COIN Upside ForecastMy base case is NASDAQ:COIN moving to $350-$430 USD during this bull run. If CRYPTOCAP:BTC makes a run past $115-125K, it's possible we see this larger Inverse Head-and-Shoulders pattern play out.
This move takes NASDAQ:COIN upside to approx. $550 USD by mid-2025 to mid-2026.
(then look out below! :)
BLOCK INC $SQ #SQ Inverse head and shoulders could see $200In the fast-paced trading scene, the inverse head-and-shoulders pattern is a key sign for spotting bullish reversals. This pattern features three distinct dips: a lower "head" nestled between two higher "shoulders." When the price breaks above the "neckline," it hints at a possible change from a downtrend to an uptrend.
Traders usually jump in at this breakout point, placing stop-loss orders just below the right shoulder. They also rely on technical indicators like moving averages, the Relative Strength Index (RSI), and the Moving Average Convergence Divergence (MACD) for extra confirmation, creating a well-rounded strategy to seize these trading chances.
Key Takeaways
The inverse head and shoulders pattern is just the upside-down version of the regular head and shoulders.
It can help forecast reversals during downtrends.
Once this pattern is complete, it indicates a bull market ahead.
Investors often take a long position when the price surpasses the neckline resistance.
Quant finally waking up and joining the rest of the alt pumpLooks like Quant has broken above an inverse head & shoulders pattern with two valid necklines. The higher longer one having a higher breakout target of course. Based on the pattern unfolding on total2 chart right now as well as it’s impending golden cross, I’d say QUant reaching both inverse head & shoulders targets is highly probable *not financial advice*
CMPX reversalAttending a investor conference Monday the 18th along with a ton of other biotech companies may be what cmpx needs for a kick in the rear to get this larger down trend to pop, doubtful but can atlest retest with this right shoulder in the coming weeks or days. Invalidated of course if we break lower than the head price.
General Electric Co | Chart & Forecast SummaryKey Indicators on Trade Set Up in General
1. Push Set Up
2. Range Set up
3. Break & Retest Set Up
# General Electric Co (Extended Hours)
- Inverted Head & Shoulders | Failed Target
- Trend Line 123&4
- Wave A | ABC Impulsive Wave Trend
- Retracement 0.618
- HH & HL's
Active Sessions on Relevant Range & Elemented Probabilities;
London(Upwards) - NYC(Downwards)
Conclusion | Trade Plan Execution & Risk Management on Demand;
Overall Consensus | Buy